If you don’t agree with Obama you are “peddling fiction”

If you’re not watching it purely for the entertainment value, sitting through a State of the Union speech ranks somewhere between a colonoscopy and a root canal.

Every year I opt for the former (entertainment value, not colonoscopy).

But because I live overseas, one of the added entertainment benefits is that I’m surrounded by foreigners who are seeing this highly ritualistic propaganda for the first time.

The absurdity starts almost immediately.

The Sergeant-at-Arms introduces the President of the United States, and he receives a massive, five minute standing ovation as he walks across the water to the podium.

The applause finally dies down briefly, until, immediately after, the Speaker of the House formally introduces the President. And then the applause begins anew.

Try explaining that to a foreigner who’s never seen it before.

Foreigner: “Why is everyone clapping again for the President as if they weren’t just clapping for him 30 seconds ago?”

Me: “Because that’s just the way they do it.”

Foreigner: “But why?”

Me: “… ummm… because they’re all trained monkeys?”

But it is at this point that the real propaganda begins, where the President of the United States tells his fellow Americans that they are prosperous and free.

He cited, for example, the 14 million jobs created since he took office.

Of course he failed to mention the more than $8 trillion in debt (77% increase) that has been accumulated since he was inaugurated seven years ago.

If the President truly wants to take credit as the job creator-in-chief, the basic math works out to be nearly $600,000 in government debt for every single job created.

Zerohedge showed yesterday, in fact, that while debt in the US has increased 77% over the last seven years, GDP has only increased by 13%.

Now, you’d think that for each additional dollar the US government was spending and indebting future generations, there would be at least $1 in GDP growth.

Ideally you’d get more than $1 in GDP growth. Duh. Businesses have to do this every single day.

If I borrow $10 million to buy and develop agricultural farmland, obviously the net effect once I’m finished should result in a property that’s worth MORE than $10 million.

But that’s not how it works when governments spend money. It took them $3.71 of debt to buy just $1 of GDP growth.

Yes, the overall result may show that the economy is technically bigger than it was in 2009.

But this ratio is completely screwed up, and it is not indicative of “the strongest, most durable economy in the world.”

In the meantime, there have never been more pages of laws, rules, and regulations ever in the history of the United States than there are today, January 13, 2016.

Just this morning, in fact, the federal government published another 369 pages of regulations. Tomorrow there will be even more.

Should you find yourself out of compliance with any of them, the government can summarily deprive you of your freedom, your property, and even your family.

And it can do so administratively, without a fair and speedy trial in front of an impartial judge and a jury of your peers.

This is not what freedom and prosperity are all about.

President Obama is undeniably upbeat about America. And he’s right, there are a lot of amazing people doing great things in the US.

The United States is a wonderful country. It’s clean. Modern. Reasonably safe. Standard of living is very high.

But decades of insane regulation, government debt, and astonishingly destructive monetary policy have resulted in a society where it is now easier to consume than produce.

Prosperity is not complicated. People figured out thousands of years ago that if you wanted to do well, you had to produce more than you consumed.

But the American system is the exact opposite, favoring those who recklessly borrow and spend, rather than those who work hard and responsibly save.

The President of the United States boldly accused everyone who doesn’t share his view as just making things up.

In his words, “Anyone claiming that America’s economy is in decline is peddling fiction.”

This is an extraordinary (and delusional) statement.

The government’s own numbers show that they are completely insolvent, to the tune of nearly $18 trillion.

The annual reports for the Social Security trust funds show that they are rapidly running out of money.

The Federal Reserve’s own balance sheet shows that it is precariously undercapitalized, with net capital less than 1% of total assets.

The Census Bureau’s data shows that the earnings for middle class Americans are stagnating.

The Labor Department’s numbers show that the number of Americans who have dropped out of the work force hasn’t been at this level since the Carter administration.

USDA figures show that the number of food stamp recipients is near an all-time high, simultaneously when the number of homeless children in America is at a record high.

And all of this, at a time when trust in government is near an all-time low.

These are all facts, not fiction.

The only fiction is pretending that this story has a happy ending.

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About the Author: Sovereign Man

  • daniel1154

    As I’ve told you before, fascism, communism and socialism are the same thing, and they are all practiced by the modern Democrat party.

  • JohnDille

    WHICH ACCUSATIONS… AKA BLATANT REPUBLICAN LIES… HAVE I DODGED??? MAYBE YOU SHOULD ASK REPUBLICANS WHY THEY LIE ABOUT EVERYTHING. AS FOR ME… HOW DO YOU DISPROVE A REPUBLICAN LIE??? THEY JUST MAKE STUFF UP… AND THERE IS NO PRACTICAL WAY TO DISPROVE MUCH OF THEIR MADE UP BALONEY. I HAVE EASY ACCESS TO A VAST ARSENAL OF ESTABLISHED OFFICIAL DATA… BUT YOU CANNOT POST THAT KIND OF STUFF HERE… IT OFFENDS THE RIGHT WING CENSORS WHO RUN THIS BOARD. BUT WHEN REPUBLICAN LIES STARKLY CONFLICT WITH THOSE OFFICAL WELL ESTABLISHED FACTS AND DATA… I CALL IT LIKE I SEE IT… AND I CAN SAY BLUNTLY… IT IS VERY RARE FOR REPUBLICANS TO BE HONEST….ABOUT ANYTHING! AND YET, REPUBLICANS ACCUSE ME OF LYING…. AND YOU BUY INTO THEIR STEER MANURE??? PARDON ME WHILE I LAUGH MYSELF TO DEATH!!! EITHER YOU ARE EASILY FOOLED BY THEIR BALONEY… OR YOU AIN’T NO REAL HONEST TO GOD DEMOCRAT!!! MAYBE JUST ANOTHER DINO… DEMOCRAT IN NAME ONLY!!! OR JUST ANOTHER LYING REPUBLICAN!!!

  • JohnDille

    Dear John,

    Last September, CREDO activists won a historic foreign policy victory when – after years of grassroots organizing – we successfully pulled Congress from the brink of launching another war of choice in the Middle East, paving the way for a historic Iran nuclear deal.

    But in recent weeks, right-wing members of Congress – including a handful of hawkish Congressional Democrats – YOU MEAN THERE ARE A NUMBER OF RIGHT WING DEMOCRATS WHO SIDE WITH REPUBLICANS ON MANY CRITICAL ISSUES… AND MOST OF THEM ARE FROM SOUTHERN, HEAVILY REPUBLICAN STATES??? YOU MEAN THERE ARE DINOS OUT THERE WHO ARE DEMOCRATS IN NAME ONLY, WHO RUN AS DEMOCRATS TO GET ELECTED BY APPEALING TO DEMOCRATIC VOTERS… BUT ALSO TO REPUBLICANS??? AND DO YOU MEAN TO TELL ME THAT THESE PSUEDO DEMOCRATS HAVE HELPED THE REPUBLICANS PRETTY MUCH TOTALLY CONTROL BOTH HOUSES OF CONGRESS FOR NEARLY ALL OF THE LAST 40 PLUS YEARS??? GASP…. THAT WOULD MEAN THAT REPUBLICANS… AND PSUEDO DEMOCRATS… ARE DIRECTLY AND TOTALLY RESPONSIBLE FOR ALL THE PROBLEMS THAT REPUBLICANS KEEP BLAMING ON OBAMA AND OTHER REAL ACTUAL DEMORATS, RIGHT??? RIGHT??? I HEAR DEAD SILENCE FROM THE FAR RIGHT, SO I GUESS THAT EVEN REPUBLICANS REALIZE THAT THEY HAVE BEEN ENDLESSLY LYING ABOUT ALL THE PROBLEMS THAT OBAMA AND OTHER REAL DEMOCRATS HAVE ALLEGEDLY CAUSED… BECAUSE MOST OF THOSE PROBLEM WERE AND ARE BEING CAUSED BY REPUBLICANS… AND PSUEDO DEMOCRATS!! have been attempting to sabotage this historic Iran nuclear deal before it’s even implemented.

    The deal’s opponents are floating a number of legislative proposals designed to antagonize and alienate Iran, and derail the Obama administration’s historic diplomatic victory.1 Just this week, the House attempted to pass a bill that would prohibit President Obama from implementing sanctions relief, even if Iran fully complied with the terms of the deal.2

    If passed in the House, these proposals would head to the Senate, where too many Democratic war hawks previously flirted with opposition to the nuclear deal and chose to saber-rattle instead of engaging in diplomatic efforts to secure peace. That’s why we need to make sure those same Democrats aren’t tempted by this latest bid to thwart the historic deal.

    So far, experts have concluded that the nuclear deal is exceeding expectations in how fast Iran is dismantling its nuclear program.3 And it’s even been credited with helping to avoid an international incident when Iran detained, and then quickly released, two U.S. Navy patrol boats.4

    While the deal’s opponents in Congress are doing their best to portray themselves as “serious” about national security and tough on nuclear weapons proliferation, their attempts to blow up the deal would in reality achieve exactly the opposite.

    If the Iran nuclear deal were to be blocked as a result of this or any one of the other proposals currently being circulated by war hawks in Congress, the unprecedented constraints on Iran’s nuclear program would completely collapse – making Americans less safe, and putting us on a path to war.

    A dead Iran nuclear deal would additionally cripple America’s standing as an international leader on nuclear non-proliferation and diplomacy, and it would unravel the coalition that’s been assembled to hold Iran accountable for its activities.

    That’s why we need to keep the pressure on Democrats in the Senate to hold the line and not give in to any proposals that would block this historic deal from being implemented and put us on a path to more wars and the increased spread of nuclear weapons.

    Thank you for your activism.

