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View Diary: Debt ceiling: DeMint threatens to blow up government; Ryan, Graham look for hostages (197 comments)

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  •  Youre making the very foolish mistake (2+ / 0-)
    Recommended by:
    expatjourno, Brooke In Seattle

    of thinking wall street = the economy. Wall street is a casino. The reason corporations value themselves according to stock price is thats where their owners (who are the plutocrats.. not mutual funds as we're spun) make their profit, buying and selling stocks medium-term.

    Frankly 20 years ago before the positively stupid (for American companies not japanese) just-in-time this wouldnt affect main street. They would still have the goods and services and be able to wait out wall street tantrums. That was before the rise of the wall street raider vultures though..

    Voters will choose a person who fights a losing battle for his principles over one who fights winning battles against them every time.

    by cdreid on Mon Jan 03, 2011 at 01:12:34 PM PST

    [ Parent ]

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