Isolate those who separate us, and give us our giant ass tax cut, Trumpy!

From CNBC here:

Goldman Sachs CEO Blankfein: ‘Isolate those who try to separate us’

This from a billionaire bank honcho who has spent his life separating people from their money and whose colleague Mr. Steve Mnuchin has made a vast fortune separating Americans from their homes!

This is one of the main benefits of identity politics.  It gives financial predators like Blankfein the opportunity to look reasonable while taking extremely important economic issues off the table.

Just as the Nazis in Germany rose during a time of economic hardship wouldn’t it be fair to give Mr. Blankfein a small piece of karma pie for helping to create the economic conditions that make it easier to draw dissatisfied Americans into racist groups?

I think so.

Lest all the bitching be ’bout workers!

From Slate here:

When you operate in a market, you have to keep raising your price until someone is willing to accept your bid. But for the last several years, American employers have steadfastly refused to raise wages. And now their stinginess is catching up with them. In many instances, employers simply aren’t offering sufficient incentives for people to apply for their jobs, show up to interviews, accept their offers, or show up to work. Some number of people would prefer the low level of income they have, or no income at all, to doing the work on offer at the wages listed. As Minneapolis Fed President Neel Kashkari told a group of businesspeople earlier this week, “If you’re not raising wages, then it just sounds like whining.”

I guess the laws of supply and demand don’t apply to wages.  What a shock especially when large American corporate executives get paid out the ass.

Pay as I want not as I get paid!

Wall Street trolls for deep sea suckers to fleece!

From CNBC here:

The stock market “has an awful good gig going,” with the economic recovery reaching all corners of the globe and U.S. inflation and interest rates still at historic lows, Leuthold Chief Investment Strategist Jim Paulsen told CNBC on Friday.

“We’ve got a fully employed economy, rising real wages. We restarted the corporate earnings cycle. We’ve got strong confidence among business and consumers,” he said on “Squawk Box.”

“The kick is we can do all of this without aggravating inflation and interest rates,” he said. “If that’s going to continue, I think the bull market could continue to forever.”

Most Americans know very little about the inner workings of the stock market.  Most Americans would like to make money in the stock market — as in putting money into the market and making money without slinging hamburgers or installing plumbing.  It’s less work.

So when a market insider goes on the tv and starts talking about the bull market going forever (which is possible but extremely low probability) it is the equivalent of a giant fish hook cruising around the ocean for fish with cash.

If one were to start talking realistically about how financial bubbles form and get huge statements like the one above would have to be at the core of that conversation.

Put your money in the stock market as it’s going to go up forever.

And nobody is ever going to get sick and die.

And they lived happily ever after.

Why is cost of healthcare never discussed??

From CNBC here:

The Aetna CEO also fired back at those who say going to a single-payer system is a solution, which he said has failed in Vermont and Colorado.

“If we had the time, I’d take you through the logic of why single-payer, ill-defined, doesn’t generate any savings for the American public,” Bertolini said.

“There are no single-payer systems in the version that we think we want to create in this country. … We need to talk about the costs of health care, and getting those costs under control, and that doesn’t happen by changing who pays the bills.

Damned skippy.


Why people not Dem politicians resist Trump

From an excellent interview with David Sirota here:

…there is this constant search by Democratic operatives and pundits and politicians to try to find on the Venn diagram, some middle ground. “Where can we satisfy the public and also appease our donors?” That crossover in the Venn diagram is getting narrower and narrower because what the public wants is becoming in direct opposition to what the donor class wants.

Very few Democratic politicians will acknowledge that the failures of Obamacare largely revolve around trying to give Americans health care and maintaining healthcare company profits at the same time.

That idea is baked into Obamacare and forms the core of why so many Democratic politicians don’t want single payer — it greatly reduces profits at insurance companies, hospitals, and pharmaceutical companies.

It is this balancing act between people and donors that currently has the Democratic party in the toilet.


NFL owners make Kaepernick’s point — shit is mad racist in America!

From the Guardian here:

It’s doubtful (NFL OWNER – MY ADD) Bisciotti objects to Kaepernick as a player: the quarterback led San Francisco to Super Bowl XLVII, and threw 16 touchdowns with four interceptions in 12 games for the 49ers last season – a far better ratio than many starting quarterbacks in the league.

But his refusal to stand for the national anthem in protest against police brutality and racial injustice became a far bigger story than his on-field performance, and he was accused by some NFL fans of being unpatriotic and disrespectful to the military. Baltimore, close to the United States naval academy in Annapolis, has ties to the military.