I'm disappointed in Cornell West. The harder he tries to push Keynesian spending, the less sense he makes.

We have a "Lost Decade" coming up, because just like Japan, we bailed out the corrupt banks. Keynesian spending won't help because the bad investments are still on the books.

Your video, Peter Schiff vs. Cornell West on CNN's Anderson Cooper 360, has made it into the Top 15 New Videos listing. Congratulations on your achievement. For your contribution you have been awarded 1 Power Point.

In reply to this comment by marbles:
>> ^enoch:

@<a rel="nofollow" href="http://videosift.com/member/marbles" title="member since May 7th, 2011" class="profilelink">marbles.
dude.
are you even aware of how contradictory your arguments have been of late?


Contradictory like: "[strawmen arguments] is all i have seen you post ... you make some salient points"?

But evidently I'm the one that's oblivious. So please do tell.

>> ^enoch:
and the irony of calling people out for using strawmen arguments when that is all i have seen you post?


Wrong thread pal. But again, please do tell.
>> ^enoch:

i write this with all sincerity and humility because i feel your heart is in the right place,but man..your arguments are conflations smashed with contradictions.
you make some salient points and then confuse your entire premise with smashing them with red herrings and gobldegook rhetoric.
stay on point brother,
and disagreeing with DFT is fine but questioning his intellect or sanity is a step i would recommend against.
he does not suffer fools lightly and your arguments have left you wide open for a smack down.
just my friendly two cents.


I don't know what a "conflation smashed with contradictions" is, but I would suspect your post is a lot closer than anything I've posted here.

Seriously I appreciate the concern and the Bible reference about suffering fools, but I hope that's not a swipe my intellect or sanity. For that would subvert your whole neutral status, now wouldn't it?

Go back to mindless cheerleading and let DFT fight his own battles. Or rather, babble ad hominem static in-between championing Wall Street agendas.


@marbles
did you just bullet response my comment?
/chuckles
awesome.
ok...whatever man.
and by what means did you derive my intentions?
crystal ball? voodoo?
you got me wrong scooter.
you aint got the first clue who i am.
my comment and intentions were sincere.YOU projected your own bullshit which had nothing to do with me.
any inclination i may have had to elucidate further on some of my points has evaporated due to your own feeble understandings of who i am.
so you go right ahead and believe whatever bullshit you want to believe concerning me based on nothing but your own limited perceptions.
because frankly...i dont give a shit.

>> ^enoch:

@marbles.
dude.
are you even aware of how contradictory your arguments have been of late?


Contradictory like: "[strawmen arguments] is all i have seen you post ... you make some salient points"?

But evidently I'm the one that's oblivious. So please do tell.

>> ^enoch:
and the irony of calling people out for using strawmen arguments when that is all i have seen you post?


Wrong thread pal. But again, please do tell.
>> ^enoch:

i write this with all sincerity and humility because i feel your heart is in the right place,but man..your arguments are conflations smashed with contradictions.
you make some salient points and then confuse your entire premise with smashing them with red herrings and gobldegook rhetoric.
stay on point brother,
and disagreeing with DFT is fine but questioning his intellect or sanity is a step i would recommend against.
he does not suffer fools lightly and your arguments have left you wide open for a smack down.
just my friendly two cents.


I don't know what a "conflation smashed with contradictions" is, but I would suspect your post is a lot closer than anything I've posted here.

Seriously I appreciate the concern and the Bible reference about suffering fools, but I hope that's not a swipe my intellect or sanity. For that would subvert your whole neutral status, now wouldn't it?

Go back to mindless cheerleading and let DFT fight his own battles. Or rather, babble ad hominem static in-between championing Wall Street agendas.

Dude, Schiff is the one spewing the most ridiculous things from a historical perspective I've ever heard, not West. Are you saying right now that Schiff is right that child labor was ended by the free market, not gov't regulation?! That's just patently absurd!

