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Guest Post: Spreading The Wealth Around

Tyler Durden's picture





 

Submitted by John Aziz of Azizonomics

Spreading The Wealth Around

Under Obama, corporate profits have soared to all-time highs:

Rentiers are doing better than ever; rental income has exploded and almost doubled since the recession (bubble-watchers — this is a huge one):


Yet employment still hasn’t recovered:

Income inequality under Obama has grown at a faster-rate than under Bush or Clinton:

All that debt Obama acquired, and all the stimulus did work to redistribute wealth and income — it worked to redistribute wealth and income toward the well-connected crony capitalist groups that funded Obama into office.

Obama can talk all he likes about cutting taxes for the middle class; the data shows who Obama’s redistribution policies have overwhelmingly favoured.

Of course, leftists and statists often end up favouring the super-rich. That’s been the underlying reality of communism — politburos, bureaucrats, technocrats, party members all benefit at the expense of everyone else (in spite of all that proletarian rhetoric).

Inviting the state to carve up national income and redistribute it is an invitation to corruption, and graft. Obama talks an updated version of the old communist rhetoric about redistributing wealth to the working class — he even adopted Stalin’s slogan “forward” — yet just like Stalin the reality of his policies is more wealth for the richest and most well-connected. What a surprise.

He continued and expanded the Bush bailouts of failed companies. He reappointed Ben Bernanke, who has hovered in his helicopter above Wall Street throwing out money to the well-connected rentiers and corporations. And his stimulus package went to his own donors like Solyndra who frittered away the loans he guaranteed.

That’s been the reality of “spreading the wealth around”. When will we wake up?

 


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Sun, 06/10/2012 - 15:47 | Link to Comment Bob
Bob's picture

Indeed and you're a sterling example of that for at least the 2 1/2 years that stick in my mind since our first encounter. 

Props for the skirmish you endured on the Trayvon scandal, btw . . . that was real class.

Glad to see you back more often once again.

Sun, 06/10/2012 - 15:49 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Whenever I smell a Zimmerman my nostrils flare. It's damn near Pavlovian.

Sun, 06/10/2012 - 19:16 | Link to Comment Jendrzejczyk
Jendrzejczyk's picture

Must second this comment Crockett. Kudos for holding your ground on that one.

Sun, 06/10/2012 - 14:06 | Link to Comment Cathartes Aura
Cathartes Aura's picture

.

like the third world that cross our borders to lower our wages and living standards...

those "1%" would prefer you use the term "equalise" going forward, and "they" thank you for your. . .contributions.

 

Sun, 06/10/2012 - 18:45 | Link to Comment GMadScientist
GMadScientist's picture

Why can't the people paid to make the bridges afford to drive on the bridges?

(excepting the ones that Repugnicant's have decreed will be made by Chinese that is)

 

Sun, 06/10/2012 - 11:55 | Link to Comment malek
malek's picture

Still haven't gotten over the realtors' brainwashings, that being a renter is automatically and always bad thing?

Sun, 06/10/2012 - 13:19 | Link to Comment F. Bastiat
F. Bastiat's picture

I suspect the correct term is indentured servitude; the "journalists" are simply too cowed to use it.

Sun, 06/10/2012 - 14:54 | Link to Comment kekekekekekeke
kekekekekekeke's picture

yeah I was going to say, I'm part of that generation but pretty damn content with renting!

Mon, 06/11/2012 - 02:46 | Link to Comment CaptainObvious
CaptainObvious's picture

I remember the freedom of renting fondly.  When I switched jobs, it was a simple matter of finding a new apartment and paying the security deposit with the refunded security deposit of the previous apartment.  When my next door neighbor refused to stop blasting death metal at 3:30 in the morning while us working folks were trying to get some fucking sleep, it was a simple matter of finding a new apartment, etc. etc.  When my landlord decided to raise the rent by $200 because his daughter was getting married, it was a simple matter of finding a new apartment, etc.

I've been a homeowner for a long time now, and damn I miss that freedom.  Now when I switch jobs, I have to budget an extra $100 for gas for the commute.  When I tell the neighbor to stop blasting that awful music, he lets his dog crap on my lawn.  When the locals decide to raise property taxes yet again, I gotta bite my tongue and pay it.  If I had it to do all over again, I would have bought PMs with the money I saved from not owning and I'd be retired today.  I'm not really a homeowner anyway...as long as I have to pay property taxes, I'm still a renter, just with a much bigger bill, and I have to fix my own damn dishwasher.

Sun, 06/10/2012 - 13:17 | Link to Comment F. Bastiat
F. Bastiat's picture

Indentured servitude; no doubt about it.  If it's any consolation it's not all your fault - the destruction of Western/Christian morality has been ongoing for about a century.

Sun, 06/10/2012 - 14:08 | Link to Comment Cathartes Aura
Cathartes Aura's picture

when was the height of "Western/Christian morality" and what came prior to this?

Sun, 06/10/2012 - 14:21 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

I seem to recall that it was on a cloudy Wednesday afternoon and that it came right after lunch. I think I had chicken.

Sun, 06/10/2012 - 14:34 | Link to Comment F. Bastiat
F. Bastiat's picture

The height was probably the late 18th and early 19th centuries.  Certainly, the Constitution of the States United was drafted during that brief pre-Simonian, pre-Rousseauean, pre-Marxian window of opportunity.  Despite the grudges of the primitives who attack it from within, America is truly a blessed nation.  Will it remain so?  Doubtful; balkanization seems a more likely scenario due to the seemingly inability of the Republic to deal effectively with those who attack it from within.

Sun, 06/10/2012 - 14:54 | Link to Comment kekekekekekeke
kekekekekekeke's picture

glory daze

Sun, 06/10/2012 - 15:41 | Link to Comment Cathartes Aura
Cathartes Aura's picture

so you're limiting your view to the east coast of a fledgling amrka, okay.

the time period was one of slaughtering the indigenous peoples, importing others for slave labour, and expanding "westward ho" - this is the height of "western/christian morality"?

these things, they're just stories told, repeated, glossed over. . .

Sun, 06/10/2012 - 15:41 | Link to Comment F. Bastiat
F. Bastiat's picture

Anglo saxons didn't invent slavery, doofus - they ended it. 

Sun, 06/10/2012 - 18:47 | Link to Comment GMadScientist
GMadScientist's picture

No, they just moved it overseas so it wouldn't frighten the womenfolk.

 

Sun, 06/10/2012 - 19:32 | Link to Comment Cathartes Aura
Cathartes Aura's picture

I did a quick search for you, "anglo saxon slavery"

http://duckduckgo.com/?q=anglo+saxon+slavery

but hey, weren't we talking "western christian morality"?

