For general discussion and debate. Possible talking point: Are media making matters in the banking industry worse?
Even as the Bush administration moved to rescue the nation's largest two mortgage companies, confidence in the banking sector spiraled downward Monday. In the Los Angeles area, lines snaked around IndyMac Bancorp branches for blocks, as customers made withdrawals from the bank, which failed last week. In Cleveland, National City Corporation denied a rumor that its customers were also demanding their money.
As it pertains to IndyMac, the head of the FDIC said yesterday that publicity concerning problems at that S&L led customers to remove deposits ending up in the OTS having to take them over. As media focus more and more attention on other banks speculated as being "in trouble," will it lead to more runs and worsen the problem?
After all, according to the head of the FDIC, as of March 31, there were only 90 banks and S&Ls on its troubled list, with combined assets of only $28 billion. These are VERY small institutions. Yet, the hysteria now -- potentially media driven -- is endangering some of America's largest banks. Thoughts?





















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Comments Policy
Remember Rothchild...
Tue, 07/15/2008 - 11:01 ET by Prester John..."when there's blood in the street there is money to be made".
Media = Bank problem flame fanners???
Tue, 07/15/2008 - 11:03 ET by IgnatzJFahrquarYes!
(Momma said "When answering questions, be succinct.")
"All generalizations are false, including this one.” Mark Twain
doesn't the media make
Tue, 07/15/2008 - 11:20 ET by TruthMongerdoesn't the media make everything worse...?
Like John McCain says: Its
Tue, 07/15/2008 - 11:08 ET by goldbarLike John McCain says: Its all in our heads.
Actually...
Tue, 07/15/2008 - 11:41 ET by ontheright...it was Phil Gramm who said that and the media skewered him for it when all the while it is they (MSM) who are perpetuating the "economy is failing" myth.
Leave it to the moonbats in the media to paint the perception of a failing economy so their Obamessiah can wave his hand (if/when he gets into office) and the economy miraculously improves overnight - at least that's the way it will be reported anyway.
It's all a devious and carefully orchestrated conspiracy to get the B. Hussein O. elected.
First you say there is a
Tue, 07/15/2008 - 11:56 ET by goldbarFirst you say there is a "perception of a failing economy" and then in the same sentence you say that Obama will "wave his hand (if/when he gets into office) and the economy miraculously improves overnight". Which is it? How do you fix something when it's only "perceived" to be broken?
It's easy; just rewrite the
Tue, 07/15/2008 - 11:58 ET by robert108It's easy; just rewrite the propaganda.
How do you fix something
Tue, 07/15/2008 - 12:07 ET by Dan The Man 2How do you fix something when it's only "perceived" to be broken? That is easy, the MSM created the perception and they will change teh perception. Libs are led easily by emotions and perceptions, they drink deep of teh koolaid.
Nuke em til they glow then shoot em in the dark.
So gas at $4.50 a gallon is
Tue, 07/15/2008 - 12:22 ET by goldbarSo gas at $4.50 a gallon is just a perception created by the media. Record numbers of foreclosures is just perception created by the media. Bank failures, rising unemployment, rising cost of food, corporate welfare--I'm glad to hear these are all just figments of our imagination because if this were real, I'd be pissed!
Your words "perception of a
Tue, 07/15/2008 - 12:29 ET by Dan The Man 2Your words "perception of a failing economy" and that si exactly what it is. Times are tough, yes we have higher prices. At the moment the economy is doing well, it is growing. Some parts of teh country are harder hit than others. I was worse off in 1981 when I was fired because the oil market dropped.
The perception is we are in a recession because of the rising prices and the MSM, well we are not. Of course I dont expect you to understand perception of events and the reality of them.
Nuke em til they glow then shoot em in the dark.
Dems the ones that caused it!
Tue, 07/15/2008 - 12:31 ET by SouthJersey1953Goldenboy - Gas price went up 75 cents/gallon in the first six years of the Bush Presidency and >$1.75/gal since the Dems took control of Congress......
Regarding the housing trouble, financial institutions loaned money to people that they KNEW could not repay. They bet on the bubble not bursting. Why should we bail them out now?
The Dems forced ethanol on us (without thinking it through) and when food prices stated climbing because of the shortage of corn, they started screaming.....
We are in an economic slowdown (caused by Dem actions and inactions). The MSM talks cosntantly about the recession, but they need to look at the definition of a recession....
The Dems forced ethanol on
Tue, 07/15/2008 - 14:19 ET by goldbarThe Dems forced ethanol on us
No one forced ethanol on you. It's a free market. If you don't want it, don't buy it.
No one forced ethanol on
Tue, 07/15/2008 - 14:28 ET by DontFeedTheTrollsNo one forced ethanol on you. It's a free market. If you don't want it, don't buy it.
You are sadly uninformed, in certain areas of the country you can only buy gas with ethanol as an additive due to government regulations. If you cannot get the facts I would ask you to not vote in any elections.
D
Keep the ILLEGALS out, join NumbersUSA to send free faxes to your reps.
You need to move to a
Tue, 07/15/2008 - 14:48 ET by goldbarYou need to move to a different part of the country then.
→ golbar
Tue, 07/15/2008 - 14:54 ET by Cool ArrowRegardless of your home, Only a poverty rate income coupled with a barter system could save you from paying ethanlo subsidies.
I think it's accurate to say ethanol is forced on us.
LYDSEXICS UNTIE
goldie, ethanol is federaly
Tue, 07/15/2008 - 15:01 ET by bassndudegoldie, ethanol is federaly mandated for a percentage of gasoline produced. Ethanol is forced. You can buy ethanol free gas, but you pay more. The price is offset by the milage I get by not using ethanol. Ethanol will not give you the milage that gas will. For me that equates to 3 days driving. Almost 80 miles to the tank.
Save a SeAL, club a liberal!!
another classic from goldbar
Tue, 07/15/2008 - 15:16 ET by candanceNo one is forcing ethanol? So the whole ethanol mandate passed by Congress has nothing to do with forcing companies to produce it? And the huge amounts of corn wasted to fill the government quota is not driving up the cost of grain?
Please observe:
http://www.businessandmedia.org/articles/2008/20080404142937.aspx
rofpmsl. A straight up denial of an obvious fact about the government. Goldie, whatever credibility you had here is waning fast.
Your ignorance on this
Tue, 07/15/2008 - 19:23 ET by NL207Your ignorance on this subject is breathtaking. In 1994, your hero, Al Gore, cast the deciding, tie-breaking vote in the Senate on a measure enacted by the Democratic Congress and signed by the Democratic President mandating that all gasoline sold in America contain 10% ethanol.
You get to buy ethanol whether you like it or not, unless you plan to abandon all use of gasoline powered internal combustion engines.
Reality intrudes
Wed, 07/16/2008 - 05:08 ET by UnsaneSorry, plumbumbar, but going to, say, Schulenburg, TX routinely to fill up my truck is not an option.
