I'MMA LET YOU FINISH
Knowing this about Ron Fournier...
Can I ask Democrats in a poll if they have a problem with McCain being old?
Krug's being shrill again!
Why are these liberals so strident?
The 1 year-old is laying on my horse head just relaxing. She's adorable when she's not yelling her head off.
my favorite part:Sec. 8. Review.
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
Unreal.
I made you some LarryElvis!
.
I just hope the Congressional Dems:
1. listen to Krugman;
2. grow a spine between now and Sunday night.
"you're my spiritual guru"-Hank Paulson to Tom Noe
A-man slashdotted the Krug!
.
We don't need pitchforks and torches, we simply need to stay home a couple days, not buying one goddamn thing.
No judicial review for decisions made by the executive branch?
Fuck that shit.
Totally unconstitutional.
This is a Coup d'etat!!!!
Of course if the Dems do grow a spine (and a pair) and vote against this thing, the Rethugs will accuse them of sabotaging a "solution" to this crisis for the sake of politics, just in time for the election. Ah, the beauty of it.
so basically this turns the Treasury Secretary into the worlds largest Mortgage Bond trader with absolutely no oversight and a virtually unlimited budget. Yeah, this won't end well.
Of course if the Dems do grow a spine (and a pair) and vote against this thing, the Rethugs will accuse them of sabotaging a "solution" to this crisis for the sake of politics, just in time for the election. Ah, the beauty of it.
Comrade Imelda Blahnik
The timing certainly has my antennae twitching.
It's an election year -
Look at all the Cadillacs driving up to to the Treasury Depart...er...Welfare Office!!
College Republicans:
The place where cutthroat, amoral putzes like Karl Rove cut their teeth.
They're all staunchly for the Iraq War, although none have volunteered to go, even though they're the same age as the grunts doing the fighting they say is so important. Doughy losers who, at age twenty, care more about tax cuts than girls. And lately they've been holding these "Catch an Illegal Immigrant" parties around the country where they basically play hide-and-seek with one lucky player posing as the wetback. Usually you have to be older and married before you start hating life so much you try to blame the Mexicans for all your problems, don't you?
(Bill Maher)
So Obama's all for this, eh?
We don't need pitchforks and torches, we simply need to stay home a couple days, not buying one goddamn thing.
Stop paying our mortgages.
honestly, that's a little on the weak side; i expect better from krugman. i mean, the plan is basically about giving unfettered power to paulson and nothing in return to the taxpayers for their trouble, perhaps PK would like to mention that? this plan is nothing less than the AUMF of the finance world; we all know what the original "bought" for us. krugman can use stronger language than that, i think.
If the exact same philosophy was applied to Universal Health Care, the rethugs would be screaming about government crowding out private industry from every window. Funny that.
Sarah Palin - Unplugged and Incoherent
She'll priority Edewcateshon and ChIldrens, as a vice-prestent, our Nation, expeerienss of our futur, all our futures, and they will not stop America, as an honor to our next prestent in chief, we are all proud, stand up for our leader, the one with the Right stuff! in our time, a POW, neither 9-11, never, and not Alkieada!
The problem is in counting on Congress not to be panicked into giving the treasury a blank check.
If it is one thing that we know, this congress can be panicked into doing ANYTHING, and Nancy Pelosi and Harry Reid will come out and try to put a cherry on top of this big shitpile and tell us its "good".
I am sure that the administration will get everything it wants, including the unprecedented authority to do whatever the hell it wants without any review by any court or administrative agency!!!!
I don't think we can count on this congress to look after our best interests. They certainly have done nothing to make anyone believe that they would do anything to look after the interests of the American people against this administration.
SUPERTRAIN!!!!
Duceppe wants high-speed train in Quebec
MONTREAL (CBC) - Bloc Québécois Leader Gilles Duceppe called Saturday for a high-speed train between Quebec City and Montreal, and eventually on into Ontario and the United States.
ADVERTISEMENT
The train would be good for the environment and create jobs, he said in Quebec City.
He called on the federal government to support the idea.
The premiers of Ontario and Quebec launched a study in January to look into the prospects for high-speed train links between major cities such as Montreal, Ottawa and Toronto.
The federal government has agreed to participate in the study, the premiers said.
Treasury needs to explain why this is supposed to work — not try to panic Congress into giving it a blank check.
Too late. Disaster Capitalism plan engaged.
DO IT DO IT DO IT C'MON YOU GOTTA DO IT OR YOU'LL FUCK THE GLOBAL ECONOMY DON'T DRAG YOUR FEET FOR POLITICAL REASONS LOOK THEY'RE PLAYING POLITICS WITH OUR LIVES!!!!!!!111!!!1.
Hey, Paul -
Suck
on
This
krugman can use stronger language than that, i think.
chicago dyke,
He is trying to keep his NYTimes gig as well as his Princeton job (sure, he's tenured, but the trustees have their ways...)
AUMF of the finance world - well put, cd.
As I said below, it is precisely a fait accompli.
Treasury needs to explain why this is supposed to work — not try to panic Congress into giving it a blank check. Otherwise, no deal.
Howabout a "Welfare to Work" program for the pinstripe set?
After all, it would be irresponsible to facilitate a culture of dependency among our financiers, whose immoral lifestyles and "anything goes" values led to their social and financial poverty.
(A little preach-back is so sweet)
young republicans never care about girls, brian. understand that and you're halfway to understanding the republican mind. hint: cocksucking is a higher priority.
It hardly seems worth mentioning, given what else is going on...but you should consider writing a letter about this.
And he was blogging. Wait for the column.
I trust these guys like they were my own brother.
Take it from me.
Would I ever mislead you?
Of course if the Dems do grow a spine (and a pair) and vote against this thing, the Rethugs will accuse them of sabotaging a "solution" to this crisis for the sake of politics, just in time for the election. Ah, the beauty of it.
Of course if you want to take the reptilian Rove approach, you can argue that the Dems can vote for it--unaccountable authority and all--win the election, and then once in control of the White House use that same unaccountable authority against the fat cats and in favor of the taxpayers. We'll see who screams then.
I really got the sense...
..Joe Biden was genuinely disappointed at John McCain.
Remember...
These Rove people went after his FAMILY when he competed against the Bush family's machine for the nomination back in 2000.
You could tell Joe felt really bad, because he was ready to back McCain against the character assassination, even though he's from the opposite party.
Hence, disappointment.
not anger....
...but disappointment.
I like smalfish's idea about holding back the mortgage payments, even if it means taking a late fee. Coordinated, it would leave a mark.
She'll priority Edewcateshon and ChIldrens, as a vice-prestent, our Nation, expeerienss of our futur, all our futures, and they will not stop America, as an honor to our next prestent in chief, we are all proud, stand up for our leader, the one with the Right stuff! in our time, a POW, neither 9-11, never, and not Alkieada!
May we have the Asshole to English interpreter up here, please?
"no one could have predicted" blast from the past
With Keith's friend, Bill O, about Krugman.
Clip of Tim Russert - Paul Krugman vs O'Reilly
http://www.youtube.com/watch?v=M...h?
v=MUOFTPbxuWA
young republicans never care about girls, brian. understand that and you're halfway to understanding the republican mind. hint: cocksucking is a higher priority.
chicago dyke, slothful
They just need women to breed more young republicans.
I hope Ralph Nader is happy, Sandra Day O'Connor, too.
Full transcript
http://www.jimgilliam.com/2004/
0..._transcript.php
Krugs for Sec Treasury
Now I have to ask the silver haired gentlemen and gentlewomen from the Democrat party...
...look at they treat their own.
Why should we doubt what Representativwe Murtha has said about a proper presidential age? The job requires strength and most of all...fortitude.
So Obama's all for this, eh?
Over at FDL, Ian Welsh has something to say about that...
The Invisible Hand of Henry Paulson will ease the pain.
So kick back, pour yourselves a drink, and do not worry your silly heads about a billion here or a trillion there.
Why, if each person in China lends us as little as 1000 dollars, in return for a piece of paper from the US government, we'll be in clover.
The GOP is all about the rule of law, provided it's the proles doing the obeying. When they lie, cheat, steal and bribe, that's just business. If the rest of us followed suit, there'd be no rich guys.
