Wall Street Titan: Bernie Sanders Will Help the Real Economy

[coco77]

[snot]

1. Excellent summary.

[LongTomH]

2. Wow!! Just WOW!!!!! He hit the nail right on the head - multiple times!

[KoKo]

3. K&R!

[N.Y. to Paris]

4. Thanks KOKO!

Interesting times...... "she's a disaster" .....!

[roguevalley]

31. someone better tell him the rules. we're not supposed to talk about you know who like this

some get their feelings hurt

[elleng]

5. Good analysis

of awful facts.

I guess I'm relieved that SOMEONE, and referred to as a titan, aside from Senator Sanders, knows and says this. Would be much better if more (around here and elsewhere) recognized it.

[liberal from boston]

6. Senator Sanders

Amazing!! This video needs to go viral. This Should be posted in GD: Primaries.

[elleng]

10. Yes, it should go viral.

[Babel_17]

7. Nice to hear a "Wall Street Titan" explain the benefit of a more direct form of economic stimulation

I think we're forming more of a consensus on that.

[raging moderate]

8. Great post.

Thank you.

[elleng]

9. Yes it is nice to hear.

I am not at all confident that 'we're' forming a consensus on that. I wish I were so confident.

[Babel_17]

14. Democrats moving back to building up the Social Security program is helpful to that

And so is the spreading sentiment that better wages are absolutely needed for our service industry workers, and others.

These are good signs, whereas previously we were being hit hard by bad signs. But within the last few years, things took a turn, imo.

Granted, that's just people getting behind the rhetoric, at the national level, so I share your concern. Kudos though to those at the state and local levels who are making it happen.

What we now need is a national commitment to make good jobs available, and provide the training and education to fill them. Hopefully our party will commit more to establishing the trade schools, and training, needed to improve our nation's infrastructure at every level. From home improvements, to FDR era level projects, and Eisenhower era improvements of bridges and roads.

[elleng]

19. Yes, these are good signs,

but I sense these signs are not strongly held by DemPTB. I hope I'm mistaken. Kudos indeed to those at local and state levels who are making it happen.

And as to training and education, I'm not at all encouraged, tho you are absolutely correct that we need a national commitment. One sad example: http://www.democraticunderground.com/112411476

[Babel_17]

24. Sad that we seem unable to get the money to flow where it's needed

I'm not asking for a near dictator making things happen by fiat. We need a fundamental change to the system, and for the people to get more involved.

I think we're heading in the right direction, or at least paddling more vigorously against going over the edge.

[passiveporcupine]

25. Unfortunately, I agree with you

And don't hold out a lot of hope.

[TonyPDX]

30. As long as there's no penalty for parking money offshore, that's what they'll continue to do.

When it costs less for them to plow that money back into their businesses at home, that's what they'll do. They're not very complicated in that respect.

[BlancheSplanchnik]

32. Sure hope the repukes loose their congressional seats.

Then, penalties would be more likely.

[Enthusiast]

46. Me too.

Stop abusing the American people!

[passiveporcupine]

23. the whole assumption of how we should be employed

Last edited Sun Jun 5, 2016, 04:39 PM - Edit history (1)

Hours required to make a living wage, length of years we have to work before we can retire, type of work, everything about our consumer economy, needs to change.

Robots are going to be taking away a lot of jobs...and much sooner than most people will be ready for.

We need to start looking at changing how our country deals with this now, not after it's too late. But just like ecological advancement, we will be dragging our feet because of the conglomerates who don't want to give up their profits. Like Walmart.

We have to start becoming aware of our "consumerism" and planned obsolescence of products, resulting in insurmountable waste, and stop buying into it all.

I'm about to start a thread on an excellent documentary on planned obsolescence and it's effect on our ecology (world ecology, not just the US). I hope a lot of people will take the time to watch it.

So yes, while right now we need to create a lot more jobs, we also need to start looking at the whole picture for further down the road.

