US 3 hrs away from economic and political collapse in Sept. 2008
Posted By: sm on 2009-02-11
In Reply to:
http://www.dailykos.com/storyonly/2009/2/9/234340/6189/142/695504
Complete Discussion Below:  marks the location of current message within thread
The messages you are viewing
are archived/old.
To view latest messages and participate in discussions, select
the boards given in left menu
Other related messages found in our database
And we don't have time to spare for total economic collapse....nm
x
Poll: In current economic, social and economic
The IDEA of:
- Full employment.
- Shorter work week.
- Guaranteed minimum wage income for all adults.
- Universal social benefits to include health care, child care, vacation time and lifelong access to education and training.
- Programs to ensure gender equality.
- Democratization of our banking and financial system, including popular election for those in charge of public sterwardship in the banking system.
- Employees control over their own pension assets.
- Alternative financial institutions controlled by local community members (similar to credit unions).
How many did you lose on Sept 11?
Probably none. I did. I still can hardly believe that they country I live in, have ALWAYS felt safe in and never, EVER thought anything like that would happen in...did. Don't you get it? It did. I for one do not ever, EVER want it to happen again. I'd give every dime I have and every dime I'll ever make to have those back that I lost.
collapse of levees known for years
I love New Orleans, been there twice..about six months ago I started reading articles on the effects of hurricanes, etc., on New Orleans. A few of the articles warned that New Orleans would have major flooding if there was a big hurricane and the levees could not hold the water. This has been known for a long time..but, once again, Bush twisted the truth, shaping it to meet his agenda and save his butt.
Fear is that they will still collapse even after the bail out.
Hedge funds are about to fold. Derivatives which I do not understand are a whole other ballgame - They are what made the hedge fund managers millionaires - it is like betting on stocks (as one would with football) and is somehow linked to the stock market.
This site explains it well:
http://georgewashington2.blogspot.com/2008/06/derivatives-market-is-unwinding.html
Our 'economy' SHOULD collapse - it was based
even richer at our expense. Everything about the last 8 years was a lie and a travesty. They finally pushed the middle class to the brink of extinction. Now that the middle class finally couldn't support the Rich anymore, they voted someone into office who's calling them out. Sure they're mad as he11. I think this is only the beginning. Will it hurt everyone? Including those of us that voted for a democratic president. You bet. This near-depression has gone on for so long that it likely will continue for years, not just months. You can blame the dems all you want, but next time you cant pay your rent or your heating bill, just remember that the ones who are keeping you down are all those in the Rich Boys' Club (including your current employers) because for all these years our government was giving them a free ride to do whatever they wanted. Our top-heavy, 'trickle-down', step-on-the-little-guy economy was way overdue for a major correction. It DESERVES to fail.
This is how you collapse a "free" society and it becomes
))
war, depression, recession, collapse of financial system, people losing
homes, natural disasters unattended to, collapsing bridges, earmark bridges. Address those first, save flag for later.
No, actually that was in 2008
1
Woodstock 2008...LOL (sm)
I wanted to go to that, but we couldn't afford it because of hotel price gouging. So, instead we are going to have a big party here. Is it Jan 20 yet?    
Election 2008
This is a great post. The facts speak for themselves. These are the facts. Sarah Palin is out for herself and her family. Does anyone really think she cares about the country when she is busy charging the state for her trips to ritzy hotels with her children. How many of us can do that? Some of these were $200.00 per night hotels. There are kids in this country going to bed hungry. Here the majority of us are cutting coupons to make ends meet. John McCain owns over 7 expensive homes. Cindy McCain wore a $300,000 dollar outfit to the convention. Do you really think the McCain/Palin ticket has empathy for struggling American families?
How much you want to bet these same problems will exist in 2008? nm
remembered of the 2008 dem conv
...you know, the one in the football stadium with the big white columns, fireworks and confetti. Already, everybody is so busy dissing Gov. Palin, the acceptance speech from Thursday night has been forgotten. Just goes to show how important the celebrity theatrics are to Mr. Obama.