Head on over to Houston and find for me a gas station that does not sell gasoline without ethanol. Hell, try going to neighboring counties to find one.
Nonetheless, it is quite amusing that a Socialist is lecturing the rest of us by saying "it's a free market". Not if YOU have anything to say about it.
Res tantum valet quantum vendi potest.
Your examples are not
Tue, 07/15/2008 - 12:33 ET by dvdaughtryYour examples are not symptoms of a struggling (insert proper adjective) economy. It's because of a liberal agenda pushed by a liberal media that makes situations seem worse than they really are.
Gas at $4.50 is a result of Liberal boneheads that will not explor for more energy.
Record forclosures are a result of people making poor decisions.
Rising unemployment? I call your bluff. Lets see your site to show that unemployment is a real issue.
Rising food is an indirect result of $4.50 gas because Liberal boneheads want to put corn in our gas tank instead of in our bellies.
You trying to say Jesus Christ can't hit a curveball?
Glodbar, there have always
Tue, 07/15/2008 - 12:44 ET by bassndudeGlodbar, there have always been and always will be bank failures. Of late, bank failures have been low. Only 3 banks failed from 05 to 07. There has never been another three-year period since 1934 when only 3 U.S. banks failed.
Save a SeAL, club a liberal!!
Gas is being pridced by a
Tue, 07/15/2008 - 13:09 ET by NL207Gas is being pridced by a market. Unless the government gets the H*ll out of the way and allows more production the price will only go higher.
Foreclosures are the result of increased loans made to marginally qualified buyers. These questionable, high risk loans were encouraged by government meddling in the mortgage market intended to encourage more "diverse" home ownership.
Unemployment has been basically flat for the last two years. fluctuating around 4.8 % +/- .4% Its still in the "full employment" window.
Bank failures are at an all time low since the government began tracking this number.
Food costs are rising because of government meddling in food markets coupled with government meddling in energy markets. Its called "biofuels", stupid.
Corporate welfare would not exist but for Government meddling in financial markets. See biofuels boondoggles above. See also alternative energy incentives and agri subsidies.
Thanks for making my case that truly conservative, strict constructionist government is the solution to all of these problems.
"So gas at $4.50 a gallon
Tue, 07/15/2008 - 14:52 ET by ckc1227"So gas at $4.50 a gallon is just a perception created by the media."
Umm, yes, it is. The average price of a gallon of gas is not $4.50. I paid $3.75 on Saturday. I also have a job(self- employed) and am in the process of hiring my first 2 employees, my bank is in no danger of failing, and my mortgage gets paid on time every month.
Well bully for you. Where
Tue, 07/15/2008 - 17:39 ET by goldbarWell bully for you. Where I live, gas is pure gas--no grain and is $4.50 a gallon for mid-octane level. I don't have a mortgage--paid it off during the hot stock market of the Clinton era. My bank isn't failing, but we're all not as lucky.
"Where I live, gas... is $4.50 a gallon...."
Tue, 07/15/2008 - 18:07 ET by Indiana JoeYou need to move to a different part of the country then.
Bubbles
Wed, 07/16/2008 - 05:12 ET by Unsaneduring the hot stock market of the Clinton era. Now, doubtless you have 11X16 portraits of Clinton in every room and wall of that house, but allow me to bring in reality. That "hot stock market" was what we in the real world call a BUBBLE.
In the meantime, the real hot stock market I benefitted from happened during the tenure of the EVIL Bush, but that was as much a coincidence as the bubble described above was.
Res tantum valet quantum vendi potest.
Surely you jest...
Tue, 07/15/2008 - 12:18 ET by ontheright...you did not get the jist of the paragraph?
Ok - let me slow this down a little for you.
First - The MSM is responsible for poor (at best) and false (at worse) reporting of the state of the US economy. This dove-tails exactly with the O. Hussein B. campaign's contention that we are in a recession, even though the facts state otherwise. This equates to the MSM doing whatever they can to get their Obamessiah elected. That should be abundantly clear to anyone who's been half awake and not under a rock for the last 8-12 months.
Second - If/when B. Hussein O. is elected and because the MSM reported poorly and/or falsely ad nauseam that the economy was in the tank all during the run up to the election, B. Hussein O., once in office can "wave his hand" and the economy will suddenly and miraculously be all better again (since the nasty Republicans aren't here to take credit). Translation = MSM will then cover the economy more factually and truthfully thus making their newly "elected" Dimocrat president look like the Obamessiah that they all believe he is.
Did that help any? Or should we slow it down to a "remedial" level so you can keep up?
The MSM is responsible for
Tue, 07/15/2008 - 12:48 ET by goldbarThe MSM is responsible for poor (at best) and false (at worse) reporting of the state of the US economy.
The MSM doesn't control the economy or set government policy. If your looking for a scapegoat for our current economy, look no further than the Whitehouse.
You gotta be kidding me...
Tue, 07/15/2008 - 13:09 ET by ontheright...where in my comment does it say that the MSM and/or media in general controls the media OR sets policy???????
Furthermore, if you believe the whitehouse and/or president has any real control over the economy you are a baffoon and an obvious product of the failed US government school system.
Good try though...have a nice life.
So when the MSM is
Tue, 07/15/2008 - 13:18 ET by goldbarSo when the MSM is reporting the high price of a barrel of oil, record number of foreclosures, bank failures, decline of the dollar and high food prices--you're saying none of these facts exist. You're saying the MSM is reporting something that isn't true. The conservatives like to doctor the reality to suit their propaganda.
If you believe the policies of the govenment have no impact on the economy, then you are the baffoon.
This is futile...
Tue, 07/15/2008 - 13:47 ET by ontheright...reasoning with an uneducated fool is the plight of the damned.
But I'll give it one more try there Goldbrick.
The reporting of facts is not what's in question here. Distorting the facts and conveniently leaving out important details, is.
The price of a barrel of oil is what it is. The number of foreclosures are what they are. Bank failures and whatever else may be happening in today's economy are real and can be substantiated by factual statistics. The facts and/or statistics when proplery and truthfully reported cannot be disputed; distorted, yes - but not disputed. When inflation is 3.5% and the MSM distorts facts to call it 4.25% then there is a distortion of facts to further the "bad news" cause. It happens every single day in the MSM. Pay attention and you can see it.
However, when the MSM and their unqualified minions try to paint the economy as if we were in a recession by repeating the very word R-E-C-E-S-S-I-O-N over and over, misquoting the business indicators to their benefit (bad economy) and generally reporting all bad and no good news, the MSM is falsifying the facts and therefore creating the news that furthers their agenda and not REPORTING the "real" news.
Don't get caught up in semantics. Read and comprehend what is written here and don't skew the meaning based on your distorted view/definition of reality.
Look up the definition of recession before you reply. It will save alot of time and effort.
Meant to say...
Tue, 07/15/2008 - 13:49 ET by ontheright..."controls the econmy OR sets policy"...
