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Mister, can you spare a billion?
Author: Raine    Date: 09/22/2008 12:31:17

So when is a bailout not a bailout? When the Bush Administration tells you it is. This "bailout" is truly one of the greatest scams ever. It includes no new regulations. Seriously... That amazingly is not the worst part.
The plan, which is still being hammered out with Congress, raises a number of red flags. First and foremost, unlike the process then, there’s no accompanying re-regulation of the financial services industry.

"We educated ourselves enough — we were able to build a competent structure,” says Donald Riegle, who chaired the Senate’s Banking Committee at the time. "We built a legislative package that worked quite well. FIRREA (Financial Institutions Reform, Recovery and Enforcement Act) included creation of a regulator as well as the RTC.”

Though history shows the S&L crisis was resolved successfully, there was considerable skepticism about the FIRREA law, the new regulator it created, the Office of Thrift Supervision, and the bailout entity, the Resolution Trust Corp., at the time of their creation.

It also wound up costing less than many expected.

In the current rescue plan, the absence of regulatory reform is no small matter, given the size of the problem and the complexity of investment instruments today.
The Saving and Loan Scandal, the one that John McCain helped create (at the very least) had new regulations put in place to prevent things like that from happening. However, it should be noted that since then. John MCCain has been a cheerleader for the current economic mess we have.
by 1999 Phil Gramm--who had entered the Senate only a couple of years after McCain and become friends with the Keating Five maverick--put forward the Gramm-Leach-Bliley Act. This act passed out of the Senate on a party-line vote with 100 percent Republican support, including that of John McCain. (To be fair, the bill eventually passed again with a wide margin following revisions in the House.)

This act repealed part of the Glass-Steagall Act. This may sound like a bunch of Congressperson soup, but the gist of it is that Glass-Steagall was put in place in 1933 to control the rampant speculation that had helped cause the collapse of banking at the outset of the Depression, and to prevent such consolidation of the banks that the nation had all its eggs in one fiscal basket.

Gramm-Leach-Bliley reversed those rules, allowing not only more bank mergers but for banks to become directly involved in the stock market, bonds and insurance. Remember the bit about how S&Ls failed because they didn't have the regulations that protected banks? After Gramm-Leach-Bliley, banks didn't have that protection either.

Gramm wasn't done. The next year he was back with the Commodity Futures Modernization Act, which was slipped into a "must pass" spending bill on the last day of the 106th Congress. This act greatly expanded the scope of futures trading, created new vehicles for speculation and sheltered several investments from regulation.

As with both Gramm-Leach-Bliley and Garn-St. Germain, large parts of this bill were written by industry lobbyists. This included the "Enron loophole" that exempted energy trading from regulation, and was written by (big surprise) Enron lobbyists working with Gramm. Not coincidentally, Senator Gramm, the second-largest recipient of campaign contributions from Enron, was also key to legislating the deregulation of California's energy commodity trading.
As BobR pointed out, succinctly, ...all these financial institutions were trading debt like it was an asset. However, a lot of the debt was "bad". The numbers are shocking and - to a point - terrifying. Banks bought way more debt than they could cover if the loans defaulted, and when the loans started to default they were screwed.

McCain supported the deregulation, and put the person responsible (Gramm) on his campaign as his economic adviser. As the writer states - either McCain supported this knowing how bad it would be, or supported it in ignorance. Which is worse?


When John McCain talks about regulation and Bush (via his Treasury Sectretary Paulson) talk about a bailout... they mean the exact opposite. This is not spin. This is, quite simply, a lie that is being fed to America. It is not a John McCain Flip Flop, but rather: this is a pure unadulterated lie he is telling people. This Bailout is set to cost 700 BILLION dollars. $700, 000,000,000.00 of TAXPAYER Dollars, debt that will - like the war in Iraq - be left to our children and grandchildren.

This bill has no protection to the American people that it will not happen again. There is no security to it at all. John McCain helped - ENCOURAGED - this to happen, Bush is not preventing this from happening again, and STILL - that is not the worst part. Lehman Bros Top Brass is set to get 2.5 BILLION dollars in Bonuses. Bear Stearns? Their CEO walked away with a 61 Million Dollar exit package. Merrill Lynch's top boys are walking away with 200 million. Some bailout, huh?

