The Economic Populist
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Productivity - Wage Gap Grows
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Jobs For U.S. Workers Stripped Out of Stimulus Bill Behind Closed Doors - Update It Lives!
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The Equation Defined
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US oil supplies at a 36½ year low, SPR at a 39 year low; oil+products supplies at an 18½ year low
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Universal Living Wage
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Krugman Defines a New Economic State - Purgatory
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Productivity - Wage Gap Grows
- 42488 reads
Jobs For U.S. Workers Stripped Out of Stimulus Bill Behind Closed Doors - Update It Lives!
- 26181 reads
The Equation Defined
- 39650 reads
US oil supplies at a 36½ year low, SPR at a 39 year low; oil+products supplies at an 18½ year low
- 185056 reads
Universal Living Wage
- 30310 reads
Krugman Defines a New Economic State - Purgatory
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The Golden Rule
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Will the NY Attorney General Bring Doomsday Charges Against Wall Street? If So, How Long Will He Survive?
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New York Post Claims Census Falsifies Unemployment Figures
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How Many Jobs Are Needed to Keep Up with Population Growth?
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VAT or Value Added Tax is Getting a Look in D.C.
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U3 and U6 Unemployment during the Great Depression
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The war on the middle class
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House discusses 401k/IRA confiscation
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Tax Cuts for the Rich Do Not Generate Jobs
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Yeah but truth be told on the Democratic side well, it wasn't much better that's really the issue. In places like OH, MI and so on, NAFTA was the deal killer and the WTO/China PNTR was the rage builder. So, they see both parties as corrupt, little difference and then it comes down to cultural things, who they believe is the least horses ass and this is also part of the taxes stuff. They feel that since they are getting royally screwed by their government even when they pay a lot of taxes...they should at least pay less taxes when....getting royally screwed by their government.
Blue people just don't understand Red people, but there is more to the story than is advertised. ;)
You know this can't be fixed, right? It's over. Been over for years. But you can still make money betting against America. Even if you live here, you don't have to be a victim of the crash.
I, personally, have no interest in punishing the bad guys. The Americans voted them in -- twice in a row. They got what they deserved. And, I'm not convinced they won't vote them in again in 2008.
We will soon lose our reserve currency status. Deservedly so. I do feel bad for the American people, but they are broken, and quite dangerous to tie your destiny to.
My understanding is lobbyists have literally swarmed the hill on this bailout....like fire ants, chewing away any integrity that a legislator might have left.
It appears to get our nation back we might be subject to the scorched Earth policy as these soulless eating machines march on to their villas in the Caymans.
I agree and right now the obvious answer is multi-fold...
1. create a HOLC for it's been proven to generate profits and it's completely bottom up, gives all of the breaks to the homeowners
2. regulate immediate CDSes and repeal immediately the Commodity Futures Modernization Act (this affects oil speculation as well)
3. repeal immediately the Gramm-Leach-Bliley Act
4. SEC start immediately regulating
5. Seems like this one is already happening, since the news just broke the FBI is investigating Fannie/Freddie/AIG and Lehman. You would think Bear Sterns would be on that list along with Countrywide, BoA, WaMu, Etrade and on and on.
Here's the thing I find most amazing. Hillary Clinton has a lot of these plans in place. We all thought she was the ultimate bought and paid for candidate and some of her proposals are the above. Oops!
Today I was actually quite surprised that gold didn't shoot through the roof because there are a couple of things I don't have the answer to, but hopefully others here will write posts on...and that is the federal deficit risking plain default and the other is trashing the dollar.
There is so much going on here and now the new buzz word is "main street" ...ha ha ha! Pretty difficult to get solutions passed by our government when they do not represent main street except for the valiant few and they plain do not have enough in numbers in Congress.
...economic destruction. And the democrats were all traitors when the lobbyists paid them to pass it.
Just think -- if mortgages had been extended, when necessary to 40 years instead of 30 -- no foreclosures would have happened. No banks would have lost any money.