[Babel_17]

28. I own an amazingly functional older tablet ...

that like many others doesn't have a replaceable battery. It can still do everything (It's a HTC Flyer) but it doesn't hold a charge like it used to. True, it exists only as a backup for me, but the principle is important. Kudos to Toshiba for offering one with a replaceable battery at the time, but I thought it was too big to fit my needs.

P.S. Another little thing. Two name brands of electric toothbrushes; the Colgate version allows you to swap out the battery, the other doesn't, it's soldered in. Colgate even has one with replaceable brush heads, but the reviews suggest it needs a revision.

Both my rechargeables died, and I was looking for a temporary fix.

[passiveporcupine]

34. I'm still using my old actual Braun toothbrush

And while it doesn't have a replaceable battery, it's lasted me many years (at least 30 years). I can see the plastic that holds the brush in is finally breaking down, and that will fail before the battery does.

I love Braun products and wish you could still buy them here in America, but we can't. I recently had to replace a fantastic hand-held Braun multi mixer/blender/chopper unit because I did something stupid and stripped the gears. I can't buy it any more because they no longer make a version that runs on our 120V power. I was just sick that I had to replace it with what is available today. I did buy a new stick blender/chopper, but had to buy a seperate mixer. I don't really like either unit as well as the Braun, and I know they are not designed to last as long. I had the Braun unit for at least 35-40 years.

I also have a beautiful old Braun desk fan I've taken apart to clean and oil several times, and it still works, after 45 years.

I have an old Kenmore washer/dryer set that need to be replace, but the new ones are so expensive, and my sis bought a new kenmore washer and has had nothing but trouble with it. She is buying another brand now to replace it...but it probably won't last any longer.

I'm really disgusted with planned obsolescence, no matter why it happened...it's just wrong. You can not have a world that lives on infinite sales (and resulting trash), on a planet with finite resources.

[Enthusiast]

49. We have a Braun coffee grinder that we love.

Now that we do the French Press thing we no longer use the electric grinder. We use a coarser grinding hand grinder. But if we ever go back to the coffee maker we will be glad we have the Braun available.

[passiveporcupine]

52. I got tired of havingto grind my coffee for awhile

and bought ground from the whole bean coffee displays (use the store grinder). I gave my Braun grinder to my sister, who I'm sure is still using it. Then I got tired of pre-ground coffee and had to buy a new grinder (Black and Decker). Had it for a few years and the tip of a blade broke off and I had to toss it and buy another one. I just recently bought a Cuisinart burr mill grinder, so I wouldn't have to time my grinding every morning (I grind it to almost Turkish, for my espresso machine), and two weeks after I bought the new, expensive, burr mill grinder, my "new" crock pot (only had it a few months) blew pork stock all over my kitchen, including all over the new electric grinder...fatty liquid got down in the controls and now it doesn't work. I'm still trying to work with crock pot to replace it and already know I will never buy another crock pot unless I can find an old vintage one again, because they have cranked up the heat on them (federal regulations, I think, because of people not using them safely), and now even warm is too hot and foods can super-heat and blow like mine did.

So I just lost two appliances, one of which I will be replacing...the other I won't. The cheap crock pot came from Walmart (only place to buy small appliances in town) and the burr mill grinder came from Amazon. I'm not counting on the grinder lasting too long either though. I need to finish this. Crockpot send me a return label to send both products to them. They want to test the crockpot to see if it is hotter than it's supposed to be. I already know it's within specs, but the specs are no good any more (did a lot of research on that). So I don't know if I'll get my $50 back for the grinder and my $14 back for the crock pot. I still have not found a box big enough to put them both in.

I have a feeling the Braun grinder will outlast my sister.

[Enthusiast]

55. I hope you get satisfaction for your ginder and crock pot, passiveporcupine.

The last crock pot we bought had a warped lid. It left gaps so it didn't heat up well. We adapted by using a piece of parchment paper between the crock pot and the lid. I understand measures like that shouldn't be necessary but we live out in the sticks.

