More fodder for Obama/Biden

[spence]

Originally Posted by RIJIMMY

BTW - Ben aka fishweewee/poopoo predicted this all happening 9 months ago.

So why the hell didn't they take steps then to help soften the landing?

Instead we had denial...everything is fine...just keep shopping (which I did )

And now we have a knee-jerk reaction where the Fed thinks they have hundreds of billions in reserve to socialize our banking system!

REALITY CHECK: THIS COUNTRY IS BROKE!

-spence

[striperman36]

Been broke for sometime, we just keep trying to pass it on to the next generation since 'The great Communicator' bombed Russia out of cash
[IMG]file:///C:/WINNT/TEMP/moz-screenshot.jpg[/IMG][IMG]file:///C:/WINNT/TEMP/moz-screenshot-1.jpg[/IMG]

http://www.cedarcomm.com/~stevelm1/usdebt.htm

[spence]

Originally Posted by striperman36

Been broke for sometime, we just keep trying to pass it on to the next generation since 'The great Communicator' bombed Russia out of cash

Russia was failing before Reagan, he just helped kick them over the brink, as did Pope JP2 and a good portion of Eastern Europe.

Here's the rub. The spinsters will try to talk down our debt as a percentage of GDP, but when you look at the changes in the global economy in just the last 5 years (5 years mind you) there are so many more nations competing for the business that the US had a lock on in years past.

Granted, we have the innovative spirit and a legal system that protects IP better than any...

But there's a clear and present danger to our way of life if we can't get on the toe instead of the heels of our skates.

The looming (or already here) energy crisis is only going to exacerbate the issue.

Good thing we have a lot of nukes.

-spence

[striperman36]

Interesting and reasonably true points

And here I was hoping high oil prices would help shift that global view.

Also interesting how auto manufacturers have no plans to important their highest mpg vehicles into the US as the emission standards in 1/3 of the country won't allow it to be operated legally.

We also innovated most of these derative vehicles that have caused this current financial crisis

Just some ways I can think of where we can't seem to help ourselves

[spence]

A flip, flop, aflipiity floppity...

http://www.msnbc.msn.com/id/26749280/

On one hand I applaud this, as it will piss off the base given that it's a reasonable thing to say.

That being said, it sure does sound like he's just saying what he thinks people want to hear. I hope he can explain his reversal.

-spence

[striperman36]

To change or regulate it you have to first understand it.
I don't think either camp has that insight.