I'MMA LET YOU FINISH
WAAAAAAH!
Thieves, in other words.
Do they think we're dumb, or are we dumb?
But they're conservatives! They want less government!
USA!!!
I'm really sick of cleaning up Republican mess. No more. This is a "leave it for Barack and Joe to clean up" band-aid.
Riots work more better.
-
I think we all need to be tax protestors, now.
.
The demographics are against them for good and they know it. Gotta clean out us, our kids and grandkids while they still have the chance.
They could've released a complicated plan which appeared to have controls and oversight but which would be hard to decipher from the language. Instead they made it plain for all to see that what they want is to be able to take money from you and give it to Wall Street firms.
Dear Senator Obama,
Some more proposed verbiage for your speech on the Senate floor when the Billionaires' Bailout Bill comes up for a vote.
You're welcome...
what they want is to be able to take money from you and give it to Wall Street firms.
smell the capitalism, baby!
All your assets are belong to us.
- Wall Street
Someone set us up the bomb.
- Paulson
I'm really sick of cleaning up Republican mess. No more. This is a "leave it for Barack and Joe to clean up" band-aid.
Monica_A: Axe Diesel
Good thing we have a Democratic majority in Congress so that "clean up" scenario won't happen.
What?
Thieves, in other words.
Thumper Johnson
Thieves in any words. And the accounting firms who gave them a clean bill of health ought to pay a price, too.
Otherwise, an auditor's opinion means nothing.
Atrios, whaddouwe do? buy gold? buy gold stocks? just keep our money in checking accounts?
This is a "leave it for Barack and Joe to clean up" band-aid.
Let's hope they get the chance to do so.
If not, McSpain and Van Palin will usher in the Apocalypse.
Good thing we have a Democratic majority in Congress so that "clean up" scenario won't happen.
Check the dosage on those meds you're taking, dood...
It looks to me like that proposal was written log ago.
This smells just like the patriot act.
This is a "leave it for Barack and Joe to clean up" band-aid.
Some of the emergency measures expire "January 30, 2009", iirc.
Naked, not nuanced.
-
just keep our money in checking accounts?
I say go long on pitchforks and torches.
Atrios, whaddouwe do? buy gold? buy gold stocks? just keep our money in checking accounts?
sean
Move to Manhattan.
Wow. That jet that crashed with the Blink 182 ex-drummer looks like a horror movie -- it's a burned out shell.
Move to Manhattan.
Sinf, awaiting knee surgery | Homepage | 09.20.08 - 4:11 pm | #
I'm just gonna hunker down in Oshkosh, myself.
like smalfish said, I hope this time our congresscritters actually read what they are voting on. Let's hope they learned something from the last time BushCo bamboozled them.
CDs < 100K per acct.
-
I'm just gonna hunker down in Oshkosh, myself.
Oh my gosh!
Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
- LORD POLONIUS in Shakespeare's Hamlet
Bush the secret socialist
im serious peoples! doesnt this mean were just speeding up the car towards the cliff? if i have to buy yen, lire gold, hairballs, whatever! im a fearing people.
Neither a borrower nor a lender be...
A Harold Hecuba Production!
3 pages to explain $700 billion.
From today's NYT article:
"And officials said that the administration envisioned enlisting several outside firms to help run the effort to buy up mortgage-related assets. "
What could go wrong?
Sinf, awaiting knee surgery
Krugman give you a Tonya Harding?
Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
- LORD POLONIUS in Shakespeare's Hamlet
Roadmaster, Milwaukee Office | Homepage | 09.20.08 - 4:13 pm | #
But then again, look what happened to Polonius...
Dear McCain voters:
9/11
Osama Bin Laden still on the loose
Enron
WorldCom
Katrina
Multi trillion-dollar debt
Trillion-dollar bailout of Wall Street
Rampant corruption
Sinking dollar
Sinking economy
Rising unemployment
2 failed wars
Do I really need to draw you a picture???
Bush the secret socialist
It's fake socialism.
alcohol, bullets, & quality toilet paper.
Perhaps this is a rude question, but why would someone want to holiday at The Islamabad Marriott?
Do I really need to draw you a picture???
Honestly, they're too fucking stupid even for that.
Do I really need to draw you a picture???
What're you tryin to say?
This smells just like the patriot act.
smalfish
"...like a new Pearl Harbor.."
We're in the final throes of GOP trickle down, deregulated economics.
It's the: 'Give me the bullets to shoot you with, or else' stage.
Bush the secret socialist
It's fake socialism.
smalfish | 09.20.08 - 4:14 pm | #
It is, in many ways, the very opposite of socialism.
We've already trashed the derivatives market for shelter.
Surely, there must be a derivatives market for food where we may find safe harbor.
it's crony capitalism, which is what the Bush family has specialized in since Prescott Bush made the family fortune by trading with the Nazis.
Why would anyone expect anything different from the grandson???
3 pages to explain $700 billion.
P O'Neill
It'll be double that to the taxpayers, before it's all over.
Why aren't people going to prison over this?
Krugman give you a Tonya Harding?
Monica_A: Axe Diesel
Krugman ♥ me.
It's just that I'm degenerate.
I mean, my knees are, um, degenerative. Well, you know.
Just remember that they'll fuck up the bailout too.
wow 51 yd fgoal for Boise st.
it's jsut like iraq, and it fixes congress for good, bye congress, this is the unitary gangster theory of triple cheese plunder reaming
Perhaps this is a rude question, but why would someone want to holiday at The Islamabad Marriott?
plantsman | 09.20.08 - 4:15 pm | #
What, you'd prefer the Islamabad Days Inn?
It's not socialism, it's fascism.
Mussolini subsidized many industries.
At least with socialism you and I have the hope of getting a break from our government.
With fascism, you are truly a cog in the machine. You are hopelessly fucked.
Perhaps this is a rude question, but why would someone want to holiday at The Islamabad Marriott?
plantsman
Ten percent rebate if you stay (alive) for three days?
Do I really need to draw you a picture???
r€nato
Piffle. It's all the Democrats' fault.
/typical Fox News viewer
And this is different than normal....
GREIDER - PAULSON PLAN A HISTORIC SWINDLE
Let's hope they learned something from the last time BushCo bamboozled them.
r€nato
not holding my breath.
