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#102 Jan 22 2008 at 4:39 PM Rating: Good
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The Federal Reserve unexpectedly slashed a key interest rate by a bold three-fourths of a percentage point on Tuesday, responding to a global plunge in stock markets that heightened concerns about a recession. The Fed signaled that further rate cuts were likely.
Link.

So. What next?

I would suggest a fall of the US$ against the GBPound Euro and Yen. That will lead to inflation. Wich will negate any possible benefits coming from the vote-buying economy stimulating $500 handout.

Remember all those goods and raw materials coming from abroad are being paid for in $US.

Also, I think that only Japan now has a lower interest rate than the US. That is not going to make the US$ particularly attractive to foreign investors.

Coming your way soon!!! A re-raising of interest rates to try and stem the inflation wich will lead to yet more problems in the stock market.

Its not looking very pretty from where I'm sitting. but then again no-one is has distracted my attention from reality with promise of a $550 cheque in the post......
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#103 Jan 22 2008 at 5:05 PM Rating: Decent
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Smasharoo wrote:

It's always either/or with you guys isn't it?


Not so much that as it's always we're capable of having an opinion about the viability of a policy before it's enacted, usually based on past experience. For instance, "us guys" were under the crazy impression that funding a $200B war while cutting taxes on dividends wasn't going to lead to Clinton like economy.


Well, I was originally talking about the fact that everything that comes from Bush is wrong, and everything that comes from anyone who dislikes Bush is right (from your perspective anyway). This without any analysis of the actual issue at hand of course!

However, on the subject you mentioned isn't it more like you predict disaster (cause it's Bush, right?), and then when disaster doesn't happen you attempt to convince everyone that it really is a disaster, just not everyone has noticed it yet. Then, as years go by and the disaster does not happen, and in fact the policy you decried starts to work and do what we conservatives said it would do, you change the subject.


Kinda like how the entire new-found focus on the economy is because there hasn't been enough bad news from Iraq lately. Gee guys! How predictable is that?! You figure that it's been long enough since the last time you insisted that Bush was going to ***** up the economy and ended up completely 180 degrees wrong that maybe no one will notice if you start making the same claims again...


Funny really. Incredibly predictable too.

Quote:
Any moron can throw up his hands and say "there's no way to know, let's see what happens"! It doesn't make them right, it just makes them ignorant.


And any moron can simply insist that something wont work regardless of any facts or figures. It takes a smart person to look at what's happening and what's proposed and realize when things are actually working and when they actually aren't.
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#104 Jan 22 2008 at 5:36 PM Rating: Good
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However, on the subject you mentioned isn't it more like you predict disaster (cause it's Bush, right?), and then when disaster doesn't happen


That's an open question, I'd say. Let me know when disaster doesn't happen.

Is the country in a better place than it was 8 years ago? No. Four years ago? No. He nominated a young mediocre SCOTUS chief justice who, along with Alito and Thomas, will blindly rubber stamp Scalia's opinions, meaning we're one vote away from eroding Roe, Miranda, and a host of other civil liberties issues. We're in crushing debt, mired in a war where no victory can even be defined, never mind accomplished, on the verge of a broad economic downturn, and the power of the Executive has been exploited to result in the least transparent government in our lifetimes.

Which part of this, exactly, hasn't been a disaster?
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#105 Jan 22 2008 at 5:40 PM Rating: Good
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Iraq is a ******* mess.

There has been virtually no political progress in Iraq (the stated aim of the 'surge'), and you are no closer to a power-sharing government, oil revenue agreement or new constitution - than you were before the BushCo sent 30,000 more troops to Iraq.

Day to day life for the Iraqis (who havn't been able to leave) is horrendous. They live in segregated ghettoes. The refugee problem is immense. The ones who have returned cannot get help to rebuild or reclaim what was theirs. US soldiers are still dying daily (even tho they hardly go outside their compounds any more).

On pretty much every level the 'surge' has been a failure.

Just because it isn't being reported on in the media that you expose yourself to, doesnt mean that its 'all good'.

I've only gone quiet about it because arguing with you about it is pointless. Prod me tho, I'd be happy to start again.

Bush (yes, the 'man') is a fekking dork. An incompetant dimwit. The only place his epic incompetance will be missed will be in forum=4. The only pleasure he has bought to the world is observing his flawless ability to turn everything he touches to poo.

He will be gone soon (hopefully to a jail somewhere) But no doubt the next fool will be along shortly after to supply even more idiocy, even more fodder for the folk who lurk here when they've got nothin' better to do with their day.

