Republicans = Anakin?
Glenn Beck just declared that if Obama is elected, the U.S. will go bankrupt within four years.
This reminds me of a passage I just read in LotR over the weekend that involves predictions: if you see a vision of the future and act to prevent, you will actually help bring it about!
George Lucas must have read this passage at some point.
This reminds me of a passage I just read in LotR over the weekend that involves predictions: if you see a vision of the future and act to prevent, you will actually help bring it about!
George Lucas must have read this passage at some point.
posted by Skew | Tuesday, October 14, 2008
5 Comments:
Actually, I never read LoTR.
what glenn doesnt realize (along with all the other economic experts)
is that the U.S. is already bankrupt.
when times are "good" economically its not because people have money but its because these wall street types project growth in the economy in certain key industries in the future that cause money to go into the market because people expect a return on these investments in the future.
in other words the money is never really real and its all projections given by "experts" on televison in some elaborate smoke and mirrors game.
at least thats how it looks to me.
most people dont make their money in the stock market anyway and the illusion that our economy depends on the stock market is a continued myth promoted by wall street and millionare brokerage firms.
what really matters as far as how well the economy is going is wages versus expenses for the average person in the U.S. and not how well the brokers are doing on wall street.
the two are not as connected as everybody believes.
lets not forget that these traders "make" their money by buying shares for the sole purpose of selling them later for a profit and they really dont produce anything of real value to this country.
wall street is not the economy, they are just one sector of the economy.
and besides all that, glenn beck is just looking to blame a democrat for this mess to protect his beloved republcans from well deserved blame.
typical stuff.
and in all honesty, what does glenn beck really know about the economy?
hes a radio talk show host.
his degree comes from the connecticut school of broadcasting.
Ive been listening to a lot of different talk about the economy on the radio and I dont think anybody really gets it.
are not all of these people who say the economy is bad now the same people who were saying a year ago that everything is going to be fine?
Like I said, what do they know?
besides that every right wing talk show host sees the economy in a very one-dimensional way, lower taxes are good for the economy, higher taxes are bad for the economy.
and they base it all on trickle down reganomics a.k.a. dont tax the rich or they wont buy that third car or eat out in that expensive restaurant.
meanwhile they completely ignore the fact that the waiters and busboys see none of that money, only the owner does and thae cars are not made in this country antmore so there really is no american working on an assembly line getting paid to make that care.
all the money only goes to the owners and shareholders, and they already have money anyway compared to workers, employees and everybody else in the private sector free market.
the economy is bad NOW mostly because the country has been run the way7 people like Mr beck and limbaugh think it should be.
and lets not forget wall street in all of this, basically deindutrializing all of america with every good paying job replacved by low wage retail work because labor is cheaper in other countries.
to be fair both parties are to blame for this.
but do the economic exprts discuss any of this when they talk about the economy?
no.
they are only concerned with the well being of stockholders and investors, which are few compared to the average people who make their money by working.
I think ross perot and others of his ilk have been proven right by history and the present,while the "experts" dont really understand the economy as well as the ignorant layman who cant afford anything.
he knows hes been ripped off by his country, and he knows its the wall street experts who are to blame.
I feel like Ive said all this before, and I dont know what your take on this is exactly but it seems that this crisis isnt even being discussed accurately on radio tv or otherwise.
all they want to talk about is the stock market investors and nobody else.
I dont get it.
I dont get how these people cant see all the problems people are going thru in this country and all they want to talk about is the value of stock shares as if the profits of the investor is what the whole world revolves around.
if everybody else has been losing money for years and it works its way upward to affect the banks and markets, well this was bound to happen because the people in the middle and lower classes dont have any money to spend to prop this market up anymore.
nobody seems to be discussing it from this very common sense perspective.
like I said, I dont get it.
how can all these people not see the obvious?
and to blame this long time coming mess on Obama shows the man's dishonesty or stupidity.
sorry about the misspellings above, I typed pretty quickly without running a spellcheck before I posted.
"working on an assembly line getting paid to make that care."
I meant to say
"working on an assembly line getting paid to make that car."
This post has been removed by a blog administrator.
I voted for Perot in 1992.
My take: Banks and consumers should pay the price for their poor decisions, and not be bailed out by the gov't. Bailouts create moral hazard. Execs and consumers never learn their lessons, and wait for the gov't to save them.
The bailouts have made matters worse, by confirming irrational fears that things are heading to a deep recession.
My economic philosophy is now rendered irrelevent. As a U.S. Citizen, I have no choice but to root for the best, and hope this bailout works fully, even though I disagree with the premise. behind it.
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