But those are just facts. Facts don't matter when you make up your own reality.

Republican studies show that more than half of all Republican rape victims enjoy the experience, and would like another four years of humiliation.

Mr. Bush said he was optimistic because...everything that comes out of his mouth is a GD lie, period.

Question:

Which of the candidates has the best program for the economy?

To HELL with that 'idiot Bush' sentiment. This family has been defrauding the American people for GENERATIONS!!!! Let us not forget the main benefactor of the SNL bailout was a Bush!!!!! Another Bush, another bailout! I guess it goes back to his grandpa Prescott who tried to overthrow Roosevelt and install a Fascists government where corporations and banks actually wrote the law.

I HATE THESE B@STARDS!

This is the Big Con, folks. If you care to look, the real accomplishment of the Bush Economy has been to keep wages flat while the GDP grew, all the while using walmartization of the economy, terrorism, and the Missing/drugged out/scantily-clad White Girl fetish of the media to run interference.

now it's done. And we're fucked.

I just wrote to Factcheck.org to see if they will do a fact check on bush's economy speech today. They usually are good about responding, if they do I will post it here.

dubya's on more drugs than a fuckin crackhead

slippy hussein toad @ 12:

This is the Big Con, folks. If you care to look, the real accomplishment of the Bush Economy has been to keep wages flat while the GDP grew, all the while using walmartization of the economy, terrorism, and the Missing/drugged out/scantily-clad White Girl fetish of the media to run interference.

now it's done. And we're fucked.

This has to be the biggest clue of todays news.

Banks face "new world order," consolidation: report Reuters - Mon Mar 17, 12:19 PM ET

VietVet8666 @ 8:

Question:

Which of the candidates has the best program for the economy?

I think the question ought to be which candidate is best able to steer a train mid-crash?

The part that scares me the most is that I still don't believe the actual citizen exactly knows that the hell is going on because you still need a CPA or a Series-7 to follow the media's coverage.

Pinocchio must go, take his ventriloquist Dick with him.

L.A. Confidential @ 13:

VietVet8666 @ 8:

Question:

Which of the candidates has the best program for the economy?

Uhhhhhhhh. Let me think about that.

Hahahaha.....no kidding..very little mentioned by ANY of them.

ATLien @ 25:

You "people" make me fucking sick.

Hows it feel to get a taste of your own medicine?

L.A. Confidential @ 18:

slippy hussein toad @ 12:

This is the Big Con, folks. If you care to look, the real accomplishment of the Bush Economy has been to keep wages flat while the GDP grew, all the while using walmartization of the economy, terrorism, and the Missing/drugged out/scantily-clad White Girl fetish of the media to run interference.

now it's done. And we're fucked.

This has to be the biggest clue of todays news.

Banks face "new world order," consolidation: report Reuters - Mon Mar 17, 12:19 PM ET

It was planned all right. This isn't a "meltdown" of the economy. This is sharks eating. Bushie might be a complete screw up, but he is merely the puppet.

Bushies believe that the market is always right. So Bush gets on TV with a straight face and says the market is "correcting."

ATLien @ 25:

Liberals are so pathetically disgusting. Here is an idea, move out of your parent's basement, enroll in a college and contribute to society instead of BITCHING about anything you can. You "people" make me fucking sick.

That is reassuring. Liberal, conservative, right, left, are all bullshit labels. NOBODY is completely anything, so as soon as you use that slogan, you are more or less discounted as an idiot. Now go trollin' at Free Republic.

Left&Left @ 35:

Pres. Bozo isn't in denial. He's just intellectually and compassionately incapable of comprehending the everyday difficult problems of us common folk. Not "giving a fuck" is how this psychotic career failure sleeps at night.

Well, that and a few nightcaps with Laura.

IludiumPhosdex @ 17:

Could there be "economic reasons" that the Religiopolitical Right would like to deploy in banning abortion--e.g., maintaining a Luddite socioeconomic model based on unskilled, labour-intensive manufacturing?

One more insight to this thought - Generation Joshua ... a bunch of evangelical, no nothing, home schoolers have decided to shield their children from the secular world, teach them men used to ride dinosaurs, and of course Jesus is their lord and savior. This is a SERIOUS problem! Once you have a class that can't do anything but work at walmart and vote republican (a.k.a "Christian") and be totally plugged into the consumer model the thinking class (a.k.a "Liberals") is doomed.

Here's a clip from my "snip it" collection.

May 22, 2001

After all, they don't call the Carlyle Group, "Scam R Us," for nothing. Their entire balance sheet has been built gratis of the US taxpayer.

