Why Conservatism is dead: McCain: Our economy, I think, still the fundamentals of our economy are strong.
McCain: You know, that there's been tremendous turmoil in our financial markets and Wall Street and it is -- people are frightened by these events. Our economy, I think, still the fundamentals of our economy are strong. But these are very, very difficult times.
With the bad news hitting Wall Street about the demise of Lehman Bros and the sell off of Merrill Lynch---the financial markets are collapsing all around us and it's all because of conservatism. McCain's policies are the same as Bush and when McCain says that he is a reformer, well....that has no bearing on fixing the failing financial institutions. Republicans do not want regulations. Period. McCain will not fundamentally change anything regarding our economy except to come up with new talking points about how bad CEO's are. If nothing else, the last eight years have shown us that conservatism is dead. Update: McCain had to come back out today and quickly try to take back these remarks.This just proves the point that he does not understand the economy enough to lead us out of this quagmire.
Obama's camp:
Today of all days, John McCain's stubborn insistence that the 'fundamentals of the economy are strong' shows that he is disturbingly out of touch with what's going in the lives of ordinary Americans. Even as his own ads try to convince him that the economy is in crisis, apparently his 26 years in Washington have left him incapable of understanding that the policies he supports have created an historic economic crisis," said Obama campaign spokesman Bill Burton.
They need to immediately produce a series of ads attacking McCain on conservatism and that puts the blame squarely on his shoulders for this latest Wall St. meltdown. This is a time when Obama can control the news cycle and make McCain respond to him.
unbelievable. "They must think we're stupid". to paraphrase.
I think McCain is referring to and counting on the fundamental: the electorate is retarded.
And he's right, that fundamental is strong.
And now kiddies it's Cognitive Dissonance Time!
It's time to get down and dirty folks:
http://www.youtube.com/watch?v=5Ey5MK4zAUQ
McCain Serenades Gramm: ‘50 Ways to Leave Your Hoover’
http://satiricalpolitical.com/?p=2057
Filthy Harry @ 2:
now, now, let's not use that mean word...can we just agree that the electorate are idiots and too many of them are conservatives?
"no one gets an Oscar for going full retard"
http://www.236.com/blog/w/lee_camp/mccains_voice_mail_to_palin_le_8644.php
Off-topic, but here's a satire of a McCain/Palin phone conversation.
I am not sure that the most inappropriate comment was not that of Obama
when he said "The American people are not stupid." I think the evidence is still out on that.
The fundamentals of McCain's personal economy are quite strong.
Conservatism has been dead since Ronald Reagan.
It is all about the great swindle. Privatize everything, take the money and run.
Promise tax cuts but don't cut spending.
Borrow and spend, that is what they do, they are good at it.
Of course these are only "difficult times".
What the hell does the public know about hardship. He was a POW! No one knows hard times like he and his family do.
He's like our own Joan of Arc, only with a penis.
What kind of freak would vote Grandpa after hearing shit like that? Psychotic old bastard should be confined....to one of his NINE fucking homes.
No more Republican economics! These last four years are ENOUGH!
GOP go home! GOP go home!
McCainiac truly lives in a dream world. Must be nice there. For him.
Gosh, what a freakin' tragedy.
I don't know what is more pathetic...a candidate who is obviously so out of touch with reality that it boggles the mind...or a public that has it's head so firmly buried in the sand, that they refuse to see it.
sorry long but good
Senator Joe Biden - The Case for Change
Saint Clair Shores, MI
Monday, September 15, 2008
Eight years ago, a man ran for President who claimed he was different, not a typical Republican. He called himself a reformer. He admitted that his Party, the Republican Party, had been wrong about things from time to time. He promised to work with Democrats and said he’d been doing that for a long time.
That candidate was George W. Bush. Remember that? Remember the promise to reach across the aisle? To change the tone? To restore honor and dignity to the White House?
We saw how that story ends. A record number of home foreclosures. Home values, tumbling. And the disturbing news that the crisis you’ve been facing on Main Street is now hitting Wall Street, taking down Lehman Brothers and threatening other financial institutions.
We’ve seen eight straight months of job losses. Nearly 46 million Americans without health insurance. Average incomes down, while the price of everything -- from gas to groceries -- has skyrocketed. A military stretched thin from two wars and multiple deployments.
A nation more polarized than I’ve ever seen in my career. And a culture in Washington where the very few wealthy and powerful have a seat at the table and everybody else is on the menu.
Eight years later, we have another Republican nominee who’s telling us the exact same thing:
This time it will be different, it really will. This time he’s going to put country before party, to change the tone, reach across the aisle, change the Republican Party, change the way Washington works.
We’ve seen this movie before, folks. But as everyone knows, the sequel is always worse than the original.
If we forget this history, we’re going to be doomed to repeat it -- with four more just like the last eight, or worse. If you’re ready for four more years of George Bush, John McCain is your man.
Just as George Herbert Walker Bush was nicknamed “Bush 41” and his son is known as “Bush 43,” John McCain could easily become known as “Bush 44.”
The campaign a person runs says everything about the way they’ll govern. The McCain-Palin campaign has decided to bet the house on the politics perfected by Karl Rove. Those tactics may be good at squeaking by in an election, but they are bad if you want to lead one nation, indivisible.
I count John McCain as a friend. I’ve known him since before he was a Senator. If he needed my personal help, I’d go. He served our country bravely, nobly. But America needs more than a great solider, America needs a wise leader.
Take a hard look at the positions John has taken for the past 26 years, on the economy, on health care, on foreign policy, and you’ll see why I say that John McCain is just four more years of George Bush. On the issues that you talk about around the kitchen table, Mary’s college tuition, the cost of the MRI for mom, heating our home this winter -- John McCain is profoundly out of touch.
