Thom Hartmann vs. Wayne Root - Is America facing My Big Fat Greek Bankruptcy?!

[thomhartmann]

Run time: 09:06 https://www.youtube.com/watch?v=UVHQ5mPh2mQ   Posted on YouTube: May 12, 2010 By YouTube Member: thomhartmann Views on YouTube: 0   Posted on DU: May 12, 2010 By DU Member: thomhartmann Views on DU: 861

 
The Thom Hartmann Program can be heard daily M-F 12-3pm ET. Visit www.thomhartmann.com to listen live, join the community or purchase a podcast.

[axollot]

1. Pretty scary and Thom as always on point!! n/t

[florida08]

2. Good grief

We have predatory capitalism going on and this libertarian supports it? He's actually defending the banksters profiting during a global recession that they created to begin with? Economic terrorism is ok? wow!

[bulloney]

4. Everything is OK when it pertains to capitalism. Didn't you get the memo?

My desire to make a buck supersedes your right to exist.

You can literally rape and pillage a person or a nation, as long as it's done in the name of capitalism and free markets according to some people.

As Thom pointed out, Greece's debt wasn't any worse than a lot of other political entities. But, if the financial markets, beholden to no country or rules, decide they want to go after you, there's little, if anything, that can be done to stop them.

What's to stop these same kind of actions against a California? Or the entire U.S.? As Thom noted, such action ripples everywhere from that country's peoples' buying power and standard of living to the country's credit rating. Meanwhile, a few fat cats make billions and they didn't produce anything that generates real wealth. It's the same house-of-cards mindset that creates these bubble economies that boom and bust and bring down the entire economy with it.

[florida08]

5. lol..a rhetorical statement

yes I got the memo but to hear this fool actually advocate for it is still strange to my ears. Meanwhile the cycle of raping and rescuing continues. Isn't there any common sense left?

[dotymed]

3. I've been thinking about changing my life-long democrat

status, I know it won't be Libertarian. Why aren't they called the GOP? As Thom said, it's the wolf-pack. The same ones who paid themselves more than the debt of Greece, last year. It's not pensions or universal healthcare. It's "free-market capitalism" or financial Darwinism in ultra high speed. We have to organize and outlaw this shit. We won't even be a serfdom after the shark attack.. This is the natural progression of capitalism. Hello, Hugo? Got room for one more?

[florida08]

6. why isn't this called what it is..Financial terrorism