Mon, 06/11/2012 - 07:33 | Link to Comment prole
prole's picture

As I said I knew the Commie would show up in droves to defend their God and you (all) aren't dissapointing.

Also notice how the heckling comes from these stateless, sexless troll/droids.

OK so you say Western Christian man is just Jerry Sundusky Child molester writ large? And you are perfect BTW? If you aren't white, are you black? are you non human? Obviously you are perfect, you can judge others from a position of pure grace.

Mon, 06/11/2012 - 02:49 | Link to Comment CaptainObvious
CaptainObvious's picture

You own a cellphone, perchance?  Slave labor built it.  Anglo Saxons didn't end slavery, they just moved it overseas so it wouldn't upset the wimminfolks.

Sun, 06/10/2012 - 14:41 | Link to Comment F. Bastiat
F. Bastiat's picture

.

Sun, 06/10/2012 - 20:24 | Link to Comment Jendrzejczyk
Jendrzejczyk's picture

Good point.

(Apologies, resistance was futile).

Sun, 06/10/2012 - 20:26 | Link to Comment Jendrzejczyk
Jendrzejczyk's picture

.

Sun, 06/10/2012 - 18:56 | Link to Comment GMadScientist
GMadScientist's picture

This presupposes the very existence of a Western/Christian morality; we've yet to see it entered into evidence while the discovery phase has revealed centuries of killing justified by the very "morality" on which you purport to rest your case.

Let's not forget that everyone in WWII with the exception of the allies on the eastern front and those on the receiving end of atomic weapons were Western Christians. All those native Americans: slaughtered by Christians with "blood atonement" and genocide positively dripping from every page of their "holy" books. All that "we're gonna show those savages in the Phillipines how to be civilized" rhetoric.

When I see a president that isn't from one of two factions of your idiot cult, then I'll worry about Christianity being "under attack". Until then, it's the most subsidized, vaunted, and loudest political distortion machine that's ever existed.

Onward Christian Soldiers! Get off my fucking lawn!

http://www.youtube.com/watch?v=moPY9_wqH-8

Mon, 06/11/2012 - 02:47 | Link to Comment SeattleBruce
SeattleBruce's picture

"Let's not forget that everyone in WWII with the exception of the allies on the eastern front and those on the receiving end of atomic weapons were Western Christians....All those native Americans: slaughtered by Christians with "blood atonement" and genocide positively dripping from every page of their "holy" books."

Given that massively and conveniently broad definition for "proving" your point, you haven't figured out what a Christian is, have you Mad?  When you do, get back to us about your "history" lessons and hyperbole.  While you're at it, lets do a running count of how many hundreds of millions those brilliant, enlightened secular atheists have killed (who've clearly seen the light about the 'idiot cult') compared to the 'religious genocides' and 'blood cults' you rail on about.  I won't hold my breath waiting...

 

 

Sun, 06/10/2012 - 10:41 | Link to Comment mcguire
mcguire's picture

this growing disparity of weath is a classic hegelianism.. note that OWS is tied to Lucis Trust/Soros, etc.. 

http://lalternativaitalia.blogspot.com/2011/10/lucis-trust-behind-occupy...

they work it from both sides.  ordo ab chao... 

the chaos part is coming. 

Sun, 06/10/2012 - 10:39 | Link to Comment New_Meat
New_Meat's picture

well, that, plus the various food stamps, farm subsities, subsidies to non-farmers who claim some grievance...

And Mme. Piven sits, knitting.

- Ned

Sun, 06/10/2012 - 10:50 | Link to Comment nmewn
nmewn's picture

Indeed...and we were called delusional, paranoid "rightwing whackos" for bringing it up not more than three years ago.

Well now, not so much, those monied class academics sure proved us wrong ;-)

Sun, 06/10/2012 - 16:41 | Link to Comment New_Meat
New_Meat's picture

paranoids CAN have enemies ;-0

Sun, 06/10/2012 - 18:57 | Link to Comment GMadScientist
GMadScientist's picture

Their behavior often guarantees it!

Sun, 06/10/2012 - 20:52 | Link to Comment nmewn
nmewn's picture
“You have enemies? Good. That means you've stood up for something, sometime in your life.”-WC
Sun, 06/10/2012 - 22:27 | Link to Comment GMadScientist
GMadScientist's picture

Or you were merely singled out...for...I dunno...standing on someone else's precious resources.

Mon, 06/11/2012 - 17:19 | Link to Comment nmewn
nmewn's picture

Indians were drilling oil wells and mining coal?

(From yours above) 300 hundred an oh-z...holy crap!...I'm in the wrong biz ;-)

Sun, 06/10/2012 - 10:41 | Link to Comment markalpha
markalpha's picture

This article completely ignores two things. 1. The President inherited a terrible market, in which housing had already collapsed. This means no matter who got into office the numbers of renters would have increased. 2. The President hadn't been able to pass any of his bills because Republicans veto everything. they even veto their own ideas if the presidents supports them. I think republican  members of congress should be locked up for preventing our country's progress so they can gain the white house in November.

Sun, 06/10/2012 - 10:47 | Link to Comment ElvisDog
ElvisDog's picture

pass any of his bills because Republicans veto everything

I realize you're probably a paid employee of Obama 2012, but are you really that stupid that you have forgotten that for Obama's first two years he had filibuster-proof majorities in both houses of congress? He literally could have passed anything he wanted to generate "progress" as you put it. But his performance (in the eyes of at least 51% of the voters) was so bad and Obama did so little good in those first two years that the Dems lost control of the House in 2010.

Sun, 06/10/2012 - 11:16 | Link to Comment markalpha
markalpha's picture

Reply to Elvis dog.

I'm not forgetting that he had the majority in both houses for the first two years. but he spent those two years trying to work with both sides, which turns out to be a failure since they refused to work with him. the only thing he managed to pass is a watered down version of Romney care. I think we should fire everyone that causes the stalemate congress and  place further limits on the amount of time people can serve on the senate and congress. The career politicians are the ones ruining our country its not fair to put it all on the shoulders of an ineffective president. 

Sun, 06/10/2012 - 11:28 | Link to Comment ATG
ATG's picture

Thoughtless voters, rigged elections and government monopoly media ruining our country with Mad Men... 

Sun, 06/10/2012 - 12:56 | Link to Comment jcmjr
jcmjr's picture

I like it when there is a "stalemate" in congress. When these fuckers legislate we get: TSA, Homeland Security Department, Obummacare, NDAA, bailouts of private companies....and the list goes on and on.

Sun, 06/10/2012 - 13:21 | Link to Comment Pure Evil
Pure Evil's picture

"...its not fair to put it all on the shoulders of an ineffective president."

Finally, someone speaking truth to power

Sun, 06/10/2012 - 14:32 | Link to Comment Lednbrass
Lednbrass's picture

Fire everyone who caused the stalemate? Completely ridiculous and childish. The more that the Federal government is locked down, the happier I am with it.  As far as I am concerned total paralysis is a good thing.