Great run for the UO TD before that, tho.
No, I just wonder why an American would visit Pakistan just now and stay at an American Hotel chain.
Here's where we are...
Ya know those old Warner Bros. gangster pictures? The ones with the carefully planned robbery? What always happened in those movies? Somebody (frequently) Allan Jenkins trips the alarm, the sirens start up in the distance, and everyone in the gang starts smashing display cases with the butt of the pistol and stuffing their pockets as fast as they can. Then they run out just ahead of the cops.
That's our economy as of this moment, folks. That is the economy of the world's last superpower. Yay.
Obama -- change you can believe in. You can't pay for it, but you can believe in it till the fucking cows come home.
And things should be different this time because why exactly......?
How about some love for Barney Frank?
"Representative Barney Frank, Democrat of Massachusetts and chairman of the House Financial Services Committee, said his staff had already begun working with the Senate banking committee to draft additions to the administration’s proposal.
Mr. Frank said Democrats were particularly intent on limiting the huge pay packages for corporate executives whose firms seek aid under the new plan — raising the prospect of a contentious battle with the White House.
“There are going to be federal tax dollars buying up some of the bad paper,” Mr. Frank said. “They should accept some compensation guidelines, particularly to get rid of the perverse incentives where it’s ‘heads I win, tails I break even.’ ”
Mr. Frank said Congressional leaders were also considering other measures, perhaps including a wider economic stimulus initiative, either as part of the administration’s plan or as part of the budget resolution that Congress must pass before adjourning at the end of the week. "
Why aren't people going to prison over this?
I don't give a fuck if people go to jail over this. I just don't want to have to pay a trillion dollars for something that may not even work.
Fuck wall street. Fuck the politicians who think this world needs wall street.
3 pages to explain $700 billion.
Maybe they're daring anybody to modify so they can pass the buck when it fails?
-
Watching Naomi Klein and Andrew Sullivan last night on "Real Time". Each makes a great point about whom to blame in this debacle. I personally blame television and parents. Programmers put these shows on (Bling My Crib, Super-size My Birthday Party) and parents/adults don't know how to say no. You don't need Justin Timberlake at your birthday party. You don't need a seven bedroom house for two people. More education; less stupidity.
Besides, Days Inn has a sunny new look outside!
No, I just wonder why an American would visit Pakistan just now and stay at an American Hotel chain.
plantsman
Seriously, there are salespeople desperate to make a sale.
What we need is a Boston Tea Party 2.0
we've been fighting for national health care for over a decade and we are really not much closer to it than when we started.
Yet almost overnight the DC establishment is ready to throw a trillion dollars at Wall Street, on top of the 2 or 3 trillion we are going to throw down the Iraq rathole.
Next time some douchebag goes on about socialized medicine, I'm going to remind them of this, and the fact that we already have socialized medicine. It's called the VA and for the most part it works really well.
Ya know those old Warner Bros. gangster pictures? The ones with the carefully planned robbery? What always happened in those movies? Somebody (frequently) Allan Jenkins trips the alarm, the sirens start up in the distance, and everyone in the gang starts smashing display cases with the butt of the pistol and stuffing their pockets as fast as they can. Then they run out just ahead of the cops.
I just had my students read and watch The Grapes of Wrath. Who knew that it would be so very apropos?
"And officials said that the administration envisioned enlisting several outside firms to help funnel the required billions in graft to republics in the effort to hijack more government assets."
It's just that I'm degenerate.
I mean, my knees are, um, degenerative. Well, you know.
... How do you feel about your mother?
But then again, look what happened to Polonius...
rorschach | Homepage | 09.20.08 - 4:14 pm | # [kill][hide comment]
Not much time to enjoy his dividends...
I don't give a fuck if people go to jail over this.
I do. There fucking has to be a tangible penalty for knowingly stealing on this scale, or it will never stop.
What we need is a Boston Tea Party 2.0
I couldn't agree more. I was going to put it in more inflammatory terms but I'll go with BTP v2.0.
Great run for the UO TD before that, tho.
robot eating
huge dude hurdled 3 huge dudes
ouch...3 yd punt. no return.
What we need is a Boston T-Bill Party 2.0
Wheeeeeeeeeeeeeeeeee
FYT
Mark-to-Marx
'too big to fail'
It was only when Morgan Stanley and Goldman Sachs were in trouble that Treasury felt like acting.
It helps to be politically connected.
great link, Gomez. thanks.
Mr. Frank said Democrats were particularly intent on limiting the huge pay packages for corporate executives whose firms seek aid under the new plan — raising the prospect of a contentious battle with the White House.
Fuckin' A right. If they want federal help, they damn well are going to have to accept federal regulation to prevent this from happening again.
I mean, what kind of fucking asshole demands a trillion dollars and also demands not to have any conditions attached to the gift???
"Hey, you big booby; wanna ravage my vent?"
Jefferson said if we wanted to remain a real country we'd need a revolution every 20 years or so.
We're overdue.
.
holy crap, 538.com has got Obama up at 306.5 now. 73.9% win percentage.
I'm sure it was 303 this morning.
I mean, what kind of fucking asshole demands a trillion dollars and also demands not to have any conditions attached to the gift???
r€nato | 09.20.08 - 4:22 pm | #
I've been doing that for years.
Hasn't really worked yet.
You know, I was going to write to my congresscritters about this bailout...
...but my senators are McCain and Kyl, and my congressman is John Shadegg.
*sigh*
dead threaded
agave, glad to hear that the damage is not devastating at your home.
btw, has anybody heard from RMJ?
TJ, just tryin' to get by
yeah. A coworker had his house smashed.
we were lucky. the tree snapped halfway up, so just the crown hit us.
cant get in the front door, tho. lol
tomorrow i tackle that. today just enjoy electricity.
and, no.
More education; less stupidity.
Monica_A: Axe Diesel
But education is SO elitist!
/wingnut
Love it or leave it.
Dear Real American
Page 1: Gimmie
Page 2: Your
Page 3: $$$
Love,
Chimpy
It was only when Morgan Stanley and Goldman Sachs were in trouble that Treasury felt like acting.
Like I said earlier. Just what was said in that "discussion" with lawmakers?
"If you don't give us this money, we're going to take your portfolios."
Jefferson said if we wanted to remain a real country we'd need a revolution every 20 years or so.
