1% Socialism

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SoftCookie
@SoftCookie
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It amazes me when I go on sites around the internet and still hear people complain that Barack Obama is a socialist because he wants to redistribute wealth by taxing the top 1% a bit more and the rest of us a bit less. McCain's propaganda machine was much more effective than I thought. American corporations may also no longer be allowed to locate their headquarters offshore to avoid paying taxes. The HORROR!!!

The fact is that socialism has been alive and doing quite well over the last eight years, but has only been available for corporatations. The national debt will have increased by five TRILLION dollars by the end of Bush's term in office, double what it was in the year 2000. The last eight years have been a money grab of epic proportions by corporations via wars, deregulation, and outright corruption.

Over one trillion dollars has been injected into the financial system in just the past few months, with the pi?ce de r?sistance being the $ 700 billion "bailout" package. But just who is being bailed out? Secretary of Treasury Henry Paulson had a clause put in the bill that will allow him to blow the wad without oversight and with impunity to cover his ass from prosecution. After all, he spent over 30 years on Wall Street with Goldman Sachs and has many favors to return.

The ultimate pump and dump, the NYSE will collapse again before the end of the year as all of the smart money heads for the exits in anticipation of a change in administration, leaving pension funds and 401Ks holding the bag. Much of the "bailout" money will wind up in the Swiss bank accounts of the top 1% that this administration has protected. I just hope that Barack Obama is aware of the financial chaos that lurks ahead in the first months/years of his presidency.

The United States economy is a house of cards and a nasty shitstorm is approaching. Worldwide financial depression is unavoidable...
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Sea Siren
@Sea Siren
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"It amazes me when I go on sites around the internet and still hear people complain that Barack Obama is a socialist because he wants to redistribute wealth by taxing the top 1% a bit more and the rest of us a bit less"

Well, I think it's because most of them don't have a clue what socialism actually IS, which is precisely how the more educated can get away with calling it that. People hear other politicians say it (to incite fear, which controls the masses better than tranquilizers) and jump on the bandwagon to hurl insults at the other candidate. I've tested this theory on several people by playing dumb when they said Obama was a socialist.

Me: Really? What is socialism anyway?
Them: *blank stare* That's not the point.
Me: You brought it up.

Has anyone noticed that our postal system is socialized? EVIL STAMP MAKERS! The way I see it, 100% democracy doesn't work (or even exist), and neither does 100% socialism, so a mixture of the two might be just the ticket when it comes to services that fall under the "right to life,liberty and the pursuit of happiness" such as...FRIGGIN' health care. Anyone who likes taking it in the ass from those leeches, well um...wtf? Why? Especially at a time like this when many companies are dropping coverage for employees altogether. Makes no sense to me. Everyone should have the right to visit a doctor when they are ill without being financially reamed, or having to give up their car or their home to pay a hospital bill.
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SoftCookie
@SoftCookie
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All of Congress was trying to keep the economy from crashing before the election, to no avail. Especially those up for reelection. The Hindenburg is ready to implode, Barama is going to have a full scale disaster on his hands. Obviously not his fault, but the real criminals will be slithering out of town come January with suitcases full of money in hand...

Food for thought:

Associated Press: Obama to Inherit Crushed Economy Awash in Red Ink

Yahoo News: Obama Administration Facing a Massive Derivatives Crisis

CNN Money: President Obama Has a Full Scale Financial War on His Hands
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SoftCookie
@SoftCookie
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I hope the idiots at FOX News will put down their Bibles and pull their heads out of their asses long enough to get up to speed on the real story. Doubtful, big business signs their paychecks.

They will be working long on hard trying to pin this on Obama. It was inevitable no matter who won the election but possibly hastened when the carpetbaggers realized they wouldn't have another Republican administration to look the other way.

And of course "real America" will drink up the Kool-Aid and blame it on the dark guy with the funny name...
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SoftCookie
@SoftCookie
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Actually Henry Paulson and his minions came up with the bailout legislation. It was a terrible idea but I really don't fault Congress for passing it. The economy was falling apart, something needed to be done fast, none of them understood what was happening, and the legislation was thrown together quickly. They placed their faith in a man who only knows greed and manipulation.

