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(Huffington Post)   Wall Street tycoon spends hundreds of millions trying to convince America it's broke and spending out of control   (huffingtonpost.com) divider line 147
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2808 clicks; posted to Politics » on 15 May 2012 at 7:28 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-15 04:04:50 PM
Sounds like he could donate that money to the Treasury to help out. Isn't that what they keep telling us when tax increases come up?
 
2012-05-15 04:06:50 PM
Jump you f*cker
 
2012-05-15 04:09:04 PM

MaudlinMutantMollusk: Jump you f*cker

 
2012-05-15 04:15:36 PM
To think he could've donated it to charities to help the poor or something.

The My Little Pony Killer: MaudlinMutantMollusk: Jump you f*cker

 
2012-05-15 04:18:11 PM

make me some tea: To think he could've donated it to charities to help the poor or something.

The My Little Pony Killer: MaudlinMutantMollusk: Jump you f*cker


As much as I was defending Dimon in another thread, this. Dimon is trying to make money, he's creating jobs, and he is helping to keep the economy churning. This guy's just an asshole.
 
2012-05-15 04:20:06 PM

R.A.Danny: make me some tea: To think he could've donated it to charities to help the poor or something.

The My Little Pony Killer: MaudlinMutantMollusk: Jump you f*cker

As much as I was defending Dimon in another thread, this. Dimon is trying to make money, he's creating jobs, and he is helping to keep the economy churning. This guy's just an asshole.


I disagree with everything but your last statement. Dimon is a thief, pure and simple. He's just a little bit better at hiding it.
 
2012-05-15 04:20:40 PM
So this is the little farker that's been making all the noise.

He looks like a vile little bastard.
 
2012-05-15 04:20:47 PM

MaudlinMutantMollusk: Jump you f*cker


These guys aren't going to jump, they've made it clear. They need a helping hand.

Fiscal responsibility, I'm fine with. Getting rid of SS and Medicare - well, that makes me all stabby.
 
2012-05-15 04:21:34 PM

The My Little Pony Killer: I disagree with everything but your last statement. Dimon is a thief, pure and simple. He's just a little bit better at hiding it.


Go back to living into a mud hut then.
 
2012-05-15 04:22:04 PM

The My Little Pony Killer: R.A.Danny: make me some tea: To think he could've donated it to charities to help the poor or something.

The My Little Pony Killer: MaudlinMutantMollusk: Jump you f*cker

As much as I was defending Dimon in another thread, this. Dimon is trying to make money, he's creating jobs, and he is helping to keep the economy churning. This guy's just an asshole.

I disagree with everything but your last statement. Dimon is a thief, pure and simple. He's just a little bit better at hiding it.


Now, now, the compensation committee has studied the issue carefully, and they make sure that all the CEOs get the same 15% to 25% increase in annual avarice as everyone else. It's a very fair system.
 
2012-05-15 04:25:41 PM

R.A.Danny: make me some tea: To think he could've donated it to charities to help the poor or something.

The My Little Pony Killer: MaudlinMutantMollusk: Jump you f*cker

As much as I was defending Dimon in another thread, this. Dimon is trying to make money, he's creating jobs, and he is helping to keep the economy churning. This guy's just an asshole.


I tend to see investment bankers as pure parasites, but as far as JP Morgan Chase goes I would agree with you - Dimon is an excellent CEO.
 
2012-05-15 04:27:20 PM

Marcus Aurelius: R.A.Danny: make me some tea: To think he could've donated it to charities to help the poor or something.

The My Little Pony Killer: MaudlinMutantMollusk: Jump you f*cker

As much as I was defending Dimon in another thread, this. Dimon is trying to make money, he's creating jobs, and he is helping to keep the economy churning. This guy's just an asshole.

I tend to see investment bankers as pure parasites, but as far as JP Morgan Chase goes I would agree with you - Dimon is an excellent CEO.


Still doesn't deserve 23 million in compensation every year. I'm sorry, but no one in America deserves that much money each year, except a rare number of entrepreneurs who actually made that much money. 1 million, 2 million, I'm fine with. 23? Now you're just being a greedy bastard.
 
2012-05-15 04:27:39 PM
I haven't spent any money on this and I know that gov't spending is out of control and that SS and other entitlement programs are in real trouble.
 
