ralph nader on expectations, the american dream, corporate welfare

rickyb

Well-Known Member
FBBKbLkUYAsT8hG
i figured out why opneeds had it so rough
 

rickyb

Well-Known Member
A few years ago after obama got reelected they figure the banks would just break even if it werent for 80 billion in tax payer subsidies a yr
 

rickyb

Well-Known Member
Under the trump admin they printed 1.5 trillion in 1 week and it went to inflate stock market prices for the rich. the govt regularily just creates money, it doesnt need to tax
 

rickyb

Well-Known Member
@Wally
"Wall Street banks recorded record profits for 2021. As the Financial Times noted, they milked the underwriting fees from Fed-based borrowing and profited from mergers and acquisitions. They have pumped their profits, fueled by roughly $5 trillion in Fed spending since the beginning of the pandemic, as Matt Taibbi points out, into massive pay bonuses and stock buybacks. "The bulk of this new wealth—most—is being converted into compensation for a handful of executives," Taibbi writes. "Buybacks have also been rampant in defense, pharmaceuticals, and oil & gas, all of which also just finished their second straight year of record, skyrocketing profits. We're now up to about 745 billionaires in the U.S., who've collectively seen their net worth grow about $2.1 trillion to $5 trillion since March 2020, with almost all that wealth increase tied to the Fed's ballooning balance sheet."

 

rickyb

Well-Known Member
Stock market got 10 to 12 trillion since great recession 2008.

Couldve paid off all the mortgages in america and turned it into a low cost competitive economy w that amount of money, but no
 

vantexan

Well-Known Member
when are the poor ever a national security issue?

o yea when they radicalize!
Most of our computer chips are made in Taiwan. We've had serious problems due to lack of chips with the supply chain problem. And there's the very real possibility China may invade Taiwan. In order to have computer chips made in the U.S. the industry will need some assistance.
 

rickyb

Well-Known Member
Most of our computer chips are made in Taiwan. We've had serious problems due to lack of chips with the supply chain problem. And there's the very real possibility China may invade Taiwan. In order to have computer chips made in the U.S. the industry will need some assistance.
interesting.

if ralph nader says its bad, its bad!
 
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