Abraxas
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"You do not speak for the rest"
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« on: October 03, 2008, 09:52:46 AM » |
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So it passed 263 to 171... But what I find odd is that the DOW started at +250... and now, after the passes, DROPPED to +100.    WTF?!?!?! |
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« Last Edit: October 03, 2008, 10:30:56 AM by Abraxas »
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Either you repeat the same conventional doctrines everybody is saying, or else you say something true, and it will sound like its from Neptune.
- Noam Chomsky
... you can almost see the high water mark - that place where the wave finally broke and rolled back.
- Hunter S. Thompson
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Reaganite
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« Reply #1 on: October 03, 2008, 09:56:40 AM » |
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it passed.. as expected...
its pure BULLSHIT!
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You get what you pay for America... Welcome to the Obamanation.....
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neorealist
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Posts: 1,106
Mod of further light
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« Reply #2 on: October 03, 2008, 11:45:30 AM » |
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prolly b/c the insiders know it isn't going to fix much
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The man who smiles when things go wrong has thought of someone to blame it on. - Robert Bloch
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Cass
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« Reply #3 on: October 03, 2008, 03:33:25 PM » |
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A Christmas Tree, but rather than ornaments loaded down with pork. A real pig with no lipstick. But just for those who decided it was a crisis that had to be averted to save the nation, but didn't bother to note all the "sweet" additions required to get the GOP to vote for it, you can find just a bit if you bother to read listed by McClatchy here: http://www.mcclatchydc.com/331/story/53350.htmlAnd don't forget that nice tax bailout for NASCAR. |
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\\"The work goes on, the cause endures, the hope still lives and the dream shall never die.\\" Edward Kennedy, U.S.
Senator
The old lion of the Senate, though a lion in winter, has lived to do more for this nation than John or Bobby though
who knows what life would be like now had they lived.
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Opmod
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« Reply #4 on: October 03, 2008, 03:44:45 PM » |
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I realize this guy was "cherry picking" the bill for the good and the bad.
AND of course this says nothing at all about HOW things are stated.
Makes permanent undercover activities is very nondescript.
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\\\"Something witty\\\" Some self impotant blowhard
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And Justice For All
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« Reply #5 on: October 03, 2008, 03:59:22 PM » |
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We'll see how things turn out but I seriously doubt this bill will do anything at all. It might prevent job losses and retirement loss, that's about the only positive things I can see coming from it.
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Alright Clanton, you called down the thunder well now you got it! The cowboys are finished, you understand me? I see a red sash I kill a man wearing it. So run you Kurr. You tell em Im coming and hells coming with me you hear. Hells coming with me!
-Wyatt Earp
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Abraxas
Global Moderator
Hero Member
Karma: +212/-207
Posts: 4,065
"You do not speak for the rest"
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« Reply #6 on: October 03, 2008, 04:29:41 PM » |
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It should have done NOTHING but address the current crisis.
Everything else was politics, something I thought a catastrophe of this magnitude might actually supercede.
I was sadly mistaken...
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Either you repeat the same conventional doctrines everybody is saying, or else you say something true, and it will sound like its from Neptune.
- Noam Chomsky
... you can almost see the high water mark - that place where the wave finally broke and rolled back.
- Hunter S. Thompson
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freethinker
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« Reply #7 on: October 03, 2008, 04:34:51 PM » |
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You can bailout a sinking boat and keep it afloat for a while....but if you don't fix the holes in it, it will only sink again.
Wall street knows this.
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Yes we can ...and now we will...
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Reaganite
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« Reply #8 on: October 03, 2008, 08:58:00 PM » |
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welcome to Obamonomics.
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You get what you pay for America... Welcome to the Obamanation.....
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jpn of Seattle
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« Reply #9 on: October 03, 2008, 09:22:20 PM » |
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welcome to Obamonomics.
Let's hope it's like Clintonomics. Eight years of peace and prosperity and competence. Boy, where have those years gone... |
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What you got is everything-and I mean everything—run by the political arm. It’s the reign of the Mayberry Machiavellis. --John DiIulio, former White House official
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jpn of Seattle
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« Reply #10 on: October 03, 2008, 09:23:54 PM » |
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The economic situation is really, really dim: From Rex Nutting at MarketWatch: More severe recession now forecast by Goldman Sachs
The U.S. recession will be "significantly deeper" than they previously thought, Goldman Sachs economists predicted Friday in a research note. ... The unemployment rate will likely rise to 8% by the end of next year from 6.1% currently.
Goldman is now forecasting Q3 2008 real GDP growth at 0.0%, with PCE at minus 2.5% (annualized as reported by BEA). This is similar to my two month estimate for PCE, see Estimating PCE Growth for Q3 2008. Both PCE and investment will be negative in Q3, but net exports, private inventories and government spending will probably all show positive growth in Q3. So GDP may be close to zero.
A major change in the Goldman outlook is the increase in the unemployment rate to 8% in 2009 (their previous forecast was for unemployment reaching 7% in 2009).  Paul Krugman, Friday morning: "A grim morning: Double plus ungood news on multiple fronts this morning. The credit crunch is getting worse: LIBOR jumped again, the TED spread is at a new record. Bad news on employment: payrolls down 159,000, average work week down, official unemployment rate flat at 6.1 percent but broad measure (U6) up from 10.7 to 11.
We are going over the edge." |
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« Last Edit: October 03, 2008, 09:26:20 PM by jpn of Seattle »
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What you got is everything-and I mean everything—run by the political arm. It’s the reign of the Mayberry Machiavellis. --John DiIulio, former White House official
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Reaganite
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« Reply #11 on: October 03, 2008, 09:29:40 PM » |
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welcome to Obamonomics.
Let's hope it's like Clintonomics. Eight years of peace and prosperity and competence. Boy, where have those years gone... You mean when gingrich shut down government to force sensible budgets? Sorry sonny... PELOSI/REID aint gonna cut any spending... Obama/Biden/Reid/Pelosi... lol PERFECT together to kill liberalism... its a perfect storm  |
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You get what you pay for America... Welcome to the Obamanation.....
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jpn of Seattle
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« Reply #12 on: October 04, 2008, 06:50:50 AM » |
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You mean when gingrich shut down government to force sensible budgets? Sorry sonny... PELOSI/REID aint gonna cut any spending... Newt shut down government in order to force Clinton to accept a bunch of budget cuts. Clinton stood up to Gingrich and Gingrich backed down. The episode was very damaging to Gingrich's career. Clinton balanced the budget. Republicans restored the deficits. |
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What you got is everything-and I mean everything—run by the political arm. It’s the reign of the Mayberry Machiavellis. --John DiIulio, former White House official
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neue regel
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« Reply #13 on: October 04, 2008, 07:48:28 AM » |
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Let's hope it's like Clintonomics.
Eight years of peace and prosperity and competence. Boy, where have those years gone... I'm not busting on Clinton but if the years since his administration have proven anything, it is that, unfortunately, the economy of the 90s was built on sand. The tech bubble, the foundation of the housing bubble, cooked accounting gave everyone the false sense that all was well. Not necessarily his fault, but a false sense of security, none the less. |
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Gojira
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« Reply #14 on: October 04, 2008, 04:38:49 PM » |
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So it passed 263 to 171... But what I find odd is that the DOW started at +250... and now, after the passes, DROPPED to +100. WTF?!?!?!The market already priced it in. |
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Our democracy has created an environment of indecision at times of impending crisis.
If life is easy for you, then you aint livin.
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