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	<title>Comments on: Good News on Wall Street Means&#8230; What Exactly?</title>
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		<title>By: Summer Rerun &#8211; The Empire Continues to Strike Back: Team Obama Propaganda Campaign Reaches Fever Pitch &#171; naked capitalism</title>
		<link>http://trueslant.com/matttaibbi/2009/10/15/good-news-on-wall-street-means-what-exactly/comment-page-1/#comment-10980</link>
		<dc:creator>Summer Rerun &#8211; The Empire Continues to Strike Back: Team Obama Propaganda Campaign Reaches Fever Pitch &#171; naked capitalism</dc:creator>
		<pubDate>Mon, 04 Jul 2011 05:03:47 +0000</pubDate>
		<guid isPermaLink="false">http://trueslant.com/matttaibbi/?p=961#comment-10980</guid>
		<description>[...] celebrated the event, with nary a mention of the continued train wreck in the real economy. As Matt Taibbi observed, “the dichotomy between the economic health of ordinary people and the traditional ‘market [...]</description>
		<content:encoded><![CDATA[<p>[...] celebrated the event, with nary a mention of the continued train wreck in the real economy. As Matt Taibbi observed, “the dichotomy between the economic health of ordinary people and the traditional ‘market [...]</p>
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		<title>By: The Empire Continues to Strike Back: Team Obama Propaganda Campaign Reaches Fever Pitch &#171; naked capitalism</title>
		<link>http://trueslant.com/matttaibbi/2009/10/15/good-news-on-wall-street-means-what-exactly/comment-page-1/#comment-10786</link>
		<dc:creator>The Empire Continues to Strike Back: Team Obama Propaganda Campaign Reaches Fever Pitch &#171; naked capitalism</dc:creator>
		<pubDate>Sat, 25 Sep 2010 01:51:24 +0000</pubDate>
		<guid isPermaLink="false">http://trueslant.com/matttaibbi/?p=961#comment-10786</guid>
		<description>[...] celebrated the event, with nary a mention of the continued train wreck in the real economy. As Matt Taibbi observed, “the dichotomy between the economic health of ordinary people and the traditional ‘market [...]</description>
		<content:encoded><![CDATA[<p>[...] celebrated the event, with nary a mention of the continued train wreck in the real economy. As Matt Taibbi observed, “the dichotomy between the economic health of ordinary people and the traditional ‘market [...]</p>
]]></content:encoded>
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		<title>By: News Reports from Inside the Financial Coup &#124; David DeGraw</title>
		<link>http://trueslant.com/matttaibbi/2009/10/15/good-news-on-wall-street-means-what-exactly/comment-page-1/#comment-10727</link>
		<dc:creator>News Reports from Inside the Financial Coup &#124; David DeGraw</dc:creator>
		<pubDate>Fri, 11 Jun 2010 15:48:41 +0000</pubDate>
		<guid isPermaLink="false">http://trueslant.com/matttaibbi/?p=961#comment-10727</guid>
		<description>[...] Good News on Wall Street Means… What Exactly? It’s literally amazing to me that our press corps hasn’t yet managed to draw a distinction [...]</description>
		<content:encoded><![CDATA[<p>[...] Good News on Wall Street Means… What Exactly? It’s literally amazing to me that our press corps hasn’t yet managed to draw a distinction [...]</p>
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		<title>By: Matt Taibbi Gets it Right &#8211; Santelli Keeps Getting it Wrong &#171; Get Smart About Banks</title>
		<link>http://trueslant.com/matttaibbi/2009/10/15/good-news-on-wall-street-means-what-exactly/comment-page-1/#comment-8230</link>
		<dc:creator>Matt Taibbi Gets it Right &#8211; Santelli Keeps Getting it Wrong &#171; Get Smart About Banks</dc:creator>
		<pubDate>Fri, 19 Mar 2010 02:38:03 +0000</pubDate>
		<guid isPermaLink="false">http://trueslant.com/matttaibbi/?p=961#comment-8230</guid>
		<description>[...] celebrated the event, with nary a mention of the continued train wreck in the real economy. As Matt Taibbi observed, “the dichotomy between the economic health of ordinary people and the traditional ‘market [...]</description>
		<content:encoded><![CDATA[<p>[...] celebrated the event, with nary a mention of the continued train wreck in the real economy. As Matt Taibbi observed, “the dichotomy between the economic health of ordinary people and the traditional ‘market [...]</p>
]]></content:encoded>
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		<title>By: Details of the Financial Coup in the USA &#171; Beaver County Blue</title>
		<link>http://trueslant.com/matttaibbi/2009/10/15/good-news-on-wall-street-means-what-exactly/comment-page-1/#comment-3673</link>
		<dc:creator>Details of the Financial Coup in the USA &#171; Beaver County Blue</dc:creator>
		<pubDate>Mon, 26 Oct 2009 00:29:46 +0000</pubDate>
		<guid isPermaLink="false">http://trueslant.com/matttaibbi/?p=961#comment-3673</guid>
		<description>[...] Good News on Wall Street Means… What Exactly? It’s literally amazing to me that our press corps hasn’t yet managed to draw a distinction [...]</description>
		<content:encoded><![CDATA[<p>[...] Good News on Wall Street Means… What Exactly? It’s literally amazing to me that our press corps hasn’t yet managed to draw a distinction [...]</p>
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		<title>By: moskowitz</title>
		<link>http://trueslant.com/matttaibbi/2009/10/15/good-news-on-wall-street-means-what-exactly/comment-page-1/#comment-3660</link>
		<dc:creator>moskowitz</dc:creator>
		<pubDate>Sun, 25 Oct 2009 14:40:11 +0000</pubDate>
		<guid isPermaLink="false">http://trueslant.com/matttaibbi/?p=961#comment-3660</guid>
		<description>&quot;Elizabeth Warren for President&quot; and Accountant Harry Markopolos to head SEC.</description>
		<content:encoded><![CDATA[<p>&#8220;Elizabeth Warren for President&#8221; and Accountant Harry Markopolos to head SEC.</p>
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		<title>By: bobwallace</title>
		<link>http://trueslant.com/matttaibbi/2009/10/15/good-news-on-wall-street-means-what-exactly/comment-page-1/#comment-3559</link>
		<dc:creator>bobwallace</dc:creator>
		<pubDate>Fri, 23 Oct 2009 18:29:39 +0000</pubDate>
		<guid isPermaLink="false">http://trueslant.com/matttaibbi/?p=961#comment-3559</guid>
		<description>Reality is, because of improvements in transportation and communication we are becoming a world wide market, not a bunch of separate entities all unto ourselves.

