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July 21, 2015 06:49 AM UTC

Tuesday Open Thread

  • 25 Comments
  • by: Colorado Pols

“Men become civilized, not in proportion to their willingness to believe, but in proportion to their readiness to doubt.”

–Ambrose Bierce

Comments

25 thoughts on “Tuesday Open Thread

  1. Cucumber sandwiches …with crust, boohoohoboohooo 

    Omg- funniest, saddest thing I've read here since we elected front page editors.

    Progressicat for FPE!

    no chair will be provided, but give up login creds, earned. 

    1. Think Betfair has over-estimated Trump's chance of winning the nomination by a magnitude or two. I'm still hoping for a self financed reality TV show independent run, though. With The Thing On His Head as running mate. The Thing for short. The bumper sticker would read "The Donald and The Thing for Prez."

    1. It's not like the Social Security Ponzi scheme that Mike Coffman hates.  This one has the advantage of not only ripping off the elderly (hey, they'd just waste their retirement money on useless stuff like medications, hip replacements or worse, Democratic campaign contributions), it also provides chum for the sharks running insurance scams too!:

      More than 190,000 new recruits paid a fee to sign up for Primerica in 2014, according to the company's annual report with the Securities and Exchange Commission. But Primerica only boosted its total licensed sales force by 3,700 that year, and each member of the sales team earned an average of $6,030.

      Anything that vacuums up more money from the 99% and deposits it in the accounts of the 1% is by GOP definition, a good thing.

      1. "The same life, the same boring routine"  said Houston's David F."    His problem is that he lives in Houston.

        I agree it's a ripoff. But then no one is forcing these people to sign up. Whatever happened to due diligence? 

        1. CHB — that's not the point (there are 190 thousand suckers, what a surprise!).

          GOP Senators are promoting Ponzi-scheming businessmen as experts on why retirees should not expect their financial consultants to have their client's best interests in mind.

          In other words, let's not ask the foxes to design the security system for the hen house.

          1. Exactly. And while nobody is forcing anyone to sign up for anything people go to financial consultants because they don't feel they have the knowledge and expertise to navigate these things on their own. The idea that even financial advisers who have a reputation as being legit should be free to advise their clients against their interests so that the advisers can profit from their clients losses is like saying doctors should be free to give bad medical advise to their patients so the patients will become sicker to allow the doctors to make more profit off them, in this case by treating them for the resulting worsening health issues. Hey, doctors have a right to make as much as they can. People don't have to  "sign up" for any doctor's advice. Buyer beware.

            A world in which no one can feel that financial professionals who offer services have any obligation to help them instead of screw them is not a world that lends itself to a healthy economy. In such a world people who themselves lack financial expertise are better off just keeping their money buried in the back yard, doing no one any good, than trusting anyone to give them investment guidance. Healthy economies require a reasonable degree of confidence.

            There is no rational reason to oppose a simple requirement that financial advisers don't screw their clients on purpose for profit but GOP Senators do. There is even less justification for basing decisions on such matters on the the advice of Ponzi artists but GOP Senators do. We pretty clearly need to get rid of as many of those Senators as possible at the nearest opportunity in simple self defense,

            1. Sen. Warren nailed Primerica exec at yesterday's hearing (turns out he's a top contributor to GA Sen. Isakson who chaired the hearing — another "shocking revelation — not!)

              Sen. Elizabeth Warren (D-Mass.) on Tuesday embarrassed Primerica President Peter Schneider, who Senate Republicans had invited to testify against a new regulation designed to protect retirement savings from dodgy investment managers. The Obama administration estimates that Americans lose $17 billion a year from investment professionals who manage retirement accounts by prioritizing their own financial interests over those of their clients. It has proposed a simple solution: making that illegal.

              Congressional Republicans loathe the rule, but Warren's neat vivisection of Schneider underscores their difficulties in arguing against it. The GOP can usually rely on a nearly united financial industry front against Democratic regulatory proposals. This time, however, some big-name investment professionals actually support the rule, recognizing that it will purge the industry of bad actors and create business opportunities for those who don't rip off their own clients.

              http://www.huffingtonpost.com/entry/elizabeth-warren-primerica_55aec5dbe4b0a9b94852e71e?

              Way To Go Elizabeth!

  2. Let's see if this is the beginning of a trend or not:

    Overall, the new national poll from the Washington Post and ABC News finds Trump at the top of the field nationally with 24% support among Republican registered voters, well ahead of his closest rivals, Wisconsin Gov. Scott Walker (13%) and Florida Gov. Jeb Bush (12%).

    But there are some signs Trump's Saturday remarks questioning Arizona Sen. John McCain's military service may have been a turn off to some potential voters. The poll, fielded from Thursday to Sunday, found a drop-off in support for Trump in interviews conducted on the final day of fielding. While he earned 28% support during the first three nights of interviewing, that dipped to single digits on the final day.

    That shift occurred among a small sample of Republicans, so it's difficult to judge whether it will hold up as the campaign rolls on. But the poll finds other warning signs for Trump's campaign.

    Just 34% of Republicans think that Trump's views reflect the core values of the Republican Party, a majority, 54%, say they do not, and 31% of Republicans say they would definitely not vote for him in the general election should he win the party's nomination. About twice as many as have ruled out a vote for Bush.

    1. I'd need to see the actual link to the poll, but I think you inverted the numbers.  If 31% definitely won't vote for Trump, which is "About twice as many as have ruled out a vote for Bush"), then that means about 15% don't like Bush.

        1. Thanks for the link, BC.  What I find disheartening is that 34% of Republicans actually think Trump represents GOP core values, and 67% are satisfied with their choice of candidates.

          Talk about lowering your standards.  I even saw Sarah Palin is considering jumping back into the race.  She has a pathological need for attention (or her bank account is running dry and needs more suckers to send money).

                1. Yep!  Hilarious 🙂

                  And the reason for her current potential run? To piss off the "Left-wing Media", as if they actually cared.  She has quickly devolved into self-parody.

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