Comments on: Obama’s Latest No Banker Left Behind Scheme

By: sastry.m

sastry.m — Tue, 31 Mar 2009 12:51:16 +0000

It appears that monitory economy is more concerned to the professed minds which created it rather than really benefiting common people as a medium of exchange in their daily transaction. The fundamental distinction is between the intrinsic values for dire necessities of life maintenance and the promissory values attributed to the bank notes of currency regulating transactional exchanges. While the printed value of each denomination of currency note remains the same the exchange value as a guiding mean to rate human actions in a transactional manner is highly erratic and irrational. For example a 100 dollar note may recompense the toils of a daily worker but would hardly suffice to cure sneezing bouts of a well paid CEO and so also in paying the promised yearly bonuses of hardworking bank executives working in cozy office rooms than the welfare of their clients who caused their system of livelihood. When human values are traded to the benefit of self service and common people are exploited by professed administrators the ills of transactional economy will only be perpetuated causing pain for many for the comforts of a few.

By: Brian

Brian — Sun, 29 Mar 2009 14:57:55 +0000

I can’t think of a better analysis—with solutions—anywhere, and I’ve read as much as possible.

And, no, the taxpayers aren’t going to complain about this. They judge Obama on “performance,” not policy.

You can put your sunglasses away; the future ain’t bright.

By: Don Hawkins

Don Hawkins — Sun, 29 Mar 2009 13:06:13 +0000

“While encampments and street living have always been a part of the landscape in big cities like Los Angeles and New York, these new tent cities have taken root — or grown from smaller enclaves of the homeless as more people lose jobs and housing — in such disparate places as Nashville, Olympia, Wash., and St. Petersburg, Fla.,” the Times reports USA

TARP cities as no bankers left behind. It will get better back to normal very soon listen to your leaders pay your bills and have hope. Watch CNN and Fox News stay informed. The radio is good to Rush gives good advice and there are many more trying to help wise one’s. Oh and don’t forget to put your boots on and think of this as kind of a war. I forgot buy stock only one share will help Exxon is a safe bet and the banks are good too Goldman has a good rating. USA USA USA drill baby drill. I watch Glenn Beck and we have to be careful because he thinks we are headed to Marx with people like Lenin and Stalin making a come back. I wonder if there is a Lenin or Stalin in one of those TARP cities you know someone with those special glasses that see’s the World in real terms? I see demonstrators already at the G-20 the nerve of those people. Water cannons will cool them down. IBM is good and was just rated a buy. Things will be back to normal very soon listen to your leaders and no one will be left behind and get some boots.

By: bozh

bozh — Sat, 28 Mar 2009 20:55:42 +0000

for my peace of mind, it wld be nice if US economy shrinks by at least 50%; amers will have earned it and then cld boast that they saved the world from warming, searise, floods and the damn mosquitos.
amers cld also be relieved that almost noone wld blame them any more for what they are.
and US might fanally abandon israel; leave p’stan, afgh’n, iraq; lay off 200T cia agents; legalize drugs, etc.
and best of all, the whores wld not cost that much; mind you it’s never be free but the price for a work might go dwn to $10 per.
sexcare was once easily available.
about 300yrs ago, indigenous maidens provided sexcare for almost free; that is to say, injun maidens [the fuckees] actually paid the fuckers by laboring for them.
at that time priests in canada had free sexcare; long, long before they obtained free healthcare.
tnx

By: Deadbeat

Deadbeat — Sat, 28 Mar 2009 20:50:43 +0000

The outgrowth of the PPIP and other alphabet soup of programs that effectively bailout the banking system is to KEEP ordinary folks in DEBT. Therefore the only real jobs program that will emerge from the Obama Administration will be a demand for debt collectors.

The notion of “getting credit flowing again” really means a new round of expanded DEBT and no saving whatsoever. And in order to pay for bailing out the banks means greater austerity. This isn’t going to bode well for ordinary citizens.

As tent cities grows and as people default on their debts, the monopolized credit scores will be used to prevent people from getting access to vital resources in order to live a decent life. This doesn’t seem be addressed at all from the Left. IMO the radical thing to do is to become a DEADBEAT and for people to CANCEL their own damn debts if the gov’t won’t.

Banking IS the problem. Banking is unnecessary and offers nothing but to have people pay unfair usurious fees in order to obtain access to resources. Yet many on the Left chat about how they can “fix” Capitalism or some adverb Capitalism. The whole system needs to be scraped.