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1% of GDP will be paid in bonuses to a few thousand people who work for banks

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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-04-09 06:27 PM
Original message
1% of GDP will be paid in bonuses to a few thousand people who work for banks
Peter Morici, economist, Univ of MD on Shultz' show at about the 0:24 mark.

He had NO kind words for either Geithner or Summers and said they are providing a great deal of BAD advice to the President.

1% of GDP

Roll that on your tongue. Chew on it. 1% of GDP in bonuses.

And how many are jobless? 20 million?

1 percent of GDP.

Wow ....
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valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-04-09 06:29 PM
Response to Original message
1. We are but the sweat under their soles. nt
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barbtries Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-04-09 06:31 PM
Response to Original message
2. it's an obscenity
i don't know how they sleep. can they really believe they've "earned" it??
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redqueen Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-04-09 06:37 PM
Response to Reply #2
5. They don't think they have to earn it.
I get the impression they think they're better than us.

Look how they scam us, and we take it and take it. This is why Straussians view plebes as sheep to be sheared. I hate that I can even understand their perspective... seeing what they're getting at doesn't mean I think it's right or tolerable... but it sucks even just having that vile shit in my head.
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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-04-09 06:35 PM
Response to Original message
3. Peter Morici has been on a roll lately...
He's been bashing Obama's figures on jobs saved, jobs created, etc.

Google his name... he is spouting stuff every week or so.

Couldn't find him in OpenSecrets.org though...
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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-04-09 06:37 PM
Response to Reply #3
4. He self describes as being a fiscal conservative
To be honest, I never heard of him before tonight. It was the fact posted in the OP that caught my attention.
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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-04-09 08:37 PM
Response to Reply #4
8. Didn't Bush/Cheney say the same thing?
I'm a fiscal conservative... but I'm a social liberal progressive tree hugging hippie freak of a lefty!

I'm probably just uber paranoid... especially about people who hang with Lou Dobbs and things of this nature.
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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-04-09 08:40 PM
Response to Reply #8
10. I wasn't endorsing him.
I cited a fact that I took to be true. "True" either is or isn't.
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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-04-09 08:44 PM
Response to Reply #10
11. Oh jeez...
I'm not criticizing you... I was just having a discussion... in fact, I was more critical of myself... fuck me.
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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-04-09 08:47 PM
Response to Reply #11
12. I'm sorry .....
..... really. Sometimes words without inflection get misread.

Shultz gets guests we don't see on other shows. He gives the right leaners ample opportunity to talk. I guess that's really okay, but it makes it easy for the stealthers to get by.
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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-04-09 08:49 PM
Response to Reply #12
13. No worries... Yep... hard to know the players...
And the lies can be so candy coated it's hard to separate them.

Granny always said the Devil mixed lies with truths to confuse us. (I only believe in Earth-bound Devils... like the last administration.)
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iceman66 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-04-09 06:38 PM
Response to Reply #3
6. He's a regular on Lou Dobbs.
Not exactly a flaming liberal.

Doesn't mean he's WRONG in this particular instance!!!
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iceman66 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-04-09 06:39 PM
Response to Original message
7. The sooner Obama gets rid of Summers and Geithner,
the sooner we'll see a REAL recovery.

Is Geither even a Democrat? I know Bernanke isn't, and they seem to be cut from the same cloth.
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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-04-09 08:39 PM
Response to Reply #7
9. We need to reinstate Glass-Steagall...
Or it can all go to hell again in a heartbeat.
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