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Happy days are here again

Discussions about the economic and financial ramifications of PEAK OIL

Re: Happy days are here again

Unread postby TreebeardsUncle » Fri 19 Sep 2008, 18:59:16

It looks like a lot of the deadbeat mortgages are going to be transferred to the federal budget deficit. This expectation combined with the outlawing of short selling on financial stocks has pushed the DOW up over 11,000 again. All sectors except for consumer staples were up today which indicates that folks there expect a recession to have been again averted for awhile. Picked up XTO yesterday, but missed the boat on DVN. The

g
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Re: Happy days are here again

Unread postby ki11ercane » Fri 19 Sep 2008, 19:17:42

$this->bbcode_second_pass_quote('ProudFossil', '')$this->bbcode_second_pass_quote('Heineken', 'N')o, just send them a little more of your money IF you're making more than $250,000.

If you're making less than that, you get to send them less AND you get a check for $1,000 in Monopoly money.

Is that so hard to understand?

A detail the GOP always leaves out as it attempts yet again to pull the wool over the sheeple eyes.

I don't stand for any particular party, but I really despise the lie you're perpetuating here, Fossil.


You sir are an idiot. how do you think the Black Messiah is going to pay for all the stuff he wants to do? If you believe that Biden was kidding when he said paying higher taxes is the patriotic thing to do then you are even dumber than I thought. As a typical liberal you think that only the rich will be paying more. WRONG!!!

I guarantee that within six months after the election, your taxes will go up at least 15%, at all levels. Osama wants to raise the death tax, the gains tax, all kinds of taxes. He wants to repeal the Bush tax cuts. That in itsel will raise your income taxes about 20%.

BUt you don't care. You think it is nice to give freeloaders a pass.

Give me a break, dumbkoff.



Funny I made the exact same prediction in another post I made and the Americans that replied said "that will never ever happen."

As I previously indicated before, if the U.S. Government wants to clear their desks of their debt (speaking of National Debt) they will simply take it from the Taxpayer and short of armed conflict within the borders of the U.S. by it's Citizens (which will never happen no matter how many Conspiracy or Tin Foil theories or Patriotic fervor that is spoken of) you will pay.

I can see endless jokes coming in the next 6 months amongst American subprime mortgage owners vs. American taxpayers:

"How many Americans does it take to screw in a lightbulb inside the house of a foreclosed subprime mortgage holder?"

300,000,000

In reality, the joke is on the U.S. Citizen. Somehow, in a matter of 48 hours, it has become acceptable to go into debt, declare either personal or corporate bankruptcy, and the Taxpayer will pick up the tab. Thanks to your elected officials.

Sounds like the Socialist light switch just went on.

The only way Americans are going to stop this is to march on Washington and literally overthrow the government, which again will never happen. Unfortunately like in Canada, Apathy rules.

Look on the bright side, Bloomberg estimates the cost to the U.S. taxpayer to be only 500 billion dollars for this Mass Bailout. That's only $1666.67 per citizen over one presidential term or $416.67 per year. Pittance. Your government will easily make that back by raising Federal Fuel Tax and personal income tax. The sadness about all of this is your government has literally given your Citizens and corporations to screw up and "it's ok" the government (aka YOU because the government's debt is your debt) will bail them out.

If God truly Blesses America, He's now charging for it.
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Re: Happy days are here again

Unread postby Byron100 » Fri 19 Sep 2008, 19:44:46

$this->bbcode_second_pass_quote('ProudFossil', '')$this->bbcode_second_pass_quote('Heineken', 'N')o, just send them a little more of your money IF you're making more than $250,000.

If you're making less than that, you get to send them less AND you get a check for $1,000 in Monopoly money.

Is that so hard to understand?

A detail the GOP always leaves out as it attempts yet again to pull the wool over the sheeple eyes.

I don't stand for any particular party, but I really despise the lie you're perpetuating here, Fossil.


You sir are an idiot. how do you think the Black Messiah is going to pay for all the stuff he wants to do? If you believe that Biden was kidding when he said paying higher taxes is the patriotic thing to do then you are even dumber than I thought. As a typical liberal you think that only the rich will be paying more. WRONG!!!

I guarantee that within six months after the election, your taxes will go up at least 15%, at all levels. Osama wants to raise the death tax, the gains tax, all kinds of taxes. He wants to repeal the Bush tax cuts. That in itsel will raise your income taxes about 20%.

BUt you don't care. You think it is nice to give freeloaders a pass.

Give me a break, dumbkoff.


Can you give me some actual evidence for this? Raising taxes on everyone by 15-20%? I don't think ANY politician would be dumb enough (or suicidal enough) to try and pull that off...especially in a brand new Depression. (!)

