Comments on: Economic Panic Makes Republicans Bipartisan http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/ Firedoglake weblog Fri, 17 Feb 2012 04:53:59 -0600 hourly 1 http://wordpress.org/?v=3.1.2 By: MarkH http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1211136 MarkH Fri, 18 Jan 2008 23:59:55 +0000 http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1211136 <blockquote><p>72% of the GDP is based on consumerism and Helicopter Ben is desperate to maintain the status quo.</p></blockquote> <p>What’s going wrong?</p> <p>Oil prices are up.<br /> Iraq is costing us a lot of money and preventing businesses from borrowing money.<br /> Food prices are up, due in large part to oil prices.<br /> Housing prices spiked when ARMs kicked in.<br /> Incomes aren’t rising fast enough to keep pace.<br /> Jobs are still being outsourced.<br /> America still moves away from manufacturing.<br /> How are exports? They should be going up as the dollar weakens.</p> <p>Overview:</p> <p>Essentially we’ve been going in the wrong direction too fast for quite some time and the chickens are just now coming home to roost.</p> <p>Prescription:</p> <p>We need to increase incomes with more jobs and better paying jobs.<br /> We need to end the war in Iraq.<br /> We need to ease pressures on businesses with tax cuts.<br /> We need to take the pressure off everybody and off the ability to borrow money.<br /> We need to fix the home mortgage crisis.<br /> We need to stop the growing shift of wealth away from almost everybody to give to a few people because it’s screwing up the economy.<br /> We need to fix international business, so we stop exporting jobs so fast, at least so we can grow replacement jobs fast enough.<br /> We need to find new ways to create jobs (green-collar jobs for instance).</p> <p>Comment:</p> <p>This has been a big part of the Democratic Party platform for some time and the Republicans have been trying to stop it.</p>

72% of the GDP is based on consumerism and Helicopter Ben is desperate to maintain the status quo.

What’s going wrong?

Oil prices are up.
Iraq is costing us a lot of money and preventing businesses from borrowing money.
Food prices are up, due in large part to oil prices.
Housing prices spiked when ARMs kicked in.
Incomes aren’t rising fast enough to keep pace.
Jobs are still being outsourced.
America still moves away from manufacturing.
How are exports? They should be going up as the dollar weakens.

Overview:

Essentially we’ve been going in the wrong direction too fast for quite some time and the chickens are just now coming home to roost.

Prescription:

We need to increase incomes with more jobs and better paying jobs.
We need to end the war in Iraq.
We need to ease pressures on businesses with tax cuts.
We need to take the pressure off everybody and off the ability to borrow money.
We need to fix the home mortgage crisis.
We need to stop the growing shift of wealth away from almost everybody to give to a few people because it’s screwing up the economy.
We need to fix international business, so we stop exporting jobs so fast, at least so we can grow replacement jobs fast enough.
We need to find new ways to create jobs (green-collar jobs for instance).

Comment:

This has been a big part of the Democratic Party platform for some time and the Republicans have been trying to stop it.

]]> By: MarkH http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1211113 MarkH Fri, 18 Jan 2008 23:31:13 +0000 http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1211113 <blockquote><p>Republican economics = laissez unfair capitalism</p></blockquote> <p> = suicide pact economics</p>

Republican economics = laissez unfair capitalism

= suicide pact economics

]]> By: MarkH http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1211110 MarkH Fri, 18 Jan 2008 23:30:13 +0000 http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1211110 <blockquote><p>GET OUT OF IRAQ! Because even when the housing bubble evens out and the credit crunch is past, we’ll still have a trillion dollar black hole where our national budget should be. It’s amazing to me that nobody’s talking about this.</p></blockquote> <p>It’s there. Everybody knows it. Bush stands in the way. Nobody will oppose him…yet.</p> <p>Nancy Nancy, is the table set for din din yet?</p>

GET OUT OF IRAQ! Because even when the housing bubble evens out and the credit crunch is past, we’ll still have a trillion dollar black hole where our national budget should be. It’s amazing to me that nobody’s talking about this.

It’s there. Everybody knows it. Bush stands in the way. Nobody will oppose him…yet.

Nancy Nancy, is the table set for din din yet?

]]> By: MarkH http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1211093 MarkH Fri, 18 Jan 2008 23:22:28 +0000 http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1211093 <blockquote><p>“Good bye America… it’s been nice fleecing you.”</p></blockquote> <p>“Nice to snow you.”</p>

“Good bye America… it’s been nice fleecing you.”

“Nice to snow you.”