I hope Ralph Nader is happy, Sandra Day O'Connor, too.
noblejoanie | 09.20.08 - 6:35 pm | #
I'm sure Nader is, and I'd bet O'Connor is.
I hope Ralph Nader is happy, Sandra Day O'Connor, too.
Ralph Nader is not or will he ever be happy. Sandra Day O'Connor is too dumb to be happy.
Luigi Zingales (via Brad deLong):
Forcing a debt-for-equity swap or a debt forgiveness would be no greater a violation of private property rights than a massive bailout, but it faces much stronger political opposition. The appeal of the Paulson solution is that it taxes the many and benefits the few. Since the many (we, the taxpayers) are dispersed, we cannot put up a good fight in Capitol Hill; while the financial industry is well represented at all the levels. It is enough to say that for 6 of the last 13 years, the Secretary of Treasury was a Goldman Sachs alumnus. But, as financial experts, this silence is also our responsibility. Just as it is difficult to find a doctor willing to testify against another doctor in a malpractice suit, no matter how egregious the case, finance experts in both political parties are too friendly to the industry they study and work in.
and, i want to see krugman take the early lead, and start describing what a better plan should look like. we all know giving paulson unlimited, unregulated powers is a stoopid idea of the first order; what would work instead? i don't expect congressional dems to be able to come up with a good plan, they are too used to having legislation written for them by their campaign-funding buddies on wall st. so it's up to "our" economists. we've done a pretty good job here today, but i suspect dems aren't reading blog comments for ideas, so it's got to be (admittedly decent) villagers like krugman. he can crib from the comments if he's looking for any ideas, i don't think anyone would mind.
Sandra Day O'Connor, too.
I hope she looks at herself in the mirror every morning and tells herself what a klutz she was back in Dec. of 2000.
I like smalfish's idea about holding back the mortgage payments, even if it means taking a late fee. Coordinated, it would leave a mark.
Yep. No need to starve ourselves either.
This is Ralph Nader's last shot at the brass ring. He is 74. He will be old and bitter soon.
The ad for Jim Gerlach below this thread (in my neck of the woods) does not mention that he is a Republican, nor does the script that the link leads to. In fact you might assume he is a democrat, which would be a mistake. Gerlach as a Republican right-wing, fascist kept in office by extreme right-wing groups.
for 6 of the last 13 years, the Secretary of Treasury was a Goldman Sachs alumnus.
Isn't GS one of those in deep trouble?
This is Ralph Nader's last shot at the brass ring. He is 74. He will be old and bitter soon.
trifecta
Like McCain is now?
We have a similar ad that just cropped in Oregon.
If they won't identify their party, they're Republicans.
If Obama does not tell Reid and Pelosi to stop this bill, he will be reduced not just to clean-up duty for the Bush administration, which was always going to part of his job, but he will do that cleanup on Bush's and Paulson's terms. If Obama would prefer that ordinary Americans should also get some help, too bad. If Obama would prefer that bank CEOs who ran their companies into the ground should lose their jobs, too bad. If Obama thinks that reforming the financial system is necessary as a condition of bailing it out, too bad.
http://firedoglake.com/
Isn't GS one of those in deep trouble?
No, they are doing quite well. Aren't you shocked?
As much as it pisses me off, Obama is going to make a deal.
Nader is OLDER than McCain.
Let the government do the lending until this sorts itself out, i.e., let these financial guys fall. Whoever is the new president can then develop a plan, indeed, the candidates could run on theirs.
As it is, Obama will be able to do nothing but be a figurehead if this passes. There'll be little money for anything else, certainly not health care.
The ad for Jim Gerlach below this thread (in my neck of the woods) does not mention that he is a Republican, nor does the script that the link leads to. In fact you might assume he is a democrat, w
i got a flyer in the mailbox the other day from a rethug running for state house. it was like a dumb person's version of the obama campaign theme. seriously, the most common word on both sides of the flyer was "Change!" it made me laugh, given the fact that the rethugs in this state have held power in the state senate for quite some time.
A poison pill? The executives who drove their banks into insolvency won't let the government save their banks if it means they have to give up multi-million dollar golden parachutes? After they've been paying themselves millions a year for the sheer incompetence necessary to bankrupt their companies? Did we step through the mirror and I didn't notice?
I can only read this as Paulson saying that Republicans will stop any bill that reigns in executive compensation in exchange for a bailout. I cannot think of words sufficient to describe my contempt at the greed, selfishness and sheer hubris being displayed by Paulson, Republicans and the bankers who believe they can dictate that not only should Congress hand over 700 billion dollars, but it should do so with no meaningful conditions.
http://firedoglake.com/2008/09/2...-a-poison-pill/
This would be a great time to abolish the fed.
chidyke, there's an amazing chorus of negative opinion about this maneuver all over the economic blogs, and although the emerging proposals go pretty far beyond my meager understanding of economics, the possibility of making something fairer and more efficient out of this legislation exists if we can keep our legislators from being stampeded into endorsing a blank check (a la 9/11).
I agree a no vote is required. Why does anyone thinnk the proposal of the same group that got us into this mess will do anything but iincrease our deficit? Antoher way, whty do we drive down this path when these folks drove us in the ditch?
The bases are laded for Barrack Obama and he needs to step up and hit it out of the park by saying no and leading the Congressional defeat any further bailout.
Main Street is ready to swallow the bitter pill, tighten their belt and get on with rebuilding a better system clean of all the bullshit failure that led us here and let the market take its course.
Now if only Obama shows he has a pair and promimses to lead us through this without any further bailouts. The opportunity is right before him, if he only seizes the moment. Fear is failure.
If gs is not in trouble it soon will be. Why do you think they are bailing out their buddies
Oh, God; everyone's Miss Cleo all of a sudden.
FDR got started on fixing the Great Depression and built tons of infrastructure doing it.
re: chicago dyke, slothful
quote: we've done a pretty good job here today
- - -
I don't know about you, but I listened to the podcast of Thom Hartmann's interview with Ravi Batra yesterday (then took notes before posting), plus listened to Bill Moyer's interviews last night.
Are those villagers?
Commoners?!
Or just more of the least common deminators of our society, who by the way...don't get paid to be here.
Sounds remotely familiar to an all-volunteer Armed Forces, doesn't it.
Folks, time to hit the phones harder than if you were voting for the American Idol finals.
Congress needs to know that the taxpayers need to have a REAL voice - and a REAL chance of some payback.
And for God's sake, NO POWER OF GOD TO BERNANKE AND PAULSON.
WE WILL NOT STAND FOR GIVING UP THE JUDICIAL BRANCH ANY MORE.
As much as it pisses me off, Obama is going to make a deal.
Gomez
don't be so sure. i just got off the phone with an advisor to the campaign, and word is they are still trying to figure out what tack to take. so there's hope. in all seriousness, if you really want to make a difference, now is the time. let the campaign know how you feel. they need to hear from you.
"And there’s no quid pro quo here — nothing that gives taxpayers a stake in the upside, nothing that ensures that the money is used to stabilize the system rather than reward the undeserving."
It's a feature, not a bug.
=
We'll be fighting in the streets
With our children at our feet
And the morals that they worship will be gone
And the men who spurred us on
Sit in judgement of all wrong
They decide and the shotgun sings the song
I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around
Pick up my guitar and play
Just like yesterday
Then I'll get on my knees and pray
We don't get fooled again
if you really want to make a difference, now is the time. let the campaign know how you feel. they need to hear from you.
What, leave a post on their blog?
The idea behind this is fairly simple:
1. Issue lots of new government debt.
2. Then let the Federal Reserve purchase it gradually on the secondary market.
3. Sit back and hope that lenders will not make the same mistakes again.
4. Laugh at people who can't keep with consumer price inflation.
Jim Gerlach is a Republican bottom feeder, fuck him.
Guests at the door.
Have fun everyone.
Why am bothered by the phrase, "at any one time" tacked onto the end of the funds authorization?
Wouldn't it be more prudent to say, instead, "up to $700,000,000,000."
Period?
Oh, and why does Paulson get to pick a private firm to manage the accounts, without oversight or review, and that he gets to decide what's an appropriate fee for doing so?
What happens if he decides that Goldman Sachs would be the best firm to manage the funds?