And none of the rest of this crap would have happened either.
Biden is a whore. Had I voted for this bill, I would resign immediately in shame.
...toxic paper from our foreign lenders (treasury buyers), without whom we could not exist for another day. That's pretty clear to most of us global players.
But it does present some awesome money making opportunities -- some slam dunks -- for speculators and ordinary Americans, as well. The bailout will crash the dollar, making this a fine time for call options or just simple currency transfers into Suisse, for example.
US dollar set to be major casualty of Hank Paulson's bailout:
To me, that's a sure thing.
It's always a bull market somewhere.
laws, they won't let them modify the bad bankruptcy bill (Biden thank you so much!) to enable judges to let people keep their primary residences as well as renegotiate those primary mortgages.
I'm sure they won't let the US taxpayer have actual equity
Right o, "not enough banks will ask" if they can't basically rape the American people and get free money...especially those foreign banks.
This is ridiculous and I'm now really wondering of saying...let the entire system implode, as threatened by Paulson and Bernanke...ok, now what happens to the US in that case in comparison to this blood sucking in this case?
And....to top off this cherry there are no guarantees this will work and many economists are saying it would simply be a band-aid and stave of the inevitable a few months down the road.
...if I'm understanding your post correctly.
There will be no equity position acquired for taxpayers in this rescue. No way. Ain't gonna happen.
Both Bernanke and Paulson stressed repeatedly -- that if that was a condition "not enough banks would ask for relief" to save themselves or the nation's economy.
Heh.
They are now spewing, ushering, sputtering Populist notes but the reality of a real solution is already there.
Clinton has some detailed plans and they are being completely ignored!
HOLC is a good start for this and that's what is needed, the people who are victims need the bailout and as far as these global banking systems, well, I'm seriously wondering what happens if they just plain let 'em burn.
Take the $700B and create the ultimate VC fund that goes directly to the people. What would that do to liquidity yet let this ponzi scheme collapse once and for all.
Aha! The FBI is now investigating:
Fannie Mae, Freddie Mac, Lehman Brothers and AIG!
The plot thickens!
Robert. I spent a few hours zooming through various parts. I believe each and every senator had a chance to cover his ass for future youtube clips. Each was able to appear thoughtful and reluctant, concerned for the taxpayers and constituents. As per usual.
I predict it will pass by the end of the week.
As it should. That gives savvy folks time to cash out and head to safer currencies.
But probably the best we can hope for. IF the democrats actually get this tacked on, basically what they've assured is that the taxpayers *WILL* be paid back for the bailout, eventually.
I say not nearly good enough because I'm not at all sure this financial-instrument-by-fiat-bound economy is worth saving at all, and it certainly does nothing to actually punish those responsible.
That cow picture was very appropriate, they are trying to milk us!
Most of the time the districts are so rigged plus the parties so entrenched, you cannot get rid of a corporate representative to save your soul.
I can think of a host of districts in California this way...there is no way a Republican can win and they make sure there are no serious challenges in the Dem primary.
Guaranteed job, regardless of what they do.
This is my kind of rep. Now I wonder if my representative will issue a similar protest?
Since this is economic war on the middle class the way to get even is to take their cash and leave them penniless.
BTW: Now the MSM is acting like a 500 pt drop in the stock market is the end of the world.
Are they kiddin'?
They don't know the meaning of a true stock market crash.
No way should Congress write a blank check over a lousy 1000 point drop, that's ridiculous.
It was a timeline on everything Paulson has said to date on the economy and after whatever he said, the segment noted he was dead wrong.
Then, I think we all know about Dobbs blow hard commentary he did one of those.
I was impressed with the alternation!
Regional non-transferable currency with *distributed* banks.
That way, the states could each print their own money, and if this sort of thing happens again, you'd never be more than 500 miles from being able to assassinate the guy responsible.
Was the Treasury Secretary on Lou Dobb's show?
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