Tag: socialism

We have been told that Wall Street Investment firms are “Too big to Fail” — But that does NOT Mean they are “Too Big for Accountability”!

The Question boils down to,

Who Does the Congress Represent anyways —

The American People, or the Global Bankers (and their Lobbyists) ?

And Will the People bother to care about Wall Street Regulation this time around?

Since I’m assuming we will, here’s some essential background on the Wall Street Meltdown mess:

Credit Default Swap (CDS)

What Does Credit Default Swap (CDS) Mean?

A swap designed to transfer the credit exposure of fixed income products between parties.

http://www.investopedia.com/te…

CDS’s are an easy way to transfer Credit Risk — Check!

This diary will attempt to bring the Cold War ideological conflict between “capitalism” and “socialism” into focus.  Here I conclude that capitalism is about profit, and socialism is a vague word which could mean a number of things.  As we define capitalism and socialism, we can see that the flaws and virtues of each can be understood for the sake of struggling to create our own system of political economy, one which actually serves us.  Finally, I will comment upon the relevance of this discussion to the matter of “health care reform” currently being contested in Congress.

(crossposted at Big Orange)

What would Jesus Do about Health Care?

Good Question.

Well it sounds, like he understood how Sick People need Doctors:

Mark 2:17 GWT

When Jesus heard that, he said to them, “Healthy people don’t need a doctor; those who are sick do. I’ve come to call sinners, not people who think they have God’s approval.”

(emphasis added)

GOP Health Care Obstructionists, are you Listening???

The Pharisees, thought they were doing God’s work too.

Imagine their surprise when this upstart Carpenter, from the old neighborhood, dared to stand up to their blatant self-righteousness … and dish back to them some cold, hard truth …

Crossposted at Daily Kos

  Overlooked in the coverage of the passing of the great Senator Ted Kennedy is this ground shaking news out of France.

    France’s leading banks agreed Tuesday to curbs on the way they award bonuses, including penalties for traders who lose money for their companies, as part of a push by President Nicolas Sarkozy for worldwide limits on bonus payouts.

~snip~

    He stressed, though, that international rules are needed to keep French banks competitive, and Sarkozy promised to push the G20 meeting next month in the United States to adopt such measures.

    “While the first signs of stabilization of the economy are here, we are seeing bad habits coming back. I can’t accept that,” Sarkozy told the bankers.

    “No one has forgotten that the financial sector is at the origin of this crisis.”

sympatico.msn.ca

    Expect more below the fold.

There are some things, we just shouldn’t “Leave to the Markets” to decide what’s best

For Example:

Infrastructure

Public Schools

the Unemployed and the Uninsured

Left to their own devices, Private Interests will UNDERCUT the Public Interest, most every time!

That’s what the Profit Motive is all about — it cares more about the interests of ME, instead of the well-being of the WE, from which Societies are built.

Crossposted at [http://www.dailykos.com/story/2009/8/9/151935/4860 Daily Kos}

Change Vs NOOOO!!!

    This is my personal account of Saturday’s town hall with Representative Scott Murphy.

    I have met the wingnuts and looked into their eyes, and they are very scared, badly misinformed, angry, and dumb as hell.

    Early on the screamers tried to troll out the event. Representative Scott Murphy (D-NY20) answered back with a line that sums up the whole argument when he said

“When we are done people can tell me what they hate.”

    I have broken this diary up into four sections, including a breakdown of Congressmen Murphy’s conversations with the public and his stance on Health Care reform, as well as pictures from the event, the lobbyists role in all of this, and a statement on the need to throw bipartisanship overboard from now on.

   Having engaged the GOP base firsthand, I can easily state that these are the dumbest people in the country.

Medical bills prompt more than 60 percent of U.S. bankruptcies

By Theresa Tamkins — CNN, June 5, 2009

This year, an estimated 1.5 million Americans will declare bankruptcy. Many people may chalk up that misfortune to overspending or a lavish lifestyle, but a new study suggests that more than 60 percent of people who go bankrupt are actually capsized by medical bills.

Bankruptcies due to medical bills increased by nearly 50 percent in a six-year period, from 46 percent in 2001 to 62 percent in 2007, and most of those who filed for bankruptcy were middle-class, well-educated homeowners, according to a report that will be published in the August issue of The American Journal of Medicine.

1.5 million Americans x 60% = 900,000 Americans

that’s about 2500 more people per day

… going bankrupt from medical bills, which were NOT covered by our broken Health Insurance system

Former CIGNA Exec Wendell Potter, says Michael Moore was right!



http://www.youtube.com/watch?v…

WENDELL POTTER: I thought that he hit the nail on the head with his movie.

But the [Insurance] Industry, from the moment that the Industry learned that Michael Moore was taking on the health care industry, it was really concerned.

BILL MOYERS: What were they afraid of?

WENDELL POTTER: They were afraid that people would believe Michael Moore.

Way back in March of 2009, Rachel explained the “Highway Robbery” which happened on Wall Street, using a few simple word-pictures. (ie. simple Frames).  These perhaps deserve a quick review …

Rachel Maddow – Cops and Robbers

Link to Rachel’s very humorous  Clip

Great Framing Rachel! … I love it, when Progressive Talkers, make learning FUN! The simpler the Word-Pictures, the better the Frame!

“Is our childrens learning?” as George W. used to ask.  

Could be, … Maybe we just needed to “Turn the Page” …

It’s simply amazing, how Obstructionists operate

Step Right Up!

This magic elixir, will solve everything —

It’s called “More of the Same”

(aka “Private Insurance knows best.”)

It’s simply amazing what Paid Shills will say

to keep their Wealthy Patrons rolling in clover.