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Fed bails out Bear Stearns
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gnosis
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PostPosted: Tue Mar 18, 2008 1:10 pm    Post subject: Fed bails out Bear Stearns Add User to Ignore List Reply with quote

Just another example of how corporate welfare is the real problem in government, not helping those who actually need it most at the bottom.

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Jason_Harvestdancer
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PostPosted: Tue Mar 18, 2008 1:13 pm    Post subject: Add User to Ignore List Reply with quote

Welfare is welfare, whether it is welfare for the rich or welfare for the poor, and just as wrong either way.
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gnosis
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PostPosted: Tue Mar 18, 2008 1:17 pm    Post subject: Add User to Ignore List Reply with quote

Jason_Harvestdancer wrote:
Welfare is welfare, whether it is welfare for the rich or welfare for the poor, and just as wrong either way.


Welfare for those who are already rich is equivalent to helping the poor eh? Compassion must be a sin to those who have economics as a religion it seems.
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Ivan_Ivanov
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PostPosted: Tue Mar 18, 2008 1:19 pm    Post subject: Add User to Ignore List Reply with quote

gnosis wrote:
Welfare for those who are already rich is equivalent to helping the poor eh? Compassion must be a sin to those who have economics as a religion it seems.

Robbing people is equivalent to robbing people.
Theft must be a virtue for those who have socialism as religion.
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Jason_Harvestdancer
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PostPosted: Tue Mar 18, 2008 1:24 pm    Post subject: Add User to Ignore List Reply with quote

gnosis wrote:
Jason_Harvestdancer wrote:
Welfare is welfare, whether it is welfare for the rich or welfare for the poor, and just as wrong either way.


Welfare for those who are already rich is equivalent to helping the poor eh? Compassion must be a sin to those who have economics as a religion it seems.


Helping the poor != welfare for the poor.

Welfare != compassion.

Theft is theft, no matter who you give the loot to.
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gnosis
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PostPosted: Tue Mar 18, 2008 1:36 pm    Post subject: Add User to Ignore List Reply with quote

Ivan_Ivanov wrote:

Robbing people is equivalent to robbing people.
Theft must be a virtue for those who have socialism as religion.


Jason_Harvestdancer wrote:
Welfare is welfare, whether it is welfare for the rich or welfare for the poor, and just as wrong either way.

Helping the poor != welfare for the poor.

Welfare != compassion.

Theft is theft, no matter who you give the loot to.


Taking back that which has already been stolen from you is known as reclaiming. I challenge your assumption that such wealth is legitimate property. It's like robbing someone and accusing them of a crime when they take their stuff back.

The poor and oppressed in U.S. society have had far more stolen from them over the years than the powerful elite, because they lack the power to oppose such actions.
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Ivan_Ivanov
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PostPosted: Tue Mar 18, 2008 1:40 pm    Post subject: Add User to Ignore List Reply with quote

gnosis wrote:
Taking back that which has already been stolen from you is known as reclaiming. I challenge your assumption that such wealth is legitimate property. It's like robbing someone and accusing them of a crime when they take their stuff back.

If you accuse someone of theft, you're the one that needs to provide evidence, and so far it seems your argument is that people have something that others don't, which is outright ridiculous.
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PostPosted: Tue Mar 18, 2008 1:42 pm    Post subject: Add User to Ignore List Reply with quote

Question for all you economists. How is this going to affect inflation? Since the government is assuming this massive amount of debt and by dropping the interest rates by another three quarters aren't we still just taking all the other industries down with the mortgage industry?
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gnosis
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PostPosted: Tue Mar 18, 2008 1:44 pm    Post subject: Add User to Ignore List Reply with quote

Ivan_Ivanov wrote:

If you accuse someone of theft, you're the one that needs to provide evidence, and so far it seems your argument is that people have something that others don't, which is outright ridiculous.


Evidence:

Predatory Lending

Slavery
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Ivan_Ivanov
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PostPosted: Tue Mar 18, 2008 1:52 pm    Post subject: Add User to Ignore List Reply with quote

gnosis wrote:
The poor and oppressed in U.S. society have had far more stolen from them over the years than the powerful elite, because they lack the power to oppose such actions.

I agree on this, but probably not in the way you'd like.
In any case the solution is to stop the robbing, not having more of it.

And for fuck's sake, spend the extra 5 seconds making sure you've written down everything you had to say on the topic.

