NH primary is today.
Make a new account
Attack Republicans in the next debate. Sanders will have had his day in the sun. But Clinton will win on demographics.
If he wins big. She'll still win on demographics. But she can also safely drop her best oppo. Whatever that may be. I'm sure it's juicy.
And attack him on his top tax rate. A 77% top rate is popular with no one. Even millennials don't like. And for the numbers to work it really has to be closer to 80%.
If enough news cycles have him defending his top rate, his numbers will collapse. It's both bad policy and bad politics.
The GOP wouldn't. Parent
I've seen cute puppies that have gotten rougher coverage than Sanders. Parent
According to people who heard Clinton's remarks, "she spoke glowingly of the work the bank was doing raising capital and helping create jobs...She spent no time criticizing Goldman or Wall Street more broadly for its role in the 2008 financial crisis." On the one hand, it's understandable that Clinton wouldn't condemn the people paying her several hundred thousand dollars to speak. However, the report sharply contradicts her "Cut it out" narrative, which was already unpersuasive. "It was pretty glowing about us," said another attendee. "It's so far from what she sounds like as a candidate now. It was like a rah-rah speech. She sounded more like a Goldman Sachs managing director." However accurate these accounts are, it's a very bad look for Clinton. The discourse on the Left right now is focused on greed and inequality and corruption - reports like this can only undermine Clinton's campaign. Clinton's current dilemma is whether to release the transcripts or not. As Buzzfeed reported over the weekend, she owns the exclusive rights to the content of her speeches, and so the decision is hers and hers alone. This is really a lose-lose proposition for Clinton. If she does release the transcripts, she'll have to defend everything she said, and that's not a position she wants to be in. As another attendee of one of the speeches put it, "It would bury her against Sanders. It really makes her look like an ally of the firm."
"It was pretty glowing about us," said another attendee. "It's so far from what she sounds like as a candidate now. It was like a rah-rah speech. She sounded more like a Goldman Sachs managing director." However accurate these accounts are, it's a very bad look for Clinton. The discourse on the Left right now is focused on greed and inequality and corruption - reports like this can only undermine Clinton's campaign.
Clinton's current dilemma is whether to release the transcripts or not. As Buzzfeed reported over the weekend, she owns the exclusive rights to the content of her speeches, and so the decision is hers and hers alone. This is really a lose-lose proposition for Clinton. If she does release the transcripts, she'll have to defend everything she said, and that's not a position she wants to be in. As another attendee of one of the speeches put it, "It would bury her against Sanders. It really makes her look like an ally of the firm."
This story, posted from the rag Salon, originated with Politico, which I've been told, is there Tiger Beat on the Potomac. Parent
You can bet there are hundreds of high level mumbo jumbo statements in 'Ted Talk' quality motivational speeches that would make wonderful campaign ad tag lines.
She is d***med if she does. and if she doesn't. I'm sure she is jsut riding out the Bern as best she can and betting it will not be an issue six weeks from now. Parent
On the other hand, who are these anonymous people? Parent
Hillary's shorter. And older. ;-) Parent
Let them invest in hedge funds...
This is the same as the emails, if you are going to do it, do it right away, before the press pumps this up to something it's not. To be clear, when I say it's the same I mean as far as decided to release, not content. She held out on the emails and that allowed republicans to act like there was something sinister going on. Parent
CLINTON RULES Parent
Either way, if you think it's unfair, you can hardly blame Sanders or his supporters. Parent
She apparently has complete dominion over these speech transcripts, so why the hesitation? It's making people ask more questions and adding to the speculation that there's something in them that contradicts her description of what she said - like it or not, it seems like a bad strategy when she already suffers from problems with trustworthiness.
I get why she's annoyed, but I also see that to a large extent she did this to herself. And I don't think her campaign is handling it particularly nimbly - also something that has dogged her over the years.
I would prefer that she just rip off the bandaid now, and not drag this out - given that she's likely going to be the nominee, I really am not interested in her chances for election being damaged to the point where some insane person from the GOP has a better chance to win. Parent
Of course this is her own making, this isn't a speech from 2000, it happened in the midst of the Iowa caucus, when questions about taking WS $$ were already an issue.
Dare I say this was predictable, someone was going to want to know what she said to GS ? It's insane to me that she didn't take a pass until Sanders is/was gone. Parent
Or is she the only one to whom this should apply?
