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Edited by Mrph1 on Nov 30th 2023 at 11:03:59 AM
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Right, and I assume Gordon Gekko's a saint in your books?
Unfortunately in a culture that actively encourages anti-intellectualism, some simplification will be needed. I mean, the Rust Belt was sold on the basis of multiple policies that would worsen their lot...
I have disagreed with her a lot, but comparing her to republicans and propagandists of dictatorships is really low. - An idiotWell, there is not much love gor banks here. And you have not given arguments as to why Warren's opinions (hers, not a strawmanned version thereof as is so common) are wrong.
"For a successful technology, reality must take precedence over public relations, for Nature cannot be fooled." - Richard Feynman
I don't appreciate being strawmanned, in any case.
Anyway, I'm glad you asked, friend. Let's just quote her:
Additionally, her entire "too to fail" argument was based on a false premise:
1. We didn't bail out the big banks because they were deposit banks and ordinary Americans would have lost their money. Most of the bailed out institutions weren't deposit banks and the financial crisis and subsequent bailout really had nothing to do with deposit banks. The big banks had to be bailed out because they were part of the shadow banking system (which isn't remotely subject to Glass-Steagall).
2. The idea that just by breaking up you will eliminate or drastically reduce risk is utter nonsense. The savings and loans crisis of the 1980s proves that having thousands of small banks probably actually magnifies the risk of a financial crisis. Thousands of small banks will still run like lemmings off a cliff and cause a huge financial crisis with their aggregate stupidity. Except now it's much harder to regulate and monitor 5,000 regional banks than it is to monitor 5 national banks.
Warren also stated that the minimum wage should be $22
if inequality wasn't rampant.
Finally, her premise that wages haven't kept pace (based on the study she was citing) with productivity is another myth that I truly hate. Rather than posting a bunch of articles and graphs, I'll just link this intuitive and convenient little video.
There's a lot of occasions I can cite where she put ideology above facts, but I think I've made my opinion clear enough. Plus, it's midnight here. 'night.
edited 17th Nov '16 12:49:16 AM by MonsieurThenardier
"It is very easy to be kind; the difficulty lies in being just."You've said it before, you've yet to explain it though, how is she misinformed, what has she said that marks her as economically illiterate?
What damage? Yes he told people that there was a problem and that the system had corruption and insider training issues, he also said that there was a left wing answer to the problem and that the Democratic Party was offering it. In case you didn't notice he wasn't the only person pointing out the current problems, the propel he swung weren't people he turned from loyal democrats into angry Green Party voters, they were people who would have either stayed home, voted Green or voted for Trump, some of them still did those things despite Bernie, but it wasn't in spite of him, not because of him.
I've got a breaking global ecneomic system that disagrees with you, plus an increasing level of wealth inequality that makes strong secondary arguments. Sure not all banks are like that, but let's not pretend that the larger financial instuties aren't currently a gigantic contributor to both ecneomic uncertainty and inequality.
“And the Bunny nails it!” ~ Gabrael “If the UN can get through a day without everyone strangling everyone else so can we.” ~ CyranOrrin Hatch may have just torpedoed any scheme the GOP had about ending the filibuster.
This is...something passing for good news, right? If he really is able to preserve it, then the Democrats would still have that weapon in their arsenal in case of emergencies.
Unless Trump and his Death Eaters manage to just flat-out bypass the Senate with all of their worst agendas, that is.
"We'll take the next chance, and the next, until we win, or the chances are spent."He's pointing out, wisely, that their party's been at a disadvantage more often than not, and that there's no true guarantee that they'll maintain this current advantage. That's the thing with the system we have; that which benefits you today might benefit your opponents tomorrow.
@Thenardier: I"m pretty sure Warren's point about what the minimum wage should have been has to do with the fact that wages have stalled relative to other things in like the past forty years. Saying that it's higher than the current median wage as it exists currently is probably ignoring the context of her argument. The idea that wages in America have have been depressed due to various factors (right to work states, people at the top lobbying against wage rises, etc.) is one that's been floating around for a while.
I'm glad democratic leadership, unlike many people here to their credit, doesn't seem as eager to throw Sanders under the bus and stick their heads further up their own ass like the GOP did in 2012, completely ignoring what's wrong with the party, blaming their base for their loss, and eventually producing an authoritarian candidate who represents the very worst they have to offer.
The "thank you for donating" certificates are sent to whoever is listed as the donor. So, Pence's office in Indiana is going to be flooded with those certificates. And he can't do anything about it.
Judging from a couple tweets, Planned Parenthood is perfectly aware of what's happening, but they have a standard procedure that they're following. The increase in donations also mean that Planned Parenthood has a bit more of a buffer against defunding.
EDIT: From the "Letters From the West" section of my local paper, the Idaho Statesman:
It describes Twin falls, Idaho's experience with Breitbart, such as their attempt to link a (false) story about refugees sexually assaulting a child with Chobani, a yogurt maker with a factory in Twin Falls, a founder who is a Turkish immigrant of Kurdish descent, and a history of hiring refugees.
edited 17th Nov '16 6:32:36 AM by sgamer82
