Comments on: What’s Good for Goldman is Bad for the Nation http://dailyreckoning.com/whats-good-for-goldman-is-bad-for-the-nation/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sun, 21 Mar 2010 03:53:04 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Bors http://dailyreckoning.com/whats-good-for-goldman-is-bad-for-the-nation/#comment-16394 Bors Mon, 27 Jul 2009 15:30:37 +0000 http://dailyreckoning.com/?p=17394#comment-16394 Jimbo is correct. "by the people, for the people" is what we need to look at. Change will not come by thinking that we can elect someone to do our job. There will be no change until we change ourselves. Jimbo is correct. “by the people, for the people” is what we need to look at. Change will not come by thinking that we can elect someone to do our job. There will be no change until we change ourselves.

]]> By: Jimbo http://dailyreckoning.com/whats-good-for-goldman-is-bad-for-the-nation/#comment-16387 Jimbo Mon, 27 Jul 2009 14:14:25 +0000 http://dailyreckoning.com/?p=17394#comment-16387 Our greedy, liberal, wealthy aristocracy sold us out in the name of "Globalism"; lining pockets for their grandchildren, to soften the decades of no growth turmoil ahead, expecting them to lead us to the "Promised Land". Until we limit terms and get back to our founder's vision of government-"by the people, for the people" (not the few) we'll wallow in woulda, coulda and shoulda. Maybe Palin will lead by example-distancing herself from the media-driven moguls greed. Our greedy, liberal, wealthy aristocracy sold us out in the name of “Globalism”; lining pockets for their grandchildren, to soften the decades of no growth turmoil ahead, expecting them to lead us to the “Promised Land”. Until we limit terms and get back to our founder’s vision of government-”by the people, for the people” (not the few) we’ll wallow in woulda, coulda and shoulda. Maybe Palin will lead by example-distancing herself from the media-driven moguls greed.

]]> By: Ali http://dailyreckoning.com/whats-good-for-goldman-is-bad-for-the-nation/#comment-16332 Ali Sun, 26 Jul 2009 19:36:41 +0000 http://dailyreckoning.com/?p=17394#comment-16332 The fact is that our capitalist system and how the economy works is out of balance since early 70's . In other word the ugly shift from real & just economy "The producing capitalism" that was helping every body and made Amerca the dream land, to "the financial capitalism" which started with the closing of gold window at Nixon time.We'ev been living the bubbles since then that serve the Elite. The fact is that our capitalist system and how the economy works is out of balance since early 70’s . In other word the ugly shift from real & just economy “The producing capitalism” that was helping every body and made Amerca the dream land, to “the financial capitalism” which started with the closing of gold window at Nixon time.We’ev been living the bubbles since then that serve the Elite.

]]> By: Sparkie http://dailyreckoning.com/whats-good-for-goldman-is-bad-for-the-nation/#comment-16329 Sparkie Sun, 26 Jul 2009 19:07:04 +0000 http://dailyreckoning.com/?p=17394#comment-16329 Right on Simon!!! The latter days of Rome r upon us. Right on Simon!!! The latter days of Rome r upon us.

]]> By: JMR bayou bobby http://dailyreckoning.com/whats-good-for-goldman-is-bad-for-the-nation/#comment-16318 JMR bayou bobby Sun, 26 Jul 2009 15:54:52 +0000 http://dailyreckoning.com/?p=17394#comment-16318 re: summer in Vancouver--usually lasts about an hour and a half re: small business recovery--some sectors/regions will do better than others and at differing times re: economists--if you laid them all end to end, they wouldn't go anywhere re: summer in Vancouver–usually lasts about an hour and a half

re: small business recovery–some sectors/regions will do better than others and at differing times

re: economists–if you laid them all end to end, they wouldn’t go anywhere

]]> By: oldbill http://dailyreckoning.com/whats-good-for-goldman-is-bad-for-the-nation/#comment-16315 oldbill Sun, 26 Jul 2009 15:26:52 +0000 http://dailyreckoning.com/?p=17394#comment-16315 If Goldman had a decent yield of say 10% and a PE of 5, then it might be a good company to own. However, since it distritutes all its profits to its employees, why would anyone own the stock? We look forward to the day when these people are marched out in the steel bracelets to their just rewards. If Goldman had a decent yield of say 10% and a PE of 5, then it might be a good company to own. However, since it distritutes all its profits to its employees, why would anyone own the stock?
We look forward to the day when these people are marched out in the steel bracelets to their just rewards.