He's saying that a guarantee of deposits by the FDIC fueled speculation. Okay, so when and why was it instituted? In *1933*, it was instituted *after* massive stock speculation among other causes triggered the Stock Market Crash of 1929, which triggered the Great Depression. As banks had invested in stocks, etc themselves (outlawed by Glass-Steagall), made bad loans, including to allow people to buy stocks on credit, etc. etc. people made runs on the banks to get their deposits out before the banks went belly up, regardless of if individual banks themselves participated in the speculation because no one knew which banks were actually in trouble. Some Depression era people put their money "under their mattresses" and a few kept that attitude up until their deaths because of those runs on the banks. The FDIC was instituted to get people to put money back into banks to rebuild on hand deposits, so banks would be able to lend again and actually stay in business. We had the FDIC for almost 80 years now, and the banking system has remarkably MORE stable than it was before the FDIC without any doubt, and this clown says it fuels speculation?! You know what you didn't see in the last recession when the market tanked? MASSIVE RUNS ON MOST BANKS! That's precisely why we have it! And it's logically ridiculous on the surface of it. Just think about it. The FDIC guarantees that I get MY money back if I deposit it to a bank that is FDIC insured, and the bank goes belly up. What happens to the bank if it makes bad decisions? It goes belly up. So why would the bank speculate in that situation due specifically to the FDIC?! THEY STILL GO BELLY UP! You can say the bank bailouts had something to do with it because now the Goldman Sachs of the world know that gov't won't let too big to fails fail. I'm sympathetic to that argument, but the FDIC's insurance on deposits?! RIDICULOUS!

Peter Schiff is not correct here. It's some of the most patently ridiculous things I've heard yet about the economy. If you've read my posts, I'm as pragmatic as one could possibly be, and I'm without a doubt a moderate. I don't give a crap whether specific gov't regulations work or not, but I don't attempt to blind myself with ideology, but this clown is going to great lengths to fundamentally rewrite historical record that's basic freaking fact about the US prior, during, and after the Great Depression that even a basic historical understanding would allow anyone to realize he's an idiot, or is at best making a disingenuous argument to trumpet free market economics for the sake of itself.

>> ^bobknight33:

Peter Schiff is correct. Cornell West foolishly wrong. He teaches African studies which teaches jack about how economies work.

Everyone needs to CALM THE FUCK DOWN.

Michael Ware and Cornell West look like they're having a fucking ball.

Not to derail too much, but I watched that episode. Cornell West showed far more restraint than I could have. I probably would have punched Ron Christie in the throat for attempting to maintain that the Iraq War was still a good idea. I love how he invokes the three thousand people who died on 9/11 but conveniently ignores the hundreds of thousands who died in the following wars.

Peter Schiff is correct. Cornell West foolishly wrong. He teaches African studies which teaches jack about how economies work.

>> ^dystopianfuturetoday:

You didn't respond to main thrust of my comment. I'll take that to mean you have no coherent response. Instead you've given me a hodgepodge of political slogans.
(I know I shouldn't lavish you with undeserved attention, but I've got a debate jones to satisfy.)
"Tax the rich" All those record profits are doing the economy no good stagnating in corporate coffers. Take that money and pump it into the economy. Use it to create jobs, to repair our crumbling infrastructure, to provide health care. Tax revenue can create jobs when markets fail. It worked in the last great depression. It will work in this depression too.
"Socialism" Nice of you to put words in my mouth. I don't want extreme socialism anymore than I want extreme capitalism. A balanced system that takes advantage of the best of both systems is the wisest.
"Founding fathers" I find it funny that when conservatives come up short in the argument department, that they put words in the mouths of the founding fathers. If your argument cannot stand on it's own then don't make it. Putting words into the mouths of dead people is no more acceptable than putting them into the mouths of the living.
"Tyranny of the majority/Cover for oligarchs" These two stock arguments you've chosen to regurgitate contradict one another. Clearly oligarchs and the people can't both be in charge. You've got to pick one or the other. These types of contradictions reinforce my belief that you are unable to think things through for yourself.


Keep the personal attacks coming, it shows how pathetic your position really is. Debate jones, is that what this is? More like your satisfying your flaming jones, which makes me really question your psychological health.

Fraud and corruption caused the last depression, this depression, and future depressions if left to you. Instead of trying to fight and prevent the fraud, you try to present the problem as a partisan one. And offer solutions sponsored by Wall Street politicians.

You didn't respond to main thrust of my comment. I'll take that to mean you have no coherent response. Instead you've given me a hodgepodge of political slogans.

(I know I shouldn't lavish you with undeserved attention, but I've got a debate jones to satisfy.)

"Tax the rich" All those record profits are doing the economy no good stagnating in corporate coffers. Take that money and pump it into the economy. Use it to create jobs, to repair our crumbling infrastructure, to provide health care. Tax revenue can create jobs when markets fail. It worked in the last great depression. It will work in this depression too.

"Socialism" Nice of you to put words in my mouth. I don't want extreme socialism anymore than I want extreme capitalism. A balanced system that takes advantage of the best of both systems is the wisest.

