Michael Moore schools Maria Bartiromo on capitalism
By Heather Friday Oct 16, 2009 9:00am
Michael Moore had a few things to say about the Dow rallying past 10,000 today on the set of Morning Joe. First on how well the markets are doing.
Moore: Oh! It’s so incredible. Yes. Fifteen million people out of work.
Scarborough: Isn’t this a perfect example for you? Isn’t this a great example of what you’re trying to say? How there’s a disconnect between what’s going on on Wall Street, 10,000, and Main Street, 10% unemployment?
Moore: Oh, it’s not a disconnect. It’s connected very well. It’s connected just the way our economic system is set up. It’s set up so that the pyramid scheme that we call capitalism—it’s become a pyramid scheme now—the very few at the top get away like bandits making billions and billions of dollars. And everybody else in the lower parts of the pyramid are told to work really hard and maybe some day they can come up and be on top of the pyramid too. Well guess what? There’s only a few people that can sit on top of the pyramid and it’s just so revolting and so immoral when we live in a country—the wealthiest country on earth—fifteen million people unemployed. One in every eight homes right now is in foreclosure or delinquency. And they’re celebrating on Wall Street? And they’re paying each other bonuses?
Surprisingly Moore gets some agreement from Joe and Mike on the disparity of wealth in the United States. Maria Bartiromo however disagrees with Moore’s view of the news on Wall Street. Shocker right? The Wall Street flack tries to come to their defense.
Bartiromo: A couple of things I have to insert here. On the one hand I am a big fan of Michaels but I have to disagree that capitalism is a pyramid scheme. I think that, I actually think that’s absurd but on the bonuses obviously compensation did get way out of hand on Wall Street and for some individuals at the top. I agree with that.
But let’s not forget the millions and millions and millions of people who have benefited, who have pensions, who have mutual funds who are invested in this market and may not even know it who have made a lot of money over the years. So it’s not necessarily just the people at the top making money when the market goes higher. That is also absurd.
(crosstalk)
Moore: No, I’m sorry. I understand what you just said. That was the old days when Leave it to Beaver and Andy of Mayberry, that is the way it used to work. Here’s how it is now.
Bartiromo: Okay.
Moore: The wealthiest—let me finish—the wealthiest one percent right now in this country have more financial worth than the ninety five percent under them combined. One percent more than ninety five percent combined—that’s capitalism now. It’s a system of legalized greed. It’s way out of control and when you talk about people and their pension funds—people watching us right now—nobody even knows if they’re going to have a pension or what’s going to happen to it. Everybody is full of anxiety. People don’t know if they’re going to have a job next year. That’s just not how you run a country. This isn’t how you create the next great thing and put people to work when you’ve got everybody going around so full of fear and just not knowing what’s going to happen and not knowing if they can pay the mortgage next month. There’s a foreclosure filing once every seven and a half seconds right now.
(crosstalk)
Bartiromo: I mean there was a structure in place and there has been a structure in place in terms of regulating the banks—in terms of overseeing the risks that they take on.
Moore: There’s no structure!
Bartiromo: So you can’t just say that you know, oh these guys were just given the go ahead to do whatever they wanted…
Moore: There’s no structure!
Bartiromo: Who was watching the store in terms of the regulatory environment overseeing the services companies?
Scarborough: Isn’t that the problem though?
Scarborough goes on to cite how lack of regulation of Wall Street has led to this mess and Moore agrees with him and reminds everyone this has been a bipartisan failing going back to the days of Ronald Reagan. Moore notes that the seven largest banks that took our TARP money have seventy five percent of all the baking assets in the United States and suggests people move their money out of the big banks and into community banks and credit unions.
I think Maria Bartiromo has been spending way too much time snuggling up to those CEO’s over at CNBC and a little reality check for her by Moore on what life is like for most Americans was a welcome break from the usual hackery on Morning Joe.
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SO IS SCARDUMBO.
FISH IN A BARREL.
... she is pretty and stupid all at the same time. She serves no purpose whatsoever other than eye candy.
She'd do wonders on Faux.
Who self righteously claimed that the real number of people in this country w/o health insurance was only 9 million.
Tons of credibility.
he wasn't on medicare if he liked the idea so much.
Pyramid schemes are where you make money by getting other people to sign up for your plan, and the only way that they make money is by getting other people to sign up for your plan. It is unsustainable because eventually there will be one person who cannot sign anyone else up, since everyone in the world is a member.
