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magical thyme

(14,881 posts)
15. oh, isn't he just so cute...
Mon Feb 17, 2014, 12:14 PM
Feb 2014

So 'everyday people' he watches Downton Abby just like the rest of us ordinary schmoes.

And then there's this gem:
Presidents from Franklin Roosevelt to Harry Truman railed against the excesses of a privileged few in finance and business. Some have gone beyond rhetoric. Confronted with rising steel prices, John Kennedy sent the FBI storming into corporate offices and is widely thought to have ordered the authorities to audit executives’ personal tax returns. Richard Nixon used the same weapon in 1973, announcing tax investigations “of the books of companies which raised their prices more than 1.5 per cent above the January ceiling”.

http://www.ft.com/cms/s/2/875155ce-8f25-11e3-be85-00144feab7de.html#ixzz2tb25G1h3

Nice to imply that Roosevelt didn't get beyond rhetoric because, like, Glass-Steaghall had nothing to do with his success. And its repeal, tyvm Larry, didn't contribute greatly to our current nightmare scenario.

All leading us to his brilliant, and some how not terribly surprising, conclusion:

"Sooner or later inequality will have to be addressed. Much better that it be done by letting free markets operate and then working to improve the result."

Yup, just let those "free markets" continue the updraft until the 0.01% have it all.


Recommendations

0 members have recommended this reply (displayed in chronological order):

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
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