Scapegoats are by
Tue, 07/15/2008 - 13:12 ET by NL207Scapegoats are by definition, whipping boys. They are blamed in place of the truly guilty.
That you wish to blame George Bush as a scapegoat strongly indicates the problem lies elsewhere, most likely with your liberal friends in the Congress.
You're absolutely right.
Tue, 07/15/2008 - 13:22 ET by goldbarYou're absolutely right. My bad. The word I was reaching for was "imbecile".
You are right!
Tue, 07/15/2008 - 13:24 ET by ontherightEmbecile is exactly the right word!
Hopefully I won't have to explain this to you too.
Name calling!
Tue, 07/15/2008 - 14:35 ET by NL207Name calling! Excellent. I win.
NL paints another turkey silhouette on the side of his mount.
→ Scapegoat
Tue, 07/15/2008 - 14:03 ET by Cool ArrowJust an observation.
I wonder when the term "scapegoat" came to mean the opposite of its original definition?
LYDSEXICS UNTIE
*
Tue, 07/15/2008 - 18:19 ET by Indiana JoeProbably when "slow economic growth" came to mean "recession."
If your trying to say that
Tue, 07/15/2008 - 17:51 ET by goldbarIf your trying to say that the press is going easy on Barack Obama in order to get him elected you don't pay much attention to the media. The media has beaten down Obama at every turn. Just look what the New Yorker did to him just yesterday. The press beat him to death on being a muslim, then on being a radical Christian, he's been called a terrorist, I've never seen a candidate for president be criticized for so many things that have been fabricated. However, they do go easy on ol'man McCain.
what on earth?
Tue, 07/15/2008 - 17:59 ET by candanceThat sound you hear is my jaw hitting the floor. Surely no one can be that brainwashed, not even our friend goldie.
The media has beaten down Obama at every turn
Please cite examples from the mainstream media. Michelle Malkin's blog doesn't count.
Just look what the New Yorker did to him just yesterday.
The New Yorker was attempting some high brow satire and it backfired. Hardly what I'd call an attack, and certainly no worse than what gets said about Bush on a daily basis.
The press beat him to death on being a muslim
Who in the press has called him a Muslim? Examples please.
then on being a radical Christian,
Oh you mean the controversial sermons that the MSM ignored until Sean Hannity and Rush Limbaugh made an issue of them? And then when Obama gave his famous "my grandma is racist" speech the MSM compared him to JFK?
he's been called a terrorist
By who??
<SMACK!>
Tue, 07/15/2008 - 18:21 ET by Indiana JoeThe sound of my palm hitting my forehead.
Un-frickin'-real.
IJ and cd... goldie has
Tue, 07/15/2008 - 18:26 ET by bigtimerIJ and cd...
goldie has mental problems with reality...of any kind.
He's good little troll...
Just pat him on the head, give him some cookies and milk and send him to a sand box...say on the Sahara someplace.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
Good lord Joe......I have been reading the posts......
Tue, 07/15/2008 - 19:06 ET by BEGRUNTjust trying to get goldbricks logic or lack there of is giving me a migrane!!!
"If a man does his best, what else is there"?
General George S. Patton Jr.
Fear not, redbar, you are going to get your precious recession..
Tue, 07/15/2008 - 12:20 ET by R D Helm..just as soon as Barry-O jumps in there and raises taxes on "the wealthy."
I'm guessing at least eight-percent unemployment by this time next summer. Perhaps even ten.
Tax revenues will plummet, gas will be at around $6.00/gal, and inflation will be in the double digits.
Hey, but at least you and your lib friends can all stand around slapping each other on the back, exchanging high-fives and bragging about how Obama really "stuck it" to those eeeeevil rich people...while you are standing in line waiting to deposit your unemployment checks.
The truth is insensitive. - Neal Boortz
"..just as soon as Barry-O
Tue, 07/15/2008 - 13:11 ET by goldbar"..just as soon as Barry-O jumps in there and raises taxes on "the wealthy."
All you repubs have already put Obama in the Whitehouse. Don't you have a candidate? Tell me what John McCain will do to fix the economy.
Hey Goldbrick...
Tue, 07/15/2008 - 13:23 ET by ontheright...ever heard of Economy 101? Personally, I doubt you have, but I digress.
It has been proven time after time after time, when taxes are cut, lowered, repealed or otherwise minimized that the economy reacts accordingly and is typically booming shortly thereafter.
Whenever taxes are raised there is typically several months and most cases years of a stagnating economy...higher prices, less consumer confidence, falling dollar (far beyond what we see today btw) sky-high inflation, record unemployment (as opposed to that of today), etc. etc. etc. McCain has said on numerous occasions that he will cut taxes. Is this sinking in, at all?
You may want to take an Economy class or two before you come here and "spew your "wisdom"...however becoming you might believe it is to your liberal ideology, it removes all doubt that you are a fool.
You may want to take an
Tue, 07/15/2008 - 13:26 ET by goldbarYou may want to take an Economy class or two.
Tell that to your candidate who thinks can learn all about the economy by reading Alan Greenspan's book.
Bush lowered taxes and this is what we get. A rotten economy. But it's all just in our heads, right?
Flush...
Tue, 07/15/2008 - 13:40 ET by ontheright...is all I can say to your tired, tired liberal/dimocrat rhetoric.
Good luck with your BDS.
The economy is in sustained
Tue, 07/15/2008 - 14:32 ET by NL207The economy is in sustained growth mode right now. The only thing that might derail this is a tax increase. Of course, that is exactly what the Dems support.
"Bush lowered taxes and
Tue, 07/15/2008 - 14:41 ET by ckc1227"Bush lowered taxes and this is what we get. A rotten economy. But it's all just in our heads, right?"
Yes, the BDS is all in your head. It is definitely a mental disorder.
I remember Clinton left us with a pretty rotten economy too. One difference is he left us a real recession.
The economy doesn't need to
Tue, 07/15/2008 - 13:29 ET by robert108The economy doesn't need to be "fixed"; the govt needs to stop trying to rig it.
The government needs to quit
Tue, 07/15/2008 - 13:32 ET by goldbarThe government needs to quit running up the credit card and stop taking cash advances from China.
goldy, there are two books by Thomas Sowell you should read:
Tue, 07/15/2008 - 15:21 ET by R D HelmBasic Economics and Economis Facts and Fallacies.
These are two of the best books on economics I have ever read.
The truth is insensitive. - Neal Boortz
There seems to be...
Tue, 07/15/2008 - 15:40 ET by ontheright...a prevailing assumption that Goldbrick can read. Based on the exchanges I've had with him today I would question that premise vigorously.
Just my 2 cents.
Stupidity on parade from leadhead
Wed, 07/16/2008 - 05:19 ET by UnsaneThe government needs to quit running up the credit card and stop taking cash advances from China. This one sentence is proof positive of how much of an economic idiot you are.