We're overdue.
.
It's just me again | 09.20.08 - 4:23 pm | #
Jefferson was a Trotskyite!
Wow.
Just: wow.
What could go wrong?
Wall Street is being called upon to manage its own mortgage mess.
As part of the government bailout of the financial industry, the Treasury has floated a plan with industry executives that envisions the $700 billion in bad mortgage debts being bought by the government will be run by five to ten outside asset managers, CNBC has learned.
http://www.cnbc.com/id/26805237
truth is, a lot of the Founding Fathers would be in Gitmo if they talked the talk they talked in the 18th century. They'd start with Tom Paine for sure, Jefferson would be not very far down the list.
Rush should be flipping out about these white-collar welfare queens, right?
*
...and I lost 80 bucks on video lottery last night. Where do I apply for my gambling bail-out? I mean, what's another $80?
Jefferson was a Trotskyite!
rorschach
Nyet. Trotsky was Jeffersonian.
Shit. Something just came up. I got stuff to do ... catch you patriotz laterz.
But education is SO elitist!
Yeah! Beeing dum iz koolz!
Ick. John Shadegg -- wish I hadn't known him in high school.
They'd start with Tom Paine for sure, Jefferson would be not very far down the list.
Well, Tom Paine didn't end well back then, either.
WE
TOLD
YOU
SO
Our economy = Figure-8 track racing.
Mr. Frank said Democrats were particularly intent on limiting the huge pay packages for corporate executives whose firms seek aid under the new plan — raising the prospect of a contentious battle with the White House.
Won't happen. Too much dry powder in the gears.
Atrios, I can see you're really upset about this. Why don't you sit down, take a stress pill and think things over. I still have the utmost confidence in the mission.
Ha ha!
The "rescue plan" for the crisis caused by DEREGULATION calls for Congress to completely DEREGULATE the "rescue plan" itself.
Too fucking brilliant.
GWPDA is in the same congressional district as I am, so we are both fucked. Even less point than usual in writing to them.
Nyet. Trotsky was Jeffersonian.
Roadmaster, Milwaukee Office | Homepage | 09.20.08 - 4:25 pm | #
You humans and your limited, linear idea of time.
Shorter Hank:
Suck
On
This
this is more unitary thuggery and they should not only go to jail, like twenty, no thirty years ago, but they won't, it's done, the legislative branch and the judicial are totally ruined forever, and since iraq went so well for, you know, several years of triple cheese porky gravy train, those multi-trillion dollar derivatives are just the thing to keep the old unity winding up and going, for a long damn time
I wonder how much bailout dough will go to foreign debt holders.
we are so fucked.
that's all I keep thinking.
Sully the Pooh on Real Time last night, blamed the mortgage mess on all those irresponsible idiots who took out mortgages they could not repay.
Half the time he gets it, half the time he's still an idiot conservative.
Listen, everyone, here's what we do.
Look under your couch cushions. Break your piggy bank. Empty out your pension (if you have one), your bank account and sell everything you can. You'll take a hell of a bath on your house, but these times call for a few sacrifices.
Send it all to the Masters of the Universe on Wall Street.
Now, isn't that reasonable?
It's at least as reasonable as the proposed "remedies".
But education is SO elitist!
Yeah! Beeing dum iz koolz!
Monica_A: Axe Diesel
"It's uniquely Murkan!"
- George Wanker Bush
It's so cute how when they really fuck things up they
wanna get all bi-partisan-y.
we are so fucked.
and they don't even have the decency to apply any lube
More Ambien!
$700 billion in mortgage-related assets.
What does that mean, exactly? The Treasury Department will own a bunch of foreclosed-on houses? What the hell are they going to do with them?
Sully the Pooh on Real Time last night, blamed the mortgage mess on all those irresponsible idiots who took out mortgages they could not repay.
Half the time he gets it, half the time he's still an idiot conservative.
r€nato | 09.20.08 - 4:27 pm | #
His brain is just a bowl of mush.
WE
TOLD
YOU
SO
48.4% of America
Indeed
And after reading some threads from 6/06 even many here believed the dems would at least do something. Actually believed that bush would follow the SCOTUS ruling about gitmo. hahaha
I'm not pleased that I was proven fucking right. But also didn't appreciate being told I was an ass at that time.
Well know tomorrow how this will go.
If they let the dissenters on the Sunday shows then all bets are off.
But if it is only cheerleaders like Schumer then we can kiss our money goodbye.
You humans and your limited, linear idea of time.
rorschach
Fine, Mr. Escher-of-Loop-Time.
Twist the Loop so that the Wall Streeters end up as disabled homeless vets.
THAT would be change I could believe in.
Sully also would not STFU and let others speak. Jesus. He can be really outstanding but then other times he is such a fucking tool.
Half the time he gets it, half the time he's still an idiot conservative.
How true. If you don't give people the choice to ruin their lives with crap that they won't understand while the rates and rules are subject to change at a whim, bad shit doesn't happen.
Didn't phil gramm have some asshole fictional character 'dickie" somefucking or other, who was the true arbiter of whether a bill was good or not?
So how the fuck's "dickie", asshole?
expect shares to drop on Monday, as over the weekend there has been time to think and so they sell their shares
What does that mean, exactly? The Treasury Department will own a bunch of foreclosed-on houses? What the hell are they going to do with them?
Moe Szysla
Sell them back to the crooked banks for pennies and stick us with the bill.
REDEREGULAT?
.
Fine, Mr. Escher-of-Loop-Time.
Twist the Loop so that the Wall Streeters end up as disabled homeless vets.
That's Mr Trafalmadorian to you, buddy.
But I do like your idea...
homeless disabled vets ... indeed, there's an amen.
The French have great wine, great food, a lovely language, and when they don't like what their government does, national strikes.
No wonder the GOP hated the French (prior to Sarkozy).
What does that mean, exactly? The Treasury Department will own a bunch of foreclosed-on houses? What the hell are they going to do with them?
When did real-life become more like the end of "Fight Club"? Fucking scary, Harry!
There is no chance the dems have even a trillionth of the balls necessary to amend this pus-wort of a bill in any way. We'll be lucky if its not even worse by Monday.
Big finance now faces a long spell on the naughty step
by Larry Elliot
the mortgage part is small compared to the paper part, there's a long october wind up to this one
I have a new "plan" to save my small business.
