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CNBC - "1 Year Later . . . Who Missed the Warning Signs"

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HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-09-09 02:43 PM
Original message
CNBC - "1 Year Later . . . Who Missed the Warning Signs"
Long Story Short, they're doing this month-long special on that little event last year called The Inevitable Result of Disaster Capitalism (well, that's what it should be titled, anyway) and one of the segments is about "warning signs . . . and who missed them".

:think: :think: :think: :think: :think: :think: :think: :think:

Um . . . you guys want some "warning signs"? Here's a few:

- An economy that for 30 years has been primarily built on war/defense, pharmaceuticals, insurance, debt investment, technology and risky financial instruments; with the exception of technology, all unstable, speculative sectors and concentrate wealth and security on the top of the chain.

- Pretty much every social program has either been cut or de-funded, resulting in poor schools, crumbling infrastructure and a social safety net that isn't worth the paper it's non-existent plan is printed on.

- With the exception of the Clinton years, taxes on the wealthy have been lower and lower with each passing year, which is part of the reason for a 10 trillion dollar increase in the national debt (the other part being worthless, illegal and greed-based occupations).

- The U.S.A.'s continued refusal to institute single payer health care, which leads to good jobs leaving our shores thanks to the crushing costs to employers, who for some foot-shooting reason are by and large against single-payer . . . and around and round we go . . . :eyes:

- The emphasis on short-term profit and market share above all rather than long-term outlook, steady job creation and real wealth building affects the economy with booms, bubbles and crashes every 7 years like clockwork.

- The Manufacturing, Automotive and General Industry in the US has gone the way of the Dodo, resulting in several million displaced workers, many of whom will be experiencing long periods of un/under-employment. That is, unless they magically grow a money tree and get expensive . . . "Re-Training".

- College costs have skyrocketed while college degrees (thanks to there being substantially less jobs available than college-educated workers that can fill them) have become all but worthless.

- Our corporations have been overrun by Strauss-school bean-counters who refuse to veer from this predatory plan that has failed the overall economy for that same amount of time (you know, unless you happen to be well-monied . .. then it works out just fine).

- Incomes of the wealthy have increased anywhere from 29 to 1000 percent while the average worker makes, in real dollars, the same income he/she did in 1973 (this same condition was prevalent in the Great Depression as well).

- Job security no longer exists in many American occupational sectors, which now require massive amounts of expensive and time-consuming training to even get entry to.

- Offshore out/in-sourcing has replaced paying American citizens good wages and has jeopardized the future of at least 14 million jobs by 2015 according to one survey.

- Corporate influence on the government, who enables them with perks, personhood and privilege while dropping Joe Sixpack in a hole with a fork.

- An electorate who almost continually votes against their best interests election year after election year to enable "business as usual" while stuffing their pockets.

- Every place Disaster Capitalism has been installed, it's resulted in wealth inequality, massive debt, unemployment and poverty.

Seriously. HOW did they think this was going to end?

"Warning signs?"

Or merely "laughing at the inevitability because it only affects the little people"?
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Generator Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-09-09 02:46 PM
Response to Original message
1. Lying sacks of shit
Inside job AND massive incompetence. Reminds me of 9/11.
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HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-09-09 03:13 PM
Response to Reply #1
6. Jim Cramer could be one of them.
Remember when he said (paraphrasing) "There's no need to take your money out of Bear Stearns!" and the next week, they and their stock price went off the cliffside.
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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-09-09 02:49 PM
Response to Original message
2. Is this the link?
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HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-09-09 03:11 PM
Response to Reply #2
5. I think, but the special is actually called "1 Year Later".
It was kind of their "9/11", one which probably has as much cover-up and chicanery when all is said and spent.

I ought to read through that and see what they have to say. Although it's CNBC, so I'm not expecting Paul Krugman or anything . . .
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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-09-09 08:46 PM
Response to Reply #5
9. You got to know their spin to counter it.
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still_one Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-09-09 02:50 PM
Response to Original message
3. They were major co-conspirators in the pyrimid game they pushed everyday /nt
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gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-09-09 02:51 PM
Response to Original message
4. Could it have been the Big Money Boys and their media enablers?
What am I thinking?! Of course it's those lazy fucking welfare mothers, blowing their assistance checks on food and clothing instead of investing in futures!
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ejpoeta Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-09-09 03:41 PM
Response to Original message
7. economy built on the moving around of money instead of creating things...
what could go wrong?? yeah, a shell game never goes wrong.
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HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-09-09 05:24 PM
Response to Reply #7
8. And just like Three Card Monte-
The house wins almost every time.
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