What a fucking asshole Rick Santelli is! Here’s the lovely little rant Mr. Hedgefund Manager/Stock Broker Santelli did today for CNBC viewers:
Where the hell was Rick Santelli when the housing market started crashing in 2005 (though some analysts are now saying the housing bubble started crashing as early as 2002)? Huh? Where the fuck was he! And what about all the Americans who had great paying jobs, were stable, and then they lost their job and could no longer pay their mortgage, nor could they come up with the money to pay their winter heating bills which caused more financial hardship, and weren’t able to sell their home, but then had to go into foreclosure, huh? Where the hell was the Hedgefund Fucker then!!!!
Oh that’s right! Ole Mr. Hedgefund Asshole was fine with the Shadow Economy that rewarded guys like Santelli when they were making bets that Americans weren’t going to pay their mortgages or loans! Yeah, yeah, I give you Exhibit A for your pleasure (click to enlarge) which was the beginning of the end of a normal economy….
WALL STREET BANKED ON A FAILED ECONOMY BECAUSE FAILURE WAS REWARDED TIME AND AGAIN! DO WE SEE SANTELLI SCREECHING ABOUT THE BILLIONS GOING TO THE CEO’S OF THESE FAILED BANKS/COMPANIES? Nope!
As I watch the video of Rick Santelli, I see a man who represents the uber wealthy/greedy in this country who would rather spend money bailing out the banks (who caused the problem in the first place, because even without regulation, they decided to not self-regulate and honestly could have stopped the madness had they wanted to!) rather than the Americans infected by these assholes! Had the banks said, “Ummmmm, sorry, but we can’t loan you money right now because your credit sucks, you don’t have a down payment, and your income is not enough for you to afford the home you want”, our nation wouldn’t be in the position it is! Oh, but that didn’t happen because we had George Bush saying, “Get your house any way you can! We are an ownership society!”. That said…
There are some Americans who should have known that they were too poor to own a home, but I bet if we were to put a microscope on the mortgages taken out from 2001 to 2008, we would find out that most of the mortgages were given to the middle class and the rich! Yep, we had couples going to a mortgage company with shoddy credit (credit cards maxed out I’m sure!), but because they had a combined income of $80,000/year, they got any mortgage they wanted, even though they couldn’t afford it.
And don’t even get me started on the home appraisers of this country who decided to put a price tag of $500,000 for a 2 bedroom/1 bath shack either! We now have a housing market that is worth half of what it was a year ago and none of those homeowners are able to sell their home to get out from under it without taking a huge loss.
There is lots of blame to go around, of course, but what pisses me off is Santelli is one of those assholes who keeps blaming the poor in this country for the downturn of our economy, when it’s guys like him who have made MILLIONS BY SUCKING OFF THE SHADOW ECONOMY TIT and can’t understand why our nation has spun out of control! They’re the ones who are to blame and who are the losers.
Assholes. I’m so sick of them. Could someone please round up the greedy fuckers of our nation and shove some tea bags up their asses so they can have a party as Santelli suggests in his little rant? Thank you!
What is happening today in the stock market and in our economy was already underway under George Bush, you know, the president who didn’t do a damn thing to plug the hole in the ship. Had his neocons in the House & Senate in 2005 passed laws to regulate the banking industry, our economy may very well be a ton better today. Instead, we have President Obama who is being blamed by the greedy wingers like Santelli for trying to make right with the American people, which tells me that Wall Street and the companies associated with it don’t give a flying rats ass about this country. At all.
Santelli is the loser. And a maggot. The End.
Don’t panic! I’m just trying other templates, because I cannot for the life of me figure out how to rotate images using my own! Ugh.
Sorry.
“I remember throwing punches around and preaching from my chair!”
“Well who are you?”
Fuck CNBC, bunch of avaricious insects with about ZERO SUM empathy and the brains of nats.
Our President may be inducing “agita”, ambivalence [state secrets, independent counsel] is high, but let me tell you one thing.
I only read the transcript but that speech he gave in AZ announcing the mortgage plan was all about the populace, I encourage everyone to read it on the white house blog.
And please before anyone shreds this plan, cnbc not withstanding, please be sure to read it thoroughly.
Here’s a link to mybarackobama.com [remember that site?]:
http://my.barackobama.com/page/community/post/obamaforamerica/gGxSN5
It’s nice to have a President with a brain!
p.s. I didn’t say he wasn’t surrounded by vipers…
sorry, but my cache was cleared. lost my cookie, erik prin(c) here
Vipers like this clown right here …smarter twin.
nitwit, oh the “clinton years” eh?
Get your compass checked you FRAKN remnant of horse phlegm!
CFMA 2000, tattoo that on your forehead you little insect!
