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By Peer Meinert Oct 9, 2008, 1:36 GMT
ANALYSIS: US elections overshadowed by Wall Street
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Older Talkback
schemes are against the law and eventually collapse. This one is no exception. 700 billion is just a drop in the bucket at this late date so pull your boots up and tighten your helmet straps; this is going to hurt.
It's gonna hurt alright, but McCain acts like he doesn't have a clue. How could he with all his millions and his rich ass wife with her outfits worth thousands each! Granted, if she has the money, she's entitled to spend it, but it looks pretty tacky and without much intelligence to parade around in them acting like she's in a fashion show in front of audiences of people who are hurting and struggling just to make ends meet!
Too true.
Tell all the other punters on these pages not to even bother with these bums trying to become class prefect in November - it does not matter who becomes MR.PRESIDENT, he may have millions in the bank, if he does`nt lose it, but his role will be no more important to the US than the White House janitor. Come to think of it, the janitor is MORE important, since without him the WH would be swimming in shit. Rather like the country.
Forget that voting crap, it is totally irrelevant, go and give your bank manager a big kiss, HE is more important than these useless and lying fakes.
'Try the word forth, not fourth, '
Nope. fourth, fourth, fourth.
LOLOLOL Fourth is a number, a-hole. The word you want is forth.
Take your meds, headcase.
The comments back and forth here are unbelievable! These people need to get their own site as they sure don't bother to even comment on the subject - being too busy outdoing each other in the name and 'crap' comment department. The matter of AIG employees taking the luxury vacation where they spent thousands of dollars right after the bailout is too disgusting for words. It was reported they spent $23,000 in just spa treatments alone and $150,000 on meals among the other expenses! During Tues. night's debate Obama said the executives should be fired, and the cost of the trip should be reimbursed to the U.S. treasury. That statement alone would make me know where to cast my vote!! Americans were repeatedly told AIG needed to be rescued because it was 'too big to fail' - too big??? - one thing is certain, too big would apply to the egos of some at the top! Go Obama!!
'Take your meds, headcase.'
Again, parrot, the words are 'head' and 'case', and lashing out at everyone isn't going to help you stop being one.
'It was usually an effective tactic, another one of those tricks I had learned: (White) People were satisfied so long as you were courteous and smiled and made no sudden moves. They were more than satisfied, they were relieved -- such a pleasant surprise to find a well-mannered young black man who didn't seem angry all the time.' -- Barack Obama
'The government gives them the drugs, builds bigger prisons, passes a three-strike law and then wants us to sing 'God Bless America.' No, no, no, God d*mn America, that's in the Bible for killing innocent people. God d*mn America for treating our citizens as less than human. God d*mn America for as long as she acts like she is God and she is supreme.' -- Jeremiah Wright
All the catastrophic self inflicted economic cock-up threatening the life savings, jobs, homes and prosperity of the American people today will last another five years or more, IF it ever does get any better.
So hardship and real suffering is the top 'A la carte' item on the menu of the next Captain Calamity who inherits that great lump of concrete crap in Washington.
BUT ! wait for it ! At the same time as this Kamikaze economic doom grips us hard, there is a little rabbit tucked away in some Government building frantically writing out cheques as fast as he can. BUT, they are not to ease the agony of poor Americans - THEY ARE CALLED OVERSEAS AID !
How lovely, over 240 billion dollars every year to scumbag, despotic nations, lead by semi-savages who then spend it on enlarging their legions of military monkeys and equipping them with all the latest weaponry. Many use this miliary might to murder tens of thousands of their own people.
The people who survive this genocidal onslaught get nothing but sand, flies, disease, starvation and a big kick up the arse if they complain.
AND, spending countless millions on ensuring the luxury lifestyles of their thousands of administrative despots. Not a bit of gratitude in sight. I fact most of them would rather kill Americans or destroy American collateral, but they just love the generous handouts. THANKS YANKS.
If anybody knows where this White House rabbit lurks - PLEASE ! BLOW HIS BLOODY HEAD CLEAN OFF.
PS ; - ALL THIS IS GIVEN TO YOU WITH LOVE FROM GEORGE BUSH JR. AS A GRAND FINALE TO HIS WONDERFUL EIGHT YEAR REIGN OF DISASTEROUS LEADERSHIP.
