It says 'crisis' but ignores the benefits... at least it will stop Dubya going round bombing and killing everyone to make sure they're adopting the same system - and I'm hoping he'll shut his trap for once about 'democracy' now we know it's not all it's cracked up to be. <br><br>km<br><br>
Loc: Alexandria, VA
<blockquote><font size=1>In reply to:</font><hr><p>at least it will stop Dubya going round bombing and killing everyone to make sure they're adopting the same system<p><hr></blockquote><p><br>Give him time -- he still has a few months left with his finger on the button ...<br><br>Turn up the signal, wipe out the noise ...
<blockquote><font size=1>In reply to:</font><hr><p>One "pleasant mystery" is why the crisis hasn't hit the economy harder<p><hr></blockquote><p>There really is no mystery. This kind of economic meltdown starts by hitting certain people who are exposed. If you aren't exposed everything right now is not so bad at all.<br><br>If you suddenly find yourself with a mortgage you cannot pay, or are one of the 6.1% unemployed or you were planning on retiring real soon and but your 401k just got a lot smaller then the economy sucks. Having a mortgage that is much larger than the current selling price of your house would be pretty depressing. That is how the CEOs of these investment banks feel right now but they tend to get out of debt which is underwater much easier than the house owner. One is given a bunch of money to leave the other still has a mortgage to pay even though they do not have a house anymore.<br><br>Three to five years from now once we have a dose of double digit inflation to make these debt dollars cheaper the pain will be felt by a different set of people. People on fixed incomes or have not saved enough to keep ahead of inflation will start hurting the most. But that is already occurring to some extent. Gas, heating oil, some types of food are going way up. Everything else will catch up sooner or later. Then six percent raises each year will leave you far behind.<br><br><br><br><br>
<blockquote><font size=1>In reply to:</font><hr><p><br>Give him time -- he still has a few months left<p><hr></blockquote><p>Reminds me of when in City City Slickers Curley was asked.<br> “Hey Curley, have you killed anyone today”. <br><br>Curley responds “The day ain't over yet” <br><br>
Obviously . . . inflation is the solution to falling prices in the RE market, and that will solve the liquidity problem, and then everything will be peachy keen. Can't wait for Carter-days redux <br><br>[color:red]</font color=red> [color:orange]</font color=orange> [color:yellow]</font color=yellow> [color:green]</font color=green> [color:blue]</font color=blue> [color:purple]</font color=purple>
_________________________ MACTECHubi dolor ibi digitus
I disagree with you. I think we have already been hurting for a few years now, but it hasn't been news. It's been the status quo for all of the Bush Administration's regime that incomes would be stagnate and we would hear about shams such as the "jobless recovery" that supposedly happened a few years ago.<br><br>The crisis we are in now is that the ongoing problems with our economy among all of us working stiffs has trickled up into the investment class as people have been falling behind in housing and consumer debt. I remember back about two years into Bush's first term, a number of economists called Bush's economic policy a form of "looting" where the working and middle classes were being plundered and squeezed by higher living costs while the "ownership society" was banking on higher productivity out of fewer workers and depending on everyone having enough money to keep the economy going.<br><br>Well, it turns out the thing that all those pointy headed intellectuals said was unsustainable turned out to be unsustainable. My favorite quote from previously confident economists these days is this, "I normally believe in free markets but..."<br><br>-- Cee Bee Double-U
<blockquote><font size=1>In reply to:</font><hr><p>at least it will stop Dubya going round bombing and killing <p><hr></blockquote><p>Do you really believe that.... I sure as heck don't Bush reminds me when it comes to invasions and military decisions of that little mounds bar ditty... fits him to a T....<br>"Sometimes I feel like a nut....sometimes I don't"<br><br>This is a interesting blog that I thought you would like to read and perhaps bookmark......Ganske never seems to take sides but writes of the whole pictureTit for tat One of the comments left could have been written by a handful of folks in this forum....... Re: media<br><br>I think all war is a very sad, sad thing. But I don't think that Russia is 100% in the wrong. Totally it seems to me, that the US media is really full of [censored] these days. I think it is so sad, that most of the people in my country will believe anything the TV force feeds them, hook, line, and sinker.<br><br> My thoughts on Bush and Company and the state of my country today after 8 years of lies and corruption ....I truly believe Bush and Cheney will be known as the worst President and VP in US history, who ran this country with little regard to we the people helped along by the Supreme Court and the deliberate alterations to our Constitution and our rights as Americans .....Nero fiddled while Rome burned......2 men with Napoleon complexes....and a crew of pirates willing to pillage and plunder their own country and to let Americans die and the economy plunge on lies.Some in my country went berserk over a BJ......this administration has screwed a whole nation...... and gotten away with it. He is going to skip out after 8 years and leave the poor and middle class in a mess and the next administration with his war blood on their hands...... and a debt that will be felt for generations.....<br><br>
What makes me wanna PUKE is to hear some Bushie.. like his Press Secretary or even Sarah Palin talk about Russia's invasion of Georgia and how ALL countries should respect other countries Sovereignty and borders !! <br><br>ah... like we did Iraq's !! Gimme a fscking break!!<br>What azzhole hypocrits !!<br><br>David (OFI)
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