#AskingForAFriend Parent
For that kinda bread, it should be the best damn speech ever given...like "I Have a Dream" and "Sermon on the Mount" and Rocky's speech in Moscow after the Drago fight in Rocky IV all rolled into one. Parent
I'll bet they are worth it (5.00 / 1) (#136)
Parent
But we both know they're not paying for the speech...ever. It's really an appearance fee, like when some Arab prince pays Lindsay Lohan to go to his birthday party. Parent
They want to be near her, shake her hand, and get their picture taken with her. Parent
And this is not a HRC discussion, it's about all of them taking large amounts of money with the expectation of something. Parent
There are multiples ways to open it up for declared candidates for all national offices.
1). Release transcripts for all speeches for which one received speaking fees -- works for me.
2). Release transcripts for speeches where fees were over an arbitrary dollar amount -- not a fan of that. Then all these comments would be focusing on what that amount was and how un-faiiirrrr it was.
3). Release transcripts for all speeches everywhere. What is the problem with that? It works for me, too, although I think it's unnecessary. What voters are trying to determine is what the candidate perceives as his or her priorities. And nothing says that like money.
After all, how I make my money certainly says something about me.
So bottom line, you're right. Release them all. That avoids all the pretzeling. Parent
I've been to all-hands meetings where they brought in speakers (not one as big as HRC), but the fee was budgeted in to some account for corporate meetings. Parent
Yes, the transcripts would probably have some sound bites. Most speakers in Clintons' position would not be rude or lecture the company. They would likely be as nice as possible, and not try to create controversy at the speech, generally. I suppose Trump might be an exception.
This is merely politicians looking to score some points or get some advantage. It should be a non-issue, but in this day and age of politics, it probably isn't. Parent
Still, what about Clinton? How cozy with the financial industry is she? I asked about this on Twitter over the weekend, figuring that all the Bernie supporters would give me an earful. But no such luck. Mostly they just told me that she had taken Wall Street money and given Wall Street speeches. The only concrete criticism was one that Elizabeth Warren made in 2004: that Clinton had changed her view on the bankruptcy bill after she accepted lots of Wall Street money to get elected to the Senate. But that didn't really hold water. She opposed the bill in 1999 because she wanted alimony and child-support payments to take precedence over credit card companies during bankruptcy proceeding. The bill passed anyway, but Bill Clinton vetoed it. In 2001, she brokered a compromise that gave priority to alimony and child support, and then voted for the bill. It didn't pass at the time, and in 2005 her compromise was removed from the bill. She said then that she opposed it. This is classic Hillary. Once George Bush was president, she had no way of stopping the bill--so she worked hard behind the scenes to get what she could in return for her vote. Love it or hate it, this is the kind of pragmatic politics she practices. But there's no hypocrisy here; no change of heart thanks to Wall Street money (she supported the bill when it protected women and children and opposed it when it didn't); and no real support for the financial industry.
But that didn't really hold water. She opposed the bill in 1999 because she wanted alimony and child-support payments to take precedence over credit card companies during bankruptcy proceeding. The bill passed anyway, but Bill Clinton vetoed it. In 2001, she brokered a compromise that gave priority to alimony and child support, and then voted for the bill. It didn't pass at the time, and in 2005 her compromise was removed from the bill. She said then that she opposed it.
This is classic Hillary. Once George Bush was president, she had no way of stopping the bill--so she worked hard behind the scenes to get what she could in return for her vote. Love it or hate it, this is the kind of pragmatic politics she practices. But there's no hypocrisy here; no change of heart thanks to Wall Street money (she supported the bill when it protected women and children and opposed it when it didn't); and no real support for the financial industry.
SNIP
I think it's safe to say that Clinton has hardly been a scourge of the banking industry. Until recently, her main interests were elsewhere. But if there's a strong case to be made for "coziness," I've failed to find it. Anyone care to point me in the right direction?
These are not: "A republic, if you can keep it." Parent
Donald Trump was paid $1.5 million per appearance when he addressed the Learning Annex in both 2006 and 2007.
Even George W. Bush raked in over $15 million in speaking fees in 2011 alone and further, each and every one of his speeches has been closed to the public.
And it's long been public knowledge that Bill Clinton is a very much-in-demand public speaker who can command up to $500,000 per engagement.
Personally and honestly, I think that this is an entirely manufactured controversy and really much ado about nothing. Honoraria have been around since forever, and for nearly just as long, their receipt / demand by certain individuals whom we dislike or oppose has also served as a convenient vehicle to criticize and attack them.
I mean, if someone offers something that's in demand, why shouldn't he or she get paid for its purchase and delivery? That's the reality and reflection of the marketplace in action.
And if that something happens to be one's own knowledge, experience, wisdom or even personal presence, where is it written that he or she is then required to give it away for free?
