Sorry Chris...OT...read this all the way to the bottom. Since Reagan there's been a plan to override the Constitution for a succession in the Executive Branch??? What the fuck is this? here is the link: http://rawstory.com/news/2008/Author_Some_in_Co...
stoic
· 1 year ago
Oh, dear lord, Chris! NO! We don't need more $$$ to buy ever more HD tv's or thumbdrives at our local Wal-Mart.
scottinsf
· 1 year ago
No! No! No! Fuck that stimulus bullshit. Not unless everybody gets it; and even then it's a bad idea. No way.
scottinsf
· 1 year ago
OK. I jumped the gun there and read further. That phrase "economic stimulus" just brings out a visceral reaction in me after the pathetic idea of stimulus the repugs rolled out.
Money for infrastructure? Hell yes. The term "economic stimulus" is a bad term for that right now though.
Bush_Bites
· 1 year ago
Ah Chris.
Just reread your post.
Yes, infrastructure spending is good.
Not much short-term bang, but much long-term bang.
As long as it's not the pork barrel stuff that came out of Bush and Hastert's Highway bill.
Bush_Bites
· 1 year ago
I believe Lester Thurow's theory was that companies no longer have much loyalty, so will go to the country with the best employees and best infrastructure.
Among industrialized countries, we probably have the worst of both right now. About the only thing keeping us alive at all is the size of our market.
Indigo
· 1 year ago
Stimulus? Shirley, you jest!
unrepentant_expat
· 1 year ago
With President Bush's Master of Business Administration from Harvard Business School and his back ground in business how could anything go wrong?
Bush's business ventures:
* Arbusto, an oil exploration company, lost money, but it got considerable investments (nearly $5 million) because even losing oil investments were useful as tax shelters. * Spectrum 7 Energy Corp. bought out Arbusto in 1984 and hired Mr. Bush to run the company's oil interests in Midland, Texas. The oil business collapsed as oil prices plummeted by 1986, and Spectrum 7 Energy was near failure. * Harken Energy acquired Mr. Bush's Spectrum 7 Energy shares, and he got Harken shares, a directorship, and a consulting arrangement in return. Harken, under Bush, brought in Saudi real estate tycoon Sheikh Abdullah Bakhsh as a board member and a major investor. Over the next few years, Harken would turn out to have links to: Saudi money, CIA-connected Filipinos, the Harvard Endowment, the emir of Bahrain, and the shadowy Bank of Credit and Commerce International. o A 1991 internal SEC document suggested George W. Bush violated federal securities law at least 4 times in the late 1980s and early 1990s in selling Harken stock while serving as a director of Harken. This is essentially the same kind of activity that Martha Stewart is going to prison over. Except at the time of the investigation, Mr. Bush's father was president and the case was quietly dropped.
ndtovent
· 1 year ago
...but he only has 6 months left in office...Thank God..
ndtovent
· 1 year ago
O/T, but while we're shrub bashing, I was happy to hear that congress slapped him down by overriding his veto on the medicare reducton bill. Good on em! We need more of that kind of bipartisan unity for good, common sense legislation.
sukabi1
· 1 year ago
he's talking more "stimulus checks"? I still haven't gotten my paltry $222.00. I got a letter saying I should have it by July 11th, but haven't seen it yet... and yes, if he's hell bent on a "stimulus package" it should go toward fixing this country's infrastructure and if they did it in a SANE way (without those no bid contracts to Helliburton et al, then it would actually create jobs and such that would benefit the average Joe and Jane)...
shanobama
· 1 year ago
Good point.
Because I gave my current US economic stimulus check to the Obama campaign.
Bush_Bites
· 1 year ago
They need something in Appalachia.
That area's been depressed forever.
(Though those Goddamn hillbillies won't appreciate it. Just like the Rednecks down South rage against government programs while getting cheap power from the Tennessee Valley Authority while we get gouged by shysters from Texas.)
unrepentant_expat
· 1 year ago
"That area's been depressed forever."
After all the coal has been removed, there'll be such depression there it'll be an inland sea.
hawkseye
· 1 year ago
Sorry, slightly OT. Just saw Gretchen Morgenson, NYT finance columnist on Charlie Rose. (It will probably be available soon on streaming vid. on Rose site) She used the Depression Word a few times and blasted those who have well known for a long time where the economy was headed. Maybe we can have War Crimes trials for them, too.
KerrynowCampau
· 1 year ago
When Obama gets into the White House they will start calling it a recession/depression
Soundboy_jeff_meanie
· 1 year ago
republicans will... and they'll point out that the Democrats have controlled Congress since 2006.
ugh.
KerrynowCampau
· 1 year ago
I hadn't thought of that......