You whine about the government running up the credit card yet you are a hardened Socialist.
And your populist shriek about China is ludicrous. Please explain how a nation with a GDP in the BILLIONS can loan to a nation whose GDP is in the TRILLIONS. That's like me loaning Bill Gates $10 K or so and then claiming I won his debt. Interestingly, I don't hear NOT A PEEP about Japan: and they own even more treausuries than China does, because Japan has a much larger economy than China does.
Res tantum valet quantum vendi potest.
goldy, I never said McCain would "fix" anything.
Tue, 07/15/2008 - 13:59 ET by R D HelmBut at least he isn't stupid enough (so far) to propose a massive tax increase during a weak economy. That makes about as much sense as pouring gasoline on a fire and hoping it goes out.
About eighty-percent of the new jobs currently being created in this country are coming from the small business sector of the economy, not big corporations. The owners of these enterprises are people who make incomes well in the range Obama is proposing to hit with higher taxes.
Most of these people file their personal and business taxes together. If they take a major tax hit, what do you think they are going to do? Pay themselves less money? Hardly. They will find other places to make up the difference. They will be looking for ways to cut expenses. Cutting lose a few employees is something nearly all will be considering.
Now, as for McCain, his proposed Cap-and-Trade garbage may be just as damaging to the economy as Obama's proposed tax increases at the end of he day, but not nearly as bad as Obama's tax increases coupled with Obama's own Cap-and Trade proposals, which I believe could very well send us into an economic depression in short order.
The best thing the government can do to "fix" the economy is to remove the restrictions on expoiting our own energy resouces here at home then basically get out of the way.
Of course, sharply lowering the insanely confiscatory 35% corporate tax rate (the second highest in the industrialized world) would do wonders for job creation in this country.
-But they better hurry, as foreign companies are buying up American companies right and left. Anheuser-Busch being just the latest addition to an ever lenthening list.
Oh, and pass the Fair Tax, as most people in this country would have to hide under a rock not to find a job.
Now you know why I am voting for Bob Barr. :-)
The truth is insensitive. - Neal Boortz
"...would do wonders for
Tue, 07/15/2008 - 14:03 ET by goldbar"...would do wonders for job creation in this country."
Don't you mean so corporations can create more jobs overseas like in China, South America and the Mariana Islands? Real good patriots these corporations are. Hire overseas labor instead of Americans and then move their operations to other countries so they don't have to pay taxes.
"Hire overseas labor
Tue, 07/15/2008 - 14:35 ET by ckc1227"Hire overseas labor instead of Americans and then move their operations to other countries so they don't have to pay taxes. "
Maybe if we didn't have the second highest corporate tax rate in the world, they wouldn't be moving to other countries. Just a guess though.
The new corporate policy is
Tue, 07/15/2008 - 14:46 ET by goldbarThe new corporate policy is to privatize profits, socialize losses. Just ask Bear Stearns.
goldie, what do you mean?
Tue, 07/15/2008 - 15:10 ET by bassndudegoldie, what do you mean? JP Morgan bought Bear. The feds did not bail Stearns out. JP Morgan merged Bear Stearns with JP Morgan. Did you understand that, or did I use words that are to big for you....again?
Save a SeAL, club a liberal!!
→ Morgan/Bear
Tue, 07/15/2008 - 15:13 ET by Cool ArrowI could be mistaken, but didn't the FED underwrite the merger with a safety net limiting the risk to which Morgan is open?
LYDSEXICS UNTIE
I think the feds just
Tue, 07/15/2008 - 15:17 ET by bassndudeI think the feds just streamlined the normal procedures so that it could happen pretty fast. Normaly such a thing takes a year or so and has to be ok'ed by the feds.
Save a SeAL, club a liberal!!
→ Between the lines
Tue, 07/15/2008 - 18:04 ET by Cool ArrowJPMorgan had been balking at the deal in the absence of guarantees from the Federal Reserve that its liabilities would be limited- NYT
In the bank world, this means a little more than "Pretty, please?"
LYDSEXICS UNTIE
goldy, LOL-you are a liberal politicians dream come true!
Tue, 07/15/2008 - 15:09 ET by R D HelmDon't you mean so corporations can create more jobs overseas like in China, South America and the Mariana Islands?
Those are exactly the jobs I was referring to. Want to know why all those jobs are being created overseas?
Because of the 35% corporate tax rate I mentioned previously.
There is right now (depending on whose numbers you believe) somewhere between $12 and 14 trillion being held off-shore by American corporations. That money is going to stay out of this country as long as the government is going to tax it @ 35% as soon as it comes back here.
Most of that money, which could be used to generate jobs here, has already been taxed once. Who can really blame them for keeping it away from the money-grubbers in Washington.
I certainly can't.
Those corporations have a responsibility to their stock holders (you know, retired teachers, grandmothers, firefighters, etc.) to earn them the most money possible. Making a move that would take away 35% of their investor's money would be really, really stupid.
BTW, the Fair Tax would do away with that hideous 35% rate once and for all. Until that happens, that money is going to be kept away from our government.
Far away.
The truth is insensitive. - Neal Boortz
didn't you know RD?
Tue, 07/15/2008 - 15:38 ET by candanceBarack Obama has a plan to fix this and bring all those jobs back. It'll go something like this....
Obama: Listen here Mr CEO, I have a proposition for your company.
CEO: Lay it on me.
Obama: Americans don't like you sending jobs overseas so from now on you have to hire more Americans.
CEO: Um. Okay. But workers are cheaper to get overseas.
Obama. Yeah, speaking of that, Americans are tired of minimum wage being too low. So when you bring those jobs back here, you'll have to pay them all ten bucks an hour.
CEO: What? You're raising my payroll budget by tenfold overnight?
Obama: You're rich enough to cover it. You'll be all right.
CEO: But what about investors, stock holders, folks who depend on our profit margin to fill their IRAs?
Obama: You'll just have to take a smaller salary for the difference.
CEO: But you don't understand. No matter my salary, if our profit margin shrinks we'll lose investors for new products.
Obama: Oh, speaking of new products, I forgot to mention you'll be required to store all the CO2 you create and invest in greener machines for your factory.
CEO: That's insane. We don't have that kind of capital without taking from our share holders.
Obama: Well you better find that money somewhere.
CEO: But we don't even have the technology to do that!
Obama: Then I suggest you start inventing things.
CEO: That's not fair! You can't force us to do something impossible!
Obama: Okay, we'll cut you a break, until you find a way to do it we'll just tax you a penance for your sins.
CEO: Taxing us for something we can't even stop? That's not fair either! We insist you repeal these taxes at least until we're able to prevent it.
Obama: No sweetie, that's called corporate welfare and that's not how we roll.
CEO: So basically, you're forcing us to start paying more in our payroll budget, more taxes, more for environment mandates, and all the while we're expected to keep contributing the same to our shareholders?
Obama: Um yeah, that's pretty much it.
