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Leftfield

Leftfield
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  • Why Economic Dogma Threatens Our Future Prosperity [View article]
    Looks to me that until the government and oligopoly own absolutely everything and stamp out even these discussions and elections, we still have a chance and a responsibility.
    Voters are to blame for this ultimately. Reagan's deal with the Democrats was supposed to include spending cuts that never materialized. Really, the whole country has played "kick the can" for so long without values that we are at this pathetic pass where big government and Wall St., as crony winners at this game, seem set to own us completely.
    A household cannot turn to another party (the taxpayers) generally like government to grab even more for there, can we agree on this, monumental, profligate waste. Similarly, the government will run out of even that option, although Jeff Nielson is absolutely right that the superrich need to be taxed far more.
    We are running out of time as those people have no principles other than that they are rich and thus, better than you and I. Bankster bailouts prove this. Vote early and often to exorcise us of the incumbents.
    Jul 10 02:33 PM | 18 Likes Like |Link to Comment
  • Lowering Trade Barriers: G8 Moves Forward, But Can Obama Sell It at Home? [View article]
    In this article, "free trade" is put forth as an assumed given. As a believer in actual free markets, I see our trade policies as "stupid trade" that, no doubt, would be furthered. Multinational corporations would have a freer hand outsourcing everything, our goods would continue to meet unchallenged barriers and our middle class would completely disappear.
    We would continue to expose Americans in the shrinking private sector to third world competition, government would expand to provide supposed relief and Wall St. would continue to get handouts when their "capitalism" ran into disaster until the "company store" owns everything.
    Besides, tax policies and subsidies everywhere substitute for tariffs now as they are sneakier and give government and cronies even more games to play. I don't have enough lawyers on staff to parse the disgusting doubletalk bs the G8 will, no doubt, come up with. I await their "progress" with dread.
    Jul 10 01:23 PM | 3 Likes Like |Link to Comment
  • China Blows a Double Bubble [View article]
    I noticed the article says "Chinese economists were 'ballparking' that as many as one third of the country's loans could be headed into stocks and real estate." Honest economists there, hard to find here.
    Okay, maybe their bubble is better than our bubble, but, it seems like tax-gifted fraudsters are destined to own everything in both "Red China" and the "land of the free," the US.
    Jul 10 11:03 AM | 6 Likes Like |Link to Comment
  • 4 Drivers of the Exploding Federal Deficit [View article]
    The government can't take care of it's own business any better than a 5-year-old. Let's give them more power and responsibility!
    Jul 10 10:55 AM | 3 Likes Like |Link to Comment
  • America's Healthcare Problems Are Making It Less Competitive [View article]
    I am one of the statistics YoYoMama writes of; had insurance, had an accident, went bankrupt as a result. Those with great coverage that most self-employed could never afford as long as our taxes pay for gold-plated government worker benefits, are likely to have an insurance "product" that the company never intends to pay benefits from.
    Sadly, if I had the premiums in the bank I had paid for years, I could have negotiated a cash settlement with the hospital. My bankruptcy lawyer's accountant wife had a similar policy and it took them 13 months to get their similar insurance company to pay. A lawyer and an account!
    A brother-in-law of mine had a complicated procedure after a heart attack and if he didn't have rich relatives flying from NY to LA to negotiate on his behalf, through the landmine of procedures, government and private, he would be bankrupt and without care as he can't fend for himself so well in his condition.
    It is evident NAFTA, sold as a free-market wealth builder for US workers by banksters and international corporations and ALL government pretenses of fixing any and all problems, it is increasingly clear that average citizens have no representation. Healthcare problems, like all others, will put us increasingly in the hands of large corporations and government with the intent that we will completely "owe our souls to the company store."
    Jul 10 10:47 AM | 2 Likes Like |Link to Comment
  • What Happened to the PPIP? [View article]
    I agree with rogersails that the shrinkage of this swindle is a plus but what are Wall St. and DC hatching next? They put through "mark to magic" soon after PPIP, so don't relax yet, as Neil459 warns. Graham and..., I think it's now more of a PPIPsqueak. Sorry.
    Jul 9 02:17 PM | 1 Like Like |Link to Comment
  • Are the French Beating the U.S. at the Stimulus Game? [View article]
    A system like ours that can't spend the trillions already wasted to more effect is truly pathetic. Certainly not representative of any citizens capable of putting two brain cells together. You said it right, the DC pork plan is a "thankyou" to Congressional Democrats and there will be another..... What a country!
    Jul 9 10:39 AM | 1 Like Like |Link to Comment
  • The Nigerian Delta, Oil Actors and the Global Oil Landscape [View article]
    It concerns me when our president bows to the Saudi prince and, this week, says we can never defend against a "mighty arsenal of missiles" such as Russia's. It's a dangerous world with lots of greedy, evil, powerful people who stop at nothing as this article shows. How about we stop shooting ourselves in the foot with carbon caps, bailouts for Wall St. and new levels of DC pork.
    It's kind of important to me, my kids and other average-type Americans to preserve our Constitutional republic because we are not oligarchs that can run roughshod over anyone to satisfy our needs and wants.