Maybe in a US ditionary it ie two words. In an English one it is one word.
Lashing out at everyone isn't going to help you stop being one. Take your meds, headcase.
And the word you want is still forth, not fourth.
@Obama hates the US... etc
Why do you bother - it is obvious that posts such as these are orchestrated from the McCain blog committe who try to spread half-truths and rumors to try and hold on to their rapidly dwindling number of supporters. It is all too obvious - only the really dim or fanatically committed will be influenced by such rubbish
Where's he gonna get the hundreds of billions of $ to do it?
Ge'ez, I guess he could CREATE A NEW TAX ON EVERYONE and start taxing my employer provided health care ... wait.
He's already gonna do that!!!!
Looks like McCain will just have to add it to the $12,000,000,000,000 in national debt eh? (that's trillions folks!)
Then McCain says 'Fixing Social Security is Easy' ?!?!!??!!!????
IF it was that easy folks, it'd be fixed by now.
McCain knows nothing about the economy (he admits that) ... and now he wants to nationalize mortgages ... if that ain't socialism, I don't know what is.
That's your GOP candidate guys.
Sounds like you've got a drastic case of brainwashing! McGrandpa is getting to be the king of mudslinging to the point he's forgotten what the campaign is all about - oh well, figures!
Meanwhile, as the politicians like McCain say everything is wonderful, the Dow Jones Index is currently dropping through 9000 and is accelerating downwards
while the politicos play Nero. Fiddle about, fiddle about. My children play games that are more adult than the games being played in Washington and Wall Street.
is what I think of the campaigns now. I've voted since nothing I could hear would change my mind other than re-enforce the fact that I made the right decision.
@Obama hates the US... etc
'Why do you bother - it is obvious that posts such as these are orchestrated from the McCain blog committe[sic] who try to spread half-truths and rumors to try and hold on to their rapidly dwindling number of supporters.'
So you got all of that out of me posting Obamas own words?
Gee, you apparently see what you want to see. No wonder you are an Obama supporter.
Here:
'You got into these small towns in Pennsylvania... it's not surprising then they get bitter, they cling to guns or religion or antipathy to people who aren't like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations.' -- Barack Obama
Does that sound like affection for our people pour our Constitutional Rights?
obama does hate the usa, just look at who his friends are.
October 07, 2008 (Abridged)
I think it would be an absolute cheap shot to blame the falling stock market on Wall Street's sudden realization that Barack Obama will very likely be the 44th president of the United States. But is fear of a potential Obama presidency playing any role at all in the weakness? How many investors, I wonder, buy into the theory of economist Peter Morici, hardly a conservative mouthpiece, who says, 'Obama's tax and redistribute policies will not resurrect jobs, wages, or the price of stocks in American retirement accounts. Ordinary Americans who have to earn their livings outside the cosseted confines of Wall Street will be not much better off two years from now. In fact, Obama's policies may make economic conditions worse.'
Now, it is an interesting economic experiment that we may be about to undertake: Do exactly the opposite of what we did as a nation the last time America was in deep economic trouble, coming out of the 1970s. It's like we are going to replay the 1980s, but with Ted Kennedy as president.
Let's compare and contrast for a moment. When Ronald Reagan was elected in 1980, he faced the following problems:
1) Confiscatory tax rates. Not only was the top rate 70 percent, but the brackets were not indexed for inflation.
2) Sky-high energy prices. Gas prices moved to $1.25 a gallon, twice what they were in 1976.
3) Credit market turmoil. Interest rates were about 20 percent, and housing was in the tank.
And look what our next president will have to face:
1) Confiscatory tax rates. The United States has the second-highest corporate tax rate in the world, with 70 percent of the burden falling on workers.
2) Sky-high energy prices. Anything lower than $100-a-barrel oil and $4-a-gallon gas looks like a bargain.
3) Credit market turmoil. As bad as anything we have seen since the Great Depression.
But in 1980, we chose to unleash the free market through lower taxes and less regulation. And the stock market boomed, as did the economy. In 2008, we may as a nation choose the opposite path by raising taxes on business, big and small, and on the financial markets through higher capital gains taxes. Also, regulation seems to be the new black. It's like that Seinfeld episode in which George decides to do everything the opposite.
Your brain and the economy are in free-fall.
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