You're right Gbaji. I for one think that Bush is an utter cnut. He has not one redeeming feature (except his comedic value).

Quote:
It takes a smart person to look at what's happening and what's proposed and realize when things are actually working and when they actually aren't.



A statement like that honestly makes me wonder if we're even talking about the same 'Iraq' or same 'economy' or same '<insert almost any subject you can think of here>'

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#106 Jan 22 2008 at 5:46 PM Rating: Decent
Why do people keep thinking it was Bush who screwed the economy up? It wasn't Bush, it was these sets of people.

First, scumbag realtors who artifically inflated home prices Don't give me that supply and demand crap, they kept them artifically high even when there was excess supply).

Second, predatory lenders who gave people with shit credit loans they didn't deserve.

Next, credit rating companies giving AAA ratings to said shit loans

Lastly, idiot hedge fund magers investing in shit AAA rated loans.

It is not Bush's fault, it is not his duty to regulate these financial fields. If anyone, it is the Fed's fault for not regulating these better or Clinton's fault for removing some of the laws governing these things.

Listen, I am not fan of Bush (and I am a republican)but, this isn't his fault.

As for his tax rebate, it most likely won't do anything except remove FEAR from the markets. This is why the Fed cut rates 75 basis points today, to calm recession fears which had taken on a life of their own overseas.

As I stated earlier, the only thing that will stop a recession is a very rapid reversal in credit. Since most of these sub prime loans defaulted creditors have become very stingy. Even businesses and people with excellent credit are having trouble getting credit. Without credit, businesses can not expand nor can the gluttony of the American consumer shine through.

#107 Jan 22 2008 at 5:50 PM Rating: Decent
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Listen, I am not fan of Bush (and I am a republican)


Stopped reading about there.

Let me guess, though. Anything good that happens is because of his policies, and anything bad that happens isn't his fault, right?

When was it that "Republican" came to mean "No Personal Accountability". 1968, you think?
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To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#108 Jan 22 2008 at 5:59 PM Rating: Decent
Smasharoo wrote:

Listen, I am not fan of Bush (and I am a republican)


Stopped reading about there.

Let me guess, though. Anything good that happens is because of his policies, and anything bad that happens isn't his fault, right?

When was it that "Republican" came to mean "No Personal Accountability". 1968, you think?


No, not at all. I can honestly say I probably disagree with more of his policies than I agree. Maybe you should keep reading my post, you actually might learn something.

BTW, I wasn't alive in 1968 but were you referring to Nixon?
#109 Jan 22 2008 at 6:00 PM Rating: Good
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The Chief Executive of the US said

Quote:
I'm the decider, and I decide what is best.


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#110 Jan 22 2008 at 7:28 PM Rating: Default
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paulsol the Righteous wrote:
Iraq is a @#%^ing mess.

There has been virtually no political progress in Iraq (the stated aim of the 'surge'), and you are no closer to a power-sharing government, oil revenue agreement or new constitution - than you were before the BushCo sent 30,000 more troops to Iraq.


Lol. Keep saying that. Maybe someday you'll be right!

Oh wait. What'll happen is that it'll become increasingly obvious that you're wrong, but you wont admit it, but will focus on something else instead. Funny that...


Perhaps you can explain why there's been so little news out of Iraq lately? Surely it's not because everything is going poorly...
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King Nobby wrote:
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#111 Jan 22 2008 at 7:31 PM Rating: Decent
gbaji wrote:

Perhaps you can explain why there's been so little news out of Iraq lately? Surely it's not because everything is going poorly...



Political economy.


That and the focus has been shifted to the upcoming canadates. I doubt it has anything to do with how well or poorly things are going in Iraq.

Edited, Jan 22nd 2008 7:31pm by Rimesume
#112 Jan 23 2008 at 2:55 AM Rating: Decent
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No, not at all. I can honestly say I probably disagree with more of his policies than I agree.


Then YOU AREN'T A REPUBLICAN. How fucking stupid are you people? "Well, I'm a Socialist, but I don't believe in Welfare, Trade Unions, or Taxation of any kind"

Christ.

Edited, Jan 23rd 2008 7:33am by Smasharoo
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Disclaimer:

To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#113 Jan 23 2008 at 3:59 AM Rating: Decent
Smasharoo wrote:


No, not at all. I can honestly say I probably disagree with more of his policies than I agree.


Then YOU AREN'T A REPUBLICAN. How fucking stupid are you people? "Well, I'm a Socialist, but I believe in Welfare, Trade Unions, or Taxation of any kind"

Christ.


