there goes my retirement SS

[rob]

funny that the conservatards are staying out of this thread.

 

It's like the fat guy who avoids the bathroom cause he just dropped a huge greasy shit in there.

[bobinc]

The last steps of W's political suicide are now complete.

 

 

Note Condi Rice is still trying to build her legacy by talking tough to the Russkies.

[rob]

The last 8 years have been such a spectacle. I can't BELIEVE anybody would consider voting for the Palin/McCain ticket at this point.

[Jim]

Way sick.

 

Recall, too, that in the 30s many more people lived on farms so at least could feed themselves.

 

Also, back then we had factories that could make products the rest of the world wanted to buy.

 

Now we have factories of debt.

 

 

This points to an interesting question. Given that most of the wealth creation in this country has been related to illusory financial acrobatics, debt, and speculative bubbles at the same time real production has either been in decline or off-shored, what are the foundations for future American economic growth?

 

Oh dear. The facade is falling off the empire, and fast. Early in the Bush administration I said "If I were president I'd be looking around the world and thinking - that China and India will be coming on strong in the next half century, we'd better start investing in infrastructure, education, and energy innovation". Instead what do we have. A cripppled economy, 50 billion going down the toilet a year in Iraq, and an ever growing debt level. Folks, welcome to the shrinking US economic/world power.

 

[Hugh Conway]

The last 8 years have been such a spectacle. I can't BELIEVE anybody would consider voting for the Palin/McCain ticket at this point.

 

Keep showing your disgust for middle America nattering nabob of negativism!

[pc313]

Well Reagans off the hook as the biggest fuckup!!

Edited September 19, 2008 by pc313

[glassgowkiss]

I'm switching my vote to McCain because I'm concerned that the hyper-wealthy, just because of a few years of bad judgement which could happen to anyone, might be reduced to just really wealthy. Plus, I'm a commie.

 

Oh, and I love McCain's 'new' idea of creating a Trust. Are we going to clone and resurrect J.P. Morgan to run it?

o

 

I know that is tongue in cheek talk there, BUT, hasn't GW become the most socialist of all presidents? Where did his conservative goals go? He created two new government agencies, the biggest increase in govt employment, now this, buying up companies. I suppose socialists should in fact support GWB. (p. sorry fairwether.)

fairweather is an indoctrinated idiot and in this current situation he run out of slogans to blindly repeat. that goes for the rest of white trash voting for GB. he still claims he knows this country better then the rest. at least he has his cheesus.

[tvashtarkatena]

The last 8 years have been such a spectacle. I can't BELIEVE anybody would consider voting for the Palin/McCain ticket at this point.

 

I like Palin's funny little anecdotes about her kids. She's so NORMAL, you know?

[prole]

Well Reagans off the hook as the biggest fuckup!!

 

Whose administration do you think was the primary ideological architect of this house-of-cards?

[JoshK]

FW, where the hell are you?

 

I just love how Bush was on TV blabbing that he still believes it's very important for the government not to regulate corporations at the same time he is announcing what amounts to a massive increase in government's involvement in the markets. Conservatives or communists, hurry up and pick already, you republitard shitheads.

[dmuja]

 

The Outstanding Public Debt as of 19 Sep 2008 at 09:38:22 PM GMT is:

[img:left]http://www.brillig.com/debt_clock/debtiv.gif[/img]

 

Russia and China have just merged and issued the following joint statment

 

"Hey yankee punk bitches,

 

Your women and children will be our slaves!"

[Off_White]

Private debt dwarfs public debt by more than an order of magnitude. That's you, your credit cards, your car loans, and your mortgages

[dberdinka]

Thats BS. Gov debt per individual is $32,000. Your telling me private debt per individual is at least $320,000? Or do you operate in some other base besides 10?

[tvashtarkatena]

Shit, m'fckrz, i owe my coke dealer more than that.

[j_b]

The last 8 years have been such a spectacle. I can't BELIEVE anybody would consider voting for the Palin/McCain ticket at this point.

 

Keep showing your disgust for middle America nattering nabob of negativism!

