Depression at U.S. doorstep

[watermock]

We are at the point of begging foreign governments, ANY governments to buy dollars.


There are dark days ahead folks. It's everywhere. You think the residential crisis was bas, here comes the commercial collapse. Merril Lynch, GM, AIG are collapsing.

Two companies will be left, morgaged with foreign money...Chase and Bank of America.

Bush is a traitor and should be arrested. He is owned by the MNC's.

It's class genocide right before our eyes. Read the money section lately? just a glimpse:

http://www.usatoday.com/money/industries/insurance/2008-09-14-aig-examines-options_N.htm

AIG's stock, which traded at about $70 last fall, tumbled 61% Monday to $4.76.

[L.A. BRONCOS FAN]

Bush is a traitor and should be arrested.

No kidding?

I had no idea. ;)

[Bronco_Beerslug]

Depression at U.S. doorstepIt could be but I doubt there are enough people in this country that stay informed or care about the current economics to start a panic run. You never know though.

[Spider]

We are at the point of begging foreign governments, ANY governments to buy dollars.


There are dark days ahead folks. It's everywhere. You think the residential crisis was bas, here comes the commercial collapse. Merril Lynch, GM, AIG are collapsing.

Two companies will be left, morgaged with foreign money...Chase and Bank of America.

Bush is a traitor and should be arrested. He is owned by the MNC's.

It's class genocide right before our eyes. Read the money section lately? just a glimpse:

http://www.usatoday.com/money/industries/insurance/2008-09-14-aig-examines-options_N.htm

AIG's stock, which traded at about $70 last fall, tumbled 61% Monday to $4.76.
I wish more people paid attention ....

[L.A. BRONCOS FAN]

I wish more people paid attention ....

Especially when we tried to warn them that Bush was a crook four years ago (or eight years ago, for that matter.)

[Garcia Bronco]

The whole world's economies are slowing down. George Bush did it.

[Mr.Meanie]

I see a big depression coming on too.

I also dislike Bush, and think his policies were horribly thought out and executed... but he's hardly a traitor ::)

[baja]

We are at the point of begging foreign governments, ANY governments to buy dollars.


There are dark days ahead folks. It's everywhere. You think the residential crisis was bas, here comes the commercial collapse. Merril Lynch, GM, AIG are collapsing.

Two companies will be left, morgaged with foreign money...Chase and Bank of America.

Bush is a traitor and should be arrested. He is owned by the MNC's.

It's class genocide right before our eyes. Read the money section lately? just a glimpse:

http://www.usatoday.com/money/industries/insurance/2008-09-14-aig-examines-options_N.htm

AIG's stock, which traded at about $70 last fall, tumbled 61% Monday to $4.76.

Another one realizes what some of us have been saying for in my case 4 years.

[Rohirrim]

I see a big depression coming on too.

I also dislike Bush, and think his policies were horribly thought out and executed... but he's hardly a traitor ::)

Really? He outted a covert CIA agent? In the 70s, when his dad wrote the law, he said he considered such an act to be treason.

[Spider]

I see a big depression coming on too.

I also dislike Bush, and think his policies were horribly thought out and executed... but he's hardly a traitor ::)

I dont know about that ...... he left OBL to go pick a fight in iraq , he created a panel that made the Enron loophole , Gave companies tax breaks to move jobs over seas , His administration tried to use the Justice dept as a political tool , circumventing FISA , hiring incompetent people and putting them in high positions ,outing CIA agent Plame .......

[watermock]

AIG insures hurricanes and crops, they want/need 70 billion, among others...just to survive short term...

[TheDave]

AIG is a bad situation but giving them a nickle of public money is stupid.

Gonna have to let this one play out... As painful as that might be.

[alkemical]

The whole world's economies are slowing down. George Bush did it.

Events like these - seem to give creedence/power to the whole idea of the "Illuminati" pulling the strings...

[gyldenlove]

The economy is in the ****ter. With several investment banks going down the drain quickly, a lot of people will lose a lot of money. This won't hurt really rich people that much, but it will hurt insurance companies and pension funds who are heavily invested in stocks.

[alkemical]

The economy is in the ****ter. With several investment banks going down the drain quickly, a lot of people will lose a lot of money. This won't hurt really rich people that much, but it will hurt insurance companies and pension funds who are heavily invested in stocks.

