It's going to get worse well into 2009. Wall Street knows the financial markets are toast and knows re-regulation is coming. They will drain the ordinary citizen for what they can in the meantime with taxpayer funded republican bailouts and a huge contraction in the market's value. To borrow from Karen Carpenter, "We've only just begun..."
unrepentant_expat
· 1 year ago
Bush says US to send more troops to Afghanistan AP - 15 minutes ago
WASHINGTON - Grappling with a record death toll in an overshadowed war, President Bush promised Wednesday to send more U.S. troops into Afghanistan by year's end. He conceded that June was a "tough month" in the nearly seven-year-old war.
This is what the historical record demonstrates - Republicans destroy the economy, Nixon did it, Bush I did it (using Acting-President Reagan as a front-man) and now Bush II is about to succeed in their long-term plan: turning America into a third-world nation.
There is a reason why no Republican was elected as president for 25 years after 1929 - Americans REMEMBERED how the GOP intentionally destroyed the US economy. Now they've done it again right before our very eyes, with the help of the Main Stream Media's far-right wing owners and the Democratic 'leadership' who are under the direct control of the Neo-Cons.
Now Obama is 'moving to the center', but since he started out as a moderate Republican, this means he's moving to the far-right fringe.
Is there any hope?
Bubbles
· 1 year ago
Do they do it on purpose?
Is it a case of the scorpion on the back of the frog in the middle of the lake? The scorpion will drown if the frog dies, yet it stings her anyway, saying, "it's my nature".
In fact concentrating wealth and power caused the collapse of Ancient Egypt's New Kingdom, Rome, Pre-Islamic Mecca (Islam was a reaction to it), Byzantium, Medieval Japan, Hapsburg Spain, Bourbon France, Romanov Russia, and the Great Depression which paved the way for the rise of the Nazi's, WWII, the Holocaust and the whole nine yards.
The history of concentrated wealth is well known and well documented. Supply side economics is a fraud.
Rome illustrates the point. Wealth becomes concentrated, undermining broad based demand, undermining the commercial economy. The wealthy and powerful use their influence to shirk paying taxes. In the end, Rome didn't have enough revenue to fund large enough armies to hold back barbarians - and Rome had all the resources of Western civilization available to it, the barbarians had almost nothing.
Same thing happened in Japan. Except, as an Island nation, there was no invation. The nation just collapsed into balkanised warring states. In the case of Rome and Japan, multi-century dark ages followed.
We are watching the collapse of our civilization right before our very eyes.
Shannon
· 1 year ago
Sadly no. As scientist Leuren Moret told her audiences in recent world wide tours, the American people's only hope is to get off the grid and avoid paying income taxes..............
Busboy
· 1 year ago
O/T: Obama just busted for getting special favors from Countrywide. It's the "Keating Fiver" against the "Countrywider". What a bunch of jerks.
I think Sullivan fabricated his article from whole cloth and admitted it in saying that he didn't know the particulars. He was just backing up Obama out of political preference. But, I'm not making a big deal out of it and I don't think it's going to hurt Obama. Apparently everyone was doing it on both sides of the aisle.
mirth
· 1 year ago
You still imply Obama's loan was somehow preferential or dishonest and there is no evidence to support either.
Busboy
· 1 year ago
No origination fee? No discount points? Below the market interest rate? In the long run, the episode won't hurt his chances; but it does smack of business as usual. Especially since they've been pilloring other politicians in the press for doing the same thing (Dodd, for example). You can't get a loan like that if you actually have the money in the bank and don't need it.
interlude
· 1 year ago
SO, Osama Bin Laden's prediction of $140 oil came true. can we thank Dumbya?
Busboy
· 1 year ago
A confederacy of dunces has led us to our energy policy. The piper is now being paid.
Dave of the Jungle
· 1 year ago
What energy policy?
Busboy
· 1 year ago
exactly...
Shannon
· 1 year ago
The one crafted by Reagan who dismantled all of Mr. Carter's energy policies that would have taken this country in a complete diferent direction.....too bad the main stream media assassinated Mr. Carter's reputation and continues to do so today because he would have changed things and this country would not be in the fix it is in today thanks to the Republipukes and the in name only Democrats.
Reagan even went so far as to have the solar panels removed from the White house roof that Mr. Carter had had installed........big oil owns our military which has been protecting their back sides seceretly for decades and openly now............I hope all of the Pepublipukes that voted these criminals in are happy with themselves.
Want to do something about the high price of gasoline? Ride a Republican to work.
jr
· 1 year ago
Ben Bernanke has a tent with our names on it
vkobaya
· 1 year ago
OT
Obama: Service to be a cornerstone of presidency
Yeah, Bush made the same promise and kept it too. Bush was in service to the corporations and his own pocketbook.
mirth
· 1 year ago
So true, but with President Obama we citizens get our turn and our service will benefit us.
mirth
· 1 year ago
Speaking of Obama's call to service:
"We need your service, right now, at this moment – our moment – in history. I’m not going to tell you what your role should be; that’s for you to discover. But I am going to ask you to play your part; ask you to stand up; ask you to put your foot firmly into the current of history. I am asking you to change history’s course."
