This is not that complicated. What we have here is another great depression. Caused by Politically correct politics bleeding in to the financial system. Obama was in on it from the start with acorn and the American Communist party. He is the Trojan Horse. I predict massive deflation unemployment and even worse price controls. The bloated government that has caused the problem from city all the way to national levels will do anything to survive. As the tax base declines they will not be willing to cut programs-givaways and government pensions or government jobs. Cash is now king. Prepare to pay the piper.
“I predict massive deflation unemployment and even worse price controls.”
I think it is going to flip the other way. We are going to keep creating money like drunken sailors destroying the ants among us who are savers.
I heard that AIG burned through most of the money we gave them already (probably went to Goldman Sachs to retire that debt I bet - Paulson and Bush are as crooked as the rest of them).
I was probably not going to vote for McCain before this fiasco, and I am even less likely to vote for him now. I hate the thought of an Obama presidency, but we are getting what we deserve.
It is time to start rebuilding the Republican party with new Congress critters in two years.
Be comforted by the fact that a good portion of the $700B bailout will probably go to pay the salaries of folks that will establish the value of the underlying securities on the books of these large companies. You know the same geniuses who conceived of this “crap” in the first place. I wonder what method they will use: golf buddies, payments under the table, chicken entrails... God help us all.
I’d like to see a breakdown of the earmarks and who proposed them. Who stuffed the bailout? It was bad enough we are forced into 700 billion, but it was ransom money for the porkers. I want to know who. I want their names published on the web and MSM editorials.