Your Government Owes You a Job

[Tom Joad]

Originally Posted by BlueStreak

There will NEVER be full employment. In a Capitalist society it works to the advantage of the employers to maintain a certain level of unemployment, say ~5-6%......it gives them leverage

This is true.

It's exactly what employers want. A buyers market for labor so that workers are so desperate they will take any kind of shit wages.

That's why I advocate more government jobs.

To give workers an alternative, so that the employers have to come to them with hat in hand instead of vice versa.

[4-2-7]

Originally Posted by whell

If the Wall Street Bankslters have F'ed over this economy, then why does Obama keep pumping it with money long after the recession has supposedly ended?

Because the Banksters, Government, Corporations are all one and the same. Until some nitwits get it nothing will change.

[Dondilion]

Originally Posted by BlueStreak

Because the money he gave them went straight to the top and stayed there. They will see to it that that money does us no good until their flunkies are back in power and at better advantage to strip more worker protections, weaken the social safety net and tilt the table further their way.

That would be YOUR party. The party of knee pads and warm towels.

Dave

It is a cycle.

The cycle could have been broken with no bail out. Let them fail!

[mpholland]

Originally Posted by Dondilion

It is a cycle.

The cycle could have been broken with no bail out. Let them fail!

because then our unemployment expenditures would have been higher than our bailout expenditures were, and the "great recession" would have definitely been in depression status. That is why no company should be allowed to get "too big to fail".

[Tom Joad]

Originally Posted by Dondilion

The cycle could have been broken with no bail out. Let them fail!

Tell that to the people who engineered the bailout.

[whell]

Originally Posted by Tom Joad

Tell that to the people who engineered the bailout.

Barry does, I'm sure. Often.

http://www.politico.com/news/stories/1111/67770.html

[Tom Joad]

Originally Posted by whell

Barry does, I'm sure. Often.

http://www.politico.com/news/stories/1111/67770.html

http://www.huffingtonpost.com/robbie..._b_678682.html

President Bush- not President Obama- enacted TARP and signed the Bank bailout into law towards the end of his presidency. And yet a large percentage of Americans believe that Obama is responsible, according to the latest Pew survey:

Only a third of Americans (34%) correctly say the Troubled Asset Relief Program (TARP) was enacted by the Bush administration. Nearly half (47%) incorrectly believe TARP was passed under President Obama. Another 19% admit they do not know which president signed the bank bailout into law. Notably, there is no partisan divide on the question. Just 36% of Republicans, 35% of independents and 34% of Democrats know that the government bailout of banks and financial institutions was signed into law by former President Bush. And Democrats (46%) are just as likely as Republicans (50%) to say TARP was passed under Obama.

How are so many people misinformed about the TARP "bailout"? It's not just Fox-watching Republicans (who are often grossly misinformed by the channel) but Democrats as well. Doesn't anybody check their facts anymore? Or do people just choose the facts that support the narrative they want to believe? Bush bailed out the banks and fueled the greatest Recession in generations. Why blame it all on the guy trying to clean up his mess?

[Tom Joad]

Nearly half (47%) incorrectly believe TARP was passed under President Obama.

That's the same percentage that voted for Romney.

http://www.washingtonpost.com/blogs/...it-47-percent/

Call it irony or call it coincidence: Mitt Romney's share of the popular vote in the 2012 presidential race is very likely to be 47 percent.

[whell]

Originally Posted by Pio1980

Right dude, let's put our trust in Wall Street capitalism and screw oversight.

Sent from my SM-N900V using Tapatalk

If you truly believe that, just give Barney Frank a call. He'll tell you exactly how he did it when he had oversight on the industry.

[whell]

Originally Posted by Tom Joad

http://www.huffingtonpost.com/robbie..._b_678682.html

From my politico post:

According to Reuters, Wall Street accounted for 20 percent of the president’s campaign funds because of a massive cash haul from Goldman Sachs, AIG, Morgan Stanley, JP Morgan Chase, Bank of America and Citigroup.

Now don’t get me wrong. I’m a free market guy when it comes to political contributions. Anyone who wants to raise $1 billion from hedge fund managers should be free to do it, so long as there is transparency.

But it’s laughable that the same man who feasts with Wall Street fat cats at $38,000-a-plate fundraisers turns around and claims the next day that attacking those same money men will be the basis of his reelection campaign.