No matter what happens, Dems will be blamed.
To reach the Campaign Headquarters by phone, please call: (866) 675-2008
This would be a great time to abolish the fed.
smalfish
Buy Gold! Pay your mortgage in pennies!
Vote for Ron Paul!
It hardly seems worth mentioning, given what else is going on...but you should consider writing a letter about this.
Phila, Duke of Earl | Homepage | 09.20.08 - 6:32 pm
-----------
Hardly a small matter Phila. It's outrageous. But likely to get lost in the fray today. Nonetheless, I'll contact my congresslizards and tell them to say no.
A dose of Krugman usually does help lower my blood pressure, but I find that I am still stuck on the no judicial review part. I wish he had addressed that.
Maybe Adam Liptak will, but somebody sure as hell needs to.
I'm off to lie down with a cold compress on my head.
For those who missed it earlier:
Gott mit uns now seems to have a new vibrancy.
Rubin is advising Obama.
That says it all.
We're on to them and they've got to be getting nervous.
Look for Palin to say something particularly egreiously stupid on television to distract us.
Isn't GS one of those in deep trouble?
No, they are doing quite well. Aren't you shocked?
Ralphie
I think GS and MS are the two left standing, but according to Roubini even they will have to partner with a federally insured depository institution because their business model is flawed... something to do with an imbalance between the type of funds they borrow and the way they lend. I can link, if you like, but can't explain. 
Ron Paul/Tucker Carlson '08
Stupid AND Crazy
re: smalfish
Expliquer qu’un état peut justifier des massacres.
let the campaign know how you feel. they need to hear from you.
My price is a change in the bankruptcy law.
What, leave a post on their blog?
smalfish |
actually, yes. and call, and say so to those working in the regional/area offices, and send an email, or a check with a note "if you want more, vote no on this bill" etc.
i don't understand, sometimes, why it's so hard for us on the left to learn what the right has known for a long time. squeaky wheel gets the grease. or did you think there really is a majority of crazy fundie young earth closet cases in this country? no, there's not. it's just that they know how to demonstrate their motivation and dedication to their causes, while we are...less able to do so, for some reason. don't underestimate the power of a single communication to any camp or officeholder. seriously.
Pick up de Sitar and play
Meet de new boss, same as old boss
Nortre Dumb, you can go home now. heh. i guess jesus doesn't love you today.
Scary Sarah's not so excellent adventure:
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.
The meeting comes as the campaign works to assure voters that Palin has sufficient understanding of foreign policy to be vice president. She's acknowledged having little experience in international affairs and got her first passport in 2007 to visit Alaska National Guard members serving in Kuwait and Germany.
Palin's meeting with Karzai was part of an effort by McCain's campaign to help her prepare for the interactions with international leaders she would have if she becomes vice president, campaign officials said.
Hari Sevugan, a spokesman for Democrat Barack Obama's campaign, said the GOP ticket would continue President Bush's foreign policy priorities.
"A few meetings at the U.N. won't change the fact that John McCain is promising four more years of the same cowboy diplomacy that has shredded our alliances and set back our ability to fight international terrorism," Sevugan said.
Democrats are drafting a joint House-Senate bill to expedite action on the Treasury Department’s $700 billion rescue plan for the financial markets but want the government to use its new leverage to slow foreclosures and cap compensation for the Wall Street chiefs whose companies are being bailed out.
There will be provisions as well in either the core bill or side deals asking the White House to accept new economic stimulus spending and bankruptcy court relief for homeowners, a legal issue long opposed by bankers yet now championed by leading Senate Democrats as well as Speaker Nancy Pelosi (D-Calif.).
But House Financial Services Committee Chairman Barney Frank (D-Mass.) said he was prepared to move quickly next week in tandem with Senate Banking Committee Chairman Chris Dodd (D-Conn.). And Frank said he has assured Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke that he will publicly support them if they decide that they must take further ad hoc steps before the final package is completed.
“I called Ben and said, 'Just because I’m giving you a new gun, doesn’t mean I don’t want you to use the one in your holster,'” Frank told Politico.
Oh, fuck me. I should have gone back to work, as I said I was going to.
Frank will clearly add more to the dozen sections penned by Paulson’s legislative office and delivered to Capitol Hill early Saturday morning. How far he and fellow Democrats can go and not drive off Republican conservatives will be a critical question in the week ahead.
The Massachusetts Democrat said there is a strong sense that the government should use its leverage to prod investors to be more willing to write down mortgages rather than pursue foreclosures. The massive housing bill approved by Congress this summer held out the promise that the Federal Housing Administration could help a homeowner find government-insured refinancing and such write-downs. But the relief will never be realized unless the financing industry is more willing to come forward and negotiate reductions.
P.S.: Fuck Chuck.
“This crisis is very, very serious,” Schumer said. “It not only affects Wall Street but all of America — people with credit cards, auto loans, the whole economy.”
Ron Paul/Grover Norquist '08
Dumb AND Dumberer
plantsman
To reach the Campaign Headquarters by phone, please call: (866) 675-2008
Done!
Told them "I was an undecided and please vote against the bail out and he can have my vote. I don't need sec paulson as my overlord."
So I guess we all write our Congress critters right now. And call them, too.
We know longer have a government in this country. The Executive Branch is committed to cleaning out the Treasury of the United States of America, nothing more. The courts have been stocked like a trout pond with ideologues who will back this up. And our legislative branch refuses to do anything to respond to this situation, or even to acknowledge the level of obvious malfeasance that is going on.
Jefferson once said he trembled for his country when he reflected that God is just.
Not me. I tremble for my country when I realize just how fundamentally misguided, shortsighted and dishonest are the human beings who have taken control of it.
I am for the first time in my life profoundly and fundamentally frightened. I was not frightened on 9/11. I am frightened now.
"Panic Congress into giving it a blank check"...now why does that sound FAMILIAR!! As folks who KNOW begin to weigh in it seems that those who understand this think the problem goes deeper and won't be fixed easily...look for that deep hole in the back yard!!!
. And call them, too.
In my experience, don't call anybody.
As much as it pisses me off, Obama is going to make a deal.
Gomez
A deal of some sort has to be made, doesn't it Gomez? (that's a real question, not a rhetorical one).
The question would seem to be who is going to bat to make sure the taxpayer dollars that are spent must be put to use in the "real" economy, that the taxpayer gets a share in any future profits those bailed-out may make, and that measures are taken to work out and reduce overall debt at the household level.
What do you think? This is related to what you do, innit? I'm just the wine dude.
As I wrote on another thread, read the relevant bits in Naomi Klein's Disaster Capitalism. The conservatives are going to try to use this to get more control over the government in the dark back alleyways.
Paulson is on four Sunday shows.
No out and out opponent is on any Sunday show.
Read the writing on the wall.
What the pukes want is a bailout without any strings attached.
Then they will continue on as if there will be another bailout
Panic Congress into giving it a blank check"...now why does that sound FAMILIAR!! As folks who KNOW begin to weigh in it seems that those who understand this think the problem goes deeper and won't be fixed easily...look for that deep hole in the back yard!!!
Dancer | 09.20.08 - 6:51 pm | #
Shock Doctrine
Rubin is advising Obama.
That says it all.
Gomez
he's not the only econ advisor in the camp, gomez. not by a long shot.
...hooo, i love it when ND gets all sloppy and desperate. suck on this, leprechauns!
Paulson should be forced to resign for even proposing this Shitpile 2.
The conservatives are going to try to use this to get more control over the government in the dark back alleyways.
You can sit by me.
And Bernanke, Shave de beard !
Yep the pukes scream about government handing out blank checks without any kind of accountablity.
That is unless that blank check is made out to them
You can sit by me.
My fangs are full of venom today, so I better look for a nice wingnut to sit by.
What do you think? This is related to what you do, innit? I'm just the wine dude.
1. Let them fix the mortgages in bankruptcy court.
2. Government guaranteed second mortgages which pay off the arrears on the first. Everyone eligible.
3. Moratoria.
Rachel on McCain's Bad Week at:
http://www.jedreport.com/
Interesting that you can comment on Krugman's blog, but apparently any comments INSTANTLY go down the memory hole, as there are no comments at all.
The pukes didn't get the Soc. Sec money. This is the result.
