Professor Rush "We gotta redefine smart"

[Lorax]

Dumped because of success? What planet do you live on Rb?

Rb has it right, Batboy, believe it or not, your beloved repugnican corporatists will forgo profits if they don't like the message of the successful talk show host.

Scary how reminiscent of Hitler's fascist Germany this is, when the popular message is being silenced in favor of the overlord's ideology. Very scary.

[ccbatson]

Don't believe it for a second...no capitalists abandons the core principle without good reason [[that being the fulfillment of the core principle).

[rb336]

Don't believe it for a second...no capitalists abandons the core principle without good reason [[that being the fulfillment of the core principle).

and there you have your answer in a nutshell. Are you really so blinded by dogma that you couldn't see that one simple truth when it was staring you right in the face? your side desperately wants the truth to be hidden. [[hence, rush's comment straight out of Orwell) These are the people who have been railing against the lack of regulation via dismantling the regulatory apparatus in the capital markets, in pharma, in food production. They don't think the mighty and influential need protection, but they do believe that the people deserve to know the truth [[which is why the truth is liberally biased - your side simply repeats falsehoods ad nauseum until the tiny little minds get their jackboots in line)

[Detroitej72]

Don't believe it for a second...no capitalists abandons the core principle without good reason [[that being the fulfillment of the core principle).

Just take a look at what Sports Radio 1130 did to their local on-air talent. They were all fired, replaced with national syndicates, which costs less.

That destroys your whole argument, I'm curious to hear your rebuttal.

[Lorax]

Don't believe it for a second...no capitalists abandons the core principle without good reason [[that being the fulfillment of the core principle).

Guess you haven't fulfilled your core lately.

[ccbatson]

I have never believed or said otherwise Rb...your error is to believe that free markets are not self correcting.

[jams]

I have never believed or said otherwise Rb...your error is to believe that free markets are not self correcting.

Such a telling statement, not unlike a personal joke definition I have of "crisis management".

Allow a situation to become a crisis, than manage it, rather than foresee it and take action to prevent a crisis.

Funny, in a sad way, my little joke has become reality.

[rb336]

I have never believed or said otherwise Rb...your error is to believe that free markets are not self correcting.

show me one instance where a free market has ever not created bubbles that then burst resulting in economic upheaval that then required governments to step in and intervene. you can't. free markets have been shown time and time again to NOT be self correcting except in the most disasterous manner -- they correct by collapsing on themselves

[gibran]

don't you all remember the right wing attacks on the media saying those ..TV shows and moving pictures are rotting the brains of our little children and that preachers that spew hate [[Rev Wright) would in influence their flocks...and that Elvis dude is going to corrupt our youts....geesh..how the G-d fearing , bible thumping folks were so afraid of the heavy influence those Hollywood elites would have over our minds...except when it comes to a right wing messenger of the truth.....that rock roll gyrating music is going to create chaos...

how do we spell hypocrite? RUSH BECK...Hannity or Murdoch

[ccbatson]

Bubbles? You mean that markets fluctuate? Of course they do...bubbles?

[Lorax]

Bubbles? You mean that markets fluctuate? Of course they do...bubbles?

What's this? You changing your name to "Bubbles"?

Seems appropriate.

[rb336]

Bubbles? You mean that markets fluctuate? Of course they do...bubbles?

c'mon bats, stop acting stupid. bubbles are not fluctuations. bubbles are caused by lack of regulation on speculation and the desire for quick profits. when reality sets in, they burst and bring down the rest of the economy with them. We have had rather mild recessions since the GD because of regulation, but with the neutering of the mechanisms under the bushies, we had this giant bubble that burst, leaving a crater from which it will take a lot of work and tax money to emerge .

[oladub]

c'mon bats, stop acting stupid. bubbles are not fluctuations. bubbles are caused by lack of regulation on speculation and the desire for quick profits. when reality sets in, they burst and bring down the rest of the economy with them. We have had rather mild recessions since the GD because of regulation, but with the neutering of the mechanisms under the bushies, we had this giant bubble that burst, leaving a crater from which it will take a lot of work and tax money to emerge .

Wrong. You confuse the symptoms for the disease. Bubbles are largely the direct result of Federal Reserve and Treasury Department policies designed to goose the economy. Think of bubbles. They have to be inflated with something such as the Federal Reserve inflating the money supply. If China doesn't want to pony up to buy more Treasury offerings, the Federal Reserve will buy them and print the necessary money just like Zimbabwe does - and has. Surplus money needs a place to go so it winds up driving up [[eg.) Nasdaq prices until that speculative bubble bursts. Then the Fed prints more money to pump up the economy again and it finds its way into housing speculation. Then the Fed prints more money to hand out to its banker friends and Obama's contibutors, etc.. We have had mild recessions because everytime the market tries to correct itself and shake out its excess, more money has been dumped on the fire to keep the economy pumped. The problem is that a huge correction is overdue. The dollar will collapse if a correction is not allowed.Then we will have the mother of all depressions.

