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f greenspan.
jdw |
03.24.08 - 9:33 am | #
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ooo...a frist!
jdw |
03.24.08 - 9:33 am | #
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a tird?
jdw |
03.24.08 - 9:34 am | #
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that idea by hrc is about as good as er idea toi send powell aroundthe world to help reclaim our reputation.
jdw |
03.24.08 - 9:34 am | #
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hey!
racymind |
Homepage |
03.24.08 - 9:35 am | #
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I can't believe those sons of fuckers at Bear Stearns are actually going to come out of this smelling like roses.
I thought the 2 dollar share price was supposed to prevent the "moral hazard" of a "bailout".
But you can bet there won't be any "moral hazard" from any bailout of the poor shits that are sitting on negative equity.
I hate these cocksuckers worse than sin itself.
Pope Ratzo |
Homepage |
03.24.08 - 9:36 am | #
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I'm sorry I got a little angry there. It's too early for this shit. I'm gonna go walk teh dog.
Pope Ratzo |
Homepage |
03.24.08 - 9:36 am | #
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I repeat my question from below:
What's Obama proposing?
pie |
Homepage |
03.24.08 - 9:37 am | #
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moral hazards are so 1960s.
get with it, poopsie!
Henry Flower |
Homepage |
03.24.08 - 9:37 am | #
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Greenspan & Rubin? This is completely insane, and anyone even remotely paying attention would recognize it.
What is HRC's campaign thinking?
mojo |
03.24.08 - 9:37 am | #
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What, you'd rather the University of Chicago economists took a whack at this, atrios?
noblejoanie |
03.24.08 - 9:37 am | #
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"What's Obama proposing?"
for what?
jdw |
03.24.08 - 9:38 am | #
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Fuck Alan Greenspan. I remember back in '05 or so, Greenspan gave congressional testimony in which he recommended people take our ARM's at a time when he was raising interest rates. I knew right then he was either clueless or had lost his freaking mind.
Florida |
03.24.08 - 9:38 am | #
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On my teevee Preznit and Mrs. Preznit are out scaring kids before the Easter Egg Roll.
Poor kids.
Lindsay, clean fucking hippie |
Homepage |
03.24.08 - 9:38 am | #
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I know a few UofC economists I would trust to "take a whack" at this, but none of them are names you'd know from teh papers.
Pope Ratzo |
Homepage |
03.24.08 - 9:38 am | #
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How about finding some wise old men of Washington (or young ones) who were trying to warn about this stuff instead of the ones who were cheering it on.
What I was (trying to) say below.
Attaturk |
Homepage |
03.24.08 - 9:38 am | #
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"What is HRC's campaign thinking?"
Apparently not thinking at all. Unbelievable.
DFH in Dubrovnik |
03.24.08 - 9:38 am | #
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Just like the war. Let's not listen to anybody who thought that this whole 'un-regulation' of the financial markets was maybe not such a great idea.
Penguin |
03.24.08 - 9:38 am | #
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What's Obama proposing?
Something that doesn't involve a fucking con artist like Alan Green span, maybe?
the eye rolling never stops |
03.24.08 - 9:38 am | #
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Hey, but Hillary will fight for us. She's had 35 years of standing up to special interests along with her comrades in the anti-establishment struggle like Greenspan, Rubin, and Mark Penn.
rootless-e |
03.24.08 - 9:39 am | #
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Villagers will look after the Village.
Nothing else matters.
SteveNS |
03.24.08 - 9:39 am | #
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2004 - that's when Uncle Al kept the Fed Funds rate at 1 until Chimpy's reelection.
Jill |
03.24.08 - 9:39 am | #
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DHF in Dubrovnik, what are you doing down there? Working?
Marcellina |
Homepage |
03.24.08 - 9:39 am | #
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Something that doesn't involve a fucking con artist like Alan Green span, maybe?
I agree that Greenspan is a wanker of epic proportions. But it's a genuine question: does he have a plan?
Molly Ivors, Better? |
Homepage |
03.24.08 - 9:39 am | #
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I'm not sure what Obama is proposing, but I'm proposing putting my size 11 Chuck Taylor Allstar up your ass, pie.
Pope Ratzo |
Homepage |
03.24.08 - 9:40 am | #
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DWD, I'm throwing the question out to the posters on this blog. I don't expect a rational answer from you.
pie
And THAT is the reason I do not want you to address me. Such reasoning and logic and grace deserves my attention?
DWD |
Homepage |
03.24.08 - 9:40 am | #
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I'm sure Alan's Randian nonsense advice is just the thing to pull the nation out of its financial difficulties.
Penguin |
03.24.08 - 9:41 am | #
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Jeebus, lay off pie, people. It's an honest question.
Molly Ivors, Better? |
Homepage |
03.24.08 - 9:41 am | #
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for what?
