Does the Bush administration's new approach to the economic crisis make you feel more confident?
The impatience over signs of a recovery on display during the past two weeks is really mind-boggling. It's as though the house is in flames, someone hands the fire marshall a glass of water, and everyone screams, "IS IT OUT YET??!!"
Cheese and Rice, people! reflexive anti-government, anti-regulation Republican fiscal policies, rampant speculative greed, irresponsible lending practices, and debt addiction didn't sink the economy overnight -this has been coming for over two years. It's going to take at least that long to see anything resembling investor confidence on the rise. They haven't even decided yet how to spend the billions they were just given.
#1 - Mon Oct 13, 2008 1:30 PM EDTSeems that you guys are intelligent.
Stop Missing the Point. Before someone says,"Conspiracy", nope, well executed Plans.
This is about: Corporate Board Member ownage of Corporate America!!!
Politicians owned by lobbists = Lawmakers, Justice Department, US Military, etc..
You, unless you are unemployed.
You DO NOT make these people angry:
Delaware: Freddie Mac, Fanny Mae, Bank of America, Wilmington Trust, First USA / Bank One / JPMorgan Chase, AIG, Citigroup, Deutsche Bank, Barclays plc, GM, Chrysler, Wachovia, ExxonMobil, Chevron, ISDA, and those States with Corporations Incorporated at Delaware.
Especially, ISDA. The People that brought you: the 60 to 100 Trillion USD (it is not 700 Billion USD US Economic Crisis) Global Economic Crisis. These people will be back for more just like GM, Ford, Chysler, September 2008, 25 Billion, 1970s, 1980s, 1990s, 2000s, to milk the cash cow. updated add: AIG, Billions USD. The 60 to 100 Trillion USD does not include the usary interest protected by the Delaware Court of Chancery.
Also you think your "popular" vote means something? You are sadly mistaken. Example: President Bush and Florida chit thing. The Electorial College has already sold out their votes. That is why I am going to tear up this absentee ballot, I know I am and have been literally fighting for the right to vote, but I am not stupid enough to really think (believe bs) that a "popular" vote means squat based on recent History.
Who did the Majority of Electorial Colleges already sell out their souls to? The person that claims to have bailed out NY, NJ, CT, DE, PA, NC, MI, FL, IL, and other States with Corporations incorporated at Delaware. Soon the Electorial Colleges will declare the President and Vice President no matter who you vote for. Look it up for yourself if you do really believe what you say is true. Pull out your heart medicine, or high blood pressure medicine, maybe drugs, so that when you find out the truth, you will need them.
Just some sources to look at
wikipedia, Electorial College United States
wikipedia, Delaware, Economy
wikipedia, Illinois, Economy
wikipedia, Ethanol Fuel in Brazil
wikipedia, Arizona
wikipedia, Alaska
wikipedia, Joseph Biden
wikipedia, Barack Obama
wikipedia, John McCain
wikipedia, Sarah Palin
search "isda""International Swaps and Derrivatives Association, Inc" Incorporated and protected by Delaware.
from the above look at their references, sources, footnotes, then look them up and read them, I did this pre election for the nonbiased facts.
It's been coming for far longer than 2 years! VOTE THE REPUBLICANS OUT - NOW!
I don't mean to burst your bubble-----Wikipedia is not considered a credible source. Wikipedia can be updated by anyone, even my 10 year old!
Sandie,
Hate to tell you this, but unless you haven't noticed only our president and his advisors are currently republican led. The house and senate are still led by the democrats. I'm not saying Bush shouldn't have approved this, but i am saying that the Dem's approved it first.
