CIO Fox guest: "Great blessing" that old Americans can't afford to retire

[Southern Senator North Carolina Yankee]

I learned over a decade ago that the types of people who populate the Business channels and business websites, the kind of day trader, financial industry types are some of the most horrible people ever.

I recall reading an article from 2009 that claimed the recession was a good thing because it meant he could finally get decent service at the coffee shop since it was an employers market.

As the type of conservative that seeks to understand and prevent the kind of conditions that lead to the rise of people like Lenin, I must say this attitude makes me sick and is part of the reason I have been railing against Investor's Business Daily and Wall Street Journal even back in the days when I was a Romney supporter.

[Southern Senator North Carolina Yankee]

I learned over a decade ago that the types of people who populate the Business channels and business websites, the kind of day trader, financial industry types are some of the most horrible people ever.

I recall reading an article from 2009 that claimed the recession was a good thing because it meant he could finally get decent service at the coffee shop since it was an employers market.

As the type of conservative that seeks to understand and prevent the kind of conditions that lead to the rise of people like Lenin, I must say this attitude makes me sick and is part of the reason I have been railing against Investor's Business Daily and Wall Street Journal even back in the days when I was a Romney supporter.

Yeah, it's interesting (and/or concerning) that capitalism, or the business elite, or whatever, used to have the ability to adapt and constrain the most excessive edges of capitalism for the good of its own survival. I mean, the embedded liberal era is the most obvious example of this, where capitalism was able to reform itself, precisely to stave of the Communist thread.

Nowadays though, it seems to have lost its ability to do this, and desparately screams down even the most tepid attempts to reform or constrain it. This may be precisely because there isn't an equivalent of Soviet Russia looming in the background - but it doesn't seem too far fetched to feel that modern liberal capitalism's refusal to bend with the prevailing wind is going to contain the seeds of its own downfall.

Of course because something has to give. If people are suffering and the one in power refuses to budge, sooner or later something is going to break lose and is probably that guy's head when the revolution begins.

[Southern Senator North Carolina Yankee]

I learned over a decade ago that the types of people who populate the Business channels and business websites, the kind of day trader, financial industry types are some of the most horrible people ever.

I recall reading an article from 2009 that claimed the recession was a good thing because it meant he could finally get decent service at the coffee shop since it was an employers market.

As the type of conservative that seeks to understand and prevent the kind of conditions that lead to the rise of people like Lenin, I must say this attitude makes me sick and is part of the reason I have been railing against Investor's Business Daily and Wall Street Journal even back in the days when I was a Romney supporter.

Yeah, it's interesting (and/or concerning) that capitalism, or the business elite, or whatever, used to have the ability to adapt and constrain the most excessive edges of capitalism for the good of its own survival. I mean, the embedded liberal era is the most obvious example of this, where capitalism was able to reform itself, precisely to stave of the Communist thread.

Nowadays though, it seems to have lost its ability to do this, and desparately screams down even the most tepid attempts to reform or constrain it. This may be precisely because there isn't an equivalent of Soviet Russia looming in the background - but it doesn't seem too far fetched to feel that modern liberal capitalism's refusal to bend with the prevailing wind is going to contain the seeds of its own downfall.

Of course because something has to give. If people are suffering and the one in power refuses to budge, sooner or later something is going to break lose and is probably that guy's head when the revolution begins.

The GOP once understood this, and they governed accordingly.  They were a party that, on the local level, recognized that it took money investment to build and maintain a middle-class society.  That's what the suburban GOP in the Northeast and California was about; it's about what the GOP in much of the Midwest was about. 

One reason I voted for Trump was that he appeared to be the kind of Republican that understood this.  One of my disappointments with Trump is that he's governed in alliance with Republicans who don't understand this, or who don't care.

Yea, they just want to abolish the gov't now it seems except for DoD.

[Southern Senator North Carolina Yankee]

If any good has come from Trump's election, it's that Republicans are no longer, in any way, hiding what sort of awful people they are.

As I said in my post, the same sentiments were being expressed in articles featured on Yahoo Finance in 2009.