But to insinuate, without any evidence or foundation whatsoever other than personal feeling, that honoraria and speaking / lecture fees to these individuals are somehow the equivalent of bribes, payoffs, kickbacks or worse -- well, that sort of hyperbole really says a lot more about the person who's leveling that baseless charge, than it does of the person receiving the honorarium or fee.
Speaking for myself only. Aloha. Parent
[T]o insinuate, without any evidence or foundation whatsoever other than personal feeling, that honoraria and speaking / lecture fees to these individuals are somehow the equivalent of bribes, payoffs, kickbacks or worse -- well, that sort of hyperbole really says a lot more about the person who's leveling that baseless charge, than it does of the person receiving the honorarium or fee.
But if you insist on doing so, I should point out that Tori Burch isn't running for president, nor is the Archbishop, and neither, as far as I know, ever entertained the idea of doing so at the time they were giving their speeches.
But if you think Tori Burch wouldn't do Lloyd - or any of the higher-ups - some favors ("of course, I would love for your wife to wear one of my gowns to the Met Gala"), then you might have to think that maybe Clinton would, too. What favor? Maybe just the opportunity to have her ear - which is something you or I will never have.
She may be regretting that she didn't donate her fees to charity - at least she would have that going for her. Parent
How is that a shame ? Parent
Bernie is trying to make us all better people - please spare me. Parent
Your presumed belief that the statement above is a knock on HRC is wrong, but please, you have some point to make don't let my explanation of my own words get in your way.
Do you think it would have been acceptable for Obama to take money from anti-abortion groups in 2008/2012 ? Of course not, and that was my point, that I am glad we have standards when it comes to taking dollars. WS is bad, but clearly not a deal breaker for the party, and I doubt many Sanders fans are going to go republican if he doesn't get the nod. They will get over it.
So take your own advise about hyperbolic statements. Parent
He does, however continue to get hundreds of thousands of dollars a year in book royalties, in addition to his government salary and all the perks of the office. Parent
Ya know, just a little something to wet his beak. Parent
You were comparing someone who is in office vs. a private citizen. Parent
What I am getting around to, it would seem that you think she should have different rules than people who are employed by the government even though she is trying to become an employee of the government.
Which of course goes against just about every post you have made in regards to HRC. Now she should get special treatment that other candidates, even though a great deal of time has been spent declaring that she is being treated differently and how that is unfair.
Yes, I get that her status is different.
I find it odd that I even have to write this, since it's been basically one of the only areas where HRC has a real weakness, and she knows it. Wouldn't have just been easier for HRC to take a pass on speaking to one of the left's bugaboos rather than fight it the whole campaign ?
Worse, if she said something really bad, and we will get the transcripts I am sure, it could cost her the election. I mean F, quit buddying up to WS before an election if you are a democrat, even an unemployed one. Parent
She needs to release the transcripts and move on.
But frankly, this constant drum beating about this shows that the Sanders campaign and his supporters don't have much to go on. She got rich. Woo hoo. On industries she may have a hand in regulating someday....or not. Unless you have something that can definitively show this will make her favor them, then you're spouting pure speculation and trying to spin it as fact. What ISanders a fact is that you have no idea how she'does deal with them.
Funny, I still don't see anyone talking about all the money she made giving speeches to the tech industry, another industry she may have dealings with as president, especially when it comes to privacy, security of our personal data, 4th Amendment issues, etc. Wanna bet why this isn't even being discussed and no pearls are being clutched over it? I have a theory and it has a lot to do with the demographics of who works and runs said companies.
So, unless you can be outraged about all of these and demand she come clean with her private citizen dealings with media and tech companies, please save the tired "Goldman Sachs" meme. Your argument might be more interesting if it was all encompassing and not based on selective talking points of an opponent's campaign.
Many people care about this and care deeply. Good for them. For many others, the more it's pounded into the ground, the less we care. We care about things like jobs, clean drinking water, improved access to health care, being safe and secure in our homes, our neighborhoods, and our country. I'd rather focus on those issues rather than how someone legally got rich.
YMMV. Parent
I am not locked in yet.
It's the optics, taking off from Iowa to go get a check at WS. How does that in anyway indicate she is interested in reeling in WS, it doesn't, it does the exact opposite.
You know damn well what this is about and acting like you don't is beneath you, she could take checks from just about any industry but one or two, and yet she still at that one getting checks as of two or three weeks ago, in the middle of her campaign.
Having issue with HRC does not equal Sanders supporter, it means that I would like to know why she can't stay away from that easy WS money knowing the optics would be bad.
Quit frankly it is troublesome, she only had to wait until Bernie is out, but this is what is keeping him in, the R's sure as hell aren't going to go after her WS connections.