Now, capitalism as we're doing it now has a pyramid-shaped (or perhaps Witch of Agnesi-shaped) wealth distribution, but that's not the same thing.
Our Crony Capitalism is a Ponzi scheme.
It's the Tinkerbell Theory: Keep Clapping.
Ponzi schemes aren't pyramid schemes, but that's about the size of it. Ponzi schemes require the constant influx of new members, but they do not require geometric growth in membership. There's no problem with money loaned into existence so long as the rate of new energy coming from the sun outstrips the rate of inflation.
Unless, of course, you operate on a boom and bust cycle, which then creates debt cycles that result in an inability to buy the new money to be loaned into existence.
may not have to resemble a pyramid, however the capital capture increase does indeed tend to look like a pyramid.
Each new generation of money has to cover the previous ones.
This doesn't look like a pyramid to me:
http://i235.photobucket.com/albums/ee234/Yuug...
A pyramid would look positively fair compared to that.
for what it is worth.
The inverse pyramid is the end result of the final distribution, i.e. how things look after the money has been distributed.
If you represent the flow of capital, then you'll see a clear pyramidal shape.
No, this is what it looks like inverted:
http://i158.photobucket.com/albums/t102/super...
That's not a pyramid. That's more like a secant.
hey if out of context nit picking makes you feel better.
Whatever.
It makes me feel pretty bad that this is the way things are, currently.
But I guess we have to face unpleasant reality and work to change it.
I think we were stuck discussing over irrelevant geometric minutia ;-)
The picture is even worse now, as more wealth has been sucked upstairs.
It looks a lot like a nail, with a flat base and a very narrow pin. And that's exactly why most people are getting hammered.
I noticed the date, but I don't have a more recent chart.
(Actually, since the distribution is shaped like a nail, would that be a very bad point? Or is that a good nail point but a bad nail head?)
It is still a scheme and that's not good for anyone but the schemers!
in that shape distribution you described the people at the bottom make no money, and that is what a pyramid scheme is.
Congratulations.
You can do some gymnastics to make capitalism as we implement it fit this description (for instance, stock investment could be described that way, but not everyone owns stocks, while everyone in the US is part of the sham version of capitalism), but Ponzi scheme or Tinkerbell economy are better analogies.
tied to the stock market for the most part. So whether we like it or not, we are living in a pyramidal scheme of sorts.
I am not really interested in theoretical concepts, but rather in the reality of the implementation.
For what it is worth, capitalism has always resembled a pyramid; the have-nots outnumber the rich by a few orders of magnitude. And that has always been the case during the centuries of capital-based economic organization. I can't think of any period in time in which that has not been the case.
Note that I am not claiming that is a characteristic exclusive to capitalism.
You are splitting hairs. Everyone understands that a pyramid scheme is about people at the bottom passing money up the pyramid till all the money settles at the top, leaving those at the bottom with nothing. That's life in America today.
In the nineties companies like Ameritrade conned me into playing the market during the internet bubble. I lost a bundle while the CEOs took the money and ran. I swore I would never get sucked in again, so I put savings into a family of mutual funds, spreading out my risk, right? The the market collapses, my business tanks, and I'm forced to cash in my now much smaller holdings to pay the bills. Once all the little guys like me are out, the market surges back. Once again, the CEOs took my money. You know your in a con game when no matter how you play you lose.
He didn't say it was a pyramid scheme, he said that it was like a pyramid scheme. One of the main lures of a pyramid scheme is, like Michael Moore said, that if you work hard you can be one of the people at the top. The United States is currently one of the least class mobile countries in the world. The odds of a lower or middle class person getting to the top of the financial pyramid is astronomical. Bill Gates is the only one I can think of in my lifetime who has done it. Yet that is the carrot that conservatives hold out in front of those duped by their lies that they can be one of the elite if only they continue to let the rich run our country. That is what Michael Moore was talking about, He was not saying that capitalism is an actual pyramid scheme.
Homeowner who could not pay their mortgages are the bottom of the pyramid, and Lehman Brothers and other bailed out financial systems are the middle of the pyramid. It's a perfect example.
You Described Exactly What Moore Meant. Homeowner who could not pay their mortgages are the bottom of the pyramid, and Lehman Brothers and other bailed out financial systems are the middle of the pyramid. It's a perfect example.
Scarborough sounds reasonable?! Must be LSD in the Perrier.
in the Starbucks...lol.