Read the article. Helping out homeowners during the mortgage crisis. She supports legislation proposed by Frank and Dodd.
pie |
Homepage |
03.24.08 - 9:41 am | #
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Pope Ratzo--you're adding very little to the tone and content here this morning.
noblejoanie |
03.24.08 - 9:41 am | #
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DFH in Dubrovnik : how is it there? i hope to go there sometime.
jdw |
03.24.08 - 9:41 am | #
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It's all fucked up.
Ô¿Ô |
03.24.08 - 9:41 am | #
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I better go walk the dog before I start grinding my teeth again.
I'm going through 2 bottles of Sinus Buster Migraine Formula per week until this election's over.
Pope Ratzo |
Homepage |
03.24.08 - 9:41 am | #
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And DWD, do I need to grab your smelling salts and a clean hankie--lay off, pie.
noblejoanie |
03.24.08 - 9:41 am | #
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It's an honest question.
No, it isn't. It's "gotcha' bullshit.
the eye rolling never stops |
03.24.08 - 9:41 am | #
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I repeat my question from below:
What's Obama proposing?
pie | Homepage | 03.24.08 - 9:37 am | #
www.barackobama.com
That's not too hard is it?
He's proposing we improve the economy by stopping the war.
Of course, over a year ago he introduced mortgage fraud legislation and he has proposed a variety of substantial stimulus actions that do not involve financial flim flam.
rootless-e |
03.24.08 - 9:41 am | #
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I propose that Arthur be appointed. He's very good with figures and investing.
GWPDA, yclept Irate Historian |
03.24.08 - 9:41 am | #
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Time for a new era in DC.
Sadly, there will be no "new era" for big media. With the digital TV switchover, media is shelling out megabux - and we as consumers are being forced to shell out as well. The old TV spectrum has already been sold off to the Telecoms.
How can we continue to have free media when the medium costs billions? A: we can't.
Roadmaster, Milwaukee Office |
03.24.08 - 9:42 am | #
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Atrios : How about finding some wise old men of Washington (or young ones) who were trying to warn about this stuff instead of the ones who were cheering it on.
I still hold and will always hold that ANY Democrat is better than EVERY Republican. That being said, Clinton's ties to the Wise Old Men and the DLC tests my resolve every single time.
Meander |
Homepage |
03.24.08 - 9:42 am | #
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ARMS aren't just for reach-arounds anymore.
Anton Hussein Chigurh |
03.24.08 - 9:42 am | #
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OK I need some train advice. If I just show up at Union Station in DC and want to get on a train northboound, what are my chances of getting on the next train? Do I need to reserve/buy a ticket in advance? I woud need to do that online — anyone have good or bad experiences lately?
Marcellina |
Homepage |
03.24.08 - 9:42 am | #
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No, it isn't. It's "gotcha' bullshit.
No. It isn't.
pie |
Homepage |
03.24.08 - 9:42 am | #
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What -is- Obama proposing? I've not been keeping track.
GWPDA, yclept Irate Historian |
03.24.08 - 9:43 am | #
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Just like the war. Let's not listen to anybody who thought that this whole 'un-regulation' of the financial markets was maybe not such a great idea.
We have a winner, folks!
And maybe it might not be a bad idea for some other candidate to propose a team headed by, say, Atrios and Paul Krugman?
ThinlyVeiled, Bottle Brunette |
03.24.08 - 9:43 am | #
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noblejoanie,
EVERY TIME I am here pie is nasty to me. Every time. I am tired of it. I simply asked her to ignore me. She refused and continued to insult me.
I am tired of it, what is wrong with that?
DWD |
Homepage |
03.24.08 - 9:43 am | #
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As for the Dodd/Frank question, sigh,
http://www.barackobama.com/2008/
...port_for_pl.php
rootless-e |
03.24.08 - 9:43 am | #
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http://www.barackobama.com/issue...#home-
ownership
jdw |
03.24.08 - 9:43 am | #
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Can't have any honest questions here.
compression chip |
03.24.08 - 9:43 am | #
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And what would be a "dishonest question", Molly?
One of the many questions about Obama's patriotism that are coming from the Clinton Camp, maybe?
Pope Ratzo |
Homepage |
03.24.08 - 9:43 am | #
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This would be like having a Commission on the War, and appointing Rumsfeld and Feith Chairmen.
Anton Hussein Chigurh |
03.24.08 - 9:44 am | #
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If I just show up at Union Station in DC and want to get on a train northboound, what are my chances of getting on the next train?
I hate math problems.
SteveNS |
03.24.08 - 9:44 am | #
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I didn't post this to start an obama/clinton war, but obama was out in front in 2006 proposing increased regulation and crackdown on bad mortgage practices by brokers, and later proposed levying fines on bad actors in the system and using the money to bailout victims of predatory lending
Atrios |
03.24.08 - 9:44 am | #
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It's beyond houses. She and BHO need to talk about the "Shadow Banking System" Kruggie addresses in his column.
res ipsa loquitur |
Homepage |
03.24.08 - 9:44 am | #
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And maybe it might not be a bad idea for some other candidate to propose a team headed by, say, Atrios and Paul Krugman?