It's okay you wanna vote for McCain as opposed to Obama...but attempting to give a "guarantee" that Obama will raise taxes to the extent that you suggest is taking just a bit too far, unless of course, you have some actual evidence to show for it.

I DO agree that Obama will not be able to do everything he's promised to do, and I would dare say most people would agree with me. Personally, that's the problem I have with that gentleman, him knowing full well that he cannot possibly hope to fulfill all the things he's promising. But I really, really don't want to see Bush's 3rd term either (saw that on a bumper sticker today..hehe).
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Re: Happy days are here again

Unread postby AlexdeLarge » Fri 19 Sep 2008, 20:13:22

$this->bbcode_second_pass_quote('Byron100', '')$this->bbcode_second_pass_quote('Cid_Yama', '
')------

We haven’t seen this kind of class rage in over a century. So far these Americans have been quietly complacent, waiting for the fundamental change that never comes.

It will manifest what has always been the single greatest fear of America’s ruling elite: “There’s a f*ck-load of them, and they have guns.”
link


This is exactly what I've been saying for a very long time - and people have called me nuts for it.

Guess they won't be calling me nuts for too much longer...hehe.



Did you catch the tag line for the writer of the article? Frank Lee a community organizer!!! LOL

But then so was Trotsky !!
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Re: Happy days are here again

Unread postby Ludi » Fri 19 Sep 2008, 20:20:41

$this->bbcode_second_pass_quote('Byron100', '
')Can you give me some actual evidence for this? Raising taxes on everyone by 15-20%? I don't think ANY politician would be dumb enough (or suicidal enough) to try and pull that off...especially in a brand new Depression. (!)


Image

http://www.washingtonpost.com/wp-dyn/co ... 00950.html
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Re: Happy days are here again

Unread postby Prince » Fri 19 Sep 2008, 20:22:41

$this->bbcode_second_pass_quote('Byron100', 'I') DO agree that Obama will not be able to do everything he's promised to do, and I would dare say most people would agree with me. Personally, that's the problem I have with that gentleman, him knowing full well that he cannot possibly hope to fulfill all the things he's promising. But I really, really don't want to see Bush's 3rd term either (saw that on a bumper sticker today..hehe).


I digress. I think this could be the best possible situation for true Republicans. Most Republicans or fiscal-conservative independents were never happy with McCain. But given the alternative of the racist negro, they begrudgingly supported McCain. Let's assume Obama wins--something I thought was nearly impossible nine months ago. The current situation has pissed away chances for social healthcare and his other Communist agenda. Next on the list of government bailouts will be more "stimulus" and US auto bailouts, along with energy socialism. The Republicans will slam him every chance they get for the same practices that they used. There will be no money at all left for socialism of any kind. The Iraq war (or Afghanistan, or ____) will still be ongoing at huge expense. He'll have no support from the right, and it will give the Republicans a solid four years to find their own agent of change and charisma. Hopefully they will have learned from the Bush debacle by then and will get back to their true values.
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Re: Happy days are here again

Unread postby cbxer55 » Fri 19 Sep 2008, 20:24:31

$this->bbcode_second_pass_quote('Byron100', '
')But I really, really don't want to see Bush's 3rd term either (saw that on a bumper sticker today..hehe).


You mean this bumper snicker?

A third Bush presidency anyone?

LINKADOO!

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SEE YA! Image
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Re: Happy days are here again

Unread postby Heineken » Fri 19 Sep 2008, 21:04:52

$this->bbcode_second_pass_quote('Byron100', '')$this->bbcode_second_pass_quote('ProudFossil', '')$this->bbcode_second_pass_quote('Heineken', 'N')o, just send them a little more of your money IF you're making more than $250,000.

If you're making less than that, you get to send them less AND you get a check for $1,000 in Monopoly money.

Is that so hard to understand?

A detail the GOP always leaves out as it attempts yet again to pull the wool over the sheeple eyes.

I don't stand for any particular party, but I really despise the lie you're perpetuating here, Fossil.


You sir are an idiot. how do you think the Black Messiah is going to pay for all the stuff he wants to do? If you believe that Biden was kidding when he said paying higher taxes is the patriotic thing to do then you are even dumber than I thought. As a typical liberal you think that only the rich will be paying more. WRONG!!!

I guarantee that within six months after the election, your taxes will go up at least 15%, at all levels. Osama wants to raise the death tax, the gains tax, all kinds of taxes. He wants to repeal the Bush tax cuts. That in itsel will raise your income taxes about 20%.

BUt you don't care. You think it is nice to give freeloaders a pass.