Right! It's all about the corporate sponsorship. If Goldman Sachs was his sponsor, he would probably be backing Bartischlomo's argument.
Starbucks sponsors Scarborough because he makes conservatism palatable for liberals who love lattes.
Yeah, I don't recognize him, either. He must be high!
...Bending over for.
Her sloppy mouth has been doing all the work.
She slept through all her business classes.
That or she slept WITH all of her professors.
http://img.metro.co.uk/i/pix/2008/07/spanking...
so I assume that is the case indeed.
The Pope of Hope (R-Government Sachs) went to Wall Street to give a speech and to scold those dirty rotten scoundrel Bankers to mend their ways or else.
He wagged his finger at their empty chairs and said 'straighten up and fly right'…
That will teach them…
to sin no more...
The Banksters knew that their great wickedness could cause many problems in the Temple of the Markets. Their sins were vast and their time was growing short, so they hurried with their money changing. They summoned forth the little known then future Pope of Hope to come forward and preach to the multitude.
As had been learned in the first Great Depression, when last their sins had been grown so great as to shake the foundation of the Temple, the multitude could push back, they might even push the Banksters out of the Temple altogether.
So it was written early that the multitude should chant 'yes we can' to the speeches of the young Pope so that the Banksters could regain their place of honor in the front of the Temple.
It came to pass and it was good for them.
the young pope made a whip of some cords so he could pretend to whip the asses of the money changers, but lo, the asses were only donkeys and working people and the banksters thrived on their cheapened labor.
That's how long I think it will take the economy to recover. Barring a miracle.
For that top tier, the economy is just fine right now. For the top 10%-20% it will probably take five years to recover and for a big chunk of the population, it will never be the same.
agreed. Bottom 80% will get the slow motion boil job.
.
The looting by the Plutocrats has only just begun.
The economy will never recover for those in the lower tiers, we have just had the first of many lost decades.
Corporations and their commanding gangsters detested the 1950's and early 1960's because they were forced to pay reasonable wages and benefits to a largely unionized work force.
The elite needed the working people as an ally against Communism.
They dismantled the industrial base.
They dismantled the Unions.
They did away with the laws governing corporations and safeguarding the workforce.
They will not stop until we become the Feudal Plantation of the United Corporations.
we've all been had. Going all the way back to the "Red Scare".
and before, the oligarchs have waged ruthlessly efficient class-war on the citizenry. Check out the origins of Labor Day. There has been a concerted, funded, conscious effort to corrupt the information sources of the public sphere, and it has succeeded beyond the wildest dreams of its inventors.
they underestimated our almost instinctive desire to be suckered.
It goes back to before the first World War. Edward Bernays, nephew of Sigmund Freud was central to the war on democracy.
here
This is also treated in the work of the late (d 1988) Australian sociologist Alex Carey
Part 1 - history through WWII
Part 2 - history after WWII
Mariah Gilardian at TUC radio (user supported) here, produced the clips.
The documentary on Chomsky (Thought Control in a Democratic Society) Manufacturing Consent here
George Orwell's 1984, where the purpose of Newspeak is to make political discourse impossible.
The documentary Orwell Rolls in His Grave here
Download here
Stuart Ewen here
I haven't read or watched all of those yet, but your affinity for Chomsky and Orwell suggests that what you say will be accurate and insightful. I do, however, have one problem with what you say.
Newspeak was based on the assumption that the Sapir-Worf Hypothesis was valid. The Sapir-Worf Hypothesis is now for the most part discredited, due in large part to Chomsky's work.
Chomsky's assessment was much more complex--controlling words won't work: we had the words to describe the US invasion of Vietnam, but we didn't use them. Propaganda must work at a very different level.
You may have something regarding Newspeak in the larger sense, but we see it at work in the media today where oxymorons like Corporate Communism or Nazi Socialist are thrown about as if such phrases could have any residual meaning. They are meant to do even more than confuse discourse.
They seek to make it impossible.
I don't present myself as a social scientist, only a simple observer and collector of understanding by minds greater than my own.
What I omitted about Orwell is the mission of the Ministry of Truth. With a neutral Internet that mission is difficult today, but only with those who seek facts for themselves. There is a compliant Corporate Media which is running interference.
Newspeak's goal was to eliminate the possibility to dissent by eliminating the words by which you could dissent. It's become clear that that doesn't happen: people just use words in different and more creative ways to express the concepts that they want to express.