You ignore the reality that there is massive disagreement among the US population regardinbg what this country is and should be.  One group wants a social democracy in the European style, the other want reduced central government and this is greatly divided by region. There is no room for compromise there, they are fundamentally different philosophies. The core of the problem is that the US isnt really a nation in anything but name, we have several distinct regional cultures that would each be better off as their own country. A common language and currency do not make a people.

Like all of the statist left, you want no opposition and would reduce the legislature to nothing but a rubber stamp for whatever strongman has power (as long as he is on your phony "team"- once the other bunch is in office Im certain you would advocate opposition again) and move one step closer to anointing a Ceasar.  The fact that you cannot look at this history of the 20th century and see the massive problems this caused makes me think you are either willfully blind or a true idiot. You certainly have little concept of the purpose of the various branches of government.

 

Sun, 06/10/2012 - 14:42 | Link to Comment F. Bastiat
F. Bastiat's picture

Absolutely correct; gridlock is the single best thing that could happen today.

Sun, 06/10/2012 - 21:07 | Link to Comment jwoop66
jwoop66's picture

After Obamacare is gone.

Sun, 06/10/2012 - 11:25 | Link to Comment SIOP
SIOP's picture

I wish so bad our problems were as simple as rebuplican vs. democrat. Our problems go WAY beyond that trival difference. 

Sun, 06/10/2012 - 12:45 | Link to Comment prodigious_idea
prodigious_idea's picture

You should become familiar with cloture and committe operation before making bold claims like "anthing he wanted" and "filibuster-proof majorities". 
And no, I'm not defending his leadership.  I'll repeat it over and over:  If you're still checking voter registration cards you don't have a fucking clue what you should be worrying about.

Sun, 06/10/2012 - 13:02 | Link to Comment jcmjr
jcmjr's picture

They got around cloture by using reconcilation, requiring only a simple majority to pass O'care. So, yes they could not be stopped!

Sun, 06/10/2012 - 10:49 | Link to Comment Seize Mars
Seize Mars's picture

You're kind of joking, right? Democrats good, Republicans bad?

Sun, 06/10/2012 - 11:26 | Link to Comment ATG
ATG's picture

Technocrats better.../sarc off;

Sun, 06/10/2012 - 12:53 | Link to Comment Mr. Lucky
Mr. Lucky's picture

Ineptocracy (in-ep-toc'-ra-cy) - A system of government where the least capable to lead are elected by the least capable of achieving, and where the members of society least likely to succeed or even to sustain themselves, are abundantly rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

Sun, 06/10/2012 - 10:52 | Link to Comment Lucky Guesst
Lucky Guesst's picture

I'm so Sick of the word inherited when speaking of Obama. He was a GOD DAMN Senator. He voted for everything that got us here. Tell me one policy that Bush had that Obama doesn't have now!!!!

Sun, 06/10/2012 - 11:26 | Link to Comment ATG
ATG's picture

0Care passed with 16,000 new IRS agents, NDAA with indefinite detention for citizens and posse comitatus violations, National Trespassing Act for citizens exercising First Amendment Rights, while Medicare D for Drugs written by PharmCos for W comes to mind.

D's, R's what's the difference?

Only Constitutional Independent Libertarians worth voting, even after Rand and Ron Paul gave up the ghost:

http://silversenator2012.blogspot.com/

Sun, 06/10/2012 - 11:15 | Link to Comment knightowl77
knightowl77's picture

The "inherited" crowd always ignores that the Dems controlled the House and the Senate and that the Jr Senator voted for the budgets and bailouts that he would later "inherit"....No one gets a pass here, No One....

 

and seriously to complain about repubs vetoing crap is total BS...When Bush was the prez and the dems blocked or tried to block him you applauded and Hilary Clinton claimed that protest and voting No was being "Patriotic"...Now your moron is in charge and you want the repubs to rollover....Seriously, if I wanted Dem policies to be the law of the land I would vote for Dems...But I don't and I don't vote establishment clown Repubs that want to play nice and get along....I think Obummer is a dangerous marxist and I want the Repubs to grow a spine and use evry tactic in the book to muzzle the nimrod in the WH

Sun, 06/10/2012 - 13:32 | Link to Comment F. Bastiat
F. Bastiat's picture

Folks tend to forget that the "Critical Race Theory" of Obama, Holder, and Van Jones is simply marxism recast from a "class struggle" into a "race struggle".

That said, the Hawaiian Allende's laziness and detachment are two advantages that we have. 

Frankly, the guy seems more interested in auditioning for Hollywood roles to transition to after his occupation of 1600 PA avenue ends.

 

Sun, 06/10/2012 - 12:39 | Link to Comment batterycharged
batterycharged's picture

@lucky   

Obama = Bush

No argument here. Same tax cuts for the rich. Same guantanamo. Same military policies. Sam love for the wealthy.

This article is a joke, assuming Obama is anything different than the super-rich lover that Bush was.

We haven't had a true left-wing candidate in a long time. The Reagan revolution has made that impossible. And how did that work out?

Shit, even Clinton/Gore ran on NAFTA!!  That was their baby! And then they made China favoUred-nation and destroyed the line between banks and investments.

This article is complete rubbish. The policies of the RIGHT have destroyed this coutnry, destroyed the middle class....how long will people continue to believe in this shit about FREE MARKETS? 

I mean how ironic is it that now someone even has the balls to blame socialists (a political non-factor in the USA) for the shitstorm we have??

Oh yeah, the socialists are why 50% of our income goes to the top 0.01%. Yeah, that's it. It's their fault. Those damn socialists....that don't even fucking exist.

Either the author is an idiot or extremely adept at manipulation. MORE MONEY FOR THE JOB CREATORS!

Sun, 06/10/2012 - 12:50 | Link to Comment prodigious_idea
prodigious_idea's picture

All Presidents inherit the policies of the previous administration - good or bad.  And we would be naive to think that they wouldn't publicly complain if it didn't compliment their agenda.

Sun, 06/10/2012 - 10:54 | Link to Comment Timmay
Timmay's picture

"THINK!, THINK!, It ain't illegal yet!"

-George Clinton

Sun, 06/10/2012 - 10:56 | Link to Comment mcguire
mcguire's picture

tell cass sunstein we said hi..

