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Sun Mar 13, 2016, 11:20 PM

The Real Gordon Gekko Just Endorsed Bernie Sanders

I hope this isn't a duplicate.

Asked to elaborate, Edelman stated his case.

“Well, I think it’s quite simple," he began. "If you look at something called ‘velocity of money’—you guys know what that is, I presume—that means how much gets spent and turns around. When you have the top one percent getting money, they spend five, 10 percent of what they earn. When you have the lower end of the economy getting money, they spend 100, or 110 percent of what they earn. As you’ve had a transfer of wealth to the top, and a transfer of income to the top, you have a shrinking consumer base, basically, and you have a shrinking velocity of money. Bernie is the only person out there who I think is talking at all about both fiscal stimulation and banking rules that will get the banks to begin to generate lending again as opposed to speculation. So from an economic point of view, it’s straightforward.”

http://www.alternet.org/election-2016/shocker-real-gordon-gekko-just-endorsed-bernie-sanders

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Reply The Real Gordon Gekko Just Endorsed Bernie Sanders (Original post)
snowy owl Mar 2016 OP
liberal_at_heart Mar 2016 #1
revbones Mar 2016 #2
brewens Mar 2016 #3

Response to snowy owl (Original post)

Sun Mar 13, 2016, 11:23 PM

1. I think even greedy people can recognize that taking money from the poor is only

sustainable for a amount of time. You have to throw the people a few crumbs every now and then or they will revolt. They haven't thrown any crumbs our way in over 30 years. The current economic model is unsustainable. I'm sure there are those who recognize this.

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Response to liberal_at_heart (Reply #1)

Sun Mar 13, 2016, 11:31 PM

2. Exactly

 

And I've seen Hillary supporters shoot the messenger on this one too. Saying it's negative for Bernie.

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Response to snowy owl (Original post)

Sun Mar 13, 2016, 11:44 PM

3. Your typical guy is just me. I'm willing to go out and do what I do as long as I can get

my stuff in return. Then I'd like to think I can retire in a few years, drink beer and fish withing 100 miles of where I grew up. I'd like that to be for maybe 20 years or so if I'm lucky. That's not asking a lot.

There are assholes that would work me to death and deny me that because it's worth like a whole year of yacht gas to them! Fuck them!

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