"Founding fathers" I find it funny that when conservatives come up short in the argument department, that they put words in the mouths of the founding fathers. If your argument cannot stand on it's own then don't make it. Putting words into the mouths of dead people is no more acceptable than putting them into the mouths of the living.

"Tyranny of the majority/Cover for oligarchs" These two stock arguments you've chosen to regurgitate contradict one another. Clearly oligarchs and the people can't both be in charge. You've got to pick one or the other. These types of contradictions reinforce my belief that you are unable to think things through for yourself.

>> ^marbles:

>> ^dystopianfuturetoday:
I think my comment was pretty clear. I know further clarification is probably a waste of breath, but so be it. The 'job creator-trickle down' spiel goes like this: If you lower taxes for wealthy people, they make lots of money which they then pump back into the economy in the form of jobs (among other benefits to society).
Well, we've now lived under this assumption for 3 decades now, and while it is clear that cutting taxes does give the wealthy more money, it has failed to produce the promised jobs. On the contrary, it seems to actually have the effect of killing good jobs, either by automating them or sending them overseas to third world slaves. This is probably because the extra money is used to lobby the government, rather that create new jobs.
Another big problem with the 'job creator' argument is that from a business standpoint, you generally only hire as many employees as you need to maximize profits, regardless of how much money you have stagnating in their bank accounts. Hiring more or less help than you need makes little sense.
This is how 'we got here'. We've let business take control of our democracy. With this power, big business has taken us to war, filled it's coffers with public money, given itself all manner of no-bid contracts, subsidies, bail outs and trade deals, has eroded our civil rights, corrupted our courts, monopolized our media, among other horrors. They've deregulated and privatized the financial sector as to allow themselves the freedom to pollute, exploit and swindle.
Capiche?

>> ^marbles:
>> ^dystopianfuturetoday:
The problem with the 'job creators' stratagem is that, with record high wealth/corporate earnings, record low taxes and record high unemployment, it has no obvious basis in reality. It is also delightful to see these protesters dodge his obvious trap, forcing him to awkwardly offer up the payoff without an organic set up. His karma ran over his dogma.

You seem to be oblivious to how we got here. Your argument/position has no obvious basis in reality. Raising taxes doesn't fix anything. It doesn't break up the big banks, stop corporatism, or end the magic money tree called the federal reserve.
It's a delight to frame these serious problems into false partisan arguments?
Nice joke though. But the 90s called and want to know wtf you're talking about.


So let's raise taxes on the rich! That'll teach 'em! And our problems will be fixed.
The most most glaring error in your analysis is that "democracy" got us here.
Socialism is not a remedy. Socialism always has and always will always be a mechanism to consolidate the wealth of the people before looting it.
Our founders didn't set up a "democracy". They recognized the fundamental flaw to "group think". The minority is always at the tyranny of the majority. Protecting the rights of the minority is the only way to preserve the rule of law, and the smallest minority is the individual.
And just like socialism is used to deceive the people, so is democracy. It's political cover for oligarchs. It's not about taking "control of our democracy", for that's the entire point. Democracy is either a false perception or tyranny of the majority. The people lose either way.

>> ^dystopianfuturetoday:

I think my comment was pretty clear. I know further clarification is probably a waste of breath, but so be it. The 'job creator-trickle down' spiel goes like this: If you lower taxes for wealthy people, they make lots of money which they then pump back into the economy in the form of jobs (among other benefits to society).
Well, we've now lived under this assumption for 3 decades now, and while it is clear that cutting taxes does give the wealthy more money, it has failed to produce the promised jobs. On the contrary, it seems to actually have the effect of killing good jobs, either by automating them or sending them overseas to third world slaves. This is probably because the extra money is used to lobby the government, rather that create new jobs.
Another big problem with the 'job creator' argument is that from a business standpoint, you generally only hire as many employees as you need to maximize profits, regardless of how much money you have stagnating in their bank accounts. Hiring more or less help than you need makes little sense.
This is how 'we got here'. We've let business take control of our democracy. With this power, big business has taken us to war, filled it's coffers with public money, given itself all manner of no-bid contracts, subsidies, bail outs and trade deals, has eroded our civil rights, corrupted our courts, monopolized our media, among other horrors. They've deregulated and privatized the financial sector as to allow themselves the freedom to pollute, exploit and swindle.
Capiche?

>> ^marbles:
>> ^dystopianfuturetoday:
The problem with the 'job creators' stratagem is that, with record high wealth/corporate earnings, record low taxes and record high unemployment, it has no obvious basis in reality. It is also delightful to see these protesters dodge his obvious trap, forcing him to awkwardly offer up the payoff without an organic set up. His karma ran over his dogma.