I posted this on this board on 11/05/2008. SM
I won't flame you! I totally agree. Obama as president only weakens -
this country and makes us ripe for the end. He does not support Israel. Keep your eyes on Israel. I look for them to bomb Iran before Bush's term is up because they know Obama will not suport them. (2008-11-05)
So they didn't attack Iran, they invaded the Gaza Strip, but they made their move before Mr. Bush's term was up. I also posted Biden's own words regarding Obama - "Mark my words, it will not be six months for the world tests Barak Obama...."
Looks like Obama's test has begun. I hope he's ready, but I know he is not. He doesn't support Israel and that will be a huge mistake!
This is the year 2008 - times have changed
So you think that because you work at home that's the way it should be for everyone. Sorry but this is the year 2008. I for one am glad that woman are out working in society/public. I'm glad that a mother can also be a govenor or senator or anything they want to be. My working at home is my choice. Thank goodness we as woman have that choice. And thanks to people like Sarah Palin it can only get better for us.
2.6 million jobs lost in 2008 alone.
There are plenty of able-bodied folks out there who are out of work ALSO through no fault of their own, in view of this ever shrinking job market. Handicapped have to overcome THAT obstacle, too.
and in 2006, he stated he would not run for president in 2008 (nm)
.
Picture of Sarah Palin in March 2008 sm
http://www.adn.com/news/alaska/v-gallery/story/345168.html?/news/alas...
Sure looks great for 8 months along!
factcheck.org/elections-2008/born_in_the_usa.html
factcheck.org/elections-2008/born_in_the_usa.html:
FactCheck.org staffers have now seen, touched, examined and photographed the original birth certificate. We conclude that it meets all of the requirements from the State Department for proving U.S. citizenship. Claims that the document lacks a raised seal or a signature are false. We have posted high-resolution photographs of the document as "supporting documents" to this article. Our conclusion: Obama was born in the U.S.A. just as he has always said.
Yes, it is from 2007 and says the same as those from 2008 - where is a link showing bankrupt?
I cannot find anything like that.
You're overlooking a race more important than 2008 election.
It's called the human race. Why don't you come on in from right field long enough to renew your membership? Sheesh.
Media Research Center's Best Notable Quotables of 2008...
http://www.mediaresearch.org/press/2008/press20081222.asp
ALEXANDRIA, VA. --- The Media Research Center today announced its Best Notable Quotables of 2008: The 21st Annual Awards for the Year’s Worst Reporting, and MSNBC’s Chris Matthews “won” the dubious honor of Quote of the Year for gushing over a Barack Obama speech back in February: “I felt this thrill going up my leg. I mean, I don’t have that too often….And that is an objective assessment.”
Top runner-up for Quote of the Year went to Reuters for this ridiculous post-election headline: “Media bias largely unseen in U.S. presidential race.”
MRC President Brent Bozell: “Year after year, the liberal media outdo themselves in providing conservatives the sheer joy of laughing at their own words. The year of the Obama Paparazzi was no different, as they salivated over their savior and did everything in their power to crush conservatives. And we wonder why Americans don’t trust the media.”
This year’s winners were selected by a panel of 44 judges, consisting of radio talk show hosts, magazine editors, columnists, editorial writers, and media observers. Judges this year include columnist Cal Thomas, radio host Neal Boortz, economist Walter Williams, American Spectator Editor R. Emmett Tyrrell, Jr., and former National Review publisher William A. Rusher. To read all the award-winning quotes, along with audio and video clips of the broadcast quotes, please visit www.MRC.org.
HIGHLIGHTS FROM THE MRC’s 2008 AWARDS:
The Obamagasm Award
"Some princes are born in palaces. Some are born in mangers. But a few are born in the imagination, out of scraps of history and hope." — Time’s Nancy Gibbs in the November 17 cover story.
Half-Baked Alaska Award for Pummeling Palin
"The fact of the matter is, the comparison between her [Sarah Palin] and Hillary Clinton is the comparison between an igloo and the Empire State Building!" — MSNBC’s Chris Matthews on Hardball, October 14.
The Irrelevant Reverend Wright Award
"To see his [Jeremiah Wright’s] career completely destroyed by three 20-second soundbites, all of the work he has done, his entire legacy gone down the drain, has been absolutely devastating to me — to him, sorry....We are still a racist country." — Washington Post writer Sally Quinn on PBS’s Charlie Rose, April 30.
