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

[Fuzzy Bear]

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.

[Fuzzy Bear]

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.

Kind of funny this topic has come up.  My wife and I were talking about working while collecting Social Security, should we wait until age 70 (she's 64, I'm 62) or begin collecting at age 66, when we can still work full time.  I guess we're living the dream too, lol.

[Fuzzy Bear]

The Red Avatars here amaze me:

You’re either extraordinarily gullible, or a truly horrendous judge of political acumen.

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.

Next time I see the 85 year old Walmart greeter (usually seen leaning on a shopping cart), I’ll be sure to congratulate them.

Isn't this Fox's main demographic that's being condescended to here? The right really doesn't give a f*** about anything, do they? And naturally they won't suffer for this as the 65+ crowd will continue to watch.

"Hannity’s right, Hillary Clinton and the brown horde of wetbacks are the reason I lost my home back in ‘09."

I mean, here I am, an independent voter that's a registered Republican who's voted for Democrats up and down the ballot as recently as 2018, and has not yet said that he's voting for Trump, yet all of the left can't wait to insult me, and insult people like me, as opposed to convincing me that they're right.  And while they will likely not convince me that their worldview is right, they MAY well convince me that voting for a Democratic Presidential nominee over Donald Trump is in my best interest and in the best interest of the country, given that my vote for President is a binary choice between two candidates and not an endorsement of a particular worldview.

[Fuzzy Bear]

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 fault is with people with great power and no moral compass, the sorts who believe that all goes well when the economic elites get whatever they want.

Capitalism avoided falling to proletarian revolution because the owners and managers recognized the need for workers to have a stake in the system. The Soviet Union was a warning to either create a consumer economy that encompasses the proletariat or to establish fascist terror. There seems to be no middle ground.

Today the increase in consumption is that people now pay more for what they get -- higher rents, higher commute costs, and questionable financial services. Goods and services become raw deals and outright rip-offs.

Part of the reason for retirement at 65 was that at the least in mining and industry, elderly workers were dying in great numbers on the job due to heart attacks and industrial accidents. Someone senile working in a steel mill might easily wander into the path of or into a vat of molten metal.  Maybe that is not so much a danger with someone doing a job as a checker-cashier... but still...

American capitalism has lost its humane virtues.
   

Very true here.

The Republican Party that built America's postwar suburbs understood this.  THAT Republican Party disappeared when we needed it the most.