When will the American taxpayers wake up? It is almost too late, if Bush is allowed another term in office. The economic damage to our nation's public purse will be so severe that not even a fiscally prudent government coming in after Bush will be able to correct the problem because of the declining economy in the rest of the world.

Bush understands that it's too late. He's just operating with reckless abandon to suck every penny he can out of the US taxpayer and to consolidate within that one percent through a variety of scams, artifices, cross holdings, trust, limited partnerships, etc. the money and power they've accumulated.

It'll just be Scams Away for them until the end. In our new "War on Terrorism," it's no longer Bombs Away. It's Scams Away.

And whose fault is this? It is the fault of the American People who have supported Reagan, Bush and Bush II. Those who support him should receive their comeuppance.

When you keep scamscateers in power as long as US voters have (aka Reagan/ Bush/Bush Jr.), eventually the bill becomes due.

and wingnut talkers are still saying that if you talk to individuals they will tell you that their personal finances are fine

horseshit

all i hear is how people cant afford almost 4 dollar gas, and how they cant deal with the weekly price hikes in basics, like food

the state of california and all its cities are close to going belly up

but individuals feel they are doing fine, and the reason they are worrying is because of news reports?

the signs were on the wall almost 2 years ago

the lack of regulation set all the wheels in motion for what maybe the worst financial disaster since the great depression

but unlike then, there isnt a job program or a war effort that can get us out of this mess

Left&Left @ 35:

Pres. Bozo isn't in denial. He's just intellectually and compassionately incapable of comprehending the everyday difficult problems of us common folk. Not "giving a fuck" is how this psychotic career failure sleeps at night.

Wonder if Poppy will bail him out of this disaster or finally let him sink in to the quicksand that he himself created. Had he and Babs let him fend for himself back when he was in his 40's and 50's the country might not be suffering now. It's hard to believe that this "man" is in his 60's and he still acts like a teenager with his first checkbook.

Anyone else tired of this idiot?

http://www.ft.com/cms/s/0/edbdbcf6-f360-11dc-b6bc-0000779fd2ac.html

ATLien @ 38:

Hey Canadian, you don't know anything about the anti-American hatred liberals down here spew.

Spewing hatred and sucking tax dollars are two different issues. Perhaps you should be more concerned with the supposed conservative fiscal mess, instead of if someone you refer to as liberal hates yer country. Recent history finds not many in the world would disagree with these "liberals" as you put it.

ATLien @ 44:

"the signs were on the wall almost 2 years ago"

Yea, look what bunch were elected. Before that we were fine.

You are going to blame the pathetic Dems in Congress for this mess? Now, that is rich. They haven't done jackshit. It's the stupid Repubs that have controlled, and continue to basically control, every piece of legislation.

For ATLien--
I'm an expatriate American, living in Canada now for 30 years. Best, smartest move I ever made. I try to take no comfort in your exasperation, but I have to admit it's difficult not to.

George W. Bush - A bona fide bell-end to the last.

[I have an appreciation for art, and it hurt to delete that. Is it titled The Salute? The troll is gone. Let's all move along now. Site Monitor]

ATlien~!!!!FUCK YOU!!!!

ATLien @ 25:

Liberals are so pathetically disgusting. Here is an idea, move out of your parent's basement, enroll in a college and contribute to society instead of BITCHING about anything you can. You "people" make me fucking sick.

Nice try bitch, now go back to your wine and fox news...

ATLien @ 48:

Nice insult, guessing you are one of the basement dwellers. FYI, you want people to at least semi-respect you, CAPITALIZE your name.

please be more respectful im your father and your my nutless bastard son!

Leslie, they should stop whining. I have no sympathy for failed corporations.

He speaks sentences, but in GW Bush's defense...there is no cogent thought...no understanding of the concepts or reality that he speaks about.

if the rodeo clown doesn't know gas is close to 4 bucks a gallon (and in some spots, $5.20 - http://www.cnn.com/video/#/video/us/2008/03/17/lavandera.gas.prices.cnn ), then there is no surprise he is clueless to all else.

ATLien @ 67:

Yea right, everyone knows canadians cant fight.

Hmm, isn't Canada one of the countries helping us fight in Afghanistan and Iraq. So much for gratitude in Bushie's little war[s] and counting. By the way, ATLien, why haven't you volunteered yet?

So lets see what will Bush say next week to cover for his buds next public funded bailout. Probably something like . . . . .

The terrorists put guns to the heads of Americans and said, “Sign on the dotted line!” The terrorists also did ride-alongs with appraisers and said, “Inflate your estimate, or I’ll kill your child!”