This is because of the Federal Reserves policy of socializing the losses of the investment banks that occurred a couple months ago. They are debasing the currency, purposefully, and it is resulting in higher prices across the board. Also the saber-rattling with Iran and speculators are driving oil up. It's going to get a whole lot worse before it gets any better, and only one candidate had the guts to talk about this a year ago. What has Obama said about inflation? Or Pelosi for that matter? Oh, that's right, absolutely nothing. Thanks Dems for taking control in 2006. Barry will be the end of the US as we know it. /end rant RP2008
mirth
· 1 year ago
You need to get out more, or reader wider, if you think Obama hasn't addressed the economy.
Unfortunate on your part to rely on Ron Paul-R(racist).
MarxMarvelous
· 1 year ago
Ron Paul is not a racist. Unfortunately, you've been brainwashed by a single smear piece. Typical Obama supporter, selective reading, selective hearing. You definately need hope. Keep stockpiling those FRN and good luck in the coming collapse.
Exactly. One issue. Can you tell me which NAACP member supports him? He's not racist, and that is obvious to anyone who has read his many books. Do more research, please, your way of thinking and swallowing whatever the MSM tells you is what is hurting America. http://www.youtube.com/watch?v=SAWClI8zsH4
Let them eat cake..................love the senate and the house.
Shannon
· 1 year ago
I would not place much stock in Obama, he has already caved on FISA, and now he is out pandering to the lunatic religious nuts and promising to continue to blur the line between church and state. His newly declared "centrist" policy is exactly what has been wrong for 8 years under BushCo.....the one party system keeps things status quo, no change there.........yes, we are very disappointed in Mr. Obama who is becoming more like Mr. McCain everyday..............by November he might have completely morphed, sadly.
All Comments
AP - 15 minutes ago
WASHINGTON - Grappling with a record death toll in an overshadowed war, President Bush promised Wednesday to send more U.S. troops into Afghanistan by year's end. He conceded that June was a "tough month" in the nearly seven-year-old war.
http://news.yahoo.com/s/ap/20080702/ap_on_go_pr...
There is a reason why no Republican was elected as president for 25 years after 1929 - Americans REMEMBERED how the GOP intentionally destroyed the US economy. Now they've done it again right before our very eyes, with the help of the Main Stream Media's far-right wing owners and the Democratic 'leadership' who are under the direct control of the Neo-Cons.
Now Obama is 'moving to the center', but since he started out as a moderate Republican, this means he's moving to the far-right fringe.
Is there any hope?
Is it a case of the scorpion on the back of the frog in the middle of the lake? The scorpion will drown if the frog dies, yet it stings her anyway, saying, "it's my nature".
In fact concentrating wealth and power caused the collapse of Ancient Egypt's New Kingdom, Rome, Pre-Islamic Mecca (Islam was a reaction to it), Byzantium, Medieval Japan, Hapsburg Spain, Bourbon France, Romanov Russia, and the Great Depression which paved the way for the rise of the Nazi's, WWII, the Holocaust and the whole nine yards.
The history of concentrated wealth is well known and well documented. Supply side economics is a fraud.
Rome illustrates the point. Wealth becomes concentrated, undermining broad based demand, undermining the commercial economy. The wealthy and powerful use their influence to shirk paying taxes. In the end, Rome didn't have enough revenue to fund large enough armies to hold back barbarians - and Rome had all the resources of Western civilization available to it, the barbarians had almost nothing.
Same thing happened in Japan. Except, as an Island nation, there was no invation. The nation just collapsed into balkanised warring states. In the case of Rome and Japan, multi-century dark ages followed.
We are watching the collapse of our civilization right before our very eyes.
http://latimesblogs.latimes.com/laland/2008/07/...
"So indeed, Obama received a "discount" -- the same discount that any borrower in his position would have received."
The WaPo And Obama's Mortgage:
http://andrewsullivan.theatlantic.com/the_daily...
can we thank Dumbya?
Reagan even went so far as to have the solar panels removed from the White house roof that Mr. Carter had had installed........big oil owns our military which has been protecting their back sides seceretly for decades and openly now............I hope all of the Pepublipukes that voted these criminals in are happy with themselves.
Want to do something about the high price of gasoline? Ride a Republican to work.
Obama: Service to be a cornerstone of presidency
Yeah, Bush made the same promise and kept it too. Bush was in service to the corporations and his own pocketbook.
"We need your service, right now, at this moment – our moment – in history. I’m not going to tell you what your role should be; that’s for you to discover. But I am going to ask you to play your part; ask you to stand up; ask you to put your foot firmly into the current of history. I am asking you to change history’s course."
Video from earlier today:
http://my.barackobama.com/page/community/post/s...
http://www.fourwinds10.com/siterun_data/governm...
/end rant
RP2008
You'll find lots of info and links here:
http://useconomy.about.com/od/fiscalpolicy/p/Ob...
And this is an informative read:
http://news.bbc.co.uk/2/hi/business/7445343.stm
This, too:
http://www.ontheissues.org/Economic/Barack_Obam...
Wake up.