Good night. And welcome to neo-liberalism 101…WNI will take it from here!
ok, name fixed now.
sorry, long day.
Ummmm, Retard at Comment #3? What was the economy during the Clinton years? Huh asshole? And can YOU explain why the economy plummeted quickly under the Bush years if what you say about the Clinton years is true? Huh? We did not lose millions of jobs under Clinton, so therefore, those who wanted a job could get a job and those who had a mortgage were mostly likely paying their mortgage.
Oh, but under George Bush the banks were giving money away like the end was near! And you know what? They were all banking on the end weren’t they? Very profitable for them.
I am trying to figure out what he said that is not true. Very easy to blame everything on Bush but it was BC that started this mess by forcing the banks to accept non-conforming loans. Why put any money down when you can borrow it all. The banks went along with it because they had no choice. Lets sell it off to fannie and freddie because they are so well run, at least according to the brain trust Maxine Waters. This couldn’t be because Dodd was on the payroll could it?
Why should you or I pay for someone who is irresponsible. Oh lets lower their interest rate, lower their mortgage so they can default again. That is such a great plan I don’t see how someone didn’t think of this before.
They must have been taken advantage of by those greedy republicans, had to be it because it can’t be their fault. They didn’t read the mortgage contract but none of the members of congress read PORK l and signed it so why should citizens be held accountable for their actions.
We are now into PORK ll wonder what PORK lll will be.
Why should we Americans who were opposed to the Iraq war have to pay for that? Huh? And why should the top tier of our society get trillions in tax cuts while the rest of us eat dirt? Huh? Why does my money go to defense when I don’t want it to, because I’d rather it go to social services?
And by the way, many Americans have been living on their credit cards during these tough times and that is not helping the situation either. Besides losing their jobs and not having the ability to pay their mortgages using unemployment benefits, they’re broke so they’re picking up the slack with their credit cards! It’s a vicious circle, but as we all know, George Bush’s Regime did nothing and when the Democrats tried to do something, it got blocked in the Senate and did not make it to Bush’s desk.
Why do you pay taxes for other people’s kids who use the local school? Were you not a little child once living in a town where single people paid taxes for ya?
Read this when you get a chance:
http://firedoglake.com/2009/02/19/were-in-a-depression-not-a-recession-heres-why/
That same logic could be used for most government spending. We can beat the iraq issue to death but the problem is we agree, there I go again. Bad decision for all the wrong reasons and the end result is horrendous. Would we have faced more terrorist attacks if we didn’t get involved, we will never know but we should not impose our will on any sovereign nation.
The mortgage mess is two fold. People buying homes they could not afford hoping to cash in because of rapid appreciation and than caught with falling real estate prices because the market wouldn’t support it which put them upside down. Should someone receive government help because they lost their job, yes they should because it is the right thing to do. Should we spend our money to bail out someone out because they were stupid and greedy and now are upside down, absolutly not.
This is not a bash on “the poor”, it was an attack on the majority of people that either bought homes they knew they could not afford or on the government for not letting capitalism run its course. You cant tell me that even in good times, people lose their jobs and are foreclosed on. Rick said that we should let those people lose the homes and get owners in that CAN afford them…make sense to me. It might hurt in the short term…I should know, I am trying to sell my home, but that is the natural part of the process. Artificially supporting prices will only make this process take longer to get to the enevitable bottom.
This is not a dig on the poor, dont you think there are stupid people on wallstreet that got used to the high salaries and bought homes they couldnt afford. They are right in there with the rest of us. Not to mention Wall Street and NYC/Chicago, with all the lay offs that have already happened or will happen, do you think their housing market is going to rebound any time soon. This is going to get much worse before we find a bottom and our markets start to heal themselves.
Kudos to Santelli for speaking for the 92% of Americans that are doing the right thing and paying our mortgages. If you dont agree with me, you need to move to China where they are still socialist and dont believe in capitalism. Or better yet, pop out 4 or 5 more kids and sit on your ass collecting welfare to pay for your mortgage!
The fiscally responsible Financial Times believes Obama has a good plan for mortgages:
http://www.ft.com/cms/s/0/11e4c3f8-febf-11dd-b19a-000077b07658.html?nclick_check=1
but it was BC that started this mess by forcing the banks to accept non-conforming loans.
Another reich wing LIE by skudmarks,
The majority of sub-prime loans were NOT new loans for houses but refinancing to get equity out. The idea came from Wall Street who needed a steady stream of loans to package and slice to dishonestly sell as triple A trates investments.
The origin of the problem was BANKERS allowed their standards to slide to make more money both wall street and mortgage originators. And the Bush mis-admin did exactly NOTHING to regulate the industry. Remember with a three year re-fi turn-over the 2006-07 loans which started this crash were written in 2002-03.