Sun, 06/10/2012 - 11:03 | Link to Comment mcguire
mcguire's picture

Cass Sunstein has long been one of Barack Obama’s closest confidants.  Often mentioned as a likely Obama nominee to the Supreme Court, Sunstein is currently Obama’s head of the Office of Information and Regulatory Affairs where, among other things, he is responsible for “overseeing policies relating toprivacy, information quality, and statistical programs.”  In 2008, while at Harvard Law School, Sunstein co-wrote a truly pernicious paper proposing that the U.S. Government employ teams of covert agents and pseudo-”independent” advocates to “cognitively infiltrate” online groups and websites — as well as other activist groups — which advocate views that Sunstein deems “false conspiracy theories” about the Government.  This would be designed to increase citizens’ faith in government officials and undermine the credibility of conspiracists. 

http://www.salon.com/2010/01/15/sunstein_2/

Sun, 06/10/2012 - 11:43 | Link to Comment Miffed Microbio...
Miffed Microbiologist's picture

Wow, just wow. I figured we had a "Joseph Goebbels" somewhere, just didn't know who. Thanks for the info.

Miffed:-)

Sun, 06/10/2012 - 13:20 | Link to Comment F. Bastiat
F. Bastiat's picture

Sunstein is an evil man, no doubt about it.

Sun, 06/10/2012 - 10:57 | Link to Comment nmewn
nmewn's picture

lol...

2. The President hadn't been able to pass any of his bills because Republicans veto everything.

Yeah, because "shovel ready" worked wonders for the economy.

How many votes in the Democrat controlled Senate has any of his yearly budgets recieved lately?...zip...the big goose egg...zero...you know it's off the wall stuff when even Reid or Schumer can't muster the courage to say oh, hell yeah, gimme suma dat!!!

Sun, 06/10/2012 - 12:44 | Link to Comment Reese Bobby
Reese Bobby's picture

Happy Puerto Rican Day!

Sun, 06/10/2012 - 14:50 | Link to Comment F. Bastiat
F. Bastiat's picture

Of course you do.

As Gasset noted in "Revolt of the Masses", the collectivist cares not to give reasons - or even to be right. The collectivist is simply resolved to impose his opinions. And that's the novelty of it. The "right" not to be right. The "reason" of unreason.

Sun, 06/10/2012 - 14:55 | Link to Comment kekekekekekeke
kekekekekekeke's picture

no, he's a fucker and he does not give a shit about you or me or anyone but his puppet masters

Mon, 06/11/2012 - 03:00 | Link to Comment CaptainObvious
CaptainObvious's picture

Mmmmkay, so that's why the Democratic controlled Senate recently vetoed Obama's budget unanimously, right?  Because those durn Republicans did it, it was all their fault!  Lock those bastards up right now!  </sarc>  Maybe Obama's bills were halted in their tracks because they suck just as bad as his budget did.

I think we should only lock people up who violate the rule of law, just as it is laid out in the Constitution of the United States.  Locking people up for disagreeing with you is more of a Stalin or Hitler kind of government.

Sun, 06/10/2012 - 10:44 | Link to Comment IMA5U
IMA5U's picture

Obama is stylish

 

He supports the trendy causes

He's black

He supports gays

He likes basketball

He has Hollywood and the fashion community behind him

Rappers and musicians like him

He uses Facebook and twitter effectively

He is in touch with what is all that is "right and liberal."

Which in turn he uses to cloak his strongman Chicago machine style politics.   He helps the crony capitalists and snuffs out all that can read a balance sheet or can think outside the Democrat box

We are being Occupied by The Ultinate Con Man -- The Obamanation

Sun, 06/10/2012 - 11:21 | Link to Comment ThisIsBob
ThisIsBob's picture

He's not black.

Sun, 06/10/2012 - 12:41 | Link to Comment francis_sawyer
francis_sawyer's picture