That is bad judgement, which whether you like it or not, it is important to me. It really doesn't make sense, on the campaign trail, taking a day off to speak to people who are almost universally disliked and not trusted, for money ? Parent
Since you cannot, or will not, address the hypocrisy of only wanting "Goldman Sachs" released, but not addressing the silence (especially from the college crew) on how much she took from tech (which was the most money she took from any industry, by the way), then this tells me that there really is no argument and it's just a good catchphrase to stir up voters. Why aren't you howling about her speeches to tech and how she will work with them to collect your data and slow your networks, so they can charge you more for access, and blah blah blah?
Also, if it weren't sad, it would be funny that everyone is assuming they know how she will deal with the financial sector because they paid her as a private citizen to speak, and it shows that people are talking out of their a$$es. She has been tried and found guilty even though you have no idea what she would do. Teddy Roosevelt took money from Standard Oil, but he still broke them up. Barney Franks took money from the banks, yet he was still able to co-sponsor and get Dodd-Franks passed.
There are so many more things to be outraged about in this country, like the fact that we have kids who have been poisoned by drinking contaminated water. Why aren't Sanders supporters talking about that? There were 242 terror incidents around the world last year alone - why no mention of that? Why no discussion of abortion and reproductive rights? Why no discussion of civil rights? Parent
No one cares what she has to say to Tech companies, to Automakers, or to widget manufacturers. Bernie is not in the race to reel in widget makers, there is one group that contributed immensely to the collapse of the economy, and it ain't widget manufacturers.
The good news, she seems to finally get it, and in her speech after NH she clearly knows this is an issue she needs to get ahead of.
You will notice JB, she isn't singling out tech companies or anyone else, so if I am being hypocritical well then so is the candidate.
Thanks Bernie.
For the record, she hasn't been found guilty of anything, but in politics, it's the optics, but you know this, and so does she, and so do primary voters. To me instead of getting mad at the people who don't like her getting checks from WS, maybe you should get mad at the person taking them in the middle of the primary.
IMO we have seen the last of that foolishness. Parent
If you're interested, here's a link to Clinton's website, where you will find a link to the list of the speaking fees she earned in 2013.
She received $225,000 for 34 of the 41 speeches listed on her tax return. Of the remaining 7 speeches, two were for 250,000 and the others for $265,000, $275,000, $285,000, $305,000 and $400,000. In total she received $9,680,000 for these speaking engagements in 2013. Wall Street firms funded 14 of her 41 talks. In addition to Goldman Sachs, the list includes Morgan Stanley, Deutsche Bank, Fidelity Investments UBS and Bank of America. Her benefactors also include hedge funds and private equity firms like Apollo Management and Kohlberg, Kravis, Roberts.
Wall Street firms funded 14 of her 41 talks. In addition to Goldman Sachs, the list includes Morgan Stanley, Deutsche Bank, Fidelity Investments UBS and Bank of America. Her benefactors also include hedge funds and private equity firms like Apollo Management and Kohlberg, Kravis, Roberts.
Link
Almost $10 million.
I mean, she couldn't even be honest about why Goldman Sachs paid her $675,000 for the three speeches she gave for them. She disingenuously said, "because that's what they offered," when it's pretty clear from looking at the list, that that's her fee. She - or her speaking agency - set those fees.
And she owns the speeches, so she doesn't have to "look into" getting transcripts.
I guess where I'm going with this is, if there's nothing wrong with what she did, why couldn't she tell Anderson Cooper that she was paid $225K per speech because that is her fee? Why couldn't she tell Chuck Todd that she owns the speeches and assuming that providing them doesn't compromise her ability to retain control over them, she'd be happy to release them?
We all care about the things you listed - and Clinton has a lot of good things to say about them - and this is taking people's attention off the issues of the majority of the voters and putting it right back on what is arguably her weakest point: can you trust her?
Like I said, I'd really like her to just fish or cut bait on this, now, so she can try to put it behind her. If she's the nominee, I seriously don't want to spend the entire general election season having to listen to the GOP and the right wing yammering on about this or what I think the next shoe to drop will be: the Clinton Foundation and CGI.
And if she has to disclose, so should any other candidate who's been earning money giving speeches. Parent
"Goldman Sachs" isn't just the name of (none / 0) (#166) by Anne on Tue Feb 09, 2016 at 05:08:24 PM EST one of the firms from which Clinton received large speaking fees, it's also shorthand for "financial industry" or "powerful corporate interests."
But since she received more from the tech industry than any other, why the silence?