]]> By: Bob http://dailyreckoning.com/whats-good-for-goldman-is-bad-for-the-nation/#comment-16255 Bob Sun, 26 Jul 2009 01:10:29 +0000 http://dailyreckoning.com/?p=17394#comment-16255 Simon's last post is right on in all that he says. I would only add that governments now serve their clients: Multinationals, GATT, NAFTA, World Bank, IMF, WTO, etc. These guys are destroying the planet as well as corroding the quality of life worldwide. Americans naively go to the polls thinking their votes will change things, but votes cannot compete with the huge bribes (euphemistically called contributions) with which the big players buy off Congress and other world governments. Some of us do get it, Simon. Simon’s last post is right on in all that he says. I would only add that governments now serve their clients: Multinationals, GATT, NAFTA, World Bank, IMF, WTO, etc. These guys are destroying the planet as well as corroding the quality of life worldwide. Americans naively go to the polls thinking their votes will change things, but votes cannot compete with the huge bribes (euphemistically called contributions) with which the big players buy off Congress and other world governments. Some of us do get it, Simon.

]]> By: Simon http://dailyreckoning.com/whats-good-for-goldman-is-bad-for-the-nation/#comment-16250 Simon Sun, 26 Jul 2009 00:20:08 +0000 http://dailyreckoning.com/?p=17394#comment-16250 America had it all, and blew it. The rest of the world has little sympathy for you. You bullied or tortured those who don't agree with you, brought down democratically elected governments who were "against American interests", squandered more than your fair share of the world's resources and are the only nation to have annihilated a civilian population with nuclear weapons. You guys just don't get it: the world is sick of you. And this letter is from a "friend/ally" Imagine what your enemies think! America had it all, and blew it. The rest of the world has little sympathy for you. You bullied or tortured those who don’t agree with you, brought down democratically elected governments who were “against American interests”, squandered more than your fair share of the world’s resources and are the only nation to have annihilated a civilian population with nuclear weapons.
You guys just don’t get it: the world is sick of you.
And this letter is from a “friend/ally”
Imagine what your enemies think!

]]> By: Bob Burgess http://dailyreckoning.com/whats-good-for-goldman-is-bad-for-the-nation/#comment-16241 Bob Burgess Sat, 25 Jul 2009 22:35:23 +0000 http://dailyreckoning.com/?p=17394#comment-16241 Yes, we bounced back after the great depression, but America actually had a manufacturing base back then. Manufacturers produce things and create real wealth and jobs. High school grads could get good paying jobs back then. Today's manufacturing base is badly eroded. Multinationals sent 180,000 US jobs to Mexico—before NAFTA. We are in trubble, and if we are so is the world. I'm seventy years old, and I hate it for my grandchildren and even my adult children. PS: my thanks to Bonner, Kevin Phillips, David Korten, et. al., who bother to write and inform us (who read) as to what is going on; we'll never get it from the press. If they really did their jobs, they would not get invited to the table. Yes, we bounced back after the great depression, but America actually had a manufacturing base back then. Manufacturers produce things and create real wealth and jobs. High school grads could get good paying jobs back then. Today’s manufacturing base is badly eroded. Multinationals sent 180,000 US jobs to Mexico—before NAFTA. We are in trubble, and if we are so is the world. I’m seventy years old, and I hate it for my grandchildren and even my adult children.
PS: my thanks to Bonner, Kevin Phillips, David Korten, et. al., who bother to write and inform us (who read) as to what is going on; we’ll never get it from the press. If they really did their jobs, they would not get invited to the table.

]]> By: Tony Frank http://dailyreckoning.com/whats-good-for-goldman-is-bad-for-the-nation/#comment-16221 Tony Frank Sat, 25 Jul 2009 18:06:29 +0000 http://dailyreckoning.com/?p=17394#comment-16221 I believe we would all like to see a near-term recovery. However, the facts suggest otherwise. Of course, one can expect a "statistical uptick" for a couple of quarters. After that................ I believe we would all like to see a near-term recovery. However, the facts suggest otherwise. Of course, one can expect a “statistical uptick” for a couple of quarters. After that…………….

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