He's just auditioning to be the first permanent male cast member of "The View"...

~~~

America bitchez... Fuck yea!

Sun, 06/10/2012 - 13:21 | Link to Comment F. Bastiat
F. Bastiat's picture

Well, technically Bill Clinton was the first black president.

Sun, 06/10/2012 - 19:37 | Link to Comment Cathartes Aura
Cathartes Aura's picture

((pssssstt: yer "sides" are showing. . .))

Mon, 06/11/2012 - 07:41 | Link to Comment prole
prole's picture

Which "side" are you on?

Sun, 06/10/2012 - 12:45 | Link to Comment Reese Bobby
Reese Bobby's picture

On the positive side, he watches a shit-load of TV.

Sun, 06/10/2012 - 10:50 | Link to Comment Eally Ucked
Eally Ucked's picture

At least the guy has somebody to blame:

"Of course, leftists and statists often end up favouring the super-rich. That’s been the underlying reality of communism — politburos, bureaucrats, technocrats, party members all benefit at the expense of everyone else (in spite of all that proletarian rhetoric)."

There is not (and never been) more refined system of transferring wealth to the elite that the one which exists in US for decades. Whatever Obama says ("Inviting the state to carve up national income and redistribute it is an invitation to corruption, and graft. Obama talks an updated version of the old communist rhetoric about redistributing wealth to the working class — he even adopted Stalin’s slogan “forward” — yet just like Stalin the reality of his policies is more wealth for the richest and most well-connected. What a surprise.") and does is different story.

Sun, 06/10/2012 - 11:43 | Link to Comment ATG
ATG's picture

Just look at what the food stamp President did for the UAW, Canadian and Ontario governments with GM remnant after stiffing creditors and employees while mouthing "save the middle class jobs" platitudes:

http://www.youtube.com/watch?v=RDGsNml6RVg  5:50t

Sun, 06/10/2012 - 12:03 | Link to Comment malek
malek's picture

You might need to elaborate a little more on "refined system of transferring wealth to the elite"

In which way more refined?
If you mean it transfers wealth to the elite while not bleeding the working class completely dry, leaving them neither starving nor living in abject poverty - you might be right.

Sun, 06/10/2012 - 10:51 | Link to Comment Seize Mars
Seize Mars's picture

By the way, can someone please explain the second graph, labeled "Rental Income of Persons with apital Consumption Adjustment?" I don't think I understand this one.

Thx

Sun, 06/10/2012 - 12:48 | Link to Comment Reese Bobby
Reese Bobby's picture

Sure: Google

Sun, 06/10/2012 - 10:57 | Link to Comment ATG
ATG's picture

Politicians generally re-elected by dancing with the company, foundation or union that bought them.

An exception:

http://silversenator2012.blogspot.com/

Sun, 06/10/2012 - 11:06 | Link to Comment blackbeardz
blackbeardz's picture

divide and conquer. left right, black white, conserve or growth, its all part of the plan to keep the masses under control. the family unit was the last part of the puzzle, but it doesn't work when two incomes are needed just to survive the debt burden that has been ALLOWED to develope BY THE STATE. macro, micro.

Free trade, globalization was  a corporate scam to take the middle down, lobbyist own the gov. vote for crazies and shun the mainstream, my only solution.

Sun, 06/10/2012 - 11:08 | Link to Comment glock19
glock19's picture

I think the masses of come to realize that gov't just can't spend 50% more than it takes in for a prolonged period of time.  Families know they cannot do it because they have lived the consequences since the financial crisis...and they are now conviced govt cannot do it either or there will be dire consequences.  It is both R's and D's fault as they both have spent and spent.  Their is only one way out of this and that is to take more money out of govt hands and let people keep more of their own money...and let the market work.  It will likely cause the great reset, but more govt can't solve the problem...it is the problem.  We must starve the beast.

Sun, 06/10/2012 - 12:21 | Link to Comment Marco
Marco's picture

Yes, a reset is needed ... but a deflationary spiral which hands the 0.1% all the debt encumbered assets in the economy (ie. almost everything) is not a reset. If you go that way you only starve one beast to feed another, the beast of revolution.

Sun, 06/10/2012 - 11:08 | Link to Comment tony bonn
tony bonn's picture

john - this was a super article - nice visuals and modest length......

i have long stated that obama is a sock puppet for the plutocrats and george bush's twin brother....never listen to a politician - always watch his actions.....if you watch the indonesian and the plutocrat of this year's election, you know we are more fucked than we have ever been.....america is a nazi totalitarian state whose leaders are quickly consolidating power....

Sun, 06/10/2012 - 11:26 | Link to Comment razorthin
razorthin's picture

Now that the Pauls have caved, nothing left to do but vote Johnson.

Or not vote - same likely outcome.  But at least one can send a tallied, anti-statist, anti-corporatist message.

http://www.youtube.com/watch?v=2X3QRSIXgns&list=HL1339341723&feature=mh_...

Sun, 06/10/2012 - 12:38 | Link to Comment ATG
ATG's picture

What's the point of sending a message when the entire edifice is collapsing?

Better to get elected one good electable candidate at a time to drain the DC swamp .

Run for our lives:

http://silversenator2012.blogspot.com/

Sun, 06/10/2012 - 12:50 | Link to Comment Reese Bobby
Reese Bobby's picture

One trip to the Ministry of Love turned Rand Paul pretty quick...

Sun, 06/10/2012 - 13:39 | Link to Comment Pure Evil
Pure Evil's picture

One has more influence with the Captain concerning the direction of the ship of state if one is still located on the bridge as opposed to being locked up in the brig.

Sun, 06/10/2012 - 14:48 | Link to Comment Cathartes Aura
Cathartes Aura's picture

keep those plates spinning!!    don't let them stop!!   

your whole world depends on keeping the plates spinning!!!!!

 

Sun, 06/10/2012 - 11:24 | Link to Comment markar
markar's picture

Oligarchy to Obama: "Heckuva job, Brownie. Now move along, your work here is finished."

Sun, 06/10/2012 - 11:37 | Link to Comment denny69
denny69's picture

Oh, I understand now: If leftists are elected or somehow used in an administration corruption and graft would appear. Hmmmm, it doesn't matter who's 'working' in government these days, they're all after our wealth. I don't care a whit about Mr. Obummer. In fact, he's as distasteful to me as he is to you; but graft and corruption, if you haven't noticed and obviously, you haven't, are already rampant in government and business and it has been that way for quite a long time. Let Obummer ramble on; but all I see is the redistribution of our wealth to those who already have most of it, both republicans and democrats and their money waving supporters. Don't drag up dead horses when the live ones are running wild behind the flag and the 'free' market mirage.

Sun, 06/10/2012 - 12:04 | Link to Comment epwpixieq-1
epwpixieq-1's picture

Well come to the Real World ( as Morpheus says ). Ones you realize that the ENTIRE financial system is actually is just doing a pure REDISTRIBUTION of wealth, and "trying" to hide the risk associated with that, you will see the light.

The TRUE wealth creators (builders) are actually a small percentage of the entire population, everyone else is feeding on this wealth, and I am not talking about the financial profession only, legal services and so on. Everyone who is not producing anything, we can go without for about 30 days ( what can you go without for 30 days it is a quite interesting question, I am not including any work related things here ), is feeding on this wealth and benefits, in one way or another, on the redistribution schema. Of course, the most powerful in this wealth redistribution chain, will benefit the most, an so down the chain.

Sun, 06/10/2012 - 11:40 | Link to Comment DarkestPhoenix
DarkestPhoenix's picture