Because it's a good campaign slogan. Parent
Look, I agree, the level of outside money in politics is bad, but I also understand until laws are changed and we pony up as taxpayers to fund campaigns, to not use that money to further an agenda that aligns is counter productive. To use that as an argument against our own is pennywise pound foolish. Parent
I'm making the argument that we do a disservice to the big tent when we allow wedges to be driven between ourselves when we are all largely in agreement on the goal.
Because my "goals" don't I think, coincide with yours, for example. But I think "goals" is the wrong word. I prefer "priorities". I am looking for the candidate whose priorities are more in line with mine.
Finding out who is funding who goes a long, long way to determining priorities.
As for the "fodder" argument, that is total cr@p. When it comes to opposition research the Big Boys make commenters on a blog look like pikers.
"Elevate the discussion" my a$$. That puts a target on the back of the blindfolded candidate. Because the opposition is in no way going to "elevate the discussion".
So, what are your goals, anyway? Parent
The "cauldron of fire" argument doesn't hold much sway with me, considering one of the candidates we have has already proven herself able to stand the heat of the kitchen.
Long Term Goals - campaign finance reform, job training & creation, infrastructure repair, improved regulation of the financial sector, universal health care, national security, immigration, Israel & Palestine, not necessarily in that order.
Re: finding out who's financing who, that info is already available. Parent
Frankly, I think a vigorous primary season centered around real issues makes for a stronger candidate. Challenging the candidates makes them stronger. If they can't hold up to a primary challenge then I don't have much hope for a general election.
I think both candidates are stronger than that. It isn't "shooting ourselves in the foot" in my opinion. It is making our priorities known. If not now, then when? This is the only time the electorate is given any shrift at all. If the candidates don't handle it well they are shooting themselves in the foot. They have all the leverage. Parent
And, let me add, let us dispel with this fiction that New Hampshire voters don't know what they're doing. They know EXACTLY what they're doing.
-- From a leaked copy of Rubio's post election speech.
;)
A linguist noticed an odd thing about Marco Rubio's malfunction in the GOP debate.Sure, it was weird when Rubio said a version of one talking point--"Let's dispel with this fiction that Barack Obama doesn't know what he's doing"--four times. But it's also weird he said "dispel with." That's not a thing.
One rhetorician theorized that Dubya's success was due to a word salad approach to communication. If you lay his impromptu spewings out on a page they look like word salad - incoherent, fragmented, broken grammar, broken everything.
But if you were receptive and listening, your brain would supposedly rearrange the word salad into what you wanted to hear. Parent
- for anyone who actually believed he was the kinder, gentler alternative.
If true, in a strange way, Bush may be the bigger winner.
Kasich is not a good fit for SC. But Bush is. And if Rubio has truly faded, a Bush comeback could be in the making.
Funnily enough, Trump could win and it not matter much. Especially if he doesn't reach 30%. And it's not impossible for him to be second again.
The surly, petulant, old school Kasich would not be. But, somehow, he's managed to put that Kasich in one of Al Gore's lock-boxes and throw away the key. Parent
If he wins tonight those margins are not likely to shrink. Parent
The press is bored with him. The RNC is no longer scared of him.
He may have balloons tonight. (And he may not.) But in the raucous, dirty world of SC, he better protect his kneecaps. Parent
No one else looks like they can pull it off. Maybe Cruz but he is so hated.
Robot Rubio? I think he has really hurt himself.
Bush. No way.
Kasich. He is detested for the same reasons Democrats like him.
Christie? Sunk long ago by Bridgegate.
If Donald stops doing stuff like using the "P" word in public, the GOP big boys will go for him and hope to co-opt him. Parent
He's too narcissistic and infatuated with his "I make my own rules" schtick. Parent
Once the free media evaporates, and that's already happening, he'll need to pay.
And he doesn't want to.
Once he disappears from TV. So will his vote. Parent
Maybe Robot Rubio will get the nod as the least offensive to GOP as a whole....but what about immigration? Trump will hit him there if he needs to .....
If I had to guess, I would say the ticket would be Trump/Rubio. Parent
Mr. Roboto is done. Kasich can't get enough conservatives. And Christie has no money. Parent
"It would be cruel and perverse to seek equal abandonment of those now struggling with addiction as payback for the failures of the '80s. Nor do I write in mere hopes of inducing cheap racial guilt. The hope, however vain, is that we learn from our meanest moments."
1.39
WFT
is it even possible gas could actually drop below a dollar a gallon? Would this be good or bad? Or just weird.
Environmentalists may cringe. But, for good or ill, it's true. Parent
Wait, what?
Went back in looking confused and she giggled and said, yeah, been happening a lot.
About kneecaps based on what we have seen I can't think what it is that makes you think it's Donald that needs to worry.