I'd support that, but I think Krugman is widely hated by some here.
Molly Ivors, Better? |
Homepage |
03.24.08 - 9:44 am | #
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EVERY TIME I am here pie is nasty to me.
Good grief.
pie |
Homepage |
03.24.08 - 9:44 am | #
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obama was out in front in 2006 proposing increased regulation and crackdown on bad mortgage practices by brokers, and later proposed levying fines on bad actors in the system and using the money to bailout victims of predatory lending
Thanks. That's all I was asking.
Molly Ivors, Better? |
Homepage |
03.24.08 - 9:45 am | #
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EVERY TIME I am here pie is nasty to me. Every time. I am tired of it. I simply asked her to ignore me. She refused and continued to insult me.
Just sayin', but killfile is a two-way street.
You too have the power to ignore.
SteveNS |
03.24.08 - 9:45 am | #
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DWD, I'm not around in the mornings much, but when I have been I've observed a certain increase in your testiness level. I have not seen any such rise in pie's conduct.
And 'being mean to me' is more Grade Four than Eschaton, neh?
GWPDA, yclept Irate Historian |
03.24.08 - 9:45 am | #
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buying an amtrak ticket online is fine, you just pick them up from a machine at the station when you get there. if you aren't traveling on a friday afternoon or similar busy time you'll have no problem buying a ticket from the station and trains run every hour or more often
Atrios |
03.24.08 - 9:45 am | #
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Thanks, Atrios.
Marcellina |
Homepage |
03.24.08 - 9:45 am | #
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It's beyond houses. She and BHO need to talk about the "Shadow Banking System" Kruggie addresses in his column.
Tricksy tiptoeing through Wall Street's tulips.
pie |
Homepage |
03.24.08 - 9:45 am | #
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Molly,
About to call PM's office. When was 'Con I -- 2005?
res ipsa loquitur |
Homepage |
03.24.08 - 9:45 am | #
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Yeah, that high-def conversion really pisses me off. I've not had cable all these years because I don't want to pay the bastards anything but one way or another, this is the first step in making those like me pay them. Fuck it, I'll go to only renting movies at the library, which I have to scoot off to return these and pick up a few more.
later
Ô¿Ô |
03.24.08 - 9:45 am | #
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“It is past time for the federal government to take direct and decisive action. To provide immediate relief, I am proud to join with Chris Dodd – the Chairman of the Senate Banking Committee – to introduce legislation creating a new FHA Housing Security Program, which will provide meaningful incentives for lenders to buy or refinance existing mortgages, and to convert them into stable 30-year fixed mortgages so that homeowners facing foreclosure can keep their homes. This will provide a federal backstop for lenders to reduce the principal of loans that are priced higher than the value of a home so that they are affordable for homeowners. It is not a bailout for lenders or investors who gambled recklessly. It is not a windfall for borrowers. Instead, the Dodd-Obama bill is a responsible and fair way to help bring an end to the foreclosure crisis facing the country.
“This is part of my comprehensive mortgage agenda, which includes resources for pre-foreclosure counseling, a tax break to working families on their mortgage interest payments, and tough penalties on fraudulent lenders. We must provide immediate relief to American families and to the American economy, while also taking the necessary steps to prevent this crisis from happening again.”
http://www.vbdems.org/?p=2373
jdw |
03.24.08 - 9:46 am | #
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September 05, res.
Molly Ivors, Better? |
Homepage |
03.24.08 - 9:46 am | #
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DWD--I'm here more than I should be but I don't see pie doing that to you unless you're personalizing the debate over candidates.
I wish that would stop. We don't need anymore hate in the world. Just ignore each other, don't take the bait, if indeed bait has been offered.
What am I doing lecturing a teacher.
Shutting up now.
noblejoanie |
03.24.08 - 9:46 am | #
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Good grief.
pie
pariah pie... can I have ice cream with mine?
Damn, people.
racymind |
Homepage |
03.24.08 - 9:46 am | #
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I didn't post this to start an obama/clinton war,
Atrios
Doesn't matter too much what you post as far as that goes.
V for Virginia |
03.24.08 - 9:46 am | #
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Thank you, jdw.
pie |
Homepage |
03.24.08 - 9:46 am | #
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And maybe it might not be a bad idea for some other candidate to propose a team headed by, say, Atrios and Paul Krugman?