As far as the rental income being in a "bubble", one of the reasons it's exploded has to do with vacancy rates.  I own quite a few apartments, and I can tell you that the expected vacancy is around 15%.  However, without really trying too hard, the last three years my vacancy has averaged below 3%, with one of those years under 2%.  That's unheard of.  Higher demand has allowed us to up what we charge for rent another 10% or so.  Anyway, I'm just trying to make the point that at least 25% of that increase can be expained away through vacancy reduction and what I would call "legitimate" price increase.

Sun, 06/10/2012 - 14:51 | Link to Comment Cathartes Aura
Cathartes Aura's picture

we thank you for your hard work.

Higher demand has allowed us to up what we charge for rent another 10% or so.

and for your 'honesty" in putting quotes around "legitimate"

I'm just trying to make the point that at least 25% of that increase can be expained away through vacancy reduction and what I would call "legitimate" price increase.

amrka! fuck yeah!

Sun, 06/10/2012 - 11:57 | Link to Comment tlnzz
tlnzz's picture

"We the People" will only wake up when their daily routine lives are disrupted.

Sun, 06/10/2012 - 12:52 | Link to Comment Reese Bobby
Reese Bobby's picture

That's why the internet is rarely disrupted.

Sun, 06/10/2012 - 12:01 | Link to Comment Snakeeyes
Snakeeyes's picture

Now you understand why HUD Sec Shaun Donovan loves to promote renting. His family made a fortune in NY multifamily and it plays to their Agenda 21 love of herding people into cities to rent.

http://confoundedinterest.wordpress.com/2012/06/10/housing-rental-bubble...

Sun, 06/10/2012 - 12:05 | Link to Comment balz
balz's picture

Obama, a leftist ? That's one of the stupidest thing been said here. Anywhere in the world but in the US, Obama would be considered been at the right...

Sun, 06/10/2012 - 12:53 | Link to Comment Reese Bobby
Reese Bobby's picture

Obama = Romney = Clinton = Bush.  Capisce?

Mon, 06/11/2012 - 07:45 | Link to Comment prole
prole's picture

Agreed. A bunch of leftist Commies.

I'll add that they also share an allegiance to a country which is not the "USA"

(It is the country to where they send the lion's share of the loot/taxes)

Sun, 06/10/2012 - 13:09 | Link to Comment Harbanger
Harbanger's picture

"Anywhere in the world but in the US, "  Then you have to agree that the US is exceptional.

Sun, 06/10/2012 - 13:10 | Link to Comment Monedas
Monedas's picture

We live in a "Left Of Center" world !  There are no Libertarian, Capitalist countries....name one !  Obama is a leftist....and the US is slightly left of center at best !    The US on a relative basis is to the right of most of the Socialist shit states which Obama identifies with....however, in absolute terms it is left of center because there is no "right half" to the bell curve of the political spectrum !

Sun, 06/10/2012 - 13:23 | Link to Comment F. Bastiat
F. Bastiat's picture

Mentioned this before, but it's worth repeating - As documented by Igor Shafarevich in his seminal works "Socialism in Our Past and Future" and "The Socialist Phenomenon", there are three main activities of all "socialists" engaged in "socialism":

1. Attacking private property
2. Attacking the family
3. Attacking Christianity

There's little that the Hawaiian Allende engages in that does not fit into one of those three categories.

Mon, 06/11/2012 - 03:11 | Link to Comment CaptainObvious
CaptainObvious's picture

Dude, I'm betting that the "control", "C", and "V" keys on your keyboard are really worn.

Sun, 06/10/2012 - 21:16 | Link to Comment jwoop66
jwoop66's picture

Europe, Asia, S. America, Africa.  All knowing that after overthrowing the current socialist regime they will then form a new socialist regime that will then solve all the problems.  

You're right, but it doesn't say much for the rest of the world.  It is still a valid statement, however.   Obama is a leftist/statist/socialist... whatever.

Sun, 06/10/2012 - 12:21 | Link to Comment batterycharged
batterycharged's picture

1 star.

The first mistake you make off the bat is assuming Obama is communist or statist.

Would a communist appoint Jeff Immelt his job czar?

Obama favoUrs the rich because despite his lies, he is part of the "elite". He's nothing close to a socialist or communist.

So your conclusions are ridiculous because they're predicated on a falsehood to begin with.

Let me guess, you listen to Limbaugh and he said Obama was a socialist? Or was it Glenn Beck?

*rolleyes*

Sun, 06/10/2012 - 13:25 | Link to Comment F. Bastiat
F. Bastiat's picture

Folks tend to forget that Critical Race Theory (CRT) is simply marxism recast from a "class struggle" and into a "race struggle".  The Hawaiian Allende, in all his essentials, is a lazy (CRT) marxist with synapses damaged from too much time in the choom wagon.

Sun, 06/10/2012 - 13:53 | Link to Comment Pure Evil
Pure Evil's picture

Obama is a chameleon interbred with reptillions by the greys to wreck havoc upon human race.

Sun, 06/10/2012 - 19:43 | Link to Comment Cathartes Aura
Cathartes Aura's picture

aww petal, you seemed to have stepped in a meme, and are tracking it all over the thread.

"Hawaiian Allende" eh?  you're reminding me of Freddie's "the Muslim" rant. . .

Mon, 06/11/2012 - 07:48 | Link to Comment prole
prole's picture

Would you prefer "The Indonesian Dog Eater?" I say we go with "The Kenyan Cathartes"

Maybe the "32nd Jewish President"

Sun, 06/10/2012 - 12:23 | Link to Comment vh070
vh070's picture

You only make big money by fucking the lesser privileged.  Big money is about monopolies, fraud and corrupting influence.  They are not particularly good at creating jobs (gardeners, chefs, household help and tax accountants excepted) nor paying taxes.  A tax break for the super-wealthy is non productive.  Jobs are created by people who are hungry to move up, have a bit of money and a smart head on their shoulders.  Any income above 2MM should take a 2/3rds hit, and anything between 1MM and that 1/2 — simply because they must've fucked up some group who are going to consume taxpayer money or become pests in the street.  What goes around should come around.

Henry Ford had the right idea: Pay his workers enough so they could become consumers of his products.  Beggar the lesser privileged and you will get rich but impoverish the nation.  People like Ford are few.  Most of the super-wealthy are pretty ordinary folk blessed by mother luck; they aren't particularly smarter than others.  Given enough rope they will hang themselves eventually.

Although I classify myself as a libertarian, I understand the need for some authority to keep things in balance.  Imagine, if you will, the abolishment of the Food & Drug Administration.  We'd be eating shit and taking poison pills for our ailments.  The FDA is essential.  It doesn't mean they are incorruptible or infallible.  That's another problem.

Sun, 06/10/2012 - 12:55 | Link to Comment Reese Bobby
Reese Bobby's picture

You're weaving all over the road!

Sun, 06/10/2012 - 14:01 | Link to Comment vh070
vh070's picture

Yeah, but it's a fine bottle the cause.

Sun, 06/10/2012 - 14:18 | Link to Comment Harbanger
Harbanger's picture

You "classify" yourself.  But what you say doesn't match.

Mon, 06/11/2012 - 07:51 | Link to Comment prole
prole's picture

If the above poster is a Libertarian who supports the FDA, I am a Cathartes Communist who supports Ron Paul, the free market and individual Liberty

Sun, 06/10/2012 - 14:23 | Link to Comment Hedgetard55
Hedgetard55's picture

"Henry Ford had the right idea: Pay his workers enough so they could become consumers of his products. "

 

     How many times do we have to hear that utter bulshit? It makes no freaking sense economically or financially. Henry paid his foklks an extra grand a year so they could afford a car on which he made maybe $300? He would not have been in business long. If that worked Henry should have just been sending out checks to everyone to buy one of his cars.

Mon, 06/11/2012 - 08:00 | Link to Comment prole
prole's picture

Fool, Henry Ford decided to both INCREASE his workers' pay, and DECREASE the cost of his product, something called a "CAR" which you have probably never heard of either.