That said, I hope you are right. I really do. Parent
He'll get less free media going forward. And more vetting.
They may even mention little things likes his record of hiring illegal immigrants. On at least one occasion he was fined millions of dollars for doing it. Parent
Not one. Why do you think that is? Parent
He's likely taken Rubio out. And not benefited from it.
And this is only amplified when you attack a front runner. They're waiting for the field to narrow. And it will narrow.
(BTW, there have been some negative ads against Trump. Mostly from Super PACs.
And Bush has been regularly attacking Trump in his stump speeches.) Parent
As I said I hope you are right. I do not think you are. Parent
That means the real competitors in SC will be Trump, Cruz and Bush. Maybe Carson.
That's pretty narrow.
Kasich and Christie have to look to other states. And neither have much money. Parent
And many of them don't care. Indeed, they like him even more. Parent
With him, new bad things are unfolding every other day. Parent
Also very bad news for the people of Texas I understand as apparently there are mass layoffs all over the state. Parent
Fracking was part of it, but Russia is the main force(OPEC tried to keep them out of the market and failed) and now I suspect Iran will be adding to the surplus. Worse part, we have decided not to sell into Iran, not sure why, but we make all the gear to get oil out of the ground including entire land/ocean rigs. In the past our parts division would keep us rolling when prices went south, but now prices are so low that they are cannibalizing other rigs for parts rather than buying them.
We aren't just laying off people, we are closing plants. And while I would be one of the last to go(tax), it sucks working in an environment where people are in fear of losing their jobs, in a region that doesn't know much else. Somber, day in and day out.
Even back home in Wisconsin they are feeling it, my dad said a giant plant that made sand for fracking was closed. At one point the land with that special sand was going for ridiculous dollars, now it's over. Parent
We all know that those transitions are almost beyond difficult. People alternately lose hope, become very angry. The change in work-structure--while taking place globally--hits hard in particular regions at a time. When putting on our "thinking caps"--and factoring in all the reals of immediate hurt & suffering; $$$$ costs to human beings and society; technological challenges; etc.--what will have to happen is the determination, drive, know-how, laser-like focus on actual steps & specific programs to realign again.
As you can tell where I'm headed ... the reality of work & livelihood losses will not be addressed, abated, resolved by theory. Vision and concern and sensibilities may form the broad discussion point. But, it will call for concrete, specific programs and plans. For those not confronting that kind of reality in the present ... well, I can understand why the nitty-gritty sounds almost mundane, boring. When we really have to address something--when the time comes to do more than express concern and to do more than bewail the reality that life does throw curve-balls.... when reality bumps up against theory in day-to-day living, jobs, costs, associated taxes, et al ....
My Dad used to say <when I was speechifying and all>: "Christy, a man needs to feed his stomach before he wants to or even can feed his mind with philosophy." Parent
"It has the potential to personalize it, it has the potential to be a dangerous moment. Not just for Wall Street not just for the people who are particularly targeted but for anybody who is a little bit out of line," Blankfein said. "It's a liability to say I'm going to compromise I'm going to get one millimeter off the extreme position I have and if you do you have to back track and swear to people that you'll never compromise. It's just incredible. It's a moment in history." Article.
"One Pricewaterhouse Coopers survey found 24% of millennial respondents were familiar with basic financial concepts; 30% routinely overdrew their checking accounts (racking up banking fees) and more than 20% ended up dipping into their retirement savings (incurring fees and penalties). Nearly half couldn't come up with $2,000 in the next month in an emergency, making them "financially fragile"." Article.
Sanders took offense when Blankfein, in a 2012 segment on "60 Minutes," said, "You're going to have to undoubtedly do something to lower people's expectations" that they will get their full Social Security and Medicare benefits because "we can't afford it." Blankfein advocated an increase in the eligibility age for both programs as well as other cuts because "entitlements have to be slowed down and contained." Soon afterward, Sanders excoriated Blankfein in a speech from the floor of the Senate titled "The Face of Class Warfare": SANDERS: Sometimes there is no end to arrogance. ... Lloyd Blankfein is the CEO of Goldman Sachs. ... During the financial crisis Goldman Sachs received a total of $814 billion in virtually zero-interest loans from the Federal Reserve and a $10 billion bailout from the Treasury Department. ... And now with his huge wealth he is coming here to Washington to lecture the American people on how we have got to cut Social Security, Medicare, and Medicaid for tens of millions of Americans who are struggling now to keep their heads above water. [...] That's what Blankfein was responding to on CNBC last week when he said, "To personalize it, it has the potential to be a dangerous moment, not just for Wall Street, not just for the people are particularly targeted but for anybody who is a little bit out of line." And so that's why Sanders' remarks concern Blankfein: No one on Wall Street wants someone running for president asking why the United States "can't afford" Social Security and Medicare but could afford to bail them out.