Spin it all ya want but Bill Clinton did NOT create this mess the Wall Street hyper greed pushed by the deregulation free markets are always right ideology was the foundation, and greed by people who should have known better, unreal price increases which out strip the ability of the middle class to afford because their incomes aren’t increasing with the price rises would tell anyone who was doing due diligence, (The mandate for every banker to stock holders and depositors) that things woul,ld NOT end well if you started basing profits on sub-prime loans and investments based on them.
Lets sell it off to fannie and freddie because they are so well run,
Damn your a shit eating stoopid moron son,
If you sell a mortgage to fannie or freddie, then two things happen;
1. The loans MUST meet the standards of loans they buy, which almost all sub-prime loans and re-fi’s definitely did not.
2. More important to the greedy bastards on Wall Street who was funding most of the sub-prime and alt a loans creation, they DIDN’T want any of those loans sold to fannie or freddie, cause they needed those loans to create more CDO’s to sell.
The whole operation was to create investment vehicles to sell for more profit on Wall Street, the long term consequences be damned …….
Damn your either the dumbest idiot on the blog, or the most dishonest.
Or possibly both.
They didn’t read the mortgage contract
I would have tried on the last mortgage I got, (which is paid off BTW), but the total paper-work was well over 750 pages.
I did read the original contract, and the Truth in Lending,. the title and made sure the documents about me were correct, but many of the papers were written in such legalese, that I asked far too many questions for either real estate agents or the loan officer, they just wanted to get the hell out of there.
Add the Clinton years in there too when he was strong arming the banks to make bad loans.
Lets see id-jet, the loans in question are the sup-prime and alt a loans being reset, because of the terms of the loans, and since the reset was three years after the origination of said loan, you must wonder why the loans which have caused the beginning of the economic crash were reset in 2006-07, which means they were originally written in 2003-04, now why do ya wanna blame Bill Clinton who was NOT president in 2003-04.
Or right your an IDIOT it seems and you have a problem with facts.
Sucks to be so DUMB eh son?
Rick Santelli is a Major League Asshat. Before anyone wants to go blaming the people caught up in this buzzsaw economy, listen to MY little rant on who should get the lectures.
Independent mortgage brokers understood the risks of selling mortgages to people whose incomes hadn’t been verified. This is the free market at its best – caveat emptor. The problem was that they weren’t keeping that risk on their own books because they stood to make even more money by selling it off to Wall St. The real culprits here are the greedy mortgage brokers and investment bankers who ignored the risk to their investors for the sake of billions of dollars in profits. John Q. Public who bought too much house may be stupid, but is innocent by comparison to the thievery of Wall St.
[...] Chicago Mercantile Exchange? Hell I’m far more gentle with those pricks than they deserve. Here is some of the well-deserved treatment that Kay in Maine delivers to them: There is lots of blame to go around, of course, but what pisses me off is Santelli is one of [...]
Hey K, GREAT post. I almost vomited when I saw Brian Williams sell this puke as some kind of hero. The second I finish sharing what I wrote on my blog about this maggot, I am going to fire off a nasty-gram to NBC news and I will never waste twenty minutes on that “newscast” again. Read it here: http://franksblog.org/?p=109
PS, Nice to see you’re still kicking ass and not even bothering to take names XOXO
Hi Frank! I was over to your place, Equal Time Radio, last night and was so upset about the news on Randi Rhodes! What the hell! I agree with you….she is a great voice and needs to find a place to share it.
This morning on Morning Joe, Scarborough was doing his usual drivel about taxes when talking about California’s problems. Well, his female host today (not Mika, another woman) said she knew years ago Prop 13 was going to be the downfall because capping property taxes only hurts….and it has! When Scarbough went bullshit she said, “Well, this is why Oregon is sweeping up all the smart people”, because the educated are going to Oregon to PAY THEIR FAIR SHARE OF THE TAXES and everyone is happy. LOL
Santelli is Joe Scarborough. Both are blaming the wrong people and taxes to make themselves feel better.
Great to see you, Frank!
My favorite part is when he refers to the applauding louts around him, traders at the CBO, who even in a bad year will take home multiples of 100k “a pretty good cross section of America.”
Get a clue.
Yeah, the Randi saga is a mess. Her “replacement” Nancy Skinner read a post I wrote on franksblog.org on her show coast to coast. She is a fux news contributor and has RW rats on her “show” every night. I was TRYING to respond to the hoards who were attacking Randi on various blogs, pointing out that ALL lib hosts have quirks that don’t appeal to everyone. She took ONE paragraph out of context and THEN made the point I made at the end of the post. In other words, she “foxed”me. I wound up as a guest on a show in Monterey California for a half-hour. OH JEEESUSSS!! It’S FOX SECURITY!!! GOTTA RUNNNNN!!! AGGGHHHH!
