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What are they doing?
Author: Raine
Date: 11/13/2008 13:25:40
I have to be honest. I woke up and realized, I have nothing today.
It's not that I don't have any ideas, I have so many. I want to talk about the bailout, the auto industry, the basic economic mess we still have. I can't, because I really do not understand it. Everyone seems to agree that the bailout has been a colossal failure, heck, even Hank Paulson decided to switch gears yesterday, claiming that the 'facts on the ground' had changed. What?
And with that, the market's promptly tanked again.
What we NEED is not the same chaotic actions that gave us this crisis. What we need is a person, a group of people that at the very least appear to know what they are doing. This does not create a sense of confidence to nations or markets. Like I said I don't understand what this is all about. Everyone seems to have an opinion, but when the Treasury Secretary changes gears like this, I have to wonder if he actually knows what he is doing. In the mean time... *ush thinks we should stay the course. No, really. It really makes me wonder, who the hell is in charge and what in the world are they really doing?
Of course, the one thing I do know about this economic crisis is that they are indeed pulling off the biggest heist the world may ever have known. There is one person who at least is watching the house, as best as he can, and I am happy about that. Andrew Cuomo is an elected official actually trying to hold people accountable for their actions... how about that?
Ok, so maybe I did come up with a little something, but I am still very confused... Personally I would like to see EVERYONE STOP and wait 68 more days until the grownups can take charge, because right now, frankly, while people are calling this a bailout, the ship is still sinking.
And maybe in the end, that is the plan - to drown everything in a bathtub. I hope we still have time.
:peace: and
Raine
It's not that I don't have any ideas, I have so many. I want to talk about the bailout, the auto industry, the basic economic mess we still have. I can't, because I really do not understand it. Everyone seems to agree that the bailout has been a colossal failure, heck, even Hank Paulson decided to switch gears yesterday, claiming that the 'facts on the ground' had changed. What?
Treasury Secretary Henry Paulson's surprise announcement Wednesday that he'll shift from purchasing troubled assets under the $700 billion Wall Street rescue plan is likely to result in spending taxpayers' dollars to shore up unregulated financial institutions that aren't banks but are vital to consumer lending.
During the negotiations on a bank rescue bill in late September and early October, Paulson argued that he needed broad authority to purchase distressed mortgages and other bad assets in order to clean up bank balance sheets and allow them to resume lending. Despite extensive misgivings, Congress created the Troubled Asset Relief Program. Now Paulson's ripping up that plan.
What we NEED is not the same chaotic actions that gave us this crisis. What we need is a person, a group of people that at the very least appear to know what they are doing. This does not create a sense of confidence to nations or markets. Like I said I don't understand what this is all about. Everyone seems to have an opinion, but when the Treasury Secretary changes gears like this, I have to wonder if he actually knows what he is doing. In the mean time... *ush thinks we should stay the course. No, really.
President George W. Bush today will urge leaders of the world's biggest industrial and developing economies not to abandon principles of free-market capitalism as they seek a way out of an international financial crisis, calling it the ``best system'' for delivering growth.
In a speech in New York before weekend talks among leaders from the Group of 20 nations, Bush will say policy makers "should fix the problems we have rather than dismantle a system that has improved the lives of hundreds of millions of people around the world,'' according to statement released by the White House.
Of course, the one thing I do know about this economic crisis is that they are indeed pulling off the biggest heist the world may ever have known. There is one person who at least is watching the house, as best as he can, and I am happy about that.
New York State's attorney general, Andrew Cuomo, this week issued a subpoena to Bank of America Corp , asking for details on how it allocates its bonuses, the Wall Street Journal said, citing a person familiar with the matter.
In a letter to BofA, Cuomo's office said the company had responded inadequately to its informal request for information on executive compensation, the paper said.
Two weeks ago Cuomo told BofA and eight other banks receiving government money under the Treasury's Troubled Asset Relief Program (TARP) that using the funds for bonus payments may be illegal under state law.
