Politics and Religion
That very sentence was uttered a lot in 1929-1932.
It is quoted in books about the period. So, it chilled me to hear McCain saying it, and I'm rather glad he has stopped. He says he doesn't understand economics, and so he's flunking Prophecy 101.
-- Modified on 10/7/2008 4:03:38 PM
http://www.roughlydrafted.com/2008/09/18/osama-bin-ladens-dream-of-us-economic-collapse/' target=_blank class=green>http://www.youtube.com/watch?v=oAKGyhiE7SE&eurl=http://www.roughlydrafted.com/2008/09/18/osama-bin-ladens-dream-of-us-economic-collapse/
even if I spelled it out for you in LARGE font, you won't get it ... crack open another brewski from that sixpack & stay calm
the economy in a macro view. In 2 years the S&P and DOW will be back at the Oct 2007 levels, and we will be on the next bull run. This assumes the govt gets out of the social engineering business, and either close Fannie/Freddie, or change their business model.
... then why the F*ck did he not say that when asked to clarify his remarks? Instead he came out with some bullshit: the Fundamentals = Workers of America ...yeah right ...
See the problem with his bullshit is that it insults the intelligence of the voter.
Straight talk my ass ... ("my friends")
-- Modified on 10/7/2008 4:17:29 PM
Majority of Americans are idiots. Example - Congressman were getting phone calls and emails 100 to 1 against the bailout, then when they finally figured out the impact to business, especially small businesses, they realized their jobs were in jeopardy. Then the phone calls and emails changed to 100 to 1 for the bailout.
All I can do is attempt to interpret McCain's comments. When it comes to the movement of capital and labor, productivity of the American worker, creation of new industries, there is no country that even compares to the U.S. I'd like to think that was what McCain was attempting to convey.
This same debate happened in 1992, and during a recession. Clinton, Bush and Perot were fighting about free trade, specifically NAFTA. Guess what? We lost low skill jobs manufacturing sector. Then we had a tech explosion. Companies that were either in nascent form, or didn't exist, transformed our economy yet again. Microsoft, Google, Amazon, Research in Motion, to name just a few. Greed, fear, flushing out the excess, rebuilding is part of capitalism.
Truer words have never been spoken. What I find ironic is the libs around here that claim liberalism welcomes change are the most afraid of market corrections, bubbles bursting, business cycles etc. and are always looking for government intervention to rescue them and protect them from the evil free market.
All these things are normal, flushing out the excesses are what creates real bottoms on which to rebuild. The saying "it's always darkest before the dawn" is most fitting when looking for market bottoms. When you have total capitulation you are at the bottom. What goes up must come down, and fortunately the converse is true as well.
They can't understand the sometimes competitive, brutal and chaotic turbulence of the free market system, hence they want to control and create their version of a level playing field. Everyone gets a house, free health care, free transportation, etc...etc. It's kind of watching today's version of a soccer match between kids. No one keeps score, everyone wins, and they all get a trophy. And you wonder why everyone in this country have an entitlement mentality.
Oh shit....I just forgot one of your rules Capo di something of the RWSAA. I believe it was don't try and be logical to an audience that refuses to understand logic. But I do remember option 4 from one of your earlier posts. I bring it out when watching the movie Casino.
Yawn. Yawn. Yawn.
Come up with something new. Please. You conservatives/republicans have been saying the same damn thing time and time again, but you know what? here's the reality:
Biggest increase in size of government: Dubya. Before Dubya? H. W. Bush. Before H. W.? Reagan.
Biggest increases in taxes? H. W. Bush.
Ironic. Ain't it?
You guys just want to lower taxes and yet expect nothing to pay for the existing services. Brilliant! (rolleyes)
Free market? Ha! It doesn't even have a chance.
Most moderates (people you would call liberals) I know don't want protection from the natural cycles of the market. What they want is protection from people who use positions of power within corporations to rig the game.
The current credit collapse is not a natural part of the market. It's the direct result of the greed of those at the top who were not satisfied with making 50 times what the average worker made but wanted to make 500 times what the average worker made and even that wasn't enough!
MBS? CDS? The people who came up with those instruments knew what they were doing. they knew that those instruments were not backed by anything of value and they knew that the formulas they cooked up to assign values to those instruments were bogus.
They also knew that those instruments allowed them to fleece everyone else in the market until the sharks started feeding on each other and the trust that drives the market evaporated.
McCain proposes suspending mandatory stock sales By PHILIP ELLIOTT
LA CROSSE, Wis. (AP) — John McCain is proposing a plan that would suspend mandatory sale of stocks in retirement funds.
McCain said Friday that his economic plan would spare investors who have to start selling off their retirement accounts at age 70 and a half. As the economy struggles and Wall Street plunges, the value of these accounts have tanked.
McCain says investors shouldn't have to sell their accounts as the economy is at the lowest point in years. He says the investment rules should be suspended until the stock market recovers.
http://ap.google.com/article/ALeqM5hu1vPC3SfO75CRZ2tuDv5BKlcQSQD93NNF5O2
McCain Proposes... What?
http://corner.nationalreview.com/post/?q=ZDIxYWJkZTgwZWY2NDZhNWZhYWI0Yjk2YmIxNTg5OTQ
"the most afraid of market corrections, bubbles bursting, business cycles etc" >>> John McCain needs a refresher course from you ....
It is quoted in books about the period. So, it chilled me to hear McCain saying it, and I'm rather glad he has stopped. He says he doesn't understand economics, and so he's flunking Prophecy 101.
-- Modified on 10/7/2008 4:03:38 PM
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