I hear Conservatism is a mental illness that is treatable with powerful psychoactive drugs.
#114 Jan 23 2008 at 5:30 AM Rating: Excellent
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gbaji wrote:
paulsol the Righteous wrote:
There has been virtually no political progress in Iraq (the stated aim of the 'surge'), and you are no closer to a power-sharing government, oil revenue agreement or new constitution - than you were before the BushCo sent 30,000 more troops to Iraq.
Lol. Keep saying that. Maybe someday you'll be right!
He is right. Which of the political goals set for the surge have been accomplished?

You like copying and quoting from the President's speeches so here you go.

"The Iraqi government plans to take responsibility for security in all of Iraq's provinces by November" - Nope
"Iraq will pass legislation to share oil revenues among all Iraqis." - Nope
"The Iraqi government will spend $10 billion of its own money on reconstruction and infrastructure projects that will create new jobs" - Nope
"Iraqis plan to hold provincial elections later this year" - Nope
"The government will reform de-Baathification laws... - Nope, although they did finally pass a single law a week ago, a year after the surge was declared by Bush.
"...and establish a fair process for considering amendments to Iraq's constitution." - Nope

"A successful strategy for Iraq goes beyond military operations. Ordinary Iraqi citizens must see that military operations are accompanied by visible improvements in their neighborhoods and communities. So America will hold the Iraqi government to the benchmarks it has announced." - Oh, hell no.

Partial credit for one benchmark a year later. That's, what... 8% success? Sounds like a fair definition of "virtually no political progress" to me.

Edited, Jan 23rd 2008 8:17am by Jophiel
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#115 Jan 23 2008 at 7:08 AM Rating: Good
Smasharoo wrote:


No, not at all. I can honestly say I probably disagree with more of his policies than I agree.


Then YOU AREN'T A REPUBLICAN. How fucking stupid are you people? "Well, I'm a Socialist, but I don't believe in Welfare, Trade Unions, or Taxation of any kind"

Christ.

Edited, Jan 23rd 2008 7:33am by Smasharoo


Are you kidding me Smash? I agree with the basic Republican fundamentals BUT, I do not like how Bush implemented those policies.

one example: Why do I find myself always explaining some simple issue to you.
A basic Republican belief is strong education for our children (which I agree with). Bush's policy: No Child Left Behind, which is crap. It holds teachers accountable (good)for children but gave them less resources to educate (bad).


Besides, isn't Rudy Giuliani a Republican and he doesn't agree with most of Bush's policies?

Seriously Smash, wake up

#116 Jan 23 2008 at 7:18 AM Rating: Good
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shadomen the Irrelevant wrote:
A basic Republican belief is strong education for our children (which I agree with). Bush's policy: No Child Left Behind, which is crap. It holds teachers accountable (good)for children but gave them less resources to educate (bad).
You may belief in a strong education system, and you may call yourself a republican. That does not make belief in a strong education system a republican belief.

Besides no normalish-type American is going to claim to be against educating our young. What does the republican party DO to further the cause, that is different from other parties?

Dumb example.
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#117 Jan 23 2008 at 7:32 AM Rating: Excellent
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Quote:
It is not Bush's fault, it is not his duty to regulate these financial fields. If anyone, it is the Fed's fault for not regulating these better or Clinton's fault for removing some of the laws governing these things.

So it's the FED's fault that investors who took risks lost money? Say it ain't so!

Two words: Moral Hazard.
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#118 Jan 23 2008 at 8:19 AM Rating: Decent
Elinda, Star Breaker wrote:
shadomen the Irrelevant wrote:
A basic Republican belief is strong education for our children (which I agree with). Bush's policy: No Child Left Behind, which is crap. It holds teachers accountable (good)for children but gave them less resources to educate (bad).
You may belief in a strong education system, and you may call yourself a republican. That does not make belief in a strong education system a republican belief.

Besides no normalish-type American is going to claim to be against educating our young. What does the republican party DO to further the cause, that is different from other parties?

Dumb example.


OK, I agree that would be a bad example. Let's try another one. The war on Terrorism. I think we should do almost anything possible to prevent another attack. I do not agree with the policy of a preemptive strike on Iraq.

I am not a conservative Republican, very far from it.
#119 Jan 23 2008 at 8:22 AM Rating: Good
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shadomen the Irrelevant wrote:
Why do people keep thinking it was Bush who screwed the economy up? It wasn't Bush, it was these sets of people.



Deregulation has lead to structural problems in our economy and that is the legacy of republicanism, at least since about 1980.


