nynick

Last active
2 years, 4 months ago
  • nynick commented on the blog post What We Will Learn if Only the Mandate Is Struck Down

    2012-04-05 11:22:28View | Delete

    That’s exactly right. The insurance companies will simply raise their rates to account for the lost revenue. Insurance would become too expensive for many employers and individuals to afford. In otherwords, back to square one.

  • nynick commented on the diary post New York Times: The Banks Win, Again by DSWright.

    2012-03-20 13:46:00View | Delete

    “They have ability to meet their obligations. Eventually, we’ll get a cascade of defaults and the system collapses.”

    This should read:

    They have NO ability to meet their obligations.

  • nynick commented on the diary post New York Times: The Banks Win, Again by DSWright.

    2012-03-20 13:43:43View | Delete

    That’s just plain wrong. Banks can’t hide behind their check/deposit facade. They made billions of dollars securitizing mortgages. Unfortunately for banks, there’s a finite number of quality loans to be made. Once they reached that mark, they simply securitized loans of lesser quality. They kept on securitizing loans of lesser and lesser quality, not because [...]

  • nynick commented on the blog post Newt Gingrich Still Holds Large National Lead

    2012-01-27 15:54:55View | Delete

    Shorter Litvak36, “down with crypto-fascism! up with crypto-fascism lite”!

  • nynick commented on the blog post Newt Gingrich Still Holds Large National Lead

    2012-01-27 15:51:52View | Delete

    In truth, Republican voters are way too dumb to make informed decisions. They will vote for whoever the wingnut noise machine tells them to.

  • That’s the case with a lot of us. For me, I’ll never vote again under this corrupt system. The only hope we have is revolution. It begins with disengagement. Disengage from the system as much as possible and plot revolution. A revolution based on two principles. Non-violence and inclusion. It will take years if not decades someday they will have an election and no one will show up to vote.

  • He’s an empty suit. He was always an empty suit. We have the Obamabots within our own party to thank for demanding we all embrace this empty suit like he was the messiah. His job is to pretend to give a shit while his overlords continue to remake our country into a feudalist society. An all powerful clique of wealthy elites at the top, a powerless mass of filthy humanity on the bottom and a heavily armed police apparatus in between.

  • Wait, are you saying Obama is favoring corporate interests while at the same time, blowing smoke up our ass about standing up for the little guy? I’m shocked. No one could have predicted such a thing.

  • nynick commented on the blog post Obama Recess-Appointing Only in Dire Circumstances

    2012-01-05 10:51:48View | Delete


    Because to the extent that it does get public attention, it’s nothing but bad news for Republicans. They’ll be forced to defend a strategy of using their filibuster power not to stop legislation they don’t like, but to unilaterally nullify legislation they don’t like even after they’ve lost the vote and it’s been passed and signed into law

    That’s a logical argument but it’s dead wrong. Republicans have been trampling long established rules of engagement up to and including those that run afoul of the constitution and they’ve never paid a price for it.
    The public doesn’t care because our media elites are more interested in the school yard brawls that any issues of right or wrong.

  • nynick commented on the blog post Raising Minimum Wage Significantly Would Boost Economy

    2012-01-03 11:13:49View | Delete

    Actually, no. We made them buy Merrill. The decision to buy countrywide was on them. Bernanke and Paulson added some sweeteners for sure though.

  • nynick commented on the blog post Raising Minimum Wage Significantly Would Boost Economy

    2012-01-03 11:03:39View | Delete

    “Contrary to the opinion that we’re headed for a consumer-led recovery in 2012, most economic analysts see little movement on consumer spending. ”

    That’s not completely accurate. The fact is, there are consumers who will spend and have been spending throughout this recession. They’re called the rich and make no mistake, our economy is being increasingly built around their spending habits. We’ve hollowed out the middle class so corporate interests are no longer catering to this demographic. Marketers have figured out where we’re headed. A nation of serfs and overlords. The serfs will matter less and less. Our wages are depressed, our rights are fast eroding and our collective power to effect change is under assault. The overlords aren’t interested in re-animating the middle class, they’re hellbent on destroying any remnants of it. Where does it end? Eventually, it ends in armed revolution. They know it too but they’re convinced they can pull us back from the brink when the time comes. This combination of hubris and selfishness is their fatal flaw.

  • nynick commented on the blog post Banks Blow Off, Doom Foreclosure Fraud Settlement With AGs

    2011-09-09 12:19:31View | Delete

    There is really little value in settling with the banks at this point. The best thing that can happen for the financial system, the economy and the country is another crisis. This time, several of the big banks won’t survive and that is exactly what the system needs. Capitalism relies on failure. Failures are opportunities for someone else. The banks that fail will deserve their fate. The management of those failed banks will be out, new management and new money will come in. There is trillions of dollars on the sidelines waiting for just this scenario.