CEO: And what benefit will we get from this?
Obama: The pride of helping a plucky young president?
CEO: Just a sec.
*whips out cellphone and dials quickly*
CEO: Hello Slovakia? Yes, it's the CEO of Acme. How'd you like to give us a building for our new headquarters?
candance, that is ROF funny.
Tue, 07/15/2008 - 15:49 ET by R D HelmAnd probably closer to the truth than many realize. :-O
The truth is insensitive. - Neal Boortz
golddud, High taxes, fees and fines have CHASED 'em away
Tue, 07/15/2008 - 15:08 ET by upcountrywaterYea it's still legal to move overseas... Til your buddie NObama gets installed.
Liberals62%
IranianUranium
Yet another populist shriek
Wed, 07/16/2008 - 16:04 ET by UnsaneAnd missing from this populist shriek is the fact that corporations outsource TO the United States ALL THE TIME. The Toyota Tundra isn't made in Japan: it is made in San Antonio. Many a BMW on the road here in America come from SC. Airbuses are built in AL.
Many European corporations are outsourcing to the United States because it is cheaper to hire here rather than at Europe, where the freedom to hire and fire at will for all intents and purposes does not exist. That, and the labor costs there are greater. (And France wonders why they have chronic 8-10% unemployment and has had this for a quarter century...)
But thanks for showing yet again that you are a economics idiot!
"Now I am become Death, the destroyer of worlds." - from the Bhagavad Gita, quoted by J. Robert Oppenheimer at 0530 MST on 16 July 1945
"...during a weak
Tue, 07/15/2008 - 14:38 ET by goldbar"...during a weak economy."
I thought the weak economy was just a product of the MSM.
GO BOB BARR!
Broken record, Broken record, Broken record,
Tue, 07/15/2008 - 14:44 ET by general companyduring a weak economy."
Amazing how you can pick this out of all of these post, but nothing else
"Television is a freak show" Bernie Goldberg
The Unfair Tax
Wed, 07/16/2008 - 05:23 ET by UnsaneOne, if you HAVE to call your tax proposal "fair", there is a 99.9999999999% chance that it is NOT fair (and sales taxes are among the most regressive taxes of all).
Two, you think there will be a job boom when the Unfair Tax is passed? Not when my tax rate, along with millions of other people in TX, goes from 8.25% to 31%. I will react by slamming my wallet shut. When that happens, and millions of others do the same, there won't be many jobs to be had.
Res tantum valet quantum vendi potest.
→ Goldbar
Tue, 07/15/2008 - 15:05 ET by Cool ArrowTell me what John McCain will do to fix the economy.
Your question is moot. We'll never know.
I've gotta hand it to the Dems. They wanted a true Democrat,and that's exactly what they nominated.
On the other hand, the Republicans have no traditional candidate.
LYDSEXICS UNTIE
Like John McCain says: Its
Tue, 07/15/2008 - 13:37 ET by DontFeedTheTrollsLike John McCain says: Its all in our heads.
How does a troll work? First. tell a lie (see above), then, when called on it with the truth, don't admit you were wrong, then make a silly or false accusation as a distraction.
D
Keep the ILLEGALS out, join NumbersUSA to send free faxes to your reps.
Phil Gramm is John McCain's
Tue, 07/15/2008 - 14:06 ET by goldbarPhil Gramm is John McCain's proxy. He sat in Gramm's pew for twenty years so it was as good as him saying it.
I thought Phill Gramm was
Tue, 07/15/2008 - 14:28 ET by Roger the ShrubberI thought Phill Gramm was the lead singer for Foreigner?
→ Bill Gramm
Tue, 07/15/2008 - 14:34 ET by Cool ArrowNo, he owned the Fillmores, didn't he?
LYDSEXICS UNTIE
He actually is a Foreigner
Tue, 07/15/2008 - 14:40 ET by goldbarHe actually is a Foreigner and not born in this country.
Actually...
Tue, 07/15/2008 - 15:52 ET by ontheright...you're wrong again. Your mindless postings are very entertaining but are quickly becoming tiresome. At the very least you could use google to augment your government school indoctrination...er...education.
Phil Gramm was born in Fort Benning, Georgia in 1942.
http://bioguide.congress.gov/scripts/biodisplay.pl?index=g000365
Another good try though.
Oh, man!
Tue, 07/15/2008 - 18:30 ET by Indiana JoeI haven't had this many free laughs in a long time!
You go, goldie!
Actually, that was Lou. ;-)
Tue, 07/15/2008 - 15:57 ET by MassConservActually, that was Lou. ;-)
Help me out here
Tue, 07/15/2008 - 11:13 ET by IgnatzJFahrquarExactly when will "The first one hundred days" start?
"All generalizations are false, including this one.” Mark Twain
excellent point
Tue, 07/15/2008 - 11:55 ET by SouthJersey1953I have been wondering the same thing. Queen Pelosi said they would fix everything (including gas prices) well over a year ago. Obviously we missunderstood when she said first hundred days. We assumed the clock started at the beginning of the congressional...silly us, when will we learn?
fixing gas prices
Tue, 07/15/2008 - 12:14 ET by AgnosticYou understood the 100 days right but you misunderstood what she meant by "fix" when it came to gas prices. What scares me more than Senator Obama is if he is as gullable as it seems than Speaker Pelosi will end up running the country by default - unless Senator Clinton somehow grabs VP then Pelosi is toast.
Chucky, the devil
Tue, 07/15/2008 - 11:25 ET by iveseenitallChucky Schumer helped cause the IndyMac bank run. Of course, like all good "liberal" Democrats, he denied his hand in the debacle. Dems will do anything to hurt our president, even to the point of destroying the nation's banks. Cry treason!
NEVER,NEVER trust a "liberal"
Of course the Libs answer
Tue, 07/15/2008 - 11:26 ET by IgnatzJFahrquarOf course the Libs answer with "the bank was in trouble anyways and Schumer didn't say anything new."
Guess "straw that broke the camel's back" has no meaning to them.
(Oops, can I say camel??? Hope CAIR doesn't see that)
"All generalizations are false, including this one.” Mark Twain
Well, I guess I'm a form of "lib," but
Tue, 07/15/2008 - 11:32 ET by sarcasmoSee here. Chuck may be a horse's ass, but he said nothing false and nothing new about a poorly managed bank (of course, he called it "poorly regulated," but that's just politics). A Republican/other politician who senses a government bailout for a poorly run business under the administration of a Democrat President would have the same right to say the same kind of thing, whether or not saying it allegedly made it come true, or -- more-likely IMO -- just come-true earlier...This bank was poorly managed, or they wouldn't have failed regardless of what some gasbag says.
JMR
The tax & spend drug war looks racist in the real world.
I agree to the extent...
Tue, 07/15/2008 - 12:03 ET by ontheright...that a politician can say what he/she wishes as long as they don't direct their comments toward an isolated and targeted audience with the intention of swaying opinions, policy and/or decisions. The intent of Schumer's supposed "benign comment" can and should definitely be questioned.