Atrios sure, Krugman notsomuch. After he gave Robert Rubin a nice pass in that column today, I'm still wondering WTF.
mojo |
03.24.08 - 9:47 am | #
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"In the Washington Post today, all three candidates' economics advisers lay out their economic plans. Hillary Clinton calls for a "timeout" for foreclosures, cracking down on "predatory" lenders, and a $30 billion "emergency housing fund" to aid localities in combating the mortgage crisis. Barack Obama calls for "substantial" tax relief for "seniors and working people," plans to buy out troubled mortgages, and extending unemployment benefits to "get money to hard-pressed states" so they don't have to cut services. Obama would also crack down on the lending industry. John McCain would oppose "Democrats' plans to impose damaging tax increases" and enact market reforms to health care to improve care and reduce costs. On the housing front, McCain would limit loans by companies with too little capital and mortgages to those who could put too little down, and would also require "financial sacrifices" of "lenders and homeowners" who seek government assistance."
http://www.usnews.com/usnews/
pol...etin_080324.htm
jdw |
03.24.08 - 9:47 am | #
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Thank you, jdw.
pie
You, you, you monster!!!
Molly Ivors, Better? |
Homepage |
03.24.08 - 9:48 am | #
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We don't need anymore hate in the world.
I wonder. I hate greed and political perfidy like it was trying to kill my loved ones, for example.
I wish I'd have started hating it sooner in my life.
Pope Ratzo |
Homepage |
03.24.08 - 9:48 am | #
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I'd support that, but I think Krugman is widely hated by some here.
For real?
SteveNS |
03.24.08 - 9:49 am | #
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For real?
SteveNS
Indeed.
Molly Ivors, Better? |
Homepage |
03.24.08 - 9:49 am | #
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It may have been over at calculated risk yesterday, but I read that African-American leaders had wanted ARMS, wanted looser restrictions, so that less qualified borrowers under the old rules could have a crack at home ownership. IOW it wasn't just greedy Wall St types.
But supporting making credit easier to get is not the same as supporting tricking people into loans they should never have gotten and could never repay.
noblejoanie |
03.24.08 - 9:50 am | #
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Market's up today on hopes of more money for Bear.
Bulls for Bear.
Florida |
03.24.08 - 9:50 am | #
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Atrios sure, Krugman notsomuch. After he gave Robert Rubin a nice pass in that column today, I'm still wondering WTF.
mojo | 03.24.08 - 9:47 am | #
Krugman has become the de-facto far left of American economics, just as Larry Johnson is the de-facto far left of foreign policy. Those of us who are total extremist lefties, like Joe Stigliz or Samantha Powers are totally beyond the pale - even on the liberal blogs. And in the real world, those people are pretty centrist.
rootless-e |
03.24.08 - 9:50 am | #
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Hating Paul Krugman is like hating heavy traffic on the Kennedy Expressway.
It's inconvenient sometimes, but hating it doesn't help.
Pope Ratzo |
Homepage |
03.24.08 - 9:51 am | #
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Didn't Bill sign the bill that deregulated Wall Street?
Caroline W |
03.24.08 - 9:51 am | #
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I wonder. I hate greed and political perfidy like it was trying to kill my loved ones, for example.
I wish I'd have started hating it sooner in my life.
Pope Ratz
Not arguing with that, just taking issue with you aiming that anger at pie or anyone else who has been here long enough for you to know they're not evil.
noblejoanie |
03.24.08 - 9:51 am | #
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I didn't post this to start an obama/clinton war,
Atrios
Gavrilo Princip just meant to shoot the Arch Duke.
Attaturk |
Homepage |
03.24.08 - 9:52 am | #
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My current job involves being working and being in close quarters with the same group of people nearly every day, listening to their opinions, witnessing fights and breakdowns and misunderstandings and shifting loyalties. It's pretty much one big dysfunctional family.
And so it is here, except that not one of us is chained to the comments thread. If anyone feels people are insulting them, there's no reason not to take a walk, and talk to some real meat space people for a while.
Marcellina |
Homepage |
03.24.08 - 9:52 am | #
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Magician threatens to kill rationalist with magic. Rtionalist says ... sure.. on live TV
Hilarity ensues
JR, kerosene and a match |
Homepage |
03.24.08 - 9:52 am | #
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There are some really strange and confused mo'fers here SteveNS.
compression chip |
03.24.08 - 9:52 am | #
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Krugman has become the de-facto far left of American economics
I always thought Krugman was sort of center-ist, myself, but I'm for nationalizing telecommunications.
Pope Ratzo |
Homepage |
03.24.08 - 9:52 am | #
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Those of us who are total extremist lefties, like Joe Stigliz or Samantha Powers are totally beyond the pale - even on the liberal blogs.
Anyone to the left of Bill Clinton must be a bomb-throwing anarchist.
it's obvious really |
03.24.08 - 9:52 am | #
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noblejoanie,
Yes, there used to be something called redlining, where residents of certain neighborhoods just couldn't get credit. Clearly, that was wrong and discriminatory. But of course, offering them usurious credit masquerading as actual bank loans was the problem.
