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Oct072009
« Video: Dylan Ratigan On Corporate Communism: "$24 Trillion Of National Capital Is Being Sucked Into A Broken Banking System At Our Expense" »
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Another home run from Ratigan. We will complete the post later, but the clip is too important to wait until we had the time to do a write-up. So just enjoy. Runs 5 minutes. First 30 seconds are health care, then it's banking and the bail outs.
- "The beneficiaries of an ongoing $24 trillion taxpayer-funded bailout...$24 trillion dollars."
- "That is national capital that is being sucked into a broken banking system at the expense of the rest of our country. They continue to use "Too Big To Fail" as blackmail to the taxpayer in order to get us to provide capital to them."
- "It is a system that takes resources from the citizenry and redistributes it to a tiny elite."
- "A handful of weak, un-competitive, outdated companies and industries are purchasing control of the American political system in order to stay in business using their cronyism.
- "It is coming at the direct expense of the rest of us in this nation. And it's a total betrayal of everything that represents America."
Read Dylan's Accompanying Editorial: Corporate Communism Is Killing America
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Wednesday, October 7, 2009 at 2:30PM
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Reader Comments (20)
http://www.huffingtonpost.com/dylan-ratigan/americans-have-been-taken_b_285225.html
Previous Ratigan editorial
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Same thing I was wondering....ready, aim, fire, direct hit by Ratigan. He's gonna need protection if he doesn't start backing off...
Did you notice by the way in Sorkin's Vanity Fair excerpt that John Mack got on the phone and called Immelt at GE to complain about CNBC?
And there was something else in Sorkin's piece that kind of proves Paulson was lying about Lehman...i'll post about it later...
http://dailybail.com/home/the-mother-of-all-irony-playboy-magazine-targets-the-daily-b.html
http://www.chron.com/disp/story.mpl/business/steffy/6655793.html
Still chasing shadows?
http://krugman.blogs.nytimes.com/2009/10/07/still-chasing-shadows/
http://www.thefirstpost.co.uk/54406,news-comment,business,after-sub-prime-comes-an-old-prime-crisis
Presidents have slumbered on its mattresses aboard Air Force One. Dignitaries have slept on them in the Lincoln Bedroom. Its advertisements have featured Henry Ford and H. G. Wells. Eleanor Roosevelt extolled the virtues of the Simmons Beautyrest mattress, and the brand was immortalized on Broadway in Cole Porter’s song “Anything Goes.”
Its recent history has been notable, too, but for a different reason.
"State intervention in economic production arises only when private initiative is lacking or insufficient, or when the political interests of the State are involved. This intervention may take the form of control, assistance or direct management."
In the first segment, Dylan's guest suggests a need to get control of it before something bad happens. I think we've reached the point of no return. American's need to do what they do well. Invent and produce. Obama promised to end outsourcing. There were attempts to include legislation in the bailout that would require the banks to employ and contract with American service providers. That piece of the bailout when the same way the bonus controls went when zero interest multi million dollar loan recipient, Senator Chris Dodd, despite a failing memory of his precise action, took that language out of the bill in conference.
Like I said, Americans want to do what they do well. If that option is taken from them, they may very well do what they do best: insurrection. Of all the peoples on the planet, the last mob a false government and it's fascist pimps should choose to anger is 300 Million upset Americans. We invent, we own, we maintain, we live inside this vast infrastructure that feeds the allusion of wealth to the fascist pimps and their whores in our government.
These guys need to get smart - regain their sense of survival - because they're two shakes away from being roasted on a spit.
So many smart, inteligent people in US preaches endlesly for decades!!!! about this fenomen. US has been hijacked long time ago - take your country back... and you will also save the World. You will win back the respect you lost long time ago.
Most enslaved are those thinking they are free.Forget mainstream media and Google the news , events and TRUTH history.
John,
That's a striking metaphor. It hits home on a number of levels.
Great posts.
Our greatest enemy today was Reagan's "freedom fighter", to the tune of 3 billion dollars in aid plus unlimited training in how to combat modern armies. Seems they adhered to the training well...
Capitalism functions entirely in a free market without government perversions of it. It is based on "Individualism."