4598309

Welcome to the Plutocratic States of America

September 25th, 2008 08:44 AM

Another guy on a forum I regularly visit posted this link to Kucinich's opinion on the issue and I think it's dy-no-mite!

kucinich.us - Protecting the public interest in any economic "bailout"

"The double standard is stunning: their profits are their profits, but their losses are our losses."

So, democracy and economic freedom has been a joke all along.

I almost want to stand up and sing God Bless America.

4598318

Re: Welcome to the Plutocratic States of America

September 25th, 2008 08:51 AM

Wow! I agree with you on something. This whole thing makes me sick.

I like how Bush and others are saying if "we" the taxpayers don't bail them out the Country could go into a depression for the next 10-20 years

4598371

Re: Welcome to the Plutocratic States of America

September 25th, 2008 10:08 AM

The government needs to let go and let things work themselves out. Yes that will mean that people will lose their homes, banks will go under, and CEO's will loose their high salaries. However in the end we will end up better off.

People have to lean to live within their means. If that means as a CEO that you can't have a private jet, then just fly first class.

The US does have a system of welfare for the rich, and rich don't need any kind of welfare. To some loosing a few million dollars is nothing to them. For most of us, loosing $100 is a big deal. The rich have their position in the world: A base of funding for business.

4598429

Re: Welcome to the Plutocratic States of America

September 25th, 2008 10:49 AM

Certainly the rich and poor will always exsists, and I think it is even unfair to try to use government to balance that out, but it is even worse to try to "help" the rich, when they don't need it. I agree with Pethegreat, that our capitalist system tends to be self regulating, so long as a few minor rules (breaking up of monopolies and such) are enforced. The more the government tries to help the worse the wound gets, eventually their bandages can't do anything more, and the economy collapses. Better a recesion now than a depression later.

4598447

Re: Welcome to the Plutocratic States of America

September 25th, 2008 11:01 AM

**cough** oil companies....

4598458

Re: Welcome to the Plutocratic States of America

September 25th, 2008 11:06 AM

Oil companies are not technically considered monopolies. One and one company alone does not hold a massive majority of the market. You have shell, gulf, BP, exon-mobil, and dozens of smaller oil companies. The oil companies would fall into a cartel since there is little competition between them.

Microsoft is an example of a monopoly. They hold something like %90 of the operating system market.

4599263

Re: Welcome to the Plutocratic States of America

September 25th, 2008 06:40 PM

The problem is that there's so much cheap and easy credit floating around, that there's no incentive for anyone you use money wisely when more can be borrowed. That goes for all levels of society, but those living meal to meal learn much quicker that you can't go on spending more than you aern for very long.

Unfortunately, it seems, the higher up you get, the stupider you become, as the links between action and consequence become more and more distant. As I said in my earlier thread So, the economy.... the ensuing socialism for the rich means the ones that caused the problems will be off scot free, while the people that pay the burden of bailing them out also get the full brunt of the mess.

4599306

Re: Welcome to the Plutocratic States of America

September 25th, 2008 07:18 PM

I was semi-joking, however think of this... If your drilled your own oil, refined it and sold it for $1 a gallon...How long you think you would last(even breaking even or a small profit)? I bet companies like Exxon would find a way to put you out of Business.

4599317

Re: Welcome to the Plutocratic States of America

September 25th, 2008 07:27 PM

Actually, the market would be what put you out of business. A small entity wouldn't have the massive resources necessary to drill for, transport, refine, transport some more, bury in the ground, and pump out. Even if you could theoretically have the resources to get a single station running, you wouldn't sell enough to turn a profit, especially at a dollar a gallon.

4599412

Re: Welcome to the Plutocratic States of America

September 25th, 2008 08:25 PM

Da...Da..Da. Another bites the dust!


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