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Goldman Sachs driving YRC into bankruptcy
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<blockquote data-quote="wkmac" data-source="post: 655773" data-attributes="member: 2189"><p>Hey Unionman,</p><p> </p><p>Check out Bill Moyers Journal this weekend (see link below) or today for that matter on your local PBS station. Bill in the first half of his program interviews Matt Taibbi and Robert Kuttner on the influence of Wall Street and the likes of Goldman Sachs on the Obama adminstration as well as the democrat party. Taibbi sounds a bit more bleak but Kuttner still remains hopeful and both men supported Obama and traditionally democrat politics as a whole. </p><p> </p><p>The interview does make for a good "I told you so" for folks like me but there is an even greater concern beyond that. The Wall Street machine that dominates by force and power what I call Statist Capitialism is a equally big threat to the whole idea of true free market economics (what is called <a href="http://mises.org/story/3735" target="_blank"><span style="color: red">free market capitialism</span></a>) as it is to downhome populist sensabilities. I might disagree with using central gov't and power to address these problems (mainly because it was this very mechanism that created the problem to begin with) but the fact does remain that this reality will and does effect us all and longterm not in a good way IMO.</p><p> </p><p><a href="http://www.pbs.org/moyers/journal/12182009/watch.html" target="_blank"><span style="color: red">http://www.pbs.org/moyers/journal/12182009/watch.html</span></a></p><p> </p><p>I did find it interesting that Kuttner points to FDR as standing up to corp. interests when the fact is, FDR let the corp. interests write his New Deal plans like the National Industrial Recovery Act (see <a href="http://en.wikipedia.org/wiki/The_New_Deal_and_corporatism" target="_blank"><span style="color: red">NIRA </span></a>and Who is <a href="http://en.wikipedia.org/wiki/Gerard_Swope" target="_blank">Gerard Swope</a>?) and of course it was their own business interests who won out and lay the seedbed for what ails us today.</p></blockquote><p></p>
[QUOTE="wkmac, post: 655773, member: 2189"] Hey Unionman, Check out Bill Moyers Journal this weekend (see link below) or today for that matter on your local PBS station. Bill in the first half of his program interviews Matt Taibbi and Robert Kuttner on the influence of Wall Street and the likes of Goldman Sachs on the Obama adminstration as well as the democrat party. Taibbi sounds a bit more bleak but Kuttner still remains hopeful and both men supported Obama and traditionally democrat politics as a whole. The interview does make for a good "I told you so" for folks like me but there is an even greater concern beyond that. The Wall Street machine that dominates by force and power what I call Statist Capitialism is a equally big threat to the whole idea of true free market economics (what is called [URL="http://mises.org/story/3735"][COLOR=red]free market capitialism[/COLOR][/URL]) as it is to downhome populist sensabilities. I might disagree with using central gov't and power to address these problems (mainly because it was this very mechanism that created the problem to begin with) but the fact does remain that this reality will and does effect us all and longterm not in a good way IMO. [URL="http://www.pbs.org/moyers/journal/12182009/watch.html"][COLOR=red]http://www.pbs.org/moyers/journal/12182009/watch.html[/COLOR][/URL] I did find it interesting that Kuttner points to FDR as standing up to corp. interests when the fact is, FDR let the corp. interests write his New Deal plans like the National Industrial Recovery Act (see [url="http://en.wikipedia.org/wiki/The_New_Deal_and_corporatism"][COLOR=red]NIRA [/COLOR][/url]and Who is [url="http://en.wikipedia.org/wiki/Gerard_Swope"]Gerard Swope[/url]?) and of course it was their own business interests who won out and lay the seedbed for what ails us today. [/QUOTE]
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