Also, I have googled "schumer's indymac comments" and have yet to find any link to his original statement. All that I could find were links to articles and/or reports where he "defends" his statement/comments. That makes this whole scenario questionable at best. Either the media was complicit in suppressing the news and did not report the orginial story beyond the isolated target audience, or it wasn't until the new media caught up to and brought this to light did it get the deserved coverage. Either way, DEMS/MSM = complicit; IMHO.
Other proof to me is that I did not hear one word about this prior to the uproar over the weekend (found it on Drudge); which further convinces me that this was an isolated and targeted story.
IndyMac isn't alone
Tue, 07/15/2008 - 12:33 ET by sarcasmoAnd Schumer could have said that in his letter, but I don't blame ABC News for saying other banks are looking shaky, too. A variety of poorly-run banks need to either fail or perhaps get a socialist bailout, it seems.
JMR
The tax & spend drug war looks racist in the real world.
Fear
Tue, 07/15/2008 - 11:37 ET by JDWSchumer wrote a 'letter of concern' about IndyMac's viability prompting the IndyMac depositors to withdrawal over $1 billion.
The total closures amounted to less than 100. The S&L bailout in the 80's was over a thousand.
JDW
SAPPY NEWS
DAILY WAVE
A troubled non-small bank
Tue, 07/15/2008 - 11:27 ET by sarcasmoCiti has already been reinforced by a socialist bailout for what should have been a bank failure once in my lifetime, and it looks like they're headed for #2. A Drudge-link today says Citibank & various other banks are keeping 2 different sets of books for "exotic" things like CDOs. IMO that means trouble for an entity that has already been declared "too big to fail" in an era of increasingly-obvious socialism, which is naturally leading to even more dollar inflation. At a bare minimum, assuming any of these troubled banks survive, various troubled banks are likely to be facing big shareholder lawsuits even if they're bailed-out, IMO.
JMR
The tax & spend drug war looks racist in the real world.
SOBama
Tue, 07/15/2008 - 11:32 ET by Delsais speaking and he is talking about the Tahahh lee bahn and Pahaa key stahan
He is an empty suited prick.
He must NEVER be President of these United States
He is such an dunce. He is saying we are not leaving now that violence is down? What?
We leave when the War is WON
More of his logic
Tue, 07/15/2008 - 12:03 ET by TjexciteWhen we leave we will win
So when the Soviets left they won in Afghanistan, Saddam won in Kuwait when he left and the US won in Vietnam when they left. All because they left not because of the outcomes. Now if the left will leave we will be okay.
Audacity and Arrogance
Tue, 07/15/2008 - 12:32 ET by Gat New YorkI think his timing was very bad, because he did this before going to Iraq and Afghanistan where he could have at least given the impression that he was listening to the people there.
But his speech was as if no progress has taken place, the surge has had no positive results, and no attempts at diplomatic efforts have been undertaken. He also ignores the fact that none of the 9/11 attackers were Afghans or Pakistanis - they were all Arabs. So the Middle East has been and will continue to be the central front of this war.
He treats us as if we were still back in 2003 and the only reason anything positive will happen is because he has shown up and will tell everyone, including the generals, how to fight a war.
Got to do something
Tue, 07/15/2008 - 11:34 ET by 10ksnookerDrive bys disparately trying to change the focus from the energy supply problem and drilling ... Most people know the problem with the economy is an energy supply shortage.
Fannie Mae and Freddie Mac are just the Enron's of the mortagage business with a twist, they use their "cookie jar accounting" to fake their books and fund leftist causes, a two-fer. When the mortgage collapse started in the scandals of 2004, the drive bys just drove by, no coverage is good coverage. Government thought ADDI 2003 would pump new money into the Enrons, filling the gaps, restocking the cookie jar. Well it didn't. The mortgage clientel that ADDI pumped in had a flaw, they weren't credit worthy. For a while it worked ... like flipping, it works for a while, then everyone knows the scam.
The government forced mortgages to be made without credit chacks, income checks, citizenship checks and other important information regarding applicant's ability to repay -- And now we have a problem which requires government bailout of the government caused problem, which forces a bailout, I'm getting dizzy.
You want to know the full scoop on the mortgage mess, it's called ADDI 2003, which took effect in 2004. And what does ADDI stand for, American Dream Downpayment Initittive. Like most things government, it spells disastor for the tax-payers.
The dollar implosion is caused by the self inflicted energy crisis, $700 billion a year in oil payments to terrorist states is just stupid.
Disagree on some points...
Tue, 07/15/2008 - 11:51 ET by c5thenThe Gov did not 'force' mortgages to be made without credit checks, they simply allowed that to happen when they deregulated the mortgage industry a number of years ago. It's a risk that the individual banks had to deal with themselves. Now we are bailing out banks that bought these risky mortgages knowing the risky bet they were making. I wish the government would bail me out when I make stupid bets in Las Vegas.
As for the energy supply issue...15 years ago we were told that the oil was being supplied at 97% capacity (peak oil). Since then demand has increased by 25% and we are told that the oil supply is at 98% capacity, yet very little capacity has been added in that time frame and Iraq has been off line for the last couple of years (just coming back to where it was in the late 90's). How in the world did the extra demand get filled??!!!
The day that "politician" became a career choice is the day we started losing the Republic. Let's get it back! Alan Keyes '08.
OK ... semantics
Tue, 07/15/2008 - 12:09 ET by 10ksnookerLet me explain -- You don't have to 'force', you just make it so you get the lowest common denominator. In essence, government, via ADDI 2003, forced a competitive factor, 'you don't have to have credit checks or income checks or citizen checks' to get mortgages. So who is not going to compete with that? Freedie Mac and Fannie Mae, the Enrons of mortgages, they set the pace, others follow.
With Freddie Mac and Fannie Mae leading the pack, I say 'forced' -- S&Ls and Banks follow the rules, blindly. It's undeniable what the end effect of ADDI 2003 had on the mortgage industry, and what the tax-payer will have to do about it.
The leftist have pushing peak oil ever since Jimmy Carter declared the world would be out of oil by the year 2000. The leftists hoped to make it so by preventing drilling, refineries and nuclear power. Their pals, the environmental Marxist were supposed to make it so with lawsuits and obstructing everything energy. Nuclear power removes some demands on conventional fossil fuels, so that had to be shut down with the Three Mile Island scaremongering. Doing so, put all the focus on dwindling fossil fuel sources.
The Arctic is said to have about 25% of all oil on Earth. The Russians are keenly aware of that, so are we, didn't we just list the polar bear as endangered.