The banks just figured out how to poach the loan shark market.
Molly Ivors, Better? |
Homepage |
03.24.08 - 9:53 am | #
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Krugman is viewed as a Clinton supporter. He likes her health care plan, for instance.
noblejoanie |
03.24.08 - 9:53 am | #
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just taking issue with you aiming that anger at pie or anyone else who has been here long enough for you to know they're not evil.
Point taken, Joanie. I better walk the dog and chill. I've got tai chi class in 70 minutes. That should help.
sorry,
Pope Ratzo |
Homepage |
03.24.08 - 9:54 am | #
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Anyone to the left of Bill Clinton must be a bomb-throwing anarchist.
Newt Gingrich and Tom DeLay told this to the MSM, so it must be true.
Florida |
03.24.08 - 9:54 am | #
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I like Dean Baker's proposal that basically sets things up so people getting foreclosed are turned into tenants for awhile.
Handing over tax $$ or inflating the currency isn't fair to those of us who either are too poor to have bought a house during the bubble or too intelligent and honest to have gotten ourselves in a mess involving a mortgage we couldn't afford.
liberal |
03.24.08 - 9:54 am | #
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I always thought Krugman was sort of center-ist, myself, but I'm for nationalizing telecommunications.
Pope Ratzo
Krugman appears left-wing because he has been rationale for 6 straight years.
I wouldn't call him a member of the extreme left just because he called bullshit on most of Bush's policies. Just smart.
Attaturk |
Homepage |
03.24.08 - 9:54 am | #
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meanwhile, in other financial news. via ft:
Washington has called on international financial institutions to steer clear of doing business with Iran’s central bank, in the US’s most wide-ranging attempt yet to isolate Tehran financially.
The Treasury department has issued a warning of the risks of doing business with 51 state-owned and seven privately held Iranian banks – in effect the whole of Iran’s banking sector. The list includes institutions specialising in export financing and foreign investment, as well as Iranian state-owned banks located as far away as Venezuela, Hong Kong and the UK.
The move is an attempt to raise pressure on Tehran through measures that fall short of formal sanctions but go further than the private warnings US officials have delivered to regulators and financiers in recent months.
nona |
03.24.08 - 9:54 am | #
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And so it is here, except that not one of us is chained to the comments thread. If anyone feels people are insulting them, there's no reason not to take a walk, and talk to some real meat space people for a while
Great advice. I do a "just walk away Renee" whenever the need arises.
pax
Arabella Trefoil |
03.24.08 - 9:55 am | #
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I could start talking aout Dawkins, tht should give pie time to regroup.

JR, kerosene and a match |
Homepage |
03.24.08 - 9:55 am | #
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Rubin, Greenspan, Volcker? HAHAHAHAHA.
Now if her commission had Robert Reich and Joseph Stiglitz, then we'd be talking.
Phoenix Woman |
Homepage |
03.24.08 - 9:55 am | #
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"I'd support that, but I think Krugman is widely hated by some here."
i'm reading conscience of a liberal, and beginning to get the feeling he's less then enthusiastic about obama because of his beliefs about the importance of race in the gop winning elections.
also, if memory serves, wasn't he a lot more enthusiastic about free trade/nafta, etc in the past?
that might have something to do with the animosity..
jdw |
03.24.08 - 9:56 am | #
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Molly--it went beyond redlining. This was about the "new" loans which form the basis for the shitpile, no money down, low initial interest, then balloons to the extreme and prepayment penalties.
Kind of reminds me of the "rent to own" furniture scams in poor neighborhoods, or those check cashing/payday loan stores.
noblejoanie |
03.24.08 - 9:56 am | #
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It may have been over at calculated risk yesterday, but I read that African-American leaders had wanted ARMS, wanted looser restrictions, so that less qualified borrowers under the old rules could have a crack at home ownership. IOW it wasn't just greedy Wall St types.
But supporting making credit easier to get is not the same as supporting tricking people into loans they should never have gotten and could never repay.
noblejoanie
Of course people wanted more flexible lending arrangements. It's only when they have to pay the piper that borrowers whine about unfair lending practices. "Waaaaah, I only make $40k per year, how could the big, bad, bank loan me $600k for a mortgage? I've been used!"
How about this for a regulation:
No mortgages for anyone with a FICO below 660?
wallster |
03.24.08 - 9:56 am | #
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Krugman is viewed as a Clinton supporter. He likes her health care plan, for instance.
noblejoanie
I think he is a Clinton supporter over Obama. But that doesn't make him so bad. I'm an Obama supporter, but he's a politician -- just like Clinton. Which is neither good or bad.
Bobby Kennedy is a lot more liberal in his hagiographies too.
Attaturk |
Homepage |
03.24.08 - 9:56 am | #
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Didn't Bill sign the bill that deregulated Wall Street?