When the camps of positive liberty and negative liberty clash it disturbs our societal equlibria.
They have clashed and now we’re enjoying the outcome from the shifted balance.
The ruling elites had free reign to do what they wanted economically and politicallywith little restriction to their actions.
These individuals were allowed and encouraged to seek and fulfill their most selfish desires regardless of outcome or moral hazzard.
Positive liberty is deregulation.
As the ruling elite flexed the aquired muscle of deregulation it became the powerful engine that collapsed of our economy.
Positive liberty is the doctrine of the conservatives.
It is why the consevatives now stand in opposition to anything defined as librul.
There is a disconnect between the ruling elites concept of liberty and the common individuals concept of liberty.
It is through positive liberty that the entitlement mentality of the elites is explained.
They feel entitled to their power and anything that limit their power is an infringement upon liberty.
Its why W. felt entitled to his wars.
Its why the Republicans felt entitled to their permanent majority
and why they felt entitled to rule in the manner which they did.
It’s why they oppose any restricition up on their power.
It is why the wealthy ruling class elite feel entitled to the benefit of our collective tax dollars and would deny the commoner of any benefit of the collective tax dollars.
The ruling class feels entitled to the detmination of the common individual and the common individual is entitled to what the ruling class determines.
People will always want more and corporations will always want more.
A check and a balance to greed is not an infringement upon individual liberty as it is more of a gaurantee to protect everyones individual liberty.
Without these gaurantees in place a society will perpetually live on a bubble.
sorry about the mistakes in my above rambling.
i didnt proof read it as well as i thought.
anyhow, have a great weekend and for ya’ll who are headed to nola for the big party, enjoy.;)
aThoughtfrommars,
great name and at least it expalains your rambling.
The current administration is of the firm belief that the government can spend itself out of a recession and than tax into prosperity. Has never worked and never will.
George Bush’s Regime was of the firm belief that if you pilfer, plunder, and create fake wars to line the pockets of your corporate MIC whores, then you will be rich and can leave your mess for the Democrat to clean up. In other words, he told Americans to fuck off while he and his friends robbed us blind.
Hey Skidmarks….how do you think we are going to pay for the Iraq and Afghanistan wars that YOUR president got us into? Do you think the tooth fairy is magically make the cost of those wars go away? Also Skidmarks, what IDIOT cuts taxes while he throws his country into two wars? So if taxes are raised most likely it will be to pay off the debt of the two wars.
Wow Frank! So cool that you ended up on a show! What does Fox Security look like? I picture them with their shirts above their bellies & eating jelly donuts while fiddling with their gun.
*waving to Insidious*
Poor Skudmarks, he thinks Americans not paying taxes will help our country prosper. No wonder the No Party is in such disarray!
Here’s a great read by David Brooks called, Money For Idiots:
http://www.nytimes.com/2009/02/20/opinion/20brooks.html?_r=1
And my, my, my, why am I not surprised about the following….
http://oxdown.firedoglake.com/diary/3774
The Bush Regime put their foot down after all 50 attorney generals across our nation wanted to investigate and prosecute fraud in the sub-prime mortgage arena and predatory lending :
http://oxdown.firedoglake.com/diary/3774
Notice how skudmarks doesn’t deal with the core of the comment but tried to derail the discussion to a stupid comment about a handle.
Talk about the pot callin’ da kettle black, huh?
Then he lies by saying Government spending didn’t end recessions when everyone agrees the spending by the US government ended the great depression, but it took War time levels of spending to completely end the economic recession effects.
Being the usual reich-wing half ignorant troll, skudmarks uses a time tested troll technique to try to bury facts and ideas which lay the ideology they trumpet as flawed and corrupt.
Too bad history has proved him and his ilk wrong time and time again.
LOL! They look like out of work Blackwater mercenaries. But they smell like corpses.
Oh and skudy boy, somebody who knows tons more about economics then YOU ever will seems to agree with me;
So skudy boy,
go back to making off topic comments that aren’t relevant,
it is about all ya got left son,
and all ya really ever had.
LOL Frank. They smell corpses? Huh. That makes sense. Most right wingers are brain dead. Must be their brains you’re smelling!
LMAO Clif! I think you may have killed Skudyboy on your last comment!