    Murshed Zaheed, Deputy Political Director

  • JohnDille

    COMMUNISM WORKS THE EXACT SAME WAY AS CAPITALISM. THE ONLY DIFFERENCE IS… IN CAPITALISM, THE SYSTEM IS CONTROLLED BY, AND MOST OF THE BENEFITS FLOW TO, THE RICHEST INVESTORS, AND THEIR MOST USEFUL IDIOT SUPPORTERS. IN COMMUNISM,, THE SYSTEM IS CONTROLLED BY, AND MOST OF THE BENEFITS FLOW TO, THE TOP POLITICAL POWERS AND THEIR MOST USEFUL IDIOT SUPPORTERS. IN THE AMERICA OF TODAY, THE RICH HAVE TAKEN ALMOST TOTAL POLITICAL CONTROL OF THE NATION… THUS… THE TOTAL CONTROL OF SOCIETY HAS DEVOLVED INTO THE HANDS OF THE MOST POWERFUL POLITICIANS WHO ARE ALSO THE MOST POWERFUL ECONOMIC PLAYERS. VERY FEW OF THOSE MOST POWERFUL POLITICIANS ARE EVER ELECTED… THEY ARE ALL BILLIONAIRES AND MULTI MULTI MULTI MILLIONAIRES WHO HAVE MANAGED TO GET RICH… AND TO GAIN POWER OVER THE NATIONS ECONOMIC… AND POLITICAL… AND SOCIAL SYSTEMS. THUS, COMMUNISM AND CAPITALISM HAVE BECOME ONE IN THE AMERICA OF OUR DAY. BERNIE SANDERS IS A SOCIALIST… AS AM I… AND SOCIALISM IS VERY DIFFERENT THAN CORPORATE COMMUNISM/CAPITALISM. IT SEEKS TO ALLOW THE RICH AND POWERFUL TO DO WHATEVER THEY WISH… WITHIN REGULATED LIMITS, THEN REQUIRES THOSE RICH AND POWERFUL PEOPLE TO SHARE THEIR WEALTH VIA HIGHER WAGES, MORE JOBS, NEEDED AND BETTER INFRASTRUCTURE, AND IMPORTANT ECONOMIC/SOCIAL INITIATIVES… AND IF NONE OF THOSE… THEN THROUGH HIGHER TAXES SO THE GOVERNMENT CAN DO WHAT CORPORATE AMERICA SHOULD HAVE DONE ON ITS OWN. TOTALLY TOTALLY TOTALLY DIFFERENT THAN CAPITALISM/CORPORATE COMMUNISM!!! TH WHOLE IDEA BEHIND REAL HONEST TO GOD SOCIALISM IS…. ALL FOR ONE AND ONE FOR ALL!!! WE ARE ALL IN THIS THING TOGETHER, AND… FROM EACH ACCORDING TO HIS ABILITY, TO EACH ACCORDING TO HIS NEED! THE UNITED STATES BECAME THE RICHEST, MOST POWERFUL MOST EQUQLITARIAN NATION ON EARTH UNDER THE NW DEAL AND FOR SEVEERAL DECADES AFTER THE NEW DEAL… BECAUSE IT WAS AN INHERENTLY SOCIALIST SYSTEM…. RUN FOR THE SAKE OF ALL, AND FOR THE BENEFIT OF ALL…. BECAUSE… THE UNITED IN UNITED STATES MEANS… LIKE IT OR NOT, WE ARE ALL IN THIS THING… TOGETHER. YOU REPUBLICANS FAVOR A SYSTEM RUN BY THE RICH FOR THE BENEFIT OF THE RICH… AND SCREW ALL THE REST OF YOU WORKING CLASS DRONES. AS YOU MIGHT SUSPECT, I HAVE NO DESIRE TO BE PART OF SUCH A SYSTEM… AND AM ONLY PART OF THAT SYSTEM BECAUSE I HAVE ABSOLUTELY NO CHOICE IN THAT… EXCEPT THAT I COULD ALWAYS OPT FOR SUICIDE. SOME CHOICE… ACCEPT THE REPUBLICANS CORPORATE COMMUNIST DICTATORSHIP… OR COMMIT SUICIDE TO ESCAPE IT! THANKS BUT NO THANKS. REPUBLICANS ARE DOING THEIR BEST TO DESTROY DEMOCRACY IN THIS NATION…. BUT… MUCH TO THEIR CHAGRIN… IT IS STILL A DEMOCRACY. SO… AS A REAL HONEST TO GOD TRUE BLUE AMERICAN CITIZEN. I WILL ALWAYS VOTE AGAINST CORPORATE COMMUNIST DICTATORS… AKA REPUBLICANS…. AND FOR AMERICAN PEOPLE FIRST SOCIALISTIC DEMOCRATS! AND IF YOU DO NOT LIKE THAT, THEN MOVE TO THE MIDDLE EAST! THEY LOVE RIGHT WING FASCIST PUPPETS OVER THERE… BECAUSE THEY ARE SO EASY TO CONTROL AND MANIPULATE!!!

  • The Observer

    Dude, the people that call you a hypocrite are correct. You are constantly complaining about the anti left wing stuff around here – and as a democrat I get tired of some it too. But you also make accusations and when you get called on it you avoid answering the question. You can’t have facts work one way for you and another for everyone else. I agree with some of your politics but also see why you are considered a bit of a buffoon.

  • Joe Cabot

    No worries at all. It’s fun to watch you backtrack.

  • daniel1154

    I don’t spend a lot of time listening to the ravings of a communist. I just find you amusing.
    Your system failed in the Soviet Union, and everywhere else it was tried. It’s failing here too.

  • JohnDille

    The study used data from the Gallup World Poll and the World Top Incomes Database to plot the share of taxable income by the so-called 1% as compared to reported levels of life satisfaction and positive and negative emotional well-being.

    Furthermore, in general, in societies where the 1% holds a larger share of the wealth, citizens report feeling more negative emotions than in those where income is more evenly distributed..

    These findings come at a same time that income inequality has been rising in many countries. “In advanced economies, the gap between the rich and poor is at its highest level in decades,” according to research published by the International Monetary Fund last year.

    In America, for example, the total share of income earned by the top 1% of families was less than 10% in the late 1970s; by 2012, it had reached levels not seen since the Great Depression, with more than 20% of the income owned by the top 1%, according to research from Emmanuel Saez, an economics professors at the University of California at Berkeley. (In fact, America’s 20 wealthiest people — a group that could fit in one Gulfstream G650 jet — have more wealth than the 152 million people who make up the least wealthy 50% of U.S. households.)

    The reason we become less happy as income inequality rises may be that as rich people get richer, they “extend the range of the income distribution,” which means that even reasonably well-off people can no longer afford certain things like private school or homes in the best neighborhoods, the researchers write in a post published Tuesday on Harvard Business Review.

    Furthermore, “an increase in the share of income held by the richest 1% can make you feel as if your chance of moving up the ladder and becoming very rich yourself is growing increasingly beyond your reach,” they conclude.

    WELL… I GUESS THIS STORY SHOWS WHY WORKING CLASS REPUBLICANS ARE SO UPSET… RICH REPUBLICANS OWN AND CONTROL EVERYTHING AND EVERYBODY… WORKING CLASS REPUBLICANS FEEL LIKE THEY LIVE IN POVERTY…. AND INSTEAD OF BLAMING REPUBLICANS… LIKE THEY WOULD IF THEY KNEW HOW THINGS REALLY WORK… THEY INSTEAD BLAME OBAMA AND DEMOCRATS. BY THE WAY… A GRAPHIC THAT CAME WITH THIS STORY CHARTED ABOUT 35 OR 40 COUNTIES…. AND THE 3 MOST UNEQUAL INDUSTRIALIZED NATIONS ON EARTH… ACCORDING TO THAT GRAPHIC… WAS COLOMBIA, THE UNITED STATES, AND SOUTH AFRICA… IN THAT ORDER… WAY TO GO REPUBLICANS… YOUR SELFISH ARROGANT RACIST ATTITUDES AND POLICIES ARE MAKING THE UNITED STATES MORE LIKE MEXICO AND COLOMBIA AND SOUTH AFRICA EVERY DAY. YOUR BILLIONAIRE MASTERS ARE SURELY VERY HAPPY ABOUT THAT. IT MEANS THEY CAN LIVE LIKE DRUG LORDS… WITHOUT ACTUALLY BEING DRUG LORDS… THOUGH NO LESS CRIMINAL IN MOST CASES!!! INSTEAD OF MURDERING PEOPLE, LIKE DRUG LORDS DO, RICH REPUBLICANS JUST RUIN PEOPLES LIVES AND IMPOVERISH THEM!!! DIFFERENT TACTICS, SIMILAR RESULTS!!!

  • JohnDille

    The study used data from the Gallup World Poll and the World Top Incomes Database to plot the share of taxable income by the so-called 1% as compared to reported levels of life satisfaction and positive and negative emotional well-being.

    Furthermore, in general, in societies where the 1% holds a larger share of the wealth, citizens report feeling more negative emotions than in those where income is more evenly distributed..

    These findings come at a same time that income inequality has been rising in many countries. “In advanced economies, the gap between the rich and poor is at its highest level in decades,” according to research published by the International Monetary Fund last year.

    In America, for example, the total share of income earned by the top 1% of families was less than 10% in the late 1970s; by 2012, it had reached levels not seen since the Great Depression, with more than 20% of the income owned by the top 1%, according to research from Emmanuel Saez, an economics professors at the University of California at Berkeley. (In fact, America’s 20 wealthiest people — a group that could fit in one Gulfstream G650 jet — have more wealth than the 152 million people who make up the least wealthy 50% of U.S. households.)

    The reason we become less happy as income inequality rises may be that as rich people get richer, they “extend the range of the income distribution,” which means that even reasonably well-off people can no longer afford certain things like private school or homes in the best neighborhoods, the researchers write in a post published Tuesday on Harvard Business Review.

    Furthermore, “an increase in the share of income held by the richest 1% can make you feel as if your chance of moving up the ladder and becoming very rich yourself is growing increasingly beyond your reach,” they conclude.