Wyza,
Hate to tell you this, but unless you have been asleep for the past 8 years, George Bush had a republican majority for the first 4 years of his term. Were you old enough to vote then? Things were so good you weren't paying attention. You do remember that 911 happened on Bush's Presidency. In a fact his first year!!! Why waste time. he needed to get a war started, he needed to get into Iraq because he wanted oil! You seem to forget that this country voted out those republicans that took our country down the road we are on. it is only typical of a republican supporter that you would cause a mess and blame it on the other guy.. Its real hard to sraighten out the country when the first 4 years were the years of true destruction to our country. If you don't get it, then you are not a true american. because true americans care about their fellow man. You like the idea of corporate america making decisions for you? You appreciate the fact that george bush and his republican majority gave corporations the go ahead to lower the work week to 32 hours in order to do away with paying benefits to FULL TIME employees. You have not noticed the price in gas go up over the past 4 years. he wouldn't do that in the firsat 4 because then he would have lost the last election. Can you not see that the republican party is trying their hand at another form of genocide? They want to kill us off slowly . Third world countries do it by buying guns from arms traders like george bush sr, then they go to all the little villages and kill the poor people in the villages and take all their things and thier land. Georgre Bush administration just gets rid of our jobs, allows banks to giove out laons to people who can't pay them because they have lost their jobs, they also want to cut every program that would help those same people. How many retired people out there have lost money in the past few weeks??? Lots of money! You planned on retiring did you? Well you can't afford to, and there are no jobs for you either. Too bad. the oil companies they are fine. Don't worry about them they have more money than you will ever see in your lifetime.
If you want to point fingers, you had better plan on noticing the 3 pointing back at yourself. the democrats are going to try to save your ass, from yourself, no doubt.
Quick making stupid comments. unless you have facts you have no business speaking. You also discredit yourself.
I'd like to believe it would be "a few months". This may be a long ride. Hang on!! It will improve with Obama/Biden. Don't forget to vote.
#2 - Mon Oct 13, 2008 1:38 PM EDTJust going to be the same thing, maybe even worse. Look who VP Biden's Constituents are:
"banking (Bank of America, Wilmington Trust, First USA / Bank One / JPMorgan Chase, AIG, Citigroup, Deutsche Bank, Barclays plc)"
"automotive manufacturing (General Motors, Chrysler)"
"Over 50% of US publicly-traded corporations and 60% of the Fortune 500 companies are incorporated in Delaware;[29] the state's attractiveness as a corporate haven is largely due to its business-friendly corporation law. Franchise taxes on Delaware corporations supply about one-fifth of its state revenue. [30]"
29. Delaware Division of Corporations
30. Delaware 2007 Fiscal Notebook - State General Fund Revenues by Category (F.Y. 2002 - F.Y. 2005)
Please don't be so naive, campaign money has to come from somewhere, he did not accept public Campaign Reform Money and the few dollars from us mean nothing compared to what the Corporations donated. He owes the Corporations (aka Special Interests).
Sources:
Bipartisan Campaign Reform Act
Davis v. Federal Election Commission "millionaire's amendment".
Senator Russell Feingold (D-WI), wikipedia.
Who benefits from the Bailout, Geographically? I did not know that the average "Middle Class" income was $100,000.00.
http://realestate.msn.com/Buying/Article_busweek.aspx?cp-documentid=10856357>1=35000
http://realestate.msn.com/slideshow.aspx?cp-documentid=10857148
Wilmington, Del
where many of the nation's credit-card companies are headquartered
Charlotte, NC (Bank of Americia, Wachovia)
back-office jobs are located, each have about 15% of residents working in finance, real estate and insurance.
Sioux Falls, SD
back-office jobs are located, each have about 15% of residents working in finance, real estate and insurance.
