Mike Pento And Keith Boykin: "We Are All Greedy And Selfish"

Pento's earlier return to CNBC can only be attributed to the ratings surge resulting from the episode of him being "rude" and kicked off by Erin Burnett, after he dared to question her assumption that the world will continue to fund US debt in perpetuity. Nonetheless the tension (of somewhat ambiguous origin) between the two remains which may explain why Mike Pento appeared on the Kudlow show to discuss how Obama can satisfy Wall Street. Pento was sterling as usual, saying Obama's best bet is to convert to the tea party, but absent that he "should remove Ben Bernanke, and put the head of the Fed should be someone who is not so enamored with counterfeiting, and put someone who believes in markets. That would help to a great degree." Yet today's moment of insight comes from Keith Boykin who points out that the conflict between Wall Street and Main Street continues, in that the former couldn't care less about jobs (unlike the latter), and are much more fixated on the bottom line. Although obviously without jobs, the economy will crumble, which explains why Pento once again points out the obvious that America, to be competitive with the Chinese, should "lower taxes, lower wages, and reduce regulations" - all three of which have virtually no chance of passing in a country used to being coddled by cheap credit and ever rising wages, even if this money continues being devalued day to day. And while Boykin seems unable to grasp the concept that a bottom line has an expense component to it (i.e., cutting record bloated government spending), the line of the day goes to him: "We are all greedy and selfish." And there you have it - Americans can look at the administration for answers, at Wall Street for scapegoating, but fundamentally, when it comes down to actual change, this can only happen at the individual level. And deluding oneself and preventing any real change is what the average American individual excels in, more than anyone else in the world. 

Full clip below: fun stuff begins around 2 minutes in.

Comments

[anony]

.

[anony]

Hep me out here. If I pay $30,000,000 to buy or build a man cave, that $30 Mill must go to some other people. And the $30,000,000 I got must have come from some other people.

The money continues to circulate to an army of consumers, no?

The velocity of that $30 Mill must be of some economic value even if it only pays the day laborer who cleans the pool and if she's attractive enough, services the Hedgehog.  I mean as long as the Hedgie spends the money and does not hoard it, it provides some serious economic benefit to many of the common folk. It's like redistribution in a sense, gathering it in from the Government (who prints it or credits it with a press of the "Send" button) in the form of ill-disguised trillions in bonuses that Lord Blankfein and Dickie Fuld paid themselves.

[blindman]

http://www.youtube.com/watch?v=7SKGIwsXuA0

"burn on big river, burn on."  r.n.

.

http://en.wikipedia.org/wiki/Mahatma_Gandhi

.

The Indian classics, especially the stories of Shravana and Maharaja Harishchandra from the Indian epics, had a great impact on Gandhi in his childhood. The story of Harishchandra, a well known tale of an ancient Indian king and a truthful hero, haunted Gandhi as a boy. Gandhi in his autobiography admits that it left an indelible impression on his mind. He writes: "It haunted me and I must have acted Harishchandra to myself times without number." Gandhi's early self-identification with Truth and Love as supreme values is traceable to his identification with these epic characters.^[6][7]

^.

^{@"we are all greedy and selfish".  no we are all limited and some become stupid and parasitic}

^{and then take over and demand everyone's attention and allegiance through their association}

^{and false identification with corporate or governmental affiliation/disembodied position.} 

^.

^{this conversation on cnbc is typical chaos and bullshit portrayed as debate and infotainment.}

^{garbage sold as something better,  it isn't better, it is noise and incoherent grandstanding.}

^{as in, let's discuss western civilization in 30 seconds, ding, we have a winner!  great show bob,}

^{see you tomorrrow.}

^.

^{very few people today could wear his dirty "diapers".  that didn't sound right but i think you}

^{know what i mean.}

^{chaotic sound bites bitches.  the medium is the message.}

[Real Estate Geek]

I find it difficult to characterize as "greed" Main Street's problems competing with Chinese peasants who slave in factories without pollution controls.