I haven't gotten to the worse scenario yet... John McCAin wants for HEALTHCARE what he gave the Banking industry.
"Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation."

It is time, NOW to make a choice. Draw a line in the sand and say no more to this neo-conservatism that has destroyed our economy. Too many people are watching their hard earned money disappear... Actually. it isn't disappearing, it is going right into the pockets of the very people that created situation. For them it isn't a problem. The only problem is how to make it look like they are fixing it, when they are not, and THAT is the worst part. It is the greatest scam I have ever seen.

Call your representatives today, and tell them NO to this bailout. Even Barack is drawing that line in the sand. His basic oppositions:
No Blank Check: Paulson doesn't get money without oversight or legal responsibility.
There Must Be Regulatory Changes: The practices that caused the crisis have to be ended at the same time.
Taxpayers Need More than Consideration: If a huge bailout is to occur, it has to be done in the way that costs taxpayers the least possible.
No Bailout For Foreign Banks From US Money: Instead, all countries should work together to help everyone.
Ordinary People Get Help Too: It can't just be a bailout for Paulson and Bush and McCain friends, it has to help ordinary Americans too.

Call your congress critter today.
:peace: and :heart:
Raine


 

212 comments (Latest Comment: 09/23/2008 05:45:11 by livingonli)
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Comment by starling310 on 09/22/2008 12:37:05
Fristy Pants!

Fristy Pants!

:banana:



Comment by Scoopster on 09/22/2008 12:37:51
Morning :hug:

Comment by wickedpam on 09/22/2008 12:41:14
Morning :hug:

Comment by Random on 09/22/2008 12:47:49
From the department of no sh*t Sherlock

Comment by Raine on 09/22/2008 12:50:53
Quote by Random:

From the department of no sh*t Sherlock




Comment by TriSec on 09/22/2008 12:52:33
Morning, Comrades!





Comment by Random on 09/22/2008 12:54:20
Quote by Raine:

Quote by Random:

From the department of no sh*t Sherlock




I want to complain!

Why doesn't my firefox browser display that audiocon, or most audiocons for that matter.

Comment by starling310 on 09/22/2008 12:55:19
Quote by Scoopster:

Morning :hug:




Hiya Scoop!



And, mala and raine.

Tri.

Random.



Good day.

Comment by starling310 on 09/22/2008 13:02:14
Gas lines in Atlanta? Are you freakin' kidding me?



Comment by TriSec on 09/22/2008 13:08:03
I'm going to make my own bumper sticker...







WHAT ABOUT ME?


PLEASE....VOTE FOR MY FUTURE!




http://i2.photobucket.com/albums/y5/TriSec/Uniform.jpg


Comment by wickedpam on 09/22/2008 13:08:46
Sponsered by the Cuteness for Obama

Comment by starling310 on 09/22/2008 13:09:08
OMG Tri...he is so cute!

Don't tell him I said cute. He's handsome. very handsome!

Comment by Grumpymann on 09/22/2008 13:10:00
Ok this new keyboard SUCKS!

Comment by Shane-O on 09/22/2008 13:10:29
This whole bailout sounds so familiar.



1. A crisis occurs as a direct result of Bush/Republican negligence;



2. The crisis (according to Boehner, yesterday) threatens the "American way of Life";



3. Bush asks for an unlimited amount of money and a vast expansion of executive power - with no checks; and



4. Claims that it will pay for itself (even though we can only estimate the cost and returns).



Trickle down made this mess -- and Bush's solution is trickle down.



Just about everyone in Congress said that their Iraq vote was the most important vote in their careers. This one will top it. And they can't just push it through without deliberation (see the FISA extension vote last August).

Comment by starling310 on 09/22/2008 13:12:20
If one of the Fundamentals of America is the Constitution, Lars Larson would still be incorrect. The Constitution is no longer strong either. ( tragically )

Comment by Grumpymann on 09/22/2008 13:12:52
Quote by Shane-O:

This whole bailout sounds so familiar.