Senator McCain has confessed, quote, “It’s easy for me to go to Washington and frankly, be somewhat divorced from the day-to-day challenges people have.” And he’s right, if all you do is walk the halls of power, all you hear are the wants of the powerful.
I believe that’s why Senator McCain could say with a straight face, as recently as this morning, and I quote “the fundamentals of our economy are strong.” That, “We’ve made great progress economically” during the Bush years. But friends, I could walk from here to Lansing, and I wouldn’t run into a single person who thought our economy was doing well, unless I ran into John McCain.
John McCain just doesn’t seem to understand what middle class people are going through today. I don’t doubt that he cares. He just doesn’t think that we have any responsibility to help people who are hurting.
My dad used to have an expression: “Don’t tell me what you value. Show me your budget, and I’ll tell you what you value.”
By that measure, John McCain doesn’t stand with the middle class. He stands with George Bush firmly in the corner of the wealthy and well-connected. He stands with the CEO of Exxon-Mobil, who, while testifying before my Senate judiciary committee swore to me under oath that Exxon-Mobil didn’t need the tax breaks they’d been given to explore for oil.
John McCain is so firmly in their corner he thinks the Exxon-Mobils of the world should get an additional $4 billion dollars a year in tax cuts.
He stands in the corner of the wealthiest Americans by extending tax cuts for people making over a quarter million dollars a year, and then adding more than $300 billion on top of that for corporations and the wealthy.
There is simply no daylight – at least none I can see -- between John McCain and George Bush.
On every major challenge we face, from the economy, to health care, to education and Iraq, you can barely tell them apart.
Don’t take my word for it, look at the record. Ninety percent of the time, John McCain votes with George Bush.
Here’s what that means:
When George Bush called for Social Security to be privatized, John McCain stood with him – he even campaigned for that roundly rejected plan.
When George Bush says that the government has no obligation to re-train or provide extended unemployment benefits for people who have lost their jobs due to trade agreements,
John McCain echoes that view, and has said that Bush is “Right on trade… absolutely.”
When George Bush said we shouldn’t investigate why the government’s response to Hurricane Katrina was so incompetent, John McCain stood with him.
When George Bush initially opposed a new GI Bill that would send a new generation of veterans to college, John McCain stood with him, calling Senator Webb’s effort too generous.
When George Bush blocked our efforts to provide health care to another 3.8 million children, John McCain stood with him.
And when, in early 2007, George Bush suggested that the health care benefits you get through your employer should be taxed as income, John McCain stood with him. And now, ladies and gentlemen, John McCain has resurrected that idea, and made it an essential part of his health care plan.
Issue after issue, vote after vote, the story is the same.
In the last 16 years, he’s voted 23 times against the renewable energy – wind, solar, biofuels -- we need to free ourselves from foreign oil.
Since he arrived in the Senate over 20 years ago, he’s voted more than 19 times against the minimum wage.
In 1994, I wrote and we passed a Crime bill that put 100,000 new police officers on the street, 3,300 of them here in Michigan, provided shelters and security for tens of thousands of battered women, and helped lead to an eight year drop in violent crime. John opposed the crime bill and the Violence Against Women Act it contained, calling them “ineffective” and “ill conceived.”
Time and again John voted against increased funding for Pell grants to help families with incomes under $55,000 send their kids to college.
Time and again, John McCain voted to make it harder for women to achieve equal pay for the same work – making it harder to prove, and punish, discrimination. He even voted against a study to determine if there is a gap between what men and women are paid. Twice.
Governor Palin says all senators do is vote. Well, just imagine what the country would look like if John’s votes had become the law of the land.
In John McCain’s America, we wouldn’t guarantee that more of energy would come from wind, solar, and other renewables. The minimum wage would still be $3.35 an hour. There would have been 100,000 fewer police on the beat. There would have been no national domestic violence hotline for the 1.5 million women who were in crisis and needed somewhere to turn.
Over 160,000 members of the Guard and Reserve who answered their country’s call and served more than one tour in Iraq or Afghanistan would get no credit towards an education for their additional sacrifice. Fewer parents would be able to afford to send their kids to college. And women who were discriminated against on the basis of pay would more difficulty making their case. Thank God that’s not the America we live in.
John McCain recently said: “the issue of economics is not something I’ve understood as well as I should.” Then he proved it by the advisors he chose to surround him – advisors who have further cocooned him from the reality facing the rest of us. People like Phil Gramm. The man who wrote John McCain’s economic plan actually said, repeatedly, that we’re not going through an economic recession. Phil Gramm says it’s just a mental recession. That we’re a nation of whiners.
Tell that to my friend who flew jets for the Navy and then went to work for a commercial airline for over 20 years – only to see his pension wiped out while his CEO got a golden parachute. Don’t tell me that he is a whiner.
Don’t tell me that the woman I met in Missouri who worked for the Chrysler plant for 13 years making minivans and lost her job when production moved to Canada is a whiner.
Don’t tell me that an engineer who sees his job go overseas because his company has been given a tax break to leave instead of one to stay is a whiner.
Don’t tell me that these people, people who are our nation’s heart and soul – deserve to be treated as economic scapegoats.
These people worked hard, they did everything right, and they’re willing to work hard again. But instead of their government supporting them, their government walked away from them. Nobody stood up for them.
Barack and I will.
What is John’s response to the state of the economy? Let me quote him: “A lot of this is psychological.” Let me tell you something: Losing your job is more than a state of mind.
It means staring at the ceiling at night thinking that you may lose your house because you can’t get next month’s mortgage payment. It means looking at your pregnant wife and not knowing how you’re going to come up with the money to pay for the delivery of your child, since you don’t have health care anymore. It means looking at your child when they come home from college at Christmas and saying “Honey, I’m sorry, we’re not going to be able to send you back next semester.” It’s not a state of mind. It’s a loss of dignity.
