Fentoine Lum
Verified User
He had to go, he had begun to question the military/industrial complex and the economic system.
I Miss Martin Luther King
- Thread starter PoliTalker
- Start date
He had to go, he had begun to question the military/industrial complex and the economic system.
PoliTalker
Diversity Makes Greatness
Hello DonaldvoTrumpovich,
I'm glad we agree on most of what I said, and thank you for saying so.
I'll try to explain why I believe capitalism itself is partly to blame. One of the things that puts very great stress on socially essential family values is overworked parents.
Since the poor are disproportionately black, that means attacking the poor often means attacking blacks.
Capitalism relentlessly reduces cost, eliminates jobs, reduces job benefits, squeezes people out of the middle class, adds to poverty, and increases demand for government assistance services, which causes them to become overwhelmed and spread thin, reducing what's available. This serves as an incentive for the poor to try to work their way out of poverty.
Good, right?
Many poor people take numerous jobs, working many hours at regular-time pay. Capitalism has effectively found an end-run around paying overtime. If everybody you hire is only part time, you simply get more workers to produce the same number of man-hours required to run the business. That way, even if somebody is called upon to work extra, few workers ever go over 40 hours to get paid 1.5X Overtime pay.
You know - like it used to be when America was 'great.' (Whenever that was.)
Nice deal for holders of capital, lousy deal for hard working poor blacks.
The social consequences of this improperly regulated relentless run-away capitalist race to the bottom, is that we now have parents working all waking hours possible, or commuting between multiple jobs in some beater car that gets poor mileage, trapped in a rut with insufficient time to dedicate to teaching their kids family values, no real way to pay off credit card debt, buy-here-pay-here auto debt, and forget saving anything for a down payment. These people are locked into a life of renting with no way to own a home, the primary vehicle for building wealth in middle class America.
Capitalism also constantly tells young girls they should become young mothers, as if that is natural and expected of everyone.
Capitalism also makes lots of money glorifying sex, violence and drug culture.
Capitalism has produced poor family values, and it has put a giant squeeze on poor blacks.
Poor black people were locked out of home ownership or wealth-building in the (red-lining) 50's, 60's, 70's and still on up to today.
From under-advantaged parents tend to come under-advantaged children. Generation after generation.
That is how capitalism is partly to blame for systemic racism. Capitalism continually puts the squeeze on society, and the poor feel it more than the rich.
Capitalism is a wonderful engine for creativity, no doubt. Very powerful engines need to be throttled so they don't run wide open and blow up. Socialism and government regulation are the throttle we need to properly control our capitalism so it does not eventually produce just two classes - the very rich, and those who just really don't have much at all.
Capitalism needs to be balanced with socialism. Our goal should be to get the proper blend of the two in order to avoid the very damaging wild market swings of unregulated pure capitalism, and also avoid the stagnating effect of pure socialism.
America was great for whites in the 50's when one worker could support a family with a stay-at-home mom, buy a new car every 3 years, take yearly family vacations, have health care, save for college, have a worker pension plan, and buy a home on a job that he works for one company his whole life for 30 years, and can then retire and live comfortably in the same lifestyle he had while working. Blacks pretty much couldn't do that.
Since then, Capitalism has put the squeeze on everybody and taken most of that away. Blacks never had a chance at it.
I'm glad we agree on most of what I said, and thank you for saying so.
I'll try to explain why I believe capitalism itself is partly to blame. One of the things that puts very great stress on socially essential family values is overworked parents.
Since the poor are disproportionately black, that means attacking the poor often means attacking blacks.
Capitalism relentlessly reduces cost, eliminates jobs, reduces job benefits, squeezes people out of the middle class, adds to poverty, and increases demand for government assistance services, which causes them to become overwhelmed and spread thin, reducing what's available. This serves as an incentive for the poor to try to work their way out of poverty.
Good, right?
Many poor people take numerous jobs, working many hours at regular-time pay. Capitalism has effectively found an end-run around paying overtime. If everybody you hire is only part time, you simply get more workers to produce the same number of man-hours required to run the business. That way, even if somebody is called upon to work extra, few workers ever go over 40 hours to get paid 1.5X Overtime pay.
