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Oct 10, 2008

Analysis: The end of American capitalism?

The worst financial crisis since the Great Depression is claiming another casualty: American-style capitalism.

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“Let sleeping dogs lie.”

Joined: Jan 19, 2008

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Monroe Township

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#1
Oct 10, 2008
 

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"Credit, the lifeblood of capitalism, ceased to flow. An economy based on the free market cannot function that way."

http://www.msnbc.msn.com/id/27112481/

Maybe the reason our style of capitalism in such serious trouble is because credit is it's lifeblood. Doesn't it make more sense that being financially sound means being debt free?

“DUTY HONOR COUNTRY”

Joined: Jun 14, 2008

Comments: 1153

Bushville N.Y.

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#2
Oct 10, 2008
 

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You could expect no less than that from MSNBC.Maby its because no body watches them.They enjoy very low ratings.with the likes of Matthews,Oberman,Shyster,and now that other Air America loser,"Butchie" Maddow!

you never get only optimistic slant on anything with them.What do they propose a China style economy?

Enough of these profits of doom.
they are truly vultures.

Good news is No body looks At Them.

As it is GE,the parent company is also going down.Its currant CEO,is one of the worst...a black hearted liberal. but no mention of their own problem.

So desperate they are ,there bringing that fat ass Rosie back.
This for R&R for their loony left wing nut lookers!.......YUCK!!

“Try a spoonful of sugar.”

Joined: Oct 17, 2007

Comments: 1651

Milky Way Galaxy

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#3
Oct 10, 2008
 

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BEAN51 wrote:
You could expect no less than that from MSNBC.Maby its because no body watches them.They enjoy very low ratings.with the likes of Matthews,Oberman,Shyster,and now that other Air America loser,"Butchie" Maddow!
you never get only optimistic slant on anything with them.What do they propose a China style economy?
Enough of these profits of doom.
they are truly vultures.
Good news is No body looks At Them.
As it is GE,the parent company is also going down.Its currant CEO,is one of the worst...a black hearted liberal. but no mention of their own problem.
So desperate they are ,there bringing that fat ass Rosie back.
This for R&R for their loony left wing nut lookers!.......YUCK!!
Hey Christian fundie, just a guess, English isn't your native language, is it? Although judging by the content of your post, you're probably just another ignorant Christian sheep with a GED. Or worse, a degree from a diploma mill like Liberty or Regent.
Savoy

Malmö, Sweden

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#4
Oct 10, 2008
 

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Asia need not worry about Wall Street if they start trading with each other. China and India alone comprise a market of more than 2 billion people. It is already now an economic power center and a center of wealth creation. Asia does not need Wall Street, it's greed, fraud and robber barons. Go for it Asia.

For America to create or at least maintain wealth, it needs a very cheap source of energy and Nuclear Power is the way to go.

“DUTY HONOR COUNTRY”

Joined: Jun 14, 2008

Comments: 1153

Bushville N.Y.

ISP: North Port, FL

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#5
Oct 10, 2008
 

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Reasoner wrote:
<quoted text>
Hey Christian funder, just a guess, English isn't your native language, is it? Although judging by the content of your post, you're probably just another ignorant Christian sheep with a GED. Or worse, a degree from a diploma mill like Liberty or Regent.
You sound like an effeminate librarian.Possibly of some exotic fath...like navel worshipers.

I guess with your store bought diploma ,you are now the expert of language,commas,peroids,ECT... how exciting ,you must be a lovely figure correcting Blogs .Get a life ,a friend ,in your case ,no matter what.....so get lost. Get away from MSNBC.Strange they all sound like you! Lunatic minority! AH,..yes gotta put this in for "you sound like a real AH, "well used AH, I'm sure.Such a dear you are!
So run along now and play at some blog somewhere,.By sweetie! Go find yourself a corner!make a buck or two!! An AH like you will have no problem..and mind your Ps and Qs. Oh your such a Bitch!!