I agree a no vote is required. Why does anyone thinnk the proposal of the same group that got us into this mess will do anything but iincrease our deficit? Antoher way, whty do we drive down this path when these folks drove us in the ditch?
The bases are laded for Barrack Obama and he needs to step up and hit it out of the park by saying no and leading the Congressional defeat any further bailout.
Main Street is ready to swallow the bitter pill, tighten their belt and get on with rebuilding a better system clean of all the bullshit failure that led us here and let the market take its course.
Now if only Obama shows he has a pair and promimses to lead us through this without any further bailouts. The opportunity is right before him, if he only seizes the moment. Fear is failure.
tbhull
------------------------
To quote Albert Einstein, "The problems that exist in the world today cannot be solved by the level of thinking that created them."
I vant no pay credit kard, but I have to. Vat is difference?
Paulson should be forced to resign for even proposing this Shitpile 2.
Apprentice to Darth Holden | 09.20.08 - 6:53 pm | #
--------------------------------------------------
------------------------------
Oh yeah and you can be sure McRegulator will demand the resignation of the head of the FDA!
1. Let them fix the mortgages in bankruptcy court.
2. Government guaranteed second mortgages which pay off the arrears on the first. Everyone eligible.
3. Moratoria.
Gomez
wouldn't this really be a win-win? investors/banks get paid just as they would with a straight handout?
4. Government funded bankruptcy representation.
Read the writing on the wall.
Gomez
ok, well let's all just give up and say hello to our new treasury overlords. i love slavery, and i guess you're right and we shouldn't fight against it at all. i mean, making a phone call is so hard.
4. Government funded bankruptcy representation.
Could cost you your job.
All in favor of a bake sale say Chai!
Could cost you your job.
Ralphie
Nah. They could pay me. I'd fix the whole mess myself.
I've called and I've written and I've kicked new holes in my garage door. Feel a bit better.
Nah. They could pay me. I'd fix the whole mess myself.
Heh
ok, well let's all just give up and say hello to our new treasury overlords. i love slavery, and i guess you're right and we shouldn't fight against it at all. i mean, making a phone call is so hard.
chicago dyke, slothful
They called ME. I gave them a piece of my mind.
re: Gomez
Welcome to Eschaton.
Contribute or Be Ignored.
- - -
There are three ways to deal with mainstream media if one seeks truth and worthy social impact. Create alternatives that operate by entirely different norms. Push the mainstream by challenging its work on many levels and with diverse tactics. Enter the mainstream, and carve out room to do something worthy even against its logic and pressures.
Michael Albert, Z Magazine
I've called and I've written and I've kicked new holes in my garage door. Feel a bit better.
i've lapsed into heavy escapism
ducks, veggies, jammin
Layoff Brothers ! Get it ?
From FDR and his New Deal to George Bush and his Raw Deal - what the hell happened?
I've been doing bankruptcies for 25 years.
I have seen it all.
Nancy Pelosi, repeat after me:
"We are considering a motion to adjourn, seconded?"
"The motion has been seconded. All opposed? All in favor?"
"The motion carries. We are adjourned. Do not leave town. We await a realistic proposal from Secretary Paulson."
"Bam... Bam"
From FDR and his New Deal to George Bush and his Raw Fucking- what the hell happened?
Underwrote your typo.
The Democratic Party needs to hear from the voter that this is a politically bad deal for them!
I am seriously worried about inflation. They keep printing all these dollars and most of us are quite fucked.
From FDR and his New Deal to George Bush and his Raw Deal - what the hell happened?
Three murders.
i've lapsed into heavy escapism
ducks, veggies, jammin
You could train the ducks to bite disaster capitalists in the bottoms. Or for the duck pits.
escapism for a few hrs...
Tlaz sent me cds of the James Taylor Quartet. discoooootek for me.
Theme from starsky and hutch is on one, can't wait to hear that.
Nancy Pelosi, repeat after me:
Never in a billion years
I am having some aqua vit now snake woman. it may help.
I've been doing bankruptcies for 25 years.
Gomez |
Everyone grab a bucket and help bail out Gomez. We can't let him go down a 26th time!
I am seriously worried about inflation. They keep printing all these dollars and most of us are quite fucked.
Wheelbarrows.
Duncan Black asked this question today.
i answered it. He read it.
- - -
Bernanke, Paulson, the SEC, the FDIC should have had access to a set of facts independent of day to day market turmoil. What actually changed over the week? If it was new information, what was it? If it was newly discovered information, why didn't you know it before?
- - -
I'll answer it again.
Barack Obama is leading in the polls again.
I am seriously worried about inflation. They keep printing all these dollars and most of us are quite fucked.
trifecta
Actually it is better to owe during an inflationary spiral.
The debt and interest rate stays the same as your income increases.
I am seriously worried about inflation. They keep printing all these dollars and most of us are quite fucked.
Isn't inflation the end product, no matter what happens?
18 to 20,000 in Jacksonville today to hear Obama. Yay!
http://afp.google.com/article/
AL...FkaLFsyft1W1l6A
I like the duck-training idea.
What actually changed over the week? If it was new information, what was it?
Goldman Sachs called.
18 to 20,000 in Jacksonville today to hear Obama. Yay!
http://afp.google.com/article/ AL...FkaLFsyft1W1l6A
ac | Homepage | 09.20.08 - 7:03 pm | #
Lynyrd Bydyn !
I wanna know what Paulson said to Congress. They ask for $700 billion but we can't handle the truth about what could happen. Give us a try. Someone above said it's AUMF all over and it is. When they can't tell you what the consequences are it's like Rummy telling us we know where the WMDS are. They're north, south, east and westish. We've been lied to for so long. No way I'm taking anyone's word for anything. Sorry Dodd, Sorry Barney. Out with it.
I wanna know what Paulson said to Congress.
Seconded.
All in favor?
Okay, Now MSNBC is doing their Biden bio.
Paulson threatened to tank the market on Monday and blame it on the Dems.
Do we need to change threads again, or wasn't my point clear?
There are no Democrats I'm aware of...in my generation, who roughly are covered by this following general statement...everyone born after 1964...
...who has a problem voting for someone based on race in November.
Get people registered, especially younger voters. That's "message".
http://news.yahoo.com/page/elect...ulse-obama-
race
Paulson threatened to tank the market on Monday and blame it on the Dems.
Remind me again what this political system is called that the U.S. has. Corporate capitalism? National Socialism? I can't quite get the name.
Paulson threatened to tank the market on Monday and blame it on the LLIBERALS!
Fixed that typo for you. You own me a trillion.
Paulson threatened to tank the market on Monday and blame it on the Dems.
Or Bill Clinton, that always works.
From FDR and his New Deal to George Bush and his Raw Deal - what the hell happened?
The GOP taken over by neo-feudalists and Jeebofascists in 1980.
Paulson threatened to tank the market on Monday and blame it on the Dems.
Gomez
He will get what he wants; the market will tank as soon as this heroin fix is over and he will still blame the Dems...
Give me what I want and I'll go away.
Congress should send Paulson's head back to Bush on a platter, and ask for an alternate plan.
He will get what he wants; the market will tank as soon as this heroin fix is over and he will still blame the Dems...
George Johnston | Homepage | 09.20.08 - 7:07 pm | #
Yeah, but at least the rich boys will be off the hook
The GOP taken over by neo-feudalists and Jeebofascists in 1980.
Not initially taken over. The money boyz just tried to ride em like one would ride a tiger.
Enough.
I now have to watch my Lawrence Welk on tee vee, plus I hear there's a polka show coming on later.
Echidne, you put into words exactly what I keep thinking. Isn't this very close to Mussolini(sp) and his dealings with the financial sector .. or am I just losing my mind here?
well the chicken n dumplings are under way. I wonder how long my middle-class income will allow us to eat this well?
Congress will pass it. Even if every dem votes against it, the blue ball dems will fuck it up again.
Congress should send Paulson's head back to Bush on a platter, and ask for an alternate plan.
Apprentice to Darth Holden
(Stands up and cheers! Of course, I have been watching Rome repeats lately.)
Echidne, you put into words exactly what I keep thinking. Isn't this very close to Mussolini(sp) and his dealings with the financial sector .. or am I just losing my mind here?
