Category Archives: Alan Greenspan

Ayn was so full of sh*t- bet her eyes were brown.

The rightwingers really love the hell out of… philosopher, but really just a fucking novelist with only two big sellers, Ayn Rand. Personally, I think the broad was nothing more than a rich, uppity cunt that thought the majority of the world was there to make her and her buddies in the Corporatocracy more money.

The idiot that started our financial slide into hell, Alan Greenspan, was a friend and follower of Rands btw. She later cast him aside after he went to work for the gasp…government.  Matt Taibbi says it best for me in the latest Alternet Q&A with him regarding his new book:

She was this great novelist who wrote all these very ponderous long novels like The Fountainhead and Atlas Shrugged. The general theme of all of them was that there were two classes of people: the producers and the parasites. In her books, the producers were the great industrial figures who actually created businesses and commercial empires, and everybody was somehow feeding off of them. You were either making something, or you were a parasite. That ethos is still very much alive; it’s part of the Tea Party rhetoric. They talk about “water carriers and water drinkers” and split the world up into those two categories. Greenspan actually spent a lot of time with Rand, they had these little tea parties at her house, and he was under her tutelage. He was one of her protégés who directly carried the flame for her religion. But it was ironic that he ended up being the chief regulator of the economy that had been an anathema to everything that she believed, being a government regulator. Yet he somehow did it and didn’t feel contradicted about it.

The religion of Ayn Rand…how telling is that? Talk about class warfare, that nasty cunt believed in two classes, the have’s and have not’s who’s only goal in life should be to service the rich…or as she thought of them…the producers. I got a good view of how popular this cunt has become by reading this article entitled: 10 Shameless Right-Wing Tributes to Ayn Rand That Should Make Any Sane Person Blush.The article points out that since it seems the religious wingers are taking a backseat to the teabaggers now, Rand has been elevated to the pinnacle of Nutterville, thanks to the likes of Glen Beck and other alum’s of Nutter U. The article identifies Rand’s followers as Randroids…I love it! Here is an interesting passage:

An excellent example is this March 2010 nugget from the Christian Science Monitor:Apple vs. GM: Ayn Rand knew the difference. Do you?

You may wonder what “Apple vs. GM” means. (God help us, not an iCar!) But Yaron Brook and Don Watkins of the Ayn Rand Center for Individual Rights aren’t talking about anything so dull as a market conflict — they’re talking about a moral struggle between “producers” like Apple — those few, sterling individuals who wrest value from the earth — and “looters” like GM, whom they describe as “pseudobusinessmen” whose “business isn’t business, but political pull.”

You’d think Brook and Watkins could find better examples of looters than GM — Enron, say, or Goldman Sachs, or Jack Abramoff. But Randroids are generally quiet when such people use political pull to amplify profit, even illegally. (In fact, way back in the scandal-ridden days of 2002USA Today did a story about suits who found themselves harassed by “prosecutors, regulators” and “a Republican president”; these poor, rattled execs read Ayn Rand, USA Today said, to “remind themselves that self-interest is not only the right thing to do from an economic standpoint but is moral, as well.”)

Apple has it’s products manufactured in China. This is interesting to me since Apple computers are the most expensive fuckers on the market.  HP also manufactures most of it’s systems overseas as well, but at least I can friggin afford one of those. GM manufactures all but 15% of their vehicles in the US and all Enron ever did was drive the price of electricity through the fucking roof…But back to the Randroids…They have been waiting forever for the movie version of Atlas Shrugged. Well, it went from a major studio $70 million dollar production with Angelina Jolie to an indy version with a paltry budget of $5 million bucks. Again, from the Alternet 10 Shameless tributes  writeup:

The $5 million project is now only part one of a proposed Atlas Shrugged trilogy (the three parts to be titled Atlas Shrugs, Atlas Takes a Load Off and Atlas Shows All You Bastards, presumably). Mediaite’s Frances Martel is dazzled: “The progress on the set of Atlas Shrugged,” she gushes, is really “a much more important story to both pop culture and the political world” than, say, the recent Shirley Sherrod scandal, which the damn liberal media chose to follow instead “because race is a sexy thing to cover,” unlike wonkish subjects like Hollywood movies.

I rest my case…the Randroids are such fuckwads, it gives me a migraine just thinking about them and their allegiance to Rand and her self-absorbed bullshit that masquerades as philosophy.  Besides, if Limbaugh, Beck and other extreme rightwing nutters quote this woman, it shows you how fucked up she really was.

Imploding Credit Bubble to hit $1 Trillion..

At least according to this writeup at The Washington Independent. Now, I always preface anything I write on finance with the fact that I can’t really find my ass with both hands on this I read plenty of stuff by folks that know wtf they are talking about. This gentlemen seems to know his stuff. His opening salvo:

The current credit and financial crisis, unusually, is almost entirely the creation of the financial services industry.

Financial services now dominates American business to an astonishing degree. Though the industry accounted for only about 16 percent of corporate output in 2007, it racked up more than 40 percent of corporate profits. From 2000 through mid-2007, total American stock market value grew about 6 percent, while the value of financial services stocks grew by 78 percent. And though total corporate profits roughly doubled, business investment was almost flat.

Some scary stuff..and no..its not all BushCo’s fault, Alan Greenspan is a major culprit 😉

If you like to read the first part of this is that link, and its entitled: Credit Crisis Only Begins With Mortgages.