Ok, so maybe I did come up with a little something, but I am still very confused... Personally I would like to see EVERYONE STOP and wait 68 more days until the grownups can take charge, because right now, frankly, while people are calling this a bailout, the ship is still sinking.
And maybe in the end, that is the plan - to drown everything in a bathtub. I hope we still have time.
:peace: and
Raine
Comments:
Order comments Newest to Oldest Refresh Comments
Comment by 
BobR on 11/13/2008 13:36:45
BobR on 11/13/2008 13:36:45
Comment by 
Raine on 11/13/2008 13:39:15
Raine on 11/13/2008 13:39:15
:rofl: Pose for more photos wearing sunglasses so you look more badass than your SS detail! 
Priceless.
Priceless.
Comment by 
Random on 11/13/2008 13:40:16
Random on 11/13/2008 13:40:16
This is going to be Random's meme. just pop in and link to something funny he found.
Comment by 
Shane-O on 11/13/2008 13:41:00
Shane-O on 11/13/2008 13:41:00
Raine - great post. We (4-Fers) knew the bail out bill was crap. Now every corporation has their hand out - and they are changing their corporate structures just to get the "free" money.
Makes me sick.
Makes me sick.
Comment by Raine on 11/13/2008 13:43:26
Brutal. I am not ready to conceded Georgia to Chambliss.
Raine on 11/13/2008 13:43:26
Brutal. I am not ready to conceded Georgia to Chambliss.
Comment by 
wickedpam on 11/13/2008 14:07:17
wickedpam on 11/13/2008 14:07:17
Morning all :hug:
Comment by wickedpam on 11/13/2008 14:10:18
wickedpam on 11/13/2008 14:10:18
Oh. that's so not right
Comment by 
TriSec on 11/13/2008 14:10:31
TriSec on 11/13/2008 14:10:31
Morning, comrades!
Comment by wickedpam on 11/13/2008 14:10:50
wickedpam on 11/13/2008 14:10:50
dancable. 
Comment by 
Scoopster on 11/13/2008 14:13:24
Scoopster on 11/13/2008 14:13:24
Morning guys! :coffee2:
So yeah,, yesterday I got something I haven't had in about two years - a regular connection for teh greens.
It's gonna be a goooood weekend!
So yeah,, yesterday I got something I haven't had in about two years - a regular connection for teh greens.
It's gonna be a goooood weekend!
Comment by Raine on 11/13/2008 14:19:18
Raine on 11/13/2008 14:19:18
I am a little sick right now... :puke:
Comment by Raine on 11/13/2008 14:20:26
That picture reminds me I still have to find that face palm emoticon. Damn that bear is cute!
Raine on 11/13/2008 14:20:26
Quote by wickedpam:
Oh. that's so not right
Comment by wickedpam on 11/13/2008 14:20:30
wickedpam on 11/13/2008 14:20:30
you can crack the neck on a wine bottle pretty easy of you hit it just the right way
Comment by wickedpam on 11/13/2008 14:27:12
There was a lion facepalm that was cute too :D
wickedpam on 11/13/2008 14:27:12
Quote by Raine:That picture reminds me I still have to find that face palm emoticon. Damn that bear is cute!Quote by wickedpam:
Oh. that's so not right
There was a lion facepalm that was cute too :D
Comment by Raine on 11/13/2008 14:41:01
Raine on 11/13/2008 14:41:01
Shamless Chambliss:
Video and more at the link.
The Cleland ad was a myth he says..
Funny, it doesn't LOOK or SOUND like a myth.
COLMES: You came under fire of course for that ad against Max Cleland and people have talked about that ever since, the one where there was an image of Osama bin Laden. If you had it to do all over again would you still have run that ad?
CHAMBLISS: You know that ad is a myth, it just hangs around. If people had seen the ads that were run against me by my then opponent they would think that was a light-weight ad, but you know politics is a contact sport. It's a game in where you have to define your opponent and we're going to continue to work hard to address the issues that are important to Georgians. We did then and we're going to do it again.
