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	<title>Comments on: How Post-Watergate Liberals Killed Their Populist Soul</title>
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	<link>https://www.isegoria.net/2017/01/how-post-watergate-liberals-killed-their-populist-soul/</link>
	<description>From the ancient Greek for equality in freedom of speech; an eclectic mix of thoughts, large and small</description>
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		<title>By: Sam J.</title>
		<link>https://www.isegoria.net/2017/01/how-post-watergate-liberals-killed-their-populist-soul/comment-page-1/#comment-2537439</link>
		<dc:creator>Sam J.</dc:creator>
		<pubDate>Tue, 24 Jan 2017 04:03:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.isegoria.net/?p=41341#comment-2537439</guid>
		<description><![CDATA[I goofed. My apologies, Should be &quot;...I personally believe that the junk bond buy outs were a fraud on the public as profitable...&quot;

Although I think there were bail outs due to the junk bond fiasco also.

What this did was transfer firms from old time managers who I believe had a good knowledge of the technology of the firms to financiers who who placed the firms under so much debt and strain that many fell out. The former managers were more interested in the continuation of the firm as a going concern that was profitable with less risk. Look at some of the deals Romney put together. I can&#039;t remember the exact numbers but they had very little actual cash of their own in the companies they took over. They would make that back in &quot;management fees&quot; in one year. So all the rest they could care less about. They ruined many good companies and stole every last dime of the pension funds that they took over.

Their behavior was EXACTLY like when Tony Soprano took over that guys sports store and loaded it up with debt. Exact same thing. They&#039;re just like the mafia.]]></description>
		<content:encoded><![CDATA[<p>I goofed. My apologies, Should be &#8220;&#8230;I personally believe that the junk bond buy outs were a fraud on the public as profitable&#8230;&#8221;</p>
<p>Although I think there were bail outs due to the junk bond fiasco also.</p>
<p>What this did was transfer firms from old time managers who I believe had a good knowledge of the technology of the firms to financiers who who placed the firms under so much debt and strain that many fell out. The former managers were more interested in the continuation of the firm as a going concern that was profitable with less risk. Look at some of the deals Romney put together. I can&#8217;t remember the exact numbers but they had very little actual cash of their own in the companies they took over. They would make that back in &#8220;management fees&#8221; in one year. So all the rest they could care less about. They ruined many good companies and stole every last dime of the pension funds that they took over.</p>
<p>Their behavior was EXACTLY like when Tony Soprano took over that guys sports store and loaded it up with debt. Exact same thing. They&#8217;re just like the mafia.</p>
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		<title>By: Sam J.</title>
		<link>https://www.isegoria.net/2017/01/how-post-watergate-liberals-killed-their-populist-soul/comment-page-1/#comment-2537435</link>
		<dc:creator>Sam J.</dc:creator>
		<pubDate>Tue, 24 Jan 2017 03:30:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.isegoria.net/?p=41341#comment-2537435</guid>
		<description><![CDATA[David Foster,&quot;...But it doesn’t really work that way. The people who own the company that is making ‘supercharge profits’ KNOW that they are making supercharged profits, and this knowledge will be reflected in the stock price or the private market value of the company...&quot;

I&#039;m not sure what you&#039;re getting at. My point was that there&#039;s no need for the bankers to finance &quot;competing&quot; firms as they can print money from thin air and buy the firm with the monopoly and continue monopoly profits.

&quot;...this knowledge will be reflected in the stock price or the private market value of the company...&quot;

This is a falacy that the stock market has perfect knowledge of the value of firms. Everybody, except you, knows this. Tell me if stock prices are perfect knowledge of a firms price how did any of the junk bond buy outs in the 80&#039;s make money? I&#039;ll tell you. The firms had assets that when broken off were worth more than the bundled firms stock value.

I p-ersonally believe that the junk bond bail out were a fraud on the public as profitable firms were loaded with debt that they paid no taxes on while some of the sold off assets were bought by competing firms who used the bought off sections of these firms to assemble monopolies. That&#039;s where some of their hidden value lay. Assembling monopolies.]]></description>
		<content:encoded><![CDATA[<p>David Foster,&#8221;&#8230;But it doesn’t really work that way. The people who own the company that is making ‘supercharge profits’ KNOW that they are making supercharged profits, and this knowledge will be reflected in the stock price or the private market value of the company&#8230;&#8221;</p>
<p>I&#8217;m not sure what you&#8217;re getting at. My point was that there&#8217;s no need for the bankers to finance &#8220;competing&#8221; firms as they can print money from thin air and buy the firm with the monopoly and continue monopoly profits.</p>
<p>&#8220;&#8230;this knowledge will be reflected in the stock price or the private market value of the company&#8230;&#8221;</p>
<p>This is a falacy that the stock market has perfect knowledge of the value of firms. Everybody, except you, knows this. Tell me if stock prices are perfect knowledge of a firms price how did any of the junk bond buy outs in the 80&#8242;s make money? I&#8217;ll tell you. The firms had assets that when broken off were worth more than the bundled firms stock value.</p>
<p>I p-ersonally believe that the junk bond bail out were a fraud on the public as profitable firms were loaded with debt that they paid no taxes on while some of the sold off assets were bought by competing firms who used the bought off sections of these firms to assemble monopolies. That&#8217;s where some of their hidden value lay. Assembling monopolies.</p>
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		<title>By: David Foster</title>
		<link>https://www.isegoria.net/2017/01/how-post-watergate-liberals-killed-their-populist-soul/comment-page-1/#comment-2536933</link>
		<dc:creator>David Foster</dc:creator>
		<pubDate>Sat, 21 Jan 2017 21:08:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.isegoria.net/?p=41341#comment-2536933</guid>
		<description><![CDATA[Sam J...&quot;I notice a problem in “If there were a company making super-charged monopoly profits, bankers would naturally invest in a competitor.” No they just buy the company and continue to stick the public.&quot;

