you are marxisant you wear a black turtleneck, you shave only every few days, you discuss Sartre at great length in bistros, and you kiss the feet of every decrepit soixante-huitard whom you encounter. It’s a social posture, designed to indicate that you are a member of an upscale elite.
they might work in the social services, or with an environmental group, or for Legal Aid, or in a vegetarian food-cooperative. These are the people who get righteously indignant over global warming, George Bush, racism, and whatever else is on National Public Radio’s current hate list. The fakery and the phoniness are palpable.
A population with living imaginations isn’t dependably predictable in its reactions. It can actually think for itself, which is profoundly terrifying to bureaucrats, politicians, and the business community. For all their stupid blather about entrepreneurial initiative and innovation, businessmen are the least imaginative people on earth.
The rest of this definition is here. http://thepennsylvaniareview.com/2008/08/marxisant/
Monday, October 20, 2008
Wednesday, October 15, 2008
Wednesday, October 1, 2008
socialism is the opiate of the intelligentsia
As we pick up the pieces from a Congress that let us down again, but we allow them to fix it with taxpayer money. Get it thru your partisan head, every member is owned by Wall Street (a.k.a. they receive money from companies they oversee). On the media: It's too funny how every foriegn-policy talking head is now an economic analayst. No one has any solutions, just more whining and partisan cheap shots to keep you watching.
From what I've gathered so far, the backbone of this collapse was brought on by the Fed allowing people to borrow money they couldn't pay back, then allowing companies to buy/sell them for paper profit they could cash in, no regulation (but encouragement) at the Congressional level and lastly, Alan Greenspan.
Got any solutions? Here are actual solutions that I've found interesting:
By Gretzel: A better plan to fix liquidity for less than $700 Billion :
1)Moratorium all mortgage payments on all residential real estate for 5 years or until the houses are sold. This is cheaper and guaranteed to jump start the economy. This will give the market time to sort out real estate prices and stop the foreclosures that are bringing down prices in a spiral.
2) raise the FDIC insurance to $1 million on bank accounts; this will get money out of treasuries and into bank deposits: liquidity.
3) Means test all new home loans on 29% and 33% debt ratios and minimum down payments from 10% to 33% depending on the home cost.
4) Home equity loans should be for home improvements only.
5) Credit cards should be on net 30 basis only; if you can not afford it do not buy it. 6) special finance arrangements should be available for longer term purchases like cars, but not toasters and certainly not soap.
Solution by Congress:
Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If Karl Marx were to rise from the dead today, he might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him.
From what I've gathered so far, the backbone of this collapse was brought on by the Fed allowing people to borrow money they couldn't pay back, then allowing companies to buy/sell them for paper profit they could cash in, no regulation (but encouragement) at the Congressional level and lastly, Alan Greenspan.
Got any solutions? Here are actual solutions that I've found interesting:
By Gretzel: A better plan to fix liquidity for less than $700 Billion :
1)Moratorium all mortgage payments on all residential real estate for 5 years or until the houses are sold. This is cheaper and guaranteed to jump start the economy. This will give the market time to sort out real estate prices and stop the foreclosures that are bringing down prices in a spiral.
2) raise the FDIC insurance to $1 million on bank accounts; this will get money out of treasuries and into bank deposits: liquidity.
3) Means test all new home loans on 29% and 33% debt ratios and minimum down payments from 10% to 33% depending on the home cost.
4) Home equity loans should be for home improvements only.
5) Credit cards should be on net 30 basis only; if you can not afford it do not buy it. 6) special finance arrangements should be available for longer term purchases like cars, but not toasters and certainly not soap.
Solution by Congress:
Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If Karl Marx were to rise from the dead today, he might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him.
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