The thumbnail image for this video has been updated - thumbnail added by Barseps.

*promote

Promoting this video and sending it back into the queue for one more try; last queued Wednesday, October 19th, 2011 4:10am PDT - promote requested by ctrlaltbleach.

Clapping, Cheering Morons.

>> ^JiggaJonson:

And why was the audience cheering exactly???


Because they love the bullshit spoonfed to them warm and tender.

Wall Street didn't constantly lobby to remove any restrictions on their highly risky and/or fraudulent activities that led to almost collapsing the American economy, and sent damaging shockwaves throughout the world economy.

Oh wait, they did.

That wasn't even an answer "Yes it is their fault that they don't have a job because wall street didn't cause the problems".

That's exactly what he's saying...what a dope.

are there any statistics on being born into money vs. working your way rich?

I have the perception that most rich are born into money and the opportunities to make more.

and i have the suspicion that the republicans like Cain because they can run his campaign on the "he pulled himself up by his bootstraps" narrative. At once dismissing those who are destitute and simultaneously coloring the fact that most rich republicans are silver-spoon babies.

>> ^criticalthud:

are there any statistics on being born into money vs. working your way rich?
I have the perception that most rich are born into money and the opportunities to make more.
and i have the suspicion that the republicans like Cain because they can run his campaign on the "he pulled himself up by his bootstraps" narrative. At once dismissing those who are destitute and simultaneously coloring the fact that most rich republicans are silver-spoon babies.


Three percent change from poor to rich.

>> ^Phreezdryd:

Wall Street didn't constantly lobby to remove any restrictions on their highly risky and/or fraudulent activities that led to almost collapsing the American economy, and sent damaging shockwaves throughout the world economy.
Oh wait, they did.


Although you are right, Cain is partially right too. We allowed our bubble to blow up because the middle class and poor were benefiting from the false wealth as well. So too were the rich--who lobbied for the disaster. But it was all of America.

In other words, we demanded stupidly from Washington and they accepted. Even now they want to lower tariffs (I.e., outsource more jobs) and lower taxes (I.e., do the will of the Tea Party.) Crazy.

>> ^criticalthud:

are there any statistics on being born into money vs. working your way rich?

Yes.

(The whole report is here)

>> ^TheGenk:

>> ^JiggaJonson:
And why was the audience cheering exactly???

Because they love the bullshit spoonfed to them warm and tender.


Okay, this is freaking me out.

I can't see @JiggaJonson's original comment.

[Ediot] Oh, I see what you did @TheGenk.

>> ^Lawdeedaw:

Although you are right, Cain is partially right too. We allowed our bubble to blow up because the middle class and poor were benefiting from the false wealth as well. So too were the rich--who lobbied for the disaster. But it was all of America.
In other words, we demanded stupidly from Washington and they accepted. Even now they want to lower tariffs (I.e., outsource more jobs) and lower taxes (I.e., do the will of the Tea Party.) Crazy.


Wait wait wait. I didn't vote for deregulation. I certainly didn't vote for banks to lobby congress.

I don't even think the Republican voters who did vote for deregulation knew that they were voting for bubbles and the biggest recession in generations. They certainly were told differently by Republican politicians, and the corporations who love them.

The people who promote the idea that markets are self-regulating were and are liars. Scam artists. Frauds. Yes, people were suckers for believing them. But I don't blame them for being naive and trusting, I blame the predatory fucks who used them to screw all of us out of our savings and livelihoods.

Cain wants people to mostly blame the victims of the scam for believing in the scam...all the while promoting the original scam itself!

The people who demand and benefit from false prosperity are also masochistic in a dumb kind of way. If everyone was smart, we wouldn't have this problem. But they are not. Whether you are intentionally doing something or unintentionally doing something is irrelevant.

Even now jobs (money) dominate over issues vastly more important... Because we don't care...

>> ^NetRunner:

>> ^Lawdeedaw:
Although you are right, Cain is partially right too. We allowed our bubble to blow up because the middle class and poor were benefiting from the false wealth as well. So too were the rich--who lobbied for the disaster. But it was all of America.
In other words, we demanded stupidly from Washington and they accepted. Even now they want to lower tariffs (I.e., outsource more jobs) and lower taxes (I.e., do the will of the Tea Party.) Crazy.

Wait wait wait. I didn't vote for deregulation. I certainly didn't vote for banks to lobby congress.
I don't even think the Republican voters who did vote for deregulation knew that they were voting for bubbles and the biggest recession in generations. They certainly were told differently by Republican politicians, and the corporations who love them.
The people who promote the idea that markets are self-regulating were and are liars. Scam artists. Frauds. Yes, people were suckers for believing them. But I don't blame them for being naive and trusting, I blame the predatory fucks who used them to screw all of us out of our savings and livelihoods.
Cain wants people to mostly blame the victims of the scam for believing in the scam...all the while promoting the original scam itself!

Cain isn't blaming the poor, he's blaming Washington, and the liberal OWS folks that elected them.

There's a subtle distinction there that you all are missing.

Also, Anderson Cooper is a biased reporter (he "keeps them honest" with Republicans as much as Democrats) who also fakes his news stories. I once watched him "report live" from a hurricane, with him standing in the middle of a bunch of water... on a bright sunny day.

I may not have been in many hurricanes, but they're usually not clear, sunny days when you're in them.