You know - like it used to be when America was 'great.' (Whenever that was.)
Nice deal for holders of capital, lousy deal for hard working poor blacks.
The social consequences of this improperly regulated relentless run-away capitalist race to the bottom, is that we now have parents working all waking hours possible, or commuting between multiple jobs in some beater car that gets poor mileage, trapped in a rut with insufficient time to dedicate to teaching their kids family values, no real way to pay off credit card debt, buy-here-pay-here auto debt, and forget saving anything for a down payment. These people are locked into a life of renting with no way to own a home, the primary vehicle for building wealth in middle class America.
Capitalism also constantly tells young girls they should become young mothers, as if that is natural and expected of everyone.
Capitalism also makes lots of money glorifying sex, violence and drug culture.
Capitalism has produced poor family values, and it has put a giant squeeze on poor blacks.
Poor black people were locked out of home ownership or wealth-building in the (red-lining) 50's, 60's, 70's and still on up to today.
From under-advantaged parents tend to come under-advantaged children. Generation after generation.
That is how capitalism is partly to blame for systemic racism. Capitalism continually puts the squeeze on society, and the poor feel it more than the rich.
Capitalism is a wonderful engine for creativity, no doubt. Very powerful engines need to be throttled so they don't run wide open and blow up. Socialism and government regulation are the throttle we need to properly control our capitalism so it does not eventually produce just two classes - the very rich, and those who just really don't have much at all.
Capitalism needs to be balanced with socialism. Our goal should be to get the proper blend of the two in order to avoid the very damaging wild market swings of unregulated pure capitalism, and also avoid the stagnating effect of pure socialism.
America was great for whites in the 50's when one worker could support a family with a stay-at-home mom, buy a new car every 3 years, take yearly family vacations, have health care, save for college, have a worker pension plan, and buy a home on a job that he works for one company his whole life for 30 years, and can then retire and live comfortably in the same lifestyle he had while working. Blacks pretty much couldn't do that.
Since then, Capitalism has put the squeeze on everybody and taken most of that away. Blacks never had a chance at it.
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cawacko
Well-known member
Capitalism didn't do that, people did. It was laws created by legislators that allowed those actions to occur.
Joe Capitalist
Racism is a disease
Wow! So there's quite a bit more we disagree on (bolded above).
Where are you getting the following statements? These look more like your perspective and not rooted in fact.
Capitalism relentlessly reduces cost, eliminates jobs, reduces job benefits, squeezes people out of the middle class, adds to poverty, and increases demand for government assistance services, which causes them to become overwhelmed and spread thin, reducing what's available. This serves as an incentive for the poor to try to work their way out of poverty.
Squeezes people out of the middle class? adds to poverty? - Just the opposite.
Capitalism also constantly tells young girls they should become young mothers, as if that is natural and expected of everyone.
Huh? How is that so? Examples please.
Capitalism also makes lots of money glorifying sex, violence and drug culture.
Another Huh??? How do companies like Home Depot, Walt Disney, Proctor & Gamble, Walmart, Verizon glorify sex, violence, drugs? I think you're applying this to a small sample size of American companies and using a broad brush to describe capitalism.
Capitalism has produced poor family values, and it has put a giant squeeze on poor blacks.
Again, how has capitalism put a giant squeeze on poor blacks? And what's a "giant squeeze" anyway?
I'm just not getting where you're coming from. The thing that makes America great is our capitalist, free-market system. It's the best in the world and the envy of the rest of the world. Many middle class families have become wealthy from investing in capitalism. Yours truly is an example. You say capitalism needs to be balanced with socialism but I'm not sure I trust our government to do a good job of this. The bigger the government, the more inefficient, wasteful and corrupt it becomes and our Federal Government is the biggest bureaucracy in the history of the world. I don't trust it to do a good job on just about anything.
Sorry but I can't agree with much of what you've said above. I believe in capitalism. Sure, it's not perfect and does require some governmental oversight but it's the best economic system in the world and sure beats socialism.
