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Debt ceiling

By StoutFiles   Follow   Thu, 30 Jun 2011, 11:31am   6,179 views   79 comments
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I'm wondering how the upcoming debt ceiling decision will change the housing market, for good or for worse. Anyone with knowledge?

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1. ¥ Follow Befriend 35 threads 5,700 comments Bellingham, WA

   40   2:14pm Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike   mdovell says The left could have removed funding the wars but they didn’t..why not? Political suicide maybe…but they could have at least said they would stick to things. "The left" wasn't running things in 2009-2010. Pelosi is a centrist, and the Dem Senate caucus was/is not "left" at all. And Obama has to win Colorado and Virginia, so even if he were a secret Marxist he still has to pander to middle America.

2. ¥ Follow Befriend 35 threads 5,700 comments Bellingham, WA

   41   2:20pm Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike (1)   timh says If we raise the debt ceiling, when the bond markets DO wake up they will raise the yie ld so high, we the U.S., will not be able to pay the debt and the economy will be so tight, making money( to pay taxes,live life, etc.) will be difficult. Screw the "bond markets". If we were smart we would just raise taxes and print. Any dollar borrowed should have been a dollar taxed. The central problem facing our economy is the trade deficits pulling hundreds of billions out of the economy every year. Plus wasteful spending on defense and healthcare that is not providing enough bang for the buck.

3. marcus Follow Befriend (5) 168 threads 5,078 comments

   42   3:42pm Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike   Troy says Good. Health is wealth. Health care should be a human right, and conservatives who disagree with this are defective people. Well said. iwog says Go here: http://www.economist.com/node/18866851 Good link, and it basically proves how far off Mish is (about one third of the time), but in his defense, I'm sure he has a lot of clients that need to know he is still a good advocate for the puppet masters. http://globaleconomicanalysis.blogspot.com/2011/06/managing-director-of-sovereign-ratings.html?source=patrick.net

4. klarek Follow Befriend (7) 1 threads 1,217 comments

   43   3:50pm Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike (1)   Troy says Pelosi is a centrist Ever wonder why nobody takes you seriously?

5. ¥ Follow Befriend 35 threads 5,700 comments Bellingham, WA

   44   4:22pm Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike   klarek says Ever wonder why nobody takes you seriously? The conservative clowns on this board, I could really care less. I have yet to see one intelligent thing posted from any of them. As for Pelosi, she is not a leftist. It's your cramped & overly ideological understanding of the world that is defective, not mine.

6. marcus Follow Befriend (5) 168 threads 5,078 comments

   45   4:25pm Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike   klarek says Ever wonder why nobody takes you seriously? I thought Troy was taken more seriously than just about anyone on this forum. Nobody is perfect. Maybe it's Troy's constant reference to facts that bothers you.

7. marcus Follow Befriend (5) 168 threads 5,078 comments

   46   4:28pm Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike   In Klarek's defense, if you listen to right wing propaganda all day, then your frame of reference would get more than a little out of whack, losing all ability to know where the center is (or where it used to be).

8. klarek Follow Befriend (7) 1 threads 1,217 comments

   47   4:30pm Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike   marcus says klarek says Ever wonder why nobody takes you seriously? I thought Troy was taken more seriously than just about anyone on this forum. Nobody is perfect. Maybe it’s Troy’s constant reference to facts that bothers you. You think ideology = facts. That's cute. Keep licking Troy's balls. Troy says The conservative clowns on this board, I could really care less. I have yet to see one intelligent thing posted from any of them. You're a partisan clown. You'll never think anything anybody says is intelligent unless it conforms with your own beliefs. You're very close-minded. Troy says As for Pelosi, she is not a leftist. It’s your cramped & overly ideological understanding of the world that is defective, not mine. Just because she's corrupt and incompetent doesn't mean she's not a leftist. If you want to paint her as a leftist, go for it. Please explain.

9. marcus Follow Befriend (5) 168 threads 5,078 comments

   48   4:51pm Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike   It's an interesting question, with us all having or biases, how do we know where the center is? A decent argument can be made that Troy is wrong, that is that in the past 30 years we have moved so far to the right, that what was and should be the center is now the left. Why? Because the super rich and the corporations own our government. For example if you think that having income (just the part that is) over 300K taxed at 39% is radical left wing, then hey maybe you are right. But again, I do like the question. What or where is the center ?