When you and your economic advisors are so out of touch, it’s no surprise that your economic policies ignore the challenges that normal families face.
Let me just give you one more example. In the midst of this housing crisis, John McCain said, “I will fight for those that lost their… real estate investments.” He went on to say, “It's not the role of government to bail out big banks or small borrowers.” What about small borrowers? What about homeowners? What about the people who don’t invest in homes, but live in them? There’s an important distinction between the predators and the preyed upon.
I heard that a Republican County Chairman right here in Michigan said that they’re keeping a list of foreclosed homes, suggesting that if you’ve lost your home, you should also lose your vote. I have a different idea. I think that if you’re worried about losing your home, you should vote for the guys who are going to help you keep it!
Whatever happened to the guy, who once denounced tax cuts for the wealthiest Americans in a time of war as immoral.
When someone running for election changes his views to satisfy the base of the party, that’s not change, that’s just more of the same Washington game. The problem is that in the Washington game today, the American people are losing.
Ladies and Gentlemen, as of today, there are 50 days until Election Day. That’s just seven more weeks to talk about the direction we’re going to take this country, to talk about the issues of concern in your lives, to talk about you. But as his campaign manager has said, and I quote, “This election is not about issues.”
When Senator McCain was subjected to unconscionable, scurrilous attacks in his 2000 primary campaign, I called him on the phone to ask what I could do. And now, some of the very same people and the tactics he once deplored his campaign now employs. The same campaign that once called for a town hall a week is now launching a low blow a day.
Barack and I can take it. That’s not what bothers me.
It bothers me that -- as one media watchdog put it -- John’s recent commercial is the, “latest in a number that resort to a dubious disregard for the facts.” As another news organization put it: The wheels have come off the straight talk express.
But what really bothers me, is that every punch thrown at us --- is an attempt to distract you. And they can be plenty distracting.
Like the McCain advertisements that misrepresent a vote by Barack Obama to protect young children from sexual predators. Like Senator McCain’s effort to obscure the fact that Barack Obama’s tax cuts will benefit 95 percent of all working people. Like John McCain’s attempt to cloak himself in reform by misrepresenting his running mate’s record.
It’s disappointing to me to think that John McCain really does approve this message.
Every false debate we’re drawn into is a real conversation we don’t have with the American people. Character attacks get media attention, but they make this election about us when it really needs to be about you.
Barack Obama believes that progress in this country is measured by how many people have a decent job where they’re shown respect. How many people can pay their mortgage. How many people can turn their ideas into a new business. How many people can turn to their kids and say “It’s going to be okay” with the knowledge that the opportunities they give will be better than the ones they received.
That’s the American dream. That’s what the people in my neighborhood grew up believing. And I want our kids to have the same dream.
Barack Obama starts from that vision of progress and will do what it takes to get us there.
That’s why his tax cuts - benefit the middle class. That’s why he’ll make it easier for families to afford college for their kids. That’s why he says everyone should be able to have the same health care that members of Congress have. That’s why his energy plan will reduce our dependence on foreign oil, bring down gas prices, and, in the process, we’ll create five million new green jobs. Those are the changes we need.
Yes, this campaign is about change, but it’s about even more than that. It’s about what we value as a people. It’s not just about a job, it’s about dignity. It’s not just about a paycheck. It’s about pride. It’s not just about opportunity. It’s about respect. That’s why Barack and I are in this race.
We know we need change if we’re to restore dignity, pride, and respect. We know America’s best days are ahead of us, and we know why we’re here.
We’re here for the for the cops and firefighters, the teachers and assembly line workers, the engineers and office workers, the small business owners and the retiree.
All of the folks who play by the rules, work hard, and do what is asked of them. They deserve a government as good and an economy as strong as they are.
We’re all are Americans. There has never been a challenge too great. The stakes have never been higher.
My father always told me, “Champ, when you get knocked down, get up. Get up.” It’s time to get up. It’s time to trust the grit and determination of the American people.
America is ready. You are ready. I am ready. And Barack Obama is ready. Our best days are yet to come.
May god bless America and may God protect our troops.
for the last time, you do not always put "an" in front of "historic!"
"an crisis?" now, where is my thumping stick?
John, I know he has said this before but, IS HE REPEATING IT?
If the Dems can't make hay out of the situation on Wall St. then they are as incompetent as the Rethugs. Get at it or give up!
John McCain believes that $5 million is middle class.
So, he sees no problems.
wow . . . he REALLY does not like talking about the economy. you can put lipstick on a failing economic ideology, but its still a failing economic ideology.
Fundamentally Sound? Has he been huffing? Our banks are going down like domino's and he thinks are going swimmingly? Christ! I need a drink right now.
Snidely Whiplash @ 7:
oh that's friggin hilarious
You are right!! If only Obama would start using the word "republicans" in his statements. He surely cannot tie this crap to the republicans, if he won't use the word in any of his statements. How bad do they want it, is the question!!
Conservatism may be dead, but racsim is alive and well. McCain will win easily. I wonder what the second Great Depression will be like...
Greenspan: Crisis 'Outstripping Anything I've Seen'
By Associated Press | September 14, 2008
COMMENT|SHARE|PRINT|EMAIL
WASHINGTON — Without offering a recommendation, the former Federal Reserve Chairman, Alan Greenspan, said today the American government faces tough choices as it tries to help arrange a rescue of Lehman Brothers without using public money.
He cautioned that more major American financial institutions may fail in the future, but the government should not protect them all.
The weight of the housing and credit crises, he added, "is in the process of outstripping anything I've seen" and has yet to run its course. "It will continue to be a corrosive force until the price of homes in the United States stabilizes," perhaps next year, he said.