PoliTalker
Diversity Makes Greatness
Hello DonaldvoTrumpovich,
You are absolutely correct that the opposite occurs. But it simply does not always occur. Over all, over time, the middle class is evaporating. Some are becoming rich, most are becoming poor. Most people don't understand how extreme wealth inequality currently is in the USA. This short video explains the difference between what people THINK wealth inequality is, and what it REALLY is. Bottom line - it's way more unequal than most people think:
Wealth Inequality in the USA
A regular barrage of advertisements and magazine articles aimed at young parenthood by corporations wishing to sell the products for parenting. I believe there is even a magazine of that exact name. Numerous TV shows depicting young families. Toys for young girls are themed as if it is expected of them to become mothers. The conditioning begins early. Young girls play with baby dolls, pretend to be like their mom, feeding baby, changing diapers, etc, as play. Capitalism is happy to make a buck supplying the toy baby dolls, etc.
Mostly they don't, aside from some clothing, movies and music that Walmart sells. And those were not the companies I had in mind. When we talk of capitalism we don't get to cherry-pick the most wholesome examples. Capitalism also includes Victoria's Secret, Girls Gone Wild, Las Vegas whores, Strip joints, Hiring a stripper for a bachelor's party, Sex Accessory Shops, peep shows, the porn industry, Nudie magazines, porn websites, Lap Dance bars, etc. Capitalism includes the thriving gun industry, Gansta Rap, Rambo etc, and music glorifying the drug culture. Look at the movie industry. Certainly, you must admit there are movies which do not promote family values...
Nope. Just being all inclusive of everything that makes up capitalism.
The squeeze would be the financial stress of being unable to earn enough to own a home despite working or commuting 50-60 hours per week.
No, that's only part of it. Our diversity of cultures, views, creativity and approaches to problem-solving are prominent factors in making America great. And despite the lofty sounding description, we cannot have a completely free-market system. There must be regulation to prevent the selfish and greedy from taking advantage of the unsuspecting.
We do have the largest economy. However there are nations which enjoy more freedom than we do, and there are populations which are happier than we are, healthier, live longer, have fewer shootings, etc. I do not agree we are the envy of the rest of the world. Certainly some, but not all.
It is true many become wealthy. And all too often the cost of that wealth is investing in things that extract wealth from the poor. A diversified portfolio would include many examples of wealth extraction from the poor. All it would have to have would be a big bank which strings the poor along with credit card debt. The capitalization for 'Buy-Here-Pay-Here' car lots is a huge wealth extractor, just like payday loan joints.
It doesn't matter whether you trust government or not. It's all we have to regulate our capitalism. If our self-made government is not serving us well then it is up to us to fix it. We have no other choice.
The thing is: we don't have to choose between capitalism and socialism. We already blend the two. The poor in the USA live by a higher standard that most of the rest of the world. Capitalism didn't do that. Socialism did. If we never instituted Social Security, Unemployment Compensation, Medicare, Medicaid, The New Deal, etc, our poor would live like rats in ramshackle shanties, smelly and begging on the streets. Capitalism failed to utilize that great potential of possible productivity and failed to provide adequate incomes or wealth for our poor. Government socialism stepped in where capitalism failed.
You say capitalism is not perfect, but what do you mean by that? I have tried to point out some of the ways it is not perfect, but you don't seem to want to admit there are any. Perhaps you could describe what *you* had in mind as an imperfection of capitalism. I think a huge example is right in our face with black poverty in the USA.
You are absolutely correct that the opposite occurs. But it simply does not always occur. Over all, over time, the middle class is evaporating. Some are becoming rich, most are becoming poor. Most people don't understand how extreme wealth inequality currently is in the USA. This short video explains the difference between what people THINK wealth inequality is, and what it REALLY is. Bottom line - it's way more unequal than most people think:
Wealth Inequality in the USA
A regular barrage of advertisements and magazine articles aimed at young parenthood by corporations wishing to sell the products for parenting. I believe there is even a magazine of that exact name. Numerous TV shows depicting young families. Toys for young girls are themed as if it is expected of them to become mothers. The conditioning begins early. Young girls play with baby dolls, pretend to be like their mom, feeding baby, changing diapers, etc, as play. Capitalism is happy to make a buck supplying the toy baby dolls, etc.