Come on, think of all the liquidity we can inject by making SS put into stocks!

[Rigs11]

The whole world's economies are slowing down. George Bush did it.
the world's economies are dependent on the US economy. pay attention.

[Dudeskey]

Events like these - seem to give creedence/power to the whole idea of the "Illuminati" pulling the strings...

thats for sure... And thats always had me wondering about the depression in the 1930's... Like it was the setup for the planned coup that was fortunately exposed by Smedley Butler...™

[watermock]

the world's economies are dependent on the US economy. pay attention.


hat's not nearly as true anymore. They would miss our CONSUMER SPENDING...and MILITARY PRESENCE...

They react because their economies are dependent on our consumer spending.

We don't build anything anymore and frankly, our investment capital is gone.

The one thing we have is FOOD and even that is dependent now in intensive use of petrochemicals for fertilizer, transportation ect.

Investment capital is now in places like Dubai, Japan, S Korea, Germany and China. Companies like Merril Lynch and AIG are broke/being consumed by said countries 10 cents on the dollar.

Oh, and the international oil companies that have no loyalty to any one country.

[Bob]

You guys could be on the Titanic and argue who was the blame as the ship sinks into a watery grave. So freaking shallow -- not to mention stupid to play the hand the two part system has given you -- if all of teh bastards are not held accountable, and can shift blame, it will continue to happen.

So I assume that EVERYONE on the left wants more government to fix it, and have to shift all the blame to Bush and the right. Bush has spent us to death -- I also blame him for that, but when looking at all the players who expanded lending to the poor and combined a private company with the federal entity -- you think the Dems are all lilly white, and not a part of it? Bull crap! When Eron went down they had assetts of 81 billion -- everyone freaked out and called for hearings -- now, they are giving these guys jobs to "help" with the transition. You think that Chris Dodd is not to blame as well -- no one got more money from Fannie Mae and Freddy Mac as far as donations go -- Obama was #2 -- why was that? Is Congress is not to blame as well? Who set the damn policies that encouraged lending to those who had no place in taking out loans? Go score points elsewhere -- why do you want to give government more power? The government will use this as another reason to Socialize and take more power -- this banking crisis is intentional to crush the average joe, and deflate the dollar so the can pay back those on the system with deflated dollars.

[Spider]

You guys could be on the Titanic are argue who was the blame as the ship sinks into a watery grave. So freaking shallow -- not to mention stupid to play the hand the two part system has given you -- if all of teh bastards are not held accountable, and can shift blame, it will continue to happen.

So I assume that EVERYONE on the left wants more government to fix it, and have to shift all the blame to Bush and the right. Bush has spent us to death -- I also blame him for that, but when looking at all the players who expanded lending to the poor and combined a private company with the federal entity -- you think the Dems are all lilly white, and not a part of it? Bull crap! When Eron went down they had assetts of 81 billion -- everyone freaked out and called for hearings -- now, they are giving these guys jobs to "help" with the transition. You think that Chris Dodd is not to blame as well -- no one got more money from Fannie Mae and Freddy Mac as far as donations go -- Obama was #2 -- why was that? Is Congress is not to blame as well? Who set the damn policies that encouraged lending to those who had no place in taking out loans? Go score points elsewhere -- why do you want to give government more power? The government will use this as another reason to Socialize and take more power -- this banking crisis is intentional to crush the average joe, and deflate the dollar so the can pay back those on the system with deflated dollars. LOL voting the right person in that can fix this mess = Everyone wanting more government ......

[Drek]

You guys could be on the Titanic are argue who was the blame as the ship sinks into a watery grave. So freaking shallow -- not to mention stupid to play the hand the two part system has given you -- if all of teh bastards are not held accountable, and can shift blame, it will continue to happen.

So I assume that EVERYONE on the left wants more government to fix it, and have to shift all the blame to Bush and the right. Bush has spent us to death -- I also blame him for that, but when looking at all the players who expanded lending to the poor and combined a private company with the federal entity -- you think the Dems are all lilly white, and not a part of it? Bull crap! When Eron went down they had assetts of 81 billion -- everyone freaked out and called for hearings -- now, they are giving these guys jobs to "help" with the transition. You think that Chris Dodd is not to blame as well -- no one got more money from Fannie Mae and Freddy Mac as far as donations go -- Obama was #2 -- why was that? Is Congress is not to blame as well? Who set the damn policies that encouraged lending to those who had no place in taking out loans? Go score points elsewhere -- why do you want to give government more power? The government will use this as another reason to Socialize and take more power -- this banking crisis is intentional to crush the average joe, and deflate the dollar so the can pay back those on the system with deflated dollars.
This entire problem stems from when the GOP used the democratic goal of making homes more affordable as an excellent carrier for repeal of Glass-Steagall. That is what Gramm-Leach-Bliley basically is.