And of course the deciding factor was that it's an election year. Most Americans only understand hasty action rather than logic. I am actually surprised it took two votes to pass, at least they put on a good show. It's amusing to see the formerly unregulated investment banks are begging to become regulated commercial banks now so that they can get a slice of the pie and avoid going the way of Lehman.
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little_sparrow
@little_sparrow
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Deregulating the financial industry has been DISASTROUS for the US.

? 100% democracy doesn't work (or even exist), and neither does 100% socialism,

Hee. Slip of the wrist there. You mean 100% free-market capitialism doesn't work not democracy. 😉

? Obviously not his fault, but the real criminals will be slithering out of town come January with suitcases full of money in hand...

Yeah. The Republicans and the Bush administration should be hung for what they have done to your economy. They have known for YEARS that this was coming and did nothing to stop it. They did everything in their power to make it happen.

My sister-in-law is a world authority on the subprime mortgage disaster in the states. CRAZY shit. Canada is one of the few countries that has escaped that disaster due to regulation. Our economy is too small to support itself and although we managed to stay afloat the past couple of years despite the economic trouble in the US, this time I doubt we will be so lucky.
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little_sparrow
@little_sparrow
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* It was inevitable no matter who won the election but possibly hastened when the carpetbaggers realized they wouldn't have another Republican administration to look the other way.

I suspect the Republicans threw the election. When they announced Sarah Palin, I figured that was what they were doing. She was too far out for them to be serious about it especially with McCain's health being so doggey. I smiled when they started throwing her under the bus. I thought they would give it a bit more time but to me it was pretty transparent.

They need time to rebuild their party and didn't want any part of the mess they made. Smart politics. Cowardly choice.
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SoftCookie
@SoftCookie
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Branh, my original point is that this country is already socialist but only the top 1% need apply. I seem to remember the United States government buying an insurance company some time in the very recent past. And throwing over one trillion dollars at some bankers so they can cover up some boo boos on their balance sheet and collect their year-end bonuses. Who do you think benefits from all of this? It's definitely not the general population.

Obama is NOT a socialist, but he may have to resort to some policies that some will consider socialist in order to help this country survive. Just as FDR did in the 1930s with the New Deal. This country's economy is FUBAR and is only going to get worse.

The gap between the top 1% and the rest of America is enormous and still growing. Did they get there through hard work or greed and manipulation? In my opinion it was a little of the former and a shitload of the latter. Cheney, Paulson, and all of their peers and cronies have made millions. And only a very small number, if any, of the many financial criminals will be prosecuted as a token gesture.
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SoftCookie
@SoftCookie
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How can a man who offers handouts to the point where we are nearly a welfare state NOT be a socialist?

You're talking about Bush, right?

I know that you are a champion of big business, but this is not a free market anymore. The Fed has greatly overstepped their powers and manipulates the stock market to the point that it is an obvious scam. They have become so brazen that they don't even try to hide it anymore. If this was a true capitalistic economy there would be no reason to bailout out any of these banks, insurance companies, auto makers, airlines, etc.

Most of those companies have made their bed through bad business decisions and greed. The banks are a prime example and they don't want to take accountability. If your primary expertise is making loans and you got into trouble because you tossed aside all prudent business practices in the name of the almighty dollar, you deserve to fail. I know that will disappoint many of the recent "genius" MBA grads who won't have a cash cow to milk anymore, but that is reality. And now bush is talking about yet another "stimulus" package to placate the masses a bit longer. Talk about socialism!!!
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SoftCookie
@SoftCookie
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You damn foreigners and your socialist governments!!!

We shall do this the American way and solve our problems on our own. We will have our best scholars examine history and other governments who have been in similar situations to come up with a rational, prudent course of action. This shouldn't take more than a couple of days, probably a week max.

And then we will put an American spin on it and do the exact opposite. We're Mavericky that way. There is no reason to abandon our current failed policies just because of a bump in the road. We're the greatest country that has ever existed, just ask us.