I think now is a great time to bring out Bill Clinton in an ad talking about and comparing the economies of the nineties vs. the past 8 years.
Bring out the Social Security privatization plan of McCain - would YOU want your retirement tied up in the current market????
I know you are, but what am I? This, ladies and gentlemen, has made Karl Rove "a" historic figure.
When the right wingers say that the "fundamentals are strong" what they mean is that they believe in the economic equivalent of God. The free market is the "fundamentals." They are the fundamentalists of economics. Their god is the "invisible hand." Time to get rid of these economic religious zealots. There is no all knowing invisible hand, there is only us. We have to act responsibly and sensibly. That means management of markets and market participants. Left unmanaged, disaster is always looming, whether it's to the economy, the environment, workers, consumers, etc.
" Jobless in California Says: I think now is a great time to bring out Bill Clinton in an ad talking about and comparing the economies of the nineties vs. the past 8 years.
Bring out the Social Security privatization plan of McCain - would YOU want your retirement tied up in the current market????"
Well said.
Only a person with 7 homes and a wife that spends $ 300,000 for one dress would utter such nonsense.
AAARRRRGGGHHHH McCain is insane
Actually conservatism is a roaring success...just ask the top 1% of the country.
NYU Stern school of business Professor Nouriel Roubini has accurately predicted exactly what has been going on for the last several years.
The fundamentals aren't sound and we're looking at the much, much, more bad news including banks runs.
Here is his video interview with Bloomberg.com
Roubini Says U.S. Financial Industry Facing `Disaster'
http://www.bloomberg.com/avp/avp.htm?N=av&T=Roubini%20Says%20U.S.%20Fina...
This just proves McCain doesn't understand a single thing about economics. How can we have strong fundamentals if the dollar is so weak?
Dear American People:
How many times do you people need to be hit over the head with a 2 x 4 before you realize who it is who is beating you?
To McCane:
"Brother, can you spare a home? How about a plane? Maybe just some beer?"
Use this video over and over again. When October rolls around and we Northeners our paying out a fortune to heat our homes, let's see how many people think we are 'Fundamently Sound.'
General Pavel Rennenkampf Xocoyoztin @ 13:
You mean, 8 years.
Wall Street Republicans long abandoned the U.S. investment market. Even Dick Cheney has essentially all of his investments in foreign funds and out of the dollar.
They'll let the American people take the hit...then buy back in on the cheap.
It's the wonder of the free market!!
Unfortunately, the GOP as masters of the media and the dialog will manage to convince the moron American sheeple that anything bad about the economy is the fault of the Democrats in Congress, as well as Clinton (and maybe Carter). I think that the "Democrats are at fault" message will resonate no matter how Obama responds, and I think that taking control of Congress in the last two years of the disastrous Bush Maladministration was a HUGE mistake by the Dems that will ultimately result in the GOP retaking control.
The U.S. has a long way yet to fall.
"My economy is essentially sound." - John McCain
We're in the Tom Petty economy.
remember this gem mcLiar about his knowledge
regarding the economy. if i was obama i would show
this do a YouTube smack down of the 'maverick'
http://www.youtube.com/watch?v=_OunCv-7qvA
David Flores @ 4:
please tell me this will air.
Watching MSM trot out these Repug talking points is getting tiresome. Blackburn all these other broads makes me want to pull my hair out! Don't these broads have jobs, you now, looking after the people in their district?
A fortuitous coincidence, serendipity or synchronicity?
http://www.uclick.com/client/nyp/nq/
AM - PDT 41 Liberal AND Proud Says: “My economy is essentially sound.” - John McCain
____________________________________________________________________
We can't all marry sugar daughters.
Bush just said that the economy is strong and everything is okay.
It's incredibly sardonic that the media is trotting out Greenspan to remark on the very predictable outcomes, of his hard work and his policies.
Liberal AND Proud @ 42:
Are you referring to his character in "The Postman?"
I swear I heard Bush give the EXACT same speech a fews weeks ago.
On msnbc they were showing a little of a talk McCain was giving today somewhere, and guess who was sitting on the front row? Jeb Bush.
"Liberal AND Proud @ # 11"
" He's like our Joan of Arc..."
Let's not get carried away.
Conservatism won't be dead until someone convinces the American electorate that it doesn't work. As it is now, most of them have no idea why we're in the mess we're in now. Hell, most of them think the Cons are best suited to get us out of the fucking messes THEY created!!
Regulations?!?!? You mean a system of acceptable business practices that provide checks and balances to promote fairness and discourage fraud?!? Sorry Bub!! That's not the Republican way!
SCHRODINGER'S CAT @ 52:
Don't forget how that worked out for Joan...
Three words define the road we've traveled and the place we've come to, this brave new world of Capitalism so queerly characterized by the axiom privatized profit and socialized loss, 'Contract on [with] America.'
Remember those halcyon days of Newt Gingrich and the clarion call to deregulate government? This, at long last, is the tree grown to bear its bitter fruit. Eat hardy, and give thanks to former congressman, Bush appointee and veteran Republican advocate of all things Newt, SEC Chairman Christopher Cox. He carried the torch even as others fell. Heckofa job Chrissy.
HAHAHA, this is too rich.
Required reading for today:
http://www.counterpunch.org/whitney09152008.html
http://www.counterpunch.org/morici09152008.html
"Liberal AND Proud @ 42:
We’re in the Tom Petty economy.
Weaseldog Says:
Are you referring to his character in “The Postman?”"
No...we're FREEEEEEE...FREEEE FALLIN'.
Can't MSM focus on anything else other than the election? Iraq, Afghanistan, HealthCare, Gas Prices. Just pick one! My head is exploding here!
No, this is not correct. The problem is due to thieves, con artists and crooks.