The US had a long ride on the top of the heap but now we&#039;re getting downsized.

What we need to do is quit bitchin&#039; about how much we used to make doing whatever and look for ways to make a decent living doing things that either can&#039;t be outsourced or which we can do competitively.

For example...

We&#039;re in the beginning stages of a transition from fossil fuels to renewables.  The installation and maintenance jobs cannot be outsourced.

And we can compete in the building of many of the components for this new technology.  Those parts that don&#039;t rely on a lot of cheap labor or are difficult to ship are prime opportunities for us to create more employment.</description>
		<content:encoded><![CDATA[<p>Reality is, because of improvements in transportation and communication we are becoming a world wide market, not a bunch of separate entities all unto ourselves.</p>
<p>The US had a long ride on the top of the heap but now we&#8217;re getting downsized.</p>
<p>What we need to do is quit bitchin&#8217; about how much we used to make doing whatever and look for ways to make a decent living doing things that either can&#8217;t be outsourced or which we can do competitively.</p>
<p>For example&#8230;</p>
<p>We&#8217;re in the beginning stages of a transition from fossil fuels to renewables.  The installation and maintenance jobs cannot be outsourced.</p>
<p>And we can compete in the building of many of the components for this new technology.  Those parts that don&#8217;t rely on a lot of cheap labor or are difficult to ship are prime opportunities for us to create more employment.</p>
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		<title>By: kidgenius</title>
		<link>http://trueslant.com/matttaibbi/2009/10/15/good-news-on-wall-street-means-what-exactly/comment-page-1/#comment-3544</link>
		<dc:creator>kidgenius</dc:creator>
		<pubDate>Fri, 23 Oct 2009 14:16:25 +0000</pubDate>
		<guid isPermaLink="false">http://trueslant.com/matttaibbi/?p=961#comment-3544</guid>
		<description>I feel your despair man, i really do.  I myself have pondered over and over what an average everyday person like myself can do to change the tide...

one thing is for sure, don&#039;t participate...at all!  

I dont bank at any major financial institution.  I&#039;m paying off all debt and getting rid of ALL but say one credit card that i use for the absolute most drastic situation.  I shop at mom and pop shops (if and when possible), i boycott walmart and other major chains.  I dont buy stock, 401k, mutual funds, ect...

I save...

if i want something, i save and pay cash for it!  i did that with my last car, my macbook and xbox...