10. marcus Follow Befriend (5) 168 threads 5,078 comments

    49   4:55pm Sat 2 Jul 2011   Share   Quote   Permalink   Like (1)   Dislike   Maybe the path back to greatness for America is having more poor and less middle class. How are we supposed to compete with Asia and India when our workers are paid too well? I can see how becoming basically third world country would be good for global corporations. Except for the problem of "demand." Oh, and also that nasty little "government by the people and for the people." Where is the center? Would publicly financed elections be dangerous? If so, for whom? Are publicly financed elections a radical left wing idea? Where is the center?

11. klarek Follow Befriend (7) 1 threads 1,217 comments

    50   5:03pm Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike   marcus says It’s an interesting question, with us all having or biases, how do we know where the center is? Generally, the lexicon for defining such a thing would be the current U.S. political makeup and/or climate. That's why when a smug ideologue like Troy tries to redefine the center, the left, or even the right (without the courtesy of providing a framework to his loony world), it is cheapening the discussion. marcus says A decent argument can be made that Troy is wrong, that is that in the past 30 years we have moved so far to the right, that what was and should be the center is now the left. Why? Because the super rich and the corporations own our government. Have we? The religious right is dying. Social liberalism is in its hey day. Yes, the wealthy have their tax cuts, but they aren't going to have them forever. They can't. It only benefits ideological freaks like Troy for them to make off like bandits, so he can frame everything from that point of origin. marcus says It’s an interesting question, with us all having or biases, how do we know where the center is? A decent argument can be made that Troy is wrong, that is that in the past 30 years we have moved so far to the right, that what was and should be the center is now the left. Why? Because the super rich and the corporations own our government. For example if you think that having income (just the part that is) over 300K taxed at 39% is radical left wing, then hey maybe you are right. But again, I do like the question. What or where is the center ? It's not that Troy is wrong, it's that he is framing the general "center" from where Castro or Marx would have it. To put it kindly, that is very preachy.

12. ¥ Follow Befriend 35 threads 5,700 comments Bellingham, WA

    51   5:04pm Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike (1)   klarek says You’re a partisan clown. You’ll never think anything anybody says is intelligent unless it conforms with your own beliefs. You’re very close-minded. I actually detest the Dems, but they are the best the US system can vend right now. In my personal ideology I am a left-libertarian, which most closely matches the Norwegian and Swedish economic systems I guess. They're miles more left than Pelosi, as is Western Europe, the part not exposed to the abuses of Soviet Communism. Conservatives are just utterly 'round the bend right now. Their Creationism, Christianism, absolute dismissal of anthropogenic global warming theory, belief in "voodoo economics", mindless support of "deregulation", gay-hate, etc etc. There's not a single intelligent thing conservatives -- cultural or fiscal -- bring to the table. Just look at the clown car that is the current Republican presidential field. Huntsman would be my guy, but he's being forced to walk back his previous non-insane policy positions. The major problems this nation faces is a dollar that is too strong against our major trading partners, and the growing cost of energy, which will continue to squeeze us as peak oil meets growing global demand. And a military that is totally out of control. Ron Paul is the only voice of reason here, alas, but he's far from the conservative mainstream on this. Conservatives have zero answers to what faces this country in the 21st century. They are irrelevant.

13. klarek Follow Befriend (7) 1 threads 1,217 comments

    52   5:08pm Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike   Troy says Conservatives are just utterly ’round the bend right now. Their Creationism, Christianism, absolute dismissal of anthropogenic global warming theory, belief in “voodoo economics”, mindless support of “deregulation”, gay-hate, etc etc. I don't disagree with anything you're saying here. I just choked on my oatmeal when you said Pelosi was a centrist. Maybe you're conflating establishment Republicanism with conservatism?

14. marcus Follow Befriend (5) 168 threads 5,078 comments

    53   5:13pm Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike   If you agree (or don't disagree), then what kind of negotiating stance would you expect from a centrist democrat leader?

