Seeking Alpha

carey_jim » Comments » Single Comment |

  • RNC / DNC: Crisis? What Crisis? [View article]
    You're right of course.

    But the explanation is that Big Business tells the Federal Government what to do, not the reverse. When one party or the other is finally elected in November, then the left or right wing of the business class will tell the politicians what has to be done.

    They don't want to talk about it now because their solutions are embarrassingly similar.

    For example, as everyone knows, big pharma controls the FDA and NCI, not the other way around. Are McCain and Obama really going to argue about more or less freedom for the monopoly pharmaceutical industry and more or less control of government agencies like the FDA?

    Ditto for the real estate and finance industry and their associated "regulatory" agencies.

    The elected party will wait for instructions once elected. Once "in power," the think tanks and university professors will provide solutions which the politicians will pretend are their own.

    Let's see, the banks and financial institutions will be bailed out if they are large enough and the smaller ones will be red meat for the large ones, people who can't afford to pay their mortgage payments will be kicked out of their houses and be given more or less freedom to sleep anywhere they want as long as it isn't in a house or apartment building ...

    In response to the Russian bear, the wealthy never suffer in depressions. During the Great Depression they had a grand time. In fact, during recessions and depressions, they feel even better because they have more people fighting to work for them for lower wages. Why would you expect diners in the best restaurants of Manhattan or the members of the Los Angeles Yacht Club to be any more or less happy during a recession?

    The bottom 95% of Americans need much more freedom and the top 1/2 % much less. That used to be the definition of democracy.

    What political party can deliver that kind of economic freedom?
    Sep 06 11:34 am |Rating: 0 0
All Comments by carey_jim »
Comments by Ticker
AA, AAPL, AAUKY.PK, ABAT, ABT, ABX, ACAS, ACI, ACN, ADI, ADM, ADP, ADRE, ADY, AEG, AEGXF.PK, AFG, AGG, AGN, AGNC, AHBIF.PK, AIG, AIR, AIV, AIVAF.PK, ALTI, ALU, AMD, AMZN, AOC, AONE, APWR, ARBA, ARD, AU, AUY, AVB, AVCT, AVP, AXA, AXP, AXPW.OB, AZ, AZO, BA, BAC, BAM, BBT, BC, BCON,
carey_jim's
Comments Stats
919 comments
Rating: 431 (929 - 498 )