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Reading comprehension is fundamental to discerning what you have read.
As I read your reply it is apparent that :
A) You didn't actually use the 30 seconds necessary to read what I wrote
B) You can't interpret what I wrote
I said that :
<i>The CNBC crew never discusses outsourcing which has destroyed America. Americans who have "bought-into-the system", gotten a high priced college education, got a job with a fortune 1000 company, Worked at that company 5 to 10 to 15 to 20 years, earning low six figures $$$,$$$ , only to see their jobs sent to India, China, Singapore, as they watch the CEO's of their companies & their Wall street Bankster facilitators go home with 8 figure bonuses $$,$$$,$$$.</i>
The unambiguous position I put forth in the italicized paragraph above is an emphatic-Anti-Globalism, Anti-The World Is Flat-stance. How anyone could come to the conclusion that what I wrote supports Globalism is at a minimum puzzling.
Now as far as the relationship between 'government Intervention' and capitalism is concerned, in order for capitalism to work as an economic model for the masses and not just the 'capitalists' who Franklin D. Roosevelt aptly described as
"Economic Royalists" in the 1930's , the connection between 'government regulation' and capitalism should be as tight as a hard dick in a tight pussy.
Look at the photo below. It was taken on June 2003. The 5 mofos in the picture are celebrating the removal of government regulation (oversight) from their financial businesses; the sign says "Cutting Red Tape".
Click Photo To Enlarge
The regulations that the bushit administration had removed that they were celebrating were thousands of regulations pertaining to mortgage lending practices and sub-prime loan disclosure mandates. You can read the whole thing here-
http://www.fdic.gov/about/strategic/report/2003annualreport/section1.pdf
Lack of intelligent peer reviewed regulation of 'capitalism' leads to the economic repression that the "Economic Royalists" have gotten us into today. Without regulation "Greed Is Good" totally takes over. Imagine a gambling casino with the ceiling camera monitors turned off! How long would it take for rampant stealing to take place? About a nanosecond. Imagine a pro football game with the referees NOT calling the holding penalty on offensive lineman? Every quarterback in the NFL would throw for 400 yards per game.
Read the article below
"MR. RISK comes to Washington". Hank Paulson the former chairman at Goldman ratcheted up Goldman Sachs risk (leverage) by a factor of 400%.
READ:
http://www.businessweek.com/magazine/content/06_24/b3988001.htm
Think of Paulson as Mr. Risk. He's one of the key architects of a more daring Wall Street, where securities firms are taking greater and greater chances in their pursuit of profits. By some key measures, the securities industry is more leveraged now than it was at the height of the 1990s boom.
As treasury secretary his lust for de-regulation and more $$$$ profits for his fellow "Economic Royalists", consequences be dammed, helped get us to where we are today. Did Clinton make some deregulation mistakes? Absolutely? But the crew that put Turbo-Capitalism into 5th gear was the bushit administration. The tachometer redlined, the warning lights on the dash were blinking but they kept pushing hard on the accelerator...until they crashed into the wall.
Santelli and his ilk are full of shit. They conspicuously avoid ranting about those who created the bubble, they only blame the recipients of the products the risk factory manufactured.
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READ - Wall Street Lays Another Egg
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