My "plan" to save my small business is for you to give me a million dollars and then shut the fuck up.
Deal?
Monica_A: When did real-life become more like the end of "Fight Club"? Fucking scary, Harry!
I said just last night that we may see the last scene of Fight Club play out in real life, any moment now.
.
**DING**
Idea!
We should all bill whatever entity is set up as the mortgage salvation corporation for HOUSING UPKEEP AND MAINTENANCE COSTS.
Since, as holders of our mortgages, they'd be left holding the bag for upkeep if we walked away...WE SHOULD BE HIRED AS LONG-TERM ON-SITE MANAGERS of their properties.
Republicans Do The Crime, Not The Time.
sounds to me like basically they are going to buy up this shit paper for more than it is really worth, and hope that a few years down the road they can sell it for something approaching what they paid for it.
But you know what? That is not going to happen. At the root of it, this shit paper is backed by mortgages which people cannot or will not pay. It's not like if you just give these mortgage holders a bit of breathing room, they can get caught up.
The only other thing you could do would be to reduce the principal on these shit mortgages, but that leads right back to the same problem, these assets are worth nowhere near what the holders put it on their books as.
Someone is going to get soaked. As Atrios told us the other day, when the music stops someone is not going to have a chair. It looks like it's going to be us taxpayers.
WE SHOULD BE HIRED AS LONG-TERM ON-SITE MANAGERS of their properties.
Roadmaster, Milwaukee Office | Homepage | 09.20.08 - 4:32 pm | #
Socialist!
JP,
I owe you a fizzy beverage. Great minds think alike.
Okay, bbl.
.
But also didn't appreciate being told I was an ass at that time.
ErinPDX
Don't really remember those threads cuz we were in the midst of post-Katrina chaos at the TJ household, but I feel pretty sure I never thought the Dems would stand up to Bush.
And you are most definitely not an ass.
When did real-life become more like the end of "Fight Club"? Fucking scary, Harry!
Blow up the credit card companies?
If only. That would be a good start.
But if it is only cheerleaders like Schumer then we can kiss our money goodbye.
Schumer seems to be the democrats finger in the wind.
"More important, if the taxpayers are compelled to refinance the villains in this drama, then Americans at large are entitled to equivalent treatment in their crisis. That means the suspension of home foreclosures and personal bankruptcies for debt-soaked families during the duration of this crisis. The debtors will not escape injury and loss--their situation is too dire--but they deserve equal protection from government, the chance to work out things gradually over some years on reasonable terms."
William Greider
Communist!
-
Somehow I just know this is Bill Clintons fault.
I actually heard some idiot parrot that point yesterday. I wanted to choke him.
I just wish people were not so friggin' stupid.
As Atrios told us the other day, when the music stops someone is not going to have a chair. It looks like it's going to be us taxpayers.
r€nato | 09.20.08 - 4:32 pm | #
McCain was a POW! For years, he didn't have a chair! We should vote for him!
Sell them back to the crooked banks for pennies and stick us with the bill.
Gomez
That's what I assumed.
Look, it's a horrible idea to do this, period. But... if they're going to do it, they should at least put some social good into the plant. That trillion dollars worth of housing (okay, in real value, less, but still it's a hell of a lot of housing), could become the cornerstone of a off-market housing program.
The houses could be sold to low-income people at very low interest rates, on the condition that the housing authority (or whatever the program is called) has first rights to buy back the property at cost, plus COLA, not market indexed. Eventually, we would have a substantial housing stock, out of the market, serving to provide both a check to overheated markets, and real housing for real people who couldn't otherwise afford to own their own homes.
There is no chance the dems have even a trillionth of the balls necessary to amend this pus-wort of a bill in any way. We'll be lucky if its not even worse by Monday.
Comrad A. Morphous
that about sums it up, I think.
I'm supposed to be winterizing the decor of my home this weekend. I don't feel like it. I invited my bratty 1 year-old niece over instead. It turns out that she hates everyone in the family. It's not me; it's us! 
WE SHOULD BE HIRED AS LONG-TERM ON-SITE MANAGERS of their properties.
Roadmaster, Milwaukee Office | Homepage | 09.20.08 - 4:32 pm | #
Socialist!
rorschach
You just wish you'd thought of it first, Trafalmoran...
Look, I've already asked politely -- where's my $1 Million?
I don't give a fuck if people go to jail over this. I just don't want to have to pay a trillion dollars for something that may not even work.
Fuck wall street. Fuck the politicians who think this world needs wall street.
smalfish
I do want them to go to jail, starting with the Commander-in-Thief. Let Wall Street die, with their demand for quarter-over-quarter earnings increases. Let businesses establish a base and not be penalized for consistent rather than increasing earnings.
And don't even think about putting my tax dollars, and those of my children and grandchildren, into the pockets of the crooks and liars who created this mess. I do not have a pitchfork, but I do have a rake, and I can make a torch out of rags and a broomhandle. Just watch me!
The houses could be sold to low-income people at very low interest rates, on the condition that the housing authority (or whatever the program is called) has first rights to buy back the property at cost, plus COLA, not market indexed.
Yo, what about us middle-income people who have been fucked by the inflated rise in home values and can't buy a fucking thing where we live and work?
this thing is just propping up the dollar, just like iraq, long enough to ream the election
$700 billion in mortgage-related assets.
What does that mean, exactly? The Treasury Department will own a bunch of foreclosed-on houses? What the hell are they going to do with them?
Moe Szyslak
Solve the problem of homelessness in America.
The king and the Duke of Bridgewater robbed us blind when they sold us on that first awful mess of a theatrical production. Let's all buy tickets to the next show so we can throw rotten tomatoes at them! Clearly this plan cannot fail - it's inconceivable that they're clever enough to con us twice.
Ducks are getting hammered by the Broncos
It's not working, McAncient is cratering.
But you know what? That is not going to happen. At the root of it, this shit paper is backed by mortgages which people cannot or will not pay. It's not like if you just give these mortgage holders a bit of breathing room, they can get caught up.
My business is so tied to the economy. So far we are not behind on our mortgage. But if people stop spending money, our name goes on the list of foreclosures that nobody ever thought to put there. I wonder how many are just like me?