[blindman]

and some cannot differentiate the greed associated with

destroying a nation for profit and the desperation that drives

one into an inflated fed created debt market to have/provide a roof

over your head for one's self and / or family.  actually all

this free market global investing is just a mix of fascism,

corporate control of government and communism,  "stolen" labor,

exploiting labor on a global scale and murder of locals for resources they

happen to be born near,  all very respectable and necessary if you

are sufficiently fragmented and propagandized in your thinking.

we are at a crossroad with regards our consciousness,  we might never

get there,  we may remain fragmented and deluded and distracted till

the end. 

sound bites bitches.  the medium is the message.

ps.

end the fed!  

pps. great conversations above...thanks 

[blindman]

@"we are all greedy and selfish" ..

should be..

"we are all needy and shell fish".

.

it's a joke.?  ok?

i become confused when groups of people speak glibly and

really fast concerning very profound subjects, especially when

there are frequent interruptions.  two people speaking

like this at the same time is enough to make one wish they

were deaf.  or at least having their cable t.v. or whatnot

disconnected. 

.

hysteric psychological fragmentation and sound bites bitches.

[francismarion]

MsCreant is on to something with her term 'collective consciousness' describing the flow of thought here.

It is a deeply fractured,  pathological consciousness but it seems to reflect the larger reality of society.

'Splain more, MsC. 

[MsCreant]

Collective consciousness is the amalgamation of the shared beliefs of the average citizen in a group. 

This fracturing you speak of also has a term, called Anomie, which is the lack of connection to the collective consciousness. We are in a state of Anomie in this country because we lack cohesion with each other and a stable set of beliefs about what is normal.

http://en.wikipedia.org/wiki/Collective_consciousness

[blindman]

"the medium is the message." m/m/

in the sixties the mass media was in it's infancy coinciding

with an adolescent demographic "pulse", baby boom.   there were a limited

number of t.v. stations, channels.   journalism was dynamically responding

to the advancements in technology and the increasing global

influence of the usa, marketing and the dollar as a world currency. 

we saw the  confluence of these forces impacting on the minds of

a generation, rich beyond the dreams of any living soul that had ever

lived on this planet.  as has been said the average american had

more at his/her disposal than kings and queens of prior centuries.

but the interesting thing here is the common mind set or informational

base that this generation "internalized".  keyword being commonality, through

limited but advancing and globally informed/aware media.  information, commonality

and limited but growing.  my point is that this allowed for, made possible, a

coherent and common point of protest or rebellion.  critical discernment and

the liberating "madness" that follows.  the 60's collective consciousness.

today there is no commonality of information,  the choices alone are

overwhelming and the control of information has become tremendous. 

people can choose what information, style and substance, they are

exposed to, for a price of course.  there must be a calculation that has

been made where it is determined what percentage of the population

need be aware of any malfeasance before outrage manifests and the

dissemination through media outlets of offending information as a

function of possible sources of information available is calculated.

increase the number of tailored outlets of information and entertainment

and collective consciousness becomes controlled, as in the critical number

of people being exposed to significant information becomes reduced to

a number that is below the threshold required for societal outrage.  ...

the medium is the message and it can be controlled so the machine,

android meme, is not disturbed.  this is critical because persons of a class

have been educating their young to exploit this ethereal realm, finance,

on the back of the real economy and outrage and protest of injustice

and immorality, etc. are as flies in the ointment, so to speak. 

anyway, the point is the individual can no longer find commonality

with any significant, in terms of the media, group as today's individual

is in a state of perpetual development.  see higher education for seniors.

( funny )..

but seriously,  collective consciousness had to do with talk,  words.

human interaction via family and conversation.  voices in your head.

stories and tales of all kinds.  songs.  gods ..etc..  metaphors, metaphors and

metaphors.  becoming science!  . ....  . . . ..

commonality of experience..      now    ... . . . . . . .

"no one speaks english and everything is broken" . t.w. ( you know the tune )

  aka tom traubert's blues (two sheets to the wind in Copenhagen).

twiter, smitter, e mail she mail, blog o' text, channel satellite cable

blackberry ilink tell me no more lies  brought to you by our sponsor .....

the fed.  but ..

kobe beef asked the question,  is there a  human force behind it all ??????

is the corporate , global evolution subject to human intervention?

speaking of collective consciousness.  

i have my own personal views on this.

[Herry12]

I found lots of interesting information here. I love zerohedge.
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