You’re a fucking moron. The lack of a shadow economy that you decry is the reason people can’t get credit now. But hey, if you had the slightest clue about finance or securitization, you would understand that. The real crime is that the administration now wants to give those “hedge fund assholes” next-to-free money to bring back the shadow economy. On top of that, the government will take on 95% of the risk and get NONE of the return. Read it for yourself in the NYT. http://www.nytimes.com/2009/02/20/business/20lend.html?_r=2&hp
Also, Rick Santelli is not a hedge fund manager. He is a reporter and former trader who wasn’t born with a silver spoon but instead went to a state school and decided to work hard to make something of himself.
Well, of course, Robert Reich agrees with you, Clif, he believes in the same theories you do.
I DO, however, question Prof. Reich’s economic creds. He’s a public policy wonk and therefore has never been anything, but a Keynesian.
Also, even Reich admits tangentially that “relieving suffering” isn’t the same as economic stimulus. Notice he separates his points 2 and 3 from his point one.
I continue to find it very humorous, that y’all dismiss people with right leaning thinking “brain dead” when the majority of your opinions are merely cut and pasted from “informed” sources. This is the classic “appeal to authority” logical fallacy that works great in debate class but fails in application in the real world.
Forget arguing with information and a logical train of thought, Blake. The classic defense will be to call you a troll and/or an idiot with, maybe, some link to a lefty blog or website that “proves the point, CASE CLOSED!” (Even though the post has little factual basis and merely an opinion that is less well thought out than yours)
Is JFH whining again? We name call?? It seems you republican’ts do your fair share of name calling. Why don’t you people on the right get it? The tax cuts for the rich and tax breaks and subsidies for big corporations HAVEN’T stimulated the economy OR created new jobs.
If the republican’ts policies actually work like they repeatedly claim they do why isn’t there more jobs? Why hasn’t the economy been stimulated? We’ve had 8 years of tax cuts and tax breaks.
JFH, I recall on another thread where you said WWII helped get us out of the depression. If war helps stimulate the economy then why haven’t the two wars we have been stuck in stimulated our economy?
The lack of a shadow economy that you decry is the reason people can’t get credit now.
No, actually it is the over leveraged position, that “shadow economy” major players find them selves in, which has created the enviroment for the lack of trust among them, which has frozen the credit markets they basically control.
It is actually the fact they decided to accept an economic fallacy, that rising home prices could never drop, to securitize mortgages into investment vehicles and sell them, which was the sand upon which they built their castle of finance, and when the unthinkable happened, housing prices actually have dropped, the underlying basis of many of the investments they sold have collapsed which has destroyed their business model which was what froze credit.
So at this minute to unfreeze credit you have two basic ways to go,
Work with in the existing framework of the “shadow economy” to unclog the credit markets, which is what the people in Washington, London, Berlin, Paris, Bonn, ET AL have decided to do,
OR
Create and entirely new shadow economy overnight.
Because you need a way for the macro economic credit markets to work so the local credit markets can get the funding each of us ask for is available,
The real crime is that the people who pushed deregulation and greed is good refuse to stand up and admit their flawed and failed ideology is the real underlying cause of the crash, because without the illogical assumption that the greediest among us would never over extend their economic hands, we never would have gotten in this mess in the first place.
the government will take on 95% of the risk and get NONE of the return.
Well thank the greedy people who got us into this mess, the wall Street types and deregulation gurus who decided that people wouldn’t get too greedy ever so they didn’t need any regulation in the shadow economy.
The government is always the lender, buyer of last resort, and if it makes the price too high, the recovery in the economy they are working towards will take much longer.
Sad but true, the government always has to step in and fix the system if the greedy people who make the most profits off it break it, like they did in 1929 and have done again.
BTW screech all ya want, but Santelli is a six figure talking head who is pushing the GE model of finance just like Ronald Reagan did from the mid 50’s thru his election in the late 60’s as gov of Calif.
Santelli is just another high paid shill for the rich and powerful, his faux populism is just an attempt to hide the fact he helped push this crash in the shadow economy, by pushing the economic model that created this crash for years from his soap box on CNBC.
JFH,
Reich has written a piece you seem NOT able to debunk,
So you attack the messenger NOT the message,
typical reich-wing troll tactic when the facts destroy their talking points.
JFH, kool-aid drinker to the bitter end.
What FACTS Clif?? It is the consensus OPINION that WWII ended the depression… Of course this isn’t a “fact” despite the agreement of almost every historian and economist (liberal and conservative).
This is the problem with you idiots on the left. You have no ability to discern facts from opinions. There are still certain people that believe that the Great Depression would have recovered in the same time frame without WWII (mostly ultra liberals). We cannot prove or disprove their premise because it’s HISTORY, we can’t replay the actual events.
Reich goes FURTHER rhough in inferring that it was JUST A LOT MORE government spending (ie the TYPE of government spending is independent of it’s stimulus potential), when many believe that it was MILITARY spending that was the key.