The FED is supposed to have this covered already
Tue, 07/15/2008 - 11:40 ET by c5thenIt's the primary reason for their existence acording to the 'Federal Reserve Act' which created them in the first place. Why is the Federal Reserve not 'bailing out' these banks as they are supposed to do? The whole reason for creating the FED was to prevent any future bank failures by having a 'Central Bank' that they all are members of, who would be the 'lender of last resort'. So now we have a 'FED' and we are still using taxpayer money to bail out failing banks. It seems that the only function of the FED now is to issue our fiat money, collect the interest on the bonds that they buy to issue that money, and set the interest rate that they will use to lend money to their member banks. In other words, they are useless. They aren't even defending the Dollar as they are mandated to do, because they think that a weak Dollar is better.
The day that "politician" became a career choice is the day we started losing the Republic. Let's get it back! Alan Keyes '08.
and what about FDIC?
Tue, 07/15/2008 - 11:46 ET by TruthMongerand what about FDIC? $100,000 insurance per account?
Seems that IndyMac was
Tue, 07/15/2008 - 12:10 ET by ckc1227Seems that IndyMac was actually giving home loans to people without jobs, no income, etc, yet now we're supposed to be shocked that they need saving, lol.
Seriously, what are these banks thinking?
Global warming may increase kidney stones
Tue, 07/15/2008 - 12:19 ET by SouthJersey1953EVERYTHING is caused by global warming...
More Americans are likely to suffer from kidney stones in the coming years as a result of global warming, according to researchers at the University of Texas.
Austin strikes again
Wed, 07/16/2008 - 16:07 ET by UnsaneResearchers at the University of Texas at AUSTIN came up with this???
You may have to send someone over here to peel me off the floor...
"Now I am become Death, the destroyer of worlds." - from the Bhagavad Gita, quoted by J. Robert Oppenheimer at 0530 MST on 16 July 1945
No News is Good News, but not for MSM - Good News is No News
Tue, 07/15/2008 - 13:18 ET by PSPCplThe MSM is built on the premise that the only news worth reporting is bad news. They take great delight in reporting upon the horrendous, the hideous, and the grotesque. They will go out of their way to report this if it directly involves the Right or someone on the Right. They will work very hard to link it to the Right or someone on the right no matter how little evidence there is to show that linkage. They will work very hard to make a mountain out of a molehill if it suits their purpose (sell their media and support the hand in their sock puppet masters, the DNC). And anyone who doesn't believe this is either trying to breath through the sand or shouldn't be allowed to handle sharp objects.
A simple question
Tue, 07/15/2008 - 14:42 ET by 10ksnookerIf we are to assume that Congress cares for the American people of the US, their well being, their future -- Why is it that the Congress is not doing all it can to lower the price of gasoline?
IT'S A GENE!!!!
Tue, 07/15/2008 - 14:59 ET by GothampcA gene has been found to explain why young men in rough neighborhoods (read: non-white) turn to a life of crime.
THANK GOD, it's a GENE and we don't have to talk anymore about raising children with morals and complete family structures including a present mother and father. It's a GENE, so we don't have to take responsibility. It's a GENE, they can't help being born criminals.
http://news.yahoo.com/s/nm/20080714/hl_nm/delinquents_genes_dc
→ Gotham
Tue, 07/15/2008 - 15:08 ET by Cool ArrowCan this gene be controlled with Ritalin, or do Crack and Ice still offer the most promise?
LYDSEXICS UNTIE
The Gene
Tue, 07/15/2008 - 16:46 ET by GothampcI used to suffer from the rowdy "gene". What cured my rowdy "gene" was my father using a Sears black leather belt on my behind. Even in the most stubborn cases, the disease is healed after two, at most three, administerings of the medicine. Side effects include pain when sitting down.
I can't wait to see what Dr.
Tue, 07/15/2008 - 16:36 ET by ricklailI can't wait to see what Dr. Thomas Sowell has to say about this. He tells all the poverty pimps that crime breeds poverty not the other way around that he pimps push.
Be kind to your kids. They'll be choosing your nursing home.
CNN
Tue, 07/15/2008 - 15:00 ET by jaywlI am sure this topic will be covered elsewhere in some fashion. However, I just watched a real gagger on CNN. Around 2PM on CNN's Newshour they presented a story on the poor detainee in Gitmo who killed an American soldier with a hand grenade in Afghanistan. His lawyers released a tape of the boy, aged 16 years when jihading, being interrogated by the Canadians. The CNN reporter said this: "This tape does not show any threats from US officials, doesn't show Omar Kadar being tortured or mistreated. (At this point I knew a big BUT was coming) But he was very young and clearly very distraught, he is shown uncontrollably crying on the tape, showing his interrogator his battle wounds and insisting that no one cares for him." I found it hard to control myself. Poor little terrorist! So young, crying, distraught. BUT! Old enough to kill our guys. Foxnews showed a more balanced report on this tape, including a Heritage Foundation comment on the purpose of releasing the tape. They had no drivel on the littlest terrorist.
BTW, Fox also showed an interview with Diane Feinstein on oil prices and such. Between her and Barbara Boxer I don't know who is more of a dumbass. She said, twice, that demand for gas in this country is down over the past six months, but the price is up. Ignoring worldwide demand and everything else that influences prices, she said "something else is going on" and demanded investigations (of everyone, everything?) I think they have beaten to death the story of the 68 millions acres Exxon has hidden, they can't find the right speculators (that might include union pension funds!), so they have been reduced to a very non-specific, aspersion-casting phrase of pathologist Dr. Henry Lee: Something wrong
jaywl...I heard about
Tue, 07/15/2008 - 15:17 ET by bigtimerjaywl...
I heard about the brilliance from Difi...her and Boxer alike are the problem..not the solution...along with a heck of a lot of others of course.
I also saw the report you were talking about regarding the little terrorist...on CNN or msnbc this morning...I was furious with the way the reported it...he is a killer, he killed our man...he deserves death as far as I am concerned, he sure doesn't need to be defended, real torture would be nice for these creatures in my opinion...but that's just me.
to top this off, like you say this is via Canada, showing the Canadians interrogated the poor soul....blah blah blah...
"America isn't the problem...America is the solution." ~ Rush Limbaugh
investigate - Dems only answer
Tue, 07/15/2008 - 15:27 ET by SouthJersey1953no matter the problem, the only solution the Dems ever have is "investigate" No wonder Congress isn't getting anything done (except running investigations) and why their approval rating is 9% and falling.....
How bad can it be?
Tue, 07/15/2008 - 15:32 ET by ChaitealoverFirst the MSM tells us how terrible the economy is, and in the next breath they tell us that Apple sold over 1 million of the new iPhones in 3 days, at $200 or $300 each! While the phones were sold in 21 countries, it's easy to see by the long lines shown on the MSM reports that a great many people in this country could afford to spend that kind of money on a phone. A PHONE! Yeah, I know it does other stuff, but it's still not a necessity like food or a roof over their heads. How bad off can the economy be if that many people can spend that much money on a gadget?