Ugh, indeed
:-(
hawkseye
· 1 year ago
They are already calling it Pelosi's recession.
interlude
· 1 year ago
Bush is not so much an optimist as a cheerleader. he was a cheerleader at Yale (which he got accepted to when he couldn't meet the entrance standards of the University of Texas)...and Yale's cheer is reaaAALLL complicated; "Boola boola" or some such. he was chosen to be the GOP candidate... to be the outfront cheerleader for Cheney, and he cheers still....hence, he knows what he is saying is nonsense (just like boola boola)
Soundboy_jeff_meanie
· 1 year ago
where's the farm bill with the rollback of the enron loophole? it supposedly passed both houses with a veto-proof vote... then seemed to drop off the face of the planet.
if that gets pushed through, oil might drop OVERNIGHT to $80 a barrel.
... of course, repugnicans will take credit for it... even though chimpy phil gramm pushed the enron loophole through on a midnight vote in 2001.
funny, his wife was on the enron board of directors... and he's mccain's economy guru.
OlderAndWiser
· 1 year ago
Even if the price of oil drops (and it has, over $10/bbl the last 2 days), how will it help the millions losing their homes and already in such dire straits it will take them years to recover? The jobs just aren't there, prices on items that increased during this period, and even gas itself, may never come back down as demand decreases. And even for those employed, while inflation was at 5% (that's the govt figure, not mine, which would be much higher), wages only increased 3.2% on average. For SS recipients, it was 2.2%.
Doesn't anyone realize that the greedheads don't really give a shit about YOUR situation or anyone else's out here? Companies want to keep profits high, shareholder dividends high, and their own excessive lifestyles humming. They could care less if you have shelter, food, clothing or anything else basic to maintaining your existence.
All Comments
http://rawstory.com/news/2008/Author_Some_in_Co...
Money for infrastructure? Hell yes. The term "economic stimulus" is a bad term for that right now though.
Just reread your post.
Yes, infrastructure spending is good.
Not much short-term bang, but much long-term bang.
As long as it's not the pork barrel stuff that came out of Bush and Hastert's Highway bill.
Among industrialized countries, we probably have the worst of both right now. About the only thing keeping us alive at all is the size of our market.
Bush's business ventures:
* Arbusto, an oil exploration company, lost money, but it got considerable investments (nearly $5 million) because even losing oil investments were useful as tax shelters.
* Spectrum 7 Energy Corp. bought out Arbusto in 1984 and hired Mr. Bush to run the company's oil interests in Midland, Texas. The oil business collapsed as oil prices plummeted by 1986, and Spectrum 7 Energy was near failure.
* Harken Energy acquired Mr. Bush's Spectrum 7 Energy shares, and he got Harken shares, a directorship, and a consulting arrangement in return. Harken, under Bush, brought in Saudi real estate tycoon Sheikh Abdullah Bakhsh as a board member and a major investor. Over the next few years, Harken would turn out to have links to: Saudi money, CIA-connected Filipinos, the Harvard Endowment, the emir of Bahrain, and the shadowy Bank of Credit and Commerce International.
o A 1991 internal SEC document suggested George W. Bush violated federal securities law at least 4 times in the late 1980s and early 1990s in selling Harken stock while serving as a director of Harken. This is essentially the same kind of activity that Martha Stewart is going to prison over. Except at the time of the investigation, Mr. Bush's father was president and the case was quietly dropped.
Because I gave my current US economic stimulus check to the Obama campaign.
That area's been depressed forever.
(Though those Goddamn hillbillies won't appreciate it. Just like the Rednecks down South rage against government programs while getting cheap power from the Tennessee Valley Authority while we get gouged by shysters from Texas.)
After all the coal has been removed, there'll be such depression there it'll be an inland sea.
Maybe we can have War Crimes trials for them, too.
ugh.
Ugh, indeed
:-(
he was a cheerleader at Yale (which he got accepted to when he couldn't meet the entrance standards of the University of Texas)...and Yale's cheer is reaaAALLL complicated; "Boola boola" or some such.
he was chosen to be the GOP candidate... to be the outfront cheerleader for Cheney, and he cheers still....hence, he knows what he is saying is nonsense (just like boola boola)
if that gets pushed through, oil might drop OVERNIGHT to $80 a barrel.
... of course, repugnicans will take credit for it... even though chimpy phil gramm pushed the enron loophole through on a midnight vote in 2001.
funny, his wife was on the enron board of directors... and he's mccain's economy guru.
Doesn't anyone realize that the greedheads don't really give a shit about YOUR situation or anyone else's out here? Companies want to keep profits high, shareholder dividends high, and their own excessive lifestyles humming. They could care less if you have shelter, food, clothing or anything else basic to maintaining your existence.