Yes, Denninger is correct about the reality that our government is spending us into oblivion. That only proves that a broken clock is correct twice a day.
Denninger also dismisses the Tea Party in this fashion:
"To the Tea Party: Go Screw Yourself"
http://market-ticker.org/akcs-www?singlepost=2222649
Taking the side of the Soros-backed Occupy Wall Street mob should put the nail in the coffin of Denninger's discredit.
http://www.humanevents.com/article.php?id=47009
It does not guarantee the right to squat for months in public parks, causing public disturbances and sanitation problems. Get a grip, Denninger - the Occupy Oakland perps were not evicted because of their political protest, just their living arrangements.
In focusing on the OWS part of this, it is easy to miss the larger point that we are living more and more in a police state.
I read the Market Ticker every day. I disagree with KD in his view that the Tea Party has sold out. However, what he has said about OWS is not so much an endorsement of the backers like Soros, but an encouragement to engage the people on the street. I think that’s a waste of time, as most of the protesters are there looking for a free lunch, sex, and a drum circle, but Denninger is still correct about the flaws of the financial sector and its collusion with big government.
If you look at the dictionary definition of a fascist economy then look at what we have, the difference is negligible. From FreddieMac and FannieMae to the Fed to appointment of Goldman-Sachs executive as Treasury Secretaries to the government bailout of unions via the take-over of GM, this is a fascist economy. We have not yet become a complete authoritarian police state like Nazi Germany or Italy under Il Duce, but that is the direction. It is time to stop it.
I only recall Denninger as a loopy birther who put out a video claiming Hussein’s birth certificate was fake (I think it was posted here endlessly). Otherwise, I’d never heard of him. If he supports these Occupy vermin, then my original impression of him as a nut is confirmed.
I’ve often agreed with Denninger that a dozens if not hundreds of financial felons deserve to be frog-marched off to jail. Some of the shady doings in high-finance are blatantly criminal, from derivatives to forged foreclosures.
But the Occupy movement is not the way to correct the problems. Sorry, Karl.
Enforcement of existing laws, by a Justice Department based in reality, is what we need.
You are so off base it’s laughable. You’re a conservative?
You make no mention of the police actions which is what he’s writing about. You don’t like his comments on the tea party? Do you believe in the constitution? What is your opinion on the police actions?