Comments on: The US Economy Is Completely Utterly Totally Screwed http://www.feministe.us/blog/archives/2008/07/21/the-us-economy-is-completely-utterly-totally-screwed/ In defense of the sanctimonious women's studies set. Fri, 10 Feb 2012 13:14:04 +0000 hourly 1 By: Jen http://www.feministe.us/blog/archives/2008/07/21/the-us-economy-is-completely-utterly-totally-screwed/#comment-193598 Jen Thu, 31 Jul 2008 02:12:53 +0000 http://www.feministe.us/blog/?p=7787#comment-193598 What's really pathetic is those hold-outs that still think that the ruling elites, news anchors who are more politicians than journalists, elected politicians, corporations, the feds, and the government ever gave a flying fuck about anyone other than their little 1% of the world. What’s really pathetic is those hold-outs that still think that the ruling elites, news anchors who are more politicians than journalists, elected politicians, corporations, the feds, and the government ever gave a flying fuck about anyone other than their little 1% of the world.

]]> By: Sam http://www.feministe.us/blog/archives/2008/07/21/the-us-economy-is-completely-utterly-totally-screwed/#comment-191456 Sam Wed, 23 Jul 2008 04:22:46 +0000 http://www.feministe.us/blog/?p=7787#comment-191456 Great post, very illuminating. Great post, very illuminating.

]]> By: Asal http://www.feministe.us/blog/archives/2008/07/21/the-us-economy-is-completely-utterly-totally-screwed/#comment-191407 Asal Wed, 23 Jul 2008 01:35:33 +0000 http://www.feministe.us/blog/?p=7787#comment-191407 Thanks Onymous, that's exactly what I was thinking. Thanks Onymous, that’s exactly what I was thinking.

]]> By: anon http://www.feministe.us/blog/archives/2008/07/21/the-us-economy-is-completely-utterly-totally-screwed/#comment-191405 anon Wed, 23 Jul 2008 01:23:51 +0000 http://www.feministe.us/blog/?p=7787#comment-191405 Last Sunday I watched the McLaughlin Group and was a bit alarmed about their discussion on the economy. It was a roller coaster ride of panic and reassurance. It was ridiculous. But one thing that annoyed me was they kept mentioning if you have over $100,00.00 in the bank spread it around. I am really not into economics and have never had a bank account with that amount of money in it. So, I was confused until someone educated me that the FDIC only insures money up to that amount. I wonder who really benefits from these types of show? They seem coded for the rich. If Enron or mortgage companies going bankrupt and CEOs walking off with billions were to occur in the late 1700s things would not be tolerated like they are today. Last Sunday I watched the McLaughlin Group and was a bit alarmed about their discussion on the economy. It was a roller coaster ride of panic and reassurance. It was ridiculous. But one thing that annoyed me was they kept mentioning if you have over $100,00.00 in the bank spread it around. I am really not into economics and have never had a bank account with that amount of money in it. So, I was confused until someone educated me that the FDIC only insures money up to that amount. I wonder who really benefits from these types of show? They seem coded for the rich. If Enron or mortgage companies going bankrupt and CEOs walking off with billions were to occur in the late 1700s things would not be tolerated like they are today.

]]> By: Onymous http://www.feministe.us/blog/archives/2008/07/21/the-us-economy-is-completely-utterly-totally-screwed/#comment-191348 Onymous Tue, 22 Jul 2008 21:03:18 +0000 http://www.feministe.us/blog/?p=7787#comment-191348 Who let you post? All you did was call financial news anchors liars for several paragraphs with a complete lack of evidence. You didn't advance a single argument for your thesis. when asked for a solution you laughed. It's reads like a troll. Who let you post?

All you did was call financial news anchors liars for several paragraphs with a complete lack of evidence. You didn’t advance a single argument for your thesis. when asked for a solution you laughed.

It’s reads like a troll.

]]> By: Elena Perez http://www.feministe.us/blog/archives/2008/07/21/the-us-economy-is-completely-utterly-totally-screwed/#comment-191321 Elena Perez Tue, 22 Jul 2008 19:13:04 +0000 http://www.feministe.us/blog/?p=7787#comment-191321 Wish I had read this before I made my post on the economy over at the California NOW blog: http://www.canow.org/canoworg/economics/ Wish I had read this before I made my post on the economy over at the California NOW blog: http://www.canow.org/canoworg/economics/

]]> By: Brendan http://www.feministe.us/blog/archives/2008/07/21/the-us-economy-is-completely-utterly-totally-screwed/#comment-191231 Brendan Tue, 22 Jul 2008 14:57:37 +0000 http://www.feministe.us/blog/?p=7787#comment-191231 dananddanica, I think most progressives have even less love for big pharma than for Exxon. I do wish I knew what exactly PhysioProf is talking about even though I agree with the overall point. Is he talking about actual corporate crime or just the generally shady nature of modern structured finance? Also have to take issue with this: "And the ideological underpinnings of this massive theft of wealth are the clearly espoused principles of lassez faire free-market capitalism that are one leg of the depraved neo-feudal platform of the conservative political movement." I have no time for free-market dogma either, but that's not what this is. The analogy is a casino, not an open marketplace; the financial elites get to be the house (which always wins). dananddanica, I think most progressives have even less love for big pharma than for Exxon.

