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Neil Cavuto in screamathon with Ben Stein over our failed economy and how to repair it.

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Amerigo Vespucci Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-08 04:45 PM
Original message
Neil Cavuto in screamathon with Ben Stein over our failed economy and how to repair it.
 
Run time: 04:11
https://www.youtube.com/watch?v=YAEAMJ76KHk
 
Posted on YouTube: November 23, 2008
By YouTube Member:
Views on YouTube: 0
 
Posted on DU: November 23, 2008
By DU Member: Amerigo Vespucci
Views on DU: 3645
 
Conservatives have been trying to blame Obama for the market drop ever since he won the election. What a shock, right?

Neil Cavuto and Ben Stein got into a screaming match over the state of the economy after the bailout Saturday morning on Fox's Cavuto for Business. I've never seen them go at it like that before. It started immediately when Cavuto opened up the segment by saying we've spent 2 trillion dollars so far to fix the problem, which is patently false, and Stein called him out on it. (rough transcript.)

Stein: The $2 trillion dollar number you cited at the beginning is a completely made up number, I don't know where you got it from.

We asked, no, no no Ben.,..

Cavuto: What do you think it is?

Stein: Closer to $300 billion...

Cavuto: Oh, no, no, no, Ben I gotta stop you there...

Stein: Could I answer your question?

Cavuto: When you are supporting one institution after the other ...

Stein: You are doing the classic post hoc ergo prop drop fallacy. You may as well say because there was a World Series, the market dropped 4000 points. The Federal government has to stabilize this economy.

Cavuto: No it doesn't, Ben. No, no, and by the way, we were pre-hocking on this ...

Stein: The Federal government is the only one that can stabilize this economy.

Cavuto: It is a slippery slope Ben...

Stein: Then otherwise we fall into a great depression. Maybe not a problem for you, but a problem for everybody else.

Cavuto: Oh, stop the nonsense.

Stein: It isn't nonsense.

Cavuto: Where do you draw the nonsensical line.

Stein: We go in for as much Federal stimulus as it takes keep us out of a great depression. That is basic common sense ... We need to bail out the auto companies, we need to have a massive stimulus package. This economy is about to fall off a cliff. We need major stimulus.

Cavuto attacks Pelosi too....And it goes on from there. There is great fear among economists whenever they get honest. It's no joke. Obama has inherited a nightmare. Just so you know, Cavuto was yelling at McCain's people when they tried to play with the bailout, so he has no credibility when it comes to crying about things now.

Ben Stein favors the Paul Krugman plan or if I may say, the Keynesian approach to the depression-like state of our economy. He believes, as do a lot of us, that Obama should not hold back government spending at all and help rescue the auto industry, or Armageddon will befall us. It really is that simple. And when these Conservatives talk about letting actual cities go bankrupt, well, they are insane. And many of them like Steve Forbes, who is in that camp, can just move to another city. They really want to see things get worse in our country to help Republicans...

http://crooksandliars.com/john-amato/neil-cavuto-screamathon-ben-stein-over-
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Faygo Kid Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-08 04:56 PM
Response to Original message
1. Wow! I despise them all, but Ben Stein gets it here.
Powerful. I hope DU checks this out.

We are in deep, deep trouble. W. has destroyed this nation, but we will fight back. This was extraordinary; thanks for posting, my old friend.
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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-08 06:05 PM
Response to Reply #1
9. Ben Stein is an idiot.
Edited on Sun Nov-23-08 06:08 PM by girl gone mad
He doesn't get anything and neither do any of the other dopes on that show. Here's the proof:

http://www.youtube.com/watch?v=RYX1AgEV0vo

Stein is obviously heavily invested in financials. Think this might be why he wants the government to keeping throwing piles of money at them? How about some full disclosure?
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ArmeniansForObama Donating Member (64 posts) Send PM | Profile | Ignore Mon Nov-24-08 02:35 AM
Response to Reply #9
17. nice video, shows one idiot after another acting like they know everything
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blue neen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-08 05:08 PM
Response to Original message
2. Holy crap! Ben Stein actually gets it!
I never thought I'd see that day.

Cavuto and his crew are absolutely obnoxious.
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4_TN_TITANS Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 11:37 AM
Response to Reply #2
19. Ben Stein only 'gets it'
after all of his conservative drivel has proven wrong. I don't know how he gets away with having any economic clout.
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mucifer Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-08 05:17 PM
Response to Original message
3. ow that screaming gave me a headache.
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russspeakeasy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-08 05:39 PM
Response to Original message
4. Neil...is that your name, or is that what you do??
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mascarax Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-08 05:39 PM
Response to Original message
5. Ah, that is sad. What about Neil's dinner bill?!
He wants Nancy Pelosi to pay and bail him out.

(I am thrilled to see Ben Stein see the light...at least some light! Good for him for continuing to talk over Cavuto.)
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bluestateguy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-08 05:39 PM
Response to Original message
6. I guess Stein is more of a Nixonian Keynesian, and not a Reaganite Supply Sider
Right now the mantra needs to be "spend baby spend".
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democracy1st Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-08 05:58 PM
Response to Reply #6
7. no he lost alot of money from these GOP clowns
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EVDebs Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-08 06:35 PM
Response to Reply #7
10. These idiots don't believe in capitalism's inevitable cycles....
These idiots don't believe in capitalism's inevitable cycles....

