RE: "The Economy is in a Crisis!" says John McCain

RE: "The Economy is in a Crisis!" says John McCain (Full Version)

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DarkSteven -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 6:29:27 AM)
quote: ORIGINAL: MzMia What the hell is our current Administration saying or doing about the economy? Bush gave a speech yesterday. I believe it was ten minutes and said that he understands that some of us are feeling pain. He refused to take questions.

kdsub -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 6:37:47 AM)
quote: ORIGINAL: Sanity Probably the biggest threat to the economy is rising fuel prices which are in turn causing inflation... And Republicans have been pushing hard to open up more areas for drilling for years and years, but have been meeting stiff resistance from environmental extremists (aka the Democrats). But now, I see that Pelosi has finally buckled under GOP pressure to allow a vote on offshore drilling... maybe after the Dems start seeing the disastrous results of their policies taking their toll on the poorest among us we can start turning this thing around. The housing crisis to me means that houses are a little more affordable for first time buyers. Yesterday's stock decline cost me 10% of my 401k (yawn) but I'm in it for the long term... What this country really needs is energy and the question is, have the Democrats really learned their lesson, or are they just paying lip service to this country's needs prior to an election. Sanity...open your eyes and ears...its not fuel that is the main problem...it is the greed of our banking community...It will cost us Billions. Our government will eventually bail out the banks and say screw you little man...live in a cave and let them eat cake. Butch

bipolarber -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 6:37:48 AM)
But just yesterday, McCain PROMISED US that the "fundamentals" of our economy are strong.... (even as the Dow was taking a 500 pt. plunge, the biggest since 9-11) But then, he backpedaled, and said that what he meant by fundamentals was/were the American Worker... And long before that, he admitted that he didn't understand the economy... And just about every major economist is saying the same thing: it's all due to the last eight years of deregulation, and, as Bush himself said when he thought the cameras were off, and the mikes were cold: "Wall Street got drunk." (Yeah, and his administration, with McCain, and the GOP held congress, were the ones running the liquor store drive through window.)

Sanity -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 6:52:28 AM)
This banking crisis is temporary. The energy crisis though is something that Democrats have been dragging their feet on since Bush first began calling for opening up some spigots. Harry Reid, the top Democrat in the Senate, is fighting the Yucca Mountain project tooth and nail - and all the Democrats won't let us have any new energy period. Obama's solution to our energy problems? "Check the air pressure in your tires..." quote: ORIGINAL: kdsub quote: ORIGINAL: Sanity Probably the biggest threat to the economy is rising fuel prices which are in turn causing inflation... And Republicans have been pushing hard to open up more areas for drilling for years and years, but have been meeting stiff resistance from environmental extremists (aka the Democrats). But now, I see that Pelosi has finally buckled under GOP pressure to allow a vote on offshore drilling... maybe after the Dems start seeing the disastrous results of their policies taking their toll on the poorest among us we can start turning this thing around. The housing crisis to me means that houses are a little more affordable for first time buyers. Yesterday's stock decline cost me 10% of my 401k (yawn) but I'm in it for the long term... What this country really needs is energy and the question is, have the Democrats really learned their lesson, or are they just paying lip service to this country's needs prior to an election. Sanity...open your eyes and ears...its not fuel that is the main problem...it is the greed of our banking community...It will cost us Billions. Our government will eventually bail out the banks and say screw you little man...live in a cave and let them eat cake. Butch

popeye1250 -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 6:57:35 AM)
quote: ORIGINAL: MzMia quote: ORIGINAL: Termyn8or Just keep your eyes peeled DK, this is about the same thing, just with different names. BTW, do you have me blocked or something ? I tried to respond to your mail and it bounces me back to the homepage. Anyway, history repeats itself, and it will. They will make up new names for everything, but it really is the same. T Thanks T. I always say "modern day 21st Century" Depression, because many EXPECT this "depression" to look exactly like the LAST "depression". It will NOT look the same. But the results will still be devasting. This is 2008, not 1930, many changes have taken place in the last 80 years. So sorry folks, the new depression will LOOK a bit different. I do love the clothes from that time period. Buddy? can you spare a dime? Mia, do you think Fedora hats for men will make a comeback? Maybe people will start to see the error of their ways and vote for parties other than "D" or "R". It's those two political parties that have gotten us into this mess after all. We'll need some new sayings for this "Depression" though. "Buddy can you spare the keys to your Mercedes?" "Nobody knows 'da bubble I seen." "Sixteen jobs and what do you get, another day older and deeper in debt." Forget Bush doing anything, he's a MORON who went to "YALE." P.S. On the bright side, I'd hate to be a Chinese who's holding U.S. "debt!" "Have tickee no shirtee!"

