Senator Dodd Not Happy With Cenk – Why? (w/ Link To HuffPo Piece)
Posted by admin in Finance Tuesday, 11 May 2010 13:43 25 Comments
Read the article that reached Dodd’s office: www.huffingtonpost.com Follow us on Twitter: twitter.com Check Out TYT Interviews www.youtube.com Watch more at www.theyoungturks.com
When will Dodd go to trial for his sweetheart loan from Countrywide?
equal power ..Cenk is so spot on with this..after the first couple months of 2009 I stopped hoping for change and went back to the truth of how corrupt congress is..the congress is controlled by the corporate sellouts..the few that haven’t sold out are really powerless to get anything done
I always get a chuckle when Cenk plays the MLK sound bite
Mark Dodd seat up to the right..
In unemployment, I am not counted in ANY statistics. Not in under-employed, unemployed while taking unemployment checks, or even not looking for a job unemployed. My paper carrying job was outsourced to some mail carrier, and ‘minors’ don’t count in statistics. Please, add me to the totals with 20 other fellow carriers! I had a solid $30 coming in monthly, I could have had it all!
I wish I could argue with you, sadly, I got nothing.
Younger? Yes but hardly. I think the bigger factor is that the government is running wild with corruption, and there is no force to slow or stop it. Times are changing, and at some point people will just revolt but until then, bend over because we’re all about to get fucked in the ass by Uncle Sam’s giant corporate owned dick!
@YouSmellLikePOOO I am laughing, good job explaining it to him, don’t think he understood it however
second U3 = U6
@NDstephan
Again, I bet people in real life enjoy laughing at you because of your stupidity. Seriously, you should just go to your little shrine and pray to your obama messiah now.
The fact is obama is making the economy worse with his reckless fiscal and monetary policies, forcing capital outflows from the US. Investors are hedging their USD assets and finding better investments outside the US, especially in China.
Seriously, someone needs to tells obama Zimbabwe economics will not work.
@NDstephan
Seriously, it is pathetically sad how stupid you are.
If the USD devalues it means the ROI of banks and other companies that invest in the US will become lower. Do you even know how the cary trade works?
There is higher ROI if you borrow from the US, since rates are so low, and invest in a place like China.
Additionally, why would a creditor invest in a devaluing assets; example would be US treasuries as the USD devalues.
Obviously, you are just a fucking idiot.
@NDstephan
Obviously, you are just too stupid to comprehend how stupid you really are.
U3 unemployment rate basically only accounts for those who receive unemployment welfare. Once those checks stop they are no longer counted in the U3 rate. Thus, the rate superficially goes down.
A better reflection of unemployment is the U3, which is already at 17%. If you computed the data the same way they did during the Great Depression the real unemployment rate in the US is now at about 22%.
@NDstephan It doesn’t work to “do a little research” because there are so many legitimate sounding blogs and articles and websites out there spouting right-wing propaganda that one of these people can read and read and research and research and think they are the most well-informed person on the planet, and still be spouting the same nonsensical garbage as before.
Ok, let me try to explain basic economics to you AGAIN.
1. The Stimulus Bill put people to work at nearly the same rate as they were being fired; hence the slowed rise in unemployment as money is released.
2. American banks loan to Americans because the USD IS THE SAME VALUE WHEREVER YOU ARE! We don’t have a State Currency system.
3. An unpopular view of America; due to Bush’s wars was driving business away, there are MORE companies investing MORE money in America now that Obama is in office.
1. I do have a degree in economics.
2. Putting people back to work and adding tax revenue because people were working and buying got us out of the Great Depression.
3. Hitler used fear and distrust of a made-up enemy to gain control.
4. If war is so great for the economy why do economic collapses happen during wars? It isn’t it artificailly creates a boom while the job and housing markets are the greatest markers of economic stability.
Stop repeating talking points; do a little research.
no no no
you are dumb as hell
@NDstephan
The only way to effectively control the people is by controlling the economy. If you openly and forcefully control the people directly, they will fight back.
Socialism is the best economic system for control because the names of the large corporations are not nationalized. But, those large corporations rely on government spending and policies because the people have become poorer due to taxes and inflation.
obama’s reckless policies are giving government more economic control.
@NDstephan
Health insurance is expensive because govn’t is limiting competition. You are not allowed to get cheaper insurance from a company in one of the 50 states and use it in your own state because of govn’t regulations.
Competition reduces prices for consumers. Everyone knows monopolies and oligopolies are bad, especially if it is govn’t.
The corrupt politician obama is giving the TRILLION dollar govn’t insurance contracts to large insurance companies who bribed and lobbied obama.
@NDstephan
Obviously, you are an uneducated leftist moron.
Fact: obama is prolonging the economic crisis with his reckless fiscal and monetary policies, which are devaluing the USD. obama is forcing capital outflows from the US
Why would banks loan to Americans for Americans if the USD is devaluing??
Americans are getting poorer due to higher taxes and inflation. The cost of living will go up and people will be forced to become more reliant and dependent on government.
@NDstephan
Seriously, get a degree in economics before you start spewing your leftist stupidity.
FDR’s New Deal prolonged the economic crisis, whilst transferring more power, control and wealth to government. Hitler also used an economic crisis to gain control over the Germans.
The New Deal lasted from 1933-37 and it failed to fix the economy. Not until the 1940s did the US economy start to become better, and that was because of WW2 world demand for weapons.
Seriously, you are an idiot.
While giving the guise of “competition” there is actually none. If insurance companies are allowed to open-up state lines there will be a massive INCREASE in costs and DECREASE in benefits.
You cannot buy a concert ticket in one venue because it’s cheaper and go to it in another. What insurance companies will do (I worked for BCBS) is raise the rates and cut benefits for 90% of the market and say that they are simply seeking an “average cost/benefit ratio.”
A Public Option renders that moot.
Final point. You say that personal bankruptcies are rising but you fail to ask why.
The leading cause of bankrupcy in America is????? Healtcare costs/Lack of Health Insurance Benefits.
In my Basic Economics class in 7th grade we examined the “Coke/Pepsi Trend.” It basically says that when major corporations (Coke and Pepsi) control major shares of the market they can raise their prices in tandem and alternate “deals” to maintain them. i.e. They cost the same for nearly identical products.
The Economic Recovery and Reinvestment Act is helping to repair and update a major highway bridge that would have gone unfixed for the forseeable future. With that money there are 192 jobs that were saved on one project that will last for 3 years. Thats one example.
Plain and simple, it’s putting people to work and keeping them working while the economy glides to a landing. You fail to see how the unemployment rate; while it did still climb, climbed much slower after the act was passed.
Cont.
I’ll field that one POOO.
The basic idea of giving aid to taxpayers is simple. It’s a parachute. While the fall out of the plane will not stop, you can at least direct yourself to a softer landing.
FDR did this during the Great Depression, Obama is doing it now. You seem quite concerned about the high unemployment and say that its because of the government which is blatently false. There is an example of the benefits less than 5 miles from my house.
Cont.
Dodd is a disgrace to the memory of Ted Kennedy. He should be ashamed of himself for cashing in. Nobody falls for this crap. Between him and Barney Frank they will cash in all they can. They are for imposing no rules, letting these jerks gamble offshore for which we are still responsible and generally watering down all kinds of regulation. What is the difference between them and the repubs. I used to like both of them but now I cant stand either one.