    Jul 8 11:42 AM | 1 Like Like |Link to Comment
  • When Journalism Misses the Big Picture [View article]
    Good point; if a journalist or bigshot can't explain simply, there is probably no understanding.
    Too bad with the economy, mainstream journalists mostly don't even try to get beyond soundbites. This debacle is huge yet there seems to be none of the whistleblowing and investigative journalism once common, at all. I've heard mainstream journalists actually joke about their math and economics ignorance all too often. The ramrodding of TARP came with the media having no clue of it's importance. I saw a silly program about, "take your own stress test" while that was in the news, with a reporter added that she knew someone who had a heart attack soon after a stress test.
    Mainstream media wasn't always so clueless or worse. Lack of investigative reporting is "the dog that didn't bark."
    Jul 8 09:20 AM | 2 Likes Like |Link to Comment
  • Employment Report: The Never-Changing Story [View article]
    To comments that some entertainers and athletes are as overpaid as CEO's: Yes, in my opinion. To me, the systems that are broken need mending wherever they are. And clearly government boards are impervious to even a Carl Icahn and leadership pay has skyrocketed in this country despite mediocre and sometimes stupendously lousy work.
    We shouldn't subsidize stadiums owned by the rich for the rich to play in. But, entertainers and athletes are paid in a system that is as close to a free market as it gets. Don't pay the ticket price. But at least those people don't run the world economy into the ground.
    Jul 7 11:31 AM | 4 Likes Like |Link to Comment
  • Employment Report: The Never-Changing Story [View article]
    The wealth transfer to the upper .5% has been the central story in our decline that has so many more than even this great article could touch on. The lower 50% have long been in a such a sad state as to be voiceless and forced to subsist in a declining twilight world of lousy jobs and government scraps. The education that could save them is taxed out of their hides via obscene property taxes (those come out of rent, too) but not provided by government schools.
    The declining segments of remaining middle class who still have theirs hang on like the ostrich as long as they are among the few left with decent health benefits.
    The same media and government that saw no inflation during $160/barrel oil sees as little unemployment as possible now. Luckily, we can still take from the money tree and "our unborn grandchildren cry out from the future for us to take it from them."
    Jul 7 08:22 AM | 3 Likes Like |Link to Comment
  • California - And by Extension the U.S. - Headed for Permanently Smaller Economy [View article]
    The "sunk cost effect" neatly summarizes the malodorous "choices" made so far to throw good money after bad. The upside is that we have reached such a point of corrupt decadant hubris that the needed changes can bring needed improvements in our society. At 50-cent gasoline, we would be expanding our present system of McMansion-building far from anywhere, adding lanes to highways and adding more wealth-sucking departments to government with no end in sight.
    Our opportunity lies in the information technology we have and a younger generation supposedly alienated from the mass interests which have become so blatantly parasitic (look at the debts!). Whether there remains enough work ethic and whether there is enough functional knowhow that can emerge from a dysfunctional system that, for example, spends the most on education with some of the poorest results, to change to a prosperous, sustainable future, is the question.
    Jul 7 07:39 AM | 17 Likes Like |Link to Comment
  • New Securitization Schemes: Just When You Thought It Was Safe [View article]
    I see an unfortunate connection here: We (our descendants, really) bail out the wealthiest segment, Wall St., making sure to keep their payscales mostly intact so "talent" wouldn't leave and this is what we get. Who could be surprised?
    They are probably major movers of the "cap and trade" swindle also. While propping markets with bailout money so they can recapitalize.
    I guess the golden rule by those with the "gold" trumps "when first we practice to deceive" as ordinary people are getting the shaft every which way.
    Jul 6 11:46 AM | 4 Likes Like |Link to Comment
  • Taxpayers: Beware GM's Decision to Build Compact in Michigan [View article]
    slowdown: If we could all take back half our income taxes, last 30 years, or better yet, not pay for all that government waste in the first place, this country would still be #1. I believe primarily it's lawyers and government that have nearly destroyed this country more than anyone else. I think that getting government and lawyers out of the way would lower the stupid legal, tax and regulatory burdens to restore us to the great way of life we have largely lost in the last 40 years. When one earner could support a family better than two can now.
    If we created low-tax and regulatory enterprise zones in distressed areas like Flint and Detroit the example of prosperity created would disrobe the stupid pretensions of our overpaid leaders who would rather take over GM and make it part of their crony capitalism schemes.
    We need to wake up and vote out our failed incumbents over and over even if they seem to be giving some of us handouts so we can get back on our feet again.
    Jul 6 10:40 AM | 5 Likes Like |Link to Comment
  • Welcome to Act II of the Great Recession [View article]
    The empty suits have shot quite a few of their spin missiles at the problem. Unfortunately, their most solid accomplishment has been to put the dollar on deathwatch and our descendants on the hook to save Wall St. Even they may be out of ammunition since they have clearly demonstrated only an ability to worsen a crisis and lie smoothly.
    Jul 6 09:31 AM | 1 Like Like |Link to Comment
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