Reminder that the 2008 bank bailouts were the largest transfer of wealth from the poor to the rich in history

Reminder that the 2008 bank bailouts were the largest transfer of wealth from the poor to the rich in history.

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Good to know. The point being?


b-but the tea party told me that bailouts are socialism

Forgot to put liberal hate general in title.

2008 should've been the moment

if it makes you feel any better the next recession is supposed to happen sometime over the next few years according to Wolff.

Not unless America starts another war and gets that rate of profit back up.

that's going to be much more difficult for the US ever since Oppenheimer's "gambit"

What is this?

I was thinking the other day about about what would have happened differently if, somehow, Trump was President at the time instead of Obama. It's an interesting thought experiment!

Why would anything be different? What rock have you been living under where you still think the government has any control over capitalists?

Liberals would have been screaming bloody murder over the bailout if Trump had been the one doing it.

It wouldn't have been different, but this dichotomy isn't correct. The government was helpless to resist the will of a bunch of oligarchs who were, for a brief moment in 2008, totally broke and powerless.

you know what I mean

Yeah. I you're right, I know what you mean.

guy who made the nuclear bomb
a device, action, or opening remark, typically one entailing a degree of risk, that is calculated to gain an advantage.

Speaking of Wolff, new Global Capitalism posted today

These oligarchs have always been "totally broke and powerless" though. They always need the backing of the government to justify theft of public resources. Without the facade of democracy you risk public backlash and constant rebellion since people have wised up to blatant unapologetic tyranny. The "bailout" was pretty much a ploy to lower standards of living for the masses and at the same time try to reinforce the idea that without capitalists the world does not run.

And Bank of America, Goldman-Sachs, and HSBC, who warned another recession "within the next year" last October.

Someone on the BBC business thing was predicting a recession within a year.
Feeling pretty giddy at the prospect.

New Zealand, Australia and Canada all have housing bubbles scheduled to pop iirc.

Daily reminder that in 2008 SOCIALISM saved capitalism from total and utter collapse through out the western world. That's how retarded capitalism is folks.

Good thing /ourguy/ Obama was in the white house for 8 years! America needs strong and compassionate leadership unlike our current bigoted administration and president who doesn't respect the office of Presidency. Hats off to you Obama, sincerely, from us here at Holla Forums, we wouldn't have been able to accomplish what we have without you and your brilliant leadership skills and love of country and TRUE American values of tolerance, respect, and LOVE.

Massive respect and keep on rocking the free world Barack, and shout out to the whole Obama fam. Enjoy your years of good karma and awesome times now that you're out of office, you and Michelle deserve it!

- sincerely, a proud American and commited lefty.

Fuck off borgie liberal, back to >>>Holla Forums with that false flaging.
Burn the rich starting with you, class war now.

Don't forget RACIST!!!!