Cangress?

The coming Great Depression 2 in 2011. 29 indicators:

1. America's credit rating may soon be downgraded below AAA
2. Fed refusal to disclose $2 trillion loans, now the new "shadow banking system"
3. Congress has no oversight of $700 billion, and Paulson's Wall Street Trojan Horse
4. King Henry Paulson flip-flops on plan to buy toxic bank assets, confusing markets
5. Goldman, Morgan lost tens of billions, but planning over $13 billion in bonuses this year
6. AIG bails big banks out of $150 billion in credit swaps, protects shareholders before taxpayers
7. American Express joins Goldman, Morgan as bank holding firms, looking for Fed money
8. Treasury sneaks corporate tax credits into bailout giveaway, shifts costs to states
9. State revenues down, taxes and debt up; hiring, spending, borrowing add even more debt
10. State, municipal, corporate pensions lost hundreds of billions on derivative swaps
11. Hedge funds: 610 in 1990, almost 10,000 now. Returns down 15%, liquidations up
12. Consumer debt way up, now at $2.5 trillion; next area for credit meltdowns
13. Fed also plans to provide billions to $3.6 trillion money-market fund industry
14. Freddie Mac and Fannie Mae are bleeding cash, want to tap taxpayer dollars
15. Washington manipulating data: War not $600 billion but estimates actually $3 trillion
16. Hidden costs of $700 billion bailout are likely $5 trillion; plus $1 trillion Street write-offs
17. Commodities down, resource exporters and currencies dropping, triggering a global meltdown
18. Big three automakers near bankruptcy; unions, workers, retirees will suffer
19. Corporate bond market, both junk and top-rated, slumps more than 25%
20. Retailers bankrupt: Circuit City, Sharper Image, Mervyns; mall sales in free fall
21. Unemployment heading toward 8% plus; more 1930's photos of soup lines
22. Government policy is dictated by 42,000 myopic, highly paid, greedy lobbyists
23. China's sees GDP growth drop, crates $586 billion stimulus; deflation is now global, hitting even Dubai
24. Despite global recession, U.S. trade deficit continues, now at $650 billion
25. The 800-pound gorillas: Social Security, Medicare with $60 trillion in unfunded liabilities
26. Now 46 million uninsured as medical, drug costs explode
27. New-New Deal: U.S. planning billions for infrastructure, adding to unsustainable debt
28. Outgoing leaders handicapping new administration with huge liabilities
29. The "antitaxes" message is a new bubble, a new version of the American dream offering a free lunch, no sacrifices, exposing us to more false promises

Read the whole article.

Bwahahahaha!

Bluegal, your films are just so fab!

Looks like that African-American butler to the White House mentioned in that WaPo article is getting a movie deal.

Barry's Homeland Security pick. Zimbabwe is still screwed. GE has to recall over 240,000 conventional ovens.

The Senate hates the working-class. Bush hates endangered species. Spain finally acknowledges the Franco victims.

It cut out the sodium in their meals.

Not asking you spam them, but feel free to respond to their asinine comments such as the following:

I cannot imagine it will stay dormant forever, especially in an administration that will likely try to implement some of the things Mikey loves (to happen to other people), like stealing via outrageous taxes from anyone who works for more than a living wage and populist crap like bread and circuses. Free money for all! Tax the rich until there are no rich anymore, it’s only fair!

The problem here is that Obama won, at least in part, because he toughened his message on terrorism.

They tax their employers to death and regulate their companies into the ground.

What does the poll question, "Is the country on the right-track or the wrong track," really mean?

I would answer no, because of bad economy, policies favoring the rich, too much religious incursion into our government, whereas someone else can give the same answer, but believe it's because we're getting away from trickle down economics and want more religion in the state.

The AFA is staging a boycott on companies that are inclusive during holiday season and use languagae that would make Jews, Muslims, Hindus, atheists and others feel welcome.

The right wing is demanding, under threat of boycott to economically hurt any company that does not specifically mention Christmas. They do not care if a store is not Christian-owned and they do not care who they hurt.

I have reprinted their list, with all appropriate contact information. Please pass alonmg, asking other progressives to shop from these stores and contact the companies in appreciation.

We need to neutralize the hate these people spew out.

Spread it far and wide.

I have the list up at:
http://scootmandubious.blogspot.com/2008/11/f...