    WELL… I GUESS THIS STORY SHOWS WHY WORKINFG CLASS REPUBLIVANS ARE SO UPSET… RICH REPUBLICANS OWN AND CONTROL EVERYTHING AND EVERYBODY… WORKING CLASS REPUBLICANS FEEL LIK,E THEY LIVE IN POVERTY…. AND INSTEAD OF BLAMING REPUBLICANS… LIKE THEY WOULD IF THEY KNEW HOW THINGS REALLY WORK… THEY INSTEAD BLAME OBAMA AND DEMOCRATS. BY THE WAY… A GRAPHIC THAT CAME WITH THIS STORY CHARTED ABOUT 35 OR 40 COUNTIES…. AND THE 3 MOST UNEQUAL INDUSTRIALIZED NATIONS ON EARTH… ACCORDING TO THAT GRAPHIC… WAS COLOMBIA, THE UNIED STATES, AND SOUTH AFRICA… IN THAT ORDER… WAY TO GO REPUBLICANS… YOUR SELFISH ARROGANT RACIST ATTITUDES AND POLICIES ARE MAING THE UNITED STATES MORE LIKE MEXICO AND COLOMBIA AND SOUTH AFRICA EVERY DAY. YOUR BILLIONAIRE MASTERS ARE SURELY VERY HAPPY ABOUT THAT. IT MEANS THEY CAN LIVE LIKE DRUG LORDS… WITHOUT ACTUALLY BEING DRUG LORDS… THOUGH NO LESS CRIMINAL IN MOST CASES!!!

  • JohnDille

    THERE ARE A LOT OF THINGS THAT I CANNOT DOCUMENT THAT ARE SURELY TRUE! FOR EXAMPLE, OBAMAS FATHER WAS A BLACK MAN. MOST LIKELY… BUT MAYBE HE WAS BORN OF A VIRGIN MOTHER! YOU RIGHT WINGERS INSIST THAT HIS BIRTH CERTIFICATE WAS A PHONY, SO THAT TELLS US NOTHING FOR CERTAIN…. EXCEPT… JUST MAYBE, OBAMAS MOTHER WAS THE SECOND COMING OF THE VIRGIN MARY! ALL I KNOW IS…. UYOU LOOK DOWN YOUR LONG NOSE AT US LOWLY MENIAL LABORERS AND OTHER LOWER INCOME WORKING PEOPLE… WHICH IMPLIES THAT YOU MUST BE RICH. AND AS I HAVE SAID MANY TIMES, YOU ALMOST HAVE TO BE A CROOK TO GET RICH. THEREFORE, YOU MUST BE A CROOK! AND THE MORE YOU SQUIRM AT THAT, THE MORE I AM BEGINNING TO BELIEVE THAT I HIT THE NAIL ON THE HEAD!!! YOU KEEP TELLING ME THAT I FAILED TO TAKE SOME UNKOWN TYPE OF RESPONSABILITY FOR MY LIFE… SO I GUESS I CAN KEEP INSISTING THAT YOU ARE A CROOK. YOU RETRACT YOUR BALONEY, AND THEN I WILL RETRACT MINE!!! HOWS THAT???

  • Joe Cabot

    Yes, you did lie. You posted earlier that I had committed crimes. Then you admitted that you could not document any crime that I had committed. Thus a lie. Maybe not a lie in the world where you and Barry Obomber reside, but a lie back in reality.

  • JohnDille

    I EXPLAINED THAT ELSEWHERE. SORRY THAT YOU ARE INCAPABLE OF READING, OR OF UNDERSTANDING EVEN BASIC REAL WORLD INFORMATION. BUT, THEN, YOU ARE A RIGHT WINGER, AND WE IBERALS HAVE LONG SINCE COME TO UNDERSTAND JUST HOW MORALLY AND INTELLECTUTALLY CHALLENGED YOU RIGHT WINGERS ARE! TOO BAD YOUR MOM DROPPED YOU ON YOUR HEAD WHEN YOU WERE A BABY!!! OR MAYBE IT WAS NOT AN ACCIDENT… YOU PROBABLY MADE HER VERY ANGRY WHEN YOU WERE YOUNG… FOR BEING SUCH AN ARROGANT SELF CENTERED RIGHT WING A HOLE!!!

  • Mark65

    Dude, you are one weird liberal loon. How does this unfortunate situation have anything to do with the free market. You make no sense like so many liberal loony progressive socialists. Either you are really dumb or just way out there in outer space. I think we should all chip in and buy loony Dille a one way ticker to Mars so he can rant n rave his nutty ideas by himself.
    Yours in capitalism,
    M

  • JohnDille

    Reuters) – Republican presidential candidate Ted Cruz failed to disclose to the Federal Election Commission a loan from Goldman Sachs for as much as $500,000 that was used to help finance his successful 2012 U.S. Senate campaign, the New York Times reported on Wednesday.

    The loan does not appear in reports the Ted Cruz for Senate Committee filed with the FEC, in which candidates are required to disclose the source of money they borrow to finance their campaigns, the newspaper reported.

    Other campaigns have been fined for failing to make such disclosures, which are intended to inform voters and prevent candidates from receiving special treatment from lenders, the Times said.

    Cruz has surged in recent opinion polls and now leads billionaire businessman Donald Trump in Iowa, which on Feb. 1 holds the first contest in the process to choose the Republican nominee for the November presidential election.

    In 2012, Cruz was campaigning for the Texas Senate seat as a populist firebrand who criticized Wall Street bailouts and the influence of big banks in Washington, and the loans could have conveyed the wrong impression about his candidacy, the Times said .
    TED CRUZ WOULD NEVER GET SPECIAL TREATMENT FROM THE VERY BANKS… SOME OF THE LARGEST IN THE WORLD… THAT HE HAS BEEN BASHING FOR THE LAST YEAR OR TWO, NOW WOULD HE??? RIGHT??? RIGHT???

  • JohnDille

    ANY JUNIOR HIGH KID COULD GO TO THE SOCIAL SECURITY WEBSITE… OR SEVERAL OTHER PLACES… AND FIND THE INFORMATION NEEDED TO PROOF THAT WHAT THE STORY ABOVE SAYS… IS TOTALLY TRUE. OF COURSE, YOU ARE OBIOUSLY TOO LAZY TO DO THAT FOR YOURSELF…. OR INTELLECTUALLY INCAPABLE OF DOING THAT YOU AND YOUR RIGHT WING PUPPET BUDDIES PREFER TO LISTEN TO PROFESSIONAL LIARS, BOUGHT AND PAID FOR BY YOUR BILLIONAIRE MASTERS, TO TOTALLY MISINFORM YOU. SPEAKING OF ONE OF THOSE RIGHT WING PROFESSIONAL LIARS…. Reuters) – Republican presidential candidate Ted Cruz failed to disclose to the Federal Election Commission a loan from Goldman Sachs for as much as $500,000 that was used to help finance his successful 2012 U.S. Senate campaign, the New York Times reported on Wednesday.

    The loan does not appear in reports the Ted Cruz for Senate Committee filed with the FEC, in which candidates are required to disclose the source of money they borrow to finance their campaigns, the newspaper reported.

    Other campaigns have been fined for failing to make such disclosures, which are intended to inform voters and prevent candidates from receiving special treatment from lenders, the Times said. CRUZ WOULD NEVER GET SPECIAL TREATMENT FROM THE VERY BANKS… SOME OF THE LARGEST IN THE WORLD… THAT HE HAS BEEN BASHING FOR THE LAST YEAR OR TWO, NOW WOULD HE??? RIGHT??? RIGHT???

    Cruz has surged in recent opinion polls and now leads billionaire businessman Donald Trump in Iowa, which on Feb. 1 holds the first contest in the process to choose the Republican nominee for the November presidential election.

    In 2012, Cruz was campaigning for the Texas Senate seat as a populist firebrand who criticized Wall Street bailouts and the influence of big banks in Washington, and the loans could have conveyed the wrong impression about his candidacy, the Times said .CRUZ WOULD NEVER GET SPECIAL TREATMENT FROM THE VERY BANKS… SOME OF THE LARGEST IN THE WORLD… THAT HE HAS BEEN BASHING FOR THE LAST YEAR OR TWO, NOW WOULD HE??? RIGHT??? RIGHT???

  • JohnDille

    I DID NOT LIE. SO I HAVE NOT ADMITTED THAT I HAVE LIED. BUT… THANKS FOR YOU MAKING UP MY ALLEGED ADMISSION. I THINK THAT THAT WOULD BE CALLED A LIE. YOU REALLY SHOULD NOT DO THAT, YOU KNOW!!!

  • daniel1154

    You must be smokiing that crack if you believe that.

  • Joe Cabot

    At least you admit you lied earlier. Thanks for that.

  • Joe Cabot

    Filibuster.

  • JohnDille

    IS THAT WHERE YOU GOT YOUR EDUCATION… FROM MICKY MOUSE AND DONALD DUCK??? THAT WOULD EXPLAIN A LOT ABOUT YOUR COMMENTS! AS FOR THE STUFF I POST BEING MAMNURTE… THEN WHY CAN I DIG UP MOUNTAINS OF THAT SAME KIND OF SO CALLED MANURE JUST BY SPENDING A FEW MINUTES ON THE INTERNET. WHICH YOU COULD DO YOURSELF…. IF YOU WERENT SUCH A LAZY RIGHT WING PUPPET… AND IF YOUR TEACHERS… DONALD DUCK AND MICKEY MOUSE… HAD SPENT 5 MINUTES TEACHING YOU HOW TO DO THAT SORT OF THING!!! MAYBE YOU OUGHT TO SUE WALT DISNEY FOR PROVIDING YOU WITH SUCH LOUSY TEACHERS!!!