1. Darien, Conn.(all Fairfield County)
Share population in finance and real estate: 27.23%
Nearest large city: New York
Population: 20,666
Median Household Income: $168,687
2. Bloomington, Ill.
Share population in finance and real estate: 26.31%
Nearest large city: Chicago
Population: 70,395
Median Household Income: $54,971
3. Hoboken, N.J.
Share population in finance and real estate: 23.33%
Nearest large city: New York
Population: 40,002
Median Household Income: $81,356
4. West Des Moines, Iowa
Share population in finance and real estate: 22.15%
Nearest large city: Des Moines
Population: 54,627
Median Household Income: $61,303
5. Garden City, N.Y.
Share population in finance and real estate: 20.22%
Nearest large city: New York
Population: 21,671
Median Household Income: $121,831
6. Summit, N.J. (also Summit, Chatham and Millburn)
Share population in finance and real estate: 19.74%
Nearest large city: New York
Population: 20,618
Median Household Income: $111,497
7. Westport, Conn.
Share population in finance and real estate: 19.39%
Nearest large city: New York
Population: 26,822
Median Household Income: $137,133
8. University Park, Texas
Share population in finance and real estate: 18.83%
Nearest large city: Dallas
Population: 24,582
Median Household Income: $110,976
9. Fruit Cove, Fla.
Share population in finance and real estate: 18.76%
Nearest large city: Jacksonville
Population: 27,773
Median Household Income: $100,479
10. Wethersfield, Conn.
Share population in finance and real estate: 18.73%
Nearest large city: Hartford
Population: 26,146
Median Household Income: $63,359
Mountain Brook, Ala.
Share population in finance and real estate: 18.66%
Nearest large city: Birmingham
Population: 20,654
Median Household Income: $115,148
Lake Forest, Ill.
Share population in finance and real estate: 18.60%
Nearest large city: Chicago
Population: 21,289
Median Household Income: $150,795
Urbandale, Iowa
Share population in finance and real estate: 18.52%
Nearest large city: Des Moines
Population: 36,427
Median Household Income: $68,825
Normal, Ill.
Share population in finance and real estate: 17.28%
Nearest large city: Chicago
Population: 50,687
Median Household Income: $45,641
West Hartford, Conn.
Share population in finance and real estate: 16.67 %
Nearest large city: Hartford
Population: 63,782
Median Household Income: $71,550
Newport Beach, Calif.
Share population in finance and real estate: 16.56%
Nearest large city: Los Angeles
Population: 73,542
Median Household Income: $97,593
Westchase, Fla.
Share population in finance and real estate: 16.45%
Nearest large city: Tampa
Population: 22,028
Median Household Income: $98,383
Rockville Centre, N.Y.
Share population in finance and real estate: 16.29%
Nearest large city: New York
Population: 24,109
Median Household Income: $94,498
Naples, Fla.
Share population in finance and real estate: 16.1%
Nearest large city: Fort Myers
Population: 22,439
Median Household Income: $75,200
Ridgewood, N.J.
Share population in finance and real estate: 15.94%
Nearest large city: New York
Population: 24,742
Median Household Income: $119,936
Don't worry the Pork and Earmarks from the 700 Billion USD Bailout of the Crooks will pay for those specific locations, not the rest of the United States "Main Street". Funny how people think "Middle Class" is a median of $100,000 per year.
This proves what I said about our Future President and Vice Presidents rush to get the 700 USD Bailout passed without telling everyone about the ISDA, 60-100 Trillion USD, real price tag for the US Economic Crisis and that the ISDA triggered the Global Crisis, due to the usary interest on loans. Protected by Delaware Court of Chancery.
geeze buddy,
do you really think anyone is ready your book you wrote here??! come on now..
Derivatives is the malignant pathogen infested in the bankrupt British-Anglo-Dutch Financial System. What the the bankrupt British-Anglo-Dutch Financial System wants to keep in the shadows is their malignant pathogen derivatives. The house has the deck stacked against anyone playing their game so long as Derivative are in the equation!
The derivatives bubble is the "hyper-inflationary bomb, crushing the international financial system," warning Notice, "Until you just shut down the whole derivatives trade--wipe these gambling obligations off the books of the financial system--you are just kidding yourself." "It is time to break the silence on derivatives. The true, hyperinflationary factor in the situation is the unregulated, insanely leveraged derivatives trade. This is what is killing us. This is the great crime of Alan Greenspan."
According to the most recent data, released June 30, 2008 by the Office of the Comptroller of the Currency, the three largest American bank holding companies, JP Morgan Chase, Bank of America and Citicorp, had current outstanding derivatives contracts, totaling $179.4 trillion dollars. The three banks combined have total assets of just under $5.6 trillion!
As of Dec. 31, 2007, according to the Bank for International Settlements, the total over-the-counter and exchange-traded derivatives totaled more than $675 trillion. However, these "authoritative" figures are, according to Executive Intelligence Review analyst John Hoefle, grossly understated. The true figures, Hoefle estimated, are well-above a quadrillion dollars. That is well-above ten to the twenty-fourth power multiple times over!!!