The co-opting of languages and loading of words is certainly one example of how you can change minds without making any changes to the vocabulary. In fact, it's precisely this process that would prevent Newspeak from working.
In any case, you've got good analysis here.
Then there is Twitter and the reduced text/vocabulary set that accompanies it.
What a precedent.
his FAVORITE nephew, and constant companion/amenuensis when the old man was in the US. Bernays was an ardent student and then an interpreter and preactitioner of his uncle's insights into the motivations evailable for exploitation by a concentrated effort.
Bernays coined the phraase: The manufacture of consent...
He knew precisely what he was doing, in that imperially Liberal way of that Wilsonian/post-Victorian era. He earnestly saw himself to be 'improving' society. He saw himself as in effect colonizing the civil psyche, back when it was still possible to pretend that colonialism was "improvement."
You can trace this all the way back to the Renaissance, when patronage systems really kicked off.
Even if you take it back to the 50s, no one alive today really was part of this plan. The people in charge are just trying to do what they hope the plan was.
the point Alice was trying to make regarding Bernays and his influence in shaping our society. At all.
None of the messages I was responding to (Fri, 10/16/2009 - 10:37 — That Mick Piobr, Fri, 10/16/2009 - 10:22 — Alice X - Choms..., Fri, 10/16/2009 - 10:17 — Evet) said anything about Bernays.
If you want to talk about Bernays, then yes, we can trace a lot of this back to him. If you're interested in how we are conditioned to respond to advertising, I highly recommend this documentary:
https://www.denveropenmedia.org/project/show/...
Music by Negativland, if that turns you on (it does to me)
Also worth quoting: William Levitt, who built houses for veterans. These houses were built to keep Americans from turning to communism like Europe did after WWI. "No man who owns his own house and lot can be a communist. He has too much to do," said Levitt.
Thank you for the link for The Ad and the Ego.
I will watch in its entirety later, I got ten minutes in where Stuart Ewen describes the change in advertising in the twenties from a basis of simply stating facts to a basis of appealing to emotions and the subconscious. That was, without him being cited, Bernays' contribution to the process. Or as I think of it, contamination.
Bernard McGrane then goes on to say that the job of advertisers becomes 'producing consumers'.
I suspect social science will ultimately understand all of this. My great fear is the forces that were unleashed will have destroyed the planet and its ability to sustain life.
What satisfaction will there be for a few million survivors huddled at the north and south polar regions attempting to grow something, anything on the barren rock.
Very little I imagine.
years ago. His capacity to filter and connect historical data to explain current events was amazing.
The fact that there is not anything remotely similar in our TV system is a testament to the intellectual devolution of our society. His segments on BBC carry a significant audience, even among the most "profitable" viewing segments.
made it look like the message of yours I was responding to was in response to the Bernay's posting by Alice.
I blame it on being on a 4 hr sleep regime and not enough coffee, damn journal deadlines. Mea culpa none the less...
That being said, the Freud clan as unleashed plenty of misery on this world with their insanity. Bernays was particularly despicable, and Freud's daughter was a walking talking psychological experiment gone wrong.
Are those bedroom eyes
Or a few too many trips to the Coke Bowl?
http://www.youtube.com/watch?v=EPOIS5taqA8
The truth hurts.
Bartiromo should know better, she looked like a school girl. lol. Of course she's just doing her duty as a corporate tool.
Anyone wonder why Maria acts like this?
She's married to a fellow named Jonathan Steinberg.
Mr. Steinberg is the CEO of WisdomTree Investments.
They are noted for their issuance of EXCHANGE-TRADED FUNDS.
It's kinda like why DIANNE FEINSTEIN (BLUM) kept FUNDING THE DAMN WAR WHILE HER OLD MAN MADE MONEY SELLING THINGS THAT GO BOOM....
Charity begins at home, baby!
... and I disagree that Moore 'schooled' her here. If you agree with Moore's viewpoint, he did well... but for anybody not already aligned with Moore, he didn't really score any points significant enough to bring them around to the right side of this issue.
Incredible, if you're easily entertained. Indredible if you have A.D.D. Incredible if you really believe Madoff is in prison. Hey, it's a scam Sam...Don't believe the Dow....But get ready to EAT THE RICH...THEY ARE 2% FAT! They are stealing YOUR LIFE FROM YOU. And, they want to blame you first....FTR!
on the average person's life, until it all ultimitly tanks, that is. Until then, unless something is done about NAFTA, none of these profits are going to be used to create new jobs in the United States. Not as long as it's O.K. to search for slave labor elsewhere. And as for the old jobs , they're gone, no one is going to be rehired.