See here's the way the wealthy see the poor:
Keep the poor down. Don't give them health care. Keep them always worrying about their jobs. Keep them on the brink of foreclosure. That way they can't go on strike or make demands. Or organize to take action.
You liberals need to not get so excited just 'cause we're going to give nearly a trillion dollars to the Treasury Secretary to do whatever the fuck he wants with it.
Welcome to the mark-to-Maker's Mark economy!
Drink up!
This Authorization for the Use of Monetary Force must be stopped!
Every time I read another pundit saying, "this had better include some food stamps too!" I throw up in my mouth.
This is the most brazen theft from the national treasury ever proposed. It is on the scale of the Iraq War -- the WHOLE IRAQ WAR -- without any pretense of good for the public.
This new AUMF must be stopped, or such a great deal of wealth will be transferred to Republican cronies that no future election will go unbought.
This is the last step towards concentrating all power in the hands of the Executive. Not even Barack Obama can run an empire as a democracy. Our government matters and this is the last nail in the Congressional coffin.
See here's the way the wealthy see the poor:
Keep the poor down. Don't give them health care. Keep them always worrying about their jobs. Keep them on the brink of foreclosure. That way they can't go on strike or make demands. Or organize to take action.
Gomez
And whatever you do, DON'T educate their children!
"And don't even think about putting my tax dollars, and those of my children and grandchildren, into the pockets of the crooks and liars who created this mess."
--KidRanger
No shit. This galls me as much as anything.
Look, I've already asked politely -- where's my $1 Million?
You gotta take the air outta the room first.
Keep the poor down. Don't give them health care. Keep them always worrying about their jobs. Keep them on the brink of foreclosure. That way they can't go on strike or make demands. Or organize to take action.
Gomez
Like I said, The Grapes of Wrath has become a primer again.
You gotta take the air outta the room first.
smalfish
That must have been a helluva fart.
You know, Norquist is getting what he wants, just not the way he asked.
He wanted government to be made small enough to drown in a bathtub.
Instead, it's so big and overloaded that it's sinking to the bottom of the Marianas Trench.
Either way, it's dead, Jim.
Valentine's right.
The Iraq War proved to be too slow a way to steal $1 Trillion.
This way is much better.
HAND US THE FUCKING MONEY, AMERICA, OR THE ECONOMY GETS IT.
YES!!!
"Speaking at Bethune-Cookman University at an event highlighting his campaign's efforts to appeal to women voters, Obama invoked the current financial crisis by taking aim at an article carrying McCain's name in the current issue of Contingencies magazine, published by the American Academy of Actuaries.
In it, McCain wrote, "Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation."
"So let me get this straight -- he wants to run health care like they've been running Wall Street," Obama told the audience. "Well, Senator, I know some folks on Main Street who aren't going to think that's such a good idea." "
http://www.americablog.com/2008/...mccain-
lot.html
Remember, most Senators and Congressmen and Congresswomen have money invested in WALL STREET.
They are looking out for Number One.
I say go back at LEAST 5 years and comb the Goldman Sachs and Morgan Stanley partners' earnings during that time period, to determine how much they have to give back in order to be bailed out now.
If you think they didn't know the shit they had in their asset pool, all the while pretending to have "earnings" to pay themselves, you don't know Wall Street.
Whooooo could have known!
Either way, it's dead, Jim.
Roadmaster, Milwaukee Office | Homepage | 09.20.08 - 4:40 pm | #
Dammit, I'm a doctor, not an economist!
HAND US THE FUCKING MONEY, AMERICA, OR THE ECONOMY GETS IT.
Let's be cool. Nobody wants to do anything they'll regret later. Be cool!
I just noticed my nym was fucked up.
I MUST have been out of it last night!
steal the tril and squash the government like a gnat, and just wind it up forever, the unitary theory of thuggery, it's a brand new world and folks need to make better friends than these
I wonder how many are just like me?
smalfish | 09.20.08 - 4:37 pm | #
I'm in pretty much the same boat. The appliance business is closely tied to new home sales.
"So let me get this straight -- he wants to run health care like they've been running Wall Street," Obama told the audience. "Well, Senator, I know some folks on Main Street who aren't going to think that's such a good idea." "
Does McCain have any nuts left to kick?
Either way, it's dead, Jim.
Roadmaster, Milwaukee Office | Homepage | 09.20.08 - 4:40 pm | #
Dammit, I'm a doctor, not an economist!
rorschach
So is Frist. Such talent is wasted...
TJ, just tryin' to get by
MWAH
nah, you weren't there
and people like you who were displaced by Katrina should also get first dibbs on these houses.
Moe is right. There has to be a way to turn this into something better.
The more McStain says, the less sense he makes.
Ducks are getting hammered by the Broncos
ErinPDX
It's early.
My mom's on her way from Boise to Klamath Falls and called me to ask what Sirius station the game was on. I looked, and it's not. But I asked her, since you're traveling across the entire state of Oregon (albeit the less populated section) don't you think you might be able to find it on the regular radio?
Cabinet minister Hazel Blears has attacked US vice-presidential candidate Sarah Palin as "horrendous".
Ms Blears, the Communities Secretary, suggested that the Republican running mate of John McCain had merely capitalised on people's distaste for regular politics.
Her comments appeared at odds with strenuous efforts by Downing Street to maintain neutrality on the US presidential elections. They also risk poisoning relations with the Republicans, who are still neck-and-neck with Democratic hopeful Barack Obama little more than a month before polling day.
Ms Blears was speaking to a fringe meeting at the Labour Party conference in Manchester when she remarked that politics was increasingly turning people off. "I just think there is so much anti-politics - not just in this country but around the world," she said.
"One of the reasons why Sarah Palin has been such a phenomenon is because she's anti-politics, anti-Washington. Her politics are horrendous, but actually she's struck a chord with people - 'I'm a maverick, I'm not part of those powerful people' - and people identified with that."
http://www.guardian.co.uk/uk/fee...article/
7813828
The more McStain says, the less sense he makes.
Terry C - Obama/Biden 2008 | Homepage | 09.20.08 - 4:43 pm | #
But we're his friends.
Right?
The more McStain says, the less sense he makes.
Like that crazy elderly relative that says off-the-wall things at family reunions.
Does this bail out de-emphasize the election, or is it just me?