Romans wrote:
Question for all you economists. How is this going to affect inflation? Since the government is assuming this massive amount of debt and by dropping the interest rates by another three quarters aren't we still just taking all the other industries down with the mortgage industry?

It won't necessarily be inflationary, as, the way I understanding, no new money was created.
What will happen tough is that if that debt turns out to be bad (which it will, as no one in his right mind wanted to buy it, the Fed had to do it), you'll foot the bill through taxes.
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Last edited by Ivan_Ivanov on Tue Mar 18, 2008 2:01 pm; edited 1 time in total
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Ivan_Ivanov
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PostPosted: Tue Mar 18, 2008 1:57 pm    Post subject: Add User to Ignore List Reply with quote

gnosis wrote:
Predatory Lending

The fact that some clueless moron called it "predatory" doesn't mean it's not a completely voluntary transaction.

Quote:
Slavery

And what's the justification for taking money from people who had nothing to do with slavery, as this is what government welfare does?
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Jason_Harvestdancer
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PostPosted: Tue Mar 18, 2008 2:03 pm    Post subject: Add User to Ignore List Reply with quote

gnosis wrote:
Ivan_Ivanov wrote:

Robbing people is equivalent to robbing people.
Theft must be a virtue for those who have socialism as religion.


Jason_Harvestdancer wrote:
Welfare is welfare, whether it is welfare for the rich or welfare for the poor, and just as wrong either way.

Helping the poor != welfare for the poor.

Welfare != compassion.

Theft is theft, no matter who you give the loot to.


Taking back that which has already been stolen from you is known as reclaiming. I challenge your assumption that such wealth is legitimate property. It's like robbing someone and accusing them of a crime when they take their stuff back.


I challenge you to show that welfare is reclaiming in any sense of the word.

gnosis wrote:
The poor and oppressed in U.S. society have had far more stolen from them over the years than the powerful elite, because they lack the power to oppose such actions.


Prove it. Predatory lending doesn't prove it, and the last legal slave in this country died a very long time ago.
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PostPosted: Tue Mar 18, 2008 2:30 pm    Post subject: Add User to Ignore List Reply with quote

Ivan_Ivanov wrote:
gnosis wrote:
Predatory Lending

The fact that some clueless moron called it "predatory" doesn't mean it's not a completely voluntary transaction.

Just like when pretty adult women have sex with underage men.

Sicko's say, niiiiiice...

I really hope anarcho-capitalists get what they want. They'll be the first to be fucked by it. The first because as the huge dildo of laissez faire greed starts to penetrate, the only thing they can say about it, "This is the way it's supposed to be!"
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Ivan_Ivanov
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PostPosted: Tue Mar 18, 2008 2:33 pm    Post subject: Add User to Ignore List Reply with quote

kmisho wrote:
Just like when pretty adult women have sex with underage men.

Sicko's say, niiiiiice...

I really hope anarcho-capitalists get what they want. They'll be the first to be fucked by it. The first because as the huge dildo of laissez faire greed starts to penetrate, the only thing they can say about it, "This is the way it's supposed to be!"

Just like it happened in the US during the time of relative liberty.
Everyone was so fucked be greed and people were oh so poor, especially when compared to other places in the world, right?
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It is as though your species' brain is too small to hold a simple thought such as, WE WILL KILL YOU FOR DISOBEYING!
This is not a complex idea.
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PostPosted: Tue Mar 18, 2008 2:47 pm    Post subject: Add User to Ignore List Reply with quote

Ivan_Ivanov wrote:
kmisho wrote:
Just like when pretty adult women have sex with underage men.

Sicko's say, niiiiiice...

I really hope anarcho-capitalists get what they want. They'll be the first to be fucked by it. The first because as the huge dildo of laissez faire greed starts to penetrate, the only thing they can say about it, "This is the way it's supposed to be!"

Just like it happened in the US during the time of relative liberty.
Everyone was so fucked be greed and people were oh so poor, especially when compared to other places in the world, right?
I believe you are attempting to claim the short term gains of industrialization as long term gains of capitalism.
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Now this religion happens to prevail/Until by that one it is overthrown/Because men dare not live with men alone/But always with another fairy tale.
al-Ma'arri, Syrian Poet, died 1057

You deny the existence of 999 alleged Gods. I merely deny one more - yours.
John MacKinnon Robertson, "Godism" 1896

"Never is a long time." Robert Fripp, 1998

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