patrick.net

Vicente says

Once I did understand it, I had to leave.

Again, there not much substance.

Vicente says

ibertarian ideology is it allows financiers and other fraudsters

Really?? I thought they are all liberals wanting to get free bailouts for the sake of greater good.

You are too critical of libertarianism. Sure it has it's pitfalls, but so does everything else.

gsr says

Really?? I thought they are all liberals wanting to get free bailouts for the sake of greater good.

Rick Santelli and many other finance people like libertarianism. Well at least the parts that say they deserve piles of money any way they can come by it, as long as they aren't initiating force. It's very freeing to repeat "greed is good" and "fraud doesn't really exist" after all, really helps you sleep.

Vicente says

gsr says

Really?? I thought they are all liberals wanting to get free bailouts for the sake of greater good.

Rick Santelli and many other finance people like libertarianism.

You are spreading misinformation. Rick Santelli did not support the bailout as far as I can see.
http://www.youtube.com/embed/I-1g0OZJIdk

Vicente says

It's very freeing to repeat "greed is good" and "fraud doesn't really exist" after all, really helps you sleep.

You are arguing against a straw man.
I don't think anyone believes that "fraud does not exist". The biggest fraudsters are under protection of the state.

gsr says

You are spreading misinformation. Rick Santelli did not support the bailout as far as I can see.

Rick Santelli's employer, CNBC, is owned by General Electric, which received $139 billion in loan guarantees from the federal government to remain in business.

The taxpayers are paying Rick Santelli's salary.

gsr says

You are spreading misinformation. Rick Santelli did not support the bailout as far as I can see.

Santelli was fine with bailouts as long as it went to his friends in finance. When GE Capital Corp got many billions in loans to keep the lights on, was he ranting on-air about that? NOOOPE! He only went Full Teabagger when it started to be expanded to citizens next door.

El HydroCabron says

Rick Santelli's employer, CNBC, is owned by General Electric, which received $139 billion in loan guarantees from the federal government to remain in business.

That was true at the time of his rants, but is no longer true. In 2011, NBCUniversal became 51% owned by Comcast, with GE retaining 49%, and in 2013, it became completely owned by Comcast.

Comcast, of course, has several government regulations that protect its business and raise high barriers to entry to competitors.

Of course, the overall point of HydroCabron (great alias, btw) and Vicente is that Santelli is a cheap hack. He was fine with bailouts for corporate entities but just wanted to ensure the little guy got fucked. According to Santelli, a deal is a deal except when it involves some big bankster.

El HydroCabron says

The taxpayers are paying Rick Santelli's salary.

This is like saying all people in bread lines of a communist society believed in communism.

Vicente says

Santelli was fine with bailouts as long as it went to his friends in finance.

I think 99% of CNBC folks supported bank bailouts, and even more so than Rick Santelli. They always side with big banks, and their frauds.

Vicente says

Many people misuse the label Ponzi Scheme. You have lots of company.

Exactly! For example, some people even claim that Krugman referred to Social Security as a "Ponzi Scheme." They are wrong! He never referred to it as a "Ponzi Scheme," He referred to it as a "Ponzi Game." It is an important distinction in the eyes of those who deny it is any such thing...

http://www.zerohedge.com/news/paul-krugman-social-security-ponzi-scheme-and-will-soon-be-over

Vicente says

Former Libertarian here

Oh? I thought you were a former "Staunch Republican?"

corntrollio says

Libertarianism taken to its logical extreme is anarcho-capitalism.

Today's "liberalism" and "progressivism" in the US, taken to its "logical extreme" is complete central government control over the entire economy - totalitarianism.

Vicente says

Rick Santelli and many other finance people like libertarianism. Well at least the parts that say they deserve piles of money any way they can come by it

They ignore the part of Libertarianism that states people can do what-the-fuck-ever they want to as long as they aren't infringing on other people's rights. For example, Libertarianism means that thirty guys can have a butt-fucking orgy in public while a lesbo midget pulls an American flag out of her vag and then blows her nose into it.

Libertarianism says that there should be no rules about either economic or social behavior except those that explicitly protect people's rights.

Republicans who claim Libertarian values only embrace the "no rules for economic" behavior part.

Paralithodes says

Vicente says

Former Libertarian here

Oh? I thought you were a former "Staunch Republican?"

Back in the day I also called myself "independent" sometimes. You know when you are firmly committed to FREEDOM you want to pretend you don't doggedly follow a party. It was strictly COINCIDENCE that I voted for Republicans and was registered as a Republican. Once in a while there was actually a Libertarian on a ballot and maybe I got to throw my vote away there. In retrospect I was staunch Republican with Libertarian crunchy topping, and plenty of hypocrite sauce.

Found a box of Ayn Rand books as well as a bunch of Cato literature in the garage, thinking to toss them in the recycle rather risk spread of the infection therein.

Vicente says

Back in the day I also called myself "independent" sometimes. You know when you are firmly committed to FREEDOM you want to pretend you don't doggedly follow a party. It was strictly COINCIDENCE that I voted for Republicans and was registered as a Republican. Once in a while there was actually a Libertarian on a ballot and maybe I got to throw my vote away there. In retrospect I was staunch Republican with Libertarian crunchy topping, and plenty of hypocrite sauce.

Found a box of Ayn Rand books as well as a bunch of Cato literature in the garage, thinking to toss them in the recycle rather risk spread of the infection therein.

Whats the point of it all, when the only 2 options are full of "hypocrite sauce". Damned if you do, damned if you don't. Pick your poison and stick to it?