COLMES: So you would have run it, that, knowing what you know now you would have done the same thing and run the same ad?
CHAMBLISS: Listen that ad was very fair and it pointed out defficiencies in the voting record of my opponent.
The Cleland ad was a myth he says..
Funny, it doesn't LOOK or SOUND like a myth.
Comment by wickedpam on 11/13/2008 14:43:52
wickedpam on 11/13/2008 14:43:52
Okay - I'm the queen of cliches but every time I hear miss Sarah talk I think there is a pretender to my crown.
Comment by BobR on 11/13/2008 14:45:02
First he says it was a myth, then he says he'll do it again, and then he says the ad wasn't so bad.
wow - I've heard of people talking out of both sides of their mouth, but apparently he's found a third side.
I cannot deal with him being my senator for another 6 years...
SIX YEARS!
BobR on 11/13/2008 14:45:02
Quote by Raine:
Shamless Chambliss:COLMES: You came under fire of course for that ad against Max Cleland and people have talked about that ever since, the one where there was an image of Osama bin Laden. If you had it to do all over again would you still have run that ad?
CHAMBLISS: You know that ad is a myth, it just hangs around. If people had seen the ads that were run against me by my then opponent they would think that was a light-weight ad, but you know politics is a contact sport. It's a game in where you have to define your opponent and we're going to continue to work hard to address the issues that are important to Georgians. We did then and we're going to do it again.
COLMES: So you would have run it, that, knowing what you know now you would have done the same thing and run the same ad?
CHAMBLISS: Listen that ad was very fair and it pointed out defficiencies in the voting record of my opponent.
Video and more at the link.
The Cleland ad was a myth he says..
Funny, it doesn't LOOK or SOUND like a myth.
First he says it was a myth, then he says he'll do it again, and then he says the ad wasn't so bad.
wow - I've heard of people talking out of both sides of their mouth, but apparently he's found a third side.
I cannot deal with him being my senator for another 6 years...
SIX YEARS!
Comment by Random on 11/13/2008 14:48:12
Random on 11/13/2008 14:48:12
Permission to kill Jen Chapin sir!
Comment by wickedpam on 11/13/2008 14:50:32
wickedpam on 11/13/2008 14:50:32
Denied.
but you can TP their house
but you can TP their house
Comment by Raine on 11/13/2008 14:51:06
youbetcha!
Raine on 11/13/2008 14:51:06
Quote by wickedpam:
Okay - I'm the queen of cliches but every time I hear miss Sarah talk I think there is a pretender to my crown.
Comment by wickedpam on 11/13/2008 14:51:56
wickedpam on 11/13/2008 14:51:56
hey doofus 16 months if over a year away.
Comment by Raine on 11/13/2008 14:52:24
Raine on 11/13/2008 14:52:24
All this does not matter if there is no status of Forces agreement with Iraq. If we don't have one by the end of the year, then we are in Iraq illegally and we will HAVE to leave.
Comment by BobR on 11/13/2008 14:54:33
Which will just complicate things further for Obama 20 days later...
BobR on 11/13/2008 14:54:33
Quote by Raine:
All this does not matter if there is no status of Forces agreement with Iraq. If we don't have one by the end of the year, then we are in Iraq illegally and we will HAVE to leave.
Which will just complicate things further for Obama 20 days later...
Comment by wickedpam on 11/13/2008 14:54:45
wickedpam on 11/13/2008 14:54:45
Ya know we had that for the first time here - you could either do all the votes ie Pres, sen, rep and so on or you could just do a limited vote the left something out but I can't remember what it was.
Comment by 
starling310 on 11/13/2008 14:55:11
starling310 on 11/13/2008 14:55:11
Today's "Too Cute" moment:
Comment by starling310 on 11/13/2008 14:55:52
starling310 on 11/13/2008 14:55:52
Yes, that is our President Elect playing in the water!