  • JohnDille

    Several posts up the page you typed, in capital letters, that I have been enjoying the fruits of my crimes. All I asked you was that you identify one of these crimes, which you have failed to do. Why is that? BECAUSE I AM NOT GOD, SITTING IN JUDGEMENT OF YOUR WELL DOCUMENTED SINS… AND I AM NOT YOU, SO I HAVE NO MEMORY OF WHATEVER YOUR TRANSGRESSIONS ARE!!! ONLY YOU WOULD REALLY KNOW WHAT YOUR CRIMES ARE… AND I ASSUME, THAT IF THEY ARE BAD ENOUGH, OR NUMEROUS ENOUGH, THEY WILL EVENTUALLY LOCK YOU UP! IF YOU HAVE NEVER COMMITED SERIOUS CRIMES… THEN WHY WOULD YOU BE SO WORRIED ABOUT ME FINDING OUT ABOUT THEM??? AND OBVIOUSLY YOU ARE WORRIED… BECAUSE YOU KEEP ASKING ABOUT THAT! You want republicans to be accountable for their accusations against democrats YEAH… THAT WOULD BE NICE… EXCEPT EVERYONE WITH ANY SENSE KNOWS THAT REPUBLICAN ACCUSATIONS MOSTLY ARE PURE BALONEY… OR STEER MANURE!!! GETTING ACCUSED OF SOMETHING BY A REPUBLICAN IS LIKE HAVING A MENTALLY ILL NAT ZI ACCUSE A TOTALLY MORAL AND UPRIGHT JEW OF SOME SERIOUS CRIME… ITS TO BE EXPECTED, AND SENSIBLE PEOPLE WOULD IGNORE IT!!!

  • JohnDille

    Wealth-X and WSJ Custom Studios have collaborated to create an extensive portrait of US billionaires.

    The feature, Gaming the American Dream, charts the rise of the US hedge fund billionaire, in relation to Showtime’s new Wall Street drama, “Billions.”

    There are 585 US billionaires, according to Wealth-X data, which provides a detailed breakdown of this elite population, from age/gender/wealth distribution, marital status and wealth source to asset allocation, top industries, top interests and top philanthropic causes. The majority — 62% — created their fortunes themselves, as shown by the table below:
    GEE… THEY MUST HAVE DUG A COUPLE OF HUNDRED THOSUANDS OF MILES OF DITCHES… ALL BY THEMSELVES… OR LAID HUNDREDS OF MILLIONS OF BRICKS… ALL BY THEMSELVES… OR WORKED A HUNDRED MILLION HOURS ON AN ASSEMBLY LINE OR FACTORY… SIDE BY SIDE WITH FAR LESS AMBITIOUS WORKERS WHO WERE TOO LAZY TO WORK THOUSAND HOUR DAYS…. TO BECOME BILLIONAIRES… WORKING ALL BY THEMSELVES.. DOING EVERYTHING THEMSELVES… BUILDING THE FACTORIES THEY WORKED IN OR THE OFFICE BUILDINGS THEY WORKED IN OR THE STOCK MARKETS THEY MANIPULATED, OR WHATEVER!!! OR MAYBE THEY JUST SCAMMED THE SYSTEM SO THAT HUGE NUMBERS OF OTHER PEOPLE DID ALL THE REAL WORK, AND THEY BECAME BILLIONAIRES BY CHEATING THOSE FOLKS OUT OF SOME OF THEIR WAGES… AND THAT SORT OF TYPICAL REPUBLICAN BEHAVIOR! HECK… JOE CABOT PROBABLY GOT RICH THAT SAME WAY… BY CHEATING OTHER PEOPLE! HOW CAN WE KNOW THIS???? BECAUSE THERE IS ALMOST NO OTHER WAY POSSIBLE TO GET THAT RICH! AND ANYONE WHO SAYS OTHERWISE IS LYING TO YOU!!! ONE WAY OR ANOTHER, YOU CAN ONLY GET SUPER RICH BY CHEATING OTHER PEOPLE… IN LEGAL WAYS OR OTHERWISE!!!

  • Joe Cabot

    Several posts up the page you typed, in capital letters, that I have been enjoying the fruits of my crimes. All I asked you was that you identify one of these crimes, which you have failed to do. Why is that?

  • Mark65

    And Dille or Mike is a left wing socialist loony toon who got his education from Micky Mouse himself. Was Donald Duck the dean at the Karl Marx school of economics? Boy you are a clown and then again maybe your profession is a clown cleaning elephant stalls for the Barnum & Bailey Circus. Most of the stuff you post is manure anyway.
    Your in capitalism,
    M

  • JohnDille

    MAYBE YOU OUGHT TO GO BACK TO BEING A LIBERAL… EXCEPT THAT YOU DO NOT SEEM SMART ENOUGH TO BE A LIBERAL!!! RIGHT WINGERS HAVE OBVIOUSLY BURIED YOU SO DEEP IN LIES, THAT YOU HAVE BECOME TOO BRAIN WASHED TO KNOW THE TRUTH… ABOUT ANYTHING!!! AND YEAH… EVERYTHING RIGHT WINGERS HAVE TOLD YOU ARE NOT ONLY LIES… BUT EASILY DISPROVEN LIES, IN MOST CASES. YOU OUGHT TO FEEL TOTALLY STUPID FOR BELIEVING REPUBLICAN LIES THAT YOU COULD PROVE WRONG BY SPENDING 5 MINUTES DIGGING AROUND ON THE INTERNET… OR AN HOUR OR TWO IN A DECENT LIBRARY!!!
    Robert Reich: Wall Street and the GOP are trying to rewrite history

    They blame the government now, but the fact remains: Private banks issued 84 percent of subprime mortgages

    This originally appeared on Robert Reich’s blog.

    If you haven’t yet seen “The Big Short” – directed and co-written by Adam McKay, based on the non-fiction prize-winning book by Michael Lewis about the housing and credit bubble that triggered the Great Recession — I recommend you do so.

    Not only is the movie an enjoyable (if that’s the right word) way to understand how the big banks screwed millions of Americans out of their homes, savings, and jobs – and then got bailed out by taxpayers. It’s also a lesson in why they’re on the way to doing all this again – and how their political power continues to erode laws designed to prevent another crisis and to shield their executives from any accountability.

    Most importantly, the movie shows why Bernie Sanders’s plan to break up the biggest banks and reinstate the Glass-Steagall Act (separating investment from commercial banking) is necessary – and why Hillary Clinton’s more modest plan is inadequate.

    I’ll get back to Bernie and Hillary in a moment, but first you need to know why Wall Street wants us to forget what really happened.

    The movie gets the story essentially right: Traders on the Street pushed highly-risky mortgage loans, bundled them together into investments that hid the risks, got the major credit-rating agencies to give the bundles Triple-A ratings, and then sold them to unwary investors. It was a fraudulent Ponzi scheme that had to end badly – and it did.

    Yet since then, Wall Street and its hired guns (including most current Republican candidates for president) have tried to rewrite this history.

    They want us to believe the banks and investment houses were innocent victims of misguided government policies that gave mortgages to poor people who shouldn’t have got them.

    That’s pure baloney. The boom in subprime mortgages was concentrated in the private market, not in government. Wall Street itself created the risky mortgage market. It sliced and diced junk mortgages into bundles that hid how bad they were. And it invented the derivatives and CDOs that financed them

    The fact is, more than 84 percent of the subprime mortgages were issued by private institutions, and nearly 83 percent of the subprime loans that went to low- and moderate-income borrowers.

    Why has Wall Street been pushing its lie, blaming the government for what happened? And why has the Street (along with its right-wing apologists, and its outlets such as Rupert Murdoch’s Wall Street Journal, AND HIS FOX NEWS CHANNEL, AS WELL, I MIGHT ADD) so viciously attacked the movie “The Big Short?”

    So we won’t demand tougher laws to prevent another crisis followed by another “too-big-to-fail” bailout.
    NOW… DON’T YOU FEEL STUPID FOR BELIEVING ANYTHING THAT RICH RIGHT WING BILLIONAIRES HAVE TRIED TO GET YOU TO BELIEVE… VIA ALL OF THE RIGHT WING MEDIA THEY OWN AND CONTROL! IF YOU DO NOT FEEL STUPID…. YOU SHOULD!!!!

  • Mark 64

    Hey Dille or is it Mike????? You are a loser liberal left wing loon loon that must have been educated at Mickey Mouse U, or The Karl Marx School of loser Economics. Oh go Bernie…..What a loser. He is a piece of horse dodo that goes after the young idiots and says he is going to give them free stuff. Yes, I will give you a free college education, free health care, and free this and free that and BLAH BLAH BLAH. One little question???? WHO IS GOING TO PAY FOR ALL THIS FREE STUFF WHEN OUR WONDERFUL SOCIALIST GOVERNMENT IS $19 TRILLION IN DEBT AND GOV’T SUBSIDIZED COLLEGE LOANS ARE OVER A TRILLION. ARE YOU INSANE OR JUST STUPID? DO YOU REALIZE THAT IF YOU TAKE AWAY ALL THE WEALTH OF THE TOP 5% IT WILL NOT PUT A DENT IN THE DEFICIT. BOY U SCARE ME AND NOW I KNOW WHY OUR COUNTRY IS GOING UNDER SO FAST BECAUSE OF LIBERAL LOON LIKE YOU. WOW WOW WOW. Oh, when your lover Obama leaves office the deficit will be around $21 trillion. By them we will be in a deep recession and bankrupt because there is no money honey.
    Yours in capitalism,
    M

  • berky

    What does personal tragedy have to do with private enterprises? Businesses are in business because they provide a value that people exchange for currency. What do you think they should be doing in this case? What should the government be doing? and thirdly, what should family/friends/community be doing? and then ask yourself, what should each of those entities be FORCED to do about it?

  • Joe Cabot

    So, up the page you whine about republicans bashing Obomber by telling lies. Then you accuse me of committing crimes and when I ask you to cite even one of them, you avoid the question and produce another in a long line of filibusters. Seems like you like using the same tactics as republicans when it fits your narrative. Between this and your crowing about making money via the same capitalist system that you demonize, you seem to be rather hypocritical these days.