kdsub -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 6:59:16 AM)
quote: ORIGINAL: Sanity This banking crisis is temporary. The energy crisis though is something that Democrats have been dragging their feet on since Bush first began calling for opening up some spigots. Harry Reid, the top Democrat in the Senate, is fighting the Yucca Mountain project tooth and nail - and all the Democrats won't let us have any new energy period. Obama's solution to our energy problems? "Check the air pressure in your tires..." No more temporary then the energy problem... and have you checked you investments lately...mine are down a lot more than the few dollars for big oil greed. Butch

bipolarber -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 7:01:19 AM)
So the houses will be cheaper for first time buyers, eh? Except than now, after this temporary banking crisis (which most experts tell us we haven't gotten anywhere near the bottom of yet) will have the effect of drying up the credit they had to extend to first time buyers. They will be considered to be a poor risk, so money won't be available to them. Oh, and only time will tell how temporary theis banking crisis will be... with an effectively quadrupled national debt, thanks to the Fannie and Freddie take overs, the debt to China for the quagmire, the housing crisis, and now the banks falling like dominoes.... yeah, everything will be hunky dory in a year... right... RIGHT?

Sanity -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 7:11:27 AM)
Our energy problem and our Democrat problem go hand-in-hand. We need to fumigate the House... and the Senate as well. Yes I checked my investments, just this morning. I'm down a little, but it's all long term and I know that with more energy this nation can get business into gear again... and gosh, I wonder which party wants to shut down all our energy use and production due to some fictional global warming scheme. [sm=gaah.gif] When checking your investments, do you say to yourself, "Gee, I hope the Socialists wins..." quote: ORIGINAL: kdsub No more temporary then the energy problem... and have you checked you investments lately...mine are down a lot more than the few dollars for big oil greed. Butch

subronnc -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 7:15:47 AM)
McCain's financial advisor was Phil Gramm, who said the economy was fine, it was only a mental recession, and anyone who said otherwise was whining. Of course this is the same Phil Gramm who cause the Savings and Loan crisis in the late 80s/early 90s through... wait for it... government deregulation. Which is why there is a thousand trillion of near-worthless, sliced and diced paper "investments" out there. Keeping tires properly inflated will conserve as much as we would actually be able to use domestically by drilling here, crossing our fingers, and hoping. The big secret the GOP doesn't want you to know is that drilling here won't do anything to gas prices, and that the oil we extract will go to the highest bidder due to world trade organization rules. Or to pay the interest on our debt to China when they stop taking greenbacks. So we get all the bad stuff (ecological nightmare) without any of the good stuff (black oil). The democrats have a better plan by investing in alternate fuels, electirc cars, mass transit, etc. that would create jobs in this country, but they can't override the Republican's fillabustesr in Congress or the president's veto, so why try? See, that is why the banking crisis is more important. It was brought to you by the party that says they are for "smaller government" while they expand the budget through deficit spending for which they have no plan to pay off other than by letting the dollar freefall against other world currencies. The democrats don't have a plan for the banking crisis because they didn't create it, and it is too huge bubble to wrap your arms around without popping it, see Fannie/Freddie. With WaMu and Wachovia teetering on the razor's edge and the fed saying "you should have failed first if you wanted the Bear Stearns treatment", plenty of other dominos are poised to fall, taking others with them.

DomKen -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 7:20:08 AM)
quote: ORIGINAL: Sanity Our energy problem and our Democrat problem go hand-in-hand. We need to fumigate the House... and the Senate as well. Yes I checked my investments, just this morning. I'm down a little, but it's all long term and I know that with more energy this nation can get business into gear again... and gosh, I wonder which party wants to shut down all our energy use and production due to some fictional global warming scheme. [sm=gaah.gif] When checking your investments, do you say to yourself, "Gee, I hope the Socialists wins..." I know that every time I look at my market account or 401(k) I hope the republicans all lose. The past 8 years of weak dollar crap out of GWB has been awful for the US economy and terrible for my company and my personal finances. Obama backs investment in new energy sources which means new locally grown industries. McCain wants more of the same which means that when we have to abandon oil we'll be hopelessly far behind the rest of the world in solar, wind, geothermal etc. and will have to buy from them and help sustain high paying manufacturing jobs over there rather than being the leader in these new industries and selling teh products of our manufacturing to others. The GOP leadership has always been horribly short sighted and this is just another proof of that. It's long past time to start thinking and planning long term rather than only worrying about what will line my pockets today.