Obama's speech today worked everything McCain's given him to work with, and he nailed it.
RMJ's blog has a post from Thursday. Someone's in touch with his mom, and they're without power, but otherwise OK.
Good to know. I was worried about him.
YES!!!
"Speaking at Bethune-Cookman University at an event highlighting his campaign's efforts to appeal to women voters, Obama invoked the current financial crisis by taking aim at an article carrying McCain's name in the current issue of Contingencies magazine, published by the American Academy of Actuaries.
In it, McCain wrote, "Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation."
"So let me get this straight -- he wants to run health care like they've been running Wall Street," Obama told the audience. "Well, Senator, I know some folks on Main Street who aren't going to think that's such a good idea." "
http://www.americablog.com/2008/...2008/...mccain-
lot.html
pigboy
Hot damn!
Hit 'em with the chair! Break it over his pointy little head!!
I wonder how many are just like me?
I'd say most of us. When money dries up completely, it will hit the entire asian and western world economies. No matter how well you think you've sheltered your money, your job situation, your family, we are all in this together.
this bailout is just the wind up before the election, just like iraq, obama has a plan, but not this kind
OT--
China is going after our butts!
Customers in France who bought Chinese-made recliners are complaining of stinging allergic rashes and infections.
One customer, Caroline Morin, said Friday she was stunned to learn the chair she bought last December appears to have caused the skin problems she says she suffered for months.
"You sit comfortably on something and in fact you have a bomb under your butt," she said.
Otay, off again.
Don't spend that $700 billion at once - you hear me? Cuz that's your allowance for this week!!
"Good to know. I was worried about him."
--ProfWombat
Thank you. I've thought of him everyday.
After 8 years, A, they figured out that they don't even need to pretend to pretend.
Does McCain have any nuts left to kick?
Monica_A: Axe Diesel
Sarah Palin?
"You sit comfortably on something and in fact you have a bomb under your butt," she said.
rorschach
What the hell - these are the same people who poisoned our pets.
my mom is invested in the market. It is how she supplements my dad's pension and her small SS stipend. All of her SS goes to pay her mortgage and her monthly bills are paid by her ROI.
She hasn't done anything wrong but she is getting screwed in this too. How many seniors are in this situation? Probably too many to count. I think that the people have a right to a Truth and Reconciliation component to this bailout. Any entity getting a bail, must come clean about its losses and remove the executives in charge without allowing golden parachutes.
Solve the problem of homelessness in America.
KidRanger
I'm happy and settled, no more will I roam
While starving to death in my government home
No matter how well you think you've sheltered your money, your job situation, your family, we are all in this together.
Doug
Yep. Learn to farm, people.
Hit 'em with the chair! Break it over his pointy little head!!
David Derbes, ochen' pissed. | 09.20.08 - 4:46 pm | #
--------------------------------------------------
------------------------------
This WWF match ain't faked at all. McShambles really got hit with the chair of his own making
"You sit comfortably on something and in fact you have a bomb under your butt," she said.
rorschach
Our financial crisis in a nutshell.
hey dude! Where's my car?
Some of the emergency measures expire "January 30, 2009", iirc.
In that case, limit the amount of funds available now, and make it subject to revision in the new year, when there's a sense of how to do things properly.
Asking Congress to approve this with a week's notice, with the threat of a veto and GOP obstructionism, is no way to write fucking laws. And that's how the GOP likes it.
What the hell - these are the same people who poisoned our pets.
Don't blame the chinese. Blame wall street. They're the one's profiting from the poisoning.
Could it be a bit more complicated than you state? What would a better course of action be?
Those same people are killing and poisoning babies in China -- and people are getting pissed.
Solve the problem of homelessness in America.
KidRanger
Problem solved.
A few tents cropped up hard by the railroad tracks, pitched by men left with nowhere to go once the emergency winter shelter closed for the summer.
Then others appeared — people who had lost their jobs to the ailing economy, or newcomers who had moved to Reno for work and discovered no one was hiring.
Within weeks, more than 150 people were living in tents big and small, barely a foot apart in a patch of dirt slated to be a parking lot for a campus of shelters Reno is building for its homeless population. Like many other cities, Reno has found itself with a "tent city" — an encampment of people who had nowhere else to go.
From Seattle to Athens, Ga., homeless advocacy groups and city agencies are reporting the most visible rise in homeless encampments in a generation.
"You sit comfortably on something and in fact you have a bomb under your butt," she said.
rorschach
Our financial crisis in a nutshell.
edub
Someone fucked us up the bomb...er, bum...
Her comments appeared at odds with strenuous efforts by Downing Street to maintain neutrality on the US presidential elections.
Don't we owe Europe after subjecting them to Bush/Cheney? If Hazel wants to say Sarah Palin is a piece of white trash that blew onto the national political scene, then say it! Belt it out like Dame Shirley Bassey!
edub, have her try KXL 750, they broadcast the Ducks (and the evil Lars Larson) and expanded their power a few yrs ago
You may think that you know kinky. . . .
Belt it out like Dame Shirley Bassey!
Monica_A: Axe Diesel
Coldfinger?
Remember, most Senators and Congressmen and Congresswomen have money invested in WALL STREET.
They are looking out for Number One.
Gomez
It's not just them and that's why they are so scared. It's me and every other middle class worker with a 401K. It's my state pension. It's unions. This is something will affect almost the entire middle class. Who will they blame. The poor? I think they are really afraid of a major revolt if the vast middle class loses all their savings. A more serious revolt than just voting the bastards out.
Has Obama said anything about this?
The more McStain says, the less sense he makes.
Like that crazy elderly relative that says off-the-wall things at family reunions.
Monica_A: Axe Diesel | 09.20.08 - 4:44 pm | # [kill][hide comment]
Spouse suggested that the Obama campaign
pay for more airtime for McSpain. It is the give him enough rope theory of political attack.
So does Obama vote for this?
edub, have her try KXL 750, they broadcast the Ducks (and the evil Lars Larson) and expanded their power a few yrs ago
ErinPDX
I shall do that. She's probably somewhere around Wagontire right now.
Bonjour sane american friends!