None of whom are even remotely near conservative.
With true conservative leadership, like Ron Paul, or, say, Barry Goldwater,
all this shit would have never happened.
I heard a rumor that John McCain has bought 30 seconds of prime time to enlighten the country on his knowledge of the economy.
John McCain:
"The fundamentals of our economy are strong."
I thought this sounded familiar:
"The fundamentals of our economy are strong"
GW Bush, 8/10/2007
http://www.swamppolitics.com/news/politics/blog/2007/08/bush_fundamental...
pissed off patricia @ 51:
Working the remote control, no doubt...
Rick Street @ 44:
I just made it this morning and put it up on YouTube. Anyone wants to get it on the air is welcome to try and has my full support and permission.
Mike V. @ 57:
Counterpunch.ORG is required reading every day. Heh.
http://marketplace.publicradio.org/display/web/2008/09/15/chris_low_asse...
'It's going to be a really tough year'
And now, the fallout. More of the same seems to be the common prediction. As for who next, AIG seems to have been nominated for that post. . . .
Yes, it says MORE of the SAME. It ought to be a campaign slogan by now: More of the Same with McCain.
Weaseldog @ 49:
Duuuude, Tim Costner is a bad actor.
Tom Petty is a great musician, who wrote the song "free falling" which I am certain was the original poster's reference.
I don't get out much, but come on.... :-)
Where's the Pretzelnit?
Has he broken into the WH liquor cabinet? Or did he ransack Laura's medicine cabinet?
Oh this is rich.
Here we are aboard the USS economy. Admiral McCain at the helm.
XO: Sir, we're taking on water!
McCain: Don't worry. The fundamentals are still sound.
XO: The Subprime mortgages just torpedoed us.
McCain: Damn the torpedoes! Full deregulation ahead!
I hope lot's of McCain supporters lose a lot of money. I hope they all lose their homes. It would serve them right. Laugh... Laugh...
And yet dear democrats...
this presidential race is still a dead heat......
If things are so bad, why isn't obama leading?
Be worried. Be very worried.
and the sad thing is: the evangelicals won't care.
it's *all* about abortion or gay marriage or family or whatever.
Where are our Republican leaders?!?!
Where's the Chimperor? Where is McCain? Shit...where's Phil Gramm?
Liberal@68, He is out back playing with Barney.
maybe we like-minded folks ought to band together for a group discount on travel and resettlement in a civilized western democracy.
It's time to call a spade a spade on this economic scam.... This is the end result of the last thirty years of Reagan instigated supply side economics coming home to roost.... These were republican conservative ideas born of a need to win elections by toadying to the already rich.... That's what it was, what it is and what history shows flat out... And todays continuing economic meltdown, slowly spreading out from Wall St. to the rest of the worlds ecomomies is what has resulted from these republican weak oversite financial policies which are and have been since day one at their core.. Selfish ideas and concepts.....................JD
Rick Street @ 44:
wow.......that's a good one minute smackdown...on mcLiar
I tried to make people understand even back then that there was a reason why the regulations were put into place in the first place. Earlier generations found out the hard way that the average capitalist cannot be trusted to do the right thing if left to his/her own devices.
Fuck, I hate Cons more today than I ever have. They are 100% to blame for the terrible direction our nation is headed. Fuckers!! Of course, without dumbass sheeple, the Cons couldn't do a fucking thing. So, I guess they're just as to blame as the Cons. Maybe more so. You can't fault a wolf for wanting to eat sheep. But if the sheep willingly go with the wolf to its den, then it's the sheep's fault, is it not?
Jack Damage @ 76:
jack,
The race is a dead heat.
Explain that
Fox News calling McCain a liar now? ...........................Holy smokes
On Fox News today, host Megyn Kelly called out Tucker Bounds on the McCain campaign’s lies that Obama will raise taxes on the middle class.
WTF! is the world ending?
49 Weaseldog Says: Liberal AND Proud @ 42:
We’re in the Tom Petty economy.
Are you referring to his character in “The Postman?”
____________________________________________________
I thought it was to this reference to trickle-down economics:
http://www.youtube.com/watch?v=GLCJEYLIBQY
Liberal AND Proud @ 58:
Ahh!! Very appropriate! :)
Billy Says: "The financial markets are collapsing and it’s because of conservatism.
No, this is not correct. The problem is due to thieves, con artists and crooks.
None of whom are even remotely near conservative.
With true conservative leadership, like Ron Paul, or, say, Barry Goldwater,
all this shit would have never happened."
BS!! One of the main Con principles is deregulation and deregulation is at the heart of this mess!!
"tx Says: Fox News calling McCain a liar now? ………………………Holy smokes
On Fox News today, host Megyn Kelly called out Tucker Bounds on the McCain campaign’s lies that Obama will raise taxes on the middle class.
WTF! is the world ending?"
This may be the first sign of the Apocalypse.
Quick...is Palin speaking in tongues yet?!?!
Tyler Durden @ 67:
Who's Tim Costner? :)
There are worst actors than Kevin Costner. I thought it was good adaption of David Brin's novel. In fact leaving out the sci-fi aspects made it a better story IMO.
Tom Petty had a small part in the movie.
When does Cindy McCain go on TV to wail about how the bad economy has impacted her...and how she may have to sell one of the condos.
Phil Gramm... McCain's Economic Adviser...
A.K.A. Enron Phil, Foreclosure Phill
http://www.motherjones.com/news/feature/2008/07/foreclosure-phil.html
@ 72 bryancri Says: and the sad thing is: the evangelicals won’t care.
it’s *all* about abortion or gay marriage or family or whatever
-----------
They teach and preach that God will provide, unless you are a sinner. That is the catch. Of course, everyone is a sinner, so if God doesn't provide you simply get your just desserts. What a scam.