Just as important, he signed the bill that makes it easier for people to avoid capital gains taxes on their homes.
Like most of the elite, he just loves shoving $$ into landowners pockets.
liberal |
03.24.08 - 9:57 am | #
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I wouldn't call him a member of the extreme left just because he called bullshit on most of Bush's policies. Just smart.
Attaturk | Homepage | 03.24.08 - 9:54 am | #
He's a smart guy and pretty rational. But the Obama/Clinton campaign has highlighted his membership in the economic consensus that did away with Glass Steagal and implemented NAFTA. The wingers are so out there that even a reasonably conventional economist like Krugman is on the edge of acceptable opinion - he has a lonely outpost of rationality on the NYTimes pages.
rootless-e |
03.24.08 - 9:57 am | #
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I'm fine, JR. It's too bad that those who have been called for less inciteful rhetoric are constantly ignored.
pie |
Homepage |
03.24.08 - 9:57 am | #
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Heh:
Bear Sterns Kitteh
ThinlyVeiled, Bottle Brunette |
03.24.08 - 9:57 am | #
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Rubin, Greenspan, Volcker? HAHAHAHAHA.
I like Paul Volcker for the mere fact that he told Larry Kudlow to go fuck himself when he was Fed chair. That makes him good people in my book.
Florida |
03.24.08 - 9:57 am | #
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Magician threatens to kill rationalist with magic. Rtionalist says ... sure.. on live TV
Hilarity ensues
JR, kerosene and a match
Fun!
V for Virginia |
03.24.08 - 9:58 am | #
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Kind of reminds me of the "rent to own" furniture scams in poor neighborhoods, or those check cashing/payday loan stores.
Ding, ding, ding!
Molly Ivors, Better? |
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03.24.08 - 9:58 am | #
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Krugman is viewed as a Clinton supporter. He likes her health care plan, for instance.
noblejoanie
OMG That's it. Now I hate him with power of 10,000 suns.
Jesus, people. Again. Supporting Hillary does not equate to hating Barrack.
qlª |
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03.24.08 - 9:58 am | #
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The problem with intervening to stop one of these faux bonanzas once it is underway is that everybody hates you for it, becuse they feel you are preventing them from realizing the American dream of getting something for nothing. You need to see it coming and prevent it before it starts, or else the resistance will be insumountable until you get to the remorseful aftermath stage we have now.
blerb |
03.24.08 - 9:58 am | #
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Phoenix Woman wrote, Rubin, Greenspan, Volcker? HAHAHAHAHA. Now if her commission had Robert Reich and Joseph Stiglitz, then we'd be talking.
Actually, I saw some comments from Volcker on the topic of the credit implosion, and they were completely reasonable.
Al "cheap money/screw SS participants" Greenspan, OTOH...
liberal |
03.24.08 - 9:59 am | #
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I'd support that, but I think Krugman is widely hated by some here.
He's had the bad taste to question some of the things Hopey McChange has said.
It's heresy, I tells ya - HERESY!!!
dave™© |
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03.24.08 - 9:59 am | #
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JR : Magician threatens to kill rationalist with magic. Rtionalist says ... sure.. on live TV
Hilarity ensues
You know -- just when everything sucks, I'm reminded again why I love living in the 21st century. Thanks for that.
Attaturk : I wouldn't call him a member of the extreme left just because he called bullshit on most of Bush's policies. Just smart.
That's the truth. He's to the left of Bush and any of the courtiers, but I'm not surprised or upset that he likes Clinton, and is still skeptical about Obama.
Meander |
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03.24.08 - 9:59 am | #
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It may have been over at calculated risk yesterday, but I read that African-American leaders had wanted ARMS, wanted looser restrictions, so that less qualified borrowers under the old rules could have a crack at home ownership. IOW it wasn't just greedy Wall St types.
making loans available for low income people is a different beast than giving out money to any and all who happened by. it's remarkable to me the power that $7/hr salon worker had to walk into any bank and demand -- and receive! -- a $400,000 loan with no supporting documents.

nona |
03.24.08 - 9:59 am | #
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I don't "hate" Krugman, I just disagree with him sometimes. If that makes me a 'hater', well ok then.
Seems like I've heard that 'hater' label quite a bit in the last few months, especially whenever inconvenient facts are pointed out like oh, Robert Rubin helped pave the way for banking deregulation while he was Treasury Secretary under Clinton.
mojo |
03.24.08 - 9:59 am | #
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"Waaaaah, I only make $40k per year, how could the big, bad, bank loan me $600k for a mortgage? I've been used!"
Yeah! and the borrower shouldn't have tricked the poor innocent lender into giving money that couldn't be repayed. If only the poor victim of a lender had known the borrower only made 40K none of this would have happened!"
