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Rick Perlstein on McBushonomics

C&L's pal Rick Perstein, who just wrote an incredible book called "Nixonland," (go buy one) was a guest on Countdown last week to discuss and de-construct McCain's economic plan--errrr, I mean Bush's economy----errrrr---we'll just call it "McBushonomics."

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31 Comments
ronhohn's picture

Firstest

slippy hussein toad's picture

ronhohn @ 1:

Firstest

Uselessest.

McCain has no clue what money really is or how it affects us. He is one of those rich, useless assholes who needs to just go back to his big house, take his money, and shut his fucking useless mouth.

getalife's picture

The con leaders of Mexico, Canada and w are meeting to discuss trade without Congressional approval.

I wonder if they signed the North American Union. Now would be the time to ram it down our throats.

dadams's picture

look mcIdiotic is following dumbasses' economics
it's time to stop the suck-ass behaviors. we already will
have to dig out of bushco and now mcIdiotic wants to
give us more?

Drew's picture

wait -- what?

He wants to borrow 2 trillion more dollars??? Hahahaha...he can borrow 10 trillion, or even 100 trillion, it won't matter, because the dollar isn't going to be worth anything anyway when Obama is in his Presidency. The US economy is going to collapse, so borrowing 2 trillion then is like borrowing 10 bucks today.

These people in Washington really have no idea what is coming.

dadams's picture

slippy hussein toad @ 2:

ronhohn @ 1:

Firstest

Uselessest.

McCain has no clue what money really is or how it affects us. He is one of those rich, useless assholes who needs to just go back to his big house, take his money, and shut his fucking useless mouth.

which of his 8 houses or did you not know about them?

ConcernedCanuck's picture

Drew @ 5:

wait -- what?

He wants to borrow 2 trillion more dollars??? Hahahaha...he can borrow 10 trillion, or even 100 trillion, it won't matter, because the dollar isn't going to be worth anything anyway when Obama is in his Presidency. The US economy is going to collapse, so borrowing 2 trillion then is like borrowing 10 bucks today.

These people in Washington really have no idea what is coming.

A McCain/Hillary ticket is coming......just wait for it

ronhohn's picture

Republicans latched on to a great Mantra: TAXCUTS TAXCUTS TAXCUTS

For sure, nobody enjoys paying taxes, but has any clearthinking American come up with a workable idea how to run a country, state, city without revenue? McTaxcut says we need to cut spending - well lets do that in the right order. Cut spending, and then cut taxes commensurate with the surplus.

RayC's picture

ronhohn @ 8:

Republicans latched on to a great Mantra: TAXCUTS TAXCUTS TAXCUTS

For sure, nobody enjoys paying taxes, but has any clearthinking American come up with a workable idea how to run a country, state, city without revenue? McTaxcut says we need to cut spending - well lets do that in the right order. Cut spending, and then cut taxes commensurate with the surplus.

Cut spending, raise taxes get completely out of debt, decide what we as the American people want the government to do, pay for it, if anything is left over cut taxes.

Drew's picture

ConcernedCanuck @ 7:

Drew @ 5:

wait -- what?

He wants to borrow 2 trillion more dollars??? Hahahaha...he can borrow 10 trillion, or even 100 trillion, it won't matter, because the dollar isn't going to be worth anything anyway when Obama is in his Presidency. The US economy is going to collapse, so borrowing 2 trillion then is like borrowing 10 bucks today.

These people in Washington really have no idea what is coming.

A McCain/Hillary ticket is coming......just wait for it

If that happens, I think the whole country is going to riot...no way Obama can lose fairly...he's got a huge lead over Clinton...

But stranger things have happened in this pseudo-democracy-roundabout-fascist nation before. Let's just hope that if there are shenanigans again, that at least one person involved at a high level will blow the lid off the whole thing. If they don't, then there is no hope left for democracy anymore in America.

ferrofluid's picture

getalife @ 3:

The con leaders of Mexico, Canada and w are meeting to discuss trade without Congressional approval.

I wonder if they signed the North American Union. Now would be the time to ram it down our throats.

Amazing how the job of 'US President' changed from being 'day-to-day administrator' to being 'megalomaniac policy warrior'
Its almost as if we dont need a Congress any more to make laws, policys and do the funding things.

ronhohn's picture

In my younger days, I had AMEX, Diners Club, Carte Blance, Americard and a bunch of others, all pretty much maxed out until one day I looked at the interest I was paying every month and what I could buy with that.
It took me a while to get them all paid off, but now credit cards pay me rebates,
I have no idea how much interest is paid every year on the $10T we owe, nor do I have any idea what all that money could be used for. Maybe Healthcare for everybody for several years?

ferrofluid's picture

ConcernedCanuck @ 7:

Drew @ 5:

wait -- what?

He wants to borrow 2 trillion more dollars??? Hahahaha...he can borrow 10 trillion, or even 100 trillion, it won't matter, because the dollar isn't going to be worth anything anyway when Obama is in his Presidency. The US economy is going to collapse, so borrowing 2 trillion then is like borrowing 10 bucks today.