Comment by wickedpam on 11/13/2008 14:56:47
wickedpam on 11/13/2008 14:56:47
aawwww - cute 
Comment by TriSec on 11/13/2008 14:59:07
: pulls back curtain from map :
Gentlemen, our target today is Jen Chapin's house.
TriSec on 11/13/2008 14:59:07
Quote by Random:
Permission to kill Jen Chapin sir!
: pulls back curtain from map :
Gentlemen, our target today is Jen Chapin's house.
Comment by Raine on 11/13/2008 15:02:54
Raine on 11/13/2008 15:02:54
PE Obama was just the cutest kid! Wow... he makes my ovaries ache! :lol:
Comment by 
Will in Chicago on 11/13/2008 15:04:03
Will in Chicago on 11/13/2008 15:04:03
Good morning, bloggers!!! Excellent post, Raine!!!
Yes, we are once again seeing the modus operandi of the Bush administration -- when there is a crisis, they stand as resolute as over-cooked spaghetti noodles. If I was a professional investor, Paulson would make me want to buy stock in Tums.
Here is some GOOD NEWS from the Anchorage Daily News: Begich takes lead in latest vote count. The Democratic candidate in the Alaska Senate race is now up by 814 votes.
Also, there is a report that Tammy Duckworth may suceed Obama to the U.S. Senate:
Iraq vet possible Senate replacement for Obama.
By the way, I have the early edition of the Daily Headlines up at UNN.
Yes, we are once again seeing the modus operandi of the Bush administration -- when there is a crisis, they stand as resolute as over-cooked spaghetti noodles. If I was a professional investor, Paulson would make me want to buy stock in Tums.
Here is some GOOD NEWS from the Anchorage Daily News: Begich takes lead in latest vote count. The Democratic candidate in the Alaska Senate race is now up by 814 votes.
Also, there is a report that Tammy Duckworth may suceed Obama to the U.S. Senate:
Iraq vet possible Senate replacement for Obama.
By the way, I have the early edition of the Daily Headlines up at UNN.
Comment by wickedpam on 11/13/2008 15:10:50
wickedpam on 11/13/2008 15:10:50
I thought Knights in White Satin was about the klan?
Comment by Raine on 11/13/2008 15:16:02
Raine on 11/13/2008 15:16:02
Joe Biden is the bravest American, EVER.
Comment by wickedpam on 11/13/2008 15:18:19
wickedpam on 11/13/2008 15:18:19
just send in TAPS
Comment by Raine on 11/13/2008 15:18:47
Not according to WiKi:
Raine on 11/13/2008 15:18:47
Quote by wickedpam:
I thought Knights in White Satin was about the klan?
Band member Justin Hayward wrote the song at age nineteen, and titled the song after a friend gave him a gift of satin bedsheets. The song itself was a tale of a yearning love from afar, which leads many aficionados to term it as a tale of unrequited love endured by Hayward.
Comment by Raine on 11/13/2008 15:25:13
Raine on 11/13/2008 15:25:13
no link yet... but I just got this on my news feed:
PRESIDENT BUSH, IN PREPARED REMARKS OBTAINED BY SAYS FREE MARKET CAPITALISM IS "THE HIGHWAY TO THE AMERICAN DREAM"
:huh:
PRESIDENT BUSH, IN PREPARED REMARKS OBTAINED BY SAYS FREE MARKET CAPITALISM IS "THE HIGHWAY TO THE AMERICAN DREAM"
:huh:
Comment by 
velveeta jones on 11/13/2008 15:25:46
velveeta jones on 11/13/2008 15:25:46
Hello! I appear to be online........... for how long we don't know.
Day off today, and much lawn work planned, but now I sit by the fire and watch the cold rain fall.
Damn.
:kickcan:
Day off today, and much lawn work planned, but now I sit by the fire and watch the cold rain fall.
Damn.
