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	<title>Comments on: We’ve Been Duped By Wall Street; It’s Time To Fight Back</title>
	<atom:link href="http://www.powermax.com/articles/2009/04/we%e2%80%99ve-been-duped-by-wall-street-it%e2%80%99s-time-to-fight-back/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.powermax.com/articles/2009/04/we%e2%80%99ve-been-duped-by-wall-street-it%e2%80%99s-time-to-fight-back/</link>
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		<title>By: Aikanae</title>
		<link>http://www.powermax.com/articles/2009/04/we%e2%80%99ve-been-duped-by-wall-street-it%e2%80%99s-time-to-fight-back/comment-page-1/#comment-790</link>
		<dc:creator>Aikanae</dc:creator>
		<pubDate>Sat, 11 Jul 2009 01:36:07 +0000</pubDate>
		<guid isPermaLink="false">http://beta.powermax.com/articles/?p=500#comment-790</guid>
		<description>Very good article, particularly pointing out how much of the American wealth this past decade has resulted from non-producing activities - sort of like taking out bigger and bigger second and third mortgages because real estate prices were going up. Only to have professional financial managers investing and insuring products that no one understood and no one was regulating.

And here we go again, with the health care debate. It would be convenient to require private health care insurers to make sure everyone in the US was covered because &quot;government is so bad, bloated and can&#039;t do anything right&quot;. People are being convinced it&#039;s better to spend 3x&#039;s more in the form of premiums than to spend less through taxes of any kind. And of course, this universal requirement comes at a time when private health care insurers have lost a huge market share because people can&#039;t afford or don&#039;t find good value in the product offered. 

The Orwellen phrase is &quot;preserving free market choices&quot;. Huh? Free market doesn&#039;t have anything to do with a &#039;guaranteeing there is a market&#039; any more than the 2003 tax credit of $30k to buy SUV&#039;s and Hummers guaranteed GM would make smaller cars or TARP would be used to ease credit.

Yet just as all these things demonstrate that industry driven policies do not work and are not &quot;capitalism&quot;, it&#039;s the healthcare debate that painfully displays just how little say voters have in Congress. There has been no voice of the public invited. 

In 93, Wm Kristol published a memo to Republican&#039;s admitting 79% wanted a &quot;public run&quot; healthcare system like Medicare. At the time, Kristol advised not to get in debates about the merit of such a system because that would only lead to concessions and compromise when the whole idea needed to be erased. Catch-all phrases were to be used instead; rationing, socialized, free-market, class-war, ... 

There was no remorse about not representing voters. The reason used for needing to quell any suggestion of healthcare reform was the allegiance to Republican ideology and not allow Democrats to be seen as &quot;protectors&quot;.

Little has changed since then except the development of a small group of Democrats known as &quot;Blue Dogs&quot; that have taken the Republican ideology in sheep&#039;s clothing. I know I was mislead by them. They also don&#039;t believe voters have the ability to self-govern.

You state that this is not political warfare, yet these powerhouses have eliminated any say-so by voters in major policy issues. This is reflected in media that finds the latest celebrity news (&quot;good news&quot;) more important than asking questions and print press releases verbatim. Then complain that they are loosing viewers and readers. At no time do they look for clues with the way they are doing business. At no time do they think that laying off 75% of investigative reporting staff might have been the wrong answer.

The markets are not self-regulating. The fact that people are not buying product anymore does not lead to introspection on the part of mega-corporations anymore. What it leads to are more lucrative lobbying measures and contracts such as Walmart getting FEMA&#039;s only contract. 

Lobbying for regulated market share or capital using Congress is far more productive than any advertising or PR campaign. Visa has been willing to block some legal retail purchases, effectively killing companies that &quot;gave the customer what they wanted&quot; 

Just as software start-ups can be killed in deep pocket nonsense lawsuits and devices are intentionally disabled from fully functioning - very anti-capitalistic in theory.