[BlancheSplanchnik]

35. I would definitely want to see that.

Your post AND the documentary.

[passiveporcupine]

36. I just posted it to multi media

http://www.democraticunderground.com/1017381506

[BlancheSplanchnik]

37. Mulit media?

Thanks!!!!

[passiveporcupine]

44. I fixed it...multi media

[BlancheSplanchnik]

53. I thought, "huh?"....

[appalachiablue]

67. That's wild, mullet head!

[BlancheSplanchnik]

74. :)

.

[Babel_17]

43. Thanks

Heading over there now.

[Babel_17]

42. The implications of moving to a post scarcity economy

https://en.wikipedia.org/wiki/Post-scarcity_economy

We're headed in that direction but I wonder about one stumbling block to getting to it that gets scarce mention. The wealthiest are going to be flat out opposed to losing their hired help. Maybe robots will eventually fill that void, maybe not.

One of my favorite authors, Iain M. Banks is mentioned on that link. He wrote about such a society that had it. But he also wrote a novel called Surface Detail, and in that he has a character, mildest of spoiler alerts, who reflected how the wealthy want literal control over others even when there is no need.

The final barrier to eliminating poverty could be in dealing with the emptiness we carry inside.

[passiveporcupine]

45. That very well could be a big part of the problem.

[Enthusiast]

48. Massive gigantic plus one!

[SunSeeker]

11. So now Sanders supporters like Wall Street titans?

[MrMickeysMom]

13. Did you even watch this?

Please, by all means... DO!

[Babel_17]

16. We only want to “shoot every third person on Wall Street,” burn only 99% of the rest at the stake

http://www.cnn.com/2016/04/15/politics/bill-clinton-bernie-sanders-shoot-wall-street/

Elizabeth Warren will preside over the executions, and Sanders supporters will cheer.

Or so I read on the internet.

[SunSeeker]

20. This man is not a "Wall Street expert"; he specializes in the secondary art market, as noted.

He is not an economist; he trades expensive art for rich people. But he is a long time Hillary hater, as is whoever produced this piece of trash attack piece. Sorry, but when I got to about 5:51 and the video text overlay flashed that Hillary supports al Quada, I could not keep watching. I wish I could get that six minutes of my life back.

[immoderate]

27. Sounds like an "attack on the messenger," to me.

You are not refuting anything he said.

--imm

[libdem4life]

33. That's all they've got.

[SunSeeker]

59. He said idiotic things like that Bill Clinton caused the 2007 crash.

Pathetic to see what amounts to a Bush apologist lauded on DU.

[King_Klonopin]

63. Didn't Clinton sign the repeal of Glass-Steagall, allowing banks to become "too big" ?

It may have been an unintended consequence, but his hands aren't pristine in this matter.

[d_legendary1]

69. And let's not forget that big government is over quip

he made before leaving office, proving his third way allegiance to his donors.

[SunSeeker]

72. Didn't Bernie vote Yes on the deregulation of derivatives, which is more directly linked?

Last edited Mon Jun 6, 2016, 01:22 PM - Edit history (1)

It was the collapse of Lehman Brothers and AIG that really pulled the bottom out.

You are displaying the same cluelessness about what the real problem is that Bernie is displaying. As Hillary keeps stating, a big issue is the shadow banking that goes on and went on. That is what she wants to address as well as banks that have become a threat to the economy.

[King_Klonopin]

75. Regardless of the issue you raise, are Bill Clinton's hands "clean" in this matter or not ?

How did "shadow banking" come to be, and how has it been able to go on unchecked ?