Unless and until you deal with this derivatives bubble, which cannot and should not be bailed out, you are just kidding yourself. It is time for Hank Paulson to swallow the only real medicine: bankruptcy reorganization of the entire, dollar-based financial system. And the first step in any such bankruptcy reorganization would be the cancellation of these quadrillions of dollars in pure gambling obligations. Without such action, this planet is doomed to a horrible dark age, just like the dark age of the 14th century, -that followed the collapse of the Lombard banking system.
#3 - Mon Oct 13, 2008 1:43 PM EDTYou are exactly right that is how the 700 Billion USD US Economic Crisis turned into the 60-100 Trillion USD Global Economic Crisis. Problem is that you cannot do anything to them. The ISDA, International Swaps and Derrivates Association Inc. is Incorporated at Delaware and protected by Incorporation Laws of Delaware and the usary interest on loans is protected by the Delaware Court of Chancery. This makes the ISDA, "Above the Law".
Put in perspective, once, Corporate Lawyer Delaware Senator Joseph Robbinette Biden gets into the Vice Presidental Office (it is a done deal, due to Electorial College Votes). The ISDA becomes "Untouchable" also.
Until the ISDA is ended, the "Swaps" and "Derrivatives" will not end and the "Global Economic Crisis" will not end, just "toned down", still there, not publicized. You know that the "swaps" are what drove the 700 Billion USD loans to more than 60-100 Trillion USD due to the unregulated usary interest allowed? This was protected by Lawyer Senator Joseph Biden at Congress.
Congressional Records, "Regulation"
isda.org
"60 minutes"
wikipedia, Delaware
wikipedia, Joseph Robbinette Biden Jr.
At this point, election too close for Bush to make any difference at all in people's confidence. McCain AND Obama need to be brought in to the forefront of knowledge at this point so there is minimal if any real gap in approach to solving the crisis. It isn't a political thing, this is real. These decsions will have a lasting impact on either administration so BOTH ought to be on board from here on.
#4 - Mon Oct 13, 2008 1:47 PM EDTI have no confidence in any politician or bureaucrat in Washington nor do I have any confidence in any politician running for office. A brain trust of the leading financial and educational men and women should be selected to come up with the correct course of action without regard to politics.
#6 - Mon Oct 13, 2008 2:03 PM EDTWhat is left to ruin in this country? It's a good thing the presidency only lasts 8 years. Will this work? Perhaps it is a step in the right direction. It is certaily not a cure. If it bails us out in the short term, the next challenge facing us and the world will be massive inflation. There has been no "steady hand on the tiller", and there isn't yet. We are not done with this yet. Is it better? Yes. But only slightly improved from "terrible and inept".
#7 - Mon Oct 13, 2008 2:07 PM EDTwhy is he not been impeached yet how much more efen stuff do we need to pin something on him anything!!!! please anyone!
#8 - Mon Oct 13, 2008 2:15 PM EDTThis administration is famous for changing the rules and altering deals on their whim. As if this bailout wasn't bad enough, now there are new ways Paulson can change things, and nothing can be done to stop him. He got the power he wanted by keeping it quiet and putting it in the fine print. Just as Bush has done through his entire term.Who wants to bet that Bush-buddies are behind the management company that gets 'chosen' to handle all of this? At a VERY hefty price-tag, I'm sure.Bush can't make a difference - I don't believe for one minute that anything other then CYA and help the Buddies are on his agenda.
#9 - Mon Oct 13, 2008 2:18 PM EDTSo the "big banks" invited to Paulson's party are the ones who have managed to come through unscathed, though some are still failing institutions and all are holding exorbitant amounts of "negative assets"- with the help of the U.S. Treasury! How wonderful for the special invitees!
Same old same old for the financial "system". There will be NO confidence among average Americans until Americans begin to see a new framework of RULES for playing nice in the financial world and until we begin to see SEVERE penalties for bad market behavior with public monies.
All this is a ploy to bring Socialism to America. SOME banks survive and most do not, and all will be controlled by the government. There will be no transparency and no competition in the banking system at all. We are now at the complete mercy of the corrupt federal government bureaucrats who have crafted this abysmal plan to further rob and pillage the American people.
