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Fiscal "cliff"--another reason for Wall Street's mouthpieces to whine about "uncertainty." [View All]

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-28-12 10:25 AM
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Fiscal "cliff"--another reason for Wall Street's mouthpieces to whine about "uncertainty."
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Edited on Wed Nov-28-12 10:56 AM by No Elephants
Again, I have a news flash for Wall Street. It has no God-given right to certainty and no man can deliver certainty to Wall Street.

There was no certainty just before the crash of 1929, when Wall Street was unregulated. There was no certainty just before Silver Thursday in 1980. And so on.

There was no certainty a few weeks ago before Sandy hit, either.


No one on earth owes you certainty, least of all the poor, the seniors or the disabled of the United States.

Life is uncertain. Put on your big boy or big girl pants and deal with it.






P.S. In Tragedy and Hope, Carroll Quigley said, in essence, that it would be best if Republicans and Democrats were as alike as possible. That way, financial markets could have certainty.

In his freshman year in the School of Foreign Service at Georgetown, future U.S. President Bill Clinton took Quigley's course, receiving a 'B' as his final grade in both semesters.<2> 94, 96

Clinton named Quigley as an important influence on his aspirations and political philosophy in 1991, when launching his presidential campaign in a speech at Georgetown.<2> 96 He also mentioned Quigley again during his acceptance speech to the 1992 Democratic National Convention, as follows:

"As a teenager, I heard John Kennedys summons to citizenship. And then, as a student at Georgetown, I heard that call clarified by a professor named Carroll Quigley, who said to us that America was the greatest Nation in history because our people had always believed in two thingsthat tomorrow can be better than today and that every one of us has a personal moral responsibility to make it so."


http://en.wikipedia.org/wiki/Carroll_Quigley#Influence_...

Of course, Bill Clinton went on to be both a founding member of the Democratic Leadership Council and the first Presidential candidate to be endorsed by the Democratic Leadership Council, as well as the only Democratic President to urge repeal of Glass-Steagall. (JFK, supposedly Clinton's other big hero, often spoke reverently of FDR, though, and Joseph Kennedy was the one to whom FDR looked to fashion regulation of Wall Street. So, it's hard to fathom how one reveres both JFK and Quigley)

And now, almost the entire Party, local, state and federal, is in DLC mode.
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