15. ¥ Follow Befriend 35 threads 5,700 comments Bellingham, WA

    54   5:29pm Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike   klarek says I just choked on my oatmeal when you said Pelosi was a centrist. Compared to Bernie Sanders, Kucinich, and Jesse Jackson Jr, she is. She's no leftist if the term has any meaning any more. Maybe it doesn't. Maybe you’re conflating establishment Republicanism with conservatism? What's the difference? Conservatism -- Murdoch, National Review, AEI, Manhattan Institute, Hoover Institution, etc etc -- not a damn bit of difference where the rubber meets the road. Gingrich had the temerity to slag on Ryan's medicare "reform" -- and look where that bit of honesty got him. Cato is more doctrinaire libertarian but they're being herded into the conservative money system too now.

16. ¥ Follow Befriend 35 threads 5,700 comments Bellingham, WA

    55   5:33pm Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike   klarek says it’s that he is framing the general “center” from where Castro or Marx would have it. To put it kindly, that is very preachy. Or accurate. Marx, Castro would be "far left". Sweden, Norway, would be "left". European conservatives would be centrist, as would "liberal" Democrats like Pelosi. Then we get to the right side of the spectrum which, since dinner is soon and I want to keep my appetite, I won't go into here.

17. darrellsimon Follow Befriend 14 comments

    56   11:19am Sun 3 Jul 2011   Share   Quote   Permalink   Like   Dislike (1)   mdovell says Sorry I thought I had put the post in this text. The post I am responding too along with a few others, is the sentiment that war is not useful and therefore we should not suspect our country,Nato, and other power elite groups that influence policy, of destabilizing the Middle East. Very naive. Justg one day out of the blue 3 Arab countries decided to destabilize.... or, yeah they saw the success of Tunisia and had to get sum a dat pie. And Nato? just trying to be a good neighbor to all of those democracy seekers. Look. There are regimes in the Middle East, like the Saudis for example, that have cultivated a culture that attacks this country. These regimes would fall in a day but are protected by the same powers that decide suddenly that Quadafi has to go, etc. War and destabilization makes a situation where we, Americans, are suseptable to being asked to compromise our freedoms...like the Patriot act after 9-11. This government, in the midst of a war can ask people to suspend fundamental liberties and can look like they are solving the problems while enslaving people. That is why the Middle East is being destabilized and why in bizarro fashion France (America junior under that bastard Sarcozy) is advocating attacking sovereign nations and NATO is all too happy to drop bombs on a sovereign nation. If these developments do not tell y0u something about war and why it is useful then one's head should go back in the sand and maybe the nproblems will just go away. Watch replies by email Share

18. bob2356 Follow Befriend 2 threads 2,497 comments

    57   12:25pm Sun 3 Jul 2011   Share   Quote   Permalink   Like   Dislike   StoutFiles says bob2356 says That’s odd, I seem to remember a Republican president being in office in 20 of the last 30 years that the debt has been run up. Is my memory faulty? Why do people argue about this stuff? If everyone would stop picking sides they’d realize that both parties are awful, and we shouldn’t even have them. That was my point, both parties have been culpable.

19. ¥ Follow Befriend 35 threads 5,700 comments Bellingham, WA

    58   12:39pm Sun 3 Jul 2011   Share   Quote   Permalink   Like   Dislike   bob2356 says both parties have been culpable No, one party voted to raise taxes in 1993. It cost them dearly in 1994, but it was the right thing to do. But after 1994 they're not going to make *that* mistake again.

20. mdovell Follow Befriend (4) 28 threads 776 comments

    59   5:05pm Sun 3 Jul 2011   Share   Quote   Permalink   Like   Dislike (1)   "Health care should be a human right, and conservatives who disagree with this are defective people." Ok but let's think legally here. All rights have to be within the Constitution. So just for theoretical discussion if it was an amendment and added how would it work? Since medical care contingent on medical staff meeting patients how can the public say they have the right to someone elses labor? Does anyone have the right to police, fire and EMS? They don't. Technically although all are public services nothing prevents businesses from competing. Rights cannot be take away from people. But rights as far as what we have written down are not about immediate services. You have the right to a fair trial..but that does not mean that it will be immediate and that the court system and serve everyone at once. The last time the country thought that certain people had a right to another persons labor it was under slavery. If we enacted single payer or socialized health care or which ever term you may like and doctors do not wish to go along with it then what? Would doctors be drafted like the military was? Would you still allow for private practices to occur? They are legal in the UK but illegal in Canada (although the Quebec case opens it in that area). BTW I have to ask is that single tax referring to Geoism?