We already know the detriment of what saving can do to our economy...lol wow, my grandpa saved all his life, back in his day he was encouraged to do so.  brilliant.</description>
		<content:encoded><![CDATA[<p>I feel your despair man, i really do.  I myself have pondered over and over what an average everyday person like myself can do to change the tide&#8230;</p>
<p>one thing is for sure, don&#8217;t participate&#8230;at all!  </p>
<p>I dont bank at any major financial institution.  I&#8217;m paying off all debt and getting rid of ALL but say one credit card that i use for the absolute most drastic situation.  I shop at mom and pop shops (if and when possible), i boycott walmart and other major chains.  I dont buy stock, 401k, mutual funds, ect&#8230;</p>
<p>I save&#8230;</p>
<p>if i want something, i save and pay cash for it!  i did that with my last car, my macbook and xbox&#8230;</p>
<p>We already know the detriment of what saving can do to our economy&#8230;lol wow, my grandpa saved all his life, back in his day he was encouraged to do so.  brilliant.</p>
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		<title>By: alexchumley</title>
		<link>http://trueslant.com/matttaibbi/2009/10/15/good-news-on-wall-street-means-what-exactly/comment-page-1/#comment-3538</link>
		<dc:creator>alexchumley</dc:creator>
		<pubDate>Fri, 23 Oct 2009 13:36:58 +0000</pubDate>
		<guid isPermaLink="false">http://trueslant.com/matttaibbi/?p=961#comment-3538</guid>
		<description>The 10% is such a bull crap number. The amount of people who fall off the rolls of unemployment, I would argue, is about around half the number of people actually on the rolls of unemployment.

Unemployment runs out after a set time and I have many freinds who have yet to find a job even now that they have long fallen off the coat tails of unemployment.  

10% my butt. More like 15%+</description>
		<content:encoded><![CDATA[<p>The 10% is such a bull crap number. The amount of people who fall off the rolls of unemployment, I would argue, is about around half the number of people actually on the rolls of unemployment.</p>
<p>Unemployment runs out after a set time and I have many freinds who have yet to find a job even now that they have long fallen off the coat tails of unemployment.  </p>
<p>10% my butt. More like 15%+</p>
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		<title>By: alexchumley</title>
		<link>http://trueslant.com/matttaibbi/2009/10/15/good-news-on-wall-street-means-what-exactly/comment-page-1/#comment-3533</link>
		<dc:creator>alexchumley</dc:creator>
		<pubDate>Fri, 23 Oct 2009 13:17:02 +0000</pubDate>
		<guid isPermaLink="false">http://trueslant.com/matttaibbi/?p=961#comment-3533</guid>
		<description>I&#039;ve been watching the same slow motion downfall of our empire that you have. I feel anger that our government has sold out to the monied intrests and I feel despair as I slowly watch our country circle the drain.

It&#039;s not just the control that the ridiculously leviathan-sized banks have over our country, but the issues are deeper than that, which Matt has pointed out.

We have outsourced most of our production jobs over seas. IT and telecom services as well. Most of the goods we buy are no longer made in America. Most of the stuff in our American homes are made in Japan, China, Indonesia, and the Philapines. 

American jobs and companies are crushed due to loosing markets they once held to new major comglomerates like Walmart that are able to purchase things at rock bottom prices. The items they sell of coarse are made outside the US.

All this in turn means less income into the actual pockets of your average American. These Americans lose their IT jobs and manufacturing jobs and then are forced to get hired on at Walmart because the job skills they have are no longer worth their old price tags.

I swear to god, in the end our country is going to be nothing more the entire American work force working for Walmart type stores being financially pigeon-holed into buying Walmart type crap because that&#039;s all we can afford.

It&#039;s a grim outlook for sure. Things sure do seem to be going that way though.</description>
		<content:encoded><![CDATA[<p>I&#8217;ve been watching the same slow motion downfall of our empire that you have. I feel anger that our government has sold out to the monied intrests and I feel despair as I slowly watch our country circle the drain.</p>
<p>It&#8217;s not just the control that the ridiculously leviathan-sized banks have over our country, but the issues are deeper than that, which Matt has pointed out.</p>
<p>We have outsourced most of our production jobs over seas. IT and telecom services as well. Most of the goods we buy are no longer made in America. Most of the stuff in our American homes are made in Japan, China, Indonesia, and the Philapines. </p>
<p>American jobs and companies are crushed due to loosing markets they once held to new major comglomerates like Walmart that are able to purchase things at rock bottom prices. The items they sell of coarse are made outside the US.</p>
<p>All this in turn means less income into the actual pockets of your average American. These Americans lose their IT jobs and manufacturing jobs and then are forced to get hired on at Walmart because the job skills they have are no longer worth their old price tags.</p>
<p>I swear to god, in the end our country is going to be nothing more the entire American work force working for Walmart type stores being financially pigeon-holed into buying Walmart type crap because that&#8217;s all we can afford.</p>
<p>It&#8217;s a grim outlook for sure. Things sure do seem to be going that way though.</p>
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