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Dow hits 13,000 : Swingers Discussion 77834
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FORUMSGeneral DiscussionsBusinessDow hits 13,000
TOPIC: Dow hits 13,000
Created by: Lucky2haveU
Original Starting post for this thread:
Is the economy taking a back seat to the war in Iraq? Are dems deflecting attention away from a good thing for political gain? Honest question even the NY Times skirts the economy to the back pages to throw Iraq to the front page.

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Third party is a wasted vote, unfortunately and will not change a thing.

Destin FL
 
 
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Ron Paul has been talking about the monitary policy for twenty years. Not enough people heard him because too many sheeple are plugged into the Main Stream Media. I will be voting third party! Hope more people will just wake up!

Woodland CA
 
 
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"Enjoy the ride on Wall Street today folks......You're paying for it. Ain't "capitolism " great? "

Sure is....WE the People made over $15 billion in appreciation on our loan to AIG today because AIG's stock went up 59% by closing. AIG is now scrambling to see how fast they can pay the FEDS off on that loan before WE take too much of that 80% of the pie that we now own.

Mountain Ranch CA
 
 
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Barack Obama, who lamented Friday that “we have not managed our federal budget with any kind of discipline,” is nonetheless promising to spend $50 billion on a United Nations anti-poverty program that critics say will drive up American debt.

“The short-term weakness in the capital market is a reflection of long-term problems that we have in our economy,” Obama told reporters in Florida. “We have been loading up enormous amounts of debt.”

Yet Obama and his running mate, Joe Biden, have pledged tens of billions in new spending on a U.N. program that promises cash to poor countries. The program is one of eight sweeping “Millennium Development Goals” the U.N. adopted in 2000.

“Obama and Biden will embrace the Millennium Development Goal of cutting extreme poverty around the world in half by 2015, and they will double our foreign assistance to $50 billion to achieve that goal,” the candidates vow in their campaign platform.

Johns Hopkins professor Steve Hanke said such spending would merely drive up American debt, while doing almost nothing for the world’s poor.

Destin FL
 
 
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Thread moved here from Politics

Coral Springs FL
 
 
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Fannie, Freddie and Barry When the Fannie/Freddie crisis simmered over a few weeks ago, I dismissed the possibility of it making a significant dent on the public consciousness. I figured Fannie and Freddie were too opaque for the common person to understand. After all, even genius congressmen like Barney Frank found the twins inscrutable after having decades to unwind their mysteries. Then again, Fannie and Freddie gave Barney lots of reasons to stifle his normally insatiable curiosity. But now I’m reversing myself – Fannie and Freddie should earn the same level of infamy that Enron did earlier in the decade. The opacity of Enron’s operations certainly didn’t shield the energy giant from public opprobrium.

For years before Fannie and Freddie’s ultimate meltdown, observers warned about the dangers that the renegade twins represented. These observers routinely pointed out how Fannie and Freddie purchased the obedience of congress, especially Democrats in congress. Who were these observers sounding these alarms? In the media, there was the Wall Street Journal editorial page. And in congress, there was John McCain. The Journal put itself on the Fannie beat six years ago. John McCain began screaming for Fan and Fred reform in 2005.

When Barack Obama came to congress in 2005 with his extraordinarily inquisitive mind, he had every reason to know that Fannie and Freddie were bad news. So what did the relentless agent of change blessed with the magnificent judgment do? He instantly became the twins’ favorite kissing cousin in congress. Since 1988, only Chris Dodd has raised more money from Fannie and Freddie than Obama, and Dodd had 20 years to shake down the twins where Obama has had only four.

But Obama’s relationship with the twins runs still deeper. The two Fannie CEOs who did the most to corrupt the company, Franklin Raines and Jim Johnson, have close ties with Obama. Raines is one of Obama’s ranking economic advisors. Jim Johnson was actually in charge of vetting Obama’s potential running mates until Obama responded to public pressure and threw Johnson under the bus where he now resides comfortably with Tony Rezko.

Obama’s dealings with Fannie and Freddie are consistent with his pattern. He talks a big game about change, and yet his actions belie the bravado. It’s not that Obama merely fails to live up to his reformer rhetoric. Both in Chicago and in Washington, he somehow wound up keeping close company with the least desirable denizens. In both locales, he showed a bewildering combination of poor judgment and rank hypocrisy.

Destin FL
 
 
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Christopher Cox is the 28th Chairman of the Securities and Exchange Commission

Destin FL
 
 
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Obama says capitalism has failed

Regretfully, the producer of the video couches this Obama speech into some opinion, but starting at 40 seconds is one of the most important Obama videos I've seen. In this video, Obama clearly reveals his socialist agenda and calls for the end of capitalism.

CNN runs the headline, "We are in the most serious financial crisis in generations," for one minute, before switching to, "McCain's philosophy involves giving 'more and more' to the rich," as Obama does the Alinsky.

Watch him.

Obama comes before his audience bemoaning "all the problems we're facing right now," and identifies the "economic philosophy" as the culprit. He runs down a list of problems, repeatedly identifying "this philosophy" as the cause.

Obama describes the dire results, jobs disappear, life savings at risk, millions of families face foreclosure, etc., etc., etc. -- this is the Alinsky process, to "rub raw the sores of discontent."

Obama then condemns capitalism, saying, "..the final verdict on an economic philosophy that has completely failed.

He closes by presenting his solution to all of America's problems -- himself: "And I am running for president, because the dreams of the American People can not be endangered anymore."

That is the statement of an egomaniac!

Destin FL
 
 
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GREAT! Glad to see the Dems have found their balls. No more BLOOD for OIL!

Dems claim no blood for oil and yet still no drilling here and now. Make up your mind?

Saint Louis MO
 
 
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"Typical Liberal always more worried about somebody else arse instead of their own! "

well, some rightwingnut finally admits it.... Think of only yourself and fuck everyone else. But this isn't news. I'm just surprised that one of you actually understands it.

Arizona City AZ
 
 
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TOPIC: Dow hits 13,000