I do wish I knew what exactly PhysioProf is talking about even though I agree with the overall point. Is he talking about actual corporate crime or just the generally shady nature of modern structured finance?

Also have to take issue with this: “And the ideological underpinnings of this massive theft of wealth are the clearly espoused principles of lassez faire free-market capitalism that are one leg of the depraved neo-feudal platform of the conservative political movement.”

I have no time for free-market dogma either, but that’s not what this is. The analogy is a casino, not an open marketplace; the financial elites get to be the house (which always wins).

]]> By: Kristen http://www.feministe.us/blog/archives/2008/07/21/the-us-economy-is-completely-utterly-totally-screwed/#comment-191230 Kristen Tue, 22 Jul 2008 14:56:33 +0000 http://www.feministe.us/blog/?p=7787#comment-191230 *sigh* while I join in your irritation for most of the economists in the mainstream media...the US economy is not in such dire straights as of yet. We've been in much worse situations before and our economy recovers mainly because money moves to profit and even in a down market there are investment and expansion opportunities. Do we have some long term problems...absolutely, but I don't understand the need to panic. Panic makes people look to their short term needs rather than working on long term solutions (hence that stupid gas tax holiday). *sigh* while I join in your irritation for most of the economists in the mainstream media…the US economy is not in such dire straights as of yet. We’ve been in much worse situations before and our economy recovers mainly because money moves to profit and even in a down market there are investment and expansion opportunities. Do we have some long term problems…absolutely, but I don’t understand the need to panic. Panic makes people look to their short term needs rather than working on long term solutions (hence that stupid gas tax holiday).

]]> By: dananddanica http://www.feministe.us/blog/archives/2008/07/21/the-us-economy-is-completely-utterly-totally-screwed/#comment-191209 dananddanica Tue, 22 Jul 2008 13:37:31 +0000 http://www.feministe.us/blog/?p=7787#comment-191209 Interesting post. I do find some of the analysis from some of the shows and especially the WSJ and Barrons very good and informative. As a working stiff I've been able to earn quite a bit in the market using little more than a library card to educate myself and starting extremely small and building over time. I agree there is a lot of bullshit out there and many economists get things terribly wrong but how well researched is your stuff? The MSM on this issue is the same as it is with many others, idiotic. But there are a lot of other resources out there and people calling whats happening for what it is, those people just arent jim cramer. Its a complicated thing but on no other topic have I seen my fellow progressives send out so much hatred while having little knowledge of how things actually work, such as berating exxon for making 10 billion in a quarter despite oil being a 1.5 trillion dollar industry and having less return on dollar invested than big pharma, defense, or a number of other sectors/markets. I don't get it. Interesting post. I do find some of the analysis from some of the shows and especially the WSJ and Barrons very good and informative. As a working stiff I’ve been able to earn quite a bit in the market using little more than a library card to educate myself and starting extremely small and building over time. I agree there is a lot of bullshit out there and many economists get things terribly wrong but how well researched is your stuff? The MSM on this issue is the same as it is with many others, idiotic. But there are a lot of other resources out there and people calling whats happening for what it is, those people just arent jim cramer. Its a complicated thing but on no other topic have I seen my fellow progressives send out so much hatred while having little knowledge of how things actually work, such as berating exxon for making 10 billion in a quarter despite oil being a 1.5 trillion dollar industry and having less return on dollar invested than big pharma, defense, or a number of other sectors/markets. I don’t get it.

]]> By: PhysioProf http://www.feministe.us/blog/archives/2008/07/21/the-us-economy-is-completely-utterly-totally-screwed/#comment-191191 PhysioProf Tue, 22 Jul 2008 12:01:49 +0000 http://www.feministe.us/blog/?p=7787#comment-191191 <blockquote>Sounds good to me, but what’s the solution?</blockquote> Solution? HAHAHAHAHAH!

Sounds good to me, but what’s the solution?

Solution? HAHAHAHAHAH!

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