1. A crisis occurs as a direct result of Bush/Republican negligence;



2. The crisis (according to Boehner, yesterday) threatens the "American way of Life";



3. Bush asks for an unlimited amount of money and a vast expansion of executive power - with no checks; and



4. Claims that it will pay for itself (even though we can only estimate the cost and returns).



Trickle down made this mess -- and Bush's solution is trickle down.



Just about everyone in Congress said that their Iraq vote was the most important vote in their careers. This one will top it. And they can't just push it through without deliberation (see the FISA extension vote last August).


Read Shock Doctrine have you?

Comment by TriSec on 09/22/2008 13:17:03
*snork*



See now, Mrs. TriSec holds a Master's in Criminal Science...we've always watched prison documentaries. I find them rather interesting, actually.



But, I digress.





Comment by Shane-O on 09/22/2008 13:17:31
Quote by Grumpymann:

Quote by Shane-O:

This whole bailout sounds so familiar.



1. A crisis occurs as a direct result of Bush/Republican negligence;



2. The crisis (according to Boehner, yesterday) threatens the "American way of Life";



3. Bush asks for an unlimited amount of money and a vast expansion of executive power - with no checks; and



4. Claims that it will pay for itself (even though we can only estimate the cost and returns).



Trickle down made this mess -- and Bush's solution is trickle down.



Just about everyone in Congress said that their Iraq vote was the most important vote in their careers. This one will top it. And they can't just push it through without deliberation (see the FISA extension vote last August).


Read Shock Doctrine have you?
Actually - no - but I need to!



Comment by TriSec on 09/22/2008 13:18:38
Say now, Palin is indeed "Thatcher-esque" in that they are both air-breathing mammals.





Comment by wickedpam on 09/22/2008 13:20:24
Quote by Shane-O:

Quote by Grumpymann:

Quote by Shane-O:

This whole bailout sounds so familiar.



1. A crisis occurs as a direct result of Bush/Republican negligence;



2. The crisis (according to Boehner, yesterday) threatens the "American way of Life";



3. Bush asks for an unlimited amount of money and a vast expansion of executive power - with no checks; and



4. Claims that it will pay for itself (even though we can only estimate the cost and returns).



Trickle down made this mess -- and Bush's solution is trickle down.



Just about everyone in Congress said that their Iraq vote was the most important vote in their careers. This one will top it. And they can't just push it through without deliberation (see the FISA extension vote last August).


Read Shock Doctrine have you?
Actually - no - but I need to!







weird segway - I noticed the Shock Doctrine on sale at Costco a couple of weeks ago.



Comment by Scoopster on 09/22/2008 13:20:27
Quote by Random:

Quote by Raine:

Quote by Random:

From the department of no sh*t Sherlock




I want to complain!

Why doesn't my firefox browser display that audiocon, or most audiocons for that matter.


You need to install the Quicktime plugin for them to work.

Comment by velveeta jones on 09/22/2008 13:20:57
Morning everybody! Worked late. Work sucks ass.........why can't I be as rich and powerful and evil as gwbush?



:kickcan:

Comment by Scoopster on 09/22/2008 13:21:31
Did anyone else happen to see this week's episode of Real Time with Bill Maher? Fantastic stuff! Andrew Sullivan was on fire, and I'm not really a big fan of his (well that might change now)..

Comment by Raine on 09/22/2008 13:21:59
Comment by m-hadley on 09/22/2008 13:24:08
Mornin' Kids,

How's everybody doing this Mondee morning? Scrolls down through the blog, stops, does a double take - who is this adorable young man, saluting the country? Is he your son TriSec? You must be one very proud papa :D

Cheers,

mfaye

:hug: & :dance:

Comment by Raine on 09/22/2008 13:24:39
Quote by starling310:

Gas lines in Atlanta? Are you freakin' kidding me?

There are a fair amount of stations with no gas...



Comment by TriSec on 09/22/2008 13:25:28
In case you missed it last night....The Miracle of the Radio, or "Why TriSec is single-handedly responsible for the Red Sox winning in 2004"



Comment by Raine on 09/22/2008 13:27:19
Quote by Shane-O:

This whole bailout sounds so familiar.