But it doesn&#039;t really work that way.  The people who own the company that is making &#039;supercharge profits&#039; KNOW that they are making supercharged profits, and this knowledge will be reflected in the stock price or the private market value of the company.]]></description>
		<content:encoded><![CDATA[<p>Sam J&#8230;&#8221;I notice a problem in “If there were a company making super-charged monopoly profits, bankers would naturally invest in a competitor.” No they just buy the company and continue to stick the public.&#8221;</p>
<p>But it doesn&#8217;t really work that way.  The people who own the company that is making &#8216;supercharge profits&#8217; KNOW that they are making supercharged profits, and this knowledge will be reflected in the stock price or the private market value of the company.</p>
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		<title>By: Steve Johnson</title>
		<link>https://www.isegoria.net/2017/01/how-post-watergate-liberals-killed-their-populist-soul/comment-page-1/#comment-2536928</link>
		<dc:creator>Steve Johnson</dc:creator>
		<pubDate>Sat, 21 Jan 2017 20:18:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.isegoria.net/?p=41341#comment-2536928</guid>
		<description><![CDATA[&quot;As Roosevelt put it to Congress when announcing a far-reaching assault on monopolies in 1938: “The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism.”&quot;

Ha! So everything for the state, nothing outside the state is how to oppose fascism - got it.]]></description>
		<content:encoded><![CDATA[<p>&#8220;As Roosevelt put it to Congress when announcing a far-reaching assault on monopolies in 1938: “The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism.”&#8221;</p>
<p>Ha! So everything for the state, nothing outside the state is how to oppose fascism &#8211; got it.</p>
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		<title>By: Sam J.</title>
		<link>https://www.isegoria.net/2017/01/how-post-watergate-liberals-killed-their-populist-soul/comment-page-1/#comment-2536880</link>
		<dc:creator>Sam J.</dc:creator>
		<pubDate>Sat, 21 Jan 2017 12:01:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.isegoria.net/?p=41341#comment-2536880</guid>
		<description><![CDATA[This is a really, really good essay. It really brings things into focus.

I notice a problem in &quot;If there were a company making super-charged monopoly profits, bankers would naturally invest in a competitor.&quot; No they just buy the company and continue to stick the public.

Here&#039;s another: &quot;A lack of investment capital caused a lack of goods and services...&quot;.

Well, in the bank bail out we know that the banks got $16 Trillion, and some people have estimated $29 Trillion, from looking at financial data, over all. I bet they own everything. They couldn&#039;t care less about competition as they own everything. We have “capital shortage,” but it&#039;s not the Corporations that are having that problem.]]></description>
		<content:encoded><![CDATA[<p>This is a really, really good essay. It really brings things into focus.</p>
<p>I notice a problem in &#8220;If there were a company making super-charged monopoly profits, bankers would naturally invest in a competitor.&#8221; No they just buy the company and continue to stick the public.</p>
<p>Here&#8217;s another: &#8220;A lack of investment capital caused a lack of goods and services&#8230;&#8221;.</p>
<p>Well, in the bank bail out we know that the banks got $16 Trillion, and some people have estimated $29 Trillion, from looking at financial data, over all. I bet they own everything. They couldn&#8217;t care less about competition as they own everything. We have “capital shortage,” but it&#8217;s not the Corporations that are having that problem.</p>
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		<title>By: Bruce</title>
		<link>https://www.isegoria.net/2017/01/how-post-watergate-liberals-killed-their-populist-soul/comment-page-1/#comment-2536687</link>
		<dc:creator>Bruce</dc:creator>
		<pubDate>Fri, 20 Jan 2017 06:28:25 +0000</pubDate>
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		<description><![CDATA[Left-liberals have successfully fought to lower American prevailing wages for a half century. Their main weapon is the thought-crime accusation. No &#039;populist soul&#039; imaginable could survive in any group doing this for a half-century.