The Old Man From Scene 24 |
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03.24.08 - 10:00 am | #
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I wouldn't call him a member of the extreme left just because he called bullshit on most of Bush's policies. Just smart.
Attaturk
While I'm sure Krugman is plenty smart, it doesn't take a rocket scientist to determine that the frigging in the rigging that is the Bush Administration's 'economic policy' is nothing but a swindle.
Billy B |
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03.24.08 - 10:00 am | #
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I'm having trouble keeping up: Why are Volcker and Rubin bad?
Cookie Fleck `08 |
03.24.08 - 10:00 am | #
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Supporting Hillary does not equate to hating Barrack.
True. But that made Krugman's column stronger, since he clearly isn't thrilled by either Dem's position.
liberal |
03.24.08 - 10:00 am | #
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You know I am sick of all the Hillary hate on the internet. The DailyObama is unreadable because of the bias and now Atrios is on the Hillary hating bandwagon also. Why are you so afraid of a woman president? Lets see Barack Obama do anything worthwhile while he loses to McCain in the general.
You people need to pull your heads out of your asses and look past Hillary's gender.
FUCK YOU ATRIOS |
03.24.08 - 10:01 am | #
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Stupid me. I thought Reagan and Bush I paved the way for deregulation.
compression chip |
03.24.08 - 10:01 am | #
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I'm fine, JR. It's too bad that those who have been called for less inciteful rhetoric are constantly ignored.
pie
Just trying to inject a litle levity, and perspective, into the psychodrama.
I man, I can generate a dogpile in seconds flat, just check back a couple of nights....
JR, kerosene and a match |
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03.24.08 - 10:01 am | #
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While I'm sure Krugman is plenty smart, it doesn't take a rocket scientist to determine that the frigging in the rigging that is the Bush Administration's 'economic policy' is nothing but a swindle.
true. but somehow no one else had that figured out back in '99. krugman was pointing out that bush's numbers weren't adding up even before the 2000 election.
kidlacan |
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03.24.08 - 10:01 am | #
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I'm having trouble keeping up: Why are Volcker and Rubin bad?
Cookie Fleck `08 | 03.24.08 - 10:00 am | #
Rubin helped do away with banking regulations as part of the Clinton team and then he went to work for Citibank helping lead its journey into high leverage gambling. It is perhaps a good idea not to rely only on the people who helped create this mess.
rootless-e |
03.24.08 - 10:02 am | #
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Of course people wanted more flexible lending arrangements. It's only when they have to pay the piper that borrowers whine about unfair lending practices. "Waaaaah, I only make $40k per year, how could the big, bad, bank loan me $600k for a mortgage? I've been used!"
Butbutbut I deserve the McMansion and the Benz.
Henry Flower |
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03.24.08 - 10:02 am | #
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The problem with intervening to stop one of these faux bonanzas once it is underway is that everybody hates you for it, becuse they feel you are preventing them from realizing the American dream of getting something for nothing. You need to see it coming and prevent it before it starts, or else the resistance will be insumountable until you get to the remorseful aftermath stage we have now.
blerb
Bingo!
JR, kerosene and a match |
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03.24.08 - 10:03 am | #
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You people need to pull your heads out of your asses and look past Hillary's gender.
Wait -- Hillary is a woman?
V for Virginia |
03.24.08 - 10:03 am | #
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And of course, molly, redlining is something that actually is regulated -against-, and fairly rigidly.
Oh, where are teh guys! I gotta get them set up before I can go get blood-let and until I can get my 800 calorie breakfast.
GWPDA, yclept Irate Historian |
03.24.08 - 10:03 am | #
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Jesus, people. Again. Supporting Hillary does not equate to hating Barrack.
Bears repeating.
I might add, see also: Supporting Barack does not equate to hating Hillary.
People have their opinions, and their reasons for supporting both. I don't see much value in getting pissy about it, nor in making baseless attacks, or snide comments regarding one side or the other, or in getting one's hackles up over legitimate criticisms. It's a primary; we're supposed to be figuring this stuff out. Soon enough, one or the other will be the nominee, and I don't think it's productive to be overly nasty about either one of them.
ThinlyVeiled, Bottle Brunette |
03.24.08 - 10:03 am | #
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Cookie Fleck `08 | 03.24.08 - 10:00 am
because Clinton Did It. do try to keep up.
(rubin has flaws, but he was pointing out some of the more egregious issues. and greenspan was pretty decent until bush got into office.)
kidlacan |
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03.24.08 - 10:03 am | #
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You people need to pull your heads out of your asses and look past Hillary's gender.
FUCK YOU ATRIOS
Not the case.
bill |
03.24.08 - 10:03 am | #
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"You people need to pull your heads out of your asses and look past Hillary's gender."
there's a lot of reasons to have contempt for hillary besides the fact she has a vuhgina.
she may just be trying to move the tale of her bosnia heroics off the table for now.
jdw |
03.24.08 - 10:03 am | #
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dave™© : It's heresy, I tells ya - HERESY!!!