Soon afterward, Sanders excoriated Blankfein in a speech from the floor of the Senate titled "The Face of Class Warfare":
SANDERS: Sometimes there is no end to arrogance. ... Lloyd Blankfein is the CEO of Goldman Sachs. ... During the financial crisis Goldman Sachs received a total of $814 billion in virtually zero-interest loans from the Federal Reserve and a $10 billion bailout from the Treasury Department. ... And now with his huge wealth he is coming here to Washington to lecture the American people on how we have got to cut Social Security, Medicare, and Medicaid for tens of millions of Americans who are struggling now to keep their heads above water.
[...]
That's what Blankfein was responding to on CNBC last week when he said, "To personalize it, it has the potential to be a dangerous moment, not just for Wall Street, not just for the people are particularly targeted but for anybody who is a little bit out of line."
And so that's why Sanders' remarks concern Blankfein: No one on Wall Street wants someone running for president asking why the United States "can't afford" Social Security and Medicare but could afford to bail them out.
Makes sense to me. Parent
No one on Wall Street wants someone running for president asking why the United States "can't afford" Social Security and Medicare but could afford to bail them out.
The gov't has actually made money on the bailout:
Altogether, accounting for both the TARP and the Fannie and Freddie bailout, $618B has gone out the door--invested, loaned, or paid out--while $390B has been returned. The Treasury has been earning a return on most of the money invested or loaned. So far, it has earned $294B. When those revenues are taken into account, the government has realized a $65.4B profit as of Feb. 1, 2016.
The Treasury has been earning a return on most of the money invested or loaned. So far, it has earned $294B. When those revenues are taken into account, the government has realized a $65.4B profit as of Feb. 1, 2016.
Pro Publica
Hyperbolic statements from our side decrease the legitimacy of the valid arguments to made for income equality and income disparity, imo. Parent
GS in particular paid $5B, where does that fit on your balance sheet.
And Blankfein is most certainly downplaying 'anyone who is a little bit out of line." Five billion, even to the largest company is a little bit more than a little bit out-of-line. Parent
What you folks are talking about (none / 0) (#69) by vicndabx on Tue Feb 09, 2016 at 11:56:16 AM MDT I'm not sure. The point of my post was in the last line.
I'm not sure. The point of my post was in the last line.
Hyperbolic statements from our side decrease the legitimacy of the valid arguments to made for income equality and income disparity, imo.
Not even sure what this means, but $618 went out and $390 returned doesn't seem like a profit of $65.4, seems more like 10 year loans that hasn't been paid off. And running the numbers, using simple interest that is loans at 1.5% interest.
What is our cost of the debt we are taking on to make loans to WS ? More than the rate we are charging.
Start giving people those kinds of cash loans and they will do great things as well, like paying off their house in a decade or ending their student loan debt in years rather than decades.
IOW, SS & Medicare payments wouldn't be as critical if the average person had access to near zero interest cash loans throughout their lives. Parent
As far as the second paragraph - what that really tells me is that millennials are broke. Another thing I've been saying for months. No $hit. I would venture to guess that it's why so many of them are so angry. Parent
Fascinating to watch in recent years was a thread on a forum of faculty from across the country, as we saw the first frosh who had been entirely educated under NCLB. We do understand the pressure put on K12 educators -- our children are among them -- but the result can be sad to see, as some students face, for the first time, logical consequences for their actions.
That is, we -- at least, we at open-access (or close to it) universities always have seen some such students, but the scale tipped to so many more such students who simply are not "reality-based" about expectations in higher education. Parent
There are tendencies, though, that can trend. "Learned helplessness" is a term that I see faculty increasingly discuss, so it is interesting that you use the term "decision.". in recent years, I entirely rewrote my syllabi to move away from "memo-speak," the use of passive voice ("It is required that ten assignments be done") to an emphasis on students as active agents in their success . . . or not. My syllabi now use the terms "decisions" and "responsibilities" -- and the term "consequences." Some students can be stunned when, for the first time, a professor makes clear that we do not "give" grades. Instead, I tell them that I only record the consequences of their decisions, their actions.
Some also are stunned at the realization that, unlike their K12 teachers, we are not required to keep them "in school." They really can flunk out -- with no repercussions for us. (That is, if we can, in the event of a threat of a grade appeal, show that the F is for not doing what they are to do. And that, we certainly can do, as students find out, fast. I never have had a grade appeal, in many decades, because I keep detailed records.). I would note that this may not be so at some campuses, where repercussions are seen -- such as one whose president (not an academic but from the business sector) fired faculty today for opposition to his plan to get rid of students needing services . . . or, as he put it, to "drown the bunnies.". But those are not -- or no longer are -- reputable institutions.