THIS IS THE CRUX of the military-industrial complex theory as espoused by Eisenhower. Wasn’t it you Clif, that was worried about this idea during the Bush administration.
Reich goes FURTHER rhough in inferring that it was JUST A LOT MORE government spending (ie the TYPE of government spending is independent of it’s stimulus potential), when many believe that it was MILITARY spending that was the key.
Lets see the military spending in the United States during WW2 was by the United States government lead by Franklin Roosevelt, but JFH says US government spending isn’t relevant;
You obviously lied when you said you went to Annapolis, because with the idiocy you have shown here you couldn’t have made the grade son.
Military spending, STUPID, is government spending.
This is the problem with you idiots on the left. You have no ability to discern facts from opinions. There are still certain people that believe that the Great Depression would have recovered in the same time frame without WWII (mostly ultra liberals). We cannot prove or disprove their premise because it’s HISTORY, we can’t replay the actual events.
Just because some fooles believe in a stupid theory like the idiots who wanna claim the planet and Universe is 6000 years old and the biblical Adam is older then dinosaurs, it don’t undermine the FACTS numbnuts.
See idiot the holocaust is a fact even though the reich-wingers world wide wanna deny it happened.
It is sort of a pathology with your losers, deny facts then claim the rest of us agree with your delusions.
You clowns have been desperately trying to rewrite history cause the ideology you clowns follow have done so much damage that you need to LIE to keep any ability to foole people time and again.
BTW, the money for funding of the military industrial complex comes from congressional appropriations, in other words Government spending.
Damn your a hard line kool-aid addict ain’t ya boy?
Hey K, I added a new weekly award to franksblog.org. I’m still working out some of the kinks, but here it is. http://franksblog.org/?p=111
Hi Frank! Love your blog and the tag line. Perfect. Very fitting.
Like I said on your blog, you’re going to need a shitload of those Dick Awards to pass out to the wingers, so get crackin’ on them!
Uh JFH? George Bush’s illegal wars to the tune of trillions and his tax cuts for the wealthy during these illegal wars IS WHAT CAUSED TODAY’S GREAT DEPRESSION.
President Obama was handed the Bush Depression and is now slowly trying to fix it. Will it be fixed in a month? Nope. 6 months? Nope. Two years? Most likely thanks to George and his neocons! Hell, it could go longer than that, because we all know Wall Street loves Georgie so I’m sure the Big Players will continue to manipulate the market somehow to benefit themselves.
Clif,
Again you state that WW ll brought us out of the depression but the government actually spent money on jobs not 1/3 for jobs, 1/3 for tax cuts and 1/3 for social programs. The damocraps have again misrepresented PORK l as a job creation bill while creating the largest social program PORK bill ever. Call it what it is, a massive PORK project, because we want 51% of the American people depending on the government and than we will do what ever we want.
You depend on a government paycheck so it must work because you believe everything this abomination says.
Again you state that WW ll brought us out of the depression but the government actually spent money on jobs not 1/3 for jobs, 1/3 for tax cuts and 1/3 for social programs.
Actually id-jet WW2 spending, was after the jobs bills, WPA and other social programs lifted the GDP from the dismal levels of Hoover and helped get the unemployment figure from 25% down.
It was the idiotic obstructionists like Henry Ford, Prescott Bush, Thomas Edison and Lindbergh who opposed the FDR approach and openly supported the Hitler, before WW2 and for Bush even during the war, (four of the corporations he was either a director in or corporate officer were seized in 1942 for trading with Nazi Germany), while brave american service personnel were being killed by German troops.
See stupid, spending is the only way to grow an economy in a recession, and you screech about social spending, but most of that money goes to pay rent(so landlords don’t have to declare bankruptcy, food, which helps farmers, grocers and other necessities of life, which all create JOBS numbnuts.
Unlike reich-wing greedy republican’t who squirrel their ill gotten gains away in UBS style accounts helped by Phil Gramm and his compatriot tax cheats.
I agree with you tax cuts are the least favorable part of the bill cause tax cuts don’t stimulate an economy like direct spending ever does.
Hell Reagan cut taxes in 1981 and the recession got worse for well over a year. and taxes were much higher back then so the ability of lower levels of cuts would be even less effective. but you REPUBLICAN’T IDIOTS are one trick ponys about that, even though you have to lie and spin the stats to try to make tax cuts seem as effective as direct spending.
Oh and son social spending to the poor is a form of direct spending which has a direct immediate effect, it is just you seem to hate helping out those less fortunate then you.
Thanks to George Bush many of our CURRENT soldiers are also receiving government checks for the rest of their lives to live on, because of their injuries incured on the illegal battlefield Bush created for them to fight on.