Maria is a sheer waste of time. Like Joe and Mika, she sees herself as an expert in all fields. Corn fields included.
someone just gave you props over at huffpo. :)
For what? What did I do? Need a little help here and thanks for what you can give me. :)
10/16/2009
- + New cathleen I'm a Fan of cathleen I'm a fan of this user 4 fans permalink
POP Pissed off Patricia over at Crooks and Liars said it best
"Every time Sarah speaks we all feel smarter"
Reply Favorite Flag as abusive Posted 01:31 PM on 10/16/2009
Thank you so much. Man, whoever that is has a good memory. I posted that comment here a long time ago, but it's still true.
Yeah, it is very true, lol!
resources to exploit. Once those start drying up, there is only the people left to exploit.
MM's vid on Norway that C&L ran a day or two ago was astonishingly eye-opening in comparing the different results of Capitalism vs. Socialism.
The Norwegians seem so calm, re-laxed, and .....non-hateful and non-violent. And then there are the tea-baggers.
You have to exploit people first. Like getting rid of all those pesky Indians that were trespassing on OUR land.
Do you suppose it was the fact they were a social society, or the fact they were not Christians, that caused this holocaust?
Or was it as simple as them standing in the way of easy riches.
Regardless, if you are a white person in America, and feel no "white guilt", well, you are unaware of America's real history.
I'm one of those pesky Indians. Bit of a sore spot for me.
don't really discuss it much with him.
I am deeply ashamed of the way this was presented in the history books when I was in school. I hope it is better now, but I doubt it. Enlightenment seems to come very slowly to us.
The only response I have is this: When I hear the teabaggers screaming that they "want their country back" I want to vomit.
was why we were in Vietnam, and why we're in the Middle East now. Lives are cheap when you have resources to exploit.
yeah well, that's pretty easy to do, it seems...
as for michael, there are times he's too facetious for his own good...
Moore: Oh! It’s so incredible. Yes. Fifteen million people out of work.
too many folks just don't get sarcasm at all...
Great slap in the face to Lard-Ass Limp-Dick Blimpaugh for losing his bid to buy a football team because he's America's biggest racist and people detest his sick, homophobic racist views.
Of course he is in his own little "pissing contest" with the Drugster right now.
Rush wasn't "buying" a football team. He was going to be a minority owner of a team. Despite of what Rush says, he wasn't going to have any say in the operation of the team.
Rush's contribution was so rather insignificant that the person(s?) that was putting the deal together would rather cut Rush loose, find another partner (or have the remaining members of the group put up more money) than deal with the polarization that would follow Rush.
If Rush was going to contribute enough money, the rest of the owners and the NFL would have let him stick around. The NFL is all about money, and Rush wasn't bringing enough to the table to be considered a serious player.
Who cares? Anything that pisses Rush off makes me smile.
But it's also to illustrate exactly how small his role would be in the whole process as well.
Why would you alienate a significant demographic of players and fans in your game in order to provide one millionaire with the opportunity to displace another?
If nothing else, NFL owners understand marketing.
It's true that Maria never gets sick of sucking Reslug dicks.
You've got to see this. Max Keiser is a crazy man. ( I picked this jewel up originally from Democratic Underground )
Part 1
http://www.youtube.com/watch?v=pFMgwL-Tq4s
Part 2
http://www.youtube.com/watch?v=tbAqqLkiUkg&fe...
You ever notice how rare it is to hear a politician or a so-called newsperson, use the words, "working poor", or "working people" or as in this case, "peasants"? It is always "middle-class" as if we are all either rich or middle class. Especially considering how rapidly the percentage of Americans who are actually middle class is declining at the fastest rate it has since the 40's.
See my links on Edward Bernays and propaganda here
no real alternative to capitalism the sensible strategy would seem to be proper regulation.
The problem of course is regulation is the enemy of unfettered capitalism.
"that's just a case of the Gummint getting in your way"
it is. That doesn't mean it can't be done. Most of the countries people cite as being Socialist (ie Norway above) have not abandoned capitalism they just regulate it. In fact the regulations they use in Europe are not dissimilar to US regulations. Someone has to enforce the regulations , of course, and that is where the Republicans as governors really really suck.