You seem to be oblivious to how we got here. Your argument/position has no obvious basis in reality. Raising taxes doesn't fix anything. It doesn't break up the big banks, stop corporatism, or end the magic money tree called the federal reserve.
It's a delight to frame these serious problems into false partisan arguments?
Nice joke though. But the 90s called and want to know wtf you're talking about.



So let's raise taxes on the rich! That'll teach 'em! And our problems will be fixed.

The most most glaring error in your analysis is that "democracy" got us here.

Socialism is not a remedy. Socialism always has and always will always be a mechanism to consolidate the wealth of the people before looting it.

Our founders didn't set up a "democracy". They recognized the fundamental flaw to "group think". The minority is always at the tyranny of the majority. Protecting the rights of the minority is the only way to preserve the rule of law, and the smallest minority is the individual.

And just like socialism is used to deceive the people, so is democracy. It's political cover for oligarchs. It's not about taking "control of our democracy", for that's the entire point. Democracy is either a false perception or tyranny of the majority. The people lose either way.

I think my comment was pretty clear. I know further clarification is probably a waste of breath, but so be it. The 'job creator-trickle down' spiel goes like this: If you lower taxes for wealthy people, they make lots of money which they then pump back into the economy in the form of jobs (among other benefits to society).

Well, we've now lived under this doctrine for 3 decades now, and while it is clear that cutting taxes does (obviously) give the wealthy more money, it has failed to produce the promised jobs. On the contrary, it seems to actually have the effect of killing good jobs, either by automating them or sending them overseas to third world slaves. This is probably because the extra money is used to lobby the government, rather that create new jobs.

Another big problem with the 'job creator' argument is that from a business standpoint, you generally only hire as many employees as you need to maximize profits, regardless of how much money you have stagnating in the bank. Hiring more or less help than you need makes little sense.

This is how 'we got here'. We've let business take control of our democracy. With this power, big business has taken us to war, filled it's coffers with public money, given itself all manner of no-bid contracts, subsidies, bail outs and trade deals, has eroded our civil rights, corrupted our courts, monopolized our media, among other horrors. They've deregulated and privatized the financial sector as to allow themselves the freedom to pollute, exploit and swindle.

Capiche?



>> ^marbles:

>> ^dystopianfuturetoday:
The problem with the 'job creators' stratagem is that, with record high wealth/corporate earnings, record low taxes and record high unemployment, it has no obvious basis in reality. It is also delightful to see these protesters dodge his obvious trap, forcing him to awkwardly offer up the payoff without an organic set up. His karma ran over his dogma.

You seem to be oblivious to how we got here. Your argument/position has no obvious basis in reality. Raising taxes doesn't fix anything. It doesn't break up the big banks, stop corporatism, or end the magic money tree called the federal reserve.
It's a delight to frame these serious problems into false partisan arguments?
Nice joke though. But the 90s called and want to know wtf you're talking about.

>> ^dystopianfuturetoday:

The problem with the 'job creators' stratagem is that, with record high wealth/corporate earnings, record low taxes and record high unemployment, it has no obvious basis in reality. It is also delightful to see these protesters dodge his obvious trap, forcing him to awkwardly offer up the payoff without an organic set up. His karma ran over his dogma.


You seem to be oblivious to how we got here. Your argument/position has no obvious basis in reality. Raising taxes doesn't fix anything. It doesn't break up the big banks, stop corporatism, or end the magic money tree called the federal reserve.

It's a delight to frame these serious problems into false partisan arguments?

Nice joke though. But the 90s called and want to know wtf you're talking about.

Tags for this video have been changed from 'Peter Schiff Cornell West on CNN Anderson Cooper 360' to 'Peter Schiff, Cornell West, CNN, Anderson Cooper, 360' - edited by kulpims

I thought it was pretty well known that the Kennedy era changed the polarity of the Democrat/Republican opinion in regards to social issues.

That should mean that appeals to pre-1960's inconsistencies are pretty much baseless. Maybe this is too complex a notion.

>> ^bobknight33:

So the poor are poo because of wall street? What BS.
Herman Cain is a bad apple because he not a Democrat. IF he was a Democrat and speak the raciest democrat trash that Democrats use to keep blacks down then he would be a good guy. Blacks have been Republicans all the way up till the president Kennedy. Dr. Martin Luther King was Republican. The Democrats have done more harm to the black man than any other group through social enslavement. Not to mention that Democrats started the KKK. If I were black why the heck would I be a Democrat? Herman Cain is a black man who sees through such bunk.