It was mass deregulation, capped off by incompetence and disregard for the national well being rampant throughout the SEC, that caused all this.

That was a GOP horse since Reagan, and now its blown up in their faces.

Funny how when that happens, a GOP written and sponsored bill with only ONE democratic supporter in the senate out of 40, and less than a 3rd of the democrats in congress supporting it (as opposed to about 4/5ths republicans), its an equal blame issue.

Romney is trying to sing that same song. How "fixing this can't be about partisanship". Sorry Mit, it can. This is the equivalent of the GOP throwing **** all over the walls then asking all of us to help clean it up.

Personally I hope the full guilt of the current presidential administration, and many senators, are exposed in the next few years and leads to the destruction of the Republican party. I'm not even a democrat and I look forward to the day the other party dies. They haven't been the republican party of Lincoln and Teddy Roosevelt in a very, very long time and its time they stop lying to the American people.

I hope it crashes and burns so we can have a legitimate conservative party rise from it's ashes. I'd vote for that party. Small government, small infringement on American rights. That'd be a beautiful thing.

[Bob]

LOL voting the right person in that can fix this mess = Everyone wanting more government ......

I will admit this -- McCain will not have the guts to cut (or hold the line) to the level needed to save this economy -- Obama will spend more on Social programs, and will bail out more ... but either one will get blame. So take heart that Obama is behind -- as this economy is going down, and the person at the helm will be blamed wrongly (as if Congress had no part of it.)

When the solution is doing what Ron Paul would do -- the sooner we feel the pain, and stop attempting to push back the day of personal and collective accountability, the sooner we can start the slow crawl back to sanity.

In the early 90's federal mandates raised the percentage of loans offered to sub-prime folks that had no reason getting loans in the first place. The tech bubble blowsup so we lower interest rates -- inflating the biggest housing bubble ever -- finanicial companies jump on the train to easy money, and inflate the bubble more -- then the governement rewards Fannie Mae/Freddie Mac with a "one time" loan .. which only assures that company that they can do what ever they want as "they are too big to fail." Who else is too big?

[L.A. BRONCOS FAN]

You guys could be on the Titanic are argue who was the blame as the ship sinks into a watery grave. So freaking shallow -- not to mention stupid to play the hand the two part system has given you -- if all of teh bastards are not held accountable, and can shift blame, it will continue to happen.

Who are you trying to bullsh*t here?

Do you not think people read your posts or the threads you start?

You pretend you're above partisan politics while you defend BushCo, McCain/Palin/GOP and attack Obama and the Dems at every turn.

You want to talk about "shifting blame" when all you do is shift blame for the Bush/GOP record of the past eight years onto the Dems and play "look over there."

Right-wing hypocrisy at its most repugnant. :oyvey:

[Spider]

I will admit this -- McCain will not have the guts to cut (or hold the line) to the level needed to save this economy -- Obama will spend more on Social programs, and will bail out more ... but either one will get blame. So take heart that Obama is behind -- as this economy is going down, and the person at the helm will be blamed wrongly (as if Congress had no part of it.)

When the solution is doing what Ron Paul would do -- the sooner we feel the pain, and stop attempting to push back the day of personal and collective accountability, the sooner we can start the slow crawl back to sanity.

In the early 90's federal mandates raised the percentage of loans offered to sub-prime folks that had no reason getting loans in the first place. The tech bubble blowsup so we lower interest rates -- inflating the biggest housing bubble ever -- finanicial companies jump on the train to easy money, and inflate the bubble more -- then the governement rewards Fannie Mae/Freddie Mac with a "one time" loan .. which only assures that company that they can do what ever they want as "they are too big to fail." Who else is too big?

