Video: Romney Wants Government Money
Via ABC News: “In a long-forgotten tape from the 2002 Massachusetts governor’s race obtained by ABC News, Mitt Romney is seen touting his Washington connections and his ability to get millions of taxpayer dollars from the federal government…”.* Cenk Uygur and Ben Mankiewicz discuss on The Young Turks. * abcnews.go.com Subscribe to The Young Turks: bit.ly Find out how to watch The Young Turks on Current by clicking here: www.current.com The Largest Online New Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com
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@shalcall Yeah right. We need a Hamiltonian revival here; a total overhaul of the federal reserve system; and a complete set-aside of these nonsense ‘social issues’ that are simply impediments to tackling the real issues of fiscal policy and power projection.
@Joseph565112 Apparently you need an economics degree to understand what the FED is actually doing, and how it’s not a detriment to our economy.
Government is the new industry! The GOPers want to privatize everything and charge the government for it!
@shalcall Yes it does, I have it in a case study book with about two dozen others, edited by Ralph Carter.
No one needs a degree in economics to know that getting your own money loaned back to you ar interest is bad.
Mind you, this is different from a national debt, obviously, which actually has some utility….the English invented the concept of a permanent national debt and sold shares of it through the Bank of England to finance the building of an empire!
There is something wrong with begging from the Federal Government, he has no room to speak when criticizing the liberal agenda in Washington. The only logical choice is Ron Paul 2012!
@Joseph565112 Maybe you should reread the book report you mentioned by Lairson. It doesn’t say what you say it says.
I urge you to broaden your reading list on macro economics.
Mitt would be a perfect batman criminal mastermind.
@shalcall Anyone can read academic work, like the case study of the economic disaster by Thomas Lairson, professor of international business and political science at Rollins, as well as a Fulbright Fellow as of just last year
His piece will give you not only a great overview of what happened, but also of little facts and figures like the interest rates (varying from zero to sometimes 1%) of the loans through the FED, etc.
“The Global Financial Crisis: Governments, Banks, and Markets”
@shalcall I would like to see the FED employ the Hamiltonian model which saved this country once, in which the bank is openly private, yet the US govt must own no less than 25% of the stock, and remaining shares are then sold both domestically and internationally..
but with strict attention paid to make sure no one person or corporation (like another bank) accumulate more than 20% of the remaining shares on their own.
@JunkCCCP And here I thought he was just a vampire.
@Joseph565112 I’d check those real interest rates before I made the assertion that they were lending back to us at interest.
Secondly, what exactly would you do differently than the FED is doing? Not lend money to the banks? Lend at higher interest rates? Do you really think that would have a positive effect?
Conservatives just love to be outraged. I was recently at a debate between an atheist and a theist on whether the USA should be “a country under God.” I encountered an older couple in the lobby: the wife was trying to calm down the husband because he was on the verge of violence at some very mild agnostic statements by Matt Dillahunty.
@shalcall I am not a Paul supporter.
No, you need an education. I support a national bank, like the first national bank as Hamilton designed.
The FED does not operate through sovereign credit, like the Bank of England (which Hamilton used as a model) it operates on a crony loaning system which helped to erect the six mega banks to their position.
Now it is helping them make money off the American debt by giving them free money to lend back to us at interest by buying securities..
@Joseph565112 Oh God, I just realized that I must be arguing with a Paulbot. Please go get an education. The FED is not the evil you’ve been led to believe it is.