“It's about the American People”

Joined: Jun 17, 2007

Comments: 4453

Flushing, NY

ISP: Glen Head, NY

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#6
Oct 10, 2008
 

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With Barack Hussein Obama taking power in America, America will become like Bangladesh the country of the bad loans for the poor as the new Islamic Marxist socialistic country that used to be called America.
It will be another step for Islam to take control of the evil American infidels from within and without shooting even one bullet.
There is one man in America today who is laughing like crazy...and is happy about the destruction of US economy as called by the Islamic prophet Mohammad.
With him there are tens of millions of Islamic terrorists of Hamas and Hezbollah and others that believe that Barack Hussein Obama is the Masaya that will topple America from within.
His name is Barack Hussein Obama that since late 1980's was teaching the underground ACORN radical anti America left organization how to destroy America from within.
The plan was to blackmail the banks and force them one after the other to give bad loans to the poor of the streets of Chicago and Detroit that will never be planned to be paid back.
Then, the bad loans were transferred by the Community Organizer crook Barack Obama as worthless mortgage to Fannie Mae and Freddie Mac that were used by the corrupt and deceitful liberal Congressmen and Congresswoman to cover-up the massive theft of hundreds of billion dollars from the American people.
During the Clintons era, reckless and unlawful Bill Clinton made efforts to support the blacks and buy their votes with the corrupt and deceitful liberal politicians in US congress.
Bill Clinton decided to make the Community Act more flexible and to allow the underground anti-American radical left Acorn with Barack Obama as his lawyer to steal hundreds of billions of dollars from banks with threats.
The rate of bad loans rose dramatically tripled when Pelosi, Barack Obama and Reid took control of US Congress in 2006 as they let trillions of dollars stolen in daylight from the American people by Acorn organizations agents who learned the blackmailing tricks from Barack Hussein Obama.
The result is known today, as the US economy collapsed because of more than two trillion bad loans that made by Acorn and similar underground anti- American radical left organization that seek the demise of US as the successful capitalistic country of freedom for all. Thank you Barack Hussein Obama to be behind the most heinous crime against the American people aiming to destroy America from within as called by the Islamic Prophet Mohammad.
Savoy

Malmö, Sweden

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#7
Oct 10, 2008
 

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Please come with your ideas and thoughts and wisdom. We don’t care about grammar or spelling in Forums - just your thoughts. Harvard Business School or a Nobel price didn’t help much at Wall Street anyway. Thes "smart" guys actually caused this mess in the first place.
geez

Houston, TX

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#8
Oct 10, 2008
 

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Why must every thing always go up & up , profits be more and more , stocks go higher and higher , in perpetuity. This model is not sustainable. May be that is what causes these companies to cook books and use crazy “mark to make believe” accounting/ valuations , when in reality they cannot bring in more profits than the previous year. It is not wise to tie the countries future to such a unsustainable model.
geez

Houston, TX

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#9
Oct 10, 2008
 

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Unending predatory greed based model has gotten us as far as it could, push for more will only bring progressively diminishing returns, in form of corruption , endless scams and ultimately system eating itself .

“Let sleeping dogs lie.”

Joined: Jan 19, 2008

Comments: 2706

Monroe Township

ISP: Ashtabula, OH

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#10
Oct 10, 2008
 

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BEAN51 wrote:
You could expect no less than that from MSNBC.Maby its because no body watches them.They enjoy very low ratings.with the likes of Matthews,Oberman,Shyster,and now that other Air America loser,"Butchie" Maddow!
you never get only optimistic slant on anything with them.What do they propose a China style economy?
Enough of these profits of doom.
they are truly vultures.
Good news is No body looks At Them.
As it is GE,the parent company is also going down.Its currant CEO,is one of the worst...a black hearted liberal. but no mention of their own problem.
So desperate they are ,there bringing that fat ass Rosie back.
This for R&R for their loony left wing nut lookers!.......YUCK!!
What makes you say that Jeffery Immelt is a liberal? I am a long time GE employee saw no liberal tendencies from either Immelt or Welch.

Welch caused GE's current state because of his greed and mismanagement. Welch squeezed GE dry for the sake of profits, but put nothing back into the company. He left nothing for Immelt to work with.

“Try a spoonful of sugar.”

