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And it's not the first time for him.
His face should be on every billboard, telephone pole and stop sign in America.
Along with the way he does business, and thinks about his fellow countrymen.
https://en.m.wikipedia.org/wiki/Jeffrey_R._Immelt
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Does that even exist anymore?
Isn't that all we need? A Starbucks on every corner. Manufacturing, who needs it?
An interesting point, we have now lost not only our manufacturing base, we are also
not the leaders in the machines needed to do the manufacturing. Think about that.
That's okay, then.
It's ridiculous that this country is giving up/selling so much manufacturing capacity. We're becoming too dependent on the rest of the world for our durable goods.
Pit Row
The 2008 collapse was caused by Wall Street's interference with our government.
Investment banker's lobbyists greased the right palms to get long-standing regulations de-activated.
And they're still greasing palms to make sure new regulations are meaningless.
But at the end of the day the Federal Govt. not only repealed the Glass Steagall Act in 1999, but pushed these loans thru Fanny, Freddie and every kind of Govt . housing agency.
Without Govt interference, Govt loan gauruntees, and Govt protection for to big too fail. A real free market keeps things in check with natural failure. Banks that know they can fail and don't have Govt. loan guarantees don't write tens of thousands of subprime no down payment loans. Its that simple.
And you are right about the new regulations written by the Banks for Congress to pass. That's Govt interference in a free market.
The Govt should be involved to regulate Business and finance.Absolutely. But we have gone way beyond that. Not to mention that the Justice Dept. and SECs selective inforcement and prosecution.
I always thought it was strange how Bernie Madoff got popped right after 2008, after running a Ponzi scheme for what 20 years. Probably coincidence but it almost seemed like they needed a fall guy.
No they were talking about how to best use tax payer money to subsidize business for GE and align it with Obamas agenda. So they come up with a scheme where the Fed Gov takes 100 billion out of our paychecks. Run it thru Congress to subsidize a state of the art Solar Energy Plant. Shockingly GE gets the contract and make a huge profit. Then they turn around and sell us they energy back at an inflated rate. But its all good because we lowered global temps by .0000000001 degrees and saved the planet. Now I don't know that that's exactly how all this works, but its probably not to far off.
I will likely vote libertarian again just because I figure if we want change. Well we gotta do something different.
You can be sure that anyone who can , or wants to make a difference , wont get a chance, because it isnt in the national interest to actually have a government that is actually there to look after the people.
Ron Paul is one of the few that understands how it is , and needs to be in the future and he got cheated out of even getting a shot.. while that pains me , at least he is alive to tell the tale.
While im well aware that european politics has its shortcomings, i am amazed at the people wheeled out as 'presidential candidates'... the last 4 were nothing short of laughable, and this time ... well i for one think that while Trump has his issues , i would put him in the White House over all the other clowns , just to see all what the fallout would be and to watch all the people who put all their money on the wrong horse go into meltdown.
You want zero regulation, you get this type of shit. That's what government is supposed to be there for, to regulate.
Those calling for more regulation don't seem to have a problem buying an iPhone or any other electronic built in China..
Post a reply to: Another American exec sells us out.