First, our government needs to completely eliminate taxes in order to stimulate spending. Our government doesn't need it anyway, it can borrow its way out of these unpleasant circumstances. Also, I noticed the price of oil has been down the past few weeks. We need to have GM crank up Hummer production in order to put people back to work. And why did the homebuilders stop building? We all need a vacation home, that should double demand immediately and put even more people back to work.

Thanks but no thanks LS. We're doing just fine on our own...
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little_sparrow
@little_sparrow
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Socialism is not what got you there in the first place.

Reaganimics, trick-down economics, war, and the de-regulation (NOT the regulation) of your financial institutions IS what got you there. The Bush administration was hellbent on following a small government, low taxes (especially on the rich), and a free-reign anything goes private sector despite many warning from world leaders, economic policy makers, etc that it would topple the American (and potentially) the world economy, and look at the mess it made. Seriously. Look at it.

The US is in serious, serious economic trouble. Those policies got you there. Not socialism. It is the far right policies that the US has been following.

Geesh.
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little_sparrow
@little_sparrow
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Unbelievable re: the SUV sales.

Do they really think something has changed? I listened to an amazing lecture yesterday that touched on the energy crisis and the lack of vision and how at times of chaos (times of change) people cling to the old ways because they lack a broader perspective. It was very thought provoking.

The lecturer claimed that instead of being true visionaries and leading the path into the solar energy cycle that is inevitable (I don't know much about alternative energies so I can't comment on that) they have tried to deny the change that is coming by building bigger gas guzzelling vehicles in definance against the truth that they know, change will come.
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SoftCookie
@SoftCookie
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So true, they should be grateful to still have a job. Even their base pay seems obscenely high, I guess a few might have to hold off on buying that 5th Rolex. Maybe they should have saved a couple bucks along the way, they are financial "experts" after all.

And why worry about losing top "talent" when they have no where else to work? Bear Sterns and Lehman are dead as disco and Merrill, Morgan Stanley, Goldman, etc. have already had massive layoffs. These idiots are poster children for the irrational entitlement attitude that so many Americans seem to have nowadays.

But the corporate attitude is not surprising, there have been studies that show sociopaths do quite well in corporate America. Especially at the upper echelons of management, they crave the power and money and don't give a f*ck what they have to do to get it. In fact, many Wall Street firms give psychological evaluations as part of the hiring process to make sure that they are hiring assholes.

In my opinion the main cause of this is the enmeshment of corporations with government via lobbyists that allowed the easy credit to flow. Not hard to succeed in the business world when you have a pocketful of politicians. The world should have cut up our credit cards after the Dot Bomb...
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nicodemus
@nicodemus
19 Years1,000+ PostsLibra

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"It amazes me when I go on sites around the internet and still hear people complain that Barack Obama is a socialist because he wants to redistribute wealth by taxing the top 1% a bit more and the rest of us a bit less."

That is what he has publicly insinuated before he insinuated that by the time it is implemented the tax hikes are going to make there way into much lower tax brackets than the top 1% . Beyond that many people fundamentally disagree with punishing the successful to reward the less successful. Many people would not be surprised if the raises in income tax fall all the way down to the middle class income brackets.

Not to mention the majority of "top 1% income erners" is misleading. What he has proposed, the way it is laid out incorporates A LOT of small business which won't just affect the small businesses but everyone who is employed by, purchases from or supplies.

"It was a terrible idea but I really don't fault Congress for passing it."

Well if you can't blame those responsible for actually making the decision then exactly who can you blame. That is akin to saying my friend killed her husband but I can't really blame her because her mother told her to do it.

"I suspect the Republicans threw the election. When they announced Sarah Palin, I figured that was what they were doing. She was too far out for them to be serious about it especially with McCain's health being so doggey."

I kind of agree that they threw the election but I believe they did so out of failing to handle it properly than by intentionally doing so. I believe they threw the election when they nominated McCain. If you talk to those who would be considered the "conservative base" there was really no appealing option. Except Thompson, there were no candidates that weren't blatantly superficial attempts at appeasing the middle ground. The republican party has become a mockary of what they claim to represent and stand for.