2012-05-15 04:28:04 PM

Marcus Aurelius: Now, now, the compensation committee has studied the issue carefully, and they make sure that all the CEOs get the same 15% to 25% increase in annual avarice as everyone else. It's a very fair system.


The numbers are staggering aren't they? But when a CEO like Dimon is putting money into so many hands, I guess he can also be allowed to sell himself to the highest bidder. No less unfair than some lady that makes millions because she was blessed with a great voice (or a friend with autotune) or a guy with a knack for hitting a spherical object with a stick. I don't see capitalism going away any time soon.
 
2012-05-15 04:29:21 PM
America is broke and spending is out of control, but that seems like a waste of cash.
 
2012-05-15 04:31:11 PM

R.A.Danny: Marcus Aurelius: Now, now, the compensation committee has studied the issue carefully, and they make sure that all the CEOs get the same 15% to 25% increase in annual avarice as everyone else. It's a very fair system.

The numbers are staggering aren't they? But when a CEO like Dimon is putting money into so many hands, I guess he can also be allowed to sell himself to the highest bidder. No less unfair than some lady that makes millions because she was blessed with a great voice (or a friend with autotune) or a guy with a knack for hitting a spherical object with a stick. I don't see capitalism going away any time soon.


When the guys doing the bidding are all in the same small club it's unfair, for the same reason that collusion is illegal.
 
2012-05-15 04:32:37 PM
This motherfarkers name is going into my scarf, just as soon as I learn to knit.
 
2012-05-15 04:35:05 PM
But the democrats are the ones waging class warfare?

Robber barons! The lot of them!
 
2012-05-15 04:35:09 PM
To put Peterson's spending in context, all corporations and unions combined spent less than $4 billion on lobbying in 2011.

There's the real goddamned problem.
 
2012-05-15 04:37:17 PM

R.A.Danny: The My Little Pony Killer: I disagree with everything but your last statement. Dimon is a thief, pure and simple. He's just a little bit better at hiding it.

Go back to living into a mud hut then.


Hey fark off.
 
2012-05-15 04:37:23 PM

R.A.Danny: Marcus Aurelius: Now, now, the compensation committee has studied the issue carefully, and they make sure that all the CEOs get the same 15% to 25% increase in annual avarice as everyone else. It's a very fair system.

The numbers are staggering aren't they? But when a CEO like Dimon is putting money into so many hands, I guess he can also be allowed to sell himself to the highest bidder. No less unfair than some lady that makes millions because she was blessed with a great voice (or a friend with autotune) or a guy with a knack for hitting a spherical object with a stick. I don't see capitalism going away any time soon.


But he's not selling himself to the highest bidder. He's been there a long, long time. In fact, many CEOs that switch jobs end up being far LESS effective. Climbing to the CEO spot from the inside gives you a unique perspective that often cannot be duplicated in another organization.

And for that very reason, CEOs are not "exceptional" in the open market. They're not a wide receiver, they're a general manager. And the best GM is one that came up from the inside. Which negates the whole "free agent value" theory.
 
2012-05-15 04:38:01 PM

The My Little Pony Killer: R.A.Danny: The My Little Pony Killer: I disagree with everything but your last statement. Dimon is a thief, pure and simple. He's just a little bit better at hiding it.

Go back to living into a mud hut then.

Hey fark off.


If you honestly think that we'd be living in mud huts if it weren't for Dimon, I have a bridge to sell you.
 
2012-05-15 04:38:49 PM

bdub77: Marcus Aurelius: R.A.Danny: make me some tea: To think he could've donated it to charities to help the poor or something.

The My Little Pony Killer: MaudlinMutantMollusk: Jump you f*cker

As much as I was defending Dimon in another thread, this. Dimon is trying to make money, he's creating jobs, and he is helping to keep the economy churning. This guy's just an asshole.

I tend to see investment bankers as pure parasites, but as far as JP Morgan Chase goes I would agree with you - Dimon is an excellent CEO.

Still doesn't deserve 23 million in compensation every year. I'm sorry, but no one in America deserves that much money each year, except a rare number of entrepreneurs who actually made that much money. 1 million, 2 million, I'm fine with. 23? Now you're just being a greedy bastard.


No one "deserves" that much money? Who are you?
 
