Thread: The Meltdown begins

Michele Bachmann says this will be the end of Arlen Specter in Pennsylvania.

Act Like A "Lady"

And it's going to get worse!

The global banking industry was thrown into turmoil on Thursday after President Barack Obama , responding to public rage over the financial crisis, proposed the most far-reaching overhaul of Wall Street since the 1930s.

link

And don't forget the outrage over the CSM trial in NYC!

The Christmas underwear bomber being treated like a common criminal!

"Meltdown" might be an understatement!

^ meltdown is what describe you right wing loonies, and you are having one right now

Originally Posted by Mr Earl

proposed the most far-reaching overhaul of Wall Street since the 1930s.

And this is not long overdue? Please tell me why an overhaul of Wall Street is not a good thing?

Originally Posted by Mr Earl

And don't forget the outrage over the CSM trial in NYC!

The Christmas underwear bomber being treated like a common criminal!

How would you like him to be tried? Make up a new 'category' under the law?

Originally Posted by panama hat

And this is not long overdue? Please tell me why an overhaul of Wall Street is not a good thing?

Not by Bambam, so far Bammy and co. have shown how not to got about making reforms.

Originally Posted by Mad Hatter

How would you like him to be tried? Make up a new 'category' under the law?

Just a simple trial as a terrorist in a military court will do. Followed by a swift hanging. Far cheaper and efficient the convoluted circus proposed by the AG.

Stop stealing my terms Earlie.

And who on earth would treat Bachman like a lady.

Heck! she's exactly my age and isn't half bad.
I'd show her snapper a good time!

Right or left, there's no feckin difference. Just a fictional paradigm to keep the masses at loggerheads.

Take on the banks - a good way to make people forget about the failed HC reform, the back room dealings, Obama's major losses in Virginia, New Jersey, and Massachusetts (and Copenhagen), job losses, the deficit... Remind me, did JP Morgan take TARP funds?

Originally Posted by Jet Gorgon

Take on the banks - a good way to make people forget about the failed HC reform, the back room dealings, Obama's major losses in Virginia, New Jersey, and Massachusetts (and Copenhagen), job losses, the deficit... Remind me, did JP Morgan take TARP funds?

With higher unemployment holding steady, voters have frustration and this is bad for incumbants.

I don't see the Dems or anyone hitting the banks.

It's possible that the economy (read: jobs) could be enough for incumbents to lose their seats in 10 months.

What will change, if there is a change in Congress?

Answer: nothing, IMO.

Well let's see. Bambam the beige messiah has been in office for a year & the one topic he never cared about was jobs. bye bye asswipe.

^ Rather biased don't you think?

1- Obama has announced that unused TARP funds are going to be used to create jobs. The GOP is in "outrage" about it.
2- The stimulus funds are being used to create or maintain jobs. The GOP is outraged about it (how surprising).

I mean you do not need to possess an industrial grade IQ to work this out-

Money goes towards job creation, GOP will throw fits about government debt (quite hilarious actually, so soon after Bush).
Obama goes fiscally conservative, i.e keeps money in gov't coffers- GOP throws fits about 'Jobs' and unemployment.
Obama announces scheme to get bailout moneys back from banks over a ten year period, GOP throws fits about 'Tax'.

The GOP fits are a given, obviously. I hope their health insurance covers their high blood pressure medication. But one thing is for certain- high unemployment is very unpopular with the electorate- in any country, no matter who's in power. Thats quite understandable.

Obama has been quite Centrist, even conservative, in his approach- the amount of money that has gone to job creation is dwarfed by the amount thrown at the banking sector. Nobel prize winning economist Paul Krugman, amongst others, has been saying all along more money should be allocated to fiscal stimulus, job creation. I'm increasingly convinced he is right.

But one thing is for sure- whichever way Obama goes, the GOP will throw fits about it.

It's getting worse!

Jan. 22 (Bloomberg) -- U.S. investors overwhelmingly see President Barack Obama as anti-business and question his ability to manage a financial crisis, according to a Bloomberg survey.
The global quarterly poll of investors and analysts who are Bloomberg subscribers finds that 77 percent of U.S. respondents believe Obama is too anti-business and four-out-of-five are only somewhat confident or not confident of his ability to handle a financial emergency.

link

Barack Hussein & "fiscially responsible" are mutually exclusive terms.