[SunSeeker]

76. Are Bernie's hands clean? And why are you so intent on blaming Bill Clinton for Bush's disasters?

[King_Klonopin]

77. Do you ever answer a question without deflecting ?

[NJCher]

39. CNBC ran it, and I resent your comment

about the person(s) who approve production over there. That person is one of integrity who comes back to his alma mater to do what he can for students who are now working in the broadcast studio he himself put together--as a student.

As far as the producers go, it is amazingworld.org. Looks like a good site to me--one that puts out stories on social issues.

You say: This man is not a "Wall Street expert"; he specializes in the secondary art market, as noted.

Furthermore, Edelman does have a background in Wall Street finance, even though he has a firm that deals in art. Here is what Wikipedia has to say about him:

The son of a New York real estate investor, Edelman graduated from Bard College. In 1961, he worked for Sanford I. Weill at Carter Berlind Potoma & Weill where he focused on purchasing and turning around distressed companies.[1] He founded Mack, Bushnell and Edelman in 1969, and served as CEO.[2] Edelman’s Wall Street businesses included investment banking, money management, and derivatives trading. In 1988, he taught a course called "Corporate Raiding - The Art of War" at Columbia Business School, using as his textbook Sun Tzu's The Art of War.[3] The character of Gordon Gekko in Wall Street was based in part on Edelman.[4]


Your post seems like it was designed to discredit the OP with partial facts.


Cher

[MrMickeysMom]

47. I agree... You see partial facts in the attempt to discredit all the time...

... And when you question why it's alright to control the media never to challenge a liar, the players whose work depends upon being controlled are the best evidence of a well functioning oligarchy controlling this mess.

[SunSeeker]

58. This was not a CNBC video, it was made with clips from a CNBC video.

If you're offended, that makes two of us.

[MrMickeysMom]

12. We should play KICK ALL DAY with this excellent OP!

K&R (I regret I can only give one "R", but many kicks!)

[DiehardLiberal]

15. Thank you for this powerful message!

Spread far and wide..

[Duval]

17. Great post, coco77. nt

[NorthCarolina]

18. I agree with him...

Especially:

(1) "Hillary is bought", and
(2) "Bernie would win if he ran as an Independent"

[SammyWinstonJack]

40. Wish he would run as an Independent. I'm voting for him in any case.

NOT voting for her and I NEVER! vote repug.

[NorthCarolina]

41. I hear you,

and I'm with you.

[Enthusiast]

50. Me too.

On both counts.

[Hotler]

21. K & R n/t

[seabeckind]

22. This is what Occupy was saying.

This is what Main Street is saying.

This is what Bernie has been saying.

He paid attention without looking for a way to profit from it.... like with speeches to the very people who were profiting.

[immoderate]

26. Very perceptive: "Donald Trump is tasteless."

So true. And it impacts on other facets of his personality, like judgement.

--imm

[pangaia]

38. Clearly, Bernie is in this for the sake of all human beings.

[Enthusiast]

51. K&R! This post deserves hundreds of recommendations.

[Stevepol]

54. K&R!!!!!

[valerief]

56. K&R

[Uncle Joe]

57. Kicked and recommended.

Thanks for the thread, coco77.

[Norman Conch Quest]

60. So, Bernie Supporters are Now Taking Comfort from a "Wall Street Titan"

You've come a long way, baby!

[liberal from boston]

73. Go Bernie

Also 170 economists endorse Senator Sanders Wall Street Reform:

http://www.politicususa.com/2016/01/14/170-economists-bernie-sanders-plan-reform-wall-st-rein-greed.html

[SamKnause]

61. K&R

[Paka]

62. K&R

Great post!

[hopemountain]

64. K & R.... a ver que pasa ... nt

[coco77]

65. Bernie!Bernie!Bernie!

[disillusioned73]

66. K&R..

[CrispyQ]

68. Never heard of this guy. Very interesting.

Thanks for posting.

[Gamecock Lefty]

70. Imagine that!

Bernie quoting Wall Street when it suits his talking point.

[lumberjack_jeff]

71. Very good! n/t