You socialists are so misinformed. The federal reserve is a banking cartel. Every time a bank fails, or a failed corporation fucks up, Congress borrows money from the federal reserve and they call it a bailout.
Who pays for this bailout? You dumbass socialists!!!! Why is the dollar store now 1.25 after congress spent as much money as they spent since 1776 in one year? You dumbass socialists voted in politicians promising you free shit while they get donations from the banks so the banks can keep loaning out bad loans at taxpayers expense
If you ask me, the Democrat and Republican Parties these days are socialism and socialism lite, when it comes to economics hardly any difference between the two. Our national debt keeps going up in the meantime, and what do the Dems and Repubs suggest we do about it? You guessed it, spend even more money that of which we don't really have.
At this point, I'm willing to give a third-Party a chance to see what they could do. Libertarian Party anyone??
Well it was Reagan who appointed Ayn Rand acolyte Alan Greenspan to the Fed. And it was a bipartisan move under Clinton to deregulate the financial industry and gut the New Deal era Glass-Steagall firewall. And Greenspan then thought slashing interest rates apt after 9-11. Then Obama inherited the aftermath of a popped housing bubble and also got captured by the financial sector if he wasn’t a neolib already.
As for TBTF bailouts the resulting ire spawned Occupy, who were somewhat leftish. The far Left and socialism are kinda sour on corporate crony capitalism and regulatory capture, no?
And debt is a bipartisan affair. The supply-sider love of steep tax cuts didn’t help. The defense sector were greedy constituents of the Right.
Back to the Fed and quantitative easing there may be no easy painless way back from the abyss:
[politico.com]
I see that you have found the secret. This means that you are not like all the rest of us who help pay for this shit. Why are you excluded from this? There must be a form you fill out where they return the tax money you have paid in. Most of us know the Federal Reserve is not Federal. Please tell us how to get rid of politicians who promise us free shit. I'm afraid the Capital attack of a year ago and the current spin of the GOP is not the answer. We live in power grab times. This is not the Bilderberg Group of 1954 that you have to fight. BTW, banks do not want to keep giving bad loans. It's just that the people are told lies ad the bottom line about everything is money and the making of money. 1488 would suck you right up and you would think you were on the "right side" of things. Wake up.
@Beachslim7 Hello. Are you a taxpayer? This is a yes or no question.
@Beachslim7 Is it 1945 socialism or something that got invented in the last 5 years?
@Beachslim7 So you are not for welfare programs in New York. How about other states and what do those who need welfare do? Starve, rob a bank, or what?
Who pays for the tax cuts given to the top 1%?
There aren't many Socialists in Congress - so, your attack is bullshit. Forcing companies to pay stock dividends and not keep money for a "rainy day" has brought about more in corporate welfare from the government - including, but not only, the auto industry and banks.
@Beachslim7 OK, dumbass, learn to fucking read. Trump gave the 1% biggest gift in history. So, fucking "dumbass," I mentioned that as a big fucking problem. AND, who bailed out the fucking banks and auto companies, "dumbass?" Also, dumbass, define socialist. Biden, sure as fuck, isn't one. Got figures on that 20% inflation, DUMBASS?
Get back to me later, Dumbass.
@Beachslim7 Pretty sure socialists have never been fond of MBNA Biden from Delaware, a corporate friendly credit card state. What was his stance on bankruptcy reform (BAPCPA)?
@Beachslim7 as a narcissistic bitch, I wouldn't allow your scum sucking, cunt eared lips near my dick, even if your daddy damaged pshyche begged me and your whore mother wrote me a nice letter extolling your virtues and explaining your animal mutilation tendencies in a meaningful way. Remember, always iron and tuck
In your Brown shirt.