Y'know -- that was just not necessary.
BTW -- I hear a LOT about Hillary-hating or Obama-hating, but (aside from the obvious trolls, of course) I don't see a lot of either here.
Or maybe I'm nuts, too.
Meander |
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03.24.08 - 10:03 am | #
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Atrios, you are a real hater!
compression chip |
03.24.08 - 10:04 am | #
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If the banks that made the loans still had an interest in whetehr or not they were paid back, a lot of the 'loans for anything' would not have been allowed to happen.
Penguin |
03.24.08 - 10:04 am | #
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So Rubin had nothing to do with the Clinton surplus/booming economy?
Must speak with the husband about this--he's a DFH w/a degree in economics and thinks Rubin and Volcker are two of the best minds in the business.
Cookie Fleck `08 |
03.24.08 - 10:04 am | #
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DFH in Dubrovnik : how is it there? i hope to go there sometime.
jdw | 03.24.08 - 9:41 am |
Maybe we can have EschaCon III on the Adriatic coast.
Buckeye, Dealer of Rare Coins |
03.24.08 - 10:04 am | #
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But that made Krugman's column stronger, since he clearly isn't thrilled by either Dem's position.
Which is why I was so surprised to see people trashing it this morning--it seemed pretty measured and evenly critical to me.
Molly Ivors, Better? |
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03.24.08 - 10:04 am | #
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Senator Evan Bayh of Indiana, who backs Senator Hillary Rodham Clinton for president, proposed another gauge Sunday by which superdelegates might judge whether to support Mrs. Clinton or Senator Barack Obama.
lol
fade away clintonites, fade away
Syd B |
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03.24.08 - 10:04 am | #
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Phoenix Woman wrote, Rubin, Greenspan, Volcker? HAHAHAHAHA. Now if her commission had Robert Reich and Joseph Stiglitz, then we'd be talking.
oops:
January 31, 2008, 12:36 pm
Volcker: I Endorse Obama
Former Federal Reserve Chairman Paul Volcker is the latest big-name endorsement for Democratic Sen. Barack Obama of Illinois, lending his gravitas in the financial world to a presidential candidate whose biggest hurdle is to convince voters he is experienced enough to be president.
Obama
“After 30 years in government, serving under five Presidents of both parties and chairing two non-partisan commissions on the Public Service, I have been reluctant to engage in political campaigns. The time has come to overcome that reluctance,” Mr. Volcker said in a statement today. “However, it is not the current turmoil in markets or the economic uncertainties that have impelled my decision. Rather, it is the breadth and depth of challenges that face our nation at home and abroad. Those challenges demand a new leadership and a fresh approach.”
He concluded: “It is only Barack Obama, in his person, in his ideas, in his ability to understand and to articulate both our needs and our hopes that provide the potential for strong and fresh leadership. That leadership must begin here in America but it can also restore needed confidence in our vision, our strength, and our purposes right around the world.”
nona |
03.24.08 - 10:05 am | #
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Supporting Barack does not equate to hating Hillary.
yeah right.
it's obvious really |
03.24.08 - 10:05 am | #
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I can go get blood-let and until I can get my 800 calorie breakfast
GWPDA, you dating a vampire? Didn't you just get bled last week?
Gromit, venal acolyte |
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03.24.08 - 10:05 am | #
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Really hating on either of these two candidates to me constitutes grounds for immediate suspicion about a poster's intentions and character.
blerb |
03.24.08 - 10:06 am | #
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Oh, where are teh guys! I gotta get them set up before I can go get blood-let and until I can get my 800 calorie breakfast.
Looking for a healthy breakfast, GWDPA?
Don't look here.
res ipsa loquitur |
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03.24.08 - 10:06 am | #
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there's a lot of reasons to have contempt for hillary besides the fact she has a vuhgina.
you probably didn't mean to leave the phrasing ambiguous, but the way you word that certainly makes it sound as though "contempt" is an understandable reaction to her gender, there.
and "contempt" is a pretty strong fucking word regardless.
kidlacan |
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03.24.08 - 10:06 am | #
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"Maybe we can have EschaCon III on the Adriatic coast."
it might be cheaper then philly.
jdw |
03.24.08 - 10:06 am | #
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The rethugs and friends know who to support.
compression chip |
03.24.08 - 10:06 am | #
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Rubin and Volcker are two of the best minds in the business.
I think this is true, but also agree with Krugman's main point, which is that the people who get you into a mess are not necessarily the best to get you out of it.
Gromit, venal acolyte |
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03.24.08 - 10:07 am | #
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blerb,
I think that's true, but when people want the supporters of one to just "disappear" (see Syd B, above), it's not unreasonable to defend oneself.
Molly Ivors, Better? |
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03.24.08 - 10:07
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