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aflanigan

aflanigan Avatar

Location: At Sea
Gender: Male


Posted: Apr 15, 2009 - 9:30am

 Monkeysdad wrote:


And one thing for sure: While toxic right-wing propaganda and toxic assets were getting spread around the world I never heard, not once, a cry from the left/democratic structure that the sky was falling.  


Upon passage (with bipartisan support) of legislation repealing the Glass-Steagal Act in 1999, that allowed entities like AIG to become both banks and securities traders (and insurers):

The decision to repeal the Glass-Steagall Act of 1933 provoked dire warnings from a handful of dissenters that the deregulation of Wall Street would someday wreak havoc on the nation's financial system. The original idea behind Glass-Steagall was that separation between bankers and brokers would reduce the potential conflicts of interest that were thought to have contributed to the speculative stock frenzy before the Depression . . .

The opponents of the measure gloomily predicted that by unshackling banks and enabling them to move more freely into new kinds of financial activities, the new law could lead to an economic crisis down the road when the marketplace is no longer growing briskly.

''I think we will look back in 10 years' time and say we should not have done this but we did because we forgot the lessons of the past, and that that which is true in the 1930's is true in 2010,'' said Senator Byron L. Dorgan, Democrat of North Dakota. ''I wasn't around during the 1930's or the debate over Glass-Steagall. But I was here in the early 1980's when it was decided to allow the expansion of savings and loans. We have now decided in the name of modernization to forget the lessons of the past, of safety and of soundness.''

Senator Paul Wellstone, Democrat of Minnesota, said that Congress had ''seemed determined to unlearn the lessons from our past mistakes.''

''Scores of banks failed in the Great Depression as a result of unsound banking practices, and their failure only deepened the crisis,'' Mr. Wellstone said. ''Glass-Steagall was intended to protect our financial system by insulating commercial banking from other forms of risk. It was one of several stabilizers designed to keep a similar tragedy from recurring. Now Congress is about to repeal that economic stabilizer without putting any comparable safeguard in its place.''




SOURCE


Zep

Zep Avatar



Posted: Apr 15, 2009 - 9:27am

 aflanigan wrote:
Urban legends are fun, aren't they? 

  1. kgb999 | April 14th, 2009 at 03:15 pm

    Is it just me, or is “Hot Air” one of the most appropriately named sites on the web?



aflanigan

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Location: At Sea
Gender: Male


Posted: Apr 15, 2009 - 9:19am

 Beaker wrote:

Its late, but here's just one wee bit of balloon deflater for the O-bots like yourself who against all reason wish to believe things to be other than they are:

“How do you make sure a crowd likes you? Screen out anybody who didn’t vote for you. Even if they’re serving their country under your watch.”

G'Nite.
 

Urban legends are fun, aren't they?

(former member)

(former member) Avatar



Posted: Apr 15, 2009 - 12:12am

 hippiechick wrote: 
Oh, come on, we don't have no problem with gun-totin', Jew-raghead-haji-gimp-faggot-hatin' Vicodin / meth addicts - America's a "melting pot", ya know?

Give Beaker (or someone like him) a big hug & everything will be OK.  Right?  Tell me I'm Right!

(Just don't come near my organic garden or I'll have to bust out a rain barrel of whoop-ass!)


Monkeysdad

Monkeysdad Avatar

Location: Simi Valley, CA
Gender: Male


Posted: Apr 14, 2009 - 10:28pm

 fuh2 wrote:

Given the Bush economic meltdown last fall I find it amazing the GOP was able to get nearly half the vote. They got most of the middle class white vote too. THAT is proof of the Corporate media's immense power. They were able to spread toxic rightwing propaganda like the big banks were spreading toxic assets around the world.

Thom Hartmann, Progressive radio talk jock,   would agree with you partially. He says he beats Rush in many big cities.
BUT his total audience is very small compared to Rush's because most cities dont have  a Progressive radio station at all.   Boston and NYC for instance. Neither has ONE left wing radio station!  Thom says that often progressive stations are very weak signal stations too. 

 
A weak message and weak radio signal go hand-in-hand, if you're not getting the message to the people, what are you?! I don't listen to Rush, I don't listen to Thom, I don't listen to AirAmerica but what little I do hear from the left-wing media doesn't capture my imangination or attention at all. It comes across as whiney, paranoid, and frankly...hateful. More whiney, paranoid, and hateful than any right-wing message I've heard yet.

And one thing for sure: While toxic right-wing propaganda and toxic assets were getting spread around the world I never heard, not once, a cry from the left/democratic structure that the sky was falling. It was only after the financial pendulum swung in the other direction that anyone cried "foul" and started pointing fingers, that much is written in history. Hopefully we'll all learn from this epoch in time and find a nice middle point to work from to sort out the future..

fuh2

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Location: Mexican beach paradise
Gender: Male


Posted: Apr 14, 2009 - 9:42pm

 Monkeysdad wrote:


Oik! I have to disagree. The masses aren't controlled by the GOP or proxies, if they were we'd have McCain as president, right? As for controlling the airwaves...all the left has to do is capture the populations attention and imagination, much like Rush has to date.