McCain is showing he is more like Bush every day. Bush didn't have control of anything, he was told what to do and what to say by others. Still is. McCain is going down that same path, letting others dictate how his campaign is run, what to say and how to act. He has no control over himself, none at all. He's not running for the President, the back room is.
The average American voter is a moron ..........
Interestingly, a person can look back a bit and see this as a convergence of events, a perfect storm in the making.
First there was the Bush coronation and all it represented ideologically, politically to the nation. Then there was Osama bin Laden and his band true believers. Was it God, Allah or fate that created these converging vectors?
Seldom does civilization see change like the one we're witnessing, so rapid and complete if seemingly seen in slow motion. And like those twin towers, that nudge that pushed Humpty off the wall, monumental icons take some bit of time to collapse and fall.
Rick Street @ 44
Excellent.
McMetal@90
......and most bigots are morons.
John J @ 16:
i wish that everyone (including joe biden, himself) would stop saying that hillary might have been the better vp pick for obama . . . this speech kicks ass, not in the lofty, obama way, or in the smooth, play-to-the-crowd hillary way, but in the smart-but-"i feel your pain" style of bill clinton . . . there is substance here, not just rhetoric
sarah palin is going to pale in comparison to this man in a debate
Bring on the pain! Bring on the McCain!
I think the GOP should have McCain out there all day, talking about his views on the economy.
Where's Sarah...we need her insights on this!
SARAH! SARAH! SARAH!
C'mon GOP...you're lettin' me down!
Where's Phoffenfeiffer, or Fluffenheffer or whatever her name is? She should be out there!
C'mon...bring on Tucker! Hoo Hoo Hoo.
if you haven't viewed this video i recommend it. it's about 'tax cheats'
and tax havens. 1.5 trillion u.s. dollars are sheltered a loss of 100billion
in tax losses....it's 'economic warfare'...ubs warburg is one of the banks
involved as told by a whistleblower
http://therealnews.com/t/index.php?option=com_content&task=view&id=31&It...
I'm so disappointed in the GOP response.
I mean...it's only a mental recession.
@ 90 MCMetal Says: jm @ 79 Sats :
Jack Damage @ 76:
It’s time to call a spade a spade on this economic scam…. This is the end result of the last thirty years of Reagan instigated supply side economics coming home to roost…. These were republican conservative ideas born of a need to win elections by toadying to the already rich…. That’s what it was, what it is and what history shows flat out… And todays continuing economic meltdown, slowly spreading out from Wall St. to the rest of the worlds ecomomies is what has resulted from these republican weak oversite financial policies which are and have been since day one at their core.. Selfish ideas and concepts…………………JD
jack,
The race is a dead heat.
Explain that
The average American voter is a moron ……….
-------------
The average American gets his/her news in sounds bytes and doesn't read a news paper, doesn't read or care about in depth analysis.
The average American seems to be more concerned with God, guns, gays and immigrants, than remaining employed, climbing energy prices, a collapsed economy and wars on two fronts.
The average American would rather see "someone I could sit down and have a beer with" in office than someone who is intelligent, experienced, informed and a true leader.
The average American will use the excuse "I voted for McCain because Sarah is a Christian" rather than explore any of the other issues in the campaign.
The sky is not falling. It's only an atom bomb. Ignore it.
The GOP needs to come out strongly in favor of privatizing Social Security.
And they need to discuss their healthcare plan...which will reduce Medicaid.
Only by cutting these socialist programs can America be saved!
C'mon John...c'mon Sarah...you're letting down the base!!!
THIS would be the time for Obama to shut the McCain machine down and talk issues. Whenever the McCain team tries to smear, tell people we just had one of the worst days in Wall Street since '87 and all the other side wants to do is distract from the very important issues.
Simply put: What fundamentals?
I doubt Conservatism is dead. But Reaganomics certainly is.
Where are the "Reagan proved deficits don't matter" Republicans now?
"Don't tax - borrow!" is dead. Reality just came knocking.
I doubt very much the public is putting much faith in "the magic of the marketplace" right now. Unfortunately, I suspect that chestnut will be around for years to come. Ideologically motivated wishful thinking is a powerful force even when not justified by politico-economic 'theories' of Friedman & Co. (now that's 'just a theory', unlike Evolution)
Let's hope this finally debunks it enough to be put in the 'wrong' pile together with 'our guy' Keynes.
Next to “Vice President Paris Palin,” the four scariest words in the English language are:
“Treasury Secretary Phil Gramm”
and, of course, there's the terrifying
"Secretary of State Bolton"
The time is ripe now for real change more then any other time in our country. It's now up to the dumbed-down electorate to see through the same Karl Rove smokescreen used to elect Dumbya twice. The transparency of the McBush campaign has never been more clear. WAKE THE HELL UP, AMERICA!
And now...for your moment of Zen.
"The economy is essentially sound...a lot of our problems today are psychological."
- John McCain
""You've heard of mental depression; this is a mental recession...We have sort of become a nation of whiners," - Phil Gramm
How about these two for republican running mates?
http://images.amazon.com/images/G/01/video/stills/muppets2-large.jpg
JM@79;
Well, I think MCMetal@90 pretty much answered your question guy.... At least for the 59 million that put Chimpy in the second time... Regardless, doesn't change one word of what I said is ultimately behind this craporama. The only thing I left out were some of the specific names of the perps making out on it, and those names are many and go back 30 years or better. Phil Gramm, as has been mentioned along with Greenspan himself, and McCain as well, are but a few of those many who have made out on this scam one way or another. And however many those numbers of wealthy may be, they still pale in comparasion percentagewise to the vast majority of the worlds population who are getting screwed by these people, their policies and ideology....JD
Get a suntan, McCain.