Not to insult you , but man I cant grasp your world ........this issue has been hacked to death , lines are drawn , Look here it is in a nut shell in the 80'S we the ta payers bailed out a Saving and loan company , reagan interjected government into a labor dispute , fast forward to today , the working man is struggling , spending more getting less on everything , now you look a working man i nthe eye and explain to him how mcCain who voted 95% with Bush , how voting for Obama is bad cause Obama wants to give him a break ....

[Bob]

This entire problem stems from when the GOP used the democratic goal of making homes more affordable as an excellent carrier for repeal of Glass-Steagall. That is what Gramm-Leach-Bliley basically is.

It was mass deregulation, capped off by incompetence and disregard for the national well being rampant throughout the SEC, that caused all this.

That was a GOP horse since Reagan, and now its blown up in their faces.

Funny how when that happens, a GOP written and sponsored bill with only ONE democratic supporter in the senate out of 40, and less than a 3rd of the democrats in congress supporting it (as opposed to about 4/5ths republicans), its an equal blame issue.

Romney is trying to sing that same song. How "fixing this can't be about partisanship". Sorry Mit, it can. This is the equivalent of the GOP throwing **** all over the walls then asking all of us to help clean it up.

Personally I hope the full guilt of the current presidential administration, and many senators, are exposed in the next few years and leads to the destruction of the Republican party. I'm not even a democrat and I look forward to the day the other party dies. They haven't been the republican party of Lincoln and Teddy Roosevelt in a very, very long time and its time they stop lying to the American people.

I hope it crashes and burns so we can have a legitimate conservative party rise from it's ashes. I'd vote for that party. Small government, small infringement on American rights. That'd be a beautiful thing.

Alot I agree with, but again it is small and lacks any introspection if one cannot call out there own -- the Dems are also to blame...Congress is there for something arnt they?

I am ok with the R party crashing, if it means something special and sustained comes from it -- sometimes that what it takes. You are right the R party has not been about small for a long, long time, and that is a sad thing. My concern however, is that the Dem party will expand Social programs with good intentions, but the actual result will be reduced American capasity, abd greater dependence -- I am afraid that JFK's " ask not what you can do for your country" has been morphed into the opposite by the majority of both parties.

[L.A. BRONCOS FAN]

My concern however, is that the Dem party will expand Social programs with good intentions, but the actual result will be reduced American capasity, abd greater dependence...

God, where does this sort of idiocy come from? :oyvey:

Do you have no memory of the last time a Democrat was in the WH?

We had the greatest economic expansion in U.S. history and turned a giant, republican-created deficit into a surplus.

[W*GS]

Do you have no memory of the last time a Democrat was in the WH?

We had the greatest economic expansion in U.S. history and turned a giant, republican-created deficit into a surplus.

The seeds of the housing bust and the credit crunch were planted under Clinton.

Thanks for nothing, Bill.

[alkemical]

thats for sure... And thats always had me wondering about the depression in the 1930's... Like it was the setup for the planned coup that was fortunately exposed by Smedley Butler...™

No doubt...but shhhh - that's some of the hidden history they don't teach you....

:curtsey:

[Bob]

Not to insult you , but man I cant grasp your world ........this issue has been hacked to death , lines are drawn , Look here it is in a nut shell in the 80'S we the ta payers bailed out a Saving and loan company , reagan interjected government into a labor dispute , fast forward to today , the working man is struggling , spending more getting less on everything , now you look a working man i nthe eye and explain to him how mcCain who voted 95% with Bush , how voting for Obama is bad cause Obama wants to give him a break ....

No offense taken ... I have always repected your views even when they have pissed me off. My world is a shrinking one -- I am what was once the vast majority (minus the racism) and accept that my views will be seen in the future (at best) as quaint, and at worst my views will be seen as dangerous.

I worry about "the lines that have been drawn" -- because it in part makes Americans hate each other -- when we really should not be pissed at each other but at 80% of the bastards in power. I am convinced that created mistrust, and misdirected hate could eventually lead to civil war -- not yet, but eventually, I think that it could lead to war given time to fester -- and if the trigger points are there to start that fire. Hunger is one of those triggers, another very close election....

I guess my thought is that Obama does represent change...I just dont want "change" that belittles my traditional old fashond values.