21. ¥ Follow Befriend 35 threads 5,700 comments Bellingham, WA

    60   5:27pm Sun 3 Jul 2011   Share   Quote   Permalink   Like (1)   Dislike   Ok but let’s think legally here. All rights have to be within the Constitution. Agreed! So just for theoretical discussion if it was an amendment and added how would it work? "The enumeration in the Constitution of certain rights shall not be construed to deny or disparage others retained by the people." Would you still allow for private practices to occur? They are legal in the UK but illegal in Canada (although the Quebec case opens it in that area). Private practice is not totally outlawed in Canada. One approach is to allow service providers to choose whether they wish to be in the single-payer system or out of it -- if they take any insurance patients they can not bill anyone but the state. I think this is the right approach to preserve freedom and boutique providers in the system. BTW I have to ask is that single tax referring to Geoism? Related, yes. I'd like to think taxing land and its natural resources would be enough to establish a geolibertarian regime superior to eg. Sweden or Norway. But I doubt it would work so well in practice.

22. mdovell Follow Befriend (4) 28 threads 776 comments

    61   5:32pm Sun 3 Jul 2011   Share   Quote   Permalink   Like   Dislike (1)   In terms of left and right it is important to remember up and down as well. There's a good test here to see where people are http://www.politicalcompass.org Not everything is the way we think it is. If I were to tell you about a state that has a open secession movement, the most lax gun laws of the country, is the whitest state in the country and has people complain about weak border security you might be picturing some state down south but that is actually Vermont! (vermont was a country for 11 years and some want a 2nd republic, any handgun control organization will avouch for its laws, there are areas in the northern area with no border crossings etc) If I use another case that has the most generous social welfare package in the country, that the wealth that surrounds it is actually owned by the state government and largest employer is healthcare you might be picturing Massachusetts but that is actually Alaska (oil dividend, state owns the rights of the oil and Providence Health Systems last I checked is the largest employer) Now Sarah Palin will never say these things about Alaska and Howard Dean certainly won't about Vermont (or that he cut taxes and spending either) What some say and do are two different things. There is also a difference between pandering to a primary base, to a general election and then while in office. In addition not everyone that supports various parties sees issues eye to eye. The religious right is against same sex marriage but they probably have no issues with socialized medicine. Meanwhile there can be unions that can be against cap and trade because they fear their own jobs. If we want to change things politically I'd recommend the following(these are not my ideas but from others) 1) Change the presidency to one term of six years. That way there's no distractions of a reelection 2) Consolidate primaries to about two months. None of this 6-7 month long slog. Make the primaries regional and on a weekly basis starting with the lowest populated areas to the highest. Six or so states at a time should wrap it up 3)Expand the number of representatives by 100. It will dillute power..but I'd also say expand the term from two years to three. Any freshman representative is going to spend the first year learning the ropes and then the second year running for reelection..hardly anything is going to be accomplished (for either party) We might not like parties but it gives at least somewhat of a indication in terms of how a given person might act towards an issue. In Brazil they have no real strong parties. When the president is elected there is no base to serve or expectations to do anything. As a result no one knows what to expect. At least in western countries there's a tendency of a predictable left and right swing.

23. HousingWatcher Follow Befriend 285 threads 1,760 comments

    62   2:50pm Mon 4 Jul 2011   Share   Quote   Permalink   Like   Dislike   "Would you still allow for private practices to occur? They are legal in the UK but illegal in Canada" You have it in reverse. In the UK, all doctors are employed by the National Health Service. There is no private practice.

24. CL Follow Befriend (12) 140 threads 1,355 comments Emeryville, CA

    63   11:48am Wed 6 Jul 2011   Share   Quote   Permalink   Like   Dislike   Troy says klarek says it’s that he is framing the general “center” from where Castro or Marx would have it. To put it kindly, that is very preachy. Or accurate. Marx, Castro would be "far left". Sweden, Norway, would be "left". European conservatives would be centrist, as would "liberal" Democrats like Pelosi. Then we get to the right side of the spectrum which, since dinner is soon and I want to keep my appetite, I won't go into here. “Nessuna soluzione . . . nessun problema!„ I wouldn't even include Castro or other dictatorial regimes as "Left" or "liberal". I'd say post-revolution, the leftists are often left wondering how the dictatorship of the proletariat stopped at "dictatorship". Meet the new boss, same as the old boss. That said, Pelosi is not a far-left anything, unless you define America as far-left, corporatism as far-left, a lack of infrastructure and social services as far-left, laissez-faire as far-left. And by any metric, our leaders never pursue real liberal policies in the modern age.