2012-05-15 04:40:06 PM

The My Little Pony Killer: The My Little Pony Killer: R.A.Danny: The My Little Pony Killer: I disagree with everything but your last statement. Dimon is a thief, pure and simple. He's just a little bit better at hiding it.

Go back to living into a mud hut then.

Hey fark off.

If you honestly think that we'd be living in mud huts if it weren't for Dimon, I have a bridge to sell you.


I think he meant without investment banking, because without investment banking, most of us would be living in hovels and growing vegetables for a living.
 
2012-05-15 04:43:29 PM

TheDumbBlonde: America is broke and spending is out of control, but that seems like a waste of cash.


America might go broke in a few decades if nothing changes, although it would probably be a lot sooner if we privatize Social Security and Medicare. The idea that we are broke now is being perpetrated by people who stand to profit by making people believe it, and of course the people who are dumb enough to fall for their rhetoric.
 
2012-05-15 04:46:37 PM

TheDumbBlonde: bdub77: Marcus Aurelius: R.A.Danny: make me some tea: To think he could've donated it to charities to help the poor or something.

The My Little Pony Killer: MaudlinMutantMollusk: Jump you f*cker

As much as I was defending Dimon in another thread, this. Dimon is trying to make money, he's creating jobs, and he is helping to keep the economy churning. This guy's just an asshole.

I tend to see investment bankers as pure parasites, but as far as JP Morgan Chase goes I would agree with you - Dimon is an excellent CEO.

Still doesn't deserve 23 million in compensation every year. I'm sorry, but no one in America deserves that much money each year, except a rare number of entrepreneurs who actually made that much money. 1 million, 2 million, I'm fine with. 23? Now you're just being a greedy bastard.

No one "deserves" that much money? Who are you?


I'm the guy setting the rules so they are fair. The easiest approach is to tax the hell of out people. You make 2 million, you are taxed at 40%. You make 23 million, you are taxed at 90%. You want to complain about your 2 million after taxes, talk to the farkin wall. Boo hoo. Most people make a tiny fraction of that every year.

FYI, the top tax rate was between 79-95% from the 30s until the 60s, 70% until 1980 when it started becoming a joke.
 
2012-05-15 04:51:27 PM

The My Little Pony Killer: The My Little Pony Killer: R.A.Danny: The My Little Pony Killer: I disagree with everything but your last statement. Dimon is a thief, pure and simple. He's just a little bit better at hiding it.

Go back to living into a mud hut then.

Hey fark off.

If you honestly think that we'd be living in mud huts if it weren't for Dimon, I have a bridge to sell you.


If it were true, would the bridge be made of mud?
 
2012-05-15 04:53:18 PM

bdub77: TheDumbBlonde: bdub77: Marcus Aurelius: R.A.Danny: make me some tea: To think he could've donated it to charities to help the poor or something.

The My Little Pony Killer: MaudlinMutantMollusk: Jump you f*cker

As much as I was defending Dimon in another thread, this. Dimon is trying to make money, he's creating jobs, and he is helping to keep the economy churning. This guy's just an asshole.

I tend to see investment bankers as pure parasites, but as far as JP Morgan Chase goes I would agree with you - Dimon is an excellent CEO.

Still doesn't deserve 23 million in compensation every year. I'm sorry, but no one in America deserves that much money each year, except a rare number of entrepreneurs who actually made that much money. 1 million, 2 million, I'm fine with. 23? Now you're just being a greedy bastard.

No one "deserves" that much money? Who are you?

I'm the guy setting the rules so they are fair. The easiest approach is to tax the hell of out people. You make 2 million, you are taxed at 40%. You make 23 million, you are taxed at 90%. You want to complain about your 2 million after taxes, talk to the farkin wall. Boo hoo. Most people make a tiny fraction of that every year.

FYI, the top tax rate was between 79-95% from the 30s until the 60s, 70% until 1980 when it started becoming a joke.


I think a top rate of 50% is more realistic, but I'd settle for 39% at this point. We'll see if that happens on December 31 when W's tax cuts expire.

I should invest in popcorn futures.
 
2012-05-15 04:54:33 PM

Nadie_AZ: The My Little Pony Killer: The My Little Pony Killer: R.A.Danny: The My Little Pony Killer: I disagree with everything but your last statement. Dimon is a thief, pure and simple. He's just a little bit better at hiding it.