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nicodemus
@nicodemus
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"Do they really think something has changed? I listened to an amazing lecture yesterday that touched on the energy crisis and the lack of vision and how at times of chaos (times of change) people cling to the old ways because they lack a broader perspective. It was very thought provoking.

The lecturer claimed that instead of being true visionaries and leading the path into the solar energy cycle that is inevitable (I don't know much about alternative energies so I can't comment on that) they have tried to deny the change that is coming by building bigger gas guzzelling vehicles in definance against the truth that they know, change will come."

Who is this lecturer and WTF are they talking about. Since the rise in fuel prices and the economic correction "it's not a depression, it isn't a catastrophe by any stretch" SUV and truck sales have been falling and production and purchase of more fuel efficient vehicles have been on the rise. Everyone can't go out and buy mopeds and smart cars to counter the rise in fuel prices. Our current transportation system was created in the era of cheap gas and it has not caught up yet. Many family's would not be able to functionalize what many people think is the "right answer" when they talk about the vehicles our consumers purchase.

"I voted for the first time for a Liberal but the socialist won."

Exactly. This is more an effect of the mindset and perceived needs of our voters than it is of our government. We find ourselves in a time when the majority of the population refuses to turn inward to isolate the economic problems our country is facing and looks outward for the solution. Right now we have a country where the majority of it's people think that the solution is to have someone provide what they feel they are missing rather than taking a look at the choices they are making and the practical, common sense approach to correcting the trouble they are facing or think they are about to face.

I did not vote for Obama and I do not believe that he can bring solutions that will preserve the integrity of our constitution and the principles that our country once stood on. But I HOPE that he can CHANGE. All of this is yet to be seen but right now the government is in position to really damage the integrity of our economy and poise of our nation at the hand of the people of our country and their failure to recognize the real, practical and logical state of our current situation.
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SoftCookie
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james tate

How am I being soft in the head?

I understand how FUBAR our country is going to be, I'm just trying to explain how it can't be blamed on Obama even though it will. Americans don't want reality to get in the way of their illusion. At least the UK and EU admit they are in a recession. My country needs higher taxes in order to pay its outrageous bills, the world is going to cut up the U.S. government's credit card very soon.

And most of those tax increases should be paid by the top 1% . Or better yet, the "captains of industry" that have robbed this country blind. I hope Obama's administration pursues legal action, the fraud that has been perpetrated is Enron times 1000.

It's amazing to me how people forget that the US deficit is $ 10 TRILLION and climbing. Our government will not retain its AAA rating much longer if things don't change quickly and drastically.
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cappysweetie
@cappysweetie
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DAMN!!!!!!!!!!!!! WHOA WHOA WHOA!!!!

HEY! Get the hell off of Softcookie's back! All of you I say, got damn it!

Sorry Man 🙂 I wasn't around to help you lol. You had a few buddies here but not many.

I like what Nicod said -- its best to work together with the person you've got even if you didn't want him in the White House, the man won and its the way it is. So instead of sitting around bitching and moaning; look at ways to help 🙂

YAY Nicod! You are a libra right—?
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hothouselilies
@hothouselilies
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its the top 5 percent and its the oppostie. they bitch about the end of capitalism but
in reality they are the ones getting all the hand outs! coporate welfare! the
only socialism going on is THEM! THEY JUST DONT WANT ANYONE ELSE TO GET A PIECE OF
THE PIE!

and really what good has our way of goverening things and our ideals about wealth and
politics ever done for the world? what good have we created by it? NOT MUCH. CAPITILISM WAS SUPPOSE TO EMPOWER PEOPLE— i see it as a bait and swtich!
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cappysweetie
@cappysweetie
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^^^yep, that seems to be the ignorant crux of come backs ...skin color, and racist comments. What a pathetic defense. Not worth entertaining.

WHAT!!!! Are you kidding me LOL!!! Woman, you have not once commented on what AngryScorpio has been promoting around yet you make the comment I just quoted above? What in the hell are you seeing here? It's certainly not reality.

I'm sorry, I have to point that out because that was just ridiculous. I'm not saying YOU are ridiculous because I don't know you, but you have no right to point fingers when you are just as bad 😉
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cappysweetie
@cappysweetie
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HAHAHA!!! Here you go with the name calling, my goodness virgogotme ^_^. -- well, whatever floats your boat. I never once said you were (dare I say it) racist. Nope, never really crossed my mind. Sour grapes, oh sure but thats it.

