Yes, It’s A Wreck, But We Can Fix It

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  • Posted By: cani77 @ 10/17/2008 2:14:59 PM

    THE GREAT BUSH DEPRESSION
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    He perfectly predicted the current meltdown and the picture he paints about what will happen next
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
    The government took them over because they are bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
    the credit markets are frozen and all of us may suffer beyond anything seen in generations
    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand how its been broken.
    It is no surprise that he doesn't. The people that make up these securities use quantum mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He was the last to know somthing was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a budget surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
    which means running the biggest smear campaign in history.
    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that
    Stand up and hold them accountable
    Bush isn't on the ballot this year but his policies are
    Elect Obama Biden 2008






    Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: RO in Reno @ 10/17/2008 10:35:52 AM

    The unfortunate fact is the economic policies of the past eight years are so shortsighted that providing cash to the banks to loan is to continue the insane policies not to fix them.
    I've seen statements by so called economists the economy of the US is now based on the value of homes and as soon as they go up and the banks have the resources to loan on the equity everything will be just fine.
    That people and banks did exactly that is a significant part of the current problem.
    Not to mention housing already out of the reach of most Americans will only be further out of reach.
    Thats a solution? That' goes beyond shortsighted it's insane.

    We have had an economic policy that is a brand of Corporate Capitalism, that is based on the CEO's having the wealth and it will somehow trickle down to the most economically disadvantaged in the country.
    Well it didn't work, 28% of Americans have now fallen below the poverty level and increasing by a million a year as we speak.

    Bush has kept the unemployment down by creating government jobs to offset the loss of private sector jobs, and has increased the size of government by 40%, supported by the diminishing middle class tax payer.
    There is; in all probability is no quick fix.
    But the handwriting is on the wall, The "Corporate Capitalism that has been stuffed down the throat of America does not work, it after all was first created by a man with absolutely zip for business experience and furthered by a man who's only business experience was failing business's at the expense of the tax payer, putting the SBA money in his pocket. Then promotes the most elitist brand of economic policy possible, and stuffing it down your throat.

    When the one thing that made America different from the rest of the world is once again part of the economic plan is reborn and we see a bottom up economy that includes all Americans installed, there will not be a solution only a continuation of the decline of America.
    That one thing? Free enterprise.
    And you will not get it from a Republican, they are the party of the elite and cannot see it any other way.
    So we cannot expect the begininng of change to get started anytime before the end of January

  • Posted By: Jim Johnson @ 10/16/2008 1:43:19 PM

    Obama's view of the future of America - Socialism which is the next step to Communism!!


    Under socialism a ruling class of intellectuals, bureaucrats and social planners decide what people want or what is good for society and then use the coercive power of the State to regulate, tax, and redistribute the wealth of those who work for a living. In other words, socialism is a form of legalized theft.

    The morality of socialism can be summed-up in two words: envy and self-sacrifice. Envy is the desire to not only possess another's wealth but also the desire to see another's wealth lowered to the level of one's own. Socialism's teaching on self-sacrifice was nicely summarized by two of its greatest defenders, Hermann Goering and Bennito Mussolini. The highest principle of Nazism (National Socialism), said Goering, is: "Common good comes before private good." Fascism, said
    Mussolini, is "a life in which the individual, through the sacrifice of his own private interests??realizes that completely spiritual existence in which his value as a man lies."

    Socialism is the social system which institutionalizes envy and self-sacrifice: It is the social system which uses compulsion and the organized violence of the State to expropriate wealth from the producer class for its redistribution to the parasitical class.

    Despite the intellectuals' psychotic hatred of capitalism, it is the only moral and just social system.

    Capitalism is the only moral system because it requires human beings to deal with one another as traders--that is, as free moral agents trading and selling goods and services on the basis of mutual consent.

    Capitalism is the only just system because the sole criterion that determines the value of thing exchanged is the free, voluntary, universal judgement of the consumer. Coercion and fraud are anathema to the free-market system.

    It is both moral and just because the degree to which man rises or falls in society is determined by the degree to which he uses his mind. Capitalism is the only social system that rewards merit, ability and achievement, regardless of one's birth or station in life.