Mostly they don't, aside from some clothing, movies and music that Walmart sells. And those were not the companies I had in mind. When we talk of capitalism we don't get to cherry-pick the most wholesome examples. Capitalism also includes Victoria's Secret, Girls Gone Wild, Las Vegas whores, Strip joints, Hiring a stripper for a bachelor's party, Sex Accessory Shops, peep shows, the porn industry, Nudie magazines, porn websites, Lap Dance bars, etc. Capitalism includes the thriving gun industry, Gansta Rap, Rambo etc, and music glorifying the drug culture. Look at the movie industry. Certainly, you must admit there are movies which do not promote family values...
Nope. Just being all inclusive of everything that makes up capitalism.
The squeeze would be the financial stress of being unable to earn enough to own a home despite working or commuting 50-60 hours per week.
No, that's only part of it. Our diversity of cultures, views, creativity and approaches to problem-solving are prominent factors in making America great. And despite the lofty sounding description, we cannot have a completely free-market system. There must be regulation to prevent the selfish and greedy from taking advantage of the unsuspecting.
We do have the largest economy. However there are nations which enjoy more freedom than we do, and there are populations which are happier than we are, healthier, live longer, have fewer shootings, etc. I do not agree we are the envy of the rest of the world. Certainly some, but not all.
It is true many become wealthy. And all too often the cost of that wealth is investing in things that extract wealth from the poor. A diversified portfolio would include many examples of wealth extraction from the poor. All it would have to have would be a big bank which strings the poor along with credit card debt. The capitalization for 'Buy-Here-Pay-Here' car lots is a huge wealth extractor, just like payday loan joints.
It doesn't matter whether you trust government or not. It's all we have to regulate our capitalism. If our self-made government is not serving us well then it is up to us to fix it. We have no other choice.
The thing is: we don't have to choose between capitalism and socialism. We already blend the two. The poor in the USA live by a higher standard that most of the rest of the world. Capitalism didn't do that. Socialism did. If we never instituted Social Security, Unemployment Compensation, Medicare, Medicaid, The New Deal, etc, our poor would live like rats in ramshackle shanties, smelly and begging on the streets. Capitalism failed to utilize that great potential of possible productivity and failed to provide adequate incomes or wealth for our poor. Government socialism stepped in where capitalism failed.
You say capitalism is not perfect, but what do you mean by that? I have tried to point out some of the ways it is not perfect, but you don't seem to want to admit there are any. Perhaps you could describe what *you* had in mind as an imperfection of capitalism. I think a huge example is right in our face with black poverty in the USA.
PoliTalker
Diversity Makes Greatness
Hello Bigdog,
Class mobility is not always upward. Sadly, it is predominantly downward in the USA. And I believe there are just as many rich conservative snobs (just like our president,) if not more.
It makes no sense that those who have become rich through capitalism hate it. That is illogical.
Class mobility is not always upward. Sadly, it is predominantly downward in the USA. And I believe there are just as many rich conservative snobs (just like our president,) if not more.
It makes no sense that those who have become rich through capitalism hate it. That is illogical.
Airstrip One
Completely Effed
This one makes no sense.
Airstrip One
Completely Effed
Pretty sure the drama and conflict was all generated by the segregationists.
Bigdog
Harris - make America a 3rd world shithole
The generational welfare cycle of socialism ensures they stay at the bottom.
We see filthy rich libs, like the silicon valley and hollywood elite, constantly condemn capitalism. Now that they got theirs, they don't want the lower class people trying to join thier royal court.
Pres. Trump is hated by the Leftist elites because they perceive him to be low class. The Left has show their utter hatred for the lower and middle class, ... especially if they are white. It's a total "class" thing for the Left. Watch how often they use the term, .... how oftern they demonize poor whites.
PoliTalker
Diversity Makes Greatness
Hello Bigdog,
We agree on a few things, but mostly we disagree.
I must agree this effect exists. While some are able to escape this sad cycle, and the help provided by our government assistance programs made that possible for them, most are still unable to. And worse yet, the system encourages them to have more children. That's the part that makes no sense to me. How is that not like: feeding stray cats and not expecting more stray cats?
