Thursday, December 26, 2013

Travis Gettys — Pope’s ‘liberal’ views on capitalism freaking out conservative Catholics in Congress (via Raw Story )

Pope’s ‘liberal’ views on capitalism freaking out conservative Catholics in Congress (via Raw Story )
Catholic Republican lawmakers are rattled by Pope Francis, whose recent comments have shaken up assumptions about their church and its relationship to their political party. While church leaders have for years challenged the Republican Party on some…


6 comments:

Tom Hickey said...

Another Catholic lawmaker, Rep. Paul Ryan (R-WI), said Pope Francis perhaps doesn’t have enough understanding of capitalism to fully appreciate its benefits.

“The guy is from Argentina, they haven’t had real capitalism in Argentina,” Ryan said. “They have crony capitalism in Argentina. They don’t have a true free enterprise system.”

But Ryan, a vice presidential candidate who’s considered to be a contender for the presidential nomination in 2016, said he welcomes the debate.

“What I love about the pope is he is triggering the exact kind of dialogue we ought to be having,” Ryan said.


ROFL. What doesn't Ryan understand about crony capitalism, he who has never held a "real job."

Matt Franko said...

This is textbook "blind guides of the blind" here Tom.... neither the politicians or the Pope have any solution....

IMO "the Church" (metonym ALERT!) doesnt have any authority to impose judgement in this case (ie 'economics') but our govt institution does have the authority... 'the church' has to admit this and start to harangue the govt people into imposing judgement or get people in there who can....

Since 'the church' doesnt have a solution either, they probably are less likely to press too hard as they cannot overcome the "we're out of money" retort from the govt morons...

And since the Bill Oreilly book is the best selling book globally in Christendumb right now, the premise of which is that Christ was crucified because 'the Romans were running out of money', this view has probably polluted the Vatican people too...

We need to come across about $200M imo and we can get this done ourselves...

rsp

y said...

The Pope should have a long one on one conversation in private with Rep. Ryan. Help the boy out. Help him to escape his adolescent Ayn Rand phase.

googleheim said...

exactly - ayn rand for teenagers,
the church to press the public to grow up, and someone to tell paul ryan how the U$D pegged the peso to crater in 2001 via Norman MMT invariant analysis.

true stimulus to provide liquidity to the private sector, not QE for the intermediate banker sector.

my analogy from 2009 was that the playing field was removed by the derivatives market blow up of the markets ... which was a way the banks learned to take over the U$D and genetically modify it so that they held it against the rest of the private sector and the federal government.

the Volcker rule will seek to reign in the derivatives.

there is no stimulus spending and no sufficient tax cuts to prevent recession ... or is there.

Obamacare could be a stimulus then a tax credit sort of tax lowering but the math is not percolating into the economy.

If you are self employed in states that did not expand Medicaid, then you might find a tax credit or a due tax ...

googleheim said...

derivatives are a form of "printing" by the banks to control the currency and decrease sovereignty of the currency by the issuers and the ultimate users ...

The Rombach Report said...

"the derivatives market blow up of the markets ... which was a way the banks learned to take over the U$D and genetically modify it.."

A genetically modified dollar! Interesting!

"the Volcker rule will seek to reign in the derivatives."

This effort will be about as successful as the war on drugs.

"Obamacare could be a stimulus..."

Obamacare is definitely a stimulus for healthcare insurers and big pharma.

"derivatives are a form of "printing" by the banks to control the currency and decrease sovereignty of the currency by the issuers and the ultimate users ..."

Derivatives are a bi-product of fiat money.