The terrorists also sat next to the mortgage broker, whispering into the ear not stuck to a phone, “Steer them into an I/O 2/28 ARM, and you’ll get a larger commission, and I won’t blow up your grandmother’s house!”

The terrorists also visited with the ratings agencies and said, “You’d better assign all this collateralized crap a ‘AAA’ rating like your client wants, or we’ll blow up Congress!”

ATLien @ 67:

Yea right, everyone knows canadians cant fight.

Hmmm.....speaking of which, why aren't you in that successful war? I hear Bush and his friends are jealous of the soldiers. Don't tell me you don't support that part of the fiscal clusterf*@k as well as his economic genius.

ATLien @ 61:

but but but Bush.

Check out acorn.org...thats why the Real Estate problem exists.
Canadian deserter. Blow me.

I was going to respond to you about the GOP repealing the Glass-Steagall Act and Bush's green-lighting of the predatory lenders by his use of an 1863 law that he invoked to allow the banks to do subprime mortgages in 2003.

But considering your limited vocabulary... this British Comedy team explains it with humor... and the funny thing is... everything they say is true!

The Long Johns - The Last Laugh - George Parr - Subprime
http://www.youtube.com/watch?v=SJ_qK4g6ntM

ConcernedHusseinCanuck @ 74:

ATLien @ 67:

Yea right, everyone knows canadians cant fight.

Hmmm.....speaking of which, why aren't you in that successful war? I hear Bush and his friends are jealous of the soldiers. Don't tell me you don't support that part of the fiscal clusterf*@k as well as his economic genius.

Truly, Bush says it's romantic to lose a limb, your mind, your life.

Liberal AND Proud @ 73:

Leslie @ 70:

ATLien @ 67:

Yea right, everyone knows canadians cant fight.

Hmm, isn't Canada one of the countries helping us fight in Afghanistan and Iraq. So much for gratitude in Bushie's little war[s] and counting. By the way, ATLien, why haven't you volunteered yet?

His Mommy won't sign the papers.

Give him a break. You have to be mentally competent. He couldn't pass the test.

Leslie @ 1:

If we could only figure out what planet Bush lives on so we could avoid it.

Correction: If we could only figure out what planet Bush lives on so we could destroy it.

ATLien @ 80:

Rasputin, sorry we do not have a nanny state where the government hold your hand and makes sure you do not take out loans you cannot afford.

I'm gonna luv this one.Oh Ras.......come out come out where ever you are.
Oh and one more thing.Come back and re-read your own comments ATLien.
sad,very ,very sad.

(Rhetorical) Question: Is there any reality the dunce in the White House doesn't deny?

ATLien @ 80:

Rasputin, sorry we do not have a nanny state where the government hold your hand and makes sure you do not take out loans you cannot afford.

No we have a con artist state that drops the pen onto the contract some persons holding and let's the buyer be assured everything is going to turn out wonderful. No need to read the small print.

Trust us just sign there. Welcome to the Ownership Society.

CheneyIsADick @ 86:

(Rhetorical) Question: Is there any reality the dunce in the White House doesn't deny?

That is: doesn't deny.

Good thing I'm not sitting inside a mountain with a lot of buttons on a panel in front of me. LOL

The Shrub is on track to make Herbert Hoover look like an economics genius!

I find it amusing how this administration has relied on the old saying that "the market will correct itself", but here we are reading a story about how the adminsitration is funneling 30 BILLION OF OUR FUCKING DOLLARS into an investment bank. The market was trying to correct itself by having poorly run lending institutions fall on their ass.

ATLien @ 80:

Rasputin, sorry we do not have a nanny state where the government hold your hand and makes sure you do not take out loans you cannot afford.

Maybe not, but it looks like we have an Uncle Sugar state where the government will bail out the rich guys who might end up losing their ill-gotten gains while leaving the average citizen footing the bill and some losing their homes.

hell this assholes long gone!!!!!!!!!

For ATLien--
So Canadians can't fight? Watch this, and be sure to stay for the little message at the very end. http://www.youtube.com/watch?v=niwF6TEsw5w

[You can stop feeding the troll. He isn't coming back soon. Site Monitor]

TheConstitution @ 95:

I find it amusing how this administration has relied on the old saying that "the market will correct itself", but here we are reading a story about how the adminsitration is funneling 30 BILLION OF OUR FUCKING DOLLARS into an investment bank. The market was trying to correct itself by having poorly run lending institutions fall on their ass.

And 30 billion is just the tip of th iceberg. With all the cheap money the Fed is flowing into the system, they are doing everything they can to not let the market correct itself. It will of course eventually correct itself and th result will be even more catastrophic - Hyperinflation. We're like a cancer patient that keeps avoiding treatment at the hospital. Things only get worse the longer you try to avoid the medicine.