:kickcan:
Comment by TriSec on 11/13/2008 15:26:49
TriSec on 11/13/2008 15:26:49
DUH!
I've got it; playing the same 6 commercials overandoverandoverandoverandover is just a ploy to get us to cough up for the COMMERCIAL FREE Stephcast, isn't it?
I've got it; playing the same 6 commercials overandoverandoverandoverandover is just a ploy to get us to cough up for the COMMERCIAL FREE Stephcast, isn't it?
Comment by Raine on 11/13/2008 15:27:26
Raine on 11/13/2008 15:27:26
she is so rambly. She NEVER finishes a sentence.
Comment by velveeta jones on 11/13/2008 15:27:51
velveeta jones on 11/13/2008 15:27:51
OH FER SHITS SAKE! SARAH F*CKING PALIN IS ON MY TV AND HAS SAID JOE THE PLUMBER 10 F*CKING TIMES!!!!!
SOMEONE SHOOT ME NOW!!!!
SOMEONE SHOOT ME NOW!!!!
Comment by Raine on 11/13/2008 15:29:41
Raine on 11/13/2008 15:29:41
:rofl: There as no applpause at the Joe the plumber line.
I just turned the TV on... her hair is a mess, she looks like she partied all night and woke up late for the speech.
I just turned the TV on... her hair is a mess, she looks like she partied all night and woke up late for the speech.
Comment by Random on 11/13/2008 15:30:25
Sir! I believe bombing Chapin to hell and back is too good for her, Sir!
Random on 11/13/2008 15:30:25
Quote by TriSec:Quote by Random:
Permission to kill Jen Chapin sir!
: pulls back curtain from map :
Gentlemen, our target today is Jen Chapin's house.
Sir! I believe bombing Chapin to hell and back is too good for her, Sir!
Comment by BobR on 11/13/2008 15:30:43
*WARNING!* Road construction ahead - expect significant delays...
BobR on 11/13/2008 15:30:43
Quote by Raine:
no link yet... but I just got this on my news feed:
PRESIDENT BUSH, IN PREPARED REMARKS OBTAINED BY SAYS FREE MARKET CAPITALISM IS "THE HIGHWAY TO THE AMERICAN DREAM"
:huh:
*WARNING!* Road construction ahead - expect significant delays...
Comment by Raine on 11/13/2008 15:30:46
Raine on 11/13/2008 15:30:46
Well, She is finally giving the concession speech that Grampy took away from her.
Comment by BobR on 11/13/2008 15:32:15
and Tito the builder...
and children in need....
and and and and... :bang2:
BobR on 11/13/2008 15:32:15
Quote by velveeta jones:
OH FER SHITS SAKE! SARAH F*CKING PALIN IS ON MY TV AND HAS SAID JOE THE PLUMBER 10 F*CKING TIMES!!!!!
SOMEONE SHOOT ME NOW!!!!
and Tito the builder...
and children in need....
and and and and... :bang2:
Comment by Raine on 11/13/2008 15:32:37
Raine on 11/13/2008 15:32:37
Breaking news:
A US cargo Plane has crashed in Iraq.
A US cargo Plane has crashed in Iraq.
Comment by Raine on 11/13/2008 15:34:00
I am telling y'all == this was the speech she wanted to give last week.
Raine on 11/13/2008 15:34:00
Quote by BobR:Quote by velveeta jones:
OH FER SHITS SAKE! SARAH F*CKING PALIN IS ON MY TV AND HAS SAID JOE THE PLUMBER 10 F*CKING TIMES!!!!!
SOMEONE SHOOT ME NOW!!!!
and Tito the builder...
and children in need....
and and and and... :bang2:
Comment by Raine on 11/13/2008 15:35:01
Raine on 11/13/2008 15:35:01
:rofl: Chris Rocks!!! 
Comment by velveeta jones on 11/13/2008 15:35:48
velveeta jones on 11/13/2008 15:35:48
She's still talking..............................
