James Carville-“It’s the economy stupid,”

[UltimateHoboW/Shotgun]

http://dailycaller.com/2011/06/06/ca...ntly-possible/

“It is going to be very difficult,” Carville said. “But the country, if that is what we are doing, this is gruesome on people. This unemployment rate for this long is a humanitarian crisis of the first magnitude. This financial crisis, people have studied this by the way, they know that the things take this long to work their way through. The aftermath of these things — kind of an academic book that is dry entitled ‘This Time is Different.’ What it concluded is that it is not different this time. They studied it, the aftermath of the financial crisis. What we are going through is imminently predictable. But this is a terrible thing that has happened to people’s lives. I think the president at one level understands that, you know. But he is limited in what he can do. So we’ll just have to see. But it’s going to be hard. If 54,000 jobs is the new norm — this is going to be very, very tough. Some people say it just might be one more thing. We don’t know.”



Read more: http://dailycaller.com/2011/06/06/ca...#ixzz1bBuwXg2Q

[TheDave]

FWIW... ‘This Time is Different' is an incredible read for anyone interested in a historical Macro-econ view of the world.

[Smiling Assassin27]

Interestingly, when the word 'stupid' is uttered in the White House, you get 50 people who respond with 'yes?'.

[TonyR]

Pretty brave of you, Hobo, to include this particular part of the quote since it goes directly against what you and your righty buddies constantly say:

..."I think the president at one level understands that, you know. But he is limited in what he can do..."

That's been my position all along. He didn't create this mess, and he doesn't have much power to fix it. This is a huge mess, and there are definitely things that could have and should have been done better, but unless and until people start working together it's never going to get fixed. But the constant bashing and complaining about what a terrible mess he's created and what a terrible job he's doing fixing it are both ignorant and unproductive. Nobody and everybody is the blame for this mess, and there is no easy fix. And there might not be any fix. This may be the new reality.

[Rohirrim]

Originally Posted by TonyR

Pretty brave of you, Hobo, to include this particular part of the quote since it goes directly against what you and your righty buddies constantly say:

..."I think the president at one level understands that, you know. But he is limited in what he can do..."

That's been my position all along. He didn't create this mess, and he doesn't have much power to fix it. This is a huge mess, and there are definitely things that could have and should have been done better, but unless and until people start working together it's never going to get fixed. But the constant bashing and complaining about what a terrible mess he's created and what a terrible job he's doing fixing it are both ignorant and unproductive. Nobody and everybody is the blame for this mess, and there is no easy fix. And there might not be any fix. This may be the new reality.

The mistake was magical thinking. There is no such thing as a magical hand of the marketplace. Our faith in the mysterious perfection of capitalism needs to go the way of our belief in the Domino Theory, or supply side economics. There are parts of capitalism that work, and parts that can turn an economy into a disaster, as we see now. What we need to do is use our brains and create new ideas for new economies that are far less harmful to the planet, and far more beneficial to the people of the world.

Capitalist theorists are starting to formulate the theory that we can no longer create enough employment for the world population. Can you imagine what that will mean?

I heard a story once. The English came to Gandhi and told him about their plan to create a huge textile industry in India. Of course, the way it worked at the time was that millions of Indians spun their own thread and wove their own cloth, on looms, in their own homes. It was a massive form of a cottage industry. In fact, Gandhi had adopted thread spinning as a symbol of his movement. So, he looked at the English and asked, "What do we do with all those people?"

That's where we are today. Agri-conglomerates own our farmland. Corporations control our energy resources. Bankers control our economy. Corporations are now multi-national conglomerates, stretching their economic control over the globe, exerting economic pressure on countries everywhere to write policies for their benefit. We can already see the wealth of the world being skimmed into fewer and fewer pockets worldwide. So, what is their plan for humanity?

Looks to me like serfdom. Nothing new under the sun.

[alkemical]

Privatization is a wealth transfer tool. I wish more people could understand that as well.

I don't mind profit, or making $ - but give back, pay it forward to what makes you great. We don't have Milton Hershey's anymore. Guys who understood that you can be profitable and build "more" than a retirement portfolio.