 
Given the Bush economic meltdown last fall I find it amazing the GOP was able to get nearly half the vote. They got most of the middle class white vote too. THAT is proof of the Corporate media's immense power. They were able to spread toxic rightwing propaganda like the big banks were spreading toxic assets around the world.

Thom Hartmann, Progressive radio talk jock,   would agree with you partially. He says he beats Rush in many big cities.
BUT his total audience is very small compared to Rush's because most cities dont have  a Progressive radio station at all.   Boston and NYC for instance. Neither has ONE left wing radio station!  Thom says that often progressive stations are very weak signal stations too. 
Monkeysdad

Monkeysdad Avatar

Location: Simi Valley, CA
Gender: Male


Posted: Apr 14, 2009 - 9:31pm

 fuh2 wrote:

Never underestimate the GOP. Remember they control the corporate media in most ways.  The owners are very rich and so are mostly Republican.  They get most of their revenue from giant corporations like Big Pharma, Big Oil and Coal, Health insurance corporations and Banks etc. 95% of talk  radio shows  are extremely right wing for the same reasons. Limbothas by ar the biggest audience every day. As long as they control the airwaves they will be in control of the masses. 

 

Oik! I have to disagree. The masses aren't controlled by the GOP or proxies, if they were we'd have McCain as president, right? As for controlling the airwaves...all the left has to do is capture the populations attention and imagination, much like Rush has to date.edit:That hasn't happened in the last 12 years from my perspective.
fuh2

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Location: Mexican beach paradise
Gender: Male


Posted: Apr 14, 2009 - 9:27pm

 romeotuma wrote:


Yup... you are so correct again...  what they lack in majority, they make up for in money...

edit— it is so ironic that it was Lincoln who said, "You can't fool all the people all the time..."

 
Lincoln was one of the first Republicans,  but VERY Progressive. The GOP has changed a lot in 150 years. They  became intimate with big busness in about the 1870's.  

fuh2

fuh2 Avatar

Location: Mexican beach paradise
Gender: Male


Posted: Apr 14, 2009 - 9:19pm

 romeotuma wrote:


Yeah, you are completely correct...  Lincoln represented the north, the Democrats represented the Confederacy...  now, it is completely reversed... the Republican stronghold is in the South... they don't carry any of the northern states that Lincoln did...  the Republicans use absurd wedge issues about social subjects that don't have anything to do with money to divide people these days... things like abortion, gay marriage, stem cell research, etc...  then they loot the national treasury...  just look at Halliburton—  Cheney took 72 of the headquarters to the Bahamas while he was CEO in the 1990s to avoid paying U.S. taxes, and now Halliburton has gotten filthy rich in Iraq...  so Halliburton is paid with U.S. taxes, and they don't pay U.S. taxes... it is pure genius...  but now the middle class cannot afford the luxury of voting on social issues like Clinton's infidelity...  the middle class is broke, and now they are voting about the money, and the Republicans are doomed to be a minor party for a very long time, just like they were for a long time after the Great Depression...  but they are very entertaining on TV these days, now that they are harmless...

 
Never underestimate the GOP. Remember they control the corporate media in most ways.  The owners are very rich and so are mostly Republican.  They get most of their revenue from giant corporations like Big Pharma, Big Oil and Coal, Health insurance corporations and Banks etc. 95% of talk  radio shows  are extremely right wing for the same reasons. Limbothas by ar the biggest audience every day. As long as they control the airwaves they will be in control of the masses. 
fuh2

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Location: Mexican beach paradise
Gender: Male


Posted: Apr 14, 2009 - 8:56pm

 bokey wrote:

More like some stuff rolls downhill.
  
Its like a sport for them. How many can they knock out of the middle class.

bokey

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Gender: Male


Posted: Apr 14, 2009 - 8:35pm

 Xeric wrote:

Well, sure, but, see, we make them even richer and richer and richer, and then it, uh, you know—trickles down.   Haven't you been paying attention?   {#Lol}

 
More like some stuff rolls downhill.

Xeric

Xeric Avatar

Location: Montana
Gender: Male


Posted: Apr 14, 2009 - 8:30pm

 fuh2 wrote:

I would say that the Republicans have blinded their middle class contingency. My parents were hard right wingers and I used to be a Republican but then I (slowly) woke up and realized I had been duped by the right wing Republican Corporatocracy. And through various means like the Corporate Media  they have become VERY good at that.  

For instance, since Lincoln, name ONE thing the Republicans have done for the middle class? You cant!

They do NOT want you to know this but they have been AGAINST every social advance of the middle class, like Social security, minimum wages (they were actually for a MAXIMUM wage for workers), 40 hour work week, paid vacation,  Medicare, Medicaid, GI Bill for education, Civil Rights, womens vote and right to choose, and much, much more.  Their only true loyalty is and always has been the very rich and giant corporations. 