HR1207 now has 224 cosponsors with Dennis Kucinich recently signed on. It would require the GAO to audit the Federal Reserve. The banks and their congressional fairies are mounting a battle to thwart this bill. Transparency is not desired. In the Senate, two Republican senators are trying to derail the bill by substituting a very watered down bill avoiding an audit. Bernie Sanders is sponsoring the senate version of HR1207. On March 3, the administration anbnounced that it had $134.5B of left over TARP money. On June 3, two Japanese guys were arrested leaving Switzerland with $134B of US bonds hidden in their suitcase - the kinds that are issued to countries. President Obama has since spoken to the Italian Prime Minister and the Japanese couriers were released. Only four nations have [[or had) more US Treasuries than the two Japanese guys. If the bonds were counterfeit, it is unlikely they would have been released. All of this might be a coincidence but it is time to quit being such a believer.

[Lorax]

c'mon bats, stop acting stupid. bubbles are not fluctuations. bubbles are caused by lack of regulation on speculation and the desire for quick profits. when reality sets in, they burst and bring down the rest of the economy with them. We have had rather mild recessions since the GD because of regulation, but with the neutering of the mechanisms under the bushies, we had this giant bubble that burst, leaving a crater from which it will take a lot of work and tax money to emerge .

Actually, bubbles occur when Batts holds his nose, and his breath- they exit his ears.

[Detroitej72]

Why are you guys talking about the Lion's mascot?

[alsodave]

[ccbatson]

Small and moderate fluctuations are welcome and necessary...Huge downward fluctuations caused by vain attempts to socialize housing via the CRA/derivatives/Freddie and Fannie are not. If you want to refer to these large fluctuations caused by liberal policy bubbles, go right ahead.

[rb336]

Small and moderate fluctuations are welcome and necessary...Huge downward fluctuations caused by vain attempts to socialize housing via the CRA/derivatives/Freddie and Fannie are not. If you want to refer to these large fluctuations caused by liberal policy bubbles, go right ahead.

truly pathetic how you keep flogging a dead horse long after it's been proven that not only is it dead, but its also really a dead elephant

[ccbatson]

Sooo myopic, this is a description of market dynamics [[Econ 101), yet you think that Obama is about to reinvent the wheel...while we sink into Marxist despair under his statist agenda.

[rb336]

your response had nothing to do with my reply, bats.

yes, market fluctuations are necessary in any natural supply/demand situation. fluctuations that create a bubble arise when the market regulators are stripped away, and when significant numbers of people try to go for the quick buck via speculation. that creates a speculative market, not a natural market. it is a market based on nothing but a belief in perpetual increase, which is based on the mistaken model of infinite goods. that is why capital gains taxes must be raised to 40% on items held 366 days or less, gradually dropping to 10% over 10 years. it creates a stable, reality-based, long-term oriented market

[ccbatson]

Speculation is part of investing and the market...it can't be eliminated or controlled justly, and "not a natural" market only applies to markets that are manipulated by government [[or some entity) with the threat of force behind said manipulations.

[rb336]

Speculation is part of investing and the market...it can't be eliminated or controlled justly, and "not a natural" market only applies to markets that are manipulated by government [[or some entity) with the threat of force behind said manipulations.

certainly it can. when rampant speculation creates bizarro securities no one [[not even their creators) can fully understand, when it irrationally drives up costs creating a bubble, etc., etc., it threatens the economic security of the nation and therefore can and must be regulated and moderated. it creates nothing but paper wealth and problems

[jams]

Explain why Anti-trust Regulations were seen as needed to protect the general populace from Capitalists.

[Detroitej72]

certainly it can. when rampant speculation creates bizarro securities no one [[not even their creators) can fully understand, when it irrationally drives up costs creating a bubble, etc., etc., it threatens the economic security of the nation and therefore can and must be regulated and moderated. it creates nothing but paper wealth and problems

A prime example is the bundling of bad mortgages and assets by the lending companies that brought us this current financial crisis, or as it really is, this Republican Recession.

[ccbatson]

Very simple, antitrust laws preserve sole ownership of the only type of remaining monopoly to the government...coercive [[backed by the threat of the use of force) monopolies...meaning immense power to the government [[guess who wrote those laws....the inmates run the asylum).