Skip to comments.Kooky Ignorance: Michael Moore Claims Wall Street Wants Intentionally High Unemployment
Posted on 09/24/2009 6:37:11 AM PDT by Rufus2007
If any policy maker watches Michael Moore's new movie, "Capitalism: A Love Story" and is influenced by it - be afraid, be very afraid.
Moore appeared on CNN's Sept. 23 "Larry King Live" to promote his movie, but he shared with host Larry King he thoughts on why the stock market has rallied off its lows, despite a rising unemployment. His reasoning - Wall Street like joblessness, because it's more for them. Moore outright told King Wall Street wants people unemployed.
"It's crazy, isn't it?" Moore said. "I'll tell you why: Because your employees are your biggest expense. And, as you've noticed in the last few months, as the unemployment rate has gone up, so has the Dow Jones. Now, you'd think, you know - that Wall Street would respond with, Oh my God, unemployment is going up, you know, this is bad for business.' But the reality is, is that Wall Street likes that. They like it when companies fire people because immediately the bottom line is going to show a larger profit."
(Excerpt) Read more at newsbusters.org ...
Woo Hoo - Award Mikey a PHd. in Economics From Wharton AND Harvard!
We need to define the term “Wall Street.”
There are the average traders and investors. They do not want high unemployment.
Then there are the mega-powers that are the partners and servants of international central banking. I wouldn’t doubt if they do, in fact, want high unemployment.
If the latter is the case, then Michael Moore is once again openly displaying his lack of knowledge, for those mega-powers and Michael Moore have the same goal: global Socialist control and a two-tier/two-class society (the ruling and elite and the “workers”).
It matters not if they have to come to that structure through massive unemployment.
Michael Moore Claims Wall Street Wants Intentionally High Unemployment,
Yep, Mike, the most profitable companies have no employees at all! Think of the money they save!
I would no more (heh, heh) give Moore any credibility as an economic expert as I would a pig on how to keep a house clean. In fact, the pig would probably be less messy than Moore. If Moore wants “fairness,” maybe he can start by dispensing some of the millions he’s made through his books and movies. Come on Mike, give me some of that swag. After all, it’s only “fair”. (smirk)
“Then there are the mega-powers that are the partners and servants of international central banking. I wouldnt doubt if they do, in fact, want high unemployment.”
I find it hard to believe that anyone WANTS high unemployment, except for one entity, the government. Socialists need people out of work and dependent on the government teat.
As to the people on Wall Street, I believe there are many who don’t care what the employment rate is, but I can’t imagine where unemployment is good for business.
Exactly. And remember another common Leftist complaint: "Women are paid only 72 cents for every dollar a man earns". I suppose that's why all the big, profitable companies never hire any men -- they just hire women and save lots of money on labor costs. Right?
The claims of the Left are patently untrue (consider Global Warming) but somehow it is considered impolite to call them on it.
It isn’t kooky if Michael Moore is in with the Wall Street branch of the New World Order shadow government.
Proof that so much of what some people call conservatism is actually old fashioned HICK populism (populism, of course, being socialism for the resentful rural types).
Capitalism seems to have worked very very well for this hog and his wife. Pigs get fat when times are good and the scraps keep coming over the fence. What a hairy armpit this joker is.
It is if you are in the business of “acquiring” the value of other peoples’ assets.
“It is if you are in the business of acquiring the value of other peoples assets.”
I accept the correction. I guess I don’t have what it takes, since that sort of thing didn’t occur to me.
The hardest aspect of all this for me to accept (as I’ve studied it over the past years) is the collusion between “Capitalists” (bankers, industrialists, stock-market moguls) and the global Communists/Socialists. That part of it really threw me for a loop until I realized that they have the same goal, albeit from two opposing directions. They both want absolute control. “Capitalists” become corporate socialists when they are willing to collude with the State in order to gain a monopoly over their industry.
Pretty sad, but any system is only as strong as its weakest link. And in economics and liberty vs. tyranny, that weak link is a part of human nature and it is greed. Greed for money. Greed for power. Greed for control.
We, as conservatives, are aware of this and encourage voluntary, individual restraint so that liberty doesn’t become anarchy, which ends up being controlled by the State.