25. bob2356 Follow Befriend 2 threads 2,497 comments

    64   12:27pm Wed 6 Jul 2011   Share   Quote   Permalink   Like   Dislike   HousingWatcher says "Would you still allow for private practices to occur? They are legal in the UK but illegal in Canada" You have it in reverse. In the UK, all doctors are employed by the National Health Service. There is no private practice. You are splitting hairs here. Doctors in the UK can have public and private patients. I don't know if they are required to do at least some work in the public system or not. But they can certainly have private practices. Don't believe me, here is one of websites listing private docs in the UK. http://www.privatehealth.co.uk/ I'm not sure why the NIH is the whipping boy of bad socialist medicine. They consistently get something like 90% satisfaction on surveys.

26. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

    65   12:43pm Wed 6 Jul 2011   Share   Quote   Permalink   Like   Dislike (1)   shrekgrinch says Troy says Pelosi is a centrist That's gotta be the funniest thing you've ever said, Troy. 'centrist' my ass. Not a centrist by a long shot... http://en.wikipedia.org/wiki/California%27s_8th_congressional_district

27. ¥ Follow Befriend 35 threads 5,700 comments Bellingham, WA

    66   1:05pm Wed 6 Jul 2011   Share   Quote   Permalink   Like   Dislike   http://www.gallup.com/poll/147662/first-time-majority-americans-favor-legal-gay-marriage.aspx http://www.angus-reid.com/polls/43190/majorities-of-americans-and-britons-believe-the-war-in-iraq-was-a-mistake/ http://www.washingtonpost.com/wp-dyn/content/article/2009/10/19/AR2009101902451.html um yeah. I could do this all day.

28. corntrollio Follow Befriend (5) 27 threads 2,073 comments

    67   1:55pm Wed 6 Jul 2011   Share   Quote   Permalink   Like   Dislike   klarek says That's why when a smug ideologue like Troy tries to redefine the center, the left, or even the right (without the courtesy of providing a framework to his loony world), it is cheapening the discussion. The problem is that Troy isn't redefining anything. Most people don't understand the political spectrum has two axes. If you look at the Political Compass link that mdovell sent, you will see that the mainstream Democratic party is right of center in the U.S. and the mainstream Republican party is farther right of center in the U.S. Moderate Democrats and moderate Republicans aren't actually "centrist." Our overall spectrum in the U.S. is quite narrow here in both directions. We don't have a serious "left" party here as other countries do -- look at the typical "Green" party in some of listed countries. What we also don't really have is the top-left and bottom-right quadrants -- examples of these can be seen on the UK link. Mike Gravel was the only bottom-right candidate in the U.S. (http://www.politicalcompass.org/uselection2008) -- technically he is right of most of the Republicans economically, but far more libertarian (and believes in things like universal healthcare and carbon taxes, but also a national sales tax to eliminate the IRS). What's also funny is that Ron Paul actually doesn't fall bottom of center into libertarianism.

29. corntrollio Follow Befriend (5) 27 threads 2,073 comments

    68   1:59pm Wed 6 Jul 2011   Share   Quote   Permalink   Like   Dislike (1)   mdovell says The odd thing is that much of the debt comes from the wars. This well-known, although the Bush tax cuts created more of it: http://www.offthechartsblog.org/what%E2%80%99s-driving-projected-debt/ We were on quite a good trajectory after the Clinton years, but it everything was screwed up quite royally afterward with the obsession over tax cuts even though our taxes are quite low overall.

30. American in Japan Follow Befriend (28) 149 threads 1,398 comments

    69   12:54am Fri 8 Jul 2011   Share   Quote   Permalink   Like   Dislike   @Troy Thanks for the links... I am amazed at how much anger has been directed away from the Iraq "campaign" and into more trivial things. Darn the NPR for putting the US in so much debt.

31. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

    70   7:24am Fri 8 Jul 2011   Share   Quote   Permalink   Like   Dislike   American in Japan says @Troy Thanks for the links... I am amazed at how much anger has been directed away from the Iraq "campaign" and into more trivial things. Darn the NPR for putting the US in so much debt. Iraq war is going to haunt us financially for decades to come and for what? No proof of WMD and no proof of danger to us from that regime. What a waste of money and American lives - much more then OBL did to us.

32. ¥ Follow Befriend 35 threads 5,700 comments Bellingham, WA

    71   9:37am Fri 8 Jul 2011   Share   Quote   Permalink   Like   Dislike   What $2-3 trillion could have bought for this country -- it's sickening really. And the same Republicans who gave us this are back in power now, calling the shots. We are a nation of idiots.

33. tatupu70 Follow Befriend (3) 15 threads 5,637 comments

    72   9:58am Fri 8 Jul 2011   Share   Quote   Permalink   Like   Dislike   shrekgrinch says Troy says um yeah. I could do this all day. What? Produce bogus polls that don't reflect actual reality? lol--I think I understand now. Reality = whatever Shrek believes. It must be nice to live in that world.

34. tatupu70 Follow Befriend (3) 15 threads 5,637 comments

    73   10:04am Fri 8 Jul 2011   Share   Quote   Permalink   Like   Dislike (2)   shrekgrinch says tatupu70 says lol--I think I understand now. Reality = whatever Shrek believes. It must be nice to live in that world. Ah, I see that just spouting denial-driven crap qualifies as an adequate response to the actual FACTUAL political realities I provided an example to? For ObamaCrats, I guess so. If you ever posted any FACTUAL information then you might have a point. Please show me the example you provided.

35. ¥ Follow Befriend 35 threads 5,700 comments Bellingham, WA

    74   10:53am Fri 8 Jul 2011   Share   Quote   Permalink   Like   Dislike   klarek says (without the courtesy of providing a framework to his loony world), it is cheapening the discussion. Left wants radical change Centrism is open to change Right fights any change, wants to undo what has been changed. This is my loony world, yes. Ooga booga.

36. wtfcapinv Follow Befriend 2 threads 210 comments

    75   2:02pm Fri 8 Jul 2011   Share   Quote   Permalink   Like   Dislike   How about my dollars drive change and your dollars drive change and the market decides what ideas win and what ideas lose? We're terrified of the unknown that we sacrifice our souls for parties because they're the most reflective of what we believe.

37. iwog Follow Befriend (48) 274 threads 12,546 comments 47 male Lafayette, CA Premium

    76   2:10pm Fri 8 Jul 2011   Share   Quote   Permalink   Like   Dislike   Protected   wtfcapinv says How about my dollars drive change and your dollars drive change and the market decides what ideas win and what ideas lose? Sure why not. Who needs the government? The free market: Worked for slavery Worked for kids in coal mines Worked for seat belts cars Worked for lead paint and asbestos Worked for cocaine in cough syrup Worked for toxic chemical dumps Worked for clean drinking water The free market solved all of those problems. Damn government just gets in the way.........

38. ¥ Follow Befriend 35 threads 5,700 comments Bellingham, WA

    77   2:21pm Fri 8 Jul 2011   Share   Quote   Permalink   Like   Dislike   wtfcapinv says How about my dollars drive change and your dollars drive change and the market decides what ideas win and what ideas lose LOL. Faith in the "market". So f-ing inane.

39. ¥ Follow Befriend 35 threads 5,700 comments Bellingham, WA

    78   2:23pm Fri 8 Jul 2011   Share   Quote   Permalink   Like   Dislike (1)   wtfcapinv says We're terrified of the unknown that we sacrifice our souls for parties because they're the most reflective of what we believe. No, I see the quality of life of Canada, Norway, Sweden, Germany, Denmark and think we can learn a lot from them. "Socialism" as practiced there isn't some unknown. What also isn't an unknown is how utterly f-ed up free-market systems become. They are entirely centrifugal in nature, making the rich richer and the poor poorer.

40. corntrollio Follow Befriend (5) 27 threads 2,073 comments

    79   2:29pm Fri 8 Jul 2011   Share   Quote   Permalink   Like   Dislike (1)   wtfcapinv says the market decides what ideas win and what ideas lose? What about when, gasp, market failure happens? Think banksters, among other things. It's also hard to argue that it's government's fault when government's missteps are what "the market" wants.

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