... Europe has a very strong left which keeps corporate interests/interference in check.
You need a healthy political ecosystem to keep all factions in check, and the recognition that corporate personhood is a stupid concept.
I think the organizational approach of checks and balances of the founding fathers was a truly genius idea. However, subsequent generations missed the boat in understanding that we also needed to have a political ecosystem that extended those checks and balances to the political arena. Most definitively the whole winner-takes-all system and lack of electoral regulation which has lead to the solidification of the political choice into two very similar parties are problems that need to be addressed.
However, I am afraid that America right now is just a collection of greedy jackasses standing on the shoulders of giants. And we may be dusted off like just a bad case of dandruff by history.
because that nasty old government public option is really fucking with his freedom.
"Keep the government out of my Medicare!"
http://www.youtube.com/watch?v=vg8Ij0PlMDA
when we need him?
LOL
on his "toast" for a breakfast snack.
But doesn't that mean it's all wet?
thinks that $250 checks to seniors amounting to 13 billion is too much but protect the bonuses of CEOs for billions.
http://www.washingtonpost.com/wp-dyn/content/...
it is not a pyramid scheme, she was right on that , but fighting over one word is not the point she is ideologicaly blind thinking that everyday person gets as much benefit as a 1% on top. let me rephrase it she did not say as much but, to even compare it is idiocy!
What say you to a 50% redistributive flat tax rate on the wealthiest 1%?
Cocaine and whores at my place!
The fact that I can't view Capitalism: A Love Story because my local theater has gone bankrupt and the theaters in the surrounding towns are morally bankrupt speaks volumes to Mr. Moore's statements. I'm sad that he was duped from Nader but I'm glad he has the nerve to speak such truths.
Vorple,
Massena, NY
Check her hubby's Forbe's bio: http://www.forbes.com/forbes/2008/0107/048.html No wonder she comes off the way she does. Also, I find nothing attractive about the woman. I'm sure the make-up room folks have their hands full.
that we need to have a minimum wage of about $25 per hour with the top 1% in a tax level of 90% to subsidize the difference for companies who meet some specifc criteria.
That criteria I have not thought of just yet.
Ya think?
Bartiromo: So you can’t just say that you know, oh these guys were just given the go ahead to do whatever they wanted…
----------------
They can and they did. Glass Steagall was dismantled. They were given the go ahead to do whatever they wanted. Bartiromo wasn't born yesterday.
That is total I've seen of her...ever.
Yet, I think I have enough information to declare that she is one of the dumbest people I've ever seen on TV. And that is really saying something.
She comes across as someone who is not very bright and has been brainwashed by Milton Friedman. What an empty-headed fool. I'm sure she gets paid a huge salary, which is just one more example of how corrupt our system is.
econ 101 classes in college and called it a day.
Looking at her bio on wikipedia, that is basically the gist of her academic background. Her professional success seems to be far more related to her bedding capabilities, than her mental agility. She is the perfect spokesperson for the current establishment, according to that background of hers, me thinks.
You can always tell the ones that have always had it easy. They always see everything as a persons choice. There is no way you can explain to these people what really gose on in the real world. The world of comfort and easy money has killed their souls. My first real job paid .50 cents an hour. It was hard hot work. Something she would know absolutely nothing about.
republicanism/conservatism is a mental illness!
Mike's erm.."stock" certainly seems to be rising of late.
Good stuff.It's about time he got a fair audience.
Not saying there was to much emphasis put on health care reform, but it feels better to see this subject being tackled. It's about time, and Michael Moores right, we have to keep in touch with ur Congressmen and Senators. On MSNBC's morning meeting Dylan Ratigan, is a psycho about this. comes right out and calls it corporate communism. And insurance fraud. Way more attention needs to be paid to this, or we'll be in the same boat again before we Know it. With less wiggle room. Notice all the collapses all seemed to get closer together where it's every couple of years now.
Homeowner who could not pay their mortgages are the bottom of the pyramid, and Lehman Brothers and other bailed out financial systems are the middle of the pyramid. It's a perfect example.
http://www.whale.to/b/images/capitalism.gif
she used to be hot and fiesty--now she's just dumb
You know, I like Michael Moore and his movies, but in a recent documenatary on Ralph Nader, Moore came off looking very foolish in supporting Ralph in 2000 and then flip-flopping in '04 by throwing Nader under the bus by demanding he not run to possibly split the left vote again.
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