 

What? You must be some kind of pro-establishment democrat for never wanting to tell the truth by fear of offending those you'll never convince anyway. Noticing that a significant fraction of americans will keep voting for the pirates no matter what they do, isn't showing disgust for middle america but stating a reality that has to be confronted.

[glassgowkiss]

now it gets even better! pretty much over night the numbers went up from 500 billion to 700 billion. and the outline of this bailout is 3 pages long! wtf, my car loan was something like 20 pages long! and of course this can't be looked over by the court system. now how the fuck is it supposed to work- borrow 700 billion to bail companies that made a lot of bad decisions and no oversight???!!!! it's fucking one step away from one party system. let's welcome our version of Putin.

[prole]

"It pains me tremendously to have the American taxpayer put in this position but it is better than the alternative."--Henry Paulson 9/21/08.

 

His net worth is estimated at $700 million.

[TREETOAD]

All these companies are owned by the people now, that is the way it should be.

[TREETOAD]

I read once, that capitalism breeds communism,

good thing you have all those tax dollars to shore up the big boyz.

[prole]

funny that the conservatards are staying out of this thread.

 

It's like the fat guy who avoids the bathroom cause he just dropped a huge greasy shit in there.

 

"I'm not here

This isn't happening."

[Bug]

funny that the conservatards are staying out of this thread.

 

It's like the fat guy who avoids the bathroom cause he just dropped a huge greasy shit in there.

 

"I'm not here

This isn't happening."

 

They can't beleive they were dupped so badly.

"People are more easily taken by a big lie than by a small lie."

Once they swallow the big lie, they have to follow the turd down the hole to beleive it is a turd.

 

[Buckaroo]

funny that the conservatards are staying out of this thread.

 

It's like the fat guy who avoids the bathroom cause he just dropped a huge greasy shit in there.

 

"I'm not here

This isn't happening."

 

They can't beleive they were dupped so badly.

"People are more easily taken by a big lie than by a small lie."

Once they swallow the big lie, they have to follow the turd down the hole to beleive it is a turd.

 

They've been duped by the corporate television. Madison Avenue has packaged and sold them shi* for shinola. When they can take a village idiot and turn him into presidential material now that's marketing.

 

Orwell was prescient, he wasn't even that far off on the year.

 

"China's democracy has advanced to the point where America was in the 1880's. Patent medicine, Robber Barons, and no regulations. America on the other hand, has regressed back to that point."

[tvashtarkatena]

funny that the conservatards are staying out of this thread.

 

It's like the fat guy who avoids the bathroom cause he just dropped a huge greasy shit in there.

 

"I'm not here

This isn't happening."

 

They can't beleive they were dupped so badly.

"People are more easily taken by a big lie than by a small lie."

Once they swallow the big lie, they have to follow the turd down the hole to beleive it is a turd.

 

They've been duped by the corporate television. Madison Avenue has packaged and sold them shi* for shinola. When they can take a village idiot and turn him into presidential material now that's marketing.

 

Orwell was prescient, he wasn't even that far off on the year.

 

"China's democracy has advanced to the point where America was in the 1880's. Patent medicine, Robber Barons, and no regulations. America on the other hand, has regressed back to that point."

 

If they've been duped by television, then how did the folks back at the turn of the century get duped?

Edited September 22, 2008 by tvashtarkatena

[Stefan]

I aint no economist.

 

But it appears these S&L bailout and the current bailout have resulted in poor decisions by management after deregulation in their industries came about.

 

Then the question for the current crises was what was the deregulation, and who voted for it?

[glassgowkiss]

The answer to your question is rather complex. It started with clinton and greenspan, but it's the administration of gb who put the mail in the coffin.

There is a great article in the latest Time. I think also all these "experts" should fuck off, since they completely lost touch with real life on the street. Here is a quote from one of them:

"How were we supposed to know that people who lied about their incomes and assets would walk away from mortgages on houses in which they had no equity? That wasn't in our computer model. It's not our fault".

i don't see how dumping 700 billions would cure the situation in a long run. one of the big drags on the economy is our budget deficit. so i don't see a logic of making it bigger. let the cleaning of the system start. companies and individuals, who made bad decisions should suffer consequences. i say no bail out!