I have seen R's do what I felt was 50% wrong for years -- I dont have much of a problem with what Bill Clinton's actual policies were -- I felt he was about 50% wrong as well. I think that Obama is much further left -- and have serious concerns that Obama will take our country to an uncharted place -- and places too much trust that government is the solution -- when I think that trust is what has taken us to this place. We should trust them less right now, and give them less power -- not more.

[Bob]

Who are you trying to bullsh*t here?

Do you not think people read your posts or the threads you start?

You pretend you're above partisan politics while you defend BushCo, McCain/Palin/GOP and attack Obama and the Dems at every turn.

You want to talk about "shifting blame" when all you do is shift blame for the Bush/GOP record of the past eight years onto the Dems and play "look over there."

Right-wing hypocrisy at its most repugnant. :oyvey:

LA, I have never heard you go after the Dem party on any level, and you are further left than anyone here -- so I dont trust that you are able to have many moments of unguarded moments here. If you have a probelm with a Dem or a policy, I cant remember you saying anything allong those lines...

I simply feel that not all solutions are found in one party or another -- and do not accept the premise that the R's are completely to blame for this current mess -- such thoughts refelect your own dishonesty, not mine. I lean right, so I do cut and rip on the left's soultions, my beef often is that the right has adopted many of those ideas. I dont really like McCain -- I have hated Bush's spending -- I like Palin, and hope she is real. Obama is too far left, Bill Clinton was good except for his immoral stuff -- but would give him a better grade than Bush. If Bill was running against Bush -- I woudll vote for Bill.

You, on the other hand have no ability to give any props to any R -- what the hell?

[Bob]

Who are you trying to bullsh*t here?

Do you not think people read your posts or the threads you start?

You pretend you're above partisan politics while you defend BushCo, McCain/Palin/GOP and attack Obama and the Dems at every turn.

You want to talk about "shifting blame" when all you do is shift blame for the Bush/GOP record of the past eight years onto the Dems and play "look over there."

Right-wing hypocrisy at its most repugnant. :oyvey:

I guess another thought is that the further folks lean left here -- the harder right I feel I should lean -- to help ballance out the discussions -- and at least offer teh other side. If this place leaned as hard right, I would not feel the need.

[L.A. BRONCOS FAN]

LA, I have never heard you go after the Dem party on any level, and you are further left than anyone here -- so I dont trust that you are able to have many moments of unguarded moments here. If you have a probelm with a Dem or a policy, I cant remember you saying anything allong those lines...


Two problems:

1) Unlike you, I have never claimed to be non-partisan.

2) If you haven't heard me go after the Dems on occasion then you just haven't been paying attention. FYI, I told the party to pound sand and to take me off its mailing list back in '05.

[alkemical]

I guess another thought is that the further folks lean left here -- the harder right I feel I should lean -- to help ballance out the discussions -- and at least offer teh other side. If this place leaned as hard right, I would not feel the need.

Dude, this place is not "leftyville" - by any means.

[L.A. BRONCOS FAN]

I guess another thought is that the further folks lean left here -- the harder right I feel I should lean -- to help ballance out the discussions -- and at least offer teh other side. If this place leaned as hard right, I would not feel the need.

Why you?

I'm suspicious of anyone who proclaims himself some sort of self-appointed arbiter of "balance" instead of just stating and standing up for what he believes in.

[L.A. BRONCOS FAN]

Dude, this place is not "leftyville" - by any means.

No sh*t.

After all, this is a football forum.

[Spider]

No offense taken ... I have always repected your views even when they have pissed me off. My world is a shrinking one -- I am what was once the vast majority (minus the racism) and accept that my views will be seen in the future (at best) as quaint, and at worst my views will be seen as dangerous.

I worry about "the lines that have been drawn" -- because it in part makes Americans hate each other -- when we really should not be pissed at each other but at 80% of the bastards in power. I am convinced that created mistrust, and misdirected hate could eventually lead to civil war -- not yet, but eventually, I think that it could lead to war given time to fester -- and if the trigger points are there to start that fire. Hunger is one of those triggers, another very close election....

I guess my thought is that Obama does represent change...I just dont want "change" that belittles my traditional old fashond values.

