View Poll Results: Unemployment....why???

Voters
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  • Conservative policies

    22 16.18%
  • Liberal policies

    83 61.03%
  • both

    22 16.18%
  • our greed

    21 15.44%
  • other, please explain.

    26 19.12%
Multiple Choice Poll.
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Thread: Why the unemployment? A poll

  1. #81
    Educator Gabriel's Avatar
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Harry Guerrilla View Post
    I don't care what Greenspan says.
    The legislative branch can, at anytime, redefine the role of the Federal Reserve.
    To blame Austrians for the current economic situation is ridiculous.
    They are not subect to a federal audit for what reason?

  2. #82
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Gabriel View Post
    They are not subect to a federal audit for what reason?
    They do their own internal audits.
    That is the way they were formed, so that regular politics wouldn't interfere with their actions.

    But as I said, the legislative branch can do anything they want with the Fed.
    Case in point.
    Sweeping Support for Federal Reserve Audit Means Likely Senate Pass | ChattahBox News Blog
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  3. #83
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Gabriel View Post
    They are not subect to a federal audit for what reason?
    EDIT: methodological individualism or self regulation .. or deregulation however you like is an Austrian understanding for self governance. Which is exactly what the money managers were subject to in terms of regulatory forces.

  4. #84
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Gabriel View Post
    EDIT: methodological individualism or self regulation .. or deregulation however you like is an Austrian understanding for self governance. Which is exactly what the money managers were subject to in terms of regulatory forces.
    And those people are appointed by the President.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  5. #85
    Educator Gabriel's Avatar
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Harry Guerrilla View Post
    They do their own internal audits.
    That is the way they were formed, so that regular politics wouldn't interfere with their actions.

    But as I said, the legislative branch can do anything they want with the Fed.
    Case in point.
    Sweeping Support for Federal Reserve Audit Means Likely Senate Pass | ChattahBox News Blog
    Well at least from here on out your just making juvenile semantic arguments.

  6. #86
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Harry Guerrilla View Post
    And those people are appointed by the President.
    I can assure you Goldman Sachs employees are not appointed by the government.. err unless your are talking about the market being the government. You are confused.. significantly.

  7. #87
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Gabriel View Post
    Well at least from here on out your just making juvenile semantic arguments.
    Not at all, you said they were a private entity, which is false.
    You said they were self regulated, which also not entirely true.

    The fact is that no Austrian would design and operate a system like ours.
    It creates to many inequalities that otherwise wouldn't naturally exist.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  8. #88
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Harry Guerrilla View Post
    Not at all, you said they were a private entity, which is false.
    You said they were self regulated, which also not entirely true.

    The fact is that no Austrian would design and operate a system like ours.
    It creates to many inequalities that otherwise wouldn't naturally exist.
    Government agencies are subject to government regulation. I am about done with this your brow beating will at least give you the last word.

    Take some time and learn about your federal reserves history.



    edit:
    Last edited by Gabriel; 07-19-10 at 12:02 AM.

  9. #89
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Goldenboy219 View Post
    Do you really believe happy meal toys being made in the US is a positive for current and future growth outlooks?
    Not at all. I believe that power tools, electronics, and clothing made in the US is a positive.
    "God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
    -C G Jung

  10. #90
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Gabriel View Post
    I can assure you Goldman Sachs employees are not appointed by the government.. err unless your are talking about the market being the government. You are confused.. significantly.
    Actually, it seems to be former Goldman sachs employees getting appointed into government positions.

    You may be interested in a couple of links, plus I recommend Matt Tabbi's series on the financial meltdown (for interesting reading if nothing else)

    Even Elana Kagan was a former GS girl.


    White House officials yesterday released their personal financial disclosure forms, and included in the millions of dollars which top Obama economics adviser Larry Summers made from Wall Street in 2008 is this detail:
    Lawrence H. Summers, one of President Obama's top economic advisers, collected roughly $5.2 million in compensation from hedge fund D.E. Shaw over the past year and was paid more than $2.7 million in speaking fees by several troubled Wall Street firms and other organizations. . . .
    Financial institutions including JP Morgan Chase, Citigroup, Goldman Sachs, Lehman Brothers and Merrill Lynch paid Summers for speaking appearances in 2008. Fees ranged from $45,000 for a Nov. 12 Merrill Lynch appearance to $135,000 for an April 16 visit to Goldman Sachs, according to his disclosure form.
    That's $135,000 paid by Goldman Sachs to Summers -- for a one-day visit. And the payment was made at a time -- in April, 2008 -- when everyone assumed that the next President would either be Barack Obama or Hillary Clinton and that Larry Summers would therefore become exactly what he now is: the most influential financial official in the U.S. Government (and the $45,000 Merrill Lynch payment came 8 days after Obama's election). Goldman would not be able to make a one-day $135,000 payment to Summers now that he is Obama's top economics adviser, but doing so a few months beforehand was obviously something about which neither parties felt any compunction. It's basically an advanced bribe. And it's paying off in spades. And none of it seemed to bother Obama in the slightest when he first strongly considered naming Summers as Treasury Secretary and then named him his top economics adviser instead (thereby avoiding the need for Senate confirmation), knowing that Summers would exert great influence in determining who benefited from the government's response to the financial crisis.
    Last night, former Reagan-era S&L regulator and current University of Missouri Professor Bill Black was on Bill Moyers' Journal and detailed the magnitude of what he called the on-going massive fraud, the role Tim Geithner played in it before being promoted to Treasury Secretary (where he continues to abet it), and -- most amazingly of all -- the crusade led by Alan Greenspan, former Goldman CEO Robert Rubin (Geithner's mentor) and Larry Summers in the late 1990s to block the efforts of top regulators (especially Brooksley Born, head of the Commodities Futures Trading Commission) to regulate the exact financial derivatives market that became the principal cause of the global financial crisis. To get a sense for how deep and massive is the on-going fraud and the key role played in it by key Obama officials, I highly recommend watching that Black interview (it can be seen here and the transcript is here).
    continued at:http://www.salon.com/news/opinion/glenn_greenwald/2009/04/04/summers