According to Skudly above, these soldiers SHOULD ALSO FIND A JOB AND NOT GET A GOVERNMENT CHECK, even though half their faces & penises are blown off!
Wow, you neocons are hateful, but then again, you are part of the American Taliban who worships whitey crackers.
Skudly needs to list out what George Bush spent America’s money on when he was president. Oh wait! He spent it on an illegal war in Iraq and on the top 5% of America’s wealthy, so the ole adage that creating wars will help the economy is PLAIN WRONG.
George Bush sacrificed the poor & middle class while president and I hope that asshole spends the rest of his life looking over his shoulders for the angry masses!
If Clif served in the armed forces and was injured, he deserves government support, our service men and women get far to little for their service to protect our country.
SP should resign from office because she should be held to the same standards as other officials. Of course that means President Barack Obama will have to look for another post to appoint because, remember, both sides should be held accountable.
As far a hate goes, I only see it from one side. If you don’t have a dependable argument than just insult and swear at the writer who states their opinion. Never see both sides to an argument because that would force you to see some of your opinions are wrong and that is not what lemming damocraps do.
Uh Dumbass? Clif has tried to explain to you for quite some time now that he was in THE FIRST PERSIAN GULF WAR AND WAS INJURED AS A RESULT OF IT. Did you ever ask Clif what his responsibilities were in that war, you know, the one YOU DIDN’T GO TO?
Sarah Palin should be in jail for stealing from Alaskans in the few short years she’s been in office (and as mayor). She makes Ted Stevens look innocent.
Oh really? The hate is coming from the liberals? Ummm, sorry pal, but for 8 years we who have been online for all that time CAN ATTEST THAT THE HATE COMES FROM THE NEOCONS WHO THREATENED TO KILL ANYONE WHO DIDN’T WORSHIP GEORGE BUSH LIKE THEY DID! Yep, they called us traitors for years too because we didn’t love Bush like they did.
Funny….
….these same assholes hate President Obama and will not worship him! Why neocons? What has changed? Care to enlighten us Skudly….?
I said If Clif served he deserves government support.
You are correct about me not serving in the Gulf war, I was past my prime. Vietnam was more my thing and gee who got us into that Police Action that took 50K American lives.
We did prevent the Vietnamese rice farmers from taking over our country.
Who did we replace in Vietnam, that’s right the great country of France, now I see why you want us to be just like them.
Vietnam was more my thing and gee who got us into that Police Action that took 50K American lives.
First of all clear it up for us,
DID YOU serve in Vietnam?
and as for who got us into that one,
John Foster Dulles and his brother Alan Dulles made sure the Geneva accords of 1954 were quashed in the south when they went to New Jersey to get Diem a catholic to set up a puppet government in the south to keep the majority of the Vietnamese people from electing ho president, be4cause somewhere near 85-90% of the Vietnamese people supported the person who fought to free Vietnam from the Japanese in WW2 and then to evict the colonist power France from it’s soil, as their first president sorta like we wanted the guy who kicked the British ass as ours.Those elections were mandated by the Geneva accords. However like Bush the Dulles brothers had no problem violating international law or treaties to get what they wanted.
They then created the SEATO treaty so future US administrations would be bound by treaty to defend the government they created out of whole cloth. The treaty bound the US and other SEATO cosigners, like the Philippines and South Korea, both dependent on the US to defend a government which was illegitimate in the eyes of the people of Vietnam as imposed by a western power.
JFK inherited both the Bay of Pigs fiasco and the SEATO demand for defending the Dulles brothers puppet dictator in the south.
By the summer of 1963, John Kennedy had seem thru the whole mess and had ordered the beginning of the withdrawal of US troops, the first 1000 out of 17,000 advisers had been ordered to withdraw, when someone murdered Kennedy.
Read the pentagon papers, the pentagons own version of what happened written while it was happening son.
BTW numbnuts it was the reich-wing future neo-cons who refused to accept what France said about Vietnam just like they refused to accept the truth about the idiocy of attacking Iraq.
and a shit fur brains like YOU is still defending those idiots fur some reason.
See moron the Dulles brothers did in Vietnam what Bush has tried to do in Iraq, start a war by violating international treaties and law, then create a mechanism to force the future administrations to continue their illegal war.
and trust me bozo, the Vietnamese were at war inside Vietnam even if the sheeple in the US didn’t know it in the late 1950’s, the insurgency against the puppet government supported by the CIA which Alan Dulles ran was in full swing by the time John Kennedy was elected.
Alan Dulles ran both the Bay of Pigs ops and Vietnam fiasco from the CIA until Kennedy fired him on November 29, 1961.