Liberal AND Proud @ 106:
"I'm John McCain and I suffer from Cognitive Psoriasis."
John J @ 16:
Hmm... I post less than half this much just as relevant material
and it gets whacked to "save bandwidth" ??
John McCain: A noun, a verb, and POW.
Doesn't all of this trace back to Phil Gramm's lobbying? He and his wife who juggled the books for ENRON and his insipid V-shaped smile.
"I'm a Master of the Universe!" - Wall Street broker, circa 2000
"Would you like fries with that, sir." - Wall Street broker, circa 2008
within the last few days it was announced that 4 million homeowners
are in pre-foreclosure status. what was interesting is this loans are also
prime loans not just subprime loans.
currently the inventory of homes for sale is currently around 700k units.
there's all kinds of explaination for this: subprime,derivatives,bundling
...i call it greed.
"constituent Says: within the last few days it was announced that 4 million homeowners
are in pre-foreclosure status. what was interesting is this loans are also
prime loans not just subprime loans.
currently the inventory of homes for sale is currently around 700k units.
there’s all kinds of explaination for this: subprime,derivatives,bundling
…i call it greed."
I call it GOP party platforms for the last 28 years.
The guy's senile, sick, psychopathic, deluded, what-have-you.
Unfit for office.
And the moon is made of green cheese.
Dear Mr. McCain: Find a shuffbleboard court in Arizona and STAY there.
Vote for Flight Safety: Vote AGAINST John McCain.
When is Bush going to land his fighter plane on the roof of Halliburton headquarters and declare mission accomplished?
Here's your ad:
Cue up dramatic music, show newspaper article(preferably from WSJ) that says bin Ladin wants to bankrupt America or somehow hit us economically, show multiple clips of McCain saying he doesn't know anything about the economy. Show this morning's headlines about Lehman Brothers and Merril Lynch going bust, then run video of McCain saying economy is strong. End it with a Rovian flourish of "Does McCain even know how to defeat the terrorists?" followed with a McCain video spot of "I don't know anything about the economy"...serve hot.
John THE BUSH REPUBLICAN McCain.... A noun, a verb, and THE ECONOMY IS STRONG ! ! !
i call it greed.
I call it GOP party platforms for the last 28 years.
Can one of you guys explain the difference to me?
innocent bystander @ 94:
Biden loves to talk, and he loves to fight. You know the McCain camp is bracing for this. ... hell, they're probably throwing a barbecue for the moderators.
Dow Jones down 327 points.
George Bush..."economy adjusting".
John McCain..."economy fundamentally sound".
Sarah Palin..."I told Congress...thanks...but no thanks..."
Dow off by 326 .. and there's still a coupla hours left in the trading day!!
Liberal AND Proud @ 123:
More McCain:
Cancel your vacation, take a second job, tighten your belt to get through these tough times. Quit whining.
"...But these are very, very difficult times...."
They sure are. Times made difficult by the "any-crime-goes", "bleed-'em-'til-they're-dry", "steal-anything-you-can-get-your-hands-on", "fuck-everybody-but-the-rich", "pirates-at-the-helm", "make-your-great,great-grandchildren-foot-the-bill" policies that McCain wants to continue.
The GOP not only thinks we're stupid, they think we are brain dead and as immoral as they.
Surging Blue Lensman Says: Can one of you guys explain the difference to me?
The difference is very simple. Calling it greed absolves the GOP of any responsibility due to their policies for 27 years. Greed basically limits responsibility to a small number of "bad apples". And THAT is going to be the GOP response.
No. This debacle is the result of direct market manipulation, bad policy, deregulation, etc. A policy promulgated by ONE party...the GOP...with NO discussion of any type of limitation or set of controls.
governor sarah palin the republican vice president nominee.
palin is also called the 'reformer'...... really:
raised taxes on oil co. profits in alaska
was for the 'bridge to earmarks' before she was against it.
took $17k per diem to live at her own home
And the reason why the losses on Wall Street are not bigger today...is because I am sure they have turned off the program trading.
Perhaps Bush should give the country one of his pep talks tonite.
I think the President needs to show leadership and be front and center on this.
He is our dear leader.
Liberal AND Proud @ 113:
I'll drink (coffee) to that!!
I swear I heard Palin speakng about the crisis in the financial sector and she blamed to MUCH regulation? It was deregulation that even ALLOWED banks to mess with hedge funds. The bankng industry lobbied the republican congress for most of the nineties for the ability to take the risks they are failing from!!!!! WTF!!!! What is wrong with the MSM ? they should be doing 24 hour coverage of how regulations have come and gone on Wallstreet! How about a little history for fucks sake! It's not really rocket science, Banks used to be held to standards and so did non-bank entities, now the two have merged with deregulation they took the same risks and they failed, some risks are too high, if you want to gamble go to Vegas. These insitutions gambled billions and billions with hardly any collateral, because requiring cash to offset risk was not required due to Deregulation. Imagine if Bear Sterns, Leihman et al, went to Vegas and went to play roulette, they bet 10 billion on red with 1 billion in cash, would the public or shareholders allow that? Well they might as well have some of the financial instruments now days make Roulette and a 50% chance of winning or losing seem sane. Not to mention if they want to bet make sure they have the money to lose, making risky bets on credit or non existant capital is an idiot move if I ever heard one.
Read the book "the drummer in the dark" by t. davis Bunn it;s fiction but in 2001 he called the hedge funds banks deregulation thing big time. Greed is NOT good, and wall street is all about greed you HAVE to have regulation.
Liberal AND Proud @ 130:
that's just cruel . . . isn't life irritating enough these days without having to see chimpy front and center?
OT--
Pink Floyd founding member Richard Wright dies at 65:
http://news.yahoo.com/s/ap/20080915/ap_on_en_mu/eu_britain_pink_floyd;_y...