    Yes, there are winners and losers in capitalism. The winners are those who are honest, industrious, thoughtful, prudent, frugal, responsible, disciplined, and efficient. The losers are those who are shiftless, lazy, imprudent, extravagant, negligent, impractical, and inefficient. [What about the role of luck­being in the right place at the right time or the wrong place at the wrong time? R. R. Pope}

    Capitalism is the only social system that rewards virtue and punishes vice. This applies to both the business executive and the carpenter, the lawyer and the factory worker.

    • Posted By: RO in Reno @ 10/17/2008 9:35:46 AM

      If you go to Wikipedia.org and check the word Capitalism you will find at least a dozen variations, what we have had in this country is a variety of corporate capitalism as amended by Reagan Voo Doo economics.
      The one significant difference between what once was America and a communist regime was free enterprise, a term you have not heard for many years.
      When free enterprise is once again a part of the American scheme, then and only then will the American dream again emerge.
      You will not get it by electing the Republican Party who holds Reagans elitist economic policy so very dear.

  • Posted By: Nowforthetruth @ 10/16/2008 2:14:00 PM

    Whether McCain won or lost is not relevant. He succeeded in the first half hour to plant the seeds of a Reagan style wipeout. Reputable historians and economists overwhelmingly agree that the taxation imposed by and the "Sstimulus" spending and public works programs of FDR actually deepened and prolonged the Great Depression. It was the production demands of WWII that got the economy going again. And when the war was over, the economy promptly went into recession.

    Point is, Obama's programs are tax and spend, and it does not really matter who he taxes, those taxes are going to be passed through the economy. Any first year economics student knows that taxation is a tool used to contract an economy experiencing inflation, because it reduces demand by reducing the amount of money individuals and businesses have to spend. It is contractionary, which is exactly what you do not want to do when the problem is that the economy is contracting already into recession. Like FDR, Obama's plans will only make it worse for longer.

    Obama's tax and spending plans alone would be bad enough, but add Wright and Pelosi to the mix, with the three of them controlling both houses of Congress and the executive without and effective restraint, and you have something that should be something that causes concern even among moderate Democrats. Don't think so? Watch and listen to a C-SPAN video clip of the Congressional hearings at roughly the time McCain's attempt at S.190. to fix fannie and freddie.

    http://www.youtube.com/watch?v=_MGT_cSi7Rs

    • Posted By: Nowforthetruth @ 10/16/2008 8:17:31 PM

      Sorry, meant Reid, not ex speaker Wright. Same difference.

  • Posted By: Nowforthetruth @ 10/16/2008 8:16:24 PM

    Baby I'll be there to take your hand,
    Baby I'll be there to share the land
    That they'll be giving away, when we all live together.

    So, in the exchange with "Joe the plumber" we find out that Obama really is as radical as his early political acquaintances, and is into the failed economic policy of wealth redistribution. Yahoo, back to the 70's we go! So now we know that an Obama presidency really would be as if it were Carter's lost second term after all.

  • Posted By: Nowforthetruth @ 10/16/2008 12:51:05 AM

    Bill Clinton points to liberal Congressional Democrats' protection of Fannie and Freddie from scrutiny as a primary cause of the current economic meltdown.

    http://www.youtube.com/watch?v=XsynspIqAoE

    To prove Bill Clinton's point, this is a link to a C-SPAN video clip of the Congressional hearings at roughly the time McCains attempt at S.190. to fix fannie and freddie.

    http://www.youtube.com/watch?v=_MGT_cSi7Rs

    "Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis"

  • Posted By: Nowforthetruth @ 10/15/2008 12:36:42 AM

    "Press Releases

    AJC Strongly Condemns Rev. Jesse Jackson's Comment on American Jews
    October 14, 2008 - New York - The American Jewish Committee (AJC) has condemned the Rev. Jesse Jackson's statement about 'Zionists who have controlled American policy for decades.'
    "Rev. Jackson's remarks, which appeared in an interview with the journalist Amir Taheri in today's New York Post, echo classic anti-Semitic conspiracy theories about Jewish power," said AJC Executive Director David A. Harris. 'This statement, regrettably, is not the first troubling comment by Rev. Jackson regarding Israel, Zionism and the Jewish people.'