Consumers voting with purchasing power can&#039;t keep up with how fast corporations are finding ways to eliminating consumers from having choices - including access to information and voting. Unless there is a much larger action from the grass roots level, we might as well kiss Bill Kristol&#039;s ass.</description>
		<content:encoded><![CDATA[<p>Very good article, particularly pointing out how much of the American wealth this past decade has resulted from non-producing activities &#8211; sort of like taking out bigger and bigger second and third mortgages because real estate prices were going up. Only to have professional financial managers investing and insuring products that no one understood and no one was regulating.</p>
<p>And here we go again, with the health care debate. It would be convenient to require private health care insurers to make sure everyone in the US was covered because &#8220;government is so bad, bloated and can&#8217;t do anything right&#8221;. People are being convinced it&#8217;s better to spend 3x&#8217;s more in the form of premiums than to spend less through taxes of any kind. And of course, this universal requirement comes at a time when private health care insurers have lost a huge market share because people can&#8217;t afford or don&#8217;t find good value in the product offered. </p>
<p>The Orwellen phrase is &#8220;preserving free market choices&#8221;. Huh? Free market doesn&#8217;t have anything to do with a &#8216;guaranteeing there is a market&#8217; any more than the 2003 tax credit of $30k to buy SUV&#8217;s and Hummers guaranteed GM would make smaller cars or TARP would be used to ease credit.</p>
<p>Yet just as all these things demonstrate that industry driven policies do not work and are not &#8220;capitalism&#8221;, it&#8217;s the healthcare debate that painfully displays just how little say voters have in Congress. There has been no voice of the public invited. </p>
<p>In 93, Wm Kristol published a memo to Republican&#8217;s admitting 79% wanted a &#8220;public run&#8221; healthcare system like Medicare. At the time, Kristol advised not to get in debates about the merit of such a system because that would only lead to concessions and compromise when the whole idea needed to be erased. Catch-all phrases were to be used instead; rationing, socialized, free-market, class-war, &#8230; </p>
<p>There was no remorse about not representing voters. The reason used for needing to quell any suggestion of healthcare reform was the allegiance to Republican ideology and not allow Democrats to be seen as &#8220;protectors&#8221;.</p>
<p>Little has changed since then except the development of a small group of Democrats known as &#8220;Blue Dogs&#8221; that have taken the Republican ideology in sheep&#8217;s clothing. I know I was mislead by them. They also don&#8217;t believe voters have the ability to self-govern.</p>
<p>You state that this is not political warfare, yet these powerhouses have eliminated any say-so by voters in major policy issues. This is reflected in media that finds the latest celebrity news (&#8220;good news&#8221;) more important than asking questions and print press releases verbatim. Then complain that they are loosing viewers and readers. At no time do they look for clues with the way they are doing business. At no time do they think that laying off 75% of investigative reporting staff might have been the wrong answer.</p>
<p>The markets are not self-regulating. The fact that people are not buying product anymore does not lead to introspection on the part of mega-corporations anymore. What it leads to are more lucrative lobbying measures and contracts such as Walmart getting FEMA&#8217;s only contract. </p>
<p>Lobbying for regulated market share or capital using Congress is far more productive than any advertising or PR campaign. Visa has been willing to block some legal retail purchases, effectively killing companies that &#8220;gave the customer what they wanted&#8221; </p>
<p>Just as software start-ups can be killed in deep pocket nonsense lawsuits and devices are intentionally disabled from fully functioning &#8211; very anti-capitalistic in theory.</p>
<p>Consumers voting with purchasing power can&#8217;t keep up with how fast corporations are finding ways to eliminating consumers from having choices &#8211; including access to information and voting. Unless there is a much larger action from the grass roots level, we might as well kiss Bill Kristol&#8217;s ass.</p>
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		<title>By: Frank Peters</title>
		<link>http://www.powermax.com/articles/2009/04/we%e2%80%99ve-been-duped-by-wall-street-it%e2%80%99s-time-to-fight-back/comment-page-1/#comment-673</link>
		<dc:creator>Frank Peters</dc:creator>
		<pubDate>Wed, 06 May 2009 15:28:25 +0000</pubDate>
		<guid isPermaLink="false">http://beta.powermax.com/articles/?p=500#comment-673</guid>