Liberal AND Proud @ 130:
He'll time any talk to coincide with an Obama speech, so as to step all over it and neuter any coverage.
When will people wake up?
The NeoCons are THIEVES.
Not just LIARS .. they are THIEVES.
All their "economic theories" are a SHAM, a SCAM.
They've used ALL the financial markets to kite an enormous PONZI SCHEME.
It's a House of Cards .. and it's gonna crash hard.
The "Investor Capitalists" are sucking all the cash they can from the system, preparing for the crash THEY are causing.
Then THEY have all the cash and can buy up whatever they want at firesale prices.
It's how they took all the American family farms and replaced them with Industrial Agriculture (Archer Daniels Midland) during the Reagan years.
Pump up a financial bubble, get all the suckers to invest, then pull all YOUR money out -- sucking out all the smaller investors and crashing the bubble, then re-investing in the devalued property at firesale prices.
Just like Lucy holding the football for Charlie Brown.
"Mike says: " swear I heard Palin speakng about the crisis in the financial sector and she blamed to MUCH regulation?"
LOLOLOL! I'm glad to see that the GOP has become more progressive by being more "equal opportunity" in its approach to its assmonkies.
edit:
They pump up a financial bubble, get all the suckers to invest, then pull all THEIR money out — sucking out all the smaller investors and crashing the bubble, then re-investing in the devalued property at firesale prices.
This is a little email rant of mine to a group of Ms.Palin Water-Carriers:
Let's Face It
Hatred is The #1 Motivator of This Election on Both Sides
The hatred of liberals has long been established. A day hasn't passed since the election of Bill Clinton, that FOX News and/or talk radio hasn't bashed liberals for one thing or another. That hatred spilled over and liberals have progressed to equal the political resentment towards conservatives . As you may notice, I also hate conservatives. They represent to most liberals an overbearing Nazi-like force full of religious fanaticism and fascism. They want to extend their chains of an outdated fantasy that this modern and diverse society can somehow go back to their reclusive form of Christian "American" culture.
When I say I hate conservatives, I do so with the honesty only liberals can admit to, while Christian conservatives who continually display the exact same hatred towards liberals, they quickly take refuge behind the teachings of Jesus on this one issue and claim that "they hate no one." Christian conservatives have this bad habit of talking the talk without walking the walk of Jesus as if Jesus would actually support their extreme rightwing capitalistic views. The New Testament obviously screams out to its readers that Jesus is indeed both a peace-keeping liberal and a compassionate socialist in every fiber of his being! Social conservatives pick and choose scripture out of context then conform them to their materialistic lifestyles that is so full of resentment towards the poor "victims" of our society.
If luke-warm conservative, John McCain and his social conservative extremist VP pick win this election, there will be two powerful forces to deal with in the coming years ahead. The minority races of our diverse society will undoubtedly uprise against these icons of racial and cultural suppression and a division may easily escalate into a real revolution that many 3rd party candidates (Libertarians and fiscal conservatives) have been talking about from the beginning.
If liberals like Obama and Biden get elected, the socially conservative electorate will feel even more threatened by the "supported" diverse society and will inevitably continue to become even more diverse as years tick away. Social conservatives will continue to feel more and more helpless in their influence to maintain a reclusive society aimed towards their out-dated views of Americanism. These conservatives will soon realize that they cannot stop the train of progression, instead Christian conservatives will be forced to yell, "Stop this train, I want to get off!"
These social conservatives see progression as prophetic calamities being fulfilled through their beliefs in a book that has been revised over and over again and has been used to supports hundreds of different doctrines and religions. It's the pulpits of these rightwing churches that define the way their sheep should interpret questionable scripture. Yet these theocratic leaders of the Christian Right insist on taking their individualistic interpretations of this Book of Fables and putting it to work in our secular government?
Just like the words of which your family values hockey mom said so (dis)ingeniously,
"Thanks but no thanks to this Theocratic Bridge to Nowhere!"
By their very nature markets require regulation.
Markets are based on the concept of property rights.
Property rights are a legal concept - they don't follow "laws of nature."
Deregulating markets makes as much sense as deregulating traffic laws.
"Just take down all the stop lights and let the traffic regulate itself."
I guess its a good thing I was already poor before this shit started. I know how to live off of bones and potatoes. A lot of people are fucked though.
Liberal AND Proud @ 130:
http://www.youtube.com/watch?v=h1LTtQvWrq4
JGR Says: "Just like the words of which your family values hockey mom said so (dis)ingeniously,
“Thanks but no thanks to this
TheocraticBridge to Nowhere!”That should be Obama's campaign slogan. "Thanks, but no thanks to McCain's bridge to nowhere."
JGR @ 139:
Hey...can I copy this and forward it to everyone in my address book? This is not only chock full o facts...BUT it's written quite well!
Better than I could have written it. This should be sent everywhere.
BobbyG @ 135:
I think Obama probably knows this and will wait until after Chimpy stumbles through another insufferable speech.
liberalNmoderation @ 144:
Be my guest. Thank You for your compliment (-:
Required @ 32:
I don't think the top 1% would want to hear what I want to ask them.
JGR @ 146:
Awesome! Thanks!
And you're quite welcome!
mountainman23 @ 140
Exactly! I said that to my wife yesterday, what if they deregulated the driving laws, then the "market" can regulate itself. Drive reckless and crash or kill yourself or others is just a "market correction" Sure some people can still drive slow you won't be affected by people weaving and driving 140mph plus. It'll be just as safe as it was (NOT) it will just be "self correcting" who needs laws when physics works just fine. 200 mph trader in a Ferrari, meet bridge abutment, you've been free marketed.
Conservatism isn't dead... it just hasn't been applied.
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