No, I don't see that. And seriously, even if you could provide an example or two, celebrities are hardly representative of all liberals. Sounds like a meaningless stereotype to me. Pointing out areas where we've gotten things wrong is not condemning capitalism. It is a necessary part of identifying areas which need improvement. Nothing says we have to choose between capitalism and socialism. We can have the best of both. And we deserve that.
I agree. That is going on. I personally disagree with hating anybody; but that, nor all the money in the world, does not make President Trump high class. He is pure no class.
No, I disagree with that. The left is more for the middle class and poor while the right favors the rich. I have heard it said (and it gives cause to wonder) that: 'If you make under a hundred thousand and you are voting Republican then you are a fool.' I don't know if I think that is an absolute, but it certainly speaks to a lot of people.
I think your perception of the left is incorrect. It is a popular one among Trump supporters, but plenty of things that get repeated often enough are widely believed, although simply not true.
The term 'class' is in the English language and it's how we refer to social or economic strata. It is used by by both sides of the political spectrum. The left talks about he plight of the middle class and the poor out of compassion and concern, but that doesn't mean the left is all about class. I disagree with that.
No, I don't see liberals demonizing poor whites. I see them supporting programs to help the poor regardless of race. I see them supporting raising taxes on the rich to pay for compassionate government-run social assistance programs. I see them supporting unions and the right for workers of all races to form and join unions to ensure worker rights.
The people I see demonizing the poor are conservatives who blame the poor for their own condition. I see conservatives saying the poor are lazy and unwilling to work, saying it is their own fault if they are poor in the 'land of opportunity.' How many times have we heard a conservative who worked their way up from nothing saying that if they could to it then anybody could? And that sounds so believable. Why can't anybody do it?
The answers are not simple; but they are there.
Nearly half the nation has virtually no savings. 40 million Americans struggle financially. Why are none of these people able to 'do it' like that conservative voice says anybody can? Nearly half the nation isn't rich. Far from it. That's 160 million answers that are there; and not so simple.
Is there laziness? Sure there is. Is that the only answer? No, not at all. Do millions of poor people work all day? Yes they do. Is it possible to work all day and remain poor? Happens every day.
Maybe some are not even trying to be rich because they don't see money as the end-all be-all of life. Maybe some people value families, together time, socialization and enjoying life more than being a workaholic and trying to post the biggest number for bank account balance bragging rights. Of all things imaginable, some people may have actually decided that there is more to life than working as much and hard as possible! I know this is a weakness in the relentless capitalistic competition for wealth, but at some point somebody is going to wonder just what all this wealth accumulation is good for, ya know?
If the human race is never to be allowed to stop and smell the roses, why should there be roses?
Just because some can work their way up from nothing and achieve great riches doesn't mean everyone can, nor does it mean they should even try or be required to. It's pretty hard to expect someone who had a bad childhood to understand the things people who had a good childhood understand. There is a big difference between beginning from a position of believing in oneself and being told as a child that one will never amount to anything - and believing it.
We agree on a few things, but mostly we disagree.
I must agree this effect exists. While some are able to escape this sad cycle, and the help provided by our government assistance programs made that possible for them, most are still unable to. And worse yet, the system encourages them to have more children. That's the part that makes no sense to me. How is that not like: feeding stray cats and not expecting more stray cats?
No, I don't see that. And seriously, even if you could provide an example or two, celebrities are hardly representative of all liberals. Sounds like a meaningless stereotype to me. Pointing out areas where we've gotten things wrong is not condemning capitalism. It is a necessary part of identifying areas which need improvement. Nothing says we have to choose between capitalism and socialism. We can have the best of both. And we deserve that.
I agree. That is going on. I personally disagree with hating anybody; but that, nor all the money in the world, does not make President Trump high class. He is pure no class.
No, I disagree with that. The left is more for the middle class and poor while the right favors the rich. I have heard it said (and it gives cause to wonder) that: 'If you make under a hundred thousand and you are voting Republican then you are a fool.' I don't know if I think that is an absolute, but it certainly speaks to a lot of people.
