DISQUS

Andrew · 1 year ago

There's a great article over at The Nation by Bill Greider, but these two paragraphs say it best.....
http://www.thenation.com/blogs/notion/336722/wa...

Phil Gramm, the senator-banker who until recently advised John McCain's campaign, did get it right about a "nation of whiners," but he misidentified the faint-hearted. It's not the people or even the politicians. It is Wall Street--the financial titans and big-money bankers, the most important investors and worldwide creditors who are scared witless by events. These folks are in full-flight panic and screaming for mercy from Washington, Their cries were answered by the massive federal bailout of Fannie Mae and Freddy Mac, the endangered mortgage companies.

When the monied interests whined, they made themselves heard by dumping the stocks of these two quasi-public private corporations, threatening to collapse the two financial firms like the investor "run" that wiped out Bear Stearns in March. The real distress of the banks and brokerages and major investors is that they cannot unload the rotten mortgage securities packaged by Fannie Mae and banks sold worldwide. Wall Street's preferred solution: dump the bad paper on the rest of us, the unwitting American taxpayers.

mf_roe · 1 year ago

For those too young to remember the oil shock of the 70's let me assure you
that when the great unwashed of this country panics it will truly get ugly. The facts are bad but the fear and panic will turn this country into something beyond recognition. Wait till they start showing up at police stations wanting to be sworn in as volunteer order keepers.

FunMe · 1 year ago

The republicans always mess up the gig!

Can we FINALLY get rid of them? No more leftovers like the DICK (cheney) from the 70s Nixon days.

And if anyone hasn't seen "V for Vendetta" - you must watch and recommend others to do the same.

We can take back our government and country!

bumpkis · 1 year ago

I may have seen it a time or two....

FunMe · 1 year ago

;-)

FunMe · 1 year ago

Want more of the same?

Then vote for McCain.

Bubbles · 1 year ago

I think things could get very extreme come November.

The people are looking at two recessions in one President. For many, many people, the first recession never went away. Now were facing a recession of Great Depression proportions. When this happened to the Germans in the 1920s, the endured the first recession, but the second one brought the collapse of the Wiemar Republic.

What is missing is the Press (as always).

Simple things need to be said like:
1) the Economy almost always does better under a democrat &/or liberal policies. (See GNP growth from 1940-45, 1945-1970, 1992-2000)

Why?
2) because wealth concentration contracts demand causing the economy to shrink. If Donald Trump and Paris Hilton have all the disposable income, then only two cars will be bought and built. They can only consume so much.



These are very simple things. Much easier to explain than the myth of supply side economics (no body builds anything, a car or a factory to make one, if nobody

mf_roe · 1 year ago

Those who know their history will tell you that during the Great Depression of the 1930's there was significant political unrest in this country. The reason this country was afraid of communism was the fact that many Americans were listening to Communist organizers during the 30's and there never was a clear rejection on the merits the debate being cut short by WWII. Marx never saw Russia or China as likely candidates for his system, he felt England was the most fertile soil for his system. America as it exists today is exactly the kind of country ripe for a lurch toward the extreme of collective dictatorship.

jr · 1 year ago

"we need to teach creationism in schools"-McCain as he puts the icing on the Hoovernomic future

unrepentant_expat · 1 year ago

Come on guys. Everybody expects this country to implode into disorder but there's Blackwater to keep the peace.

Mikki --SE Pennsylvania · 1 year ago

No one seems to be mentioning the newest reason to whack crooked Phil Gramm. Apparently unbeknownst to many he is trying to become the KING OF SMUT PEDDLING. Probly going to suggest McShame campaign put trailers on the Girls Gone Wild ads. Then maybe Charlie Crist will handle the Boys Gone Wild side? Gramm should be in jail for his machinations in the financial world and McShame would have been a much great service to his country if he'd come home in a bag from his service as Collaborator.