Joined: Oct 17, 2007

Comments: 1651

Milky Way Galaxy

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#11
Oct 10, 2008
 

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BEAN51 wrote:
<quoted text>
You sound like an effeminate librarian.Possibly of some exotic fath...like navel worshipers.
I guess with your store bought diploma ,you are now the expert of language,commas,peroids,ECT... how exciting ,you must be a lovely figure correcting Blogs .Get a life ,a friend ,in your case ,no matter what.....so get lost. Get away from MSNBC.Strange they all sound like you! Lunatic minority! AH,..yes gotta put this in for "you sound like a real AH, "well used AH, I'm sure.Such a dear you are!
So run along now and play at some blog somewhere,.By sweetie! Go find yourself a corner!make a buck or two!! An AH like you will have no problem..and mind your Ps and Qs. Oh your such a Bitch!!
I'm sure there was a coherent thought or sentence somewhere in that mess of a post, but I'm damned if I could find it. I could try harder, but I sure as hell don't think such a Sisyphean task would yield anything that would make it worthwhile.

But thanks for stepping away from tending your hogs to respond.

“DUTY HONOR COUNTRY”

Joined: Jun 14, 2008

Comments: 1153

Bushville N.Y.

ISP: North Port, FL

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#12
Oct 10, 2008
 

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Reasoner wrote:
<quoted text>
I'm sure there was a coherent thought or sentence somewhere in that mess of a post, but I'm damned if I could find it. I could try harder, but I sure as hell don't think such a Sisyphean task would yield anything that would make it worthwhile.
But thanks for stepping away from tending your hogs to respond.
God! your so cute,spunky too...you almost sound like you gotta a pair,but I do not think so..I like your girly talk , "tending to my Hogs"..how bitchy you sound,keep it up,if you can...LOL!

Joined: Mar 16, 2008

Comments: 1695

Centerview, MO

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#13
Oct 10, 2008
 

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if we have a dem pres and a dem congress the word will not be capitalist but will be socialist!! and that is not democracy!!!!

“DUTY HONOR COUNTRY”

Joined: Jun 14, 2008

Comments: 1153

Bushville N.Y.

ISP: North Port, FL

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#14
Oct 10, 2008
 

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3 Dog night wrote:
<quoted text>What makes you say that Jeffery Immelt is a liberal? I am a long time GE employee saw no liberal tendencies from either Immelt or Welch.
Welch caused GE's current state because of his greed and mismanagement. Welch squeezed GE dry for the sake of profits, but put nothing back into the company. He left nothing for Immelt to work with.
GE,a great company.However they are not immune to mismanagement,and the currant CEO,may be shown the door.The question is how many millions will he steal.

Stay tined in the next weeks,or rather days.I truly hope if you have benefits or whatever from them your safe.

Yes he his a liberal.He takes no responsibility for NBC becoming the official site for the election of OBAMA...He has been under fire for dealing with IRAN,by circumventing the ban on doing business with them.Selling Iran critical technology.

NBC is in a hole.This under GE's attempt to have NBC being the most liberal news distorter's around.

I remember when GE had class..Ronald Regan when GEs spokes man represented the Old GE..Today,they are no different than the rest of the crooks.Their CEO...Will Go..Stay tuned....Have a beer.Don't worry be Happy..have another beer.I Hope you and I will not have to go that route...Beer induced Alzheimer's!!..have a beer for mr. OMLET!!
On Confidence At All

Houston, TX

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#15
Oct 10, 2008
 

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This country does not have capitalism but a corporatist Oligarchy. They write the rules to Always favor them , Oligarchy runs the country through their political drones that people vote for, but Oligarchy hijacks the politicians via “legal” lobbies. It is a racket , or nothing is what it appears to be. It is fundamentally NOT sound ,opposite of what Bush says, there is no “fix” once average citizen realize how hollow this corporatist Oligarchy is , it will be finally over.
That will be a good thing so it can be built up correctly from scratch, till then work “without” credit, pay as you go .

“Yes We Did!”

