American Melt Down?

Discussion in 'Business & Economics' started by Michael, Sep 15, 2008.

  1. Michael 歌舞伎 Valued Senior Member

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    The News seems frantic today. The word recession is being tossed around quite a bit.

    So? When does it start and when does it end and what does it mean for most of us?
     
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  3. joepistole Deacon Blues Valued Senior Member

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    It means we should all bow down to the Lord God Bush II and the Republicans and thank them for the this prosperity that they have brought us. We are so fortunate to be able to suffer and serve them.
     
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  5. Michael 歌舞伎 Valued Senior Member

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    Greenspan was on BBC and he said this is a once in a century event.
     
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  7. cosmictraveler Be kind to yourself always. Valued Senior Member

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    I've heard Washington Mutual bank is going to go into failure today as well.
     
  8. S.A.M. uniquely dreadful Valued Senior Member

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    According to Billy, it will be an October surprise.
     
  9. clusteringflux Version 1. OH! Valued Senior Member

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    Mal-investment can only go on for so long.
     
  10. joepistole Deacon Blues Valued Senior Member

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    More reason to elect Bush III.
     
  11. clusteringflux Version 1. OH! Valued Senior Member

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    It's a problem older than dirt.
    Credit is a scam. So are Gov.aid programs and fiat currencies.

    These aren't issues that either candidate are willing to confront.
     
  12. joepistole Deacon Blues Valued Senior Member

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    Hey, and Palin can see Russia from her house! Another reason to vote for Bush III.
     
  13. clusteringflux Version 1. OH! Valued Senior Member

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    So your views are in line with the SNL writers? Impressive.

    And,like them, your jokes are ALMOST funny.

    Quit trying to derail this thread.
     
  14. S.A.M. uniquely dreadful Valued Senior Member

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    You think that was a joke?

    http://www.theleftcoaster.com/archives/013157.php
     
  15. joepistole Deacon Blues Valued Senior Member

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    Facts are pretty tough for Bushies. Palin did say she could see Russia from Alaska.
     
  16. clusteringflux Version 1. OH! Valued Senior Member

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    GIBSON: "What insight into Russian actions, particularly in the last couple of weeks, does the proximity of the state give you?"

    The correct answer would be : None
    Instead she answered with a random fact. Not smart, IMO.

    Now explain the relevance to this thread, please.
     
  17. joepistole Deacon Blues Valued Senior Member

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    It is relevant because it is this kind of politics, thinking and leadership that has gotten us to this mess which is collasping in on us...that has devistated the economy. And truth be told, we have yet to feel the real pangs of our mismanagement if we continue down this path.

    What is needed is new leadership. Albert Einstein said it best:

    'Insanity: doing the same thing over and over again and expecting different results."

    The Republicans offer us the same old politics. The same old policies and even more novice, inexperienced and untrained people to hold high office. McCain has said himself, he knows nothing of economics and business after being in congress for all these years. He has no training in this arena either. Palin, has minimal education as journalist. She has no idea about the monetary versus fiscal policy. She didn't even know what the Bush doctrine is, and yet he Republicans are willing to make her vice president and president...scarry! And then you wonder why things are so screwed up...duh!
     
  18. clusteringflux Version 1. OH! Valued Senior Member

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    It sounds like you're mistakenly looking to Government to save the economy. This mindset is a huge part our problem. The Government produces nothing. They only take from those that do.

    This is one Fundamental truth that the founding fathers were aware of. It has been lost in both parties.

    I agree that we need new leadership. Obama, unfortunately, offers nothing new at all.
     
  19. MacGyver1968 Fixin' Shit that Ain't Broke Valued Senior Member

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    Believe me, i'm not trying to defend Bush...but he wasn't the one who made all of the ill-advised variable interest loans to people who couldn't afford a rate change. This is just the greed of the companies biting themselves in their own ass.
     
  20. spidergoat Venued Serial Membership Valued Senior Member

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    The government regulates the markets and corporations, at least, it's supposed to. Since the Republicans let the corporations regulate themselves, short term greed has overtaken responsible capitalism.
     
  21. nietzschefan Thread Killer Valued Senior Member

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    Well, if it's this October I was only off by two years when I made my own predictions of this kind of thing in 2004.

    I'm hoping we still got a good 6 months left here in Canada though

    Please Register or Log in to view the hidden image!

     
  22. clusteringflux Version 1. OH! Valued Senior Member

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    I agree. High risk money actions are just that.
    That said, the private companies weren't exactly working alone at the conception.
     
  23. joepistole Deacon Blues Valued Senior Member

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    Clustering you completely missed the point. Today, the government regulates the market...like it or not. The arguement is not about if the government should be regulating markets...it has and continues to regulate the markets. So that is not the issue. The issue is, do you want change or more of the same?
     

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