Goddamnit, I still hate Reagan.

Quote:
A basic Republican belief is strong education for our children (which I agree with).

Not a partisan belief.

Quote:
Bush's policy: No Child Left Behind, which is crap. It holds teachers accountable (good)for children but gave them less resources to educate (bad).


A crappy unfunded mandate that not only doesn't help the school systems, but actually hurts ones that were performing adequately b/c they have to funnel resources to support the students studying for tests that have unproven merit. Secondly, besides No Child Left Behind and Zero Tolerance, we have an increasing problem of schools expelling kids under highly dubious circumstances (we see it here all the time) and given the fact that a troubled kid who has an 8th grade education is more likely to wind up in Prison than one with a high school diploma, that is problematic. Of course, given the amount of cheap prison labor available to corporate america, that may be part of a larger plan.

Everyone knows that in social services, Republicans only support the building of more prisons--including the 80% of people in prison for non-violent offenses that cost the state 30K a year. But apparently only bleeding hearts want to see some of this resolved in the community at considerably less cost to the tax payer and in programs that have been shown to decrease crime.

Edited, Jan 23rd 2008 11:28am by Annabella
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#120 Jan 23 2008 at 8:32 AM Rating: Decent
The Demea of Doom wrote:
Quote:
It is not Bush's fault, it is not his duty to regulate these financial fields. If anyone, it is the Fed's fault for not regulating these better or Clinton's fault for removing some of the laws governing these things.

So it's the FED's fault that investors who took risks lost money? Say it ain't so!

Two words: Moral Hazard.


That's not it at all. I was saying it is the Fed's fault they didn't regulate the lenders not the investors. According to this Washington Post article from March of 2007 (when the crisis really gained steam), The US Senate belived the same thing.

Quote:
Senators yesterday accused the Federal Reserve and its former chairman, Alan Greenspan, of a "pattern of neglect" that fostered a crisis in the mortgage industry that is putting more than 2 million families at risk of losing their homes.

Members of the Senate Banking Committee said the Fed had power to regulate risky lending practices but did not choose to use it even as exotic mortgages given to buyers with checkered credit helped drive up housing prices across the country. The mortgage mess has rattled markets in recent weeks and spurred a broad reassessment of lending practices.


And now we are paying for it.

#121 Jan 23 2008 at 8:37 AM Rating: Good
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This country is just screaming for a "Civil War" begging even....

mark me.. 150 years.. this place is gonna look a lot different.. rather than highways full of SUVs and H2s you're gonna see armored personal carriers and pickup trucks full of gun-toting evangelicals.

It's gonna be so exiting.
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#122 Jan 23 2008 at 8:43 AM Rating: Decent
The Honorable Annabella wrote:
shadomen the Irrelevant wrote:
Why do people keep thinking it was Bush who screwed the economy up? It wasn't Bush, it was these sets of people.



Deregulation has lead to structural problems in our economy and that is the legacy of republicanism, at least since about 1980.


Goddamnit, I still hate Reagan.


I actually believe that Clinton was the one who opened the door. The banking deregulation act of 1999? Looking for the site...

Anna wrote:


Everyone knows that in social services, Republicans only support the building of more prisons--including the 80% of people in prison for non-violent offenses that cost the state 30K a year. But apparently only bleeding hearts want to see some of this resolved in the community at considerably less cost to the tax payer and in programs that have been shown to decrease crime.


You forgot the Death Penalty
#123 Jan 23 2008 at 9:03 AM Rating: Good
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Hey, hey, hey, hey. Ease up on the Iraqis, people. Major progress occured this week: They agreed to change the look of the national flag. If that ain't progress, what is? <---Definitive proof the surge is working.

Totem
#124 Jan 23 2008 at 9:05 AM Rating: Good
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Totem wrote:
Hey, hey, hey, hey. Ease up on the Iraqis, people. Major progress occured this week: They agreed to change the look of the national flag. If that ain't progress, what is? <---Definitive proof the surge is working.

Totem


Republicans are really stretching for any type of affirmation that the war wasn't a total failure. Too bad you weren't quite the same boosters during the conflict in Kosovo.
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#125 Jan 23 2008 at 9:09 AM Rating: Excellent
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Wow. Regular ol' Joph fan club in here.
#126 Jan 23 2008 at 9:23 AM Rating: Decent
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Jophiel wrote:
gbaji wrote:
Perhaps you can explain why there's been so little news out of Iraq lately?
This Week in Iraq
Well, I heard this piece about Fallujah this am on NPR.




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