OHMIGOD. What a relief this is. Now I can get the lumps out of my mattress.
Time to pop the corks off those Kool-Aid bottles.
The post from Califonia means the person has his or her head buried deep in the sand. 15+ million unemployed, benefits going to more than ever, States are out of money and some may, if possible, reduce personell and programs, tax receipts are down, businesses continue to lay-off people and this is progress? But, it is useless to argue with fools, they win every time because of more experience.
Thanks for the ping I don’t know I still thing soro’s and possibly paulsen (Who hearts Obama) had something to do with this collapse.
Hank Paulson feared there would be a run on the dollar during the early phase of the financial crisis when global concerns were focused on the US. When the crisis escalated and went global with the failure of Lehman Brothers in September 2008, the dollar rallied – but Mr Paulson had to grapple with a firestorm of financial failures.
He feared Goldman Sachs and Morgan Stanley would go down along with Washington Mutual and Wachovia.
“The timing could not have been worse since we were months or weeks from the election so you had the collision of markets and politics.”
Although a Republican, Mr Paulson found it harder to deal with John McCain than Barack Obama – raising the interesting (and unanswered) question of which candidate Mr Paulson voted for.
Continue
http://www.ft.com/cms/s/0/772748d6-0e94-11df-bd79-00144feabdc0.html
Remember Paulson claimed Russia told China to get rid of fannie and freddie and they both did sell off.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afbSjYv3v814
and baloney things are far worse more and more unemployment and claims running out not to mention inflation.
Another 1 million running out in march
http://money.cnn.com/2010/02/19/news/economy/unemployment_benefits/
Another 1,020 going from boing
http://seattletimes.nwsource.com/html/businesstechnology/2011122372_boeing19.html