A basic economic issue our society has lost its mind on

[evince]

http://www.nytimes.com/2008/09/27/business/27sec.html


S.E.C. Concedes Oversight Flaws Fueled Collapse
By STEPHEN LABATONSEPT. 26, 2008

WASHINGTON — The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street’s largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down.
The S.E.C.’s oversight responsibilities will largely shift to the Federal Reserve, though the commission will continue to oversee the brokerage units of investment banks.
Also Friday, the S.E.C.’s inspector general released a report strongly criticizing the agency’s performance in monitoring Bear Stearns before it collapsed in March. Christopher Cox, the commission chairman, said he agreed that the oversight program was “fundamentally flawed from the beginning.”

 

[evince]

the republican party caused the crash on purpose

the wealthy love a boom and bust economy

 

[Boris The Animal]

That's exactly what Democracy is!

Thank the God of Creation America is NOT a direct democracy. America IS a Constitutional Republic.

 

[Craig234]

On one had we're told we're at full employment, millions of jobs were created in the last half dozen years etc. But now you are saying no jobs were created? Well which is it?

He didn't say no jobs have been created (paying too low, though). He said that the masses of money given to the rich have not created jobs. And he's right. In fact, all that money going to the rich PREVENTS more jobs from being created.

 

[Craig234]

The wealth gap is not an accident, but the plan. The wealthy , including Bannon and Trump, are fundamentally changing America from the constitutional experiment is has been. Money = power. The wealthy are amassing it. Rightys somehow think they are exempt from the confiscation of wealth by the wealthy. Corporate profits are at all time highs. That money did not go into salary raises and benefits for the workers. It went right to the top.It doid not create jobs. This Trumpy tax cut is doing the same damn thing.

Teddy Roosevelt warned us about what the wealthy were doing. But voting for the wealthy will make us rich and powerful too, I guess. The tax plan was like giving the people a tip. Here's a buck, now park my Bently and shut up. http://onpoint.legacy.wbur.org/2010/12/15/teddy-estate

Which is why I say that this move to plutocracy is by far the biggest issue in modern times for our country and the world. Democracy is in danger.

 

[cawacko]

He didn't say no jobs have been created (paying too low, though). He said that the masses of money given to the rich have not created jobs. And he's right. In fact, all that money going to the rich PREVENTS more jobs from being created.

Ok. So are we at full employment or not? I'm not understanding the argument at 4.1% unemployment. Have jobs been created or no? (not asking with attitude just asking the question)

 

[Craig234]

Ok. So are we at full employment or not? I'm not understanding the argument at 4.1% unemployment. Have jobs been created or no? (not asking with attitude just asking the question)

The term 'full employment' is not exact. In the common use in the context of capitalism, it's widely considered 'full employment', but doesn't note a lot of things about the quality. Jobs have been created, as public and private debt has increased.

 

[PostmodernProphet]

The wealth gap is not an accident, but the plan. The wealthy , including Bannon and Trump, are fundamentally changing America from the constitutional experiment is has been. Money = power. The wealthy are amassing it. Rightys somehow think they are exempt from the confiscation of wealth by the wealthy. Corporate profits are at all time highs. That money did not go into salary raises and benefits for the workers. It went right to the top.It doid not create jobs. This Trumpy tax cut is doing the same damn thing.

Teddy Roosevelt warned us about what the wealthy were doing. But voting for the wealthy will make us rich and powerful too, I guess. The tax plan was like giving the people a tip. Here's a buck, now park my Bently and shut up. http://onpoint.legacy.wbur.org/2010/12/15/teddy-estate

news: "Money = power" is NOT a fundamental change......

 

[Nordberg]

The tax cuts for the people expire in 2025, because it was necessary to keep the damage to the debt under 1.5 trillion. If it passed that level. it required 60 votes, not a 51 vote in senate. You know the Repubs were not taking away from the rich to get to that level. The claim is 1.45 trillion. Convenient. It is called the Byrd rule. However they lied about that too. It will increase the debt a lot more than that.

 

[cawacko]

The term 'full employment' is not exact. In the common use in the context of capitalism, it's widely considered 'full employment', but doesn't note a lot of things about the quality. Jobs have been created, as public and private debt has increased.

I agree the quality of jobs is a different story. Unemployment number can be low and millions of jobs can be created but it doesn't mean they are all good type of jobs people want. Hence the economic angst many people feel in the country even with a low unemployment rate

 

[evince]

jobs that can ever be enough to live on?


geee


how can that be


you mean a corporate world that refuses to pay a decent wage ?



Hmmmmm maybe its the right time to raise the minimum wage huh

 

[evince]

On one had we're told we're at full employment, millions of jobs were created in the last half dozen years etc. But now you are saying no jobs were created? Well which is it?

the wealthy are refusinmg to pay people a living wage


they want people working two and three jobs to survive

Too over worked to niotice they are being raped by the wealthy

 

[CFM]

yes those desperately poor people are just looting you, aren't they? Ever think the problem is the amount of money that goes to the top? Teddy Roosevelt did and he was rich. He saw swollen fortunes and wealth concentration as a threat to the American system. https://www.minnpost.com/eric-black...sevelts-attack-excessive-concentration-wealth Teddy started the inheritance tax to prevent an aristocracy, Trump is killing it. Ever wonder why?

Too many demanding what someone else earned becoming theirs is a threat to the American system.

You shouldn't worry about those taxes. The single wide trailer someone will leave you won't be taxed.

 

[CFM]

the wealthy are refusinmg to pay people a living wage


they want people working two and three jobs to survive

Too over worked to niotice they are being raped by the wealthy

If an owner is paying someone doing a job requiring $5/hour skills more than $5/hour, that worker is being paid above and beyond what they should get paid.

If, as an adult, the only job someone can do involves a skill set that most kids have the ability to do by the time they're 8 years old, the problem isn't with the one paying but the one offering the low skills.

 

[cawacko]

Desh, who are the wealthy refusing to pay a living wage? Is it small business owners? Big corporations? The government?

 

[CFM]

jobs that can ever be enough to live on?


geee


how can that be


you mean a corporate world that refuses to pay a decent wage ?



Hmmmmm maybe its the right time to raise the minimum wage huh

What's not decent about paying someone with $7.25/hour skills $7.25/hour?

Maybe it's time the low skilled people start raising their skill level and EARNING more instead of demanding it be given to them.

 

[CFM]

Desh, who are the wealthy refusing to pay a living wage? Is it small business owners? Big corporations? The government?

The argument for a living wage is bullshit to start with. Anyone arguing that is saying a person should be paid enough to survive based not on their skills but that they breathe and have a heart beat.