From Camelot to Obamalot Award
"Today, the audacity of hope had its rendezvous with destiny....Obama is now an adopted son of Camelot. His candidacy blessed not just by the Lion of the Senate, patriarch of the clan, but by JFK’s daughter." — David Wright on ABC’s Nightline January 28.
The Crush Rush Award for Loathing Limbaugh
Author/humorist P.J. O’Rourke: "It’s the twilight of the radio loud-mouth, you know? I knew it from the moment the fat guy [Rush Limbaugh] refused to share his drugs...."
Host Bill Maher: "You mean the OxyContin that he was on?...Why couldn’t he have croaked from it instead of Heath Ledger?" — HBO’s Real Time with Bill Maher, February 8.
Politics of Meaninglessness Award for the Silliest Analysis
"Not doing it [fighting global warming] will be catastrophic. We’ll be eight degrees hotter in ten, not ten but 30 or 40 years, and basically none of the crops will grow. Most of the people will have died and the rest of us will be cannibals." — CNN founder Ted Turner on PBS’s Charlie Rose, April 1.
Madness of King George Award
"When somebody asks you, sir, about the cooked books and faked threats you foisted on a sincere and frightened nation; when somebody asks you, sir, about your gallant, noble, self-abnegating sacrifice of your golf game so as to soothe the families of the war dead; this advice, Mr. Bush: Shut the h@!! up! Good night and good luck." — MSNBC’s Keith Olbermann in a "Special Comment" on Countdown, May 14.
Barbra Streisand Political IQ Award for Celebrity Vapidity
"If you have a few hundred followers, and you let some of them molest children, they call you a cult leader. If you have a billion, they call you ‘Pope.’ It’s like, if you can’t pay your mortgage, you’re a deadbeat. But if you can’t pay a million mortgages, you’re Bear Stearns and we bail you out. And that is who the Catholic Church is: the Bear Stearns of organized pedophilia." — Bill Maher on HBO’s Real Time, April 11.
Admitting the Obvious Award
“When NBC News first assigned me to the Barack Obama campaign, I must confess my knees quaked a bit....I wondered if I was up to the job. I wondered if I could do the campaign justice.”
— NBC reporter Lee Cowan in an article for NBC’s “The Peacock” advertising supplement, March 23-29.
Other 2008 Award Categories:
• The "Pay Up You Patriots" Award
• D%$N Those Conservatives Award
• Let Us Fluff Your Pillow Award for Soft & Cuddly Interviews
• Media Hero Award
• The Great Goracle Award
• Good Morning Morons Award
• The John Murtha Award for Painting America as Racist
• MSNBC = Maudlin Sycophantic Nutty Blathering Chris Award
July 2008 - I guess our Supreme Court was full of crap, too, huh?
July 2008
In a stinging blow to the Bush administration, the Supreme Court has ruled prisoners in Guantanamo Bay can challenge their detention in civilian federal courts. The ruling marked the third time in four years the Supreme Court has ruled against the Bush administration concerning the rights of Guantanamo prisoners.
End of the year 2008 a total of 1.073 Palestinians were killed in Gaza and over 4,000 injured.
It is also a historical fact that the Palestinians were the FIRST to populate the Holy Land and that the Palestininas were driven from Palestine 1948, and again in the 1967 war Arab land went to Israel.
In the year 1993 the Palestinians concentrated in the 'Gaza Strip', this is a tiny, tiny land strip where 1.5 million Palestinians are living under horrible circumstances and in fear of Israeli attacks.
November 2008 Israel invaded Gaza and massacred Palestinians living there and the whole world condemned this act.
This is history!
Economic Downfall sm
When you have 5 minutes, watch this; it's causing quite a "furor" in the online community! =)
http://www.youtube.com/watch?v=bNmcf4Y3lGM
Economic definitions.............
Recession is when your neighbor loses his job.
Depression is when you lose yours.
Recovery is when Obama loses his.
McCain economic plan...
