Wheres my rebate God damn it ! I need a second plasma for the Super Bowl.

Bush, 1 recession and 1 depression. What a guy.

So this is were all of the trollz have been hangin'. I read through some of the drivel from the usual suspects and see that some things never change; still as clueless as ever aren't you Vogon? And what the hell is a BoBoPupkin? I think I may have found a lifeform dumber than our resident mutant troll tator after all in bobo but only time will tell.

Off topic

OMG

Crooks and Liars have the most distressing photo I have ever seen up on their site, they should put a warning on that!

Fed cutting rates in response to market fluctuations is ABSOLUTELY WRONG! Monetary policy is not a tool to stabilize markets but it is a tool to stabilize the economy.

The collective scream of all equity holders for Fed to do something to fend off falling Dow forced Fed to ease the rates to protect a few and sacrifice the rest.

We may be heading to stagflation. The whole concept of lower rates to prevent a market tailspin is a red herring. The negative psychology of panic creates value in the market where weaker players sell and those with stronger stomach buy in. It is a cleansing action.

Bernanke shot his wad. I am afraid when rate cuts are really needed, there won't be any to give. Dow is heading way lower when negative stats on economy come in and that is when there is no more to give. It would be like pushing on a string. Good goin' Berni.

I don't know about you guys, but I'm looking at this as a buying opportunity.

I'm a long-term investor with a few more years before retiring and I'll bet there are some deals in this market.

No one wants to "catch a falling knife" but when the "dead cat bounces" and "pigs are getting slaughtered" you've got to start thinking that "a rising tide lifts all boats" and "it takes money to make money" because "what goes down must come up" you've really got to "be in it to win it" since you "can't time the market" but "over the long haul, equities outperform all other investment vehicles" in the US market which is the "greatest wealth creation machine in the history of the world".

Know what I mean?

I've been called "dangerously ignorant" by Vogon. Let's see....

We are once again trying to make "trickle-down" economics work.

Arguing that the Federal Reserve controls cash flow and therefore the economy doesn't take into account two things: Who has the cash and what they do with it.

For the second time we are trying to give more money to the rich who are supposed to invest this money in companies and that will keep the economy running smoothly. That doesn't happen.

It's bullshit, here's why.

We have a mass-production based economy. It runs when there is money to buy goods produced. Investing does nothing if the company dies when no one can afford the goods produced.

There aren't enough rich to buy all the goods and services and the rich save TOO much because, when they become so rich, they cannot spend all that money.

The last seven years the economy has been sustained by the people who buy goods and services (working poor and middle class) using credit. They do so because they have no cash to spend. It's with the rich, who horde it. Eventually the credit dries up and the bill comes due. We're there now.

Wealth distribution works. It takes money from the saving class and gives it to the spending class. Eventually the spending class has extra money to save also. This creates wealth in the middle and lower classes and leads to more prosperity. Instead of 1% becoming EXTREMELY wealthy and hording money. Many more become MODERATELY wealthy and spend the money.

This drives the economy because goods and services are bought up and companies prosper. Which means they can expand and create MORE middle income jobs.

The Federal Government has created this wealth hording/credit using economy through it's policies of deregulation and tax cuts for the rich, among others.

It's why Georgie Porgie's economic stimulus package won't help as much as the Dems because Georgie's leaves out the 50,000,000 working poor who buy those goods and services but do not pay taxes.

Won't have Fred Thompson to kick around any more.

Ten billion dollars a month in Iraq. Hardly any government restrictions on mortgage lending practices. No concern for the constantly widening gap between rich and poor. No outcry as long as the affluent are happy.

And here we go... down, down, down...

See, the whole world is interconnected. These people over here get screwed, and you may think it has nothing to do with you, but you are so wrong. You can't live in a separate cell, people. We're all connected.

Bush said the economy is robust. Are you kidding me? 2 weeks ago the neo con Republican machine said that the R word is off limits. Well that worked well.

Ah, the beauty of cabalism, er, I mean capitalism. Remember in all this who owns the federal reserve. It's a private entity (they just used the name "federal" so there would be confusion), and the Rockefellers and Rothschilds, who each alone are wealthy enough to bail us out of this/THEIR scheme, need to be hunted down and called on their shit.

Once again, Republican greed and malice creates a disaster of epic proportions.



Once again, no one but their base is surprised.

The Bush Administration is out to lunch, but it's hardly a party of one at that lunch table.

Here's the thing: Actions have consequences, and the U.S. is now reaping what it has sown.

Far too many Americans have been out to lunch far too long, spending and acting like there was no tommorow. Guess what, now it's tommorow, and the out of control spending (both nationally and individually), the trade deficits, always grabbing the short-term gain rather than the longer-term good, it's all coming home to roost.

There is a way out, and it's a very old formula: Personally responsibility and collective accountability. It will work, but it will take time and commitment for the long-term.

All Americans need to start today, living within their means, paying off their debts a.s.a.p., saving and planning for the future, etc., while they also take collective responsiblity for their own government by becoming informed and demanding that their government conform to our Constitution and the Rule of Law, accepting nothing less under any circumstance. King George gets away with thumbing his traitorous nose at our Constitution and laws, because we allow him and our own elected representatives to get away with it.

Personal responsibily is hard because it requires each of us to develop the self-discipline to say no to ourselves when we should. That generally means spending less, eating less, exercising when you should, spending more time reading worthwhile things, being honest in all that you do, improving yourself, practicing good character and mutual respect to everyone you meet, all because it's right, it's smart in the long-run, and it will in time make you a better, richer, healthier, happier person, and collectively, it will make our community and nation far better and stronger. And when we demand these things of ourselves and our families, fiscal discipline, honesty, good character, etc., we will no longer be able to tolerant any less from our collective government.

I love the folks who insist that if we had only stayed with Reaganomics, we'd be fine.

There's a major reason Reaganomics don't work -- if they ever did -- and it's called globalization.

What we are truly seeing economically is the demise of the nation-state and the rise of the corporate-state. This is great for people in Malaysia and Buttfuckistan; their standard of living goes up.

Not so good for the ones on top.

The idea behind Reaganomics was that lower taxes would result in more capital investment. The problem is that there's nothing in this country to invest in anymore.

We don't make anything.

They invest, but overseas.

Doesn't help us a bit.

When the economy is excellent and expanding

Repug voodoonomics work to a degree, because the initila economic expansion covers their profligacy.

As soon as things slightly slow down.

Bang, then they are at a loss for words and action.

Quelle surprise, I have been living in never never land spending far more than I earn, suddenly I am in trouble. Well gosh my golly what do I do now?