It's certainly crony capitalism. The Village is not just for journalists but for all those who live in a different reality.
Whoever Brian is, I think he is intentionally trying to piss me off.
Listen closely.
Do you hear a Democrat saying absolutely no?
No.
They want quid pro quo.
They want quid pro quo.
Gomez
What will they settle for? Raising minimum wage 5 cents an hour?
Whoever Brian is, I think he is intentionally trying to piss me off.
That statement deserves two hees and a haw.
great idea
give those who put us in this mess billions of dollars without any kind of accountablity
They want quid pro quo.
Gomez
What will they settle for? Raising minimum wage 5 cents an hour?
Or a pee break every twelve hours.
Lessee. Junior doubles the national debt in eight years. Reagan/Bush quadruple it in twelve.
General economy in trouble. If Obama wins, does he get the same visit during the transition as did Clinton by Greenspin and Rubin in 1992, telling him that he has to put his grand plans on the shelf and adopt an austerity budget, that if he doesn't, the economy will tank further and the stock market will crash?
How about Quaid Pro Quo , with either Randy or Dennis ?
I called Obama's campaign and spoke with a volunteer. She suggested I put my comments in writing and submit them via the web, which I have done.
Not sure what difference it will make, but I suppose we can but try.
It's class warfare, kids, and the guys in charge just went nuclear in that war.
And most of the victims act like it was an act of nature rather than a deliberate attack.
That statement deserves two hees and a haw.
Ralphie | 09.20.08 - 7:11 pm | #
'splain please, you know I'm new here.
damn this is a good cd
thanks tlaz
$10 minimum wage. Take it or leave it.
So, this thing is a straight transfer of wealth from the taxpayer to the banks who made bad loans? Am I understanding that correctly?
Not sure what difference it will make, but I suppose we can but try.
TJ, just tryin' to get by | 09.20.08 - 7:12 pm | #
It is not unheard of to get a response from the campaign.
Isn't James Galbraith one of Obama's economic advisers? Wouldn't he be pounding the table about this?
.
So, this thing is a straight transfer of wealth from the taxpayer to the banks who made bad loans? Am I understanding that correctly?
Yup.
$10 minimum wage. Take it or leave it.
Or why not have a $10 wage for all? Let's negotiate this thing. On one side of the table are the American Peeple. On the other side? Who? And why does that who have all the power?
Not sure what difference it will make, but I suppose we can but try.
TJ, just tryin' to get by
It will be placed in your FBI file and kept as evidence that you are a trouble maker.
"On the other side? Who? And why does that who have all the power?"
They have the money
and a lot of the sheeple love them for it
Of course I could get some wine and just read...
...something worth my time like V.F. Odoevsky. At least if it's negatibe, it might as well be romantic.
Some of you people are clearly fools.
It's truly disheartening the Rosenberg Library in Galveston got wrecked. What a beautiful and historical building.
I can't think about that anymore.
Congress will pass it. Even if every dem votes against it, the blue ball dems will fuck it up again.
Yup. Those worms will pass it and it won't be close. They might as well turn out the lights and auction off the building. They are useless. And if I hear them called a representative body again I'll scream.
So, this thing is a straight transfer of wealth from the taxpayer to the banks who made bad loans? Am I understanding that correctly?
Mark B | 09.20.08 - 7:13 pm | # [kill][hide comment]
the only thing missing is the Saturday Night Special.
"They were careless people, Tom and Daisy — they smashed up things and creatures and then retreated back into their money or their vast carelessness or whatever it was that kept them together, and let other people clean up the mess they had made."
THE GREAT GATSBY, F. Scott Fitzgerald
Could someone post highlights of Krugman. I can't get blogs with flash elements.
Could someone post highlights of Krugman. I can't get blogs with flash elements.
Why not?
Whoever Brian is, I think he is intentionally trying to piss me off.
camelot, party unity finally | 09.20.08 - 7:10 pm | #
You are correct.
Could someone post highlights of Krugman. I can't get blogs with flash elements.
mj | 09.20.08 - 7:17 pm | # [kill][hide comment]
could be a firewall or missing plug-ins.
Obama's main economic advisors, back in Jan 08, at least.
http://louisproyect.wordpress.co...nomic-advisers/
Don't read it if you want to keep your illusions.
So we're going to fix a problem of lack of oversight and regulation by giving away 700 billion of taxpayer dollars (for a start), to the people who looted billions by not having oversight and regulation? My tinfoil hat says this is the big republican money grab while Asshat is still in office.
My tinfoil hat says this is the big republican money grab while Asshat is still in office.
Iowa Democrat
Conspiracy Theorist! Stop making sense!
I need to find a nice little planet to bioform.
My tinfoil hat says this is the big republican money grab while Asshat is still in office.
My beaver hat says the same thing. Why is that?
Why not?
Because I have windows2000 and it won't load the flashplayer. Evidently you have to go into regedit and enable permissions and I'm not capable of doing that. Microsoft won't answer questions on such an old software.
Do you think an American education degree would get me a job in Costa Rica?
Time to go.
Or a pee break every twelve hours.
A microwave in every break room.
Pauliacs can kiss my shiny metal ass.
What are you doing about anything?
I mean in the real world.
Because I have windows2000 and it won't load the flashplayer. Evidently you have to go into regedit and enable permissions and I'm not capable of doing that. Microsoft won't answer questions on such an old software.
Sorry, I wasn't trying to make fun of the situation. My apologies.
My tinfoil hat says this is the big republican money grab while Asshat is still in office.
Now you're just being cynical.
Krugman on his blog:
I hate to say this, but looking at the plan as leaked, I have to say no deal. Not unless Treasury explains, very clearly, why this is supposed to work, other than through having taxpayers pay premium prices for lousy assets.
As I posted earlier today, it seems all too likely that a “fair price” for mortgage-related assets will still leave much of the financial sector in trouble. And there’s nothing at all in the draft that says what happens next; although I do notice that there’s nothing in the plan requiring Treasury to pay a fair market price. So is the plan to pay premium prices to the most troubled institutions? Or is the hope that restoring liquidity will magically make the problem go away?
Here’s the thing: historically, financial system rescues have involved seizing the troubled institutions and guaranteeing their debts; only after that did the government try to repackage and sell their assets. The feds took over S&Ls first, protecting their depositors, then transferred their bad assets to the RTC. The Swedes took over troubled banks, again protecting their depositors, before transferring their assets to their equivalent institutions.
The Treasury plan, by contrast, looks like an attempt to restore confidence in the financial system — that is, convince creditors of troubled institutions that everything’s OK — simply by buying assets off these institutions. This will only work if the prices Treasury pays are much higher than current market prices; that, in turn, can only be true either if this is mainly a liquidity problem — which seems doubtful — or if Treasury is going to be paying a huge premium, in effect throwing taxpayers’ money at the financial world.
And there’s no quid pro quo here — nothing that gives taxpayers a stake in the upside, nothing that ensures that the money is used to stabilize the system rather than reward the undeserving.
I hope I’m wrong about this. But let me say it again: Treasury needs to explain why this is supposed to work — not try to panic Congress into giving it a blank check. Otherwise, no deal.
Okay, I think contacting my Congresslizards would help dissipate some of my venom. Can anybody help me out with the talking points. I've got the no deal part down, but what are our terms?
Is it just a flat out no, or are we saying it's no deal because the details are so murky and we need citizen input and an explanation why it will work and most importantly oversight on how the money is spent.
My tinfoil hat says this is the big republican money grab while Asshat is still in office.
Iowa Democrat
It's a consolation prize for all that Social Security money they didn't get.
What are you doing about anything?
I mean in the real world.
Danny Guam | 09.20.08 - 7:23 pm | #
They're moving to Paulville, where every man is an island!
did you get the right install version from Adobe? It should just fit right in.
mj, try going to the Adobe website and downloading the flashplayer from there. Don't know if that will work. Been a long time since I used Windows 2000.
