War Profiteering Act of 2007 introduced

Discussion in 'Political Discussions' started by Abner, Jan 8, 2007.

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  1. Abner

    Abner Well-Known Member

  2. PhD2B

    PhD2B Dazed and Confused

    This is good but how are you going to press criminal charges against companies like Halliburton where people as powerful as Dick Cheney are in charge?

    Politicians have their hand in a lot of things besides politics and when conflicts of interest come up, such as making a profit versus serving the people that elected you into office, what do you think is going to prevail in the end?
     
  3. SteveFoerster

    SteveFoerster Resident Gadfly Staff Member

    Hint: Lying you-know-whats

    Self interest. There's a whole branch of economics that studies this, called Public Choice theory.

    I heard that one of its proponents once set up a fictitious mutual fund called the "LMF fund", based on the idea that everything politicians say is a lie. For example, if a prominent politician said that the government would move to lower hosing costs, the fund would assume that housing prices would rise. Evidently the fund outperformed the market. Before anyone asks, no, I don't have more information or a citation, this was just a story I heard from someone who was a economics graduate student a while back. Still, it's eminently believable, isn't it?

    -=Steve=-
     
  4. PhD2B

    PhD2B Dazed and Confused

    That's hilarious.

    Who manages that fund? ;)
     
  5. SteveFoerster

    SteveFoerster Resident Gadfly Staff Member

    I wish I knew and that it were real!

    -=Steve=-
     
  6. lspahn

    lspahn New Member

    Does leaking classified information to the press for preferencial treatment count as corruption?


    Just wondering? I think it counts as self interest right?

    Another hypocrite (not you ab!) spouting a convenient line at a time he feels is comfortable. Wait till ole Harry Reids dealings start to come out alittle more now he is in charge of the Senate. Talk about corrupt, he hangs with and makes "shaddy" deals with mobsters in which he profite 100s of thousands of dollars (with no taxes by the way), but yet no outrage. No outrage from the people who want justice for the little guy! No outrage from those who repesent the weak and oppressed! No justice....well you get the point. I mean who picks on weak and downtrodden people more than criminals like mobsters, and yet no one on the left or in the press for that matters seems to care. And where the heck is the IRS in all this? Wonder why? Its because its a matter of convience. What ok for my guy is not ok for yours. Both sides are very guilty of it. That to me means most of this posturing is total BS because the standard dont apply to themselves...At least Folly left in disgrace, unlike Democrates who had physical relations with teenagers and then later gave him a committee chair.

    Dont be naive and think that ole "Leaky" or any one of the 100 clowns in the senate dont have their hands in the cookie jar. Politicians are in their nature completly self interested, and this act itself is an attempt to cast one side as "more corrupt" than another. Remember the Clinton cabinet. Should have put a revoloving door for a while there.

    Just keep it all in perspective, give them 6 months, and they will be back to business as usual.

    Hope everyone had a good New Year!!!!! Glad to see the forum funcitoning again...
     
  7. PhD2B

    PhD2B Dazed and Confused

    That is exactly what I was thinking.
     
  8. Ted Heiks

    Ted Heiks Moderator and Distinguished Senior Member

  9. wannabeit

    wannabeit New Member

    Very, very interesting. Too bad nothing will happen to Dick Cheney.
     
  10. lspahn

    lspahn New Member

    Nothing will happen to any of them. Did you see the dancing around Sandy Burgler? I mean they guy stole and destroy documents from the national archive! Not to even get into his intent, and exactly what he was willing to risk jail time over. Hmmmm...wonder what it could be???
     

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