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http://georgewashington2.blogspot.com/
"It is imperative to curb the this loss of confidence, to relaunch it and, if necessary, replace private demand, if we want to avoid a recession that turns into a Great Depression. "
They don't realize: we are already the walking dead.
Oil peaked in the 2005-2008 time period. With the collapse of investment, that period is now set in stone.
You should be looking toward fresh woods, and pastures new, not to the vanished past.
Got garden?
Obama lacks the good sense to stop wasting the public's resources & prison space on the unwinnable War on Cannabis Hemp.
We shall have to educate Barack.
Hemp Liberty or Else!
(Else = Fascism, Depression, Collapse)
Like the Southern Baptists, the LDS Church been on the wrong side of every issue since its inception.
And even if we get out of it, the inflation that will be caused by so much spending and money printing and 0 interest rates will be just as bad if not worse.
Welcome to the White House Barack.. Bush has handed you a country in ruin, now you get to try to put it back together before its too late.
Many banks don't have enough money to survive in 2009, but mergers will keep their brands alive, said Ralph Silva of TowerGroup.
http://www.cnbc.com/id/15840232?video=975644719...
Got Gold?
Dominique Strauss-Kahn got it backwards. Systems analysts should not be looking for support systems but for a fresh economic structure. There is no sense to pumping up a failed system. A controlled fall is the best we can hope for.
WASHINGTON (AP)– New claims for unemployment benefits rose more than expected last week, the government said Wednesday, while consumers cut back on their spending for the fifth straight month amid a deepening recession.
The Labor Department reported that initial requests for jobless benefits rose to a seasonally adjusted 586,000 in the week ending Dec. 20, from an upwardly revised figure of 556,000 the previous week. That's much more than the 560,000 economists had expected.
That's also the highest level of claims since November 1982, though the work force has grown by about half since then.
The financial markets took the news in stride. The Dow Jones industrial average rose by 67 points to 8,486 in midday trading.
(There's more in this story, including "experts" trying to mitigate the consumer confidence drop by stating that gas prices at the pump are down--not that they haven't been for a few months already. People are just cutting back to the bone, and you can't get blood out of a turnip...to mix my metaphors.)
You mean the phony money dump?
Markets are indicative of nothing.
They've always been rigged.
But no matter how bad it gets, in order to lay claime that your a true blue American, you'll have to pay a price for that previlage. The cost? Help those from Washington to Wall Street who bankrupted us by allowing them to enjoy the holidays and giving them their year end bonuses.
The most glaring example is AIG. AIG pays out $400 million in bonuses with taxpayer money. The Company defends this as necessary to keep top talent? Top talent? What the hell are they talking about? This is the "top talent" that created the multi-hundred billion dollar catastrophe that Henry Paulson is using taxpayer money to monetize, fraudulently I would argue. And make no mistake about this, I have looked at the publicly available numbers for AIG and have concluded that AIG will require at least $1 trillion to keep it alive. Others are finally somewhat agreeing as I've seen recent media published estimates of $400-500 billion. Eventually they'll come my way. AIG is being kept alive with taxpayer money in order to defend the massive counterparty deriviatives risk exposure of Goldman Sachs, JP Morgan and Morgan Stanley, among others. This is the ONLY reason and taxpayers are subsidizing the nice Christmas that will be had by AIG and Hank Paulson all the other Wall Street crooks who are looting our system. I ask again, where the hell is the outrage?
Hope all enjoy the holidays as best they can. While the crowds from Wall Street to Washington dine on caviar and champaign compliments of the US tax payer and Congress, what's left of the middle class gets to enjoy spam and Mountain Dew.