I was just making a point about how you say Obama-supporters are bias, but you are no better, you are just the opposite really. I'm not saying its good or bad, but I do find it funny lol
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SoftCookie
@SoftCookie
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Sigh, thanks for the support cappy. The ignorance of many on here is staggering and saddening. I suppose it is representative of the vast number of Americans that don't know what is about to smack them upside the head.

A long economic depression is unavoidable at this point. If anyone is interested in educating themselves here is a great site that explains the basics. Top notch economic analysis for free. America, what a country!!! And he's an optimist compared to most of the economic analysts I follow.

This country was in for dark times no matter which party got elected, the U.S. government can only exacerbate it at this point by giving corporate handouts. At least with Obama the American populace has hope for TRANSPARENCY. That would be more than enough CHANGE for me.

I definitely don't envy Obama, he has been handed a greasy sh*tburger with extra cheese and will be second-guessed at every step of this difficult journey. And there is no doubt that he will make a few missteps, these are uncharted waters. Good luck to everyone, may you survive the next few years healthier and wiser...
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nicodemus
@nicodemus
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"YAY Nicod! You are a libra right—?"

Oh yeah!

Like I said before I don't agree with most of what Obama proposes or stands for and because those are the two things we have to work off of in analyzing him it is fair to be suspicious of him.

But if that turns out to be true it is not all his fault. The brunt of the blame falls on the shoulders of the people of our country. Lets take one small aspect of the piece of th economic problem currently unfolding. Everyone talks about the greedy banks and the crooked politicians and the smooth talking real estate brokers but none of them would have been affective if individuals and the people as a whole made intelligent choices in real estate.

Who honestly thought property prices would rise forever? Or even another 5 years passed when they did? Why do people not bring up the fact that a lot of these home buyers who have already defaulted or are about too signed several page contracts on their AR mortgages outlining the fact that if their interest rate adjusts in the shitty direction by half a point the house that they could afford if they kept making as much or more than they were for the next several decades would suddenly be unfordable. I mean, all you need is a calculator and a few minutes to realize what they want to do is a really shitty idea. And for those who actually got 15 or 30 year fixed rate mortgages that they couldn't afford that is almost worse.

The problem is we live in a country with several generations of people who are greedy and feel entitled to more than they can actually justify themselves and those like myself are going to end up having to pay for it. But it isn't just greed, it is ignorance. Now they wan to be bailed out, they are sticking out there hand for money that they don't really understand the origin of.

This correction is a good thing. It would be 100 times worse if it happened 5 years after it did. Who honestly believes that spending 25 billion to bail out the big three is going to have a positive LONG TERM outcome? They have already been bailed out to the tune of 20 billion and they were through that within two months. Same for the banks and for real estate. The only way out of this is to let those who made bad choices endure the consequences so they can then learn and make better choices for all of us in the future.

We already have our government outlining that next bailouts stipulate .gov ownership. Obama or not were heading in the socialist direction.
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cappysweetie
@cappysweetie
19 Years10,000+ Posts

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I definitely don't envy Obama, he has been handed a greasy sh*tburger with extra cheese and will be second-guessed at every step of this difficult journey. And there is no doubt that he will make a few missteps, these are uncharted waters. Good luck to everyone, may you survive the next few years healthier and wiser...

DUDE! I agree, I would not want his job if life depended on it. Seriously, these are the crazy times since the 80s. I won't say since the Great Depression because things have not gotten that bad yet -- no way, things may seem bad but those who were around during FDR's presidency had it much worse, I don't care what the newpapers are promoting. The only difference now is that the upperclass people are getting slammed left and right -- the fact that they may have to struggle the way middle/working class/ lower class people so simply MIND-BLOWING TO THEM. So actually ... depending on your socioeconomic situation, if you are upper class, then this may seem like a Great Depression -- NOT because they can't afford anything (because they can) but because they don't want to lose anything that have.
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cappysweetie
@cappysweetie
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You are correct - calling you a "twit" was weak. You are plain and simple...an ATTENTION WHORE...may I add that trying to harass A/S all over these boards is probably not the person you want to get attention from?