He increased his workers pay, because the factories were having a high-turnover rate, ie- the factories were low pay gritty work and so the workers were bouncing from job to job trying to find some decent pay. Snap! Ford voluntarily (without any idiotic/Communistic/Forced "government" mandate etc) voluntarily increased his workers pay, so he payed more than other factories. Boom. His workers stopped all quiting like his competition's workers did, and he was able to keep the best skilled workers.

Lowering the price of his car, allowed him to kick the ass of his competition, and more customers wanted to buy his car because they could afford it.

So the "Utter Bullshit" that you are reviling is also known as "the truth" and "simple historical fact" or "things that make Socialists uncomfortable"

(there was something else about hiring any man who walked in off the street, never doing background checks, and never checking or asking credentials, but I forget if that was Ford, or some other "evil exploiter")

Sun, 06/10/2012 - 14:33 | Link to Comment Disenchanted
Disenchanted's picture

 

 

 

Speaking of Henry Ford he has to have been spinning in his grave, for a long time now, with what has been done in his name at the Ford Foundation.

Sun, 06/10/2012 - 14:58 | Link to Comment Cathartes Aura
Cathartes Aura's picture

you may want to do some research before the internet "breaks" particularly around your sacred FDA.

Imagine, if you will, the abolishment of the Food & Drug Administration.  We'd be eating shit and taking poison pills for our ailments.  The FDA is essential.

because we ARE eating shit and taking poison pills.  right now.   today.

the FDA is Monsanto is the FDA, and many other corporate "investors" that use humans as lab rats for their hellish imaginations.

Mon, 06/11/2012 - 03:16 | Link to Comment CaptainObvious
CaptainObvious's picture

+1 Thank you for mentioning this.  It's astonishing to me how people don't realize that the upper echelons of Monsanto and the FDA and the USDA are revolving door jobs.  Today's GMO producing, super-weed and -insect causing Monsanto executive is tomorrow's we-will-not-label-RGbH-milk FDA honcho.

Mon, 06/11/2012 - 04:35 | Link to Comment Disenchanted
Disenchanted's picture

 

 

 

I'm fairly certain the rest of the 'consumer protection' alphabet agencies operate in the same manner...

Mon, 06/11/2012 - 06:08 | Link to Comment bunnyswanson
bunnyswanson's picture

Factoring in the liklihood of lawsuits in the initial business plan, and adjusting product costs accordingly may be what is happening.

Sun, 06/10/2012 - 12:26 | Link to Comment Alcoholic Nativ...
Alcoholic Native American's picture

Most Liberal President EVA!

 

Sun, 06/10/2012 - 12:57 | Link to Comment Monedas
Monedas's picture

The Socialist Trinity (Socialism, Communism and Fascism) have never failed to impoverish the people and exacerbate the gap between the privileged few and the masses !     Why can't we extrapolate success:      North Korea 95% Socialist and poor !     South Korea 50% Socialist and doing quite well....in spite of the additional burden of having a belligerent neighbor !        South Korea 10% Socialist....imagine there was no Socialism ?       Half the bell curve is missing....the world is playing with one hand tied behind it's back....and it's the good hand !        Monedas     1929       Comedy Jihad Talent Search For The Capitalist Equivalent To North Korea....and it isn't Estonia !

Sun, 06/10/2012 - 13:11 | Link to Comment Alcoholic Nativ...
Alcoholic Native American's picture

It's always good to read your input Monedas.   You are a shining example of what dementia and decades of western propaganda can do to a brain.

God bless you sir, and keep fighting the good fight.

Sun, 06/10/2012 - 14:57 | Link to Comment kekekekekekeke
kekekekekekeke's picture

how dare you Monedas is a poet

Sun, 06/10/2012 - 12:59 | Link to Comment AnAnonymous
AnAnonymous's picture

The story about Obama being this or that is smoke and mirrors.

Take the list of the president from one to now, list all the categories he belonged to.
It could give something like
GWB: born again christian, texan, US citizen, human being

Obama: racist negro, third world avenger, marxist, muslim, US citizen, human being

Nixon: middle class, quaker, US citizen, human being

Kennedy: catholic, Irish, US citizen, human being

Etc

All the presidents will have two common points:

They are human beings and they are proponents of US citizenism.

US citizens explain their presidents'behaviour by every category (including the hapless human nature) but US citizen.

Obama is your typical US citizen president. SO was Bush, Clinton, Bush, Reagan, Carter and so on.

US citizenism at work.

Sun, 06/10/2012 - 14:35 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

 

 

All the presidents will have two common points:

They are human beings and they are proponents of US citizenism.

 

A third similarity: they all have noses.

Sun, 06/10/2012 - 18:00 | Link to Comment Reese Bobby
Reese Bobby's picture

Good point.  Teddy Roosevelt had a runty little snout whereas Obama has a massive flared proboscis.  But technically they are both noses.

Mon, 06/11/2012 - 07:21 | Link to Comment AnAnonymous
AnAnonymous's picture

It is derived from being a human being. That damned human condition. Without it, US citizenism will be so good...

 

Funny how US citizens can not resist their US citizen eternal nature.

Sun, 06/10/2012 - 13:07 | Link to Comment rwe2late
rwe2late's picture

 

Wealth and power go together.

The wealthy hold the reins of government.

Government (bought politicians and administrators) help to transfer ever more wealth and power upward.

Taking away the reins of government will necessarily entail a redistribution of wealth and concomitant power. (The power of landlords cannot be altered without redistributing land and freeing the slaves.)

Will the next government administration be subject to nepotism, corruption, etc.?

Yes. There is no historical endpoint where all problems have been solved.

Permanent revolution? Eternal vigilance?

Should we excuse today's crimes for fear of tomorrow's?

In fact, isn't that the essential justification ALWAYS used to commit the most horrible crimes and murders? We must be terrible today to avoid some feared horrors tomorrow might bring.

In truth, present and future abuses will never end without foregoing the belief that our fears about the future allow us to continue atrocities in the present. For certain, the human mind can always imagine someday something worse than whatever despicable act is committed today.

Sun, 06/10/2012 - 13:17 | Link to Comment roadhazard
roadhazard's picture

The article forgot to mention the repubicans spend as much if not more than democraps and will tell you they have the rich mans back to your face.  Vote repubican, they will save us or at least get a white man back in the White House and we will instantly go from a Socialist country back to Mom and Apple pie wrapped in the flag.

Sun, 06/10/2012 - 15:08 | Link to Comment Cathartes Aura
Cathartes Aura's picture

the way things are sounding about now, voters in stuck in the loop of anyone but "_____" whoever is currently wearing the PrezHat.

if those who pull the strings had the time to allow this to continue to play out, we'd be flip-flopping back 'n' forth between "parties" for a couple decades at least, on the "anyone but" plan. . .

but we're running out of time, so the "party" of left/right/red/blue game entertainment package the citizens have been sold has accomplished the task of keeping voters busy, and soon will be time to pull the rug out from under the current "reality" - it was always the next step, and we're about to see the direction.

I detect sarcasm in your words. . . *nods*

Sun, 06/10/2012 - 13:32 | Link to Comment DalaiLamaInAShark
DalaiLamaInAShark's picture

Could it be that rent is up because there so many more rental properties? People are moving to find new jobs and the are renting in the new location and renting their own homes because they can't sell them.

This article is ridiculous.

Sun, 06/10/2012 - 15:16 | Link to Comment Cathartes Aura
Cathartes Aura's picture

rents are being "artificially" propped up, allowed to rise, because the banks are not releasing "defaulted" houses to market, while landlords are maximising profits due to "demand" of more people needing accommodations - irrespective of whether they're moving for jobs or whatever - demand increases as vacant homes held by banks sit as "assets" on their books.