subronnc -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 7:24:22 AM)
Our energy problem and our banking problem are related to our Congress problem -- the six years of Repbulican rule in the house, senate, and oval office. They did a good job of smoke and mirrors with their ficticious "war of terror" abroad (Iraq spent or sold its WMD stockpile) and at home (TSA, illegal wiretaps, patriot act, gitmo, etc.). But the bill is due for their tax cuts for the wealthy that never seemed to tricke down -- American workers are more productive than ever, yet their wages have lost ground to inflation. The economy that was going well when some of us bought cheap cineese imports from wal-mart can't keep going when higher costs of food and housing take away every dollar of expendible income from the lower 80% of us who own control maybe 10% (if that) of the country's wealth. The foreclosures are just the tip of the iceberg... eventually Citibank, Wamu, BoA, etc. are going to want to pay down their debt by charging higher fees and interest rates to do business with them. And they will be the only game in town, so you'll have to pay it and like it, just like the gas speculation scam that started earlier this year and is getting its second wind from the otherwise harmless (to oil/gas production, not the people devestated by its wake) Hurricane Ike.

meatcleaver -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 7:42:46 AM)
quote: ORIGINAL: Sanity Our energy problem and our Democrat problem go hand-in-hand. The average America consumes about twice as much energy as the average European or Japanese, that means the energy problem in the US is one of over consumption. The average energy wasted in the EU is 30%, in the US its around 60%. That means the energy problem is self made and doesn't have to exist, its a problem of conservation which could solve the problem by not wasting energy. However, as I recall, President Carter said America should not waste so much energy and seek energy self sufficiency way back in the seventies which means the democrats were at least 30 years ahead of the Republicans but no one wanted to listen. Perhaps its time for Republicans to listen to a little common sense instead of seeing a get rich quick solution of chasing oil dollars, that will fatten the already fat and do nothing for the average citizen. All that and one doesn't have to begin with the environment.

Sanity -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 8:23:34 AM)
Some prefer we were cave people, under consuming and not using energy to produce things... some on the Left, specifically. Which is my whole point. quote: ORIGINAL: meatcleaver The average America consumes about twice as much energy as the average European or Japanese, that means the energy problem in the US is one of over consumption.

DomKen -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 8:41:23 AM)
quote: ORIGINAL: Sanity Some prefer we were cave people, under consuming and not using energy to produce things... some on the Left, specifically. Which is my whole point. quote: ORIGINAL: meatcleaver The average America consumes about twice as much energy as the average European or Japanese, that means the energy problem in the US is one of over consumption. In case you missed it, The EU in some cases exceeds the US in productivity per hour worked despite using less energy.

patwi -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 9:14:17 AM)
quote: ORIGINAL: popeye1250 Mia, do you think Fedora hats for men will make a comeback? Unrelated but - I really hope so.

LaTigresse -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 9:16:31 AM)
My first thought was "you mean he just now figured that out?!?!?!?!?" The experts have been warning of this for years now. We have only ourselves to blame. Too much use of credit, creative financing of homes. Big corporations with poor CEO choices that only look at the bottom line to please shareholders. Poor CEO's making horrible choices for short term gain that destroy companies instead of difficult choices for long term growth. We were warned, we didn't want to listen. Now we are paying the price.

Vendaval -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 11:52:33 AM)
Right on the money, La T. Or should I say, the non-existing and rapidly evaporating money. [&:]

Vendaval -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 12:04:41 PM)
Hi Dom Ken, Unfortunately I think we are headed into the same type of problem with different manifestations and symptoms. quote: ORIGINAL: DomKen Ladies, please dial back the rhetoric a little. This downturn looks to be a rough one but the Great Depression started with three years of 10% or so deflation. While what is happening is bad it isn't that sort of bad by a long shot.

Sanity -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 12:59:37 PM)
There are a lot of reasons Americans use more energy that Europeans or the Japanese. We have harsher climates, requiring more HVAC. We're a bigger country, requiring more transportation. And we produce more, even if in SOME cases another country MAY be a little more efficient. But this whole, "America uses too much energy" hijack is just one more red herring. Regardless of how much energy we use compared to Switzerland, that is what the economy runs on - energy. The Left wants to cut it out from under us, hurting business, hurting the poor, hurting the sick, hurting the elderly, and hurting families with children... Say we use too much. Fine - just don't come crying to me when you cripple our economy in order to please your friends across the pond. quote: ORIGINAL: DomKen In case you missed it, The EU in some cases exceeds the US in productivity per hour worked despite using less energy.

DesertRat -> RE: "The Economy is in a Crisis!" says John McCain (9/16/2008 1:12:07 PM)
quote: ORIGINAL: Sanity Our energy problem and our Democrat problem go hand-in-hand. We need to fumigate the House... and the Senate as well. I know! Why don't we just invade a country with a whole lot of oil and just take it? Hell, they'll probably greet us as liberators! Waddya say? Fuck this conservation shit. It's gay! Bob

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