I think your perception of the left is incorrect. It is a popular one among Trump supporters, but plenty of things that get repeated often enough are widely believed, although simply not true.
The term 'class' is in the English language and it's how we refer to social or economic strata. It is used by by both sides of the political spectrum. The left talks about he plight of the middle class and the poor out of compassion and concern, but that doesn't mean the left is all about class. I disagree with that.
No, I don't see liberals demonizing poor whites. I see them supporting programs to help the poor regardless of race. I see them supporting raising taxes on the rich to pay for compassionate government-run social assistance programs. I see them supporting unions and the right for workers of all races to form and join unions to ensure worker rights.
The people I see demonizing the poor are conservatives who blame the poor for their own condition. I see conservatives saying the poor are lazy and unwilling to work, saying it is their own fault if they are poor in the 'land of opportunity.' How many times have we heard a conservative who worked their way up from nothing saying that if they could to it then anybody could? And that sounds so believable. Why can't anybody do it?
The answers are not simple; but they are there.
Nearly half the nation has virtually no savings. 40 million Americans struggle financially. Why are none of these people able to 'do it' like that conservative voice says anybody can? Nearly half the nation isn't rich. Far from it. That's 160 million answers that are there; and not so simple.
Is there laziness? Sure there is. Is that the only answer? No, not at all. Do millions of poor people work all day? Yes they do. Is it possible to work all day and remain poor? Happens every day.
Maybe some are not even trying to be rich because they don't see money as the end-all be-all of life. Maybe some people value families, together time, socialization and enjoying life more than being a workaholic and trying to post the biggest number for bank account balance bragging rights. Of all things imaginable, some people may have actually decided that there is more to life than working as much and hard as possible! I know this is a weakness in the relentless capitalistic competition for wealth, but at some point somebody is going to wonder just what all this wealth accumulation is good for, ya know?
If the human race is never to be allowed to stop and smell the roses, why should there be roses?
Just because some can work their way up from nothing and achieve great riches doesn't mean everyone can, nor does it mean they should even try or be required to. It's pretty hard to expect someone who had a bad childhood to understand the things people who had a good childhood understand. There is a big difference between beginning from a position of believing in oneself and being told as a child that one will never amount to anything - and believing it.
Bigdog
Harris - make America a 3rd world shithole
The majority of poor in the US are White, and the Left hates them with a passion.
And the Left pushes the meme that the majority of all white Americans are white supremacists.
If liberals had the compassion they claim ... we'd all be calling them Mother Theresa. They are just angry, stingy crooks and con artists.
You demean Donald as being lower than low class. Thanks for confirming the Left's class warfare to hold down the lower classes.
If wealth accumulation is worthless, why does Meryl Streep hoard $90 million.
Oprah had a horrible childhood ... she's now the richest woman in America. Richer than even Meryl Streep.
In the Santa Claus socialism you describe, you'd be a stupid chump if you worked a job.
And the Left pushes the meme that the majority of all white Americans are white supremacists.
If liberals had the compassion they claim ... we'd all be calling them Mother Theresa. They are just angry, stingy crooks and con artists.
You demean Donald as being lower than low class. Thanks for confirming the Left's class warfare to hold down the lower classes.
If wealth accumulation is worthless, why does Meryl Streep hoard $90 million.
Oprah had a horrible childhood ... she's now the richest woman in America. Richer than even Meryl Streep.
In the Santa Claus socialism you describe, you'd be a stupid chump if you worked a job.
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Joe Capitalist
Racism is a disease
You are making way too many assumptions with little proof. Regarding the negative influence of capitalism, I think you're really taking an extreme view. In fact, in may ways, you remind me of my parents in the 60s and what they were saying about Elvis Presley and The Beatles. They were appalled when they saw Elvis gyrate his hips and when they saw Mick Jagger singing "I just want to make love to you" on TV.
What would you prefer? The government making then decisions on what is "appropriate" to sell? I sure don't. I agree that there are some aspects of capitalism that need to be regulated. Look at Facebook as an example. Do you really think Mark Zuckerberg maliciously formatted Facebook to take advantage of people's privacy to improve his bottom line? I don't. I remember growing up in the 50s & 60s, there were kids toys that were outright dangerous. Cars didn't have seat belts, windshields weren't made of safety glass. Buildings didn't have proper fire safety measures. That's what I mean by capitalism isn't perfect.