  • JohnDille

    APPARENTLY YOU HAVE A VERY GUILTY CONSCIENCE, OR YOU WOULD HAVE REALIZED…. LONG AGO… THAT THE CRIMINALS ARE… MOSTLY.. THOSE AT THE VERY TOP OF THE SYSTEM… THE RICHEST 50 TO 100,000 PEOPLE. THOSE ARE THE PEOPLE WHO HAVE SUCKED IN MASSIVE MASSIVE MASSIVE WEALTH, MOSTLY AT THE EXPENSE OF THE REST OF US. OF COURSE, THERE ARE NUMEROUS PETTY CRIMINALS OUT THERE THAT HAVE DONE WELL IN THE SAME WAYS THOSE SUPER RICH FOLKS HAVE… APPARENTLY YOU ARE AMONG THEM… THUS THE GUILTY CONSCIENCE!!!

  • JohnDille

    financial picture for Social Security isn’t as dire as some describe: Without any modifications to its funding, Social Security will generate enough revenue to pay for three-quarters of promised benefits.

    The main reason it’ll fall short, though—the reason that that remaining one-quarter of benefits hasn’t yet materialized—is that the method of funding for Social Security was calibrated to an America with much less inequality than the nation currently has.

    Since the late ‘70s, most of the growth in workers’ earnings has gone to the people who have made the most money. To be precise, the wages of the top 1 percent of workers have grown 138 percent since 1979, while the wages for the bottom 90 percent grew only 15 percent during that period.

    If all of that income growth were taxed evenly, Social Security would have no shortfall. But it’s not taxed evenly: Any dollar that an American earns beyond $118,500 is, under current laws, not subject to Social Security taxes. In other words, someone who makes $118,500 this year is going to pay the same amount in Social Security taxes as someone who makes $4 million this year.

    For most people, this doesn’t really matter: Less than six percent of wage-earners last year took home more than $120,000. But because lots of the last three decades’ earnings growth has been in the realm beyond $118,500 a year, much of it has escaped Social Security taxes.

  • JohnDille

    The financial picture for Social Security isn’t as dire as some describe: Without any modifications to its funding, Social Security will generate enough revenue to pay for three-quarters of promised benefits.

    The main reason it’ll fall short, though—the reason that that remaining one-quarter of benefits hasn’t yet materialized—is that the method of funding for Social Security was calibrated to an America with much less inequality than the nation currently has.

    Since the late ‘70s, most of the growth in workers’ earnings has gone to the people who have made the most money. To be precise, the wages of the top 1 percent of workers have grown 138 percent since 1979, while the wages for the bottom 90 percent grew only 15 percent during that period.

    If all of that income growth were taxed evenly, Social Security would have no shortfall. But it’s not taxed evenly: Any dollar that an American earns beyond $118,500 is, under current laws, not subject to Social Security taxes. In other words, someone who makes $118,500 this year is going to pay the same amount in Social Security taxes as someone who makes $4 million this year.

    For most people, this doesn’t really matter: Less than six percent of wage-earners last year took home more than $120,000. But because lots of the last three decades’ earnings growth has been in the realm beyond $118,500 a year, much of it has escaped Social Security taxes.

    One way to think about this is how much time each year a worker spends making money that’s subject to Social Security taxes. Most people—anyone who earns $118,500 or less—will be paying taxes on every dollar they earn all year. But, compared to this group, very wealthy Americans dispense with this tax obligation very early on in the year: For example, the top 10,000 or so earners will make over $4 million this year, so by the end of their first week back at work, they’re done paying Social Security taxes for the year.

    But that’s nothing. At the time of this article’s mid-January publication, making money that’s subject to Social Security is a distant memory for the top 565 wage-earners, who make on average over $28 million per year. They finished paying their Social Security taxes within the first eight hours of the year’s first workweek. The top 110 American wage-earners were done paying in the first two hours. This exercise could go on ad infinitum: Who had paid by the time of their first coffee break? By the time they finished brushing their teeth in the morning?

    The system can easily be made solvent if it adjusts to the reality of income inequality. Eliminating the earnings cap would be an effective, fair way to fully restore Social Security’s strength. Those affected by such a shift in tax policy would remain the richest handful of people in the country, and the move’s biggest effect would be that the retirement system for the bottom 99 percent of workers would be solvent for three generations. (And that’s only discussing the possibility of removing the tax cap on wages earned—every single dollar of capital gains is exempt from Social Security taxes too.)

    In 1994, a bipartisan group of politicians eliminated a cap that limited the taxes high-earning workers paid toward Medicare, and now every dollar earned in wages is subject to a 2.45 percent tax. Making a similar change to how Social Security is funded, then, isn’t out of the question.

  • bill

    Dille;
    I guess you never understood that it was Carter and Clinton’s HUGE push of the Community Reinvestment Act that killed the economy. Banks were forced to make loans to the credit crap people and were threatened with losing their charters unless they made bad loans in the ‘red lined’ districts where NO ONE in their right mind would make a loan Soooooo, who are the racists? The dems who have financially enslaved the poor ol’ black man. Cut the racist accusation crap. It’s way overused and abused and holds NO water anymore. It was a republican president and congress that ended slavery. Remember Abe Lincoln?!

    The dems are the party of the rich. Look it up. The overwhelming wealth in congress is held by the dems, i.e. Kerry, Rockefeller, Pelosi, Kohl, the Clintons, Gore, et at. Now you’ll go start defending the Clintons. Go get the book “Clinton Cash” for the real story. They are sociopaths (no consciences) with narcissism comorbidity.

    I used to be as foolish as you until I started to dig into the facts and not the spew from the likes of Rachael Maddow and Chris Matthews.

  • daniel1154

    He’s a little jerk with a head that is abnormally big for his body. He is not an economist as you say, but instead a worthless academic windbag and political hack. He is responsible for the 2008 economic crisis as a result of Clinton’s policies, another useless windbag.

  • Joe Cabot

    Oh, so you are just making baseless accusations?

  • JohnDille

    NEITHER THE FBI NOR THE LOCAL POLICE DEPARTMENT WILL RELEASE THE INFORMATION ON YOUR PROBABLY VERY LONG RAP SHEET TO ME! DARN… IT WOULD PROBABLY BE FULL OF INTERESTING DETAILS IF THEY WOULD ONLY DO THAT!!! HECK, JUST BY READING IT, I MIGHT LEARN HOW TO BE A HIGHLY SUCCESSFUL REPUBLICAN BUSINESS MOGUL!!! MAYBE EVEN A TOP TIER RIGHT WING POLITICAN!!!

  • JohnDille

    SO… IF YOU ARE NOT A RIGHT WINGER, THEN THE SLAM WAS NOT AIMED AT YOU! IF YOU ARE, THEN IT WAS. SIMPLE!!!

  • Joe Cabot

    Please name just one of these crimes that you claim that I have committed.

  • JohnDille

    WELL… IF THAT WAS THE PROBLEM, THAT SAME SOFTWARE COULD ONLY HANDLE A FINITE AMOUNT OF RIGHT WING LIES AND BALONEY… AND WOULD CENSOR ANY SUCH STEER MANURE ONCE IT GOT TO A CERTAIN DEPTH. BUT… THAT NEVER SEEMS TO HAPPEN ON THIS BOARD… THE STEER MANURE GETS PILED EVER HIGHER, AND THE CENSORS NEVER SEEM TO MIND!!!

  • JohnDille

    WHERE IS THE HYPOCRISY??? I HAVE NOTED… MANY MANY TIMES… THAT I REGARD THE CAPITALIST SYSTEM AS A FORM OF ORGANIZED CRIME. IF I HAPPEN TO PICK UP A FEW DIMES DROPPED BY ROBBERS ON THE HIGHWAY AS THEY ESCAPED FROM THEIR LATEST BANK HEIST… DOES THAT MAKE ME A SUPPORTER OF BANK ROBBERS??? YOU, ON THE OTHER HAND, WOULD ADULATE THOSE CROOKS…. AND SECRETLY… OR NOT SO SECRETLY… WANT TO BECOME ONE YOURSELF!!! WHICH FROM THE SOUNDS OF IT… YOU HAVE DONE LONG LONG AGO… AND HAVE ENJOYED THE FRUITS OF YOUR CRIMES EVER SINCE!!!

  • Joe Cabot

    Or maybe their software can only handle a set amount of capital letters.

  • Joe Cabot

    Well, this may completely shock you, but plenty of us don’t agree with your version of the truth either. We get a chuckle out of it, but certainly don’t believe it. Oh, and continuing yesterday’s conversation, congratulations on those financial gains that you were crowing about that were attained via the capitalist system that you so love to call a scam. It’s nice to see that hypocrites can make a few bucks.

  • Aaron Ruter

    Didn’t you just apologize for throwing a label at me? I am not a right winger. Goodness, do you even read these messages? I’d be more than happy to copy and paste everything you said to me so you can see how you threw labels at me and then recanted. I ask a simple question and you can’t answer without accusing and, in this case, without knowledge! You’re making us look bad, John.

  • JohnDille

    Hold on, this is waiting to be approved by The Trading Report.

    BATON ROUGE, La. (AP) — The gunman responsible for a deadly rampage inside a Louisiana movie theater last summer left a journal thanking the man accused of killing nine black people in a church.

    In a rambling, handwritten 40-page journal released by police Wednesday, John Russell Houser described Dylann Roof as “green but good.”

    “Had Dylan Roof reached political maturity he would have seen the word is not (n-word), but liberal,” Houser wrote. “But thank you for the wake up call Dylann.”

    Houser shot and killed two people and wounded nine others before fatally shooting himself inside an auditorium at The Grand 16 theater in Lafayette last July, police have said. Jillian Johnson, a 33-year-old musician and business owner, and Mayci Breaux, a 21-year-old student, died in the shooting.