Gallup Daily: Obama 50%, McCain 44%
just saying...
http://www.gallup.com/poll/11055...-McCain-
44.aspx
there ain't no laws, only unitary thuggery, this shitpile is so damn big, it's going to take three wars to break even, and the dollar is going with it
He talked bout it today in Florida. You can hear a 5:49 segment at http://www.jedreport.com/
You may think that you know kinky. . . .
... I feel dirty! Tree on tree love? It's wrong! It's tree and leaf, not tree and tree. Abomination!
You may think that you know kinky. . . .
Hecate, Runnymeade Conspirator
Oh my.
Could it be a bit more complicated than you state? What would a better course of action be?
You know, I apologize, it's not you, but this reminds me of the second ex-Mr. Hecate who would do shit that I said over and over and over we shouldn't do and he knew better than I did and he'd go ahead and do it and then, when the shit hit the fan, he'd say, "Well, what do you think we should do? Do you have a better idea?"
Yeah, my better idea was to not get into this fucking situation in the first fucking place so that we didn't find ourselves between a rock and a goddamned hard place with no good choices left to us. That was my better idea and you told me that I was a ninny.
Gallup Daily: Obama 50%, McCain 44%
Great news. Now we need to figure a way to get that noose from around his neck.
Shouldn't we be able to rebuild the towers and New Orleans and a Cat 5 levee with $700 billion?
Silly. Trees have flowers -- they have the sex.
No matter how well you think you've sheltered your money, your job situation, your family, we are all in this together.
Doug
Yup, I work for the state, and so I'm not panicking, but while I was not the last hired in my section, I'm pretty close to it.
But if money becomes worthless and inflation skyrockets, my job isn't going to mean much.
Yep. Learn to farm, people.
Moe Szyslak
Hard to do when you don't own any land, or live in an apartment, or a homeless shelter.
Dickie Flatt
I shall do that. She's probably somewhere around Wagontire right now.
edub
rode on back of bf's motorcycle from sf to boise once. Wagontire is just a house with a gas tank. Dude almost didn't sell us any.
A more serious revolt than just voting the bastards out.
I can haz pitchfork.
The voices narrating the McStain ads don't even sound like THEY believe what the ads are claiming.
I still wish somebody could tell me what would happen to my potential NEH grant in the face of a bankrupt US government.
That is the system Hectate...you nailed it....now We Have No Choice.
The game is rigged.
oh my - AP Photo WISS104< ContentType:Spot Development; ContentElement:FullStory; Breaking:True;
WASHINGTON (AP) - Republican vice presidential candidate Sarah Palin is scheduled to meet with Afghan President Hamid Karzai next week in New York, campaign officials for GOP nominee John McCain confirmed Saturday.
Karzai and other world leaders will convene in New York for the opening of the U.N. General Assembly. Both McCain and Palin planned to be in New York during that time, in part so McCain can introduce the Alaska governor to the foreign dignitaries assembled there.
McCain campaign officials said Palin may have meetings with other world leaders, but declined to say which ones.
http://www.guardian.co.uk/world/...article/7814026
this whole bailout thing is so much like iraq
sorry...Hecate I meant.....I am such a vooooode
Shouldn't we be able to rebuild the towers and New Orleans and a Cat 5 levee with $700 billion?
We could probably cure cancer and aids.
We could certainly go to mars.
We could send everyone to college.
We could build a national health care plan.
So much we *could* do. But we HAVE to finance golden parachutes for a few first.
Obama will show up and vote yes, McWorse will skip the vote.
McCain campaign officials said Palin may have meetings with other world leaders, but declined to say which ones.
http://www.guardian.co.uk/world/...article/
7814026
Moonbootica, Brit Lefty | Homepage | 09.20.08 - 4:55 pm | #
I hope she wears a tube top and high heels...
New Orleans and a Cat 5 levee with $700 billion?
George Johnston | Homepage | 09.20.08 - 4:54 pm | #
Protect poor black people?
Ridiculous.
What on Earth could Sarah Palin have to say to Hamid Karzai, "Love those jaunty hats?"
this whole bailout thing is so much like the patriot act
Fellated Your Tonsils.
Hard to do when you don't own any land, or live in an apartment, or a homeless shelter.
TJ
Sure, although I'm growing a hell of a lot on my city lot. But, point taken. It's odd that people are still thinking the economy will collapse, but they'll still be living in the city, being hip urban people. Why?
My prediction: we start seeing a re-population of rural America. Slowly, at first, but more and more people are going to move back to the countryside, because if they can't work, at least they'll be able to farm a few acres for themselves.
WASHINGTON (AP) - Republican vice presidential candidate Sarah Palin is scheduled to meet with Afghan President Hamid Karzai next week in New York, campaign officials for GOP nominee John McCain confirmed Saturday.
Can't she start out with the Danes? She's diving into the deep end of the pool without floaties.
Moon,
So now the Republics like the UN?
Can you imagine world leaders talking to their aides?
I have to meet who?
She hunts what?
She believes what?
Are you sure that I have to meet her? In public?
Really?
She said what?
Can we cancel? Can I be sick?
A) US markets have long been propped up with black budget war funds.
B) The Iraq War has generated the largest black budget war funds.
C) US markets have been manipulated to justify outright looting.
D) Americans don't know or don't care.
E)
From Seattle to Athens, Ga., homeless advocacy groups and city agencies are reporting the most visible rise in homeless encampments in a generation.
rorschach | Homepage | 09.20.08 - 4:49 pm | # [kill][hide comment]
I want an ad campaign that shows detailed black and white images of the homeless camps like the ones from the 1930's...intercut with McStain's deregulator comments...then the bill for the bailout needs to be shown with all the zeros written out.
The voiceover needs to say, "this is the America Republican policies have created. Hardworking Americans have lost their homes, no help for them in the bailout and if they ever get back on their feet, they will be paying for it for the rest of their lives"
I bet that Palin has never, ever, been on the island on the northern tip of Alaska that actually has a view of Russia.
Obama will show up and vote yes, McWorse will skip the vote.
Comrad A. Morphous
and thta, my friend, will make a very good tv ad for Obama just weeks before the lections
Arianna sez:
But for Obama to show the kind of transformational leadership the crisis demands, he needs to do what so many of his critics have chided him for not doing: take a stand that puts him at odds with the establishment of his own party. He did it in 2002 with the war in Iraq. He can do it in 2008 with the economy.
