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View Diary: Cory Booker Just May Have Done President Obama a Favor (138 comments)

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  •  The definition of growth (0+ / 0-)

    has a whole different meaning in the financial markets. What they are growing seems to be toxic to any real economy that we all have to live and work in. Why it is touted as the inevitable global way forward after it failed miserably is understandable if your part of the ownership class, but to most people just isn't believable with good reason. The poll on the front page this morning shows that people are aware of this.

    What do you think is the bigger problem in this country—unfairness in the economic system that favors the wealthy or over-regulation of the free market that interferes with growth and prosperity?

    Unfairness: 56 (55)
    Over-regulation: 34 (35)
    Both: 5 (5)

    Seems like a really strange partisan political squabble to get into in this election. Campaign rhetoric that is unhinged from any meaningful policy now and in the future only makes people less likely to be 'enthusiastic'. What choice do we have is something I hear a lot from all sides of the political spectrum. Sure the Republican's are bat shit crazy and sadistic to boot but to portray our current D corporate party as fighters for economic equity and the common good might just piss off a lot of likely voters and put a real dent in their fear of the right wingers waiting in the wings.

    •  Growth is growth, a rise in GDP (0+ / 0-)

      What speculators call growth in this instance isn't growth but transfer. When one entity gets money from another entity with nothing of value being made or added in the process, it's not growth, but transfer. These people make bets with each other on the economy with nothing real or valuable being created in the process.

      I'm not against trading or speculation, mind you, as it serves a useful and even essential part in our overall economy. But not to this extent, or in this way. Done right, speculation makes a healthy economy possible. Done wrong, it consumes it. We have the latter these days, and the banks won't stop it until they're made to.

      Dems have to properly frame their arguments against Romney and the GOP as not being against capitalism or free enterprise, but against those who prey upon them, and thus being the saviors of both. This is a framing argument.

      "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

      by kovie on Tue May 22, 2012 at 02:29:14 PM PDT

      [ Parent ]

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