As for the role of government and its responsibilities, and expectations of government, this is foundational understanding that is crucial to my courses -- and I often do wonder whether civics still is taught, at all. I could clog this blog with stories, so I will stop there, lest I again despair at some students' lack of preparation or the like.
Instead, I shall return to grading more than two hundred assignments this week (and every week), a return to the search for joy in the work of the wonderful students, who will be our future leaders. Some will challenge the authors we read this week, from close reading and logical thinking -- and with solid evidence and sources. That is the minimum for competence, although too many students never have had to meet even that.
But some will challenge me to think about our readings in new ways, and they hearten me, for the sake of us all. One preened last week, when told that he had persuaded me to a different perspective from reading "between the lines" of a primary source, one that I have used with thousands of students, who also never had seen what he saw -- and his classmates cheered. He still has to master the correct use of the apostrophe, and he really must stop spelling "a lot" as "alot" . . . but that's the easy stuff to fix, sad as it is that it was not fixed by K6. Parent
Medium-sized businesses got the most love (35%), while start-ups and government agencies were the expressed preference for just 10% of respondents. Fun seems to be a deciding factor. A full 60% of 2015 grads -- and 69% of 2013 and 2014 grads, who were also surveyed -- said they'd rather work for a company that has a "positive social atmosphere" even if it means lower pay.
Fun seems to be a deciding factor.
A full 60% of 2015 grads -- and 69% of 2013 and 2014 grads, who were also surveyed -- said they'd rather work for a company that has a "positive social atmosphere" even if it means lower pay.
CNN Money
To be clear, not dissing, just posting. Parent
Your concluding paragraph sent an uplifting message. Perhaps, those pleasant sparks of learning will counter the sedative of "learned helplessness" that you described. Parent
Yeh, that's the problem: He upset us catlovers. Parent
Lot's of anecdotes in there that will only confuse things further.
But this seems relevant:
"Ward 1 moderator Pat Chadwick, a 30-year-poll worker, said the day was one of the busiest she had seen. By 1 p.m., some 2,100 ballots had been fed into the locked ballot machine. Poll workers had already filled and sealed multiple boxes of completed ballots, emptying the machine to keep it from getting over-stuffed.
"We don't usually have to pull ballots this soon," she said." Parent
42 R
39 D
And the reverse in 2008 Parent
How about the Big 3 in an administration? State, Defense,and Attorney General.
I have no idea for any for Sanders because he's unconventional, yet would need to compromise and get mainstream folks in those positions.
Julian Castro's name had been bandied about for HRC, but I've also heard Mark Warners or John Hickenlooper. I doubt very seriously she would pick a woman.
Martin O"Malley may have damaged his standing with her, but I expect he'd end up in a Clinton administration. She could keep Loretta Lynch on as AG maybe, and maybe Wes Clark for Defense. State? Tough one. No idea.
Anyways, maybe this will be a little less anger inducing.
I don't see him as the type to want to go quietly into retirement, but I could be wrong. Parent
Born into money and married into even more. $150k is pocket change. Parent
Though I fear this could backfire and send lonely young fellas Clinton's way. Time and a place young Berners, time and a place;)
Mr. K. said he was married and Rubio's belief means that "we don't matter." Rubio, of course, repeated his "one man.." Mr. K was not having it, saying, well that's your belief. Rubio said he thinks that is what the law should be. And, if Mr. K did not agree , he should have the law changed by his legislature. Rubio was informed by Mr. K. that the law has been changed, The Supreme Court, and the NH legislature did the same.
Also, as campaigning in NH, a 92-old woman asked Rubio if Lindsey is gay. Rubio, said no. And, to Rubio's credit he showed no signs of panic, something his allies have said occurs when Rubio is placed under stress. The presidency is a good place for Rubio, no stress under pressure and no criticisms.
Probably more good news for Donald
TRUMP 26% KASICH 20% BUSH 16% CRUZ 13% RUBIO 10% CHRISTIE 7% FIORINA 4% CARSON 1%
DEMOCRATS:
SANDERS 56% CLINTON 43%
"... the Bureau has acknowledged generally that it is working on matters related to former Secretary Clinton's use of a private email server."
"Thus, while the FBI's response to you have changed to some degree due to these intervening events, we remain unable to provide the requested information without adversely affecting on-going law enforcement efforts."
Link to full letter.