Sanders taunts Jamie Dimon again

[booley]

Dimon said socialism would be a disaster for the country and said capitalism needs to be modified to better serve society. He repeated the points Wednesday in a CNBC interview in which he declined to talk about individual candidates. The Vermont lawmaker, a 2020 presidential contender who calls himself a socialist, shot back.

“That’s funny. Jamie Dimon seemed fine with corporate socialism when his bank got a $416 billion bailout from American taxpayers,” he wrote on Twitter Wednesday.

Dimon has previously said JPMorgan, which expanded during the crisis by acquiring collapsing rivals, didn’t need a bailout to survive. In 2012, he told the Senate his firm temporarily accepted $25 billion from a Treasury Department program because “we were asked to” so weaker rivals could tap it without being singled out.

https://www.bloomberg.com/news/articles/2020-01-23/bernie-sanders-taunts-jamie-dimon-again-after-ceo-jabs-socialism

Saying "everybody else was doing it" is still Socialism for the Rich, Rugged Individualism for everybody else.

[guillaumeb]

1. Dimon is a demon.

Sanders was correct. Capitalists love to privatize their gains, and socialize their losses.

[squirecam]

6. You can hate him

But TARP made the government a profit.

https://www.marketwatch.com/story/jp-morgan-goldman-sachs-other-banks-repay-tarp

https://money.cnn.com/2014/12/19/news/companies/government-bailouts-end/index.html

[Hassin Bin Sober]

7. Bailing out and educating poor and middle class also...

... turns a profit for the government (increased gdp, global competitiveness, and tax revenues ) yet we still call it socialism. Funny that.

[squirecam]

8. No it doesnt

Explain to me how giving free college to one at $26,000 a year, going to an out of state school and getting a degree in 17th century poetry will get the government that $ back. It won’t.

The TARP investment made money. Bailouts suck. But the point is to make the investment back and it did so.

[guillaumeb]

9. Explain to me how giving the already rich even more tax cuts

does anything other than make the rich even richer at our expense.

And please do not write about taxes being takings.

[squirecam]

10. I'm not in favor of tax cuts for the rich

So please don’t insult me.

Taxes should be raised on the rich. That doesn’t mean I support free college with the $.

[guillaumeb]

11. Look at free college as an investment.

Like building schools, and roads, and other social spending.

[squirecam]

12. I am looking at it like an investment

We are doing it right now. Just like TARP.

Please explain to me how investing $26,000 a year for someone to go to an out of state school for a degree in 17th century French poetry will get the government its $ (investment) back.

[guillaumeb]

13. You asked me not to insult you.

And you repeat this meme about, to quote you, "a degree in 17th century French poetry...".

How many such degrees do you think are handed out each year?

[squirecam]

14. I'm not insulting you

You know there are many non-economic degrees. Explain how spending $100k on a non-economic degree gets the investment back for the government.

TARP made $. You can hate it, but it’s true.

Will the person getting a poetry or non-economic degree repay that $100k....I think you and I both know the answer.

[guillaumeb]

15. How many of these degrees are handed out?

Are teaching degrees non-economic?

Are degrees in sociology non-economic?

[squirecam]

16. So you really don't want to answer....

I’ll try one last time.

It’s real simple. What is the degree, and what job can the holder of the degree get.

FORGET teachers. That is a special case, and all teachers should be provided subsidized loans and/or forgiveness.

Please take my one example and simply answer the question. Will someone with a poetry degree ever repay the $100k investment?

The answer is admittedly no...

https://www.bustle.com/articles/112236-10-questions-poetry-majors-are-tired-of-answering

[guillaumeb]

17. So you do agree with the idea of loan forgiveness. Good.

How about for Doctors who practice in underserved areas?

How about for every medical professional who serves in underserved areas?

How about lawyers who go into public service, such as public defense?

Some people forgo high paying positions to serve others.

[squirecam]

18. If you are not going to answer

Then I’m done with this.

I’m happy to answer your questions. Please do me the courtesy to answer mine with a simple yes or no.....

[guillaumeb]

20. Neither one of us has any idea what your mythical poet might do.

Bill Gates did not graduate from college.

[squirecam]

21. I even posted

A link to a poetry major who admitted it. It’s Sad that you won’t.

Because THIS is why the plan is a nonstarter. If you wont acknowledge truth and economic facts, you will never sell Democrats on the plan, let alone the country.

Either way, I’ve tried to have an honest discussion.

Your candidate will never sell free college to America unless she can answer tough questions honestly.

[guillaumeb]

24. A poetry major would mean 1 poetry major.

One single major.

[Hassin Bin Sober]

19. The figures I've read say a college degree is worth...

... a million dollars in increased wages over a lifetime. Now do the math on increased tax revenues and spending/gdp. Not to mention less reliance on public aid.

People need to stop thinking about an economy as they do their personal balance sheet.

My experience has been people who complain about obscure degrees never set foot on a college campus.

[squirecam]

22. What you've allegedly read

Is not an answer. Please look at post # 16, where a poetry major admits it.

Let’s have an honest discussion based on facts. There is no economic repayment by this person of a 100k investment in a poetry degree.

Unlike TARP. Which made a profit.

[Cuthbert Allgood]

23. So much condescension and so much wrong in one post.

Nobody is calling it "free college."
It's $26,000 a year because colleges suck, are bloated at the top, and mismanage a lot of shit. That needs to stop.
What's wrong with out of state schooling?
And, really, why do you have to shit on English majors as the poster child for people that will never do anything in their life. Fuck.

[50 Shades Of Blue]

2. Bernie nailed it on that one!

[The Wielding Truth]

3. So. Corporate socialism is just ducky with those who want to put the fear of socialism out there?

[tirebiter]

4. There are more important things happening

Has Bernie convinced any Republicans to demand witnesses and documents for impeachment? Has he tried between naps?

[question everything]

5. Except that he is now rescuing Detroit

https://www.democraticunderground.com/100212674700