Go back to living into a mud hut then.

Hey fark off.

If you honestly think that we'd be living in mud huts if it weren't for Dimon, I have a bridge to sell you.

If it were true, would the bridge be made of mud?


No, it would be made from femurs and hair. Preferably someone else's.
 
2012-05-15 05:03:32 PM
I sure we will see massive cuts on social programs, more spending for homeland defense and more taxes for the middle / lower class.

I think they'll fix SS by freezing cost of living adjustments.

I'm investing in dog food.
 
2012-05-15 05:10:23 PM

ourbigdumbmouth: I sure we will see massive cuts on social programs, more spending for homeland defense and more taxes for the middle / lower class.

I think they'll fix SS by freezing cost of living adjustments.

I'm investing in dog food.


Ha! You are forgetting that all politicians are pandering morons that love spending taxpayer money.

What you describe above will happen in the US when things are worse here than they are in Greece.
 
2012-05-15 05:26:51 PM

TheDumbBlonde: No one "deserves" that much money? Who are you?


"Deserves" is a hell of a word. No one deserves anything really, and we can all live in shiat for all science is concerned. Did the caveman with three brontosaurus burgers deserve them more then the guys he bashed in the head to get them? He found a way to get the money, and he did it (presumably)in a legal manner. It may be time to stop worrying about someone that has more than you and worry about getting more for yourself.
 
2012-05-15 05:27:34 PM
3.bp.blogspot.com
 
2012-05-15 05:29:30 PM

The My Little Pony Killer: The My Little Pony Killer: R.A.Danny: The My Little Pony Killer: I disagree with everything but your last statement. Dimon is a thief, pure and simple. He's just a little bit better at hiding it.

Go back to living into a mud hut then.

Hey fark off.

If you honestly think that we'd be living in mud huts if it weren't for Dimon, I have a bridge to sell you.


Not Dimon in particular, but without an economic incentive there wouldn't be a reason for the societal and technological growth we enjoy.
If someone didn't want just a little more we'd still be happy living as the Bedouin following his flock.
 
2012-05-15 05:30:47 PM

R.A.Danny: and he did it (presumably)in a legal manner


Ay theres the rub Danny Boy. Wealth of that kind is usually inherited from the coffers of long dead thieves, scoundrels and war profiteers.
 
2012-05-15 05:32:47 PM

R.A.Danny: If someone didn't want just a little more we'd still be happy living as the Bedouin following his flock.


There is a difference between wanting "just a little more" and being willing to see the rest of your tribe suffer and die so you get a little more.
 
2012-05-15 05:35:45 PM

quickdraw: R.A.Danny: If someone didn't want just a little more we'd still be happy living as the Bedouin following his flock.

There is a difference between wanting "just a little more" and being willing to see the rest of your tribe suffer and die so you get a little more.


Dimon hasn't caused any suffering for you whatsoever.
 
2012-05-15 06:05:05 PM

quickdraw: R.A.Danny: and he did it (presumably)in a legal manner

Ay theres the rub Danny Boy. Wealth of that kind is usually inherited from the coffers of long dead thieves, scoundrels and war profiteers.


And in this day, computer/software giants.
 
2012-05-15 06:14:38 PM

what_now: This motherfarkers name is going into my scarf, just as soon as I learn to knit.


I can't believe you haven't learned how to knit yet.
 
2012-05-15 06:19:36 PM
I just wanted to point this out from the article, and something that makes this guy craftier than the Koch Brothers, who fund right-wing organizations but also vast amounts of arts charities. If you fund "liberal" think tanks and associations as well like this Peterson dude, then you're really in business.

Peterson is in this debate for the long haul: He's even working on children. Earlier this month, Columbia University's Teachers College released a new curriculum about the federal budget and fiscal policy that will be distributed free to every high school in the country. "Understanding Fiscal Responsibility" was introduced at a ceremony featuring Peter Orszag, a former Obama administration official who left to join Citigroup. The Peterson Foundation has already given $1.6 million of a promised $2.4 million for the curriculum.

The first two lessons are titled "Social Security and the National Debt" and "Medicare and the National Debt." The curriculum wants teens to ask, "How high a value do we place on guaranteeing quality health care to the elderly?"

