Friday, August 24, 2012

greed will outweigh altruism under Mitt


So is it going to be the egoists (thereor the altruists that win? 

Obama Speech Highlights 'Fundamentally Different Views' From Mitt Romney


By JULIE PACE 06/14/12 04:07 PM ET AP
Obama Speech
CLEVELAND — President Barack Obama said November's election will give voters the chance to break a stalemate about America's direction, declaring Thursday in a campaign speech in battleground Ohio that he and Republican Mitt Romney offer "two fundamentally different views" about how to grow the economy and create jobs.
Five months before the election, Obama sought to frame the choice for voters on the economy, telling about 1,500 supporters in Cleveland that Romney would join congressional Republicans in revisiting GOP policies of cutting taxes and gutting regulations. At one point, Obama specifically addressed skeptical voters and independents watching on television. "If you want to give the policies of the last decade another try, then you should vote for Mr. Romney," Obama said.
"What's holding us back is a stalemate in Washington between two fundamentally different views of which direction America should take and this election is your chance to break that stalemate," Obama said. He argued that the election presents a choice between two stark visions of how to "create strong, sustained growth, how to pay down our long-term debt and most of all, how to create good middle class jobs."
"The only thing that can break the stalemate is you," Obama said to cheers.
The president's speech came in a month marked by bad economic news, something that could imperil Obama's re-election bid. May employment numbers showed that the U.S. economy created a disappointing 69,000 jobs and that the jobless rate ticked up to 8.2 percent. This week, the Federal Reserve released data showing that the median family net worth shrank between 2007 and 2010 to levels not seen since 1992.
Obama cited a litany of domestic spending cuts that would affect Americans if Romney and GOP lawmakers succeed in adopting their ideas. The president acknowledged that "of course the economy isn't where it needs to be" but said the election-year debate will pivot on how the nation grows faster and creates jobs.
Obama and Romney spoke about 250 miles apart on Thursday. The president was at a community college in Cleveland; Romney spoke at a manufacturing company in Cincinnati. Both regions are key to their individual efforts to secure Ohio's 18 electoral votes. Obama won Ohio in 2008.
In his remarks, Romney told supporters that Obama had failed to deliver an economic recovery and had made job creation more difficult. "Don't forget he's been president for 3 1/2 years. Talk is cheap," Romney said.

JOHN SUNUNU, THE PIG FROM NEW HAMPSHIRE just told America that he thinks that the president should learn how to be an American.  This really angers me.  Because IN America as long as it doesn't hurt somebody else you can be whoever you want to be.  Thats what all the patriots who fought for this land fought to protect.

a fundamental mistake is that people won't succumb to greed


Reagan-Appointed Judge: Deregulation Movement Made 'A Fundamental Mistake'


Posted:  Updated: 08/24/2012 3:50 pm
Richard Posner Dereulgation
Apparently the financial crisis was a big enough disaster to convince even some of the firmest deregulation advocates that they were wrong.
Federal judge Richard Posner said his one-time support for deregulating the financial industry was based on a “basic misunderstanding,” in an interview with Eliot Spitzer on Current TV. His about-face is all the more noteworthy because Posner was appointed by Ronald Reagan, the president known to advocate for leaving businesses alone.
“I was an advocate of the deregulation movement and I made -- along with a lot of other smart people -- a fundamental mistake, which is that deregulation works fine in industries which do not pervade the economy,” he said in the appearance on Spitzer’s “Viewpoint.” “The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit.”
Posner’s comments come at a time when regulators are struggling to implement some of the provisions of the Dodd-Frank financial reform law, which attempts to place curbs on Wall Street. One example: After failing to put rules in place to rein in money market funds -- which some critics blame in part for the financial collapse -- the SEC and other regulators are scrambling to find another way to deal with them, according to The New York Times.
Posner isn’t the first to spit out the deregulation Kool-Aid that was so popular in the lead up to the financial crisis. Even ex-Federal Reserve chairman Alan Greenspan, who critics deride for believing too much in the ability of markets to right themselves, admitted in October 2008 that he was in “a state of shocked disbelief” at the disaster created by unchecked free markets, according to the NYT.
Then Bruce Bartlett, one of Reagan’s economic advisers, said last year that the notion that deregulation leads to job creation is “just nonsense. It's just made up.”

Tuesday, July 24, 2012

Wednesday, July 18, 2012

are rich people evil? Starting to think so

After finding out that the powers that be want a trade imbalance with China because it keeps the wages low for american companies to pay Chinese workers I am starting to think that all rich people are evil or a significant amount of them.