Many changes have been made to make products safer. Not only from new regulations, but because consumers want safer products and the businesses that give customers what they want are the ones that succeed.
But like I said before, the government is the most bloated, inefficient, corrupt entity in the world. And it's only getting bigger. You can't rely on the government to fix everything wrong in America. It can't and in some ways only makes things worse. Look at Bush Jr's attempt to get low-income people to buy homes. He encouraged banks to give mortgages without a down-payment and millions of low-income people bought homes.
America stands for freedom. Americans have the freedom to be wealthy or poor. Freedom doesn't mean everyone should be middle class. It means some people are willing to work very hard to be successful and some aren't.
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PoliTalker
Diversity Makes Greatness
Hello DonaldvoTrumpovich,
I saw some numbers the other day on the news. The CFPB has returned something like hundreds of millions of dollars from big banks and other lenders to consumers.
That was under President Obama, and the brainchild of Senator Warren.
President Trump has killed that. He put the CFPB's most ardent enemy, someone beholden to big banks and lenders, Mick Mulvaney, in there as the acting director.
Do you know how many millions of dollars have been returned to consumers since that happened?
None.
Do you know how much the new government agency created under President Obama returned to consumers before Mulvaney took over? Do you have any idea how much money that was ripped off from every day people was actually returned to them by the CFPB before Trump's pick took over?
$12 Billion.
That's wealth extraction.
Helping big powerful corporations rip people off.
I saw some numbers the other day on the news. The CFPB has returned something like hundreds of millions of dollars from big banks and other lenders to consumers.
That was under President Obama, and the brainchild of Senator Warren.
President Trump has killed that. He put the CFPB's most ardent enemy, someone beholden to big banks and lenders, Mick Mulvaney, in there as the acting director.
Do you know how many millions of dollars have been returned to consumers since that happened?
None.
Do you know how much the new government agency created under President Obama returned to consumers before Mulvaney took over? Do you have any idea how much money that was ripped off from every day people was actually returned to them by the CFPB before Trump's pick took over?
$12 Billion.
That's wealth extraction.
Helping big powerful corporations rip people off.
Joe Capitalist
Racism is a disease
Okay, that's one example but again, small sample size and doesn't justify your comment "Helping big powerful corporations rip people off" because one example doesn't extrapolate to "big powerful corporations". Again, I worked for one of those "big powerful corporations" for 30 years and they treated me very well. In fact, with their generous, company matching 401k, I was able to end up with a very generous retirement account.
Look at the companies in the Dow 30 and S&P 500. Great companies like Walmart, Microsoft, Merck, Exxon/Mobile, Apple, Proctor & Gamble, Verizon. Millions of Americans invest in these companies and are rewarded with excellent stock returns and dividends. Another example of the power of free markets and capitalism.
You seem to have a deep-seated aversion to big corporations which has little merit. You continue to apply exceptions and anomalies of the corporate industry to the vast majority and that's the flaw in your argument.
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What killed him was the racists, and they still would. Give me Malcolm X, every time.
PoliTalker
Diversity Makes Greatness
Hello DonaldvoTrumpovich,
$12 billion returned to consumers by the CFPB, and you're saying this is an anamoly?
$12 billion is justification for the existence of the government agency which Trump has essentially shut down by installing as acting director, consumer's most ardent enemy.
Regulations are not being enforced.
Consumers are getting ripped off.
Some of those consumers are undoubtedly poor black people at payday loan joints and buy-here-pay-here car lots.
Ripping off poor people doesn't make America great.
$12 billion returned to consumers by the CFPB, and you're saying this is an anamoly?
$12 billion is justification for the existence of the government agency which Trump has essentially shut down by installing as acting director, consumer's most ardent enemy.
Regulations are not being enforced.
Consumers are getting ripped off.
Some of those consumers are undoubtedly poor black people at payday loan joints and buy-here-pay-here car lots.
Ripping off poor people doesn't make America great.