Chai
Is GM on the way out? Will
Tue, 07/15/2008 - 16:47 ET by ricklailIs GM on the way out? Will we have to bail them out like we did Chrysler? I love NASCAR as much as anybody from the South but if they are in such finical straights why do they continue to pump dollars into it? Growing up the adage was win on Sunday and sell on Monday was true but not anymore. Let's face it at one time NASCAR did a lot of development on engines and aerodynamics. Nobody wants a small block V8 and the bodies are pretty much the same.
Be kind to your kids. They'll be choosing your nursing home.
→ GM losing it
Tue, 07/15/2008 - 17:05 ET by Cool ArrowI think so, rick.
Too many econmic forces restrict them from being competitive. And from a personal perspective, I'm going to rely on quality and ruggedness.
If an automobile that will still run tight after 250,000 miles is available, I'm not willing to pay same price for one that rattles and chugs after 150,000.
LYDSEXICS UNTIE
Expect Another Check
Tue, 07/15/2008 - 17:15 ET by GothampcDemocrats can't repeal gas tax for the summer, but they can hand out $600 checks again?
http://www.bloomberg.com/apps/news?pid=20601087&sid=a5P_x5HfhQA0&refer=worldwide
of course gotham
Tue, 07/15/2008 - 17:29 ET by candanceThe plan is to get people hooked on expecting a government check every six months. Then like a drug addict, they'll begin to demand it even if that means taking it from their wealthier neighbors. This is the very essense of communism: forcibly taking money from one group to hand it out to another.
William Arkin needs to be
Tue, 07/15/2008 - 17:39 ET by ConservativeRexWilliam Arkin needs to be strung up. The sooner the better.
LT/COL Peterson
Tue, 07/15/2008 - 17:40 ET by ricklailI hope some of you got to see Lt/Col Peterson on FOX just a bit ago. He was asked about the 16 year terrorist. He said heshould never have been in Gitmo. He should have been killed on the spot. In his opinion there should only have been 7 detainees at Gitmo. The rest should have bee wasted on the battlefield.
He went on to say that Obama was NUTS about his Irag/Afganistan/Pakistan policy. Didn't one other great military leader, Gen. McAluffe (?), call the German commander at Bastonge NUTS?
Be kind to your kids. They'll be choosing your nursing home.
Wastin'
Tue, 07/15/2008 - 18:03 ET by jaywlTrust me, for every a-hole that gets released and is found later on the battlefield, is afforded celebrity status, or creates a mockery of our court system (next year in the Obama administration) there will be one or a number of terrorists having their cases disposed of in the field.
Pelosi thinking about another round of "Stimulus Checks"
Tue, 07/15/2008 - 18:11 ET by SlasherWhen will the Queen and her democratic mental midgets come up with something other than a band-aid? You promised us two years ago that you would fix everything. All you Demos have done is screw things up further!
HOW SICK!
CNN.com
Tue, 07/15/2008 - 21:50 ET by CapitalismRulesHas anyone checked out the latest crap headline on CNN.com, please do now, you will get a HUGE laugh.
Why I am moving out of the Bay Area
Tue, 07/15/2008 - 23:55 ET by maryerinhttp://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2008/07/11/notes071108....
The big print giveth, and the fine print taketh away.
Fulton
J. Sheen
People here are guaranteed to HATE this article...
Wed, 07/16/2008 - 06:09 ET by sarcasmoBut you probably should read it anyway. And be thankful that at least so far, the 3rd party options are more tempting to a doorstep-babe like me than Obama is. And before you get to the outrage I'm sure I'll see if there are comments, try to see the moral of the story. That moral might sound something like: "Ignoring libertarians entirely is crappy politics."
JMR
The tax & spend drug war looks racist in the real world.
Not really
Wed, 07/16/2008 - 07:07 ET by expatriotSarc,
This is another one of the lefts articles that is trying to lionize Obambi. Ok, they list some "conservatives" as being willing to take a "serious" look at the messiah. I am chalking this article up the same as I would the NYT or the Wapo. Your point about "Ignoring libertarians entirely is crappy politics" is taken. As a devout conservative I see the problem being that Juannie Mac is ignoring both the conservative base and the libertarians. He is betting on the wishy washy I'm not sure what I want or believe in crowd. He is just not able to package his message the same as Obambi. Thanks for the link.
So what about the thread topic?
Wed, 07/16/2008 - 07:09 ET by expatriotSarc,
So what do you think about the banking mess?
The same thing I've always thought
Wed, 07/16/2008 - 07:25 ET by sarcasmoSaying things like "I told you so about inflation" makes me very unpopular, even if we all know it's Gospel truth. I think it's funny that conservatives want to blame Schumer for basically telling the truth about a poorly run bank, but I agree with conservatives that it's not just IndyMac that's very poorly run, so taxpayers might rescue crappily-run banks like Citi twice in my lifetime.
I think regulatory authorities have spent the past few years stupidly attacking various forms of privately-issued honest money with entirely BS-based legal cases instead of actually doing their jobs against all this dishonesty we now see because of politics. I think the media's doing a crappy job of covering the issues for the same reason -- politics (mixed with some laziness, but the politics is definitely there in those bogus legal cases!).
Nothing's changed, IOW. I'm pretty boring, because I say the same things, over & over, and we've now gone down the slippery slope of socialism, so I'm very worried for the country. The good news, if it can be called that, is that after this weekend a lot more people are gonna know about: this graph.
JMR
The tax & spend drug war looks racist in the real world.
Education is definitely lacking
Wed, 07/16/2008 - 07:47 ET by expatriotSarc,
No argument for your base premise here. When you talk about the banks being bailed out and yes I have been through the same bailouts that you have and if you look back far enough you recall that there was a time that the banks were allowed to fail. IMHO todays Americans are woefully uneducated. They know useless "facts" that are repeated incessantly and come to believe them. Mostly anti America "facts".
Right now we are in a downturn economically. I will not try to argue that we are not. The important part of the equation is the lemmings we call the average American who is "informed" by the MSM are easily scared into irrational acts. Look at the mess Chucky helped to cause in CA. He is not the only reason for the debacle but he sure did help with the assistance of the alphabet news agencies. Same problem in the United Kingdom that was handled a lot better than we handled our problem. Northern Rock did not have the run that we see today.
In a nut shell, Americans are uninformed, uneducated and expect the government to do everything for them. Not all, but the ones you see making the money run in CA and their like in other states.
Now I am become Death, the destroyer of worlds.
Wed, 07/16/2008 - 06:26 ET by UnsaneBe sure to put out your flags in about one hour. At 0530 MST. P#!s off the Leftists.
"We knew the world would not be the same. Some laughed. Some cried. Most were silent. I remembered a verse from the Hindu scripture, the Bhagavad Gita. Vishnu was trying to convince the prince that he should do his duty, so to impress him, he changed into his multi-armed form and said:
'Now I am become Death, the destroyer of worlds.'
"I suppose we all felt that way, one way or another."
- J. Robert Oppenheimer on the Trinity test on 16 July 1945, as told at the end of the documentary The Day After Trinity (1980)