#10 - Mon Oct 13, 2008 2:19 PM EDTDon't tell me - Dumbya and socialism? What is the world coming to?
More like stupidism.
Het be quite there listening in on you phone calls !!!!
ANOTHER LOSS OF LIBERTY
BROKEN LAWS and The written there own they Don't care about the people
Can you imagine that the Republican party would be responsible for bringing socialism to rule in our country, and here all along I was being told by the Republicans that the Democrats were trying to ruin our country by doing that. this just goes to show that they were really trying to telegraph to all of us what THEIR plans were in the first place. Now the Democrats are going to have to be the ones to straighten out this mess again.
I would like to thank the media for none of this is possible. Bush lies and the media covers Brittney's croch. how classy FOX news real classy. Tell me about the downing street memo or about why Bush sees it fit to not honor our dead by televising our dead troops coming in. The media is as much at fault as Bush!
#11 - Mon Oct 13, 2008 2:20 PM EDTCan we send everyone who wanted no oversight on the banks, to go to these nations they say we owe and sell the whole Republican party for slave labor? Just a thoght.
#12 - Mon Oct 13, 2008 2:23 PM EDTWhat do you Obamites think the Messiah and the Gaffe machine will be able to do to correct this "crisis" that McSame and Barbie won't be able to do? NONE of the four of them have any business running for the leadership of this formerly great democratic republic. There are no more Democrats or Republicans in Washington D.C. We have allowed the socialist and communist to take control. When government buys ownership in private companies, that's communism. When you take from the rich to give freely to the poor, that's socialism. They may call it a "bailout package" or "welfare" but a pile of feces by any other name still smells like crap. So welcome to the United Peoples Republic of Communist Amerika. Soon to be a willing slave to the New World Order and it's single, global government.
#13 - Mon Oct 13, 2008 2:23 PM EDTNo, let's have "decider" Dumbya, and his pet thug Hank Paulson correct this crisis. No one can do it better than them.
Who exactly "allowed" the socialists and communists to take control? Don't tell me ... it's coming to me ... Bill Clinton !! Now, doesn't that feel refreshing?
Sell everyone in congress to all these politicians should go work for China to relive our debt. Since they broke it then they CAN fix it!!!!!
#14 - Mon Oct 13, 2008 2:25 PM EDTAnd what do we do when the moron declares marshall law!!!???
#15 - Mon Oct 13, 2008 2:26 PM EDTI wish the vote was tomorrow. These idiots can't do anything right! It's like the country is being run by the 3 stooges. Can you name them?
#16 - Mon Oct 13, 2008 2:49 PM EDTYes.
Executive Branch of Government.
Legislative Branch of Government.
Judicial Branch of Government.
And the people that wrote the script: Corporate Board Members.
Over time there were more than three stooges.
(Moe, Larry, Curly, Shepp)
At least they were funny.
Greed and corruption transcend party lines. No one party can lay claim to this mess. If the truth be known there are hundreds if not thousands of slugs responsible for this mess. I for one am not taking a wait and see attitude, I'm buying like a bull on steroids. There are serious bargains out there on the street and I'm loading up. It will come back it always does. So while the rest of you throw rocks at the Dems and the GOP, I will be throwing cash at the market. It really doesn't make a hill of beans who gets elected, the market will survive and rebound because it is bigger than government itself. So my advice is forget your emotions and invest with your head and not over it.
#17 - Mon Oct 13, 2008 2:52 PM EDTI don't want to move to a socialist state. I don't think government should own any company and that if we are to live in a free market society then the market place should work this out. I think alot of the money that was taken out of DJIA just went to the Russell 2000 companies to make the dire situation that we are in.
#18 - Mon Oct 13, 2008 3:25 PM EDTLets just throw a bunch money at the problem...While continuing not to regulate it...Would you spend your money that way??? This is crazy
#19 - Mon Oct 13, 2008 3:35 PM EDTLets just throw a bunch money at the problem...While continuing not to regulate it...Would you spend your money that way??? This is crazy
#20 - Mon Oct 13, 2008 3:36 PM EDTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
Nothing about the Bush Admin. inspires confidence. They should just step down NOW and leave! They have made enough of a mess!