Politics
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- MrOneHundred0
If this bailout is meant to help the taxpayer, why is there no transparency? Why does the bill include no oversight, no accountability, no avenue for legal review EVER. It is a money grab and they are just asking us all to put on a blindfold while they do it.
- acescence0
interesting...
- ukit0
Ironically, Goldman Sachs stands to benefit greatly after their rivals have been taken down one by one...and Paulson is former Goldman Sachs CEO
- No irony there. It’s all part of the plan.MrOneHundred
- Trying to help his buddies I see...
Disgusting!!!!DCDesigns
- TheBlueOne0
Actually a great analysis, worth the headache, of how they're going to pull off this accounting trick and leave the taxpayer holding the bag:
- TheBlueOne0
Also an excellent, but lengthy, article here:
http://firedoglake.com/2008/09/2…
Good dénouement:
" All that is left is the threat of a financial meltdown, which will probably be found right next to Saddam's mushroom cloud, and a few doors down from the group at the Pentagon that has a secret plan to capture Osama bin Laden.
In short, the best thing the public can do, is tell Congress to shoot this turkey and start from scratch. The markets have not collapsed, nor are they in danger of taking down the economy with them. There is a recession coming anyway, one that has been predicted by almost every major source of economic analysis. And there will be plenty of time to provide monetary or fiscal stimulus in the event of a deepening down turn. However, this effort to prevent the Crash of 1929, is quixotic, ill founded, and unsupported by theory or practice. In 2002 Bush told us there were WMD in Iraq, when there was no credible evidence of anything resembling credible evidence of an advance WMD program. Tonight he will ask America for more money than funds the Department of Defense in order to engage in a project equally questionable.
Today's crisis is the interbank lending, the solution is not a massive bailout, but to break the liquidity oil linkage, and to put a wider umbrella over the financial system."
- DrBombay0
It is the last big heist of this administration, we have been getting fleeced by these 'patriots' forever, turn the lights on and watch them runaway until 2012
- DrBombay0
Everything you heard that seemed tinfoil hat shit is real. the war was for oil which is the modern day version of power, they record every phone call and have since the start of 2001, they classify protestors as terrorists and use the same laws to convict them, political dissenters are on no-fly lists. It is all real, all of the shit 3 years ago that people were saying was tinfoil hat conspiracy theories was real. Please fucking realize it. The $700 billion is a total last grab, like on the way out of robbing a liquor store.
At some point the alarm clock must go off and people need to realize, America is not everything the marketing department says it is.
- ukit0
- ukit0
- nice work, ukit.DrBombay
- spot onarthur
- Go shoot a moose®********
- "...I'll bring 'em to ya"...FFS this woman could be your President. Don't you guys think your country deserves some leaders that are not non compos mentis?BusterBoy
- ...leaders that are NOT non compos mentis?BusterBoy
- the way she says "bring em to ya" just makes my skin crawl.mg33
- robotron3k0
And if you live in Mississippi:
Andrew Mullins, special assistant to University Chancellor Robert Khayat, told ABC News that the Ole Miss campus has been transformed to accommodate the candidates and the press. Road blocks are in place on campus and in the community and the debate television set for the candidates has already been constructed. He said the university has spent roughly five and half million dollars getting ready for the debate.
Mullins also noted that if the Commission on Presidential Debates asks the campus to hold the debate at a later date, he is not sure the university would be able to accommodate them.
“It’s huge. You cannot just say that you’re not going to do this thing,” Mullins said. “I don’t have any idea whether we do the debate” at a later date. “[We] probably wouldn’t do it.”
- ukit0
Fox News Poll 9/22-23.:
Obama (D) 45 (48)
McCain (R) 39 (46)
- johndiggity0
if something is not done soon, the credit market is going to implode and it will take with it the bond and stock markets. then we will be pretty fucked.
- nah, you'll eat. unless you are living off of dividends.DrBombay
- they fucked you once dont let them fuck you twice. You hate taxes, remember.DrBombay
- the people who pay the people i work for live off the dividends. so yeah, i'll be fucked too. along everyone else.johndiggity
- free and fair markets will solve it all though, until it effects you.DrBombay
- then you agree with socialism, your ideals are liquid.DrBombay
- DrBombay0
the market SHOULD be able to right itself, right? without government intervention johndiggity?
you have only been saying this forever...
