General Discussion

Turbineguy

(39,920 posts)

1. It could be that the 1 percent

Mon Feb 17, 2014, 06:08 AM

Feb 2014

used to be industrialists, people who created wealth and employed large numbers of people. Now the 1 percent are financial types who rig the system and loot wealth.

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Larry Summers: The US is becoming a 'Downton Abbey' economy [View all] Redfairen Feb 2014 OP

It could be that the 1 percent Turbineguy Feb 2014 #1

You have accurately diagnosed the problem. Enthusiast Feb 2014 #3

Hear, Here! 2banon Feb 2014 #23

+10000 JDPriestly Feb 2014 #41

Nah, the 1% were robber barons who Progressive dog Feb 2014 #6

Uhhh..... Squinch Feb 2014 #30

+2 Octafish Feb 2014 #11

And hide all their money in the Cayman Islands. Auntie Bush Feb 2014 #18

This is exactly true shenmue Feb 2014 #27

Well, Larry, I guess you shouldn't have been such a cheerleader for Gramm-Leach-Bliley Enthusiast Feb 2014 #2

+ swilton Feb 2014 #17

took the words right out of my mouth! n/t 2banon Feb 2014 #24

^^^THIS^^^ valerief Feb 2014 #25

Winner FreakinDJ Feb 2014 #32

+! nt adirondacker Feb 2014 #33

And, like OJ, Larry won't rest until MannyGoldstein Feb 2014 #4

Larry Summers LOL KG Feb 2014 #5

Stop Bragging About YOUR Success, Larry Demeter Feb 2014 #7

^^^^This. Nice of Summers to notice. After he put it in place. Squinch Feb 2014 #31

think maybe he sees the writing on the wall, Volaris Feb 2014 #43

. . . said Larry "Grantham" Summers hatrack Feb 2014 #8

Much thanks to you and yer buddies ...fucking rich ass greedy pig! L0oniX Feb 2014 #9

He doesn't watch Downton Abbey treestar Feb 2014 #10

Yes! Exactly what I was thinking. If Summers were watching and paying attention to "Downton maddiemom Feb 2014 #49

Inspector Renault is shocked--shocked!-- QC Feb 2014 #12

In other news: Cancer now self-diagnosing! 4_TN_TITANS Feb 2014 #13

I can't stand him, but overall, he nails the problem. BUT, closeupready Feb 2014 #14

oh, isn't he just so cute... magical thyme Feb 2014 #15

What a schmuck Oilwellian Feb 2014 #16

wait.... wait... Locrian Feb 2014 #19

So Larry "what would Goldman think" Summers solution is tax reform? pa28 Feb 2014 #20

Damnit, pay them enough so they look presentable when they bring me dinner jsr Feb 2014 #21

Really Larry? progressoid Feb 2014 #22

Oh. Look. The guy who helped cause it noticed. Octafish Feb 2014 #26

Really, Larry? And how do you suppose that happened? The Velveteen Ocelot Feb 2014 #28

And the Biggest Balls Award goes to......... nt Guy Whitey Corngood Feb 2014 #29

Larry Summer talking about income inequality... LittleBlue Feb 2014 #34

that's why the show's so popular: we're preparing ourselves! MisterP Feb 2014 #35

The arsonist is yelling fire? Armstead Feb 2014 #36

I imagine that many do, to divert suspicion. merrily Feb 2014 #54

I Had To Do A Double Take colsohlibgal Feb 2014 #37

Larry Summers giving us financial advice makes me feel like we children being groomed jtuck004 Feb 2014 #38

Oh the irony TomClash Feb 2014 #39

Larry Summers is finally catching on. This happened on his watch. But he doesn't mention that JDPriestly Feb 2014 #40

no, he is not "catching on" Skittles Feb 2014 #52

Next: Dick Cheney calls American military adventurism destructive, costly IDemo Feb 2014 #42

Without attaching blame to himself jsr Feb 2014 #44

Holding my breath until Larry takes on his own share of the blame... Roland99 Feb 2014 #45

Hey there Roland Demeter Feb 2014 #46

Hiya back! Roland99 Feb 2014 #50

As well as can be, I suppose Demeter Feb 2014 #51

The OP's sentiment is good concerning economics defacto7 Feb 2014 #47

Coming from the sexist neolib elitist? Take a look in the mirror. nt alp227 Feb 2014 #48

Yes, Larry. So, where's your humble apology? merrily Feb 2014 #53

Oh, and HE did it DiverDave Feb 2014 #55

Larry Fucking Summers? How precious is that. Autumn Feb 2014 #56

Now that IS rich coming from Summers! n/t markpkessinger Feb 2014 #57

I really hope Larry Summers reads this thread (n/t) bread_and_roses Feb 2014 #58