Another effort to persuade America's youth about the shakiness of the entitlement programs is a joint venture between the Peterson Foundation and mtvU, the campus-based network created by MTV Networks, called Indebted. Peterson has already shelled out nearly $2 million to fund this effort to convince college students that Social Security won't be there for them, so therefore it should be slashed now -- a self-fulfilling policy prescription if ever there was one.

...

Over the years, Peterson's foundation has housed a revolving cast of deficit-hawk intellectuals. For example, Eugene Steurle, the Urban Institute's top Social Security expert, was paid $106,667 by the foundation in 2009 in between his stints at the institute. After returning to the Urban Institute in 2010, Steurle spoke out in favor of policies promoted by Peterson as Congress debated that "grand bargain" that would cut benefits. Steurle argued for raising the Social Security retirement age. When he moderated a Senate panel on Social Security, he was joined by Maya MacGuineas, another deficit hawk who serves as president of the Peterson-funded Committee for a Responsible Federal Budget. The Urban Institute is known as a liberal think tank, meaning that its recommendation to slash benefits has greater influence than a similar proposal from a libertarian or conservative outfit with a known hostility to the program.

Politicians in Washington regularly say that major reform to entitlements -- and by reform, they mean cuts -- can only be accomplished with bipartisan consensus. "We have to hold hands and jump," Sen. Lindsey Graham (R-S.C.) said Monday. To that end, and unlike the Koch brothers, Peterson spreads his money across the ideological spectrum. He has given millions to the liberal Center for American Progress, Economic Policy Institute and New America Foundation; the conservative Heritage Foundation and American Enterprise Institute; the centrist Brookings Institution and Bipartisan Policy Center, and on and on.
 
2012-05-15 06:57:04 PM

R.A.Danny: quickdraw: R.A.Danny: If someone didn't want just a little more we'd still be happy living as the Bedouin following his flock.

There is a difference between wanting "just a little more" and being willing to see the rest of your tribe suffer and die so you get a little more.

Dimon hasn't caused any suffering for you whatsoever.


Sez you
 
2012-05-15 07:22:08 PM

MeinRS6: ourbigdumbmouth: I sure we will see massive cuts on social programs, more spending for homeland defense and more taxes for the middle / lower class.

I think they'll fix SS by freezing cost of living adjustments.

I'm investing in dog food.

Ha! You are forgetting that all politicians are pandering morons that love spending taxpayer money.

What you describe above will happen in the US when things are worse here than they are in Greece.


Both sides are bad? But as a Republican, who would you vote for?
 
2012-05-15 07:37:19 PM
Because America isn't broke? Dude.. we're broke as fark.
 
2012-05-15 07:38:21 PM

bdub77: Getting rid of SS and Medicare - well, that makes me all stabby.


The goal for these farkers isn't to get rid of SS, it's to privatize it. That way they can take care of your money just like they did with pensions.
 
2012-05-15 07:38:57 PM

Aarontology: To put Peterson's spending in context, all corporations and unions combined spent less than $4 billion on lobbying in 2011.

There's the real goddamned problem.


You mean they're not spending enough?
 
2012-05-15 07:39:41 PM
Is he really thinking ahead to the point where there really will be a decision between taxes and spending, or does he just want to hurt people?
 
2012-05-15 07:40:51 PM

Ontos: Because America isn't broke? Dude.. we're broke as fark.


He and his friends have been so successful, I'm not sure if this is a troll.
 
2012-05-15 07:47:36 PM
Peter Peterson? The guy couldn't spend all that money on a better name?
 
2012-05-15 07:51:12 PM

MeinRS6: I haven't spent any money on this and I know that gov't spending is out of control and that SS and other entitlement programs are in real trouble.




TheDumbBlonde: America is broke and spending is out of control, but that seems like a waste of cash.


Well all that money hasn't been wasted if he's managed to convince you two idiots of his message.
 
2012-05-15 07:56:18 PM

Knight of the Woeful Countenance: MeinRS6: I haven't spent any money on this and I know that gov't spending is out of control and that SS and other entitlement programs are in real trouble.



TheDumbBlonde: America is broke and spending is out of control, but that seems like a waste of cash.

Well all that money hasn't been wasted if he's managed to convince you two idiots of his message.


Dude, it's mathematical reality, not "his message".

If you think that everything is just fine, I would question whose entirely fictional message you are listening to.
 
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