BTW as an aside Henry Kissinger worked for Alan Dulles in the 40’s.
Other fiasco’s started by Dulles, he was instrumental in overthrowing a democratically elected president in Iran, and setting the brutal SHAH back on the thrown, (see operation AJAX)which ended when the Iranian people threw him out which resulted in the hate between Iran and the US for the last 3 decades and of course Reagan’s building up of Saddam as a counter weigh to Iran until he refused to dance to Washington’s tune.
also check out his checkerded past here
Alan Dulles, the nazis and the CIA
Or Here
The hidden power that certain elements of the reich wing used in the 1930’s thru the 70’s has never been fully explored in the public commons, however it did directly influence both the options available and the propaganda for the option the reich-wing wanted.
Circles with-in circles if you actually follow the players who don’t ask to get elected for the powers they claim sway over.
I highly doubt Skudly was in Vietnam and came out of it loving war and supporting George Bush all the way. Only cold blooded killers love George Bush and illegal wars. No one else does. It’s just you neocons.
Clif,
If you look at the past it is that George Washington that started all this mess and those idiots who drew up the constitution.
This stuff about being independent and making your own decisions, what a crock. Work for a living, what a crock, pay your bills, what a crock, be allowed to fail. What were they thinking because the government can make decisions for me much better than I can.
It was our founding fathers who got us into this mess. Given the choice President Barack Obama will change that.
I don’t have time to keep coming back to check this blog, fortunately. I kind of wish I had not stumbled across it the other day. This is filled with the most idiotic assumptions and conspiracy theories I’ve read in a long time. “I’m sure the Big Players will continue to manipulate the market somehow to benefit themselves.” Somehow! We don’t know how they will or even how they did, but SOMEHOW, the “Big Players” will hurt us little guys. Give me a break. Or better yet, give me some logical connections and lines of thinking.
This is not a depression. The problem is one of perception. We have gone nearly 30 years without having a serious RECESSION (see the Great Moderation). Therefore, people don’t remember (even those like Kay that lived through it) what a recession is like. No doubt it is serious, but don’t say this is a depression and don’t blame it on one man who had little to nothing to do with it.
For the great depression, consider that the war was on a much larger scale than this one. This allowed conscription/volunteering to soak up a lot of the unemployed. There is no doubt that this was also a huge government spending project. We also emerged with a new industry (defense) and the development of a consumer economy. Consider these things, and it’s clear that the war (in this case) rescued the economy. I was anti-war from the beginning of this one (Clinton wasn’t, Obama was busy organizing communities and I suppose was against it). I think that in light of what I mentioned above, this is a very different war and has not had the same effect on our economy.
One last point before I leave this blog for good. The last banking deregulation that occurred was in 1999. Who was the president? Before that, there was more deregulation in 1994. I have a fuzzy memory, was his last name Bush? Evil Bush deregulation is the problem?
Okay, according to Blake, everything is fine, the markets are running appropriately, everyone is happy, the illegal war in Iraq is making America rich, prosperous, and safe, the rich are good, the poor are bad, and the Shadow Economy will help America get out of this financial mess.
Wow neocon! You and Santelli of the American Taliban are so full of positiveness! Good for you.
I’m back for some reason… I guess I like an argument.
Where did I say everything is fine or ANYTHING about markets running well? In my first post I disagreed with the method of taking risk with no reward. I actually think that if the gov. is going to participate in the MBS market, they should just buy the entire MBSs themselves. It achieves the same effect with no handouts to hedge funds.
I STATED THAT I WAS AGAINST THE WAR FROM THE BEGINNING. At 18 I was able to see through the bs. I voted for Kerry in hopes of getting us out of the war.
The facts are the facts, we are not even close to the 1982 peak of 10.8% unemployment (currently 7.6%). Most economists/practitioners compare this recession to the mid-70s which peaked at 9.0%. Was 1982 or 1975 a depression?
In case anyone on this blog wants to get a factual view of the economy, http://research.stlouisfed.org/fred2/ .
I am not a neocon. I think for myself and realize that government has a place in our lives, but is not the answer to everything.
You have nothing but cliches and puns. Try thinking for yourself every now and then rather than buying into the straight party line.
The saddest part about the media in this country is that the majority is often not heard, Santelli epitomizes this problem.
Rick Santelli is a perfect example of this conflict of interest, I’d bet money he had all his short positions in place right before he called the majority of American homeowners “losers” then turned to his fellow seven figure buddies and demanded a market crash on national television in the middle of one of the most severe financial catastrophe’s this country has ever gone through.
In a word, criminal.
I sincerely hope the SEC has considered taking a good look at him, as soon as they finish with the great job they’re doing with Madoff.