Nice try aussie guy. You won't get a job analysing US politics.

Just try & focus on the "I hate Geo W Bush" mantra. Makes you all warm & fuzzy. btw - Thanks for sending John Howard all those years. A Thatcher Conservative.

Originally Posted by Mr Earl

Not by Bambam, so far Bammy and co. have shown how not to got about making reforms.

Who else would . . . certainly not the Republicans . . . and it's not Obama (why do you lower yourself to the levels of one or to other posters by using childish names?) who will be doing the work, rather quite well qualified people specialising in this area.

Originally Posted by sabang

I mean you do not need to possess an industrial grade IQ to work this out-

dotcom seems to fail on that account as well . . . call him on some of his statements . . . they are as ill-founed and simply bluster . . . a style very similar to another poster here

Originally Posted by dotcom

Thanks for sending John Howard all those years. A Thatcher Conservative.

Really? Show me where Howard was a Thatcher conservative? You do realise that the Liberal Party in Australia is closer in almost any aspect tot he Democrats in the US than the Republicans?

Please cite some examples, or will you again say you won't do 'my' research for me?

The end is near.....again.

Originally Posted by panama hat

dotcom seems to fail on that account as well . . . call him on some of his statements . . . they are as ill-founded and simply bluster . . . a style very similar to another poster here

Yea yea of course, we have to be stoopid to disagree with the Messiah.

Originally Posted by Milkman

Originally Posted by Jesus Jones

Right or left, there's no feckin difference. Just a fictional paradigm to keep the masses at loggerheads.

Yes, JJ.
This is what I've firmly believed for years.
People in my family and some of my friends are on one side or the other.
They do not and cannot look at the BIG picture. I view these issues through their partisan lenses.
It's difficult to talk with them. I actually don't bother, to talk with them about these issues.

Yep, when I'm in the USA I don't waste my time arguing with hard-core Republicans or Democrats. As with the premise of this thread, conversation usually turns infantile and gets the natives riled up for no good reason. I'd rather talk about NFL football because it's more fun and has about the same bearing on the future of the world as whether the Democrats or Republicans prevail. Life today would not be appreciably different if McCain was president. More than 99% of Washington politicians are bought out by Wall Street, AIPAC and the same large corporations. I do keep my eye on a few primary races, specifically, Rand Paul in Kentucky and Adam Kokesh in New Mexico. They're both fundamentally anti-war, anti-spending and anti-Wall Street. Politicians like that would really mix things up if they were actually sent to Washington and they're both doing quite well in the polls.

Originally Posted by sabang

1- Obama has announced that unused TARP funds are going to be used to create jobs. The GOP is in "outrage" about it.
2- The stimulus funds are being used to create or maintain jobs. The GOP is outraged about it (how surprising).

But SB, they have thrown money (supposedly) at job creation and where are those jobs? Nobody wants to expand biz because Obama keeps changing the goal posts and the latest attack on banks and new tax hike plans is not only a diversion from the failed HC and unemployment, it is sending private biz into freefall -- look at the stock market!

He can't keep spending borrowed money. Interests rates at 0% so the banks can buy Treasuries at a higher yield? WTF? Bernanke better be gone by the end of the month.

Interests rates at 0% so the banks can buy Treasuries at a higher yield? WTF

The banks can make a safe 3.5% interest while the federal government sucks the available money out of the marketplace.

^ Yep, the govt is giving it to them.

Originally Posted by Jet Gorgon

Originally Posted by sabang

1- Obama has announced that unused TARP funds are going to be used to create jobs. The GOP is in "outrage" about it.
2- The stimulus funds are being used to create or maintain jobs. The GOP is outraged about it (how surprising).

But SB, they have thrown money (supposedly) at job creation and where are those jobs? Nobody wants to expand biz because Obama keeps changing the goal posts and the latest attack on banks and new tax hike plans is not only a diversion from the failed HC and unemployment, it is sending private biz into freefall -- look at the stock market!

I don't like the whole, "jobs creation" by government concept.

It has to come from the private sector.

This government stimulus (stimuli, actually) doesn't work for the long-term and just postpones, reality, IMO.