Sun, 06/10/2012 - 13:46 | Link to Comment Tom Green Swedish
Tom Green Swedish's picture

Obama was is and will always be a liar.  He has no clue what he is doing.  Thanks Obama for giving all the money away over your entire term to the 1 percent.  Thanks very much.

 

America will not succeed until we get a real bunch of politicians.  Until then you can count on this country going down the drain.  The 1 percent will be ok.

Sun, 06/10/2012 - 15:18 | Link to Comment Cathartes Aura
Cathartes Aura's picture

the bunch we have right now are real politicians, as real as it gets.  ask Rand Paul.

systemic fail.

Sun, 06/10/2012 - 13:52 | Link to Comment goforgin
goforgin's picture

You post a decent essay; present number of facts and then draw false conclusions that defy logic! This is how ultimately capitalism works: take from the many to benefit the few. If you really want to know how Progressive policies work, take a look at US from 1930s-1950s during FDR, Truman and Eisenhower administrations---90% tax to redistribute the wealth from the rich to the poorer.

What Obama is doing is tossing FREE money at the rich while allowing them to escape taxation. The tax burden of running large deficits falls on low income people. The social safety net programs paid mostly by the poor themselves and are their entitlement are vilified as WELFARE so they could be STOLEN.

Most programs that the Federal government supports are are designed to transfers funds to the rich. Take nutritional programs like SNAP for example, JP Morgan is making billions from administrating this program. In Afghanistan and Iraq, US troops are followed by an army of private contractors who provide almost all services for profit that the Army used to do and provide for itself.

US government is a wholly owned subsidiary of giant corporations. Most seniors government employees are borrowed private sector insiders on leave from their real jobs. This is crony-capitalism.

While most people consider that debt is a problem and some(out of self-interest) suggest austerity and debt reduction as a solution, they conveniently forget that another name for DEBT is WEALTH CONCENTRATION.

Sun, 06/10/2012 - 14:19 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

Under Obama? Yeh, but how about under George W., Clinton and Bush 1? Let's not leave these guys off the hook. Better said is that Obama continues the rich tradition of serving the rich and well connected.

Sun, 06/10/2012 - 14:19 | Link to Comment Bob
Bob's picture

Does the obsession with defeating "statists" strike anybody else as a sadsack rebranding of the old cold war nonsense about the Ruskies?

Sure, limit government, hell yeah, but is it an inherently evil force?

Seriously?

Sun, 06/10/2012 - 14:43 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

The cold war face off between so called capitalism and so called communism was a deadly game played by statists on both sides. The movement against statism is simply a recognition of the fact that employing force as an organizing principle is neither efficient nor ethical.

If forcing people who are minding their own business to do things against their own judgement, will and interest isn't inherently evil then what is?

 

Sun, 06/10/2012 - 15:20 | Link to Comment Bob
Bob's picture

Well, I think pretending that the power of money can do no harm is pretty evil. 

When I see people who are so damn financially competent as the ZH community objecting on "moral" grounds, to addressing such a fundamental issue of significance, I find it nothing short of bizarre.

Money is power and, especially here, everybody knows it. 

Unfortunately, a superauthority higher than those with money is required to keep their own bad selves in check. 

Power corrupts and absolute power does corrupt absolutely. 

Checks and balances are our only chance.  Yin-yang.  You-Me.  That kind of thing. 

Sun, 06/10/2012 - 15:27 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

 

 

Unfortunately, a superauthority higher than those with money is required to keep their own bad selves in check.

 

If you believe that it's inevitable that foxes will infiltrate the hen house and therefore some especially virtuous foxes must be employed to guard the hen house then I suppose that makes sense. But in reality we are not chickens, we are men. We can voluntarily agree to coordinate resources in order to keep out any and all foxes.

Sun, 06/10/2012 - 15:49 | Link to Comment Bob
Bob's picture

In my dearst fantasies we could and would do that, too. 

But I have learned that my wishes, dear as they are to me, don't mean shit. 

Money does, though. 

C'mon, man!

Sun, 06/10/2012 - 16:38 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

I can work around people with money who want to exploit me more easily than I can work around people with money and a monopoly on the use of force who want to exploit me. Fantasy has nothing to do with it. The slave yearns to be free and has every right to look forward to his liberation. Even if his eventual freedom seems unlikely liberation remains a most legitimate desire.

 

I heartily accept the motto, "That government is best which governs least"; and I should like to see it acted up to more rapidly and systematically. Carried out, it finally amounts to this, which also I believe - "That government is best which governs not at all"; and when men are prepared for it, that will be the kind of government which they will have." -- Thoreau

Sun, 06/10/2012 - 17:05 | Link to Comment Bob
Bob's picture

Damn, I didn't realize he was an advocate of laissez-faire capitalism. 

I guess I've never properly tapped its spiritual depths.

Why do you continue to impose an either-or condition to the argument?

Sun, 06/10/2012 - 14:25 | Link to Comment Disenchanted
Disenchanted's picture

 

 

 

Some of the animals are more equal than the others...

 

it matters not what they are labeled, 'right' 'left' (D) (R) 'communist' 'capitalist' etc. etc..

Sun, 06/10/2012 - 14:34 | Link to Comment tsuki
tsuki's picture

Political blogs that try to explain economics are a waste.  Now, an interesting political/economic post would have been how a staunch, conservative, liberty loving, self-reliant McCain presidency would have differed from a socialist, communist, fascist, pinko Obama presidency.  Who the economic advisors would have been.  How the policies would have been different.

 

Probably, not so much. 

Sun, 06/10/2012 - 15:02 | Link to Comment Harbanger
Harbanger's picture

Nobody thinks of McCain as staunch, conservative, liberty loving or self-reliant.  He's viewed as a Statist.

Sun, 06/10/2012 - 15:53 | Link to Comment Bob
Bob's picture

+1  Funny!  Likewise for Harbanger.

Sun, 06/10/2012 - 14:34 | Link to Comment tsuki
tsuki's picture

Political blogs that try to explain economics are a waste.  Now, an interesting political/economic post would have been how a staunch, conservative, liberty loving, self-reliant McCain presidency would have differed from a socialist, communist, fascist, pinko Obama presidency.  Who the economic advisors would have been.  How the policies would have been different.

 

Probably, not so much. 

Sun, 06/10/2012 - 15:13 | Link to Comment GoingLoonie
GoingLoonie's picture

As it turns out our current President is just another Bush with black skin.

Sun, 06/10/2012 - 15:30 | Link to Comment rosiescenario
rosiescenario's picture

What a surprise....as always, the government is controlled by special interest groups which our professional politicians need to be re-elected. These groups must be pandered to first and foremost. They receive the real rewards while the public receives a never ending stream of verbal bullshit, the advertising of which, has been funded by the special interest groups.

 

The more it costs to run for office and be re-elected, the more power the special interest groups wield.

Until there is a sea change in the system, it is going to get worse.This change will not be brought about by a member of the professional politician ruling class, needless to say.

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