McCain chicken?Follow

Well, at least someone gets it.

Good lord.

It's like they just gave up.

Holy **** she's an idiot.

I'm hoping that pussying out of the debates will ***** him over as much as the actual debates would. Hopefully more, because more people are probably going to hear about this than would actually watch a debate.

I literally lol'd @ both those clips.

Then I realized there's still about a 50/50 shot John "the economy is not my strong suit" McCain could be President for a couple years before he turns the country over to Sarah "MILF" Palin on his deathbed.

I'm now getting drunk.

Damn, Jophiel beat me to it.

Edited, Sep 25th 2008 12:42am by Annabella

That woman should not try to walk and talk at the same time.

It's funny because here, in the UK, the media have been painting McCain as this sort of debate genius, a "streetfighter with a knife", who mastered the art of brutal putdowns and scathing comebacks, presumably during his time as POW, since that's apparently where he's learnt everything there is to be learnt. Whereas they say Obama is a bit long-winded and too thoughtful for these kind of debate frameworks.

And now McCain's chickening out, and he'll probably want some rustic fries with that.

What's not so funny is this $700 billion pay-out for those poor investment banks. Where do they find the money? Universal healthcare is too expensive, welfare is a drain on the system, taxes are rape, army veterans don't get proper pensions, people can't get help after a hurricane, and yet they have no problem funding a 5 year-long war in the ME, or finding $700 billion to rescue some bankers. Where was that money? Behind the couch? Under the matress?

The system is clearly broken. It's always the same, nobody gives a **** until a major catastrophe happens. This is what is happening with the economic crisis. The system was, and is still, fundamentally flawed. It's one huge circle-jerk between the bankers, investors and regulators. The more I read about it, the more shocked I am. It's insane to think that investment companies can employ the very people who rate their own bundles of stocks/mortgages, so that they devise ways in which to achieve those AAA ratings. That's just one exemple, but it shows how the whole "Don't regulate the financial markets" was just a way of enabling this scam to go on for as long as it did. There aren't many other industries where such collusion would be allowed to happen.

And now we're going to spend $700 billion to save them? What a joke. What a waste of money. And maybe it's just me, but I don't feel like ordinary people have gained much from all these money-making schemes. Salaries haven't increased. Tax revenues haven't increased proportionally. Maybe the luxury sector has seen its revenue increased, but that's about it. And now it's going to cost us another $700 billion? Is this the biggest rip-off in the history of rip-offs?

The worst is that the system will probably not change fundamentally, even after this debacle. I'm feeling more and more lefty these days...

Commie Bush is going to print it.

If Bush let "them" all go bankrupt that probably destroy a few pensions and cause massive unemployment.

But pumping money in it is keeping it artificially alive, completly detaching capitalism from reality.
Itll 100% surely makes the problem worse over time then the alternative, the majority of the 700 billion HAS to be taken back out of the economy within the decade thats not going to happen with current economy forecasts, there is no plausible "exit strategy" for printing this money.

Because of this the plan maybe causes hyper inflation almost immediately which would make the US a 3rd world country. What foreign investor would want to keep theyre dollars if the US prints 700 billion more, Arabs were already pondering of letting oil be paid in euros, etc, hello snowball effect.
Germany tried the same after the first world war "fines", to pay for them with printed money, take a bit of inflation and "repair it later", that plan didnt work then either.

And a lot of "branch" people (ecnomic) feel that the bankruptcys so far is still the tip of the iceberg.
Eg: no insurance company went belly up so far afaik, due to loan protection insurance (the bank-side version) its bound to happen, is Bush going to bail them out too? Where does it end?

Imo, best to be a big boy think on the long-term for once and let "them" go bankrupt, suck it up and be a 2nd world country for the next 2 decades. Since the alternative isnt structural at all, or guaranteed to work even on the short term.

Printing money without a solid exit strategy is a guaranteed economic apocalypse.

Edited, Sep 25th 2008 1:32pm by Sjans

Biggest problem of the $700 bil plan that still is that it isnt garantueed to prevent that at all. Inflation can do the same. Bush ofcourse sells it like a time-share salesman, and Joe Sixpack doesnt realize it.

Rule no 1 of investing / economy, if someone cant explain exactly why he's doing what he's doing and completly ignoring the negative effects, its an extremely bad idea and/or youre getting scammed, see sub-prime loans and short-selling.

Edited, Sep 25th 2008 1:56pm by Sjans

Ask the question: "What do you do if that doesnt ever happen, youre loan expires you have to buy higher and with money you dont have in the first place" and see the blank stare.

And that is only 1 of the negative effects that is/was ignored.

ps: I edit bc my english grammatic is teh suck.

Edited, Sep 25th 2008 2:13pm by Sjans

Ouch.

I believe he's borrowing it, and it's going straight on the treasury deficit. private foreigners and American citizens will loan the money to the US government, and the government/taxpayers will pay it back with interest.