Click on the individual windows to get the complete plan.
http://www.johnmccain.com/Issues/jobsforamerica/
Don't agree. His economic plan will...
kill what economy is left. How do you give 95% of the country a tax cut when nowhere near that many even pay taxes? He will add a trillion or more to the deficit with all his plans...and how is he going to pay for that with even less tax money coming in? Oh I forgot...he is going to tax those making over $250,000. Which will kill jobs from small businesses who are S corporations (there are thousands of those) and file their income taxes personally and not as a business. Oh well. That's just what they get for being successful...they lose their business or have to downsize. Thank you so much, Mr. Obama. That will put even more people in the lower class because of job losses. If ANYone is going to divide into rich and lower class and no in between, it is Obama.
ACORN is definitely an economic issue.....
When thousands of fraudulent voters are going to the polls being counted as a vote, even though they do not truly exist in the first place, and Obama gets elected due to voter fraud, which he himself has paid to help enforce, how do you not see that as affecting our economy?
The majority of those dumb enough to help with the fraud are sadly enough easily led individuals who can't think for themselves and just do what they are told. They help to put a man in office who is going to tax them even more and they don't have the sense to know it! You don't think that affects your economy?
By the way, I am Independent.. McCain does't rock my boat either but Obama makes me want to puke!
We are broke now in an economic meltdown and
post-911 mindset. There is only one way out for those who look forward to what lays beyond that quagmire. I'll give you a hint. It does not involve a right turn.
Obama's economic plan.......
xx
Probably appointing economic team...
It may seem that he's acting a little early, but given the economic state of this country, I don't think that's such a bad thing.
He also has a parent-teacher meeting just before that...good for him!
Obama not going to attend economic
nm
Obama's economic plan
Number one, thanks for a thoughtful, relevant topic.
Number two, Obama's plan starts with rolling back the tax breaks for the wealthy that the Bush administration enacted to pre-Bush status and not make them permanent. A big step in the right direction would also be to tax the stratospheric earnings of equity-fund managers as income at 35% rather than as capital gains at 15% (they can surely afford it) and penalize them for moving their funds offshore.
Number three, all bets are off the table in light of the current GLOBAL economic crisis. The Obama administration will be so busy putting out fires they didn't start that it'll be difficult to enact any long-term or short-term economic plan. I know healthcare is a sore subject, but it's a potentially huge stimulus for middle-class folks, and huge stimuli are needed in times of severe GLOBAL recession.
Our economic situation is in no way as simple as that...wish it were!.....sm
What Mr. Rogers (love the name!) does not take into account in this equation is that in our particular case, which he did not forsee before his death, I believe, is much different. There are many hardworking, ethical, proud Americans who are very reluctantly receiving "handouts" from the government because there ARE NO JOBS to be had, the bills are due, the house is on the auction block, cannot afford medicine for a sick child, food for a starving family, heat and shelter....there are definitely people who abuse the system and use it as their piggy bank, but nowadays it can be me, you, your neighbor, anyone, no matter how many years you have worked hard, no matter how you have tried, we are in a crisis of almonst UNPRECEDENTED proportions, and still gettin worse. As for the rich, please do not get me started....TAKE from them???? don't you think that they are robbing all the American People and the System when they use all types of tax loopholes not to pay their fair share of taxes, when they move operations overseas for cheap labor and once again to avaid American taxes, when they pay lobbyists, who pay politicians, to look the other way in Congress on bills that would hurt big business but might HELP Amerfican workers???? Okay, I could go on, but I guess you get the idea how this poster feels about that particular quote. All for freedom, yes. But Free Enterprise has become the Evil Empire, as in Star Wars, (okay, hokey analogy!), and until we get that particular 2000 pound elephant out of the room and roasted, we are sunk as a nation.
I used the last economic stimulus check
It was costing me about $25 in quarters every time I went to the laudromat. Not to mention gasoline and time spent not typing. I used the $600 to buy myself a portable washing machine (attaches to sink in kitchen when in use) and a portable drier. They use very little electricity. Washer uses very little water (good thing, now that we're in a major drought), and only a teaspoon of detergent per load. So it's nice to no longer have to pay at the pump and at the 'mat!
Lots of ways to cut down costs and giving our money to the government in taxes. I now pay all my bills online. Costs me nothing. Saves me a stamp (the price of which is going up AGAIN this spring), and the use of a check that i had to pay to have printed.