Give me a break, dumbkoff.


Can you give me some actual evidence for this? Raising taxes on everyone by 15-20%? I don't think ANY politician would be dumb enough (or suicidal enough) to try and pull that off...especially in a brand new Depression. (!)

It's okay you wanna vote for McCain as opposed to Obama...but attempting to give a "guarantee" that Obama will raise taxes to the extent that you suggest is taking just a bit too far, unless of course, you have some actual evidence to show for it.

I DO agree that Obama will not be able to do everything he's promised to do, and I would dare say most people would agree with me. Personally, that's the problem I have with that gentleman, him knowing full well that he cannot possibly hope to fulfill all the things he's promising. But I really, really don't want to see Bush's 3rd term either (saw that on a bumper sticker today..hehe).


None of them ever fulfill more than a small percentage of their promises. For example, McCain's promises to clean up corruption in Washington are a laugh.

But the promises they choose to make say something about their ideological direction. McCain will tend to favor the rich, Obama will tend to favor the middle class and the poor.

The ideology gets realized in the actions they actually accomplish while in power.
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Re: Happy days are here again

Unread postby AlexdeLarge » Fri 19 Sep 2008, 22:36:20

$this->bbcode_second_pass_quote('Heineken', 'M')cCain will tend to favor the rich, Obama will tend to favor the middle class and the poor.


Republicans don't like McCain. He is to he left of their party. And no....he is not pro business.

Obama is to the far left of the Democratic party. He is a socialist and a racist to boot. He we favor Obama and his cronies just like he did in Chicago.

Neither of these Bozos are up to the job. But then, who in their right mind would want the job??
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Re: Happy days are here again

Unread postby Heineken » Sat 20 Sep 2008, 10:15:10

As I've said it before, I don't think it matters any longer who's president. The presidential powers continue to shrink in proportion to the growth of our problems and our economic impotence.

It's largely a beauty contest, which apparently explains the future President Palin's weird popularity.

I'm more worried about an unstable person getting in there and having his---or her---finger on the nuclear trigger. A militaristic, religious whacko who believes in the Rapture could do it.
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Re: Happy days are here again

Unread postby Zardoz » Fri 26 Sep 2008, 09:00:31

$this->bbcode_second_pass_quote('', 'P')ost subject: Happy days are here again

$this->bbcode_second_pass_quote('Heineken', 'Z')ardoz is clearly right. I've given up on my doom hopes for now.

Hmmmmm. "Clearly right", huh? Not so fast, Hein. Maybe you shouldn't give up on your doomerism quite yet. We're not out of the woods at all. The jury is still deliberating.

US Bailout in Chaos, WaMu Is Biggest Bank Failure

$this->bbcode_second_pass_quote('', 'A') fresh split over a $700 billion U.S. rescue for financial firms and the biggest U.S. bank closure in history chilled markets on Friday, on doubts any agreement would be reached before the weekend.

U.S. authorities shut down top savings and loan bank Washington Mutual on Thursday, selling its assets to JPMorgan Chase while in Europe shares in Belgian-Dutch financial group Fortis came under pressure. JPMorgan said it would be business as usual on Friday morning (Ha!!!).

The FTSEurofirst 300 index of European shares was down 1.4 percent at 1,110 points at 0931 GMT, with banks among the top losers. And global bank HSBC Holdings said it was cutting 1,100 jobs or 4 percent of its workforce because of the crisis.

Shockwaves were also felt in Amsterdam and Brussels, where Belgian-Dutch financial services firm Fortis shares sank nearly 10 percent, after falling as much as 21 percent on Thursday on market concerns about its liquidity and funding.

Shares in China's second largest insurer Ping An Insurance, which has a stake in Fortis, sank 9.7 percent.

Across the world, central banks scrambled to meet a desperate demand for cash, both in their own currencies and the U.S. dollar, as news of the bailout hitting new roadblocks kept nervous banks from lending to each other.

Lawmakers critical of the deal have expressed concern that freewheeling bankers will get off too lightly and doubts over whether the plan can solve the wider credit crisis.

...Lawmakers face the most serious financial crisis since the Great Depression of the 1930s, with the $700 billion price tag bigger than the cost of the Iraq war and topping all International Monetary Fund lending since its inception after World War II.

Have a nice weekend, everybody!
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Re: Happy days are here again

Unread postby Heineken » Fri 26 Sep 2008, 09:19:39

Oh, they'll prop it up somehow, Zardoz. There are still many rugs available for the mess to be swept under. And many rolls of duct tape for patching cracks and tears.

I think what we're seeing on the Hill is political posturing. There's no real will to oppose Bush's "plan."
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