]]> By: cognitorex http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1211065 cognitorex Fri, 18 Jan 2008 23:07:53 +0000 http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1211065 <p>Bush and Bernanke push corporate socialism<br /> The financial types made, packaged and sold huge numbers of poor mortgages. As they traded these shoddy assets back and forth amongst themselves they, (Wall Street) paid themselves $25 billion in bonuses for 2006 and $32 billion for 2007.<br /> Now Bernacke and Bush recommend a stimulus to replace the missing equity capital in the financial system. How can this not be called socialism? Or is socialistic tinkering with the system to protect the rich called a stimulus package while providing health care is oh so unAmerican.<br /> The nation’s debt has skyrocketed from six to nine trillion dollars under Bushco and as a legacy for his last year he will oversee spending a couple hundred billion dollars we don’t have to bail out his cronies.<br /> Meanwhile a useful scorecard to watch is that the Pound and the Euro continue to soar against the dollar even while Europe manages to out “fiscal” the USA and, I repeat, and provide a comprehensive social net for the health and retirement of their workers.<br /> We get to inject billions into the economy in an act of corporate socialism; Wall Street takes out $57billion and yet helping the poor with medical bills and heating costs remains a danger to the American psyche.<br /> As the accountants say: “Go figure.”</p> Bush and Bernanke push corporate socialism
The financial types made, packaged and sold huge numbers of poor mortgages. As they traded these shoddy assets back and forth amongst themselves they, (Wall Street) paid themselves $25 billion in bonuses for 2006 and $32 billion for 2007.
Now Bernacke and Bush recommend a stimulus to replace the missing equity capital in the financial system. How can this not be called socialism? Or is socialistic tinkering with the system to protect the rich called a stimulus package while providing health care is oh so unAmerican.
The nation’s debt has skyrocketed from six to nine trillion dollars under Bushco and as a legacy for his last year he will oversee spending a couple hundred billion dollars we don’t have to bail out his cronies.
Meanwhile a useful scorecard to watch is that the Pound and the Euro continue to soar against the dollar even while Europe manages to out “fiscal” the USA and, I repeat, and provide a comprehensive social net for the health and retirement of their workers.
We get to inject billions into the economy in an act of corporate socialism; Wall Street takes out $57billion and yet helping the poor with medical bills and heating costs remains a danger to the American psyche.
As the accountants say: “Go figure.”

]]> By: Ian Welsh http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1211018 Ian Welsh Fri, 18 Jan 2008 22:26:54 +0000 http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1211018 <p>Bernanke’s a conservative inflationist and something of a hack. He is not, however, a complete fool and the Fed is in a policy bind which it needs help from the legislative side to fix.</p> Bernanke’s a conservative inflationist and something of a hack. He is not, however, a complete fool and the Fed is in a policy bind which it needs help from the legislative side to fix.

]]> By: peony http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1210689 peony Fri, 18 Jan 2008 18:05:56 +0000 http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1210689 <p>Ah, you’d be disillusioned. What you’d get with this couple is endless war. Unity in the afterlife, there’s the ticket!</p> Ah, you’d be disillusioned. What you’d get with this couple is endless war. Unity in the afterlife, there’s the ticket!

]]> By: NorskeFlamethrower http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1210519 NorskeFlamethrower Fri, 18 Jan 2008 16:23:42 +0000 http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1210519 <p>1,730 DAYZ AND THE KILLIN’ GOEZ ON AND ON AND…</p> <p>Citizen RayDuray:</p> <p>You are right fuckin’ on…both capitalism and democracy are dead in this country but the crooks won’t survive ‘cuz neither Europe er China will have the bastards and the dollar is done as a currency of wealth.</p> <p>KEEP THE FAITH AND PASS THE AMMUNITION, WE’RE GUNNA HAFTA SHOOT OUR WAY OUTTA THIS ONE!!</p> 1,730 DAYZ AND THE KILLIN’ GOEZ ON AND ON AND…

Citizen RayDuray:

You are right fuckin’ on…both capitalism and democracy are dead in this country but the crooks won’t survive ‘cuz neither Europe er China will have the bastards and the dollar is done as a currency of wealth.

KEEP THE FAITH AND PASS THE AMMUNITION, WE’RE GUNNA HAFTA SHOOT OUR WAY OUTTA THIS ONE!!

]]> By: RayDuray http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1210513 RayDuray Fri, 18 Jan 2008 16:19:23 +0000 http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1210513 <p>Re:<br /> </p><blockquote>The pirates have screwed themselves since there’s nowhere to hide the devalued dollars.</blockquote> <p>The really serious swindlers among them have simply abandoned the dollar. Even back in 2003 when Barack Obama’s predecessor was hurling flings and arrows at Enron’s Ken Lay and Jeff Skilling, Senator Peter Fitzgerald (R. IL) had about all of his $30 Million net worth in Canadian Loonies and the Euro. </p> <p>The smart guys know the dollar is doomed. They are already out of it.</p> Re:

The pirates have screwed themselves since there’s nowhere to hide the devalued dollars.

The really serious swindlers among them have simply abandoned the dollar. Even back in 2003 when Barack Obama’s predecessor was hurling flings and arrows at Enron’s Ken Lay and Jeff Skilling, Senator Peter Fitzgerald (R. IL) had about all of his $30 Million net worth in Canadian Loonies and the Euro.

The smart guys know the dollar is doomed. They are already out of it.

]]> By: tjbs http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1210499 tjbs Fri, 18 Jan 2008 16:01:17 +0000 http://firedoglake.com/2008/01/18/economic-panic-is-bipartisan/#comment-1210499 <p>If it says master bullshit artist on the bottom of your diploma can we just shorten it to MBA? It’s hard work putting all those letters down on paper in the proper ,damn hard I tell ya.</p> If it says master bullshit artist on the bottom of your diploma can we just shorten it to MBA? It’s hard work putting all those letters down on paper in the proper ,damn hard I tell ya.

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