Politics
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- ukit0
- TheBlueOne0
...and holy shit, the Nikkei just dropped nearly 600 points on open...
- ukit0
So those of you who hate the bailout are happy, right? This is what you wanted?
- The bailout would have done nothing to stop this.MrOneHundred
- just like Fortis bailout did not work. Fortis dropped 20% again today...janne76
- TheBlueOne0
Isn't this a Bush executive branch end around?
"The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.
The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. The Term Auction Facility, the Fed’s emergency loan program, will expand by $300 billion to $450 billion. The European Central Bank, the Bank of England and the Bank of Japan are among the participating authorities.
The Fed’s expansion of liquidity, the biggest since credit markets seized up last year, came hours before the U.S. House of Representatives rejected a $700 billion bailout for the financial industry. "
- So Bush just came up with $630 billion on his own? They're just printing it...we're fucked...TheBlueOne
- Yep, printing money is going to lead to massive inflation.MrOneHundred
- the fed can do whatever it wants. it answers to no one.johndiggity
- ukit0
Meanwhile....
JERUSALEM (AFP) - Prime Minister Ehud Olmert said Israel must give up almost the entire occupied West Bank including east Jerusalem as the price for peace with the Palestinians, in an interview published on Monday.
"We have to reach an agreement with the Palestinians, the meaning of which is that in practice we will withdraw from almost all the territories, if not all the territories," said Olmert, who heads a transitional government following his September 21 resignation.
"We will leave a percentage of these territories in our hands, but will have to give the Palestinians a similar percentage, because without that there will be no peace," he told the mass-circulation newspaper.
"What I am saying to you now has not been said by any Israeli leader before me," Olmert told the Yediot Aharonot daily in what was widely seen as the political testament of an outgoing leader left with only limited powers.
Giving up parts of the city is key to Israel's security, Olmert said, pointing to deadly July attacks by Palestinians from east Jerusalem who ploughed through crowded streets with bulldozers.
"Whoever wants to hold on to all of the city's territory will have to bring 270,000 Arabs inside the fences of sovereign Israel. It won't work," Olmert said.
"I am not trying to justify retroactively what I did for 35 years. For a large portion of these years, I was unwilling to look at reality in all its depth," he said.
The Yediot Aharonot said Olmert "admits that he erred in his foreign policy views and actions for decades."
- janne760
Fuck me!
- hallelujah0
"Want to know what a real leader, a reassuring, hopeful leader sounds like in the face of potential panic? He sounds like this:
Obama told voters at a campaign event in Denver, Colorado, that it's important to "stay calm, because things are never smooth in Congress."
"There are going to be some bumps and trials and tribulations and ups and downs before we get this rescue package done," he said. "I'm confident that we are going to get there, but it's going to be a little rocky."
Want to know what a bitter, cranky, washed up loser sounds like in the face of a potential panic? He sounds like this (from the McCain camp):
"From the minute John McCain suspended his campaign and arrived in Washington to address this crisis, he was attacked by the Democratic leadership: Sens. Obama and [Senate Majority Leader Harry] Reid, Speaker Pelosi and others.
"Their partisan attacks were an effort to gain political advantage during a national economic crisis. By doing so, they put at risk the homes, livelihoods and savings of millions of American families," Doug Holtz-Eakin, a senior policy adviser for McCain and his running mate, Alaska Gov. Sarah Palin, said in a statement.
"Barack Obama failed to lead, phoned it in, attacked John McCain and refused to even say if he supported the final bill. ... This bill failed because Barack Obama and the Democrats put politics ahead of country," he said.
Reading this, I actually began to shake a bit from rage. Maybe it was too much caffeine. But McCain is such a tremendous asshole of the highest caliber, I can barely process it."
- There is so much evidence already in the media to contradict that (R) view. No spin will help them here.MrOneHundred
- ukit0
Today, the Washington Post's Howard Kurtz reported on potentially embarrassing clips of Sarah Palin being interviewed by Katie Couric that haven't yet been aired. The Politico has more information on one in particular:
Of concern to McCain's campaign, however, is a remaining and still-undisclosed clip from Palin's interview with Couric last week that has the political world buzzing.
The Palin aide, after first noting how "infuriating" it was for CBS to purportedly leak word about the gaffe, revealed that it came in response to a question about Supreme Court decisions.
After noting Roe vs. Wade, Palin was apparently unable to discuss any major court cases.
There was no verbal fumbling with this particular question as there was with some others, the aide said, but rather silence.
- SteveJobs0
zzzzing-tastic:
- NONEIS0
The real dominoes are starting to fall, this is not just about us, we are fucking everyone else over too...
- tommyo0
Everyone needs to read this article, including our lame duck politicians. Very logical and sensible explanation of what is happening with the bailout. And what needs to change in our policies to keep this from happening in the future. To vote for the bailout it only going to prolong and support the hiccups we're seeing right now. Keep our politicians voting against this stupid bill!!!
- tommyo0
And some scary shit from a Ron Paul interview with Glenn Beck:
- tommyo0
Check how your representative voted on the bill:
- i'll be happy to vote out Williamsburg Brooklyn rep Velázquez in November.robotron3k
- tommyo0
Shit man there are 26 Reps here in California that voted for this thing...how the hell am I going to write all of them?
btw, Pelosi voted for it... I guess pelosi-blew-it.com is going up! How about a Pelosi based Political Thread PS Battle??
- Pelosi issue is what is called smoke and mirrors by those who want to distract us...TheBlueOne
- What 'Pelosi issue'? She voted for it. That's an issue for me.tommyo
- Oh man, NY was niiiiiiiice. Except I left my new iPhone at a damn bar. :*(tommyo
- oh that sucks....next time your in town I'll buy you a drinkTheBlueOne
- GeorgesII0
Its funny, everyone is pissed of about the wallstreet bailout,
but it will be hell when they'll learn about the 940billions "borrowed" by the banks in one fuckn week,"New York, N.Y.) U.S. banks borrowed $188 billion per day on average in the latest week from the Federal Reserve, meaning that the Fed loaned out more money than the Treasury’s proposed bailout in just one week, still barely managing to keep the economy afloat.
Federal Reserve data showed on Thursday the total amount banks borrowed nearly quadrupled the previous record of $47.97 billion per day notched just the week before, Reuters reports.
$188 billion per day on average over the course of five days means that the total amount borrowed from the Fed in the week ending the 24th September stood at $940 billion - a figure that easily eclipses the proposed $700 billion bailout."
- TheBlueOne0
As, so it will be fascism, Mussolini style then:
- Seriously. Download the recording of the phone call from there to see what the Financial Masters were planning.TheBlueOne
- planning. All those "provisions" were bullshit...TheBlueOne
- here's a link to the torrent:
http://thepiratebay.…
TheBlueOne
- TheBlueOne0
Amazing the things one can do with a semi-automatic rife, an airplane and a pilot:
- janne760
Hey American citizens, please, do not whine next time we (foreigners) do care a LOT about who is gonna be your next president and what his foreign and domestic policy is going to be.
Because, it DOES affect us.
Thanks.
- Indeed, this is but one example... We also like the soap opera nature of the politics.....lowimpakt