If they want to send me another $400, I'm sure not gonna complain. As a single renter with no kids, I have ZERO tax breaks. Last year, the I overpaid and Calif. OWED me $300. Then they very conveniently 're-figured' my taxes, and sent me a letter saying I actually made LESS MONEY than I had put on my return, and by their calculations, they didn't owe me anything. (???) If I made less money, but still overpaid the same amount in taxes, shouldn't they owe me MORE? Needless to say, if I owe them this year, they might just be getting a $300 IOU. They can spend their bailout money collecting it from me.
Please share your ideas for economic
What do you think would be the best course of action?
Well, O had the Economic Summit today and
the stock market is tanking again. It's down to -212. I have never seen the INDP as low as today at 7154. I think part of it is because they talked about nationalizing CitiGroup and Bank of America.
We all gonna drown. Hope you all have a life jacket.
And your solution to the economic crisis is???? (nm)
x
McCains Top 10 economic crisis strategies.
10. Blissful ignorance. "The economy is not my strong suit."
9. Ridicule. In an interview with the Washington Post on 07/9/2008, McCain advisor and national campaign general co-chair Senator Phil Gramm was defining McCain's plans to reform the U.S. economy. Gramm explained the nation was not in a recession, stating, "You've heard of mental depression; this is a mental recession," and "We have sort of become a nation of whiners, you just hear this constant whining, complaining about a loss of competitiveness, America in decline." This would be the same Phil Gramm of the Gramm-Leach-Bliley Act which allowed commercial and investment banks to consolidate. The legislation allowed Swiss Bank UBS to purchase several American institutions. Gramm later became a lobbyist for UBS, collecting over 750,000 USD in fees. UBS alone issues over 18 Billion USD in subprime mortgages.
8. Denial. Black Monday, 09/15/2008. John McCain: "The fundamentals of our economy are still sound." A worldwide stock market crash occurred as Lehman Brothers filed Chapter 11 bankruptcy and major investment bank Merrill Lynch was sold to Bank of America. Dow Jones Industrial Average lost more than 500 points, which is the biggest point drop (up to that point) since September 2001. FTSE 100 dropped 212 points, and it was the biggest one-day percentage drop since January 21, 2008. Hong Kong, Japan and Korea stock market suspended that day due to public holiday, and they fell over 5% on the following day. Two weeks later, we had a blacker Monday (09/29/2008) with a 777.68 point drop on the Dow Jones Industrial Average.
7. Political grandstanding. Announcement of suspending his campaign to return to DC to "lead" Congress during economic bail-out negotiations. This effort led to a defeat of the measure when the votes were cast. Tried unsuccessfully to use the bailout as an excuse to postpone the presidential debate.
6. Flip-Flop. Claims to support regulation. Record says otherwise.
5. Incoherence. Threatens to fire the chairman of the SEC if he were in office, even though the president does not have the authority to do so.
4. Theft of intellectual property. Claiming previously existing mortgage buy-out proposal as his own.
3. Avoid / change the subject. Greg Strimple, a McCain top advisor: If we keep talking about the economy, we will lose."
2. Engage the politics of division, hate, fear mongering and cultural warfare with high-gear Obama smear campaign: Ayers, ACORN, Farrakhan, Rev Jeremiah Wright, Barack Hussein Obama, etc.
1. McCain’s send message to voters is to stop whining about the economy and start focusing on attacking Obama.
Obama's economic crisis strategy...
Vote for the bailout....and nothing else. Zip, zilch, nada. Oh, except echo Harry Reid, and I quote: "Nobody knows what to do about this." Well, no **** Sherlock. And STILL doesn't know. Not a clue. All he can say is middle class tax cuts and watch the thrills run up peoples' legs. Would be funny if it weren't so.....
I prefer the definition of economic meltdown.
Ignore it and your campaign will go down in flames.
This post is about a coherent as JM's economic plan.
x
Perhaps you could enlighten us on the economic crisis suffered by
There is nothing in your chart or context that convincingly explains away the $559 billion dollar surplus Clinton left behind when his term came to an end.