Boy, it's hard not to pile on when it's so easy and the trolls are so deserving.

unfrozencaveman @ 103:

TheConstitution @ 95:

I find it amusing how this administration has relied on the old saying that "the market will correct itself", but here we are reading a story about how the adminsitration is funneling 30 BILLION OF OUR FUCKING DOLLARS into an investment bank. The market was trying to correct itself by having poorly run lending institutions fall on their ass.

And 30 billion is just the tip of th iceberg. With all the cheap money the Fed is flowing into the system, they are doing everything they can to not let the market correct itself. It will of course eventually correct itself and th result will be even more catastrophic - Hyperinflation. We're like a cancer patient that keeps avoiding treatment at the hospital. Things only get worse the longer you try to avoid the medicine.

Yeah, that's what I'm worried about....

Leslie @ 70:

ATLien @ 67:

Yea right, everyone knows canadians cant fight.

Hmm, isn't Canada one of the countries helping us fight in Afghanistan and Iraq. So much for gratitude in Bushie's little war[s] and counting. By the way, ATLien, why haven't you volunteered yet?

They are helping in Afghanistan, not Iraq.

On a per capita basis, Canada had the biggest casualty rate of any ally in WWII.

The irony meter breaks when you take into account that Canadians not only can fight, but they are the only country which has invaded, fought and defeated the US of A in continental soil. I know the troll is long gone, but fer crying out loud... Canadians in 1812 (although they were British then) burnt DC to the ground and sent the then POTUS running like a bitch for his dear life.

unfrozencaveman @ 103:

TheConstitution @ 95:

I find it amusing how this administration has relied on the old saying that "the market will correct itself", but here we are reading a story about how the adminsitration is funneling 30 BILLION OF OUR FUCKING DOLLARS into an investment bank. The market was trying to correct itself by having poorly run lending institutions fall on their ass.

And 30 billion is just the tip of th iceberg. With all the cheap money the Fed is flowing into the system, they are doing everything they can to not let the market correct itself. It will of course eventually correct itself and th result will be even more catastrophic - Hyperinflation. We're like a cancer patient that keeps avoiding treatment at the hospital. Things only get worse the longer you try to avoid the medicine.

Oh no no no no... The 30 Billion was just to get J.P.Morgan Chase & Co. to buy the damn thing... For the whole subprime debacle and to keep all the other banks from going under... The Fed coughed up $400 Billion dollars of your tax dollars!

But wait there's more... The next Domino is Lehman Brothers who despite a market rebound their shares dropped 30% of their value!

U.S. Stock-Index Futures Slump; Bear Stearns, Lehman Retreat

By Sarah Jones and Eric Martin

March 17 (Bloomberg) -- U.S. stock-index futures plunged after JPMorgan Chase & Co.'s purchase of Bear Stearns Cos. for less than a 10th of its value sent financial shares falling around the world.

Bear Stearns, Lehman Brothers Holdings Inc. and Goldman Sachs Group Inc. led a tumble in investment banks even after the Federal Reserve cut its discount rate in an emergency meeting to prevent a meltdown in financial markets. Europe's benchmark index dropped to the lowest since November 2005 and Asia's slumped to an almost two-month low.

``We're in a crash, there's no other word to describe it,'' said Joseph Granville, 84, who joined E.F. Hutton in 1957 and is technical analyst and publisher of the Granville Market Letter in Kansas City, Missouri. ``This is the worst I've seen and I've studied every bit of history all my life.''

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_2AkrehFlGo

I love the E.F.Hutton analyst comments... well if Bush and Paulson don't want to call it a crash... maybe we call it a a cluster fuck or perhaps a FUBAR!

Carlyle group - wasn't that name of the dollar changers in Micheal Moore's "Fahrenheit 911"?

As bad as I hate to see any filthy republican when i see their fearfull leader I want to kick all their stupid fucking heads off!

The Dude @ 112:

Leslie @ 70:

ATLien @ 67:

[Deleted]

Hmm, isn't Canada one of the countries helping us fight in Afghanistan and Iraq. So much for gratitude in Bushie's little war[s] and counting. By the way, ATLien, why haven't you volunteered yet?

They are helping in Afghanistan, not Iraq.

On a per capita basis, Canada had the biggest casualty rate of any ally in WWII.

The irony meter breaks when you take into account that Canadians not only can fight, but they are the only country which has invaded, fought and defeated the US of A in continental soil. I know the troll is long gone, but fer crying out loud... Canadians in 1812 (although they were British then) burnt DC to the ground and sent the then POTUS running like a bitch for his dear life.