 
Well, sure, but, see, we make them even richer and richer and richer, and then it, uh, you know—trickles down.  Haven't you been paying attention?  {#Lol}
fuh2

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Location: Mexican beach paradise
Gender: Male


Posted: Apr 14, 2009 - 8:21pm

 arighter2 wrote:

The problem with overt partisanship is that one tends to be blinded by one's identification. This is true of liberals as well as conservatives.

 
I would say that the Republicans have blinded their middle class contingency. My parents were hard right wingers and I used to be a Republican but then I (slowly) woke up and realized I had been duped by the right wing Republican Corporatocracy. And through various means like the Corporate Media  they have become VERY good at that.  

For instance, since Lincoln, name ONE thing the Republicans have done for the middle class? You cant!

They do NOT want you to know this but they have been AGAINST every social advance of the middle class, like Social security, minimum wages (they were actually for a MAXIMUM wage for workers), 40 hour work week, paid vacation,  Medicare, Medicaid, GI Bill for education, Civil Rights, womens vote and right to choose, and much, much more.  Their only true loyalty is and always has been the very rich and giant corporations. 


ScottFromWyoming

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Location: Powell
Gender: Male


Posted: Apr 14, 2009 - 8:19pm

Nietzsche Family Circus

The Nietzsche Family Circus pairs a randomized Family Circus cartoon with a randomized Friedrich Nietzsche quote. Thanks, Ryan!

AliGator

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Posted: Apr 14, 2009 - 7:28pm

 arighter2 wrote:

The problem with overt partisanship is that one tends to be blinded by one's identification. This is true of liberals as well as conservatives.

 


arighter2

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Location: dubuque
Gender: Male


Posted: Apr 14, 2009 - 6:57pm

 AliGator wrote:

I'm not sure that the huge declaration/link is helpful. Just as I'm not sure fuh2's post mentioning straitjackets was helpful.

While I'd love some civil political talk here, I guess it's not possible. And HC, I'm not blaming you. Or fuh2. Or Beaker. Or whoever.

For anyone interested, here's an article that appeared in Salon today. It discusses right-wing hand-wringing over the DHS communications to local police about "growing right-wing extremist activity." (And HC, I'm sure it touches on some of the same points your link does. But really, the huge red letters were a total turnoff.)

I guess the point raised in the article is my point about the whole Tea Party thing: where was the outrage before? If government spending is an issue, why weren't these people upset before now?

Don't answer. I'm pretty sure it can't be discussed without personal attacks and flaming.
 
The problem with overt partisanship is that one tends to be blinded by one's identification. This is true of liberals as well as conservatives.


hippiechick

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Location: topsy turvy land
Gender: Female


Posted: Apr 14, 2009 - 6:43pm

 AliGator wrote:

Where did it come from?
 
HuffPo

AliGator

AliGator Avatar



Posted: Apr 14, 2009 - 6:40pm

 hippiechick wrote:

Oh, sorry, I didn't mean to shout, it's the way it came and I was too lazy to fix it. I will do that now.
 
Where did it come from?

hippiechick

hippiechick Avatar

Location: topsy turvy land
Gender: Female


Posted: Apr 14, 2009 - 6:36pm

 AliGator wrote:

I'm not sure that the huge declaration/link is helpful. Just as I'm not sure fuh2's post mentioning straitjackets was helpful.

While I'd love some civil political talk here, I guess it's not possible. And HC, I'm not blaming you. Or fuh2. Or Beaker. Or whoever.

For anyone interested, here's an article that appeared in Salon today. It discusses right-wing hand-wringing over the DHS communications to local police about "growing right-wing extremist activity." (And HC, I'm sure it touches on some of the same points your link does. But really, the huge red letters were a total turnoff.)

I guess the point raised in the article is my point about the whole Tea Party thing: where was the outrage before? If government spending is an issue, why weren't these people upset before now?

Don't answer. I'm pretty sure it can't be discussed without personal attacks and flaming.
 
Oh, sorry, I didn't mean to shout, it's the way it came and I was too lazy to fix it. I will do that now.

AliGator

AliGator Avatar



Posted: Apr 14, 2009 - 6:29pm

 hippiechick wrote:
*big red letters*
 
I'm not sure that the huge declaration/link is helpful. Just as I'm not sure fuh2's post mentioning straitjackets was helpful.

While I'd love some civil political talk here, I guess it's not possible. And HC, I'm not blaming you. Or fuh2. Or Beaker. Or whoever.

For anyone interested, here's an article that appeared in Salon today. It discusses right-wing hand-wringing over the DHS communications to local police about "growing right-wing extremist activity." (And HC, I'm sure it touches on some of the same points your link does. But really, the huge red letters were a total turnoff.)

I guess the point raised in the article is my point about the whole Tea Party thing: where was the outrage before? If government spending is an issue, why weren't these people upset before now?

Don't answer. I'm pretty sure it can't be discussed without personal attacks and flaming.

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