I have seen R's do what I felt was 50% wrong for years -- I dont have much of a problem with what Bill Clinton's actual policies were -- I felt he was about 50% wrong as well. I think that Obama is much further left -- and have serious concerns that Obama will take our country to an uncharted place -- and places too much trust that government is the solution -- when I think that trust is what has taken us to this place. We should trust them less right now, and give them less power -- not more.
sorry it took so long to answer this , but one of my babies is having an allergic reaction to something , her face is swelled , having a hard time breathing , wife has her at the hospital , so if I ramble forgive me ....... only person that can belittle your beliefs is you , well like this , lets say my 16 year old daughter gets knocked up , Government one way or the other won have any influence on the family decision ,I would talk her into keeping the baby , but in the end she has to make the choice , I am confident she would make the right one , See Bob that is all we can do , is instill our beliefs on our loved ones and lead by example , I have walked both paths in life , consistently in trouble , and trying ot be a good member of my community , I didnt change cause of Government , I changed for my family ......

[alkemical]

No sh*t.

After all, this is a football forum.

That has not much bearing on the fact either.

[L.A. BRONCOS FAN]

That has not much bearing on the fact either.

Sure it does.

The world of professional sports is pretty conservative.

[Drek]

Alot I agree with, but again it is small and lacks any introspection if one cannot call out there own -- the Dems are also to blame...Congress is there for something arnt they?

The dems were outnumbered in the congress as well.

The only way this deregulation would've been stopped is if Bill Clinton had enough foresight to see the real damage behind a bill that was presented to him as reduced housing costs for minorities and the poor.

This here is what I don't get though. AT ALL.

Lots of people on this board say we need someone who proposes something different. Well have you actually read Obama's economic plan?

Take a good look. He knows, as any economist worth their salt who isn't lying for their own ends would tell you, is that the trickle down effect is just what Bush41 called it, voodoo economics. He knows that the number one key to rebuilding our economy is to get back to a production economy, not a consumption/services economy. To that end we need to rebuild infrastructure (the single biggest proven economic booster that is recession and market trend proof). He also doesn't propose massive expansion of government. He just wants to take all the gross amounts of money we're giving to a select few corporations who give nothing back for it (oil companies for example) and foreign nations we carry financially and give it to the companies that will develop a real future for this country, renewables, clean energy, and energy efficiency.

I've said it before, Barack Obama is the biggest proponent of the free market in our lifetimes. In fact, his entire supposed "government growth" is funding going into free market sectors to speed the development of needed products within free market competition systems.

He brings a truly unique idea, something fundamentally different from what democrats have proposed for the last few decades. It can't be coalesced into a 30 second sound bite so no one realizes it, but read up on what a University of Chicago Democrat is (the school Obama taught at) and the New York Times article dealing with Obama's free market ideals. It is eye opening how different and unique his plan for this nation's economy and energy futures really are.

[Spider]

See Bob when my wife came to me and said You bastard I am knocked up ,I stopped right then and there , poured my drink down the sink and said , my kids can either have a Daddy or they can have a drunk , Choice was clear government didnt have a say in the matter ....So I took what money I had in Savings , moved to a safe community . Casper bought my house cash 17 grand at the time , no mortgage ,closing cost or any of that other **** , I didnt want the wife and kid to ever worry about being homeless , what government thought never once entered my mind ...... so now here I am 5 kids later 3 bedroom house 1 bath and a garage ;D working to feed and clothe them

[W*GS]

Two problems:

1) Unlike you, I have never claimed to be non-partisan.

Your beyond merely partisan. It's embarrassingly obvious.

2) If you haven't heard me go after the Dems on occasion then you just haven't been paying attention. FYI, I told the party to pound sand and to take me off its mailing list back in '05.

Every three years or so you mildly criticize the Democrats - mainly for not being as socialist as you are.

BFD.

[Rigs11]

Stop being a bunch of whiners! jeezz people mccane already offered a plan. He wants to create a 911 commission to "study" the problem. Relax...Hilarious!

[L.A. BRONCOS FAN]

http://www.bartcop.com/gop-bankrupt-908.jpg

[L.A. BRONCOS FAN]

Subject:

Aren't you glad we didn't privatize Social Security?

On this day when the stock market drops 500 points and every week another major financial institutions fails aren't we glad that Congress never passed laws to privatize our Social Security funds?

Just imagine what it would be like if Bush and McCain had got their way?

Privatization and deregulation is just a license to steal the taxpayer's money.

Marc Perkel
San Bruno, CA.

[W*GS]

Care to take me up on my long-standing SS bet, LABF?