- WELL?DrBombay
- rick, good to see you are back.johndiggity
- and this really isn't socialism. this is serious shit right now. people are completely panicked and the government is the only one who can restore some type of confidence.johndiggity
- just in this thread, john. Nice to see you.DrBombay
- entity that can restore some type of confidence to the market. this really isn't political.johndiggity
- the government owning corporations is what then?DrBombay
- oh, you're right... communism is a better term.DrBombay
- the government is not owning corporations, they are buying debts that will expire under normal lending terms.johndiggity
- it's not as big a gamble as you think. anyway, there's a good chance there will be some other "administration" in control when these debts are paid back.johndiggity
- debts are paid back.johndiggity
- government controlled investment banks, hmm? 3 months ago you would have hated it.DrBombay
- g'night john.DrBombay
- Ahhh Bombay is Rick...haha I wondered why I could actually feel the long cold breeze of stupid in here.tommyo
- flashbender0
and McCain canceled his letterman appearance.
unforgivable!
- ukit0
http://mudflats.wordpress.com/20…
ANCHORAGE — Today a State Representative called on the Alaska State Troopers to look into possible criminal witness tampering in the state’s bi-partisan legislative Troopergate investigation. Since Gov. Sarah Palin was named to the McCain ticket on Aug. 29, the McCain campaign has sent campaign workers to Alaska to obstruct this investigation.
“Until McCain campaign staffers flew to Alaska to stop this investigation, the Governor and her staff agreed to comply with what we all know is a bi-partisan investigation. After Aug. 29 the campaign started working to block this investigation, and witnesses began joining that effort by ignoring their subpoenas and risking jail time. Something obviously changed the minds of these witnesses after Aug. 29th,” said Rep., Les Gara (D-Anchorage), a State Representative and Former Alaska Assistant Attorney General.
- DrBombay0
take the republican ideals and make a statue of it, it is fucking history. The idea of giving a trillion dollars to an administration that has squandered everything it has been given, in faith, is ludicrous. I would much rather take a hit on my 401K than I would on the dollar.
Print 700 billion singles, flood the market with it and when I travel next year, my money will be worth half of what it is right now. wake the fuck up.
- robotron3k0
- there's about 300 million more angry people like this guy waiting to explode!robotron3k
- robotron3k0
- there needs to be a long line of water carriers pumping mccain in that illiBonSeff
- johndiggity0
when a company as large as general electric cannot get more than 75¢ on the dollar in the credit market, i give it 2 weeks before major corporations begin to fail, and then the stock an bond markets will tailspin out of control.
- enter the bolsheviksDrBombay
- you'll feel right at home then!johndiggity
- ukit0
Interesting....
http://race42008.com/2008/09/24/…
The more I think about this, the more I feel that McCain was in a no win position on the bailout. Apparently only 4 House Republicans supported it as of this morning. So, when Mac says that the bailout’s passage was in doubt, he wasn’t joking. But, let’s say it did pass, with McCain’s quiet vote (he HAS to vote), but without stopping a large Republican revolt. Could McCain possibly survive that? Supporting a bill that talk radio and various Congressional Republicans have roused the conservative public to oppose? I know alot of those folks are pretty high on Palin, but I don’t think they’re going to silently swallow a McCain “Yes” vote unless this bill can somehow be made palatable to more Congressional Republicans. So where would that have left McCain? Bleeding conservative support, from a bill that he won’t get any credit for. That’s a terrible place to be. And what were the consequences had McCain decided to oppose the plan, and effectively kill it (assuming Harry Reid’s threat was operative)? Well, the economy is unlikely to improve significantly unless SOMETHING gets done (Bailout, Capital Gains tax Cuts, what have you). So McCain will have put himself in the position of stopping a plan Democrats (and Bush) assured us would revitalize the economy, as the economy continues to go South. Total disaster. Realistically, he needed to do something he has never managed in the past; actually control a significant number of Congressional Republicans. That probably really does require him to do some hard ground work, twist some arms, etc. I’m coming around to the idea that McCain DID NOT want to do this, and that it wasn’t intended as a gimmick jujitsu move, but was rather an attempt to make the best of a bad situation. It’s very possible that this narrative will never catch on; in fact, based on the coverage I’ve seen, I’m not so hopeful. But, it seems to me the most likely explanation.