Here are my proposals:
First, create proper regulations for the financial markets. The free-marketeers have been telling us for decades that regulations are evil, that they suffocate the adventurous and creative spirit of the markets and that they shouldn't be enforced. And the government listened and stored these words in its heart (if it has one) and Phil Gramm made sure that the regulations no longer stifled anyone. Then of course a market which deals in fortune-telling and guesses and imperfect information and leveraging and pure adrenalin went crazy. Imagine, for a moment, what a baseball game would look like if the umpires were not allowed to say anything at all, and imagine then how the game would change ( would there be hired killers to shoot the pitchers of the other team?) and you can see why the stock market needs regulations (rules) and regulators (u umpires). Of course, the stock markets matter much more than baseball games, but you get the point.
Second, stop ignoring the anti-trust regulations. Stop letting one fish eat up all the other fish, stop that enormous bubble-fish taking over the whole market. There are several reasons for enforcing the anti-trust rules which we still have in the books. They range from the nastiness of having just one firm to buy from and the power this gives to that one firm to charge a lot to the present crisis where some firms are so large that we have to bail them out even when they don't deserve such a bailout at all. There are many different economic models, true, but none of them advocate monopolies or oligopolies in all the crucial industries, yet that's the way the Republicans have steered the markets.
Third, make sure that the bailing out doesn't reward those who are major culprits in causing the crisis. Make sure that the authors of the crisis get full credit for it (Phil Gramm, I'm looking at you), that all those conservative thinkers who created it get forever remembered for creating it.
It will not be possible to fix the crisis in a fair way, a way which would not punish the innocent or reward the guilty, and neither will it be possible to fix it without a lot of pain. But at least we can use the opportunity to make sure that future crises will take longer than a few decades to appear and we can make sure that those who advocated the relaxing of all the protective rules and regulations get that reputation eternally attached to their names.
So our government can dump seven hundred billion dollars to bail out the greedy bastards on Wallstreet BUT they can't do the same to bail out the Social Security fund or our broken healthcare system. Um who do these elected officials work for again?
My tinfoil hat says this is the big republican money grab while Asshat is still in office.
See, now this is the kind of attitude we can't afford right now. We need bipartisanship. Can't you libs just take the tinfoil off for once? My bank accou.Whoops, my office has better details, call them.
Pauliacs can kiss my shiny metal ass.
What are you doing about anything?
I mean in the real world.
Danny Guam
Hoarding gold, guns and girls!
It's a consolation prize for all that Social Security money they didn't get.
Upsidasium
Ron Pauliac | 09.20.08 - 7:27 pm
Is that supposed to humor?
They range from the nastiness of having just one firm to buy from and the power this gives to that one firm to charge a lot to the present crisis where some firms are so large that we have to bail them out even when they don't deserve such a bailout at all.
In short, we shouldn't allow any firm to become "too big to fail".
Libby, I'm thinking it's a flat out NO, but I'm not an economist so what the hell do I know.
It's a consolation prize for all that Social Security money they didn't get.
Ding, ding, ding!!!
My tinfoil hat says this is the big republican money grab while Asshat is still in office.
Iowa Democrat | 09.20.08 - 7:20 pm | ```````````````````````````````
Ding*Ding*Ding we have a winner!!!!
My tinfoil hat also tells me the $10 billion dollars missing from Iraq was a big republican money grab to fund republicans running for re-election.
Imagine, for a moment, what a baseball game would look like if the umpires were not allowed to say anything at all, and imagine then how the game would change ( would there be hired killers to shoot the pitchers of the other team?) and you can see why the stock market needs regulations (rules) and regulators (u umpires).
The problem with your analogy is that it doesn't take into account the efficacy of prayer.
Government financed ice cream.
See, now this is the kind of attitude we can't afford right now. We need bipartisanship.
I agree. We need to be stampeded into doing something really really dumbass.
Perhaps if it was presented to the public that if the bailout goes through as proposed, it will be necessary to cut Social Security and Medicare benefits to pay for it.
Thanks E. I can work with that.
What are the bets that the democrats hold their feet to the fire and refuse to pass this "no questions asked" $700 BILLION dollar give away?
I don't think the odds are very good.
Has Obama seen this and has he said anything about the "don't question us" proposal?
Libby, I'm thinking it's a flat out NO, but I'm not an economist so what the hell do I know
What do economists know? Other than our host and krugman, they seem pretty clueless.
Government financed ice cream.
With a certain cheesy flavor.
The problem with your analogy is that it doesn't take into account the efficacy of prayer.
Phila, Duke of Earl
Dave Concepcion would bless himself before every at bat.
How is it that there are no comments associated with any of Krugman's blog entries?
Louis Proyect, The Unrepentant Marxist, closed his 1/2008 post on Obama's econ advisors, mostly Chicago Boys, with this:
Of course, they will eventually be disappointed in a Clinton presidency because her economic program and his are virtually identical. In considering the “differences” between the two, I am reminded of what Fred Halstead used to say when he was running for president on the Socialist Workers Party ticket exactly 40 years ago: “Whoever wins the election, the American people will end up the losers.”
http://louisproyect.wordpress.co...nomic-advisers/
I never believed any of this change bullshit anyway. I just wanted someone sane and not comp;etely blind to grab the wheel and jam on the brakes. If real change is a-comin', it's comin' long after I'm dead and gone.
Maybe for starters we should shut down the federal reserve???
Perhaps if it was presented to the public that if the bailout goes through as proposed, it will be necessary to cut Social Security and Medicare benefits to pay for it.
Gimlet | 09.20.08 - 7:31 pm | # [kill][hide comment]
the problem is that a lot of retirees such as my mother use their small investment income to make ends meet. What will we tell them?
How is it that there are no comments associated with any of Krugman's blog entries?
Jay Schiavone | 09.20.08 - 7:32 pm
Cause the comments are screened and the screeners take the weekend off.
I'm not kidding.
Maybe for starters we should shut down the federal reserve???
Uncle Fester Lurks
Meet you in Paulsville!
What are the bets that the democrats hold their feet to the fire and refuse to pass this "no questions asked" $700 BILLION dollar give away?
I don't think the odds are very good.
The Dems are likely to be petrified by the fear of being called saboteurs of the Big Bailout and of being blamed for any market downturns between now and November.
What are the bets that the democrats hold their feet to the fire and refuse to pass this "no questions asked" $700 BILLION dollar give away?
We must keep our powder dry. -- Harry Reid.
We need to pass bills efficiently. -- Nancy Pelosi
My tinfoil hat says this is the big republican money grab while Asshat is still in office.
I don't know if I'd call it a money grab so much as a tar pit for the Obama administration.
Dave Concepcion would bless himself before every at bat.
Gomez | 09.20.08 - 7:31 pm | #
I heard Gaylord Perry used Holy Water for his spitballs.
What will we tell them?
Tell them the Islamofascists are coming. Usually works.
TJ, that's my gut instinct, but I don't think it's practical to expect it won't happen. Best we can do is get some decent terms out it, I think.
I'm inclined to say no bail out of Wall St before the homeowners get bailed. In fact, I think the 449 billionaires in the US should bail out the brokers themselves. Not holding my breath on that one either.
How is it that there are no comments associated with any of Krugman's blog entries?
Jay Schiavone | 09.20.08 - 7:32 pm
P.S. The NY Times is not Eschaton.
So the American people don't get to hear Paulson make his case. Just like we couldn't see photographs of torture victims at Abu Ghraib prison, flag-drapped coffins being taken off planes from Iraq, and so on and so on and so on. enough!!
I'm with Krugman - No Deal.
Don't read it if you want to keep your illusions.
Please - people making a hero out of a nutjob shouldn't talk about "illusions."
Seems like pure Bush/Cheneyism.
FU. We are takin over. No, you don't get to ask any questions. STFU.
End of story.
Maybe for starters we should shut down the federal reserve???
WHAT!?!?!?
Nonononononono!
No no no!
That would be a bad idea.
No.
So the American people don't get to hear Paulson make his case.
So at the very least the Dems on the Hill ought to give Paulson a good grilling even if they do pass the thing in the end.
So the American people don't get to hear Paulson make his case.
So at the very least the Dems on the Hill ought to give Paulson a good grilling even if they do pass the thing in the end.
I am back from my cocktails.
*swirly eyes*
Speaking of Deal/ No Deal can we at least watch Paulson give away our billions to spoiled, rich Republicans in some sort of game show format?
So the American people don't get to hear Paulson make his case. Just like we couldn't see photographs of torture victims at Abu Ghraib prison, flag-drapped coffins being taken off planes from Iraq, and so on and so on and so on. enough!!