Actually, President Madison didn't run, but was ON SITE at the battle of Bladensburg, which the British won and allowed them to go into DC. Madison was the only sitting U.S.presdent to lead troops into battle. (Lincoln was in the line of fire in 1864 when the Confederates attacked Fort Stephens in DC, but he wasn't technically directing the forces - he just happened to be in the way.)

After Bladensburg, the government moved to Frederick, MD until the British withdrew. The Brits then turned their attention to Baltimore, got their asses handed to them, and the rest is history. Check out "The Dawn's Early Light" by Walter Lord (Johns Hopkins press.)

Oh and by the way, they were British Regulars from England, they weren't from Canada.

mudshark @ 101:

Rasputin @ 90:

ATLien @ 80:

[Deleted]

But we do have a Criminal state that allows bankers to construct a massive ponzi scheme that inflates assets into the trillions of dollars and when the bubble pops... and the house of cards comes down... Tax Payer dollars are used to bail them out.

So the bankers get you coming and going... but your too stupid to realize that you have just been screwed like everybody else.

That is the amazing thing about you jackasses... you bray a lot about how bad youzze libruls are and then... go fill your tanks with four dollar gas and pay 13% higher costs for food and you don't even realize that you've been had!

At least we are smart enough to know who is screwing us... you don't even have a clue!

that was nice of you Ras to let her of so easily.
How certifyably civilised

Ah... on another blog I was cursing out Alan Greenspan and his wife Andrea Mitchell. I made the mistake of referring to her as the "not so lovely nor talented Andrea "pock marked" Mitchell" and the Politcally correct police were on me all day about what a sexist pig I was because I drew attention to her acne scars. Of course they couldn't give a shit what I said about her blood hound faced husband... I was forever evil in the eyes of the "sisters of the immaculate order of librarians."

So I've turned over a new leaf... I try to think of how to tell them what I think of them using ten words instead of one and these words must be more than four letters! ;-)

cando @ 121:

There is not safe place to put the resources that remain. Baling out the banks that have performed so badly and operate without any regulation is irresponsible. McCain will continue these administration policies too? We can hope that if he's elected, he really will be a maverick, but I see no evidence that he is one even though the MSM keep calling him a maverick and a hero. A disgrace.

Bernanke testified in front of congress three weeks ago that there would be "small and regional bank failures" but he didn't expect any big ones to fail... then Bear Stearns happened... so much for the "small and regional theory!

Most people don't realize that this scam was so big... that it threatens all of the world's banks!

Last month the UK had it's first bank run in 100 years and they nationalized their biggest mortgage brokerage at a cost of $59 Billion dollars!

The banks in Tokyo are scared spitless and like I said the banks here are due to post their earnings reports this week and everyone in the financial communities is wetting their pants in fear.

You see... just last week Bear Stearns CEO said that they didn't have a liquidity (cash) problem at all and then last Friday happened.

VietVet8666 @ 8:

Question:

Which of the candidates has the best program for the economy?

Ralph Nader.

kaypicts @ 127:

Rasputin @ 119:

kaypicts @ 116:

Carlyle group - wasn't that name of the dollar changers in Micheal Moore's "Fahrenheit 911"?

The Carlyle Group is a Washington, D.C. based global private equity investment firm with more than $81.1 .
.
.
http://en.wikipedia.org/wiki/Carlyle_Group

The Saudi Princes are big on this fund too and they are into everything from Vital components for Plasma TV screens to Armaments and Munitions.

They had a mortgage division and it folded up and their investors seized their assets. The loss was $400 million total I believe.

I'm not normally a conspiracy-type, but this whole thing smells really bad like a orchestrated money grab, starting with FISA and all the free information that was taken for whatever purpose. Rachel Maddow said today its just another rerun of the Reflub's S&L crisis of the 80's and deregulatory policies. I'm optimistically hoping it's just a lack of oversite f*ck up, and the economy will finds its footing. But it stinks like something worse and I'm doing my best to hold on to my wallet.

It is something worse... Reagan and Bush have brought you the bubble economy. If you really want to understand read this:

The Debt Delusion

A second big American interest-rate cut in a fortnight, alongside an economic stimulus plan that united Republicans and Democrats, demonstrates that US policymakers are keen to head off a recession that looks like the likely consequence of rising mortgage defaults and falling home prices. But there is a deeper problem that has been overlooked: the US economy relies upon asset price inflation and rising indebtedness to fuel growth.

Therein lies a profound contradiction. On one hand, policy must fuel asset bubbles to keep the economy growing. On the other hand, such bubbles inevitably create financial crises when they eventually implode.

