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Obama Socialist Comments Have 'No Connection With Reality'


By tovarichpeter   Follow   Sun, 25 Mar 2012, 9:22am PDT   599 views   4 comments
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http://www.huffingtonpost.com/2012/03/25/paul-volcker-obama-socialist_n_1378213.html

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bgamall4   Sun, 25 Mar 2012, 11:45pm PDT   Share   Quote   Permalink   Like   Dislike     Comment 1

Volcker wants the casino on Wall Street and the bets to stop.

thomas.wong1986   Mon, 26 Mar 2012, 2:34pm PDT   Share   Quote   Permalink   Like   Dislike     Comment 2

tovarichpeter says

Volcker wants the casino on Wall Street and the bets to stop.

LinkedIn is trading at 1000x earnings. I do not see anyone from the Obama administration saying one word warning the public and pension funds about it being "speculative" or a "gamble". Just wait until Facebook goes IPO. whats that gonna look like... 5,000x-10,000x future earnings ?

bgamall4   Tue, 27 Mar 2012, 12:23am PDT   Share   Quote   Permalink   Like   Dislike     Comment 3

thomas.wong1986 says

LinkedIn is trading at 1000x earnings. I do not see anyone from the Obama administration saying one word warning the public and pension funds about it being "speculative" or a "gamble". Just wait until Facebook goes IPO. whats that gonna look like... 5,000x-10,000x future earnings ?

I didn't say Obama is going to stop all speculation. He isn't. It all should be stopped. However, he does want housing speculation stopped and Republicans want no speculation stopped. That includes the libertarians.

Keith McClary   Tue, 27 Mar 2012, 1:47am PDT   Share   Quote   Permalink   Like   Dislike     Comment 4

That's ridiculous. Everybody knows Obama is a Keynesian.

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