I'm with Krugman - No Deal.
portia
-------------------------
Just like we couldn't know who Cheney was talking to for his energy policy.
My husband was just giving a run down of all of the crises that have come about because of deregulation. We had the deregulation of the savings and loans, and we had that crisis, there was the deregulation of the energy industry and we had Enron, we had the deregulation of the telecommunications industry and we got Worldcom, now we have the deregulation of the banking, mortgage and insurance industry and we have the biggest financial crisis ever.
I'm beginning to think that deregulation is not such a great idea.
Speaking of Deal/ No Deal can we at least watch Paulson give away our billions to spoiled, rich Republicans in some sort of game show format?
George Johnston | Homepage | 09.20.08 - 7:37 pm | #
You have an odd sense of humor, OTOH this is one of those 'laugh so you don't cry' situations.
Speaking of Deal/ No Deal can we at least watch Paulson give away our billions to spoiled, rich Republicans in some sort of game show format?
I am no celebrity.
would there be hired killers to shoot the pitchers of the other team?
would they wear lipstick and look vaguely like hockey moms?
Uncle Fester Lurks : Um who do these elected officials work for again?
The guys stealing the money.
~
Deregulating the aeroplanes worked out well.
How is Bush's plan to put our Social Security funds into the stock market, now look to people today?
The most amazing part of the plan is how the amount is a precise multiple of a hundred billion.
What are the odds!
Deregulating the aeroplanes worked out well.
Now we have time to take a fast train.
What are the odds!
passerby | 09.20.08 - 7:42 pm | # [kill][hide comment]
700 to 1?
Really now, everyone knows $700 billion isn't enough. Let's make it $3 trillion.
What are the odds!
passerby
Maybe CNN can go to Bill Bennett for expert insight.
With this biggest bailout ever the democrats AND republicans who want to try to keep their seats ought to insist on nothing less than full transparency.
HA HA HA HA HA HA ohhhhhh I crack myself up.
Really now, everyone knows $700 billion isn't enough. Let's make it $3 trillion.
OKAY!
"Now we have time to take a fast train."
no - I need a ticket for an airplane
I ain't got time to take no fast train
I ain't got time to take no fast train
Uncle Blodge, Urban Teacher
Are you trying to derail this thread?
I ain't got time to take no fast train
Uncle Blodge, Urban Teacher
your baby write you a letter?
I read the url about Obamas economic advisers. Pretty much enforces what I knew. We have two like factions operating under one economic powerhouse [Grande de la pila mierda]
I ain't got time to take no fast train
I resent that.
http://www.openleft.com/showDiar...83?
diaryId=8365
This doesn't make me feel secure.
"your baby write you a letter?"
nah. it was a text message
Been fun. Goodnight.
I read the url about Obamas economic advisers. Pretty much enforces what I knew. We have two like factions operating under one economic powerhouse [Grande de la pila mierda]
BedBug
So we can be fucked by a Republican, or fucked by a Democrat?
I feel so much better.
We don't need pitchforks and torches, we simply need to stay home a couple days, not buying one goddamn thing.
noblejoanie
noblejoanie, you're, well, too noble.
I'm thinking France, 1789. But without the mercy.
Maybe CNN can go to Bill Bennett for expert insight.
George Johnston | Homepage | 09.20.08 - 7:44 pm | #
This has all been said, debated here if not elsewhere. You want heads. State a number: one, ten, one-hundred. One-thousand would be difficult to do. Personally, I'd say fifty.
My sister, who has never voted Democratic in her life, had a bright yellow shirt on today that read:
NATCA
NATIONAL AIR TRAFFIC CONTROLLERS FOR OBAMA/BIDEN
WE NEED CHANGE.
The air traffic controllers are counting on us to save their jobs, so that they can save your lives when you're in flight.
"I'm thinking France, 1789. But without the mercy."
I might think that if it didn't all seem so goddam hopeless
I ain't got time to take no fast train -Uncle Blodge, Urban Teacher
your baby write you a letter? -therealhellkitty
Children by the millions sing for Uncle Blodge when he comes 'round.
We don't need pitchforks and torches, we simply need to stay home a couple days, not buying one goddamn thing.
noblejoanie
Yeah, well, that's like saying all we need is to fly to the moon on gossamer wings, and just about as likely to happen.
It always amazes me that so many know the old songs (The Letter, the Box Tops.)
I mean, that was on the top ten in 1967, for cryin' out loud!
Steve Simels, ProfWombat, Gromit and I are apparently not the only antiques on this blog!
http://www.openleft.com/showDiar...83? diaryId=8365
This doesn't make me feel secure.
camelot, party unity finally
------------------------
I don't know, Warren Buffet alone is makes me feel better.
If memory serves, those revolting French peasants in 1789 destroyed records of what they owed their noble overlords. Broke into all those nice chateaux, seized the records and flambeed everything.
Sale fotue heepies.
I took a peek at the freepers a couple of hours ago.
They were slow to pick up on the no oversight aspect of the bail out proposal and it didn't seem to go over too well with most of them and they still blame the liberal media/politicians/lawyers/people etc...
This is really about bailing out the same people that caused the last depression and have been dismantling the New Deal ever since.
We should be joining together on this one but the power structure/the rich have us too goddamn well divided over redneck vs. dirty hippy bulshit form any kind of effective opposition.
You of course, can do stuff about it. Make an effort, that's not what I am saying. I'm saying I don't like it is all.
Good evening.
I am currently quaffing the best beer I've ever tasted: Rush River Bubblejack IPA.
More hoppy than that vaunted "Hop Monster" or some-such beer I tried in Philly.
So AFAICT, between the war and the bailout, the Republicans have now spent the entire Federal budget for their own administration as well as the entire federal budget for a two-term Obama one, right? Noice!
I think there will be a reverse Bradley effect. Say five to ten percent will not be able to bring themselves to voting McCain despite their avowed intentions.
forgot to change my temp-nym from Adams, Jefferso and Madison to me:
Steve Simels, ProfWombat, Gromit and I are apparently not the only antiques on this blog!
Count me in. I was born when Harry Truman was President--same year teh Phillies won the pennant behind the ace pitching of Jim Konstanty!
RIP, James Crumley.
http://www.nytimes.com/2008/09/2...crumley.html?
em
well, damn.
I remember when the entire annual federal budget was less than $700 billion.
Really now, everyone knows $700 billion isn't enough. Let's make it $3 trillion.
Id say much more. There is estimated to be some 500 trillion in CDS [Credit Default Swaps]
AIG is more deeply involved than Lehman was in the fast-growing market for a kind of derivative called a credit default swap.
Good evening.
I am currently quaffing the best beer I've ever tasted: Rush River Bubblejack IPA.
More hoppy than that vaunted "Hop Monster" or some-such beer I tried in Philly.
Zap Rowsdower
Don't know it, Zap. If you're near Michigan, try Bell's Two Hearted Ale; other terrific brews are Dogfish Head 90 Minute Ale (very strong; be careful!) and from the brewpub The Brewer's Art in Mt Vernon, Baltimore, Resurrection Ale.
The Treasury plan, by contrast, looks like an attempt to restore confidence in the financial system — that is, convince creditors of troubled institutions that everything’s OK — simply by buying assets off these institutions. This will only work if the prices Treasury pays are much higher than current market prices;
Sounds like the difference between a crash and a slide. Either way, it's our heads they're going to land on...
I mean, that was on the top ten in 1967, for cryin' out loud!
IIRC, it was #1 for several weeks (if not more)...pushed the Beatles out of the spot. It's been on the radio ever since.
Plus, Alex Chilton went on to do a bunch of stuff in the seventies and eighties.
Zap,
I sent you a depressing picture via e-mail--didja get it?
No biggy, David. I was in the military when the Box Tops came out with that song. There are more of us here than you think.
they still blame the liberal media/politicians/lawyers/people etc...
A lot of them would still like to blame the Jews but over the past 60 years they've come to realize there's a PR problem there.
If memory serves, those revolting French peasants in 1789 destroyed records of what they owed their noble overlords. Broke into all those nice chateaux, seized the records and flambeed everything.
Sale fotue heepies.