This is a contradiction with global implications. Many countries have relied for growth on US consumer spending and investments in outsourcing to supply those consumers. If America’s bubble economy is now tapped out, global growth will slow sharply. It is not clear that other countries have the will or capacity to develop alternative engines of growth.

America’s economic contradictions are part of a new business cycle that has emerged since 1980. The business cycles of Presidents Ronald Reagan, George H.W. Bush, Bill Clinton, and George W. Bush share strong similarities and are different from pre-1980 cycles. The similarities are large trade deficits, manufacturing job loss, asset price inflation, rising debt-to-income ratios, and detachment of wages from productivity growth.

The new cycle rests on financial booms and cheap imports. Financial booms provide collateral that supports debt-financed spending. Borrowing is also supported by an easing of credit standards and new financial products that increase leverage and widen the range of assets that can be borrowed against. Cheap imports ameliorate the effects of wage stagnation.

Read the rest...

http://www.thomaspalley.com/?p=99

It is a good read... in fact a must read. In the last thirty years real wages for most Americans have only increased 13.84 percent while for the top .01% of the population their incomes have increased by 294%.

The disparity of the wages of the ultra rich and the rest of us is now as great as it was in the 1920s... the era of the robber baron capitalist.

So if you were them... those .01%ers... first how would you cover-up the fact that you just ripped everyone else off?

Give everyone lots of cheap imports, really really really easy credit terms on credit cards, auto loans, and mortgages and let them have the illusion of the "good life" but underneath it is a mountain of debt... Well the Uncle Sam Card bill just came due.

Why is this a bad thing?

I have these damn creditors that have been sending me annoying letters for years. Good... I am glad they are going belly up. I am proud to have done my part to help destroy this rediculous credit sceme we have been forced to live under. Seriously, what is the worst than can happen. Hell... who knows... maybe after this is all said and done a person can open up a small business without being run out of business by a huge corporate chain. Oh god forbid; if owning a home becomes affordable; becuase, all these lowlife bankers get run out of town.

Sorry. I just don't see this as a bad thing.

They are playing everyone to make sure the American public holds the bag when the Ponzi scheme collapses. And the Dems are just as much with the program as the Repugs are.

If more of you were aware and honest with yourselves, they wouldn't be able to get away with it, the Emperor would have no clothes. Instead they use more of your money to enrich their globalist friends -- the Bear Sterns people all got their bonuses -- while they systematically rape the country. But some of you believe somehow if the Dems take the White House, that your dictator president is gonna make it all right.

You are all sheep waiting to be fleeced before you are slaughtered.

Chuck @ 132:

Why is this a bad thing?

I have these damn creditors that have been sending me annoying letters for years. Good... I am glad they are going belly up. I am proud to have done my part to help destroy this rediculous credit sceme we have been forced to live under. Seriously, what is the worst than can happen. Hell... who knows... maybe after this is all said and done a person can open up a small business without being run out of business by a huge corporate chain. Oh god forbid; if owning a home becomes affordable; becuase, all these lowlife bankers get run out of town.

Sorry. I just don't see this as a bad thing.

I heard you can't be put in jail for being poor...yet.

Rasputin @ 135:

David @ 134:

They are playing everyone to make sure the American public holds the bag when the Ponzi scheme collapses. And the Dems are just as much with the program as the Repugs are.

If more of you were aware and honest with yourselves, they wouldn't be able to get away with it, the Emperor would have no clothes. Instead they use more of your money to enrich their globalist friends -- the Bear Sterns people all got their bonuses -- while they systematically rape the country. But some of you believe somehow if the Dems take the White House, that your dictator president is gonna make it all right.

You are all sheep waiting to be fleeced before you are slaughtered.

What do you mean "waiting to be fleeced" The fleecing has been going on for thirty years... the slaughter is underway!

You think this is bad now? There are 800 prison camps in the US, including one in Alaska designed to handle 500,000 people, that are fully staffed and operational, ready to go and empty. What do you think they are going to use those for? And there are trains with cars equipt with manicles, yes manicles. Go research it yourself, a former congressman wrote an editorial about these things of Feb 4 in the San Francisco Chronicle. Only most people don't read that paper, do they, or even read much at all anymore.

This isn't bad at all, really, compared to what it will be like. And, yes, like Olde England, you can bet there will be a debtors prison.

L.A. Confidential @ 75:

So lets see what will Bush say next week to cover for his buds next public funded bailout. Probably something like . . . . .

The terrorists put guns to the heads of Americans and said, “Sign on the dotted line!” The terrorists also did ride-alongs with appraisers and said, “Inflate your estimate, or I’ll kill your child!”