He needs to start by making sure that the economic advisers he turns to extend beyond those he had on a conference call on Monday -- Robert Rubin, Lawrence Summers, Laura Tyson, and Paul Volcker. It's great to include graybeards who have been through crises before, but he needs to go beyond the two Treasury Secretaries who were complicit in the 1990s deregulation orgy that has led to so many of the problems we are now seeing. And he needs to make it clear that the Clinton-era Democrats who put the interests of Wall Street ahead of the interests of Main Street are not going to be the primary voices he listens to.
http://www.huffingtonpost.com/
ar...e_b_127575.html
WASHINGTON (AP) - Republican vice presidential candidate Sarah Palin is scheduled to meet with Afghan President Hamid Karzai next week in New York, campaign officials for GOP nominee John McCain confirmed Saturday
Why?
That asshole is not vice president of the US, even though she thinks she is.
rode on back of bf's motorcycle from sf to boise once. Wagontire is just a house with a gas tank. Dude almost didn't sell us any.
ErinPDX
Then it won't surprise you that they apparently don't have cellular service there. No answer on her cell.
That town's been for sale several times. We used to actually eat lunch there because it was about halfway between Klamath Falls and Nampa Idaho.
re-population of rural America.
Not too much of that left. Got bulldozed to build tracts of McMansions.
"Some Congressional Republicans warned Democrats not to overreach. “The administration has put forward a plan to help the American people and it is now incumbent on Congress to work together to solve this crisis,” said Representative John A. Boehner of Ohio, the Republican leader."
http://www.nytimes.com/2008/09/2...&hp&
oref=slogin
Republicans never over-reach, even when they ask for $700 billion with no strings attached.
Not even when they spray-paint themselves with cedar-colored deck stain (see Boehner, John).
Obama wants quid pro quo for the bailout.
What that is he has not said.
Ah, the Doom ninnies.
My prediction: we start seeing a re-population of rural America. Slowly, at first, but more and more people are going to move back to the countryside, because if they can't work, at least they'll be able to farm a few acres for themselves.
Prime farmland is going to be difficult to buy, especially if liquid cash has dried up, or has been inflated to be essentially worthless.
America deserves McPalin
My family and I do not.
Hecate, Runnymeade Conspirator | 09.20.08 - 4:58 pm | #
heh
Shouldn't we be able to rebuild the towers and New Orleans and a Cat 5 levee with $700 billion?
George Johnston
What are you, some sort of Communist agitator?
what's happening now is that the government has been taken over by the chimpy club of derivative rapture and the actions undertaken now pretty much ensure that nothing over the last eight years will be remembered, this is a clear sign that obama can legitimately be elected, but probably not take office, he has an alternative venue
thar be sheets
What happens, Moe, is almost what you describe. Except the migration is to the south and southwest, for the simplest of reasons. It's much easier to be poverty stricken and warm than poverty stricken and cold.
One way to look at it is that it's a bear raid led by the Friends of Hank. (FOH)
http://wallstreetexaminer.com/bl...m/bl.../winter/
? p=1918
thar be sheets
dirk gently, sociopathetic
Aaarrgh!
and that, my friend, will make a very good tv ad for Obama just weeks before the lections
plum p,better democrats please
mebbe, but if Obama votes for this piece of shit legislation, he won't have my vote.
The FISA betrayal was bad enough. This is even worse, which I didn't think possible.
He needs to take a stand against it. Period.
Yeah, my better idea was to not get into this fucking situation in the first fucking place so that we didn't find ourselves between a rock and a goddamned hard place with no good choices left to us. That was my better idea and you told me that I was a ninny.
Hecate, Runnymeade Conspirator | 09.20.08 - 4:53 pm
Sounds exactly like the ex Mr. Hellkitty. He is a diagnosed sociopath.
I have been saying for some time that Republicanism is institutionalized sociopathic behavior.
sheets
Via Digby, more proposed verbiage for Obama's speech on the Senate floor regarding the Billionaire Bailout Bill:
It's one thing to tell 23 years olds that they get to have fun with their social security taxes. They are young and dumb and don't have clue about saving. But once people get into their 30s and have kids and old parents they start to think about the future. And one of the things that allows them to take some risk with their 401ks or their homes is the fact that they have a guarantee of some kind of modest retirement income. If these free market wizards want average people to continue to participate in the markets, they'd better make sure they aren't asking them to risk everything. Unlike big banks and hedge fund managers, working people don't have golden parachutes to protect them from failure and the government isn't likely to step in to bail them out if they take a big risk and fail.
at least they'll be able to farm a few acres for themselves.
Moe Szyslak
Well, that's nice. Of course those too old or weak can rely on the kindness of strangers, I guess.
Or die.
“The free market for all intents and purposes is dead in America,” [Sen. Bunning (R-KY)] declared on Friday. “The action proposed today by the Treasury Department will take away the free market and institute socialism in America. The American taxpayer has been misled throughout this economic crisis. The government on all fronts has failed the American people miserably.”
Every Democrat in Congress should be embarrassed that it was a Republican that said this. Instead, they're just plain bare assed, and bent over a chair taking it up the poop shoot.
Again.
This kind of thing half makes me want McCain to win, and the GOP to win back congress. The Democrats don't deserve it. I'm so disgusted. Speechless.
How much do you want to bet that David Addington wrote the White House bail-out proposal?
No real oversight.
No real accountability, especially for the Wall Street CEOs.
No help for working-class citizens in America.
And the corrupt Republican leadership in Congress, the lapdogs responsible for the Wall Street meltdown, are telling Democrats in Congress to not "obstruct" the White House proposal, to not request any oversight other than a hearing three months down the road, to not help the American taxpayers who are footing this bail-out bill.
Yep, Addington's shit-covered fingerprints are all over this White House proposal, along with Cheney's, and Bush's, and Boehner's, as well as all the corrupt, anti-American, neo-Fascist Republicans...who no doubt will all sign onto this White House proposal, blocking any attempts by Democrats to provide oversight and relief for American taxpayers below the wealthiest top 1 percent.
For the corrupt, and actually borderline-evil, Republicans, it's politics all the time...and screw America..
"one of these firms holds the secret to getting my hair back. we need to find it"-Hank Paulson
wide stance paulson "i need me some bipartisanship"
kneepads schumer: "gulp"
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