You'll be rich if you really believe your dogma.

[L.A. BRONCOS FAN]

Where would SS be today if we had listened to you and your fellow right-wingnuts?

[alkemical]

Sure it does.

The world of professional sports is pretty conservative.

Really? you have to explain that.

[Drek]

Really? you have to explain that.

They make seven figures, but only for a short window.

Anything that lowers taxes on the rich is obviously strongly in their favor, so what way do you think they swing?

Morally and civilly they might be very liberal, but those are put in the back seat far too often in favor of protecting the bank account.

[Rohirrim]

The seeds of the housing bust and the credit crunch were planted under Clinton.

Thanks for nothing, Bill.

Clinton, clinton, clinton, clinton, clinton...Nam Myo Ho Ren Ge Kyo

[alkemical]

They make seven figures, but only for a short window.

Anything that lowers taxes on the rich is obviously strongly in their favor, so what way do you think they swing?

Morally and civilly they might be very liberal, but those are put in the back seat far too often in favor of protecting the bank account.

LABF was inferring about a football board (So my question was more or less target to the community). I do understand what you typed - but i'd not jump to any conclusions until i had some research to make a statement.

[W*GS]

Where would SS be today if we had listened to you and your fellow right-wingnuts?

You don't believe your dogma about SS, then.

You're an unprincipled hypocrite.

[L.A. BRONCOS FAN]

Ha ha ha! :laugh:

W*GS working the convoluted logic.

[W*GS]

W*GS working the convoluted logic.

You're not willing to commit to your beliefs about SS.

'Nuff said.

[Spider]

Depression ? I heard W*GS say this was nothing but a mere cold .......

[PaintballCLE]

lol everyone is too much into the Bush bashing.......while not a great president, this is not his fault. Let but the blame on where it belongs.......CLINTON

[watermock]

The real problem is the hedge funds hsat have bought up these companies using outrageous amounts of leveragee, say, 30-1 debt to asset ratios. It's supposed to be 10-1 maximum.

The crooks made all these deals, cashed their huge fees and left the companies vulnerable to any downturn.

Now in the sub-prime deal, that was selling loans to crap people , as long as you could MAKE your credit score look good, you could get money. And that was a trap,to sell houses to people who couldnt afford a 3500 sqf home.

[Mr.Meanie]

No offense taken ... I have always repected your views even when they have pissed me off. My world is a shrinking one -- I am what was once the vast majority (minus the racism) and accept that my views will be seen in the future (at best) as quaint, and at worst my views will be seen as dangerous.

I worry about "the lines that have been drawn" -- because it in part makes Americans hate each other -- when we really should not be pissed at each other but at 80% of the bastards in power. I am convinced that created mistrust, and misdirected hate could eventually lead to civil war -- not yet, but eventually, I think that it could lead to war given time to fester -- and if the trigger points are there to start that fire. Hunger is one of those triggers, another very close election....

I guess my thought is that Obama does represent change...I just dont want "change" that belittles my traditional old fashond values.

I have seen R's do what I felt was 50% wrong for years -- I dont have much of a problem with what Bill Clinton's actual policies were -- I felt he was about 50% wrong as well. I think that Obama is much further left -- and have serious concerns that Obama will take our country to an uncharted place -- and places too much trust that government is the solution -- when I think that trust is what has taken us to this place. We should trust them less right now, and give them less power -- not more.

I haven't been here a huge amount of time, but considering your other posts that seemed like a very honest opinion. Props! :thumbsup:

[baja]

The real problem is the hedge funds hsat have bought up these companies using outrageous amounts of leveragee, say, 30-1 debt to asset ratios. It's supposed to be 10-1 maximum.

The crooks made all these deals, cashed their huge fees and left the companies vulnerable to any downturn.

Now in the sub-prime deal, that was selling loans to crap people , as long as you could MAKE your credit score look good, you could get money. And that was a trap,to sell houses to people who couldnt afford a 3500 sqf home.


That's part of it Mock but a much larger piece of the bad loan problem is the derivatives created by all the existing home owners taking second mortgages on the bubble inflated values of their homes allowing loans, in many cases, hundreds of thousands higher that the real pre speculation value of the house.

In fact that second mortgage money was a big part of what the economy was running on for the last three years before the bubble started to lose air.