Posted on 01/06/2009 11:11:50 PM PST by Jet Jaguar
Barack Obama's White House chief of staff, Rahm Emanuel, told business leaders assembled by the Wall Street Journal in November that the economic crisis facing the country is "an opportunity to do things you could not do before."
That has to be one of the most chilling statements I have ever heard uttered by an American political official in my lifetime.
It ranks right up there with the transparent arrogance of Clinton administration hotshot Paul Begala's July 1998 explanation of the use of executive orders by the president to go over the heads of Congress: "Stroke of the pen. Law of the land. Kinda cool."
But there was even more to this quote from Emanuel. He followed up that scary and yet candid statement with this: "You never want a serious crisis to go to waste."
Every so often, an insider among the power brokers in our establishment elite let's slip an extremely telling remark. I suspect Emanuel meant exactly what he said – though he probably wishes he could take it back.
(Excerpt) Read more at worldnetdaily.com ...
The idea that there are folks “in charge” and in control pulling the levers is a comforting one. That’s why paranoid theories tend to catch on.
Unfortunately, that’s not the case when it comes to the current crisis. And even worse, the levers that are being pulled, don’t seem to be all that effective.
You have a stock market ticking cautiously upwards.
You have the TED spread coming down, which shows a willingness on part of banks to lend money.
GMAC relaxed credit rules to lend (not to bad creditors, but to good to excellent creditors).
I think the money being pumped into the economy is starting to have a positive effect on spending again. Yes, it is going to kill the dollar value, but it is getting the economy going.
I think many are waiting on the Obama/Democrat stimulus plan, which, if not totally stupid, will have a positive effect on confidence.
Look, I do not support the financial bailout, I don't support Democrats spending wildly, and I surely do not support Obama in any possible way. I am just saying that there is a "feel good" effect that is going to help turn things around.
Never assume to great conspiratorial plans what common stupidity can explain more easily!
Duh... of course.
Someone pointed that out right after the 2003 blackout, and they were pretty-much correct.
In this case, it's probably a combination of things related to both stupidity and perhaps some low-level conspiratorial plans. I think the plan was to put a little bump in the economy and blame Bush, but the real economy was at a point where it was ripe for a downturn. Getting a few socialist friends to pump up the price of gas at the right time, while talking down a couple of weak financial institutions (along with some well-timed shorting of certain stocks) was supposed to put a ripple in the economy. The ripple was, perhaps, much larger than anticipated. Things were much more leveraged than the co-conspirators had thought.
Did you see the IBD editorial from last week? IBD says they think the bull market will end by the end of the second quarter of '09.
Did you see the analysts who predicted $200 per barrel oil?
So-called 'experts' are easy to find as everyone has an opinion our culture rarely holds incorrect prognosticating against anyone.
I am looking at what is real and happening.
Could the whole bloody economy collapse? Maybe.
I am just giving MY opinion on what I see.
On the human level, never attribute to malice that which could be explained by sheer stupidity and ignorance.
However, step back one more level to the spiritual level, and such stupidity and ignorance are deliberate tools of the Father of Lies.
Yes.
If you want the dike to fail, shoot the little dutch boy. Once cannot control the US Economy, but one can undermine specific segments of it, if one has the will and money to do so.
Just my $.02, of course.
'scuse me, I meant "BEAR" market, not bull market. I was agreeing with you. I don't think things are near as bad in the near term as many are forecasting.
Could the whole bloody economy collapse? I would say if this headlong drive towards full blown Socialism, coupled with ongoing destruction of the dollar, doesn't slow or stop I'd say it's unavoidable, but not in the near term. We still have a ways to go yet. One thing that would hasten the demise would be Iran getting froggy by lighting off a nuke. Stopping 40% of the world's oil would precipitate an economic collapse unlike anyone has ever known......
Please explain. Do you mean mortgage insurance? What are CDS?
The people who really caused the recession are the ones who borrowed too much and spent too much. Soros did not force their hands.
Like I answered other posts, the real cause of this downturn is too much borrowing and spending by BOTH individuals and government. Just look at charts showing growth of credit.
Also don’t forget the unemployment was higher in 1981 period than it is now.
I am deeply involved in the stock market, and I spend a liot of time every day following the economy. WHat is happening now I predicted 3 years ago. I got out of stocks in 2006. Now I am getting back in.
You are partially correct in the sense that sub-prime was not the ONLY reason. The main reason was parabolic spike in borrowing by indivduals and government, not for investment in business but for consumption. The sub-prime was the catalyst which pricked the credit baloon.
Soros and the Dems were clearly behind allowing these people to overextend themselves. This is a decades long process that came to a head at in 2008. Soros manipulated the oil and currency markets and timed it exactly to cause a perfect storm. Soros has tested this techniques in Europe and Thailand on several occasions. It would surprise people how little $$$$ it takes to actually move a market. Jim Cramer has openly admitted several times.
What in your opinion is/was Soros’s motive?
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