Communists of the World Unite!
This was a full page advert in today's New York Times, paid for by Bill Perkins
>
UPDATE: September 24, 2008 9:44am
The WSJ picked up the advert in this morning's paper:
The president has run into a wall of skepticism over his plan. Troubled voters are calling their congressmen. Academic economists are churning out sound bites. Democratic lawmakers are demanding that the plan include perks for the working classes, while Republicans are saying the plan interferes with the invisible hand of the free market.
But the 39-year-old Mr. Perkins is putting cash behind his anger. He commissioned an African-American arts collective to draw a cartoon depicting Mr. Bush, Treasury Secretary Henry Paulson and Federal Reserve Board Chairman Ben Bernanke trampling on the graves of private enterprise and capitalism. Then he paid $139,104 to run the drawing as a full-page ad in the Tuesday editions of the New York Times. And he promises to spend a million more on ads before he is done.
"I see it as trickle-down communism," Mr. Perkins said. "We have a communist action where everybody is paying for the benefit of the few and hoping the benefits will trickle down to everyone else."
Trader Makes a Quick $1.25 Million on Rescue, Then Slams It
MICHAEL M. PHILLIPS
WSJ, SEPTEMBER 24, 2008
http://online.wsj.com/article/SB122220938944168865.html
Tuesday, September 23, 2008 | 07:30 PM | Permalink
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"redistribution of wealth"
from the rich to the poor = socialism.
from the poor to the rich = capitalism.
Posted by: xuxE | Sep 23, 2008 7:36:06 PM
I just watched Senator Bernie Sanders rip Kudlow a new one. Someone please put this on youtube.
Also check out Sanders site where he has an open pretest to the bailout.
http://sanders.senate.gov/
Posted by: Owner Earnings | Sep 23, 2008 7:37:56 PM
More info on the commies.
http://www.americanhistory.org/2008/08/our-mission-thesis/
Posted by: Joe Politzer | Sep 23, 2008 7:42:14 PM
We are Enron nation. The American people elected the people who enabled this. We get the government we deserve. This country is shit.
TM
Posted by: Tim Mooney | Sep 23, 2008 7:46:07 PM
And now, beyond all shadow of doubt, we know that "some animals are more equal than others".
Posted by: Paul in NYC | Sep 23, 2008 7:46:48 PM
IMVHO socialism is the redestribution of wealth from all to the government in name of the poor.
Posted by: Vit | Sep 23, 2008 7:50:57 PM
Submitted for your approval, a new nickname. No longer "Helicopter" Ben but now Ben "Reality Sucks" Bernanke based on the following:
Quote: "'If the Treasury bids for and then buys assets at a price close to the hold-to-maturity price, there will be substantial benefits,' Bernanke said. 'First, banks will have a basis for valuing those assets and will not have to use fire-sale prices. Their capital will not be unreasonably marked down.'
In contrast, if banks use existing 'mark-to-market' rules that require them to value the holdings at what similar securities have recently sold for — in some cases pennies on the dollar — it could make the whole bailout futile because it would hurt many banks' balance sheets, causing some to fail. 'This creates something of a vicious circle,' he said." End Quote.
No doubt, Ben, reality does indeed suck. It sucks that mark-to-make-believe values do not reflect actual market values. But, here's something else, pal....life ain't fair. Tough shit. Get over it.
Perhaps simply "Well no shit, Ben" or simply, "Well, Duh!" would suffice.
"Helicopter" Ben, though, seems unduly heroic.
Posted by: Winston Munn | Sep 23, 2008 7:58:08 PM
When I was in the Army in the mid to late-80's, during the waning days of the communist menace across the pond, we had a bumper sticker that was simple and direct in its summation of how we felt and why we had volunteered:
"Russia Sucks"
It's hard to imagine hardly a score has passed and it turns out it was all for naught.
I suppose the freedom we fought for and protected included everything except the freedom for rich bankers to fail. If America is no longer committed to the ideal that man is blessed with certain rights (life, liberty, pursuit of happiness, e.g.) and that the exercise of these rights carries concomittant responsibilities, such as prudently managing the risk of failing at the pursuit of happiness, then today it can be said, like we did twenty-some years ago about the old Soviet Union:
America sucks.
Posted by: Donkei | Sep 23, 2008 7:58:08 PM
wanted to post on locker at VALERO yet it disaspeared
Posted by: bullpin | Sep 23, 2008 7:59:58 PM
US Stock Market $15 trillion
US Mortgage Market $7.2 trillion
CDS Market $62 trillion
Maybe I need to learn to speak chinese.
Posted by: Eric Sebille | Sep 23, 2008 8:10:10 PM
...Quote: "'If the Treasury bids for and then buys assets at a price close to the hold-to-maturity price, there will be substantial benefits,' Bernanke said...