		<description>I just read a report that shows the US with 20.2 square feet of retail per person... as opposed to 2.3 for Sweden, 2.5 for the UK, 2.3 for France, and 1.1 for Italy. And we have a lot more population than those countries. I mean, my word, Americans need to wake up and stop supporting the huge corporations that are shoving ten times the amount of stuff that we need down our throats! The bottom line is that there are multiple reasons not to support big corporations. One of them is illustrated here, with PowerMax willing to state opinions right on their website. Whether you agree with them or not, it&#039;s a heckuva lot better than the vanilla pudding you get from the big corporations...</description>
		<content:encoded><![CDATA[<p>I just read a report that shows the US with 20.2 square feet of retail per person&#8230; as opposed to 2.3 for Sweden, 2.5 for the UK, 2.3 for France, and 1.1 for Italy. And we have a lot more population than those countries. I mean, my word, Americans need to wake up and stop supporting the huge corporations that are shoving ten times the amount of stuff that we need down our throats! The bottom line is that there are multiple reasons not to support big corporations. One of them is illustrated here, with PowerMax willing to state opinions right on their website. Whether you agree with them or not, it&#8217;s a heckuva lot better than the vanilla pudding you get from the big corporations&#8230;</p>
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		<title>By: CARL WILSON</title>
		<link>http://www.powermax.com/articles/2009/04/we%e2%80%99ve-been-duped-by-wall-street-it%e2%80%99s-time-to-fight-back/comment-page-1/#comment-651</link>
		<dc:creator>CARL WILSON</dc:creator>
		<pubDate>Mon, 20 Apr 2009 21:00:40 +0000</pubDate>
		<guid isPermaLink="false">http://beta.powermax.com/articles/?p=500#comment-651</guid>
		<description>YOUR ARTICLE IS GOOD  BUT DOESN&#039;T HIT ON THE CRA&#039;S THAT WERE FORCED DOWN BANKS AND FANNIE MAE AND FREDDIE MAC THROATS - THOSE WHO TOOK LOANS BASED ON FALSE INFORMATION GIVEN AND SIGNED FOR BY THOSE WHO LIED ON THEIR APPLICATIONS ARE NOT BEING CHARGED - MY NET WORTH WAS CUT DUE TO THIS  AND CAUSED THE FINANCIAL FREEFALL  SO WHY SHOULD I HAVE CONFIDENCE IN ANY PART OF THE GOVERNMENT AND SPEND MY MONEY AT THIS POINT? TRUST IS A WORD YOU CAN&#039;T USE WITH THE CURRENT ADMINISTRATION WHEN THEY ARE SPENDING OUR FUTURE AND RAISING TAXES TO GET THEM OUT OF A HOLE THEY CREATED. AMERICA WILL CONTINUE TO FAIL DUE THE LACK OF LEADERSHIP FROM THIS &quot;CHANGE&quot;  AND I AS A FEDERALIST CONSERVATIVE REFUSES TO BACK THE IDIOTS THAT HAVE BEEN PLACED AT THE HELM - THE SHIP IS SINKING  AND OBAMA IS DRILLING MORE HOLES INTO IT TO GET IT TO SINK FASTER - DIVIDING AMERICANS BY THEIR BELIEFS IS NOTHING BUT A TACTIC TO DESTROY AMERICA - OBAMA IS NO UNITIER  BUT SIMPLY A DIVIDER AND WILL SPLIT AMERICA TO A POINT OF ITS FAILURE - I AM WAITING FOR THE FALLOUT  AND I BET IT WON&#039;T BE GOOD - OBAMA IS BAD FOR SMALL BUSINESS  AND IS BAD FOR BUSINESS AS A WHOLE - SUPPORT TEA PARTIES REGARDLESS OF YOUR PARTY IF YOU WANT AMERICA BACK TO PROSPERITY</description>
		<content:encoded><![CDATA[<p>YOUR ARTICLE IS GOOD  BUT DOESN&#8217;T HIT ON THE CRA&#8217;S THAT WERE FORCED DOWN BANKS AND FANNIE MAE AND FREDDIE MAC THROATS &#8211; THOSE WHO TOOK LOANS BASED ON FALSE INFORMATION GIVEN AND SIGNED FOR BY THOSE WHO LIED ON THEIR APPLICATIONS ARE NOT BEING CHARGED &#8211; MY NET WORTH WAS CUT DUE TO THIS  AND CAUSED THE FINANCIAL FREEFALL  SO WHY SHOULD I HAVE CONFIDENCE IN ANY PART OF THE GOVERNMENT AND SPEND MY MONEY AT THIS POINT? TRUST IS A WORD YOU CAN&#8217;T USE WITH THE CURRENT ADMINISTRATION WHEN THEY ARE SPENDING OUR FUTURE AND RAISING TAXES TO GET THEM OUT OF A HOLE THEY CREATED. AMERICA WILL CONTINUE TO FAIL DUE THE LACK OF LEADERSHIP FROM THIS &#8220;CHANGE&#8221;  AND I AS A FEDERALIST CONSERVATIVE REFUSES TO BACK THE IDIOTS THAT HAVE BEEN PLACED AT THE HELM &#8211; THE SHIP IS SINKING  AND OBAMA IS DRILLING MORE HOLES INTO IT TO GET IT TO SINK FASTER &#8211; DIVIDING AMERICANS BY THEIR BELIEFS IS NOTHING BUT A TACTIC TO DESTROY AMERICA &#8211; OBAMA IS NO UNITIER  BUT SIMPLY A DIVIDER AND WILL SPLIT AMERICA TO A POINT OF ITS FAILURE &#8211; I AM WAITING FOR THE FALLOUT  AND I BET IT WON&#8217;T BE GOOD &#8211; OBAMA IS BAD FOR SMALL BUSINESS  AND IS BAD FOR BUSINESS AS A WHOLE &#8211; SUPPORT TEA PARTIES REGARDLESS OF YOUR PARTY IF YOU WANT AMERICA BACK TO PROSPERITY</p>
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		<title>By: Jeff Starkman</title>
		<link>http://www.powermax.com/articles/2009/04/we%e2%80%99ve-been-duped-by-wall-street-it%e2%80%99s-time-to-fight-back/comment-page-1/#comment-650</link>
		<dc:creator>Jeff Starkman</dc:creator>
		<pubDate>Fri, 17 Apr 2009 17:01:25 +0000</pubDate>
		<guid isPermaLink="false">http://beta.powermax.com/articles/?p=500#comment-650</guid>
		<description>Great article! May I suggest to you a look at an organization called the Foundation for Economic Education---a non-profit with a great publication (monthly) supporting many of your excellent points, cheap and endorsed by hundreds of leading economists here and abroad!</description>
		<content:encoded><![CDATA[<p>Great article! May I suggest to you a look at an organization called the Foundation for Economic Education&#8212;a non-profit with a great publication (monthly) supporting many of your excellent points, cheap and endorsed by hundreds of leading economists here and abroad!</p>
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