    Police recovered Houser’s journal from the Motel 6 room in Lafayette where he had been staying since early July.

    On the partially redacted, lined pages of what appears to be type of school notebook, Houser laments the state of the U.S., calling it a “filth farm,” and he rants against the news media, national political figures, women, gays and blacks.

    “America as a whole is now the enemy,” he wrote, also warning of impending problems for the country. “I have hidden nothing and have hated the US for at least 30 years. It will soon be every man for himself. A global rearrangement comes soon.”

    Investigators also found wigs and disguises in the motel room, suggesting Houser had hoped to escape after the shooting. Police have said he tried to blend in with the crowd of people fleeing after the shooting but turned back after spotting officers entering the theater.

    Lafayette Police Chief Jim Craft has said Houser visited the theater more than once, perhaps to determine “whether there was anything that could be a soft target for him.” His only known connection to Lafayette was an uncle who died there three decades ago.

    In the journal, Houser wrote that “soft targets are everywhere. Military police, etc. designations are not necessary.”

    Houser had a long history of erratic behavior in the Georgia and Alabama communities where he lived before the shooting in Lafayette, which is about 60 miles west of Baton Rouge.

    In 2008, a Georgia judge ordered him detained for a mental evaluation after relatives claimed he was a danger to himself and others. But the judge said she didn’t have him involuntarily committed. That could explain how he passed a federal background check in 2014, which enabled him to legally buy the .40-caliber handgun he used in the shooting from a pawn shop in Phenix City, Alabama.

    Houser was a regular presence on right-wing extremist message boards, where he praised Adolf Hitler and advised people not to underestimate “the power of the lone wolf,” according to the Southern Poverty Law Center, which tracks hate groups. A former neighbor said Houser flew a large Confederate flag outside his home and a CESNORED swastika outside a bar he owned, and put “doomsday” fliers in his neighbors’ mailboxes.

    Houser became estranged from his family and lost his businesses and his Phenix City home. When he was evicted, he ruined the property by pouring concrete into the plumbing and glue into the fixtures, police said. His estranged wife, Kellie Houser, filed for divorce in March 2015, claiming he lashed out at her and warned, “I’d better watch out because he always wins.”

    In August, “Trainwreck” star Amy Schumer spoke tearfully of the two women killed in the shooting as she urged lawmakers to support a gun control bill sponsored by her second cousin, U.S. Sen. Charles Schumer.

    Less than a month after the Lafayette shooting, police in Tennessee shot and killed a mentally ill homeless man who attacked a Nashville-area movie theater with a pellet gun, an ax and pepper spray. The Tennessee shooting occurred while jurors in Colorado were weighing a death sentence for James Holmes, who killed 12 moviegoers and wounded 70 others at a movie theater in 2012.

    MAYBE ONE OF YOUR RIGHT WING BUDDIES, M??? SURE SOUNDS A LOT LIKE YOU AND SOME OF THE OTHER RIGHT WING LOONIES THAT POPULATE THIS BOARD!!!

  • JohnDille

    THE TRUTH IS THAT WHICH IS TRUE!!! HARD CONCEPT FOR YOU RIGHT WINGERS TO GRASP… OR ACCEPT… BUT TRUE ALL THE SAME!!!

  • JohnDille

    MAYBE YOU SHOULD LOOK UP SOME OF HIS WORK. YOU CAN FIND HIS VIDOES… MANY OF THEM MINOR BUT TRUE MASTERPIECES… ALL OVER U-TUBE AND MANY OTHER PLACES! THE GUY IS NOT ONLY A GENIUS… BUT HE IS A REAL AMERICAN AND A REAL HUMAN BEING… TOTALLY UNLIKE YOU RIGHT WINGERS AND YOUR FASCIST HEROES!!!

  • JohnDille

    Robert Reich: Wall Street and the GOP are trying to rewrite history

    They blame the government now, but the fact remains: Private banks issued 84 percent of subprime mortgages in 2006 Robert Reich,
    This originally appeared on Robert Reich’s blog.

    SO… I COPIED AND PASTED A BIT OF THE REICH;S BLOG… FOR A THIRD TIME… BECAUSE OBVIOUSLY YOU ARE EITHER INCAPABLE OF READING… OR UNWILLING TO ACCEPT THE TRUTH… THAT YOUR BILLIONAIRE REPUBLICAN HEROS ARE A BUNCH OF THIEVES AND CROOKS!!!

  • JohnDille

    Williams has tried to stay preoccupied with odd jobs through the years, but she has been hit with more than the average share of heartache in the years since her daughter’s murder.

    Two months after Amber’s funeral, Williams’ fiancé was killed in a car wreck. Her older sister was found dead at age 32 from a seizure disorder in 1998. Then in the summer of 2009, her husband of nine years died of a massive heart attack and her father succumbed to cancer.

    “It’s like I’m sort of a voodoo doll,” Williams said. “It seems everybody that I love ends up dying.”

    Counseling has “helped a little,” but she still struggles with her place in life.

    “There’s a part of me that wants to be happy,” she said. “But then there’s a part of me that says I can’t, that I shouldn’t be happy.”

    Some years Williams can’t handle the heartache that accompanies the anniversary of her daughter’s murder; 2016 will be one of them.

    I GUESS PRIVATE ENTERPRISE IS NOT MUCH HELP TO TENS OF MILLIONS OF PEOPLE LIKE THIS WOMAN. IT HAS NOT BEEN MUCH HELP TO ME, EITHER. I COULD CITE PERSONAL STORIES THAT ARE ALMOST AS TRAGIC AS HERS! AND SO COULD TENS OF OTHER MILLIONS OF REAL HUMAN BEINGS! BUT… OF COURSE, THOSE PEOPLE DO NOT LIVE IN YOUR RIGHT WING REPUBLICAN FANTASY WORLD, DO THEY!!!

  • Mike

    Actually, the ONLY good thing about Trump is that it has caused millions of ordinary people to make small contributions to Bernie and that has brought him MANY millions in contributions from regular citizens rather than the black pools giving to the GOP Quislings….. Eventually, the voters wake up and vote for the best candidate….. Bernie and Elizabeth in 2016! Feel the Burn!…… Silly, sold out (to the 3%) Republicans

  • Aaron Ruter

    John,
    Could you give a quick definition of the word truth? I mean, from your own perspective. What is truth?

  • Mike

    Liberals ALWAYS Win for the Majority 97% despite the ravings of the paid off Quislings of the 3%

  • daniel1154

    He’s not even an economist. You can look it up. He’s a 4 foot 7 inch political hack.

  • Mark65

    Anyone moron can cut and paste a left leaning article but do you really understand the concept. I can tell you that this article has many flaws. Then again it is coming from a left leaning article. Boy oh boy you are creative cutting and pasting. Amazing how technology makes everything convenient. Hey Dillio, this great technology was created by private business which you hate. Oh, did you go to a restaurant this past weekend? Did you enjoy your meal? Wow, that’s a private business. Hummm, funny how socialist enjoy all the wonderful freedoms of capitalism. I advise you instead of cutting and pasting why not read a book on free markets or the downfall of socualism.

    Yours in capitalism,

    M

  • Mark65

    Noooo, you love Bernie because he puts s tingle down your leg. Oh that’s Chris Matthews on Barey Obama.

  • Mark65

    Robert Reich is a left wing loony tune economist that always blames the private sector for economic downturns. Hey Dille, did you know that it was Freddie and Fannie that created the housing bubble and collapse. The Fair Housing Act back in the late 70s was the real culprit behind this mess too. Freddie and Fannie was created by the government to subsidize loans to people that could not afford them. Thanks to big government socialism and left wing policies we now have s worthless housing market which by the way is bubbling again. You are clueless like so many liberal socialist loons. You and Mike or maybe you are the same person is clueless on real economics. All you do is rant n rave n rant n rave n rant n rave. IT THE REPUBLICANS FAULT. BLAH BLAH BLAH BLAH. Where did you get your education? Micky Mouse U or the Karl Marx school of economics. Worthless

    Yours in capitalism,

    M

  • JohnDille

    I WOULD ADVISE YOU TO STUDY HISTORY MORE CAREFULLY…. IN THE LONG RUN, CONSERVATIVES… RIGHT WINGERS… ALWAYS WIN!!! ALWAYS!!! WHY??? BECAUSE THEY APPEAL TO HATRED AND BIGOTY AND RACISM, AND THEY GLORIFY VIOLENCE AND WAR AND CIVIL DISORDER…. AND THEY ATTACK EDUCATION AND KNOWLEDGE AND REASON AND SCIENCE EVERY CHANCE THEY GET. THEY INSIST ON ENSLAVING THE MASSES, AND ON COMMITTING GENOCIDE AGAINST THE UNPOPULAR AND THE MINORITIES AND THE WEAK AND THE UNUSUAL… GAYS AND GYPSIES AND LIBERALS AND ANYONE WHO LOOKS OR TALKS OR THINKS OR BEHAVES DIFFERENTLY THAN THE PUPPETS AND SHEEP OF THOSE CONSERVATIVES WHO ARE IN POWER. AND, IN THE LONG RUN, CONSERVATIVE PRINCIPLES AND TACTICS WIN…. ALWAYS… BY CRUSHING THE VERY LIFE AND SOUL OUT OF HUMANITY! HISTORICALLY, LIBERALS HAVE ONLY FLOURISHED DURING TIMES OF PEACE AND PROSPERITY, WHEN REASON AND LOGIC AND COMPASSION ARE AFFORDABLE. BUT THEN, THE LIGHTS GO OUT AND WAR AND VIOLENCE AND HATRED AND IGNORANCE REIGN, YET AGAIN. AND THE REASON THAT I BASH CONSERVATIVES AT EVERY OPPORTUNITY IS THAT IT IS CRYSTAL CLEAR TO ME…. THAT THE DYNAMICS THAT MADE THE WORLD… AND ESPECIALLY AMERICA AND ITS WEALTHY ALLIES… SO PROSPEROUS… ARE FADING… BIT BY BIT… AND THE SUN IS SETTING ON LIBERALS AND ON SCIENCE AND LOGIC AND ON FREEDOM AND ON HOPE….. AND THE LONG DARK NIGHT OF A NEW DARK AGE IS RAPIDLY COMING ON! AND IF ANYONE DOUBTS WHAT I HAVE JUST SAID…. YOU KNOW NOTHING AT ALL ABOUT HUMAN HISTORY…. OR ABOUT THE VERY DARK SIDE OF HUMAN NATURE!!! IF THIS LITTLE COMMENTS SCARES THE BEJESUS OUT OF YOU, THEN AND ONLY THEN HAVE YOU FULLY UNDERSTOOD WHAT IT IS THAT I HAVE JUST SAID!