    A CBS News analysis of the revolving door between Goldman and government reveals at least four dozen former employees, lobbyists or advisers at the highest reaches of power both in Washington and around the world.
    The Influence and Power of Goldman Sachs
    For example, former Treasury Secretary Henry Paulson is a former Goldman CEO; Arthur Levitt, the head of the Securities and Exchange Commission is a now a Goldman adviser; and former House Majority Leader Dick Gephardt is now a paid lobbyist for the firm.
    Our alphabetical list:
    Joshua Bolten

    Government: President George W. Bush's Chief of Staff from 2006-2009; Director of Office of Management and Budget from 2003-2006; White House Deputy Chief of Staff from January 20, 2001 - June 2003.
    Goldman: Executive Director of Legal Affairs for Goldman based in London aka the bank's chief lobbyist to the EU from 1994-1999.
    Kenneth D. Brody

    Government: President and Chairman of the Export-Import Bank of the United States (1993-1996).
    Goldman: Former general partner and member of the Management Committee at Goldman Sachs where he worked from 1971-1991.
    Kathleen Brown

    Government: Former California State Treasurer
    Goldman: Senior Advisor responsible for Public Finance, Western Region.
    Mark Carney

    Government: Governor of the Bank of Canada since 2008.
    Goldman: Mr. Carney had a thirteen-year career with Goldman Sachs in its London, Tokyo, New York, and Toronto offices. His progressively senior positions included Co-Head of Sovereign Risk; Executive Director, Emerging Debt Capital Markets; and Managing Director, Investment Banking. He stated at Goldman in 1995.
    Robert Cogorno

    Government: Former Gephardt aide and one-time floor director for Steny Hoyer (D-MD.), the No. 2 House Democrat.
    Goldman: Works for [Steve] Elmendorf Strategies, which lobbies for Goldman.
    Kenneth Connolly

    Government: Staff Director of the Senate Environment & Public Works Committee 2001-2006.
    Goldman: Vice President at Goldman from June 2008 - present.
    E. Gerald Corrigan

    Government: President of the New York Fed from 1985 to 1993.
    Goldman: Joined Goldman Sachs in 1994 and currently is a partner and managing director; he was also appointed chairman of GS Bank USA, the firm's holding company, in September 2008.
    Jon Corzine

    Government: Governor of New Jersey from 2006-2010; U.S. Senator from 2001-2006 where he served on the Banking and Budget Committees.
    Goldman: Former Goldman CEO. Worked at Goldman from 1975-1998.
    Gavyn Davies

    Government: Former chairman of the BBC from 2001 -2004.
    Goldman: Chief Economist at Goldman where he worked from 1986-2001.
    Paul Dighton

    Government: Chief executive of the London Operating Committee of the Olympic Games (LOCOG).
    Goldman: Former COO of Goldman where he worked for 22 years beginning in 1983.
    Mario Draghi

    Government: Head [Governor] of the Bank of Italy since January 2006.
    Goldman: Vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee from 2002-2005.
    William Dudley

    Government: President Federal Reserve Bank of New York City (2009-present)
    Goldman: Partner and Managing Director. Worked at Goldman from 1986-2007.
    Steven Elmendorf

    Government: Senior Advisor to then-House minority Leader Richard Gephardt.
    Goldman: Now runs his own lobbying firm, where Goldman is one of his clients.
    Dina Farrell

    Government: Deputy Director, National Economic Council, Obama Administration since January 2009.
    Goldman: Financial Analyst at Goldman Sachs from 1987-1989.
    Edward C. Forst

    Government: Advisor to Treasury Secretary, Henry Paulson in 2008.
    Goldman: Former Global Head of the Investment Management Division at Goldman where he worked from 1994-2008.
    Randall M. Fort

    ..............
    Government: Treasury Department Chief of Staff since February 2009.
    Goldman: Lobbyist for Goldman Sachs from 2003-2008.
    Henry "Hank" Paulson

    ............
    Government: Former SEC commissioner from 1990 to 1995.
    Goldman: Now working as a principal at RR&G LLC, which was hired by Goldman to lobby on TARP.
    Robert Rubin

    Government: Treasury Secretary from 1995-1999; Chairman of the National Economic Council from 1993-1995.
    Goldman: Former Co-Chairman at Goldman Sachs where he worked from 1966-1992.
    John Thain

    Government: CEO President of NYSE (2004-07)

    continued at:
    http://www.cbsnews.com/8301-31727_162-20001981-10391695.html
     
    Last edited by lizzie; 07-19-10 at 01:22 AM.
    "God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
    -C G Jung

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