    Arguing as a private citizen that an Obama administration could bring significant change to U.S. foreign policy, Jackson was quoted as saying that "Zionists who have controlled American policy for decades" would lose much of their influence should Senator Obama be elected president."


    http://www.ajc.org/site/apps/nlnet/content2.aspx?c=ijITI2PHKoG&b=849241&ct=6107743

    And people are upset about raciest comments some in the crowd are allegedly saying at Palin events? Isn't this the same Democrat leader who once called New York "Hymietown"?

  • Posted By: doggon @ 10/14/2008 8:35:33 PM

    They have a budget,then they must be the only one that do.

  • Posted By: Cantabrigian @ 10/14/2008 7:10:47 PM

    NObama has out-spent his challengers 3:1 He is BUYING THIS ELECTION with your $$$$$!

    Which tells us one thing, and only one thing about him. He is BUYING THIS ELECTION! with YOUR $$$$$.

    YOU FOOLiSh people . . .

    The issue is the economy and you the American voters will trust your future with a man who has no executive experience, no administrative experience and was a volunteer community leader!

    ARE YOU CRAZY?

    How much do you want to bet that his wife is the one who balances their home budget????

  • Posted By: doggon @ 10/14/2008 1:22:59 PM

    America is being held for RAMSOM
    Yes BUSINESS you can fix it,You hold the american people HOSTAGE so that washington is force to give you money we don't have so that you can make more money to have A BIG PARTY.

  • Posted By: Nowforthetruth @ 10/12/2008 10:43:25 PM

    Bill Clinton points to liberal Congressional Democrats' protection of Fannie and Freddie from scrutiny as a primary cause of the current economic meltdown.

    http://www.youtube.com/watch?v=XsynspIqAoE

    To prove Bill Clinton's point, this is a link to a C-SPAN video clip of the Congressional hearings at roughtly the time McCains attempt at S.190. to fix fannie and freddie.

    http://www.youtube.com/watch?v=_MGT_cSi7Rs

    "Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis"

    The link below describes how some of those Democrats in Congress tried to use the original version of the bailout bill to divert money eventually recovered to groups like ACORN. See: Wall Street Journal

    http://online.wsj.com/article/SB122247015469280723.html?mod=googlenews_wsj

    And here is Lou Dobbs reporting on ACORN corruption and ties to Obama, including Obama Campaign paying ACORN $800,000 for voter registration activities, and Obama representing them when he was a practicing attorney.

    http://www.cnn.com/video/#/video/bestoftv/2008/10/09/ldt.tucker.acorn.under.fire.cnn

  • Posted By: Nowforthetruth @ 10/12/2008 8:26:50 PM

    This link of a CSPAN video clip may help set the context, as these hearings were at the time of McCains attempt at S.190.

    http://www.youtube.com/watch?v=_MGT_cSi7Rs

    "Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis"

  • Posted By: cani77 @ 10/12/2008 4:35:43 PM

    In a few weeks we will make a choice that will decide our future.
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
    The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
    the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
    It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
    which means running the biggest smear campaign in history.
    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that .
    Elect Obama Biden 2008


    Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: cani77 @ 10/12/2008 4:35:34 PM

    In a few weeks we will make a choice that will decide our future.
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
    The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
    the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
    It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
    which means running the biggest smear campaign in history.
    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that .
    Elect Obama Biden 2008


    Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: cani77 @ 10/12/2008 4:35:25 PM

    In a few weeks we will make a choice that will decide our future.
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
    The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
    the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
    It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
    which means running the biggest smear campaign in history.
    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that .
    Elect Obama Biden 2008


    Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: RandyHiggins @ 10/12/2008 2:18:22 PM

    The end of the USSR came because they were trying to maintain the image of military superiority. The end of free market capitalism (for now) arrives because we have been trying to maintain the image of financial superiority. We will recover in a new economy, when the old alliances and vested interests are dissolved. Just as the health care system in Russia collapsed, there will be systems which collapse and tremendous suffering during the recovery. The collapse was predictable. Rome collapsed because of the demand for financial and military superiority. The Empire couldn't pay for either. As there was then, now there may be a Dark Age before the Renaissance. Smart people have made stupid decisions. No one is really good at fixing problems when things are going well, how can we believe that there is someone smart enough to fix the economy now?

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