  • JohnDille

    SO…. YOU HAVE LONG SINCE FORGOTTEN… IF YOU EVER KNEW… JUST HOW MUCH CONTEMPT THE WORLD HAD FOR GEORGE BUSH JUNIOR!!! THE WORLDS OPINION OF OBAMA HAS DECLINED… BUT WHEN HE WAS FIRST ELECTED, OBAMA WAS THE MOST POPULAR MAN ON THE PLANET!!! BAR NONE!!! THEN RIGHT WING AMERICA HATERS AND RACIOST RIGHT WING OBAMA BASHERS TOOK OVER, AND THEY HAVE MADE OBAMA… AND AMERICA… LOOK REALLY BAD OVER THE YEARS! REPUBLICANS HAVE GIVEN ENORMOUS AID AND COMFORT TO OUR ENEMIES ALL OVER THE WORLD…THEY USED TO CALL THAT TREASON… IN PART BY MAKING IT IMPOSSIBLE FOR OBAMA TO DO WHAT HE HAS BEEN TRYING TO DO FOR THE LAST 7 YEARS!!! CAN;T DO MUCH TO MAKE AMERICA LOOK GOOD WHEN REPUBLICANS CONSTANTLY LIE AND SPEW HATE AND MAKE AMERICA LOOK LIKE A DEN OF CORPORATE FASCIST CRIMINALS!!! GOOD JOB, RIGHT WINGERS… NOW THE WHOLE WORLD SHARES YOUR HATRED FOR AMERICA… BECAUSE WHEN THEY LOOK AT AMERICA… ALL THEY CAN SEE IS DONALD TRUMP AND OTHER RIGHT WING RACISTS AND BIGOTS AND FACIST MONSTERS!!!

  • JohnDille

    THERE IS ONLY ONE ECONOMIST IN AMERICAN HISTORY THAT I HOLD IN HIGHER ESTEEM THAN ROBERT RIECH… AND THAT IS HIS NOW LONG DEAD MENTOR JOHN KENNETH GALBRAITH. BOTH WERE AND ARE TOTALLY HONEST, REAL TRUE BLUE AMERICANS, AND FIRST AND FOREMOST, CARING AND COMPASSIONATE HUMAN BEINGS!!! AS OPPOSED TO THE RIGHT WING FRAUD MONGERS AND FASCIST BROWN NOSERS WHO POPULATE RIGHT WING POLITICAL AND ECONOMIC CIRCLES!!!

  • Mike

    Probably paid commentors from the GOP….. Note how they all same the same thing, like they are reading from comment cards.. Bright spot is that they won’t win this time around!.. 🙂

  • Mike

    I’m taking bets big mouth…….

  • JohnDille

    BIT BY BIT, I AM FIGURING THAT OUT… BUT LORDY LORDY LORDY, ITS FRUSTRATING TRYING TO SNEAK THE TRUTH PAST RIGHT WING CENSORS…. WHO CAN KNOW JUST WHAT BIT OF TRUTH THEY ARE OBJECTING TO!!! MODERN RIGHT WING MEDIA WOULD MAKE GEORGE ORWELL SEEM DOWNRIGHT OPTIMISTIC ABOUT SUCH JOURNALISTIC FASCISTS!!!

  • daniel1154

    Dillie. What happened to the CAPS? Is it in lower case because you are quoting a political hack from the Clinton administration, or are you just getting old and tired?

  • Joe Cabot

    Congratulations on mastering cut & paste. Now learn how to defeat those mythical censors and you will be in business!

  • JohnDille

    REPUBLICANS CAN BASH DEMOCRATS ALL THEY WANT… AS LONG AS THEY TELL THE TRUTH! ITS THE REPUBLICAN LIES AND HATE FILLED RANTS AND DANGEROUS BALONEY THAT I OBJECT TO… AND THATS JUST ABOUT ALL THAT REPUBLICANS AND OTHER RIGHT WINGERS SEEM CAPABLE OF SPEWING!!!

  • JohnDille

    The following is an excerpt from Peter McKenna’s BOOK… EVENT TRADING PHENOMONON… OR SOMETHING LIKE THAT… I HAD TO DELETE THE ACTUAL TITLE TO GET THIS THROUGH THE CENSORS… GOD FORBID THAT RIGHT WING MEDIA LIKE THIS BOARD WOULD EVER ALLOW PEOPLE TO GO READ STUFF FOR THEMSELVES… ESPECIALLY NOT IF IT IS BASED ON ACTUAL FACTS!!!

    By 1913, the Congress had seen enough and it was time to act. During the previous 50 years, the economy and the market had been wild. Rotations in the business cycle were coming too fast, with booms quickly followed by busts. Stock prices mirrored the crazy antics of the economy, and there was no shortage of panics and scandals involving stock manipulation and fraud. Balance had to be restored.

    The answer was to create an independent central bank. The bank’s most important job would be to manipulate the money supply. As we all know, the money supply plays a vital role in the health of the economy. When the money supply is in balance with the amount of goods and services available for sale, prices remain stable. When there is too much or too little money in circulation, relative to the amount of goods and services available, economic trouble is sure to follow.

    Congress created the Federal Reserve System and gave it the freedom to alter the money supply with Presidential or Congressional approval. Today, the Fed, as it is called, is comprised of a seven-member Board of Governors and 12 regional Federal Reserve Banks. The President of the United States appoints the members of the Board to 14-year terms, subject to confirmation by the Senate. The President also nominates members of the Board to serve as Chair and Vice Chair for four-year renewable terms. But other than making these appointments, the President cannot tell the Fed what to do.

    The Fed manipulates the money supply by changing interest rates. Changing rates is the Fed’s way of keeping the economy healthy. In fact, setting interest rates is the Fed’s most important job. If Wall Street believes there is too much money in circulation, it will expect the Fed to increase rates to shrink the supply. The Street will expect the Fed to lower rates if it feels an infusion of money is necessary to keep the economy healthy.

    Here’s how rates are set. Eight times a year, as the clock ticks toward 2:15 pm, a hush falls over the stock market. On the New York Stock Exchange, trading comes to a near halt as traders stare at television screens. Across the county, at the thousands of trading desks that make up the Nasdaq stock market, the tension can become almost unbearable.

    The people causing this anxiety are sitting at a long table in a building in Washington, DC. They are members of the Federal Open Market Committee (FOMC), the Fed’s policy making committee. It includes the seven Governors, the president of the Federal Reserve Bank of New York, and four regional Bank presidents chosen on a rotating basis. The FOMC is about to raise or lower short-term interest rates, which will increase or decrease the money supply. It can also vote to leave rates unchanged. At 2:15 pm, eight times each year, the committee announces its decision.

  • Rick

    It is true, the rest of the world is laughing at how stupid the American voter is for putting someone like obama in power. Odille was one of those voters.

  • JohnDille

    SO… MARK 65 THE FASCIST RIGHT WING REPUBLICAN… SUPPORTS THE TOTALLY FASCIST FAR RIGHT WING REPUBLICAN DEMOGOGUE KNOWN AS DONALD TRUMP… OR THE LESS VISIBLE BUT EVEN MORE FASCISTIC TED CRUZ??? APPARENTLY SO!

  • Joe Cabot

    For one who claims to know everything about everything, you seem a bit confused. Republicans bash democrats and democrats bash republicans. This is part of the charm of the two-party political myth. Case in point: you yell and scream about republicans all day long yet you get made when a republican bashes a democrat!

  • JohnDille

    Robert Reich: Wall Street and the GOP are trying to rewrite history

    They blame the government now, but the fact remains: Private banks issued 84 percent of subprime mortgages in 2006 Robert Reich,
    This originally appeared on Robert Reich’s blog.

    If you haven’t yet seen “The Big Short” – directed and co-written by Adam McKay, based on the non-fiction prize-winning book by Michael Lewis about the housing and credit bubble that triggered the Great Recession — I recommend you do so.

    Not only is the movie an enjoyable (if that’s the right word) way to understand how the big banks screwed millions of Americans out of their homes, savings, and jobs – and then got bailed out by taxpayers. It’s also a lesson in why they’re on the way to doing all this again – and how their political power continues to erode laws designed to prevent another crisis and to shield their executives from any accountability.

    Most importantly, the movie shows why Bernie Sanders’s plan to break up the biggest banks and reinstate the Glass-Steagall Act (separating investment from commercial banking) is necessary – and why Hillary Clinton’s more modest plan is inadequate.

    I’ll get back to Bernie and Hillary in a moment, but first you need to know why Wall Street wants us to forget what really happened.

    The movie gets the story essentially right: Traders on the Street pushed highly-risky mortgage loans, bundled them together into investments that hid the risks, got the major credit-rating agencies to give the bundles Triple-A ratings, and then sold them to unwary investors. It was a fraudulent Ponzi scheme that had to end badly – and it did.

    Yet since then, Wall Street and its hired guns (including most current Republican candidates for president) have tried to rewrite this history.

    They want us to believe the banks and investment houses were innocent victims of misguided government policies that gave mortgages to poor people who shouldn’t have got them.