HAHAHA!!! Oh brother ... the only reason I'm answering you is because you comment remains me of what Ray's Heart said about you lol. Anyway, I find it ironic that I'm the "attention-whore" yet you creat these threads about Obama or whoever to voice your opinion, and yet ... you're not an attention-whore, but I am one just because I reply to you? Your double-standard attitude is unfortunate, but amusing none the less. As far as anyone I decided to talk to on these boards, thats my choice 😉 No one will tell me who I cannot chat with, this is a free board and the only way I will not chat with someone is if they block me but until they I will chat with anyone, it doesn't matter if you don't think its wise 🙂
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cappysweetie
@cappysweetie
19 Years10,000+ Posts

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oh hon, who spins here? Please. Heaven forbid you log off - I mean you say you are at work - yet you are stealing from your employers (which is called time theft) while you sit and do nothing and get paid for it while DESPERATELY trying to get attention here in DXP. You are no better than a lazy fat slob low life on welfare stealing from the government. You call yourself educated? Look up time theft.

Hahahaha!!!! Oh, you're trying to get dirty, hehe, like all of what you say above is suppose to impress me 😉

Okay seriously virgogotme (since you've been reading my stuff) I've read your stuff too and in all honesty, you really shouldn't be mensioning welfare to me ... but I refuse to be that silly like that, it I will just as bad as you if I were to do that ^_^.

One more thing just because I'm so darn frothy at the moment LOL! The only way you can counter is to make insults that have NOTHING to do with politics lol -- Ray is a smart guy, I didn't see that until now, I can easily do the same to you (indeed I can) but I keep things like because unlike you, I don't take politics too personal -- I may get emotional (OH YEAH!) but all the begrudging is not what I'm about 😉 its stupid to go against someone just because they don't have the same politicial beliefs as you, just plain stupid -- which is funny because you called me ignorant for having an opinion different than yours WOW. It entertaining and fun to disagree with someone, but to hold grudges is just stupid (does that sound familair 🙂).

News flash, people are going to disagree with you, its a common thing, you need to get use to it 🙂

ciao

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cappysweetie
@cappysweetie
19 Years10,000+ Posts

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Oh yeah!

Like I said before I don't agree with most of what Obama proposes or stands for and because those are the two things we have to work off of in analyzing him it is fair to be suspicious of him.


Oh heck yeah (lol) I think you are cool Nicod 😄

I agree with you, its fair to be suspect of anyone new but that doesn't mean that they don't deserve a chance. Right? When I think of all the coporations who have people working for them who are unqualified for the job, yet because of 'whatever' the politics are in that business, they stay around or quailifed people who get replaced BY unqualified people simple because of 'politics' is nuts. In my opinion (you may not agree but these are my thoughts) we have had an unqualifed person in office for far too long. Also, I think the quailfied for the Head of State are a bit twisted, but I don't have time to get into that lol
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cappysweetie
@cappysweetie
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The problem is we live in a country with several generations of people who are greedy and feel entitled to more than they can actually justify themselves and those like myself are going to end up having to pay for it. But it isn't just greed, it is ignorance. Now they wan to be bailed out, they are sticking out there hand for money that they don't really understand the origin of.

*High five*

I can't argue with that 😄
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cappysweetie
@cappysweetie
19 Years10,000+ Posts

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You NEEEEEEEEED attention. Pathetic. Now go do what you do best...STEAL from your employer.

HAHAHAHA!!! You will be ungraded to cute before long. First you say I'm in some welfare system or whatever and now I'm stealing from my employer — Make up your mind woman!!! Which one is it really— I want to know 😄

lol, its so funny, you don't know if I'm working right now or now ........😉 -- I got ya 😛 😛 😛 I could be lying my ass off about it all and you are foolish enough to actually believe me-- how cute of you to pretend that you actually know what I do on the other side of the monitor 🙂

Go on and continue to assume that you know what I'm doing virgogotme, I will begin to wonder about you 😉

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