The terrorists also sat next to the mortgage broker, whispering into the ear not stuck to a phone, “Steer them into an I/O 2/28 ARM, and you’ll get a larger commission, and I won’t blow up your grandmother’s house!”

The terrorists also visited with the ratings agencies and said, “You’d better assign all this collateralized crap a ‘AAA’ rating like your client wants, or we’ll blow up Congress!”

Thanks! That was freakin' funny!

Why oh why do we still care what he say. GEORGE W BUSH IS A BONAHIDE ASSHOLE The only way we can stop him is to not to watch or hear what he has to say. Whenever I hear that he's about to speak on TV. I change the channel. When I do that I feel good about it. No matter how much we protest here it's not going to change what is in that so called "leader's" head. He's an asshole and will remain an ashole. He will not fix the economy because he does not know how to. Why don't he and his bitch just sit their fat asses inside the white house and wait until the hauling truck pulls over to pick them up like trashes from 1600 Pennsylvania ave. on 2009

138 David Says:

You think this is bad now? There are 800 prison camps in the US, including one in Alaska designed to handle 500,000 people, that are fully staffed and operational, ready to go and empty. What do you think they are going to use those for? And there are trains with cars equipt with manicles, yes manicles. Go research it yourself, a former congressman wrote an editorial about these things of Feb 4 in the San Francisco Chronicle. Only most people don't read that paper, do they, or even read much at all anymore.

This isn't bad at all, really, compared to what it will be like. And, yes, like Olde England, you can bet there will be a debtors prison.

Yup! I already know about the prison camps and have seen the videos, Halliburton wracked up $350 million on the contract.

I also know about Bush's Emergency plan for running the government in case of an emergency that he put through by Executive Order... and that he has denied the members of congress the right to see it... even the ones with the highest security clearances that our government gives.

By slaughter... I meant destruction of the middle class. What you are talking about is when the proto-fascist state which is where we are now... goes to full fascist.

You've heard a lot about how the Conservatives and PNAC crowd want to tear down the safety net that FDR built. Did you know that they tried to assassinate him 17 days before he took office? Did you know that several of the ultra rich families got together and tried to organize a military coup and that one of them was Prescott Bush... our Presidents grandfather?

Think I make this stuff up?

The Business Plot (also known as the Plot Against FDR or the White House Putsch) was a political conspiracy from 1933. It involved several wealthy businessmen, who planned to overthrow the presidency of Franklin D. Roosevelt.

Details of the plot came to light in early 1934, when retired Marine Corps Major General Smedley Butler testified before the McCormack-Dickstein Congressional Committee.[1] In his testimony, Butler claimed that a group of men had approached him as part of a scheme to overthrow Roosevelt in a military coup. One of the alleged plotters, Gerald MacGuire, vehemently denied any such plot. In their final report, the Congressional committee supported Butler's allegations of the existence of the plot,[2] but no prosecutions or further investigations followed, and the matter was mostly forgotten.

Major General Butler claimed that the American Liberty League was the plot's primary source of funding. The main backers were the Du Pont family, as well as leaders of U.S. Steel, General Motors, Standard Oil, Chase National Bank, and Goodyear Tire and Rubber Company. The 2007 BBC radio documentary "The Whitehouse Coup"[3] alleged that Prescott Bush, father and grandfather to the 41st and 43rd US Presidents respectively, was also connected with the plot.

http://en.wikipedia.org/wiki/Business_Plot

Do you think those wealthy families have disappeared?

Check the funding for all of the "conservative think tanks" and you'll see them on the CATO Institute, The Heritage Foundation, The American Enterprise Institute... the DuPonts, Rockefellers, Carnegies, Adolph Coors, Mellons... they are still around and just as evil and they have been working the system for thirty years of class warfare.

You can find out about them at Source Watch:
http://www.sourcewatch.org/index.php?title=SourceWatch

Note to Site monitor... please delete my last post... wish your preview functions would show errors before posting... Thanks!

Here is your clue as to what is really going on... and it isn't trying to stop a recession.

Bernanke May Cut Rate by Most Since Volcker to Stop Meltdown

March 18 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may be readying the deepest interest-rate cut in a generation as the central bank struggles to prevent a meltdown in financial markets and a severe recession.

Traders predict the Federal Open Market Committee, meeting today in Washington, will lower the overnight lending rate by a full percentage point or more, based on futures prices in Chicago. That would be the biggest reduction since 1984, when Paul Volcker led the central bank, and would bring the benchmark rate down to 2 percent.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aO25GJhF2qWc&refer=home

Bernanke Plays `Whac-A-Mole' With Turmoil in Markets

March 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may be facing something worse than a loss of personal credibility on Wall Street and in Washington: waning faith in the ability of the institution he leads to turn around the economy and the financial markets anytime soon.