Why is Trump a Nazi? Because he wants a higher prevailing wage in America. If he gives up on this he will get strange new respect. He is an ex-D-party guy who ran a 90s Dick Gephart campaign, he  supports Planned Parenthood, he&#039;s not everyone&#039;s natural image of patrician dignity or evangelical Christianity. But if he doesn&#039;t give up on wages he is Hitler.]]></description>
		<content:encoded><![CDATA[<p>Left-liberals have successfully fought to lower American prevailing wages for a half century. Their main weapon is the thought-crime accusation. No &#8216;populist soul&#8217; imaginable could survive in any group doing this for a half-century.</p>
<p>Why is Trump a Nazi? Because he wants a higher prevailing wage in America. If he gives up on this he will get strange new respect. He is an ex-D-party guy who ran a 90s Dick Gephart campaign, he  supports Planned Parenthood, he&#8217;s not everyone&#8217;s natural image of patrician dignity or evangelical Christianity. But if he doesn&#8217;t give up on wages he is Hitler.</p>
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		<title>By: Sheldon</title>
		<link>https://www.isegoria.net/2017/01/how-post-watergate-liberals-killed-their-populist-soul/comment-page-1/#comment-2536572</link>
		<dc:creator>Sheldon</dc:creator>
		<pubDate>Thu, 19 Jan 2017 16:15:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.isegoria.net/?p=41341#comment-2536572</guid>
		<description><![CDATA[It all began with the convention in 1968 and came into full fruition at the convention of 1972. Democratic conventions in both case. The blue collar white working class voter employed in the big smoke stack factory I fear gone forever. That was the demographic that won elections for the Democratic party. The party then taken off by the Sixties generation crowd with all that meant.]]></description>
		<content:encoded><![CDATA[<p>It all began with the convention in 1968 and came into full fruition at the convention of 1972. Democratic conventions in both case. The blue collar white working class voter employed in the big smoke stack factory I fear gone forever. That was the demographic that won elections for the Democratic party. The party then taken off by the Sixties generation crowd with all that meant.</p>
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		<title>By: Isegoria</title>
		<link>https://www.isegoria.net/2017/01/how-post-watergate-liberals-killed-their-populist-soul/comment-page-1/#comment-2536569</link>
		<dc:creator>Isegoria</dc:creator>
		<pubDate>Thu, 19 Jan 2017 15:50:09 +0000</pubDate>
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		<description><![CDATA[What I can say is that Spectre was originally &lt;a href=&quot;http://www.isegoria.net/2004/09/russia-unveils-stalin-spy-service/&quot;&gt;Smersh&lt;/a&gt;, named after Stalin&#039;s anti-Nazi intelligence agency.]]></description>
		<content:encoded><![CDATA[<p>What I can say is that Spectre was originally <a href="http://www.isegoria.net/2004/09/russia-unveils-stalin-spy-service/">Smersh</a>, named after Stalin&#8217;s anti-Nazi intelligence agency.</p>
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		<title>By: Graham</title>
		<link>https://www.isegoria.net/2017/01/how-post-watergate-liberals-killed-their-populist-soul/comment-page-1/#comment-2536565</link>
		<dc:creator>Graham</dc:creator>
		<pubDate>Thu, 19 Jan 2017 15:14:00 +0000</pubDate>
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		<description><![CDATA[Apropos of nothing, anyone have any views on the revival of &quot;Spectre&quot; in the same-named recent film as a metaphor for fascism?

The original Spectre had the aura of being a holdover of neo-Nazism gone into the criminal world to finance its revival.]]></description>
		<content:encoded><![CDATA[<p>Apropos of nothing, anyone have any views on the revival of &#8220;Spectre&#8221; in the same-named recent film as a metaphor for fascism?</p>
<p>The original Spectre had the aura of being a holdover of neo-Nazism gone into the criminal world to finance its revival.</p>
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		<title>By: Graham</title>
		<link>https://www.isegoria.net/2017/01/how-post-watergate-liberals-killed-their-populist-soul/comment-page-1/#comment-2536563</link>
		<dc:creator>Graham</dc:creator>
		<pubDate>Thu, 19 Jan 2017 15:12:04 +0000</pubDate>
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		<description><![CDATA[I can see some points of contact between Patman&#039;s 1947 analysis and the reality of fascism in action, but there is still something fundamental missing from an analysis that blames &quot;private power&quot; being stronger than the state for an ideological system whose credo was &quot;everything in the state, nothing outside the state, nothing against the state.&quot;]]></description>
		<content:encoded><![CDATA[<p>I can see some points of contact between Patman&#8217;s 1947 analysis and the reality of fascism in action, but there is still something fundamental missing from an analysis that blames &#8220;private power&#8221; being stronger than the state for an ideological system whose credo was &#8220;everything in the state, nothing outside the state, nothing against the state.&#8221;</p>
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