1. A crisis occurs as a direct result of Bush/Republican negligence;



2. The crisis (according to Boehner, yesterday) threatens the "American way of Life";



3. Bush asks for an unlimited amount of money and a vast expansion of executive power - with no checks; and



4. Claims that it will pay for itself (even though we can only estimate the cost and returns).



Trickle down made this mess -- and Bush's solution is trickle down.



Just about everyone in Congress said that their Iraq vote was the most important vote in their careers. This one will top it. And they can't just push it through without deliberation (see the FISA extension vote last August).
My new fave quote is now this, From Einstein

"No problem can be solved from the same level of consciousness that created it."




Comment by TriSec on 09/22/2008 13:28:44
Caramel Apples are "fungible".



They're fun and edible, so....





Comment by BobR on 09/22/2008 13:28:47
Quote by velveeta jones:

Morning everybody! Worked late. Work sucks ass.........why can't I be as rich and powerful and evil as gwbush?



:kickcan:


It could happen (except the evil part) - your blog post from yesterday has gone viral - it's got 42 Diggs as of right now! :clap:

Comment by BobR on 09/22/2008 13:30:02
Quote by TriSec:

Caramel Apples are "fungible".



They're fun and edible, so....





There is no way she came up with that on her own. Someone fed her that so she could sound "intelligent".

Comment by wickedpam on 09/22/2008 13:31:27
Quote by TriSec:

Caramel Apples are "fungible".



They're fun and edible, so....







I thought it had something to do with mushrooms.



Comment by BobR on 09/22/2008 13:34:07
I reported this on the board, but go here and note the last name on the list of >$50K donors.





FYI - the Reform Institute is one of John McCain's babies...

Comment by BobR on 09/22/2008 13:35:16
Quote by wickedpam:





I thought it had something to do with mushrooms.



deep-fried mushrooms...







.... with chocolate sauce.



Comment by starling310 on 09/22/2008 13:37:19
Quote by Raine:

Quote by starling310:

Gas lines in Atlanta? Are you freakin' kidding me?

There are a fair amount of stations with no gas...







:thud:

Comment by wickedpam on 09/22/2008 13:38:50
Quote by BobR:

Quote by wickedpam:





I thought it had something to do with mushrooms.



deep-fried mushrooms...







.... with chocolate sauce.







ick! :p



Comment by TriSec on 09/22/2008 13:40:47
*non-sequitir*



A skonk went off under my bedroom window at about 3am....the stench woke me up, and it was so strong I went hunting to make sure it wasn't a gas leak. (We also have the main inbound gas line under the same window.)



Anyway, I only catnapped until the alarm went off. But the stink produced some bizarre dreams, including one where I almost took out the President while I was rollerskating down a hill...(don't ask).



Your Loyal TriSec, ever proper, asked him after the near-miss, "Mr. President, are you allright?" He only gave me that goofy grin and shook my hand.



Then I woke up again.

Comment by m-hadley on 09/22/2008 13:51:34
Lucky Rebekah :P

who needs Reverend Dan?

Cheers,

mfaye

Comment by BobR on 09/22/2008 13:53:03
Quote by TriSec:

*non-sequitir*



A skonk went off under my bedroom window at about 3am....the stench woke me up, and it was so strong I went hunting to make sure it wasn't a gas leak. (We also have the main inbound gas line under the same window.)



Anyway, I only catnapped until the alarm went off. But the stink produced some bizarre dreams, including one where I almost took out the President while I was rollerskating down a hill...(don't ask).



Your Loyal TriSec, ever proper, asked him after the near-miss, "Mr. President, are you allright?" He only gave me that goofy grin and shook my hand.



Then I woke up again.


:rofl:

Comment by wickedpam on 09/22/2008 13:53:45
Faye! Got my sticker Sat and now it's proudly stuck to my car :D

Comment by Scoopster on 09/22/2008 13:53:47
Quote by BobR:

Quote by wickedpam:





I thought it had something to do with mushrooms.



deep-fried mushrooms...







.... with chocolate sauce.


As long as they weren't the trippy kind of mushrooms..