Bernanke has reached deep into the Fed's toolkit to come up with innovative ways to head off a recession and restore some calm in credit markets. While many have initially been greeted with rallies in stocks, cumulatively they haven't yet had lasting impact on bringing down credit costs and setting the stage for economic recovery.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aLKjRvxDFICQ&refer=home

Bernanke is trying to stop a financial cascade where banks fail, then the bond insurers who guarantee those loans fail, then the hedge funds fail and so on until the worlds financial system collapses.

They say "prevent a deep recession"... what they are saying behind closed doors in the world of the economists is "Depression."

Lehman May Report Lowest Profit Since 2003 as Shares Plunge

March 18 (Bloomberg) -- Lehman Brothers Holdings Inc. may report its lowest quarterly profit since 2003, a day after investors erased almost 20 percent of the firm's market value following the fire-sale of rival Bear Stearns Cos.

Net income probably fell 58 percent to $480 million, or 72 cents a share, from $1.15 billion, or $1.96, a year earlier, according to the average estimate in a Bloomberg survey of 10 analysts. The New-York based firm is forecast to write down the value of assets tied to mortgages by as much as $3.5 billion.

Chief Executive Officer Richard Fuld yesterday sought to reassure shareholders, saying steps taken by the Federal Reserve to support brokerages eliminated the danger of a liquidity crisis. Bear Stearns ran out of cash as clients withdrew funds, forcing CEO Alan Schwartz to sell the fifth-largest U.S. securities firm to JPMorgan Chase & Co. for $2 a share, 90 percent less than the market value two days earlier.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a38.8kdtT4kY&refer=home

Here is your Jackass of the day Award runner-up...

Greenspan warns of worst crisis since World War II
Reuters
Published: Monday March 17, 2008

There will be many casualties from the unfolding financial market crisis, which will lead to a large-scale overhaul of international banking regulations, codes and risk management, former Federal Reserve Chairman Alan Greenspan said.

Writing in the Financial Times, the former Fed chief said much of the financial system's risk-valuation models failed, not because they were too complex but because they were "too simple to capture the full array of variables governing that drive global economic reality".

"The crisis will leave many casualties. Particularly hard hit will be much of today's financial risk-valuation system," he wrote.

http://rawstory.com/news/2008/Greenspan_sees_many_casualties_from_crisis...

The Top Jackass of the year Award goes to Bush and Paulson jointly... Because they said it was a "moral hazzard" to help individual home owners who are being foreclosed on... that isn't real estate speculators... its 1.7 million families about to be put on the street.

Greenspan gets the runner up Jackass of the day because he testified to congress in 2005 that the mortgages were "adequately capitalized" and in 2007 said that the subprime mortgages were creating "a little froth int the market."

He should have told the truth and this problem wouldn't be as bad as it is now. Now he whines of casualties... not people... he is afraid that new regulations will be put in place to replace the ones that the GOP pulled out that let this disaster happen? Cute set of values eh?

I always thought he was the worst president ever, but now I think he's even more worser than that.

THE NINE STEPS
STEP 1: The economy is slipping into recession.
STEP 2: This is bad news.
STEP 3: Bad news which reflects directly on BushCo.
STEP 4: Such facts would suggest failure on the part of BushCo.
STEP 5: But George has proven himself incapable of admitting failure.
STEP 6: Therefore, the economy is NOT in recession, but merely "challenged."
STEP 7: And therefore BushCo hasn't failed.
STEP 8: And therefore George hasn't failed.
STEP 9: For that matter, WHY DO YOU HATE THE TROOPS?!!!

You guys took my post before I was ready to let it go .I do not hate Bush.I hate his behavior.My cousin told me that she voted for Huckabee in the Ohio primary.I hate her behavior.all my cousins voted for and love Bush.I hate their ignorance.These people are going to vote for McCain without knowing very much about him or his proposed policies.I must say that I hate my cousins ignorance and their behavior.Ah,what the hell! I hate their guts.Ignorant assholes like they are are allowing this country to go down the tubes because they want more stuff.Never mind the unethical, immoral things they do to get money to get stuff;never mind their high and mighty cry of protecting the unborn while they treat their neighbors and their children like chattel;never mind their blatantly racist behavior;never mind their ignorance of the economy;and their rigid self- absorbed,greedy,gloating about the "market."My family is seriously fucked up, and I don`t hate them.I just don`t care.Total apathy feels right and good.Peace.