Sufferin' Succotash
I think we'd need serious hackers to accomplish the same thing.
Rush River Bubblejack IPA.
I could not bring myself to drink anything with a name like that.
It just seems wrong on a bunch of levels.
Talking about a revolution. Personally, you ain't up to it.
Suff Succotash, I also was born in the Truman administration, April, 1952.
If Obama doesn't come out against this, I'm going to be mightly disappointed.
Sounds like the difference between a crash and a slide. Either way, it's our heads they're going to land on...
Well, ya gotta break a few eggs to make an omelet. There's tons of poor people - it's not like you lose a few and you can't make more.
/Republican "populist"
Plus, Alex Chilton went on to do a bunch of stuff in the seventies and eighties.
Phila, Duke of Earl
~~~~~~~~~
Big Star.
http://www.youtube.com/watch?v=B...h?
v=BNKSs1J38EA
A lot of them would still like to blame the Jews but over the past 60 years they've come to realize there's a PR problem there.
What did the Puerto Ricans do now?
Derbes,
I love Bell's Two Hearted. Great, great stuff.
This bubblejack is out of River Falls, WI. Not sure if they get down to your parts...mostly western WI and eastern MN.
Train sheets!
I like those hoppy beers too. Propeller, a local microbrewery, makes a wonderful bitter.
Suff Succotash, I also was born in the Truman administration, April, 1952.
Goddam kid. Get the hell of my lawn!
the only thing missing is the Saturday Night Special.
therealhellkitty
Some rob you with a gun, some with a fountain pen.
"I could not bring myself to drink anything with a name like that."
ah. You'd rather have a griesedieck then.
Meh. IPA is basically 2X beer concentrate.
Gallup Daily:
Obama 50%, McCain 44%
The general election results are based on combined data from Sept. 17-19, 2008. For results based on this sample of 2,756 registered voters, the maximum margin of sampling error is ±2 percentage points.
Don't like hoppy.
Zap Rowsdower: I am currently quaffing the best beer I've ever tasted: Rush River Bubblejack IPA.
More hoppy than that vaunted "Hop Monster" or some-such beer I tried in Philly.
I love hoppy beer. But there is a limit. SNPA, Sweetwater 420 and Blackstone Red Springs Ale achieve the optimum levels of finishing hops. Oh, and Goose Island Honker's Ale.
.
Goddam kid. Get the hell of my lawn!
Sufferin' Succotash
OK, Old Timer, when were you born?
no - I need a ticket for an airplane
I ain't got time to take no fast train
I don't care how much money I gotta spend,
Got to get back to my baby again
I sent you a depressing picture via e-mail--didja get it?
Just saw it now. Ugh.
I had hoped and worked for a thousand years, then a hundred. Now I'm hoping for three years, if that.
Goose Island Honker's Ale, Chicago, is terrific.
Incidentally, the Cubs clinched the division. And I, a White Sox fan, am very happy for them.
Hope the Sox do as well, but it don't look all that promising...
If Obama doesn't come out against this, I'm going to be mightly disappointed.
IMO the smartest thing he could do would be to draw a line between himself and the deservedly hated Congressional Dems by strongly denouncing this as a lame duck giveaway of all the rest of the money to the neoncons and their pals and nothing less than an attempt to destroy the democracy.
He should tell the Dems in no uncertain terms that they are on notice not to do jackshit till January or he's going to kick their motherfucking asses personally.
After saying which, he'll have to deal with the monkeys that will inexplicably be flying out of his butt.
ah. You'd rather have a griesedieck then.
I believe the correct response is:
No flirting!
camelot, those key points over at FDL make me physically ill.
this thing is gonna pass.
it just keeps getting worse.
David Derbes: Goose Island Honker's Ale, Chicago, is terrific.
Can't get it here in Nashville. I used to get a case or two when I visited my friends in Columbus, OH, but I haven't done that in forever.
.
"I believe the correct response is:
No flirting!"
There really is a beer called griesedieck
Totally trippy, it's like Gorlock really is you're financial advisor.
Uncle Blodge,
I know. I was kidding.
My dad is from Missouri. He told me about how they always referred to it as "greasy dick".
What we are witnessing may be the greatest destruction of financial wealth that the world has ever seen
-- paper losses measured in the trillions of dollars. Corporate wealth. Oil wealth. Real estate wealth.
Bank wealth. Private-equity wealth. Hedge fund wealth. Pension wealth. It's a painful reminder that,
when you strip away all the complexity and trappings from the magnificent new global infrastructure,
finance is still a confidence game -- and once the confidence goes, there's no telling when the selling will stop.
I'm reminded of all those idiots who "wanted to have a beer with Bush."
THIS is what happened when you elect a moron Republican instead of a smart Democrat.
Bill Gross (of Pimco) says, the government will be buying mortgages on the secondary market at about 65 cent on the dollar. He believes the government can then either hold them to maturity or sell them at a profit once the markets settle and
then reflate. While I don't like the way the deal was forced upon us by the current admins ineptitude-to put it nicely-it may be the best way out of this crisis. I notice the deal was finally necessary when henry's old company's stock came under pressure.
Plus the no review clause is arrrrrrrgh! Off to drink
"He told me about how they always referred to it as "greasy dick"."
had a g/f from st louis
she said that was the way it was pronounced as she knew some of the family
Ya know, the Dems get to write the bail-out bill any way they want. Full disclosure, independent auditor with complete access, full oversight, anything they want. Then give to bush and make him veto it at the risk of global financial meltdown. Fuck 'em. Dems have the upper hand, if they have the balls.
Memo to Democrats: Stop being “bipartisan” wankers!
To Charles Schumer (D-NY): Stop referring to American citizens as "ordinary Americans" -- it's an insult!
Does Schumer mean "ordinary Americans" as opposed to those very "special Americans" on Wall Street who until quite recently were known as the "Masters of the Universe" -- titans and gladiator capitalists who were magnets for the "smart money"...as opposed to the dumb money that was supposed to "trickle down" to the rest of us?
To Barack Obama (D-IL): Stop referring to American citizens as "folks" -- you sound just like Bush! -- e.g. Obama's latest declaration from Daytona Beach:
We have to make sure it helps folks cope with rising prices, and sparks job creation, and helps homeowners stay in their homes. That’s the kind of help folks need right now.”
We are not "folks" -- and stop using that patronizing false dichotomy betseen "Wall Street" and "Main Street" -- it's nauseating and cloying and patronizing, to say the least. Would that be "Main Street" or "Skid Row"...for that last slide into the final frontier of oblivion?
To "Key Democratic lawmakers" in the House and Senate: Your 11th-hour bleating about the need to "move aggressively to help hundreds of thousands of troubled borrowers at risk of foreclosure" -- it's much too little and way too late. Where were you when those "hundreds of thousands of troubled borrowers" who are already victims of foreclosure really needed you? On vacation or on the take?
To Speaker Nancy Pelosi and House Majority Leader Steny H. Hoyer: Your aides said today that you were "reviewing the proposal" -- as if you weren't going to bend over and raise your big rubber stamps! -- a big-fat double "Fuck you!" to you both.
PS -- I called Barney Frank and Chris Dodd and Charles Schumer and Nancy Pelosi and Steny Hoyer today -- along with own House member and two Senators... but they weren't taking my calls. I plan to call them again on Monday.
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If we had just cut taxes on the people who are making millions per year a little more, none of this would have happened.
They would have created more jobs and wealth with their tax cuts than we would know what to do with.
Housing prices never would have dropped and all the money saved by the government could have gone to more support for the brave troops keeping us safe from the Islamofascist menace.
I blame liberals for all of this.
Sarah Palin is the only candidate ready to reform the liberal good old boy network of cronyism and blame America first surrender monkeys.
The democrat commies have spent other peoples money on transferring the wealth from hard working Americans to lazy liberal tax and spend creeping socialist gay loving abortionist illegal immigrants.
This is why GW Bush was right and we need Palin/McCain 08 to put Country First!
Cole DBiers | 09.20.08 - 9:07 pm | #
Actually, the McCain/Palin motto is the following:
Country Club First!
And the official record reflects that Sarah Palin routinely sucked old-boy network dick in Alaska -- you need to expand your reading list to include more fact-based news venues.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
barracuda was that flagrante delecto?
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