Some say the business cycle is unpredictable, as this web article claims,

http://economics.about.com/cs/studentresources/f/business_cycle.htm

while others say the cycle IS predictable, see Kondratieff and others at

http://en.wikipedia.org/wiki/Business_cycle

The Bible in Leviticus 25 shows us the 'Year of Jubilee' as being a regularly needed event. Hmmm. Maybe these rightwingers would not want to be challenging the good book, eh ?


""THE FULLEST EXPRESSION of Sabbath logic is the Levitical "Jubilee": a comprehensive remission to take place every "Sabbath's Sabbath," or 49th-50th year (Leviticus 25). The Jubilee (named after the jovel, a ram's horn that sounded to herald the remission) aimed to dismantle structures of social-economic inequality by: releasing each community member from debt (Leviticus 25:35-42); returning encumbered or forfeited land to its original owners (25:13, 25-28); freeing slaves (25:47-55). The rationale for this unilateral restructuring of the community's assets was to remind Israel that the land belongs to God (25:23) and that they are an Exodus people who must never return to a system of slavery (25:42).

The Jubilee was perhaps already prefigured in the "Feast of Weeks" (Shavuot, later the feast of Pentecost), a celebration of the first fruits of the harvest (Exodus 23:16; Leviticus 23:15-25; Deuteronomy 16:9-12):

Feast of Weeks: "From the day after the Sabbath, from the day on which you bring the sheaf of the elevation offering, you shall count off seven weeks....You shall count until the day after the seventh Sabbath, fifty days; then you shall present an offering of new grain to the Lord" (Leviticus 23:15-16).

Jubilee: "You shall count off seven weeks of years, seven times seven years, so that the period...gives forty-nine years....And you shall hallow the fiftieth year and you shall proclaim liberty throughout the land to all its inhabitants" (Leviticus 25:8, 10).

This suggests that "Sabbath economics" applied at each harvest, not just every other generation.

Lowery acknowledges that the Sabbath vision is diametrically opposed to our modern assumptions about economics. The two main assumptions of classical economics are: 1) scarcity; and 2) unlimited need. These, he writes, "breed resignation to systems of distribution so unequal as to guarantee homelessness and starvation. On the other hand, they create an imperative toward unlimited economic growth." Sabbath economics, however, based on "the principles of abundance and self-restraint, turn this classical economic approach on its head. If you assume that resources are abundant, sufficient for the survival and prosperity of human life, and that human needs and wants are limited, then no one need starve or suffer the elements through lack of housing or clothing." The conclusion we must draw, says Lowery, is that "long-term, systemic hunger, homelessness, and poverty can be viewed only as a failure of human will." "

God Speed the Year of Jubilee!--The biblical vision of Sabbath economics.
by Ched Myers
http://www.sojo.net/index.cfm?action=magazine.article&issue=soj9805&article=980520

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Lochloosa Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-08 06:05 PM
Response to Original message
8. Must See TV. Ben does get it.
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greiner3 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-08 06:42 PM
Response to Original message
11. The world will end tomorrow;
I agree with Stein!
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hendo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-08 06:51 PM
Response to Original message
12. Go Ben GO!!
Great intellect on that guy. Nice to see he is using his powers for good.
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happygoluckytoyou Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-08 07:12 PM
Response to Original message
13. HERE IS THE MEAT OF IT---> ---> ---> ---> ---> ---> ---> ---> ---> --->
IT IS LIKE PLAYING MONOPOLY and the few rich guys now have ALL THE MONEY...
NOBODY WANTS TO PLAY IF ALL YOU DO IS CIRCLE THE BOARD AND HAND YOUR $200 TO THE FIRST HOTEL YOU LAND ON...

SO... WE NEED R E D I S T R I B U T I O N OF WEALTH.....

one way..... PRINT A LOT MORE MONEY..... and give it to PEOPLE WHO WORK...

the increase in $$$$$$$ will make the RICH ....... LESS RICH (more dollars exist so they have less of a share)

AND THOSE WHO WORK ...... will..... GET A SHARE.....

------------------class warfare has begun ! ! ! ! !
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quidam56 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-08 09:15 PM
Response to Original message
14. Fake Noise can't stand hearing the truth
America can't stand anymore of Presidebt Bush's prosperity, Appalachia has become a Third World America thanks to THE COAL INDUSTRY and HALLIBUTON.

http://www.wisecountyissues.com
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Archie_Leach Donating Member (32 posts) Send PM | Profile | Ignore Sun Nov-23-08 10:22 PM
Response to Original message
15. As far as *I'M* concerned there are no heroes in this video.....

Stein is THE worst of the "darwinian capitalist" AND *social darwinians* AND *econimic darwinians*.

Stein *IS* *THAT* *STILL* *UNREPETENT* 19th Century Carnegie/JPMorgan/Rockefeller capitalist that believes in the "_____________________________ darwinism (fill in the blank).

Don't believe any of my above? Go google it. It's all there.

That's why this whole exchange is something bittersweet to see UNREPETENT ASSHOLE CAPITALIST stein suddenly become a Franklin Delano Roosevelt New Dealer.....



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WillYourVoteBCounted Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 01:57 AM
Response to Original message
16. Cavuto is just a little pip squeek
good job Ben!
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specialed Donating Member (276 posts) Send PM | Profile | Ignore Mon Nov-24-08 07:38 AM
Response to Original message
18. Ben Stien is a Big Giant Douche
Who will bend in the wind to whatever theory is popular at the time.
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