Joined: Jun 26, 2008

Comments: 181

Stoughton

ISP: Madison, WI

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#16
Oct 10, 2008
 

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BEAN51 wrote:
You could expect no less than that from MSNBC.Maby its because no body watches them.They enjoy very low ratings.with the likes of Matthews,Oberman,Shyster,and now that other Air America loser,"Butchie" Maddow!
you never get only optimistic slant on anything with them.What do they propose a China style economy?
Enough of these profits of doom.
they are truly vultures.
Good news is No body looks At Them.
As it is GE,the parent company is also going down.Its currant CEO,is one of the worst...a black hearted liberal. but no mention of their own problem.
So desperate they are ,there bringing that fat ass Rosie back.
This for R&R for their loony left wing nut lookers!.......YUCK!!
You mean uneducated people don't watch, don't you?

"Maby" is spelled maybe.
"No body" is spelled nobody.
"very low ratings. with the likes" requires neither a period nor a comma.
"Obermann" is Olbermann.
Making fun of someone's sexuality is not polite.
China actually has a national surplus.
Oh god, I can't go on. Why didn't you just write, "Yew guys r stoopid."? That's the value of the statements you've made.

“Yes We Did!”

Joined: Jun 26, 2008

Comments: 181

Stoughton

ISP: Madison, WI

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#17
Oct 10, 2008
 

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I know what it is about Beans 51! He's a troll hired by the Palin branch of McCain's campaign, probably outsourced from Darfur. That's why his responses are of poor grammar and make little sense!

“Let sleeping dogs lie.”

Joined: Jan 19, 2008

Comments: 2706

Monroe Township

ISP: Ashtabula, OH

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#18
Oct 10, 2008
 

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BEAN51 wrote:
<quoted text>
GE,a great company.However they are not immune to mismanagement,and the currant CEO,may be shown the door.The question is how many millions will he steal.
Stay tined in the next weeks,or rather days.I truly hope if you have benefits or whatever from them your safe.
Yes he his a liberal.He takes no responsibility for NBC becoming the official site for the election of OBAMA...He has been under fire for dealing with IRAN,by circumventing the ban on doing business with them.Selling Iran critical technology.
NBC is in a hole.This under GE's attempt to have NBC being the most liberal news distorter's around.
I remember when GE had class..Ronald Regan when GEs spokes man represented the Old GE..Today,they are no different than the rest of the crooks.Their CEO...Will Go..Stay tuned....Have a beer.Don't worry be Happy..have another beer.I Hope you and I will not have to go that route...Beer induced Alzheimer's!!..have a beer for mr. OMLET!!
You're right. GE used to be a good company. They have fallen with the rest of the great companies of this country. There are lots of reasons but probably the biggest are greed and shortsightedness. GE never should have gotten involved in things like NBC. It weaken the company.

As you have said, I could see the handwriting on the wall a long time ago and sold my GE stocks. It doesn't do any good to worry about the financial situation. The best we can do is look out for ourselves and enjoy the nice fall weather. Oh yeah, and have a beer or two.
Tngz

Montreal, Canada

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#19
Oct 10, 2008
 
Money is just a convention of rules for a play game. Somehow a quite visible sector of the society depends on it but every game has players playing at different levels of attachments. The crisis affect directly who are addicted and might be generalized to the point that discreet "patronage" might decide to "host" otherwise. Therefore be alert and efficient with established good rules of civil democracy in the society.

As citizens, try to do things as usual with extra precautions and keep spirit high on civism.

As law makers and public officials/workers , stand right in accordance with reason and commonsense. Do not sign anything or obey anybody if there is no understanding or no logic. Defense of public interests come before personal loyalty, even the loyalty can be of filialness.

Hint: If the great majority of the population is left in distress in favor of further teasings to a minority of already opulent honorable or profitist/live-over citizens, then governments do not do a proper job.
Mac-7

Dallas, TX

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#21
Oct 10, 2008
 
Savoy wrote:
Asia need not worry about Wall Street if they start trading with each other. China and India alone comprise a market of more than 2 billion people. It is already now an economic power center and a center of wealth creation.

Asia does not need Wall Street, it's greed, fraud and robber barons. Go for it Asia.
"Asia does not need Wall Street, it's greed, fraud and robber barons."

I wonder how Asian robber barons differ from others?

Anyway China and India still need the rest of the world, and are not ready to fly solo just yet.
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