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Response to Rosa Luxemburg (Original post)

Sat May 9, 2015, 10:15 PM

12. Trouble is, insurance companies hold a great deal of investment, not only in their own

 

market which is massive and now global, but they are heavily invested in holdings in real estate, including much of the national debt. Bernie knows that a number of these Too-big-to-fail are insurance companies, perhaps even more powerful than financial institutions. Obama knew that he/we couldn't bail out the financial companies and the insurance companies. IMO.

We're talking possible austerity here. Millions would be unemployed because it's a heavily bloated industry and produces nothing...just paper pushers with rich CEOs, in essence. Easy to say, not so easy to go through. It will take someone like Bernie to guide us through the difficulties.

Europe is starting their own departure from the "easy money/debt splurge" as in Yanis/Tsipris in Greece. Spain and Italy are watching because they, too, have been decimated by the Global lenders, Germany and the US and want out...which will affect our financial behemoths.

Single payer sounds great, and we should have it, but Bernie's bringing it up will have to be accompanied by the realities. It's a House of Cards and that would surely pull one out from the bottom. I still say Go for It, Bernie.

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Arrow 46 replies Author Time Post
Rosa Luxemburg May 2015 OP
Doctor_J May 2015 #1
brooklynite Jul 2015 #21
Doctor_J Jul 2015 #24
brooklynite Jul 2015 #25
Doctor_J Jul 2015 #28
Culver Shuttle Jul 2015 #43
Cal33 May 2015 #2
Rosa Luxemburg May 2015 #11
Cosmocat May 2015 #13
appalachiablue Jul 2015 #37
Scuba May 2015 #3
Sheepshank May 2015 #4
Rosa Luxemburg May 2015 #5
oberliner May 2015 #6
Rosa Luxemburg May 2015 #7
oberliner May 2015 #8
Yurovsky May 2015 #9
Evergreen Emerald May 2015 #10
LuvLoogie Jul 2015 #29
LineReply Trouble is, insurance companies hold a great deal of investment, not only in their own
libdem4life May 2015 #12
Cosmocat May 2015 #14
Rosa Luxemburg May 2015 #16
Cosmocat May 2015 #15
Wolf Frankula May 2015 #17
Rosa Luxemburg May 2015 #18
appalachiablue Jul 2015 #38
BainsBane Jul 2015 #19
Cheese Sandwich Jul 2015 #31
Sheepshank Jul 2015 #20
Rosa Luxemburg Jul 2015 #23
still_one Jul 2015 #27
ljm2002 Jul 2015 #33
still_one Jul 2015 #34
ljm2002 Jul 2015 #35
still_one Jul 2015 #36
mythology Jul 2015 #44
99Forever Jul 2015 #22
still_one Jul 2015 #26
sabrina 1 Jul 2015 #30
LWolf Jul 2015 #32
Rosa Luxemburg Jul 2015 #40
LWolf Jul 2015 #41
sabrina 1 Jul 2015 #39
Autumn Jul 2015 #42
Andy823 Jul 2015 #45
Autumn Jul 2015 #46
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