Having said that, most Americans will agree that, when compared to the past 8 years, the middle class enjoyed a prosperous decade in the 90s. I was able to pay off my condo, so it has been foreclosure-proof under W.
Bush is the one that CAUSED this economic meltdown.
x
Barney Frank is to blame for the economic
BUT, Barney Frank is to blame for the corrupt government interference in mortgages and forcing banks to loan to people who by no means had any business trying to buy a home!!
Barney Frank has been in Congress since 1981. He has been the head of the Financial Services Committee and has been in charge of pushing all these government regulations onto banks.....
LETS CALL IT LIKE IT IS!!! He's a corrupt SOB and he needs to be kicked out of there! And now he dares to come across suddenly acting as if he is doing EVERYTHING he can to get the banking business flowing again! BULL! He's got them just where he wants them, indebted to the government. WHat happens next? Government run banks....... socialism......governments lending YOU, the citizen, monies, owning you, your family, and everything else in your life.......you need to do YOUR HOMEWORK!
Yes, a start, but economic studies have shown that these will be....sm
long-term down the road, and we are sinking way too fast. I do agree with the grener approach, I am a "tree hugger" from way back, participated in some of the "no Nuke" protest, and am an active member of Save The Bay, as our state is right on the bay, almost an island, and this has been for the past two decades. I guess I am eager for O to stop catering to politics, even though I know it comes with the job, roll up the sleeves, and really get to the meat and bones of the stimulus package, this country is HUNGRY! Did you catch Lisa Ling's National Geographic docomentary on the new homeless shown on Oprah? That truly made me cry, because a decade ago my family was close to being one of them, I cry for the children, "bleeding heart Democrat" that I am at heart!
you don't follow politics/economic very closely then
First - signs were not hateful. Signs were truthful but the Kool-aid drinkers don't want to admit it. You consider calling us teabaggers, hillbillies, and rednecks as perfectly fine, but the minute someone points out that he is following the same path as socialist leaders you label that as "hate". What's worse is other countries are pointing it out too, not just Americans. Unfortunately it's the truth no matter whether you want to believe it or not. Last night I was watching a special about Hitler and his henchmen, and how a lot of people think he escaped. Well listing to the people talk about what he and his henchman did, I kept thinking...wait a minute...that's going on right now - (no not the genocide thing), but the way they ran their government back then. The reason you might have seen those signs on Fox was because there were no other channels covering it. BSNBC and the Communist News Network didn't cover it. Our local channels didn't cover it either. Between 250,000 to 300,000 people attended and they pretended nothing happened. What's amazing is they'll cover a story of some ducks crossing a road in some town I've never heard of, or some little kiddy motor scooter race in another unknown town, but over 2000 cities host the tea parties where there are peaceful demonstrations because people are unhappy with the government and they are excersing their right to freedom of speech (you remember the same things democrats were fighting and pushing for when Bush was in office). But there comes a double standard when only democrats can do it but republicans and independents are suppose to remain subservient and not say anything and let us be starved and unemployed and lose our homes and have to go live in shelters and we're suppose to be happy and never say anything???
As for inciting hate and racism...that is exactly what BSNBC is doing when they have Keith Olbermann show or Rachel Maddow or Chris Matthews. And then to have people like J Gorofool speak her utter hatred and racism and stupidity is unleashed. Now what she and Olbermann and the other clowns at BSNBC do...that there is inciting hate and racism. Pure and simple, no two ways about it. Why don't you actually watch Fox news before critising it. There is no hate and racism. What is racist about saying... I'm sick of congress and government taxing me to death, sending my job overseas, and I'm now having to foreclose on my house. I'm tired of them taking my money in taxes which I have no control over and they are spending it on themselves and their friends. What is racist about that???
Was the Dems economic fallout. Economy was fine
nm
McCain's top economic advisor says we are in a "mental depression" sm
and additionally says that we are a nation of "whiners.' McCains top economic advisor is Phil Gramm.
How do you feel about these remarks? Additionally have you or someone you know been experiencing tough times in the last year?
More on Barney Frank...he is SO dirty in this economic mess....
http://www.foxnews.com/story/0,2933,432501,00.html
|