    That’s pure baloney. The boom in subprime mortgages was concentrated in the private market, not in government. Wall Street itself created the risky mortgage market. It sliced and diced junk mortgages into bundles that hid how bad they were. And it invented the derivatives and CDOs that financed them

    The fact is, more than 84 percent of the subprime mortgages in 2006 were issued by private institutions, and nearly 83 percent of the subprime loans that went to low- and moderate-income borrowers that year.

    Why has Wall Street been pushing its lie, blaming the government for what happened? And why has the Street (along with its right-wing apologists, and its outlets such as Rupert Murdoch’s Wall Street Journal) so viciously attacked the movie “The Big Short?”

    So we won’t demand tougher laws to prevent another crisis followed by another “too-big-to-fail” bailout.

    Which brings us back to Bernie and Hillary. Hillary Clinton doesn’t want to break up the big banks or resurrect the Glass-Steagall Act, as Bernie does

    Instead, she’d charge the big banks a bit more for carrying lots of debt and to oversee them more carefully. She’d also give bank regulators more power to break up any particular bank that they consider too risky. And she wants more oversight of so-called “shadow banks” such as hedge funds and insurance companies like the infamous AIG.

    In a world where the giant Wall Street banks didn’t have huge political power, these measures might be enough. But, if you hadn’t noticed, Wall Street wields extraordinary power.

    Which helps explain why no Wall Street executive has been indicted for the fraudulent behavior that led up to the 2008 crash. Or for the criminal price-fixing scheme settled last May. And why even the fines imposed on the banks have been only a fraction of the banks’ gains.

    And also why Dodd-Frank is being watered down into vapidity. For example, the law requires major banks to prepare “living wills” describing how they’d unwind their operations if they get into serious trouble. But no big bank has come up with one that passes muster. Federal investigators have found them all “unrealistic.”

    Most of Hillary’s proposals could already have been put into effect by the Fed and the Securities and Exchange Commission, but they haven’t been – presumably because of the Street’s muscle.

    As a practical matter, then, her proposals are invitations to more dilution and finagle.

    The only way to contain the Street’s excesses is by taking on its economic and political power directly – with reforms so big, bold, and public they can’t be watered down. Starting with busting up the biggest banks, as Bernie Sanders proposes.

    More than a century ago, Teddy Roosevelt broke up the Standard Oil Trust because it posed a danger to the U.S. economy. Today, Wall Street’s biggest banks pose an even greater danger. They’re far larger than they were before the crash of 2008.

    Unless they’re broken up and Glass-Steagall resurrected, we face substantial risk of another near-meltdown – once again threatening the incomes, jobs, savings, and homes of millions of Americans.

    To paraphrase philosopher George Santayana, those who cannot remember they were screwed by Wall Street are condemned to be screwed again.

  • JohnDille

    IF IT IS AN AMERICAN MEDIA… IT IS ALMOST CERTAINLY OWNED AND CONTROLLED BY CONSERVATIVES AND OTHER REPUBLICANS. FORTUNATELY, NOT ALL CORPORATE MEDIA ARE TOTALLY RIGHT WING… AT LEAST THEY TRY TO MAKE THEIR ONE SIDED POLITICAL OPINIONS SEEM TO BE FARI AND BALANCED. FOX NEWS EVEN CLAIMS TO DO SO…. WHICH IS WHY JOSEPH GEOBLES WOULD BE SO PROUD OF FOX NEWS” MANY JOURNALISTIC FRAUDS!

  • JohnDille

    IT NEVER GETS OLD WATCHING REPUBLICANS BASH OBAMA … OR BILL CLINTON… OR JIMMY CARTER… OR OTHER WELL KNOWN DEMOCRATS….FOR DESTROYING JOBS IN THE PRIVATE SECTOR!… AND FOR LOTS OF OTHER PRIVATE SECTOR BLUNDERS AND FRAUDS, AS WELL!!!

  • JohnDille

    Wednesday, Jan 13, 2016 01:00 AM MST

    Robert Reich: Wall Street and the GOP are trying to rewrite history

    They blame the government now, but the fact remains: Private banks issued 84 percent of subprime mortgages in 2006 Robert Reich,
    This originally appeared on Robert Reich’s blog.

    If you haven’t yet seen “The Big Short” – directed and co-written by Adam McKay, based on the non-fiction prize-winning book by Michael Lewis about the housing and credit bubble that triggered the Great Recession — I recommend you do so.

    Not only is the movie an enjoyable (if that’s the right word) way to understand how the big banks screwed millions of Americans out of their homes, savings, and jobs – and then got bailed out by taxpayers. It’s also a lesson in why they’re on the way to doing all this again – and how their political power continues to erode laws designed to prevent another crisis and to shield their executives from any accountability.

    Most importantly, the movie shows why Bernie Sanders’s plan to break up the biggest banks and reinstate the Glass-Steagall Act (separating investment from commercial banking) is necessary – and why Hillary Clinton’s more modest plan is inadequate.

    I’ll get back to Bernie and Hillary in a moment, but first you need to know why Wall Street wants us to forget what really happened.

    The movie gets the story essentially right: Traders on the Street pushed highly-risky mortgage loans, bundled them together into investments that hid the risks, got the major credit-rating agencies to give the bundles Triple-A ratings, and then sold them to unwary investors. It was a fraudulent Ponzi scheme that had to end badly – and it did.

    Yet since then, Wall Street and its hired guns (including most current Republican candidates for president) have tried to rewrite this history.

    They want us to believe the banks and investment houses were innocent victims of misguided government policies that gave mortgages to poor people who shouldn’t have got them.

    That’s pure baloney. The boom in subprime mortgages was concentrated in the private market, not in government. Wall Street itself created the risky mortgage market. It sliced and diced junk mortgages into bundles that hid how bad they were. And it invented the derivatives and CDOs that financed them

    The fact is, more than 84 percent of the subprime mortgages in 2006 were issued by private institutions, and nearly 83 percent of the subprime loans that went to low- and moderate-income borrowers that year.

    Why has Wall Street been pushing its lie, blaming the government for what happened? And why has the Street (along with its right-wing apologists, and its outlets such as Rupert Murdoch’s Wall Street Journal) so viciously attacked the movie “The Big Short?”

    So we won’t demand tougher laws to prevent another crisis followed by another “too-big-to-fail” bailout.

    Which brings us back to Bernie and Hillary. Hillary Clinton doesn’t want to break up the big banks or resurrect the Glass-Steagall Act, as Bernie does

    Instead, she’d charge the big banks a bit more for carrying lots of debt and to oversee them more carefully. She’d also give bank regulators more power to break up any particular bank that they consider too risky. And she wants more oversight of so-called “shadow banks” such as hedge funds and insurance companies like the infamous AIG.

    In a world where the giant Wall Street banks didn’t have huge political power, these measures might be enough. But, if you hadn’t noticed, Wall Street wields extraordinary power.

    Which helps explain why no Wall Street executive has been indicted for the fraudulent behavior that led up to the 2008 crash. Or for the criminal price-fixing scheme settled last May. And why even the fines imposed on the banks have been only a fraction of the banks’ gains.

    And also why Dodd-Frank is being watered down into vapidity. For example, the law requires major banks to prepare “living wills” describing how they’d unwind their operations if they get into serious trouble. But no big bank has come up with one that passes muster. Federal investigators have found them all “unrealistic.”

    Most of Hillary’s proposals could already have been put into effect by the Fed and the Securities and Exchange Commission, but they haven’t been – presumably because of the Street’s muscle.

    As a practical matter, then, her proposals are invitations to more dilution and finagle.

    The only way to contain the Street’s excesses is by taking on its economic and political power directly – with reforms so big, bold, and public they can’t be watered down. Starting with busting up the biggest banks, as Bernie Sanders proposes.

    More than a century ago, Teddy Roosevelt broke up the Standard Oil Trust because it posed a danger to the U.S. economy. Today, Wall Street’s biggest banks pose an even greater danger. They’re far larger than they were before the crash of 2008.

    Unless they’re broken up and Glass-Steagall resurrected, we face substantial risk of another near-meltdown – once again threatening the incomes, jobs, savings, and homes of millions of Americans.

    To paraphrase philosopher George Santayana, those who cannot remember they were screwed by Wall Street are condemned to be screwed again.

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    Copyright © 2016 Salon Media Group, Inc.
    SALON ® is registered in the U.S. Patent and Trademark Office as a trademark of Salon Media Group Inc.

  • JohnDille

    SO… WE HAVE SOME RIGHT WING AMERICA HATER BASHING OBAMA AND AMERICA… YAWN…. HEARD IT ALL DOZENS OF TIMES A DAY SINCE AT LEAST 6 MONGHTS BEFORE OBAMA WAS EVEN ELECTED! WAKE ME UP WHEN REPUBLICANS HAVE SOME NEW LIES AND BALONEY AND AMERICA BASHING TO SPEW!!!

  • Mark65

    As I thought, one liberal socialist loon supporting another liberal socialist loon. Boy is this world getting crazy and depressing.
    Yours in capitalism,
    M

  • Mark65

    Ahhhh, It’s liberal Mike trying to get a quick jab again OR IT COULD BE DILLE WHO HAS TWO ACCOUNTS. ONE NAMED MIKE AND THE OTHER JOHN DILLE. I BET THERE IS NO JOHN DILLE OR MIKE. JUST SOME LOONY SOCIALIST THAT HAS A FICTIONAL ACCOUNT LIKE THIS ARTICLE STATES HOW OBAMA SEES THE ECONOMY AS GREAT. ALL FICTION OF COURSE.
    Yours in capitalism,
    M

  • Joe Cabot

    It never gets old watching a political hack take credit for job creation in the private sector.

  • Mike

    Why is it everything you print here is against the Democrats. Is this one of those Black Pool funded GOP rags?

  • Mike

    Bernie by 30 points… Donald who?

  • TheDonald

    as if he needs encouragement. lol

  • daniel1154

    Blame it on the Republicans Dillie. Come on man.