These people in Washington really have no idea what is coming.

A McCain/Hillary ticket is coming......just wait for it

wash yer mouth out with acid please, even joking thats in bad taste ;)

ronhohn's picture

O'Reilly's gonna crap - Hillary is on with Keith

ferrofluid's picture

ronhohn @ 12:

In my younger days, I had AMEX, Diners Club, Carte Blance, Americard and a bunch of others, all pretty much maxed out until one day I looked at the interest I was paying every month and what I could buy with that.
It took me a while to get them all paid off, but now credit cards pay me rebates,
I have no idea how much interest is paid every year on the $10T we owe, nor do I have any idea what all that money could be used for. Maybe Healthcare for everybody for several years?

The private banks that own the Federal Reserve love funny money and interest.

getalife's picture

ferrofluid @ 11:

getalife @ 3:

The con leaders of Mexico, Canada and w are meeting to discuss trade without Congressional approval.

I wonder if they signed the North American Union. Now would be the time to ram it down our throats.

Amazing how the job of 'US President' changed from being 'day-to-day administrator' to being 'megalomaniac policy warrior'
Its almost as if we dont need a Congress any more to make laws, policys and do the funding things.

Yeah, nobody is watching them except Lou Dobbs and a rep from Ohio.

ferrofluid's picture

ronhohn @ 14:

O'Reilly's gonna crap - Hillary is on with Keith

Billo doing an 'elvis' sounds good to me

getalife's picture

KO is kissing up to Clinton.

She does have a brain.

ferrofluid's picture

slippy hussein toad @ 2:

ronhohn @ 1:

Firstest

Uselessest.

soreloseress, somebody has got to be first and it was ronhohn muhhahhahaha ;)

Ruthless People's picture

Bill: If Hillary were running in the Republican primary she'd be winning http://blogs.abcnews.com/politicalradar/2008/04/bill-clinton-un.html

Well, she's been acting like a Republican of late maybe she should switch parties?

ferrofluid's picture

Oil is now one hundred and seventeen dollars a barrel ! F%$@

ferrofluid's picture

Subprime mess batters Bank of America

Bank of America said it had earned $1.21 billion, or 23 cents per share, down from $5.26 billion, or $1.16 per share, a year ago.
Analysts had been expecting earnings of 41 cents per share.

The bank's shares were down 2.5% to $37.61.

1% expected earnings per share, actual 0.6%, inflation is 4% and people like to get a return on investments of 10 or 20% pa.
investing money in the stock market these days is worse than just dumping your money into the bank and saying sod it.
Unless I am missing something radical and obvious about stocks and shares, this is like burning money for fun.

ronhohn's picture

should have been 'soreloserest'

ronhohn's picture

#22
What happeened to all the clowns who want to privatize SS?

Is the fiasco really the sub-prime loans or raising the Fed rate from 1% to 4.25% (Prime rate 4% to 7.25%) which more than doubled a mortgage payment? The value of property only matters when buying or selling, in addition to insurance and tax valuation.

I think the payments forced people to get out, and then the devalued property hit them.

ferrofluid's picture

the boss of BAC about his futile plans for 2008

Lewis has said his goal for 2008 was to grow profit by at least 20%.

'or lose his job and accept monster severance package' which is prob being written up by his lawyers right now.

ferrofluid's picture

interesting freudian use of the word 'was' , he doesnt use 'is'

slippy hussein toad's picture

ferrofluid @ 19:

slippy hussein toad @ 2:

ronhohn @ 1:

Firstest

Uselessest.

soreloseress, somebody has got to be first and it was ronhohn muhhahhahaha ;)

I don't care who's first. I do care that if they have nothing to say I'd appreciate if they'd keep their mouth shut. That's just old-school Slashdot speaking, though. If this were a self-moderated site, first posters would be auto-banned after a very short period of time.

ronhohn's picture

'If this were a self-moderated site, first posters would be auto-banned after a very short period of time.'

Does this compute?
You ban the first, then the next becomes the first, you ban him, and on and on?

AgentX's picture

Okay, lemmie get this straight;
McCriminal's plan is to cut everything from government spending expect for HIS OWN healthcare, Social Security, and the War on/in Iraq?

Wouldn't that essentially turn us into a Military dictatorship?

Reasonstein's picture

Why would anyone want to pay for Bush's (and McCain's) endless Iraq war, whenever a tax bill comes? John McCain must be so bad with economics, he doesn't even know who's on the $1 bill. He also doesn't make sense when he says that he's a "fiscal conservative" but supports a 100-year war that could cost $14 trillion+. If McCain, like Bush, couldn't manage a bank, then how are they to serve the country and OUR interests?? - I paraphrase Bush not being able to manage a bank to a bumper sticker I recently saw that said, "George W. Bush couldn't manage a laundromat." Long question short, why should the American taxpayers pay for the republicans' fiscal wrecklessness??

rain's picture

How did this "ape" get this far in the election? I thought I was uneducated - I know more about economics than the mcclain clown!!

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