If that is the real problem, then why keep the 700B, just change the law from mark to market to mark to hold(imagine) till this is over?
Posted by: Mich(^IXIC1881) | Sep 23, 2008 8:11:08 PM
here's a study aid, to go with the art:
http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=10+planks+of+the+communist+manifesto
Posted by: Mark E Hoffer | Sep 23, 2008 8:12:54 PM
Nonsense.
If it were Communism, we'd at least GET something like universal health care or universal higher education.
This is Crony Capitalism!
Posted by: RNL | Sep 23, 2008 8:17:37 PM
Good point, Mich!
Posted by: Bodz | Sep 23, 2008 8:18:27 PM
Who cares about the freakin' banking system when we've got problems like this:
Daley to Wrigley bars: Curb booze sales or go dry
http://www.suntimes.com/news/politics/1180386,wrig092408.article
Posted by: VennData | Sep 23, 2008 8:19:25 PM
Today's testimony really made me lose a lot of respect for Hank Paulson. It is actually making me rethink my fanboy status for Goldman Sachs, despite the world-class (albeit unaffordable) babeagery at 85 Broad. Any GS insiders know anything juicy about the relationship between Paulson and Jon Corzine? Surely, these two must have been at odds at some point, given the wide disparity in their political views.
Posted by: CNBC Sucks | Sep 23, 2008 8:19:56 PM
Seems fitting to this thread
http://www.youtube.com/watch?v=nIdKhaxo3OE
(there are also remix, dance versions on youtube, everything is popular culture these days)
CIAO BELLA
One morning, just risen from bed
Oh Bella ciao ... (Goodbye, my beautiful)
One morning, just risen from bed
I discovered the invaders
Oh partisan, carry me away
Oh Bella ciao ...
Oh partisan, carry me away
For I feel I'm dying
And if I die as a partisan
Oh Bella ciao ...
And if I die as a partisan
You must burry me!
Burry me way up in the mountains
Oh Bella ciao ...
Burry me way up in the mountains
Under the shadow of a beautiful flower
And the people passing by
Oh Bella ciao ...
And the people passing by
Will tell "What a beautiful flower!"
And that's the flower of the partisan
Oh Bella ciao ...
And that's the flower of the partisan
Who died for freedom (liberty)
Died for freedom
Died for freedom!
Posted by: Mich(^IXIC1881) | Sep 23, 2008 8:25:52 PM
socialism my ass. a socialist government doesn't leave a hurricane-ravaged city to fend for itself.
Posted by: Schnormal | Sep 23, 2008 8:27:37 PM
Mich,
Mark-to-Imagine, what a concept.
Imagine there's no losses
It isn't hard to do
No fall in asset prices
House values stuck like glue
Imagine all the buyers
paying all their bi-i-lls
Well you may say I'm a dreamer
But I'm not the only one
Bernanke agrees that it can happen
If we only bail about a ton
Posted by: Winston Munn | Sep 23, 2008 8:28:40 PM
To sign Senator Sanders' petition letter:
http://sanders.senate.gov/petitions/?petition=Financial_Crisis_1
Posted by: H Salmon | Sep 23, 2008 8:29:37 PM
just watched Senator Bernie Sanders rip Kudlow a new one. Someone please put this on youtube.
Enjoy!
http://www.youtube.com/watch?v=Lkqb1pQrCcg
Posted by: Paul Yarbles | Sep 23, 2008 8:39:54 PM
During Kudlow’s show today he had a real problem with banks and brokers that go to the tax payer’s trough but were restricted from getting big pay packages. Kudlow also said it is government confiscation to take a stake in the company and expect a return for the tax payer. Kudlow get more screwed up everyday--please, can anyone tell me how he stays on the air?????
Posted by: gunthestops | Sep 23, 2008 8:39:56 PM
Funny how the biggest commie in Congress, Bernie Sanders of Vermont, is setting out positions most in line with the most strident free marketers.
Cue Bob Dylan ...
Posted by: Douglas Watts | Sep 23, 2008 8:48:37 PM
--please, can anyone tell me how he stays on the air?????
Posted by: gunthestops | Sep 23, 2008 8:39:56 PM
http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=Bush+Administration+pays+TV+Experts
http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=Operation+Mockingbird
gts,
above, are some study aids
Posted by: Mark E Hoffer | Sep 23, 2008 8:53:16 PM
Sanders v. Kudlow
http://www.youtube.com/watch?v=Lkqb1pQrCcg
Sanders sounds like a Rockefeller Republican from 1979.
Kudlow sounds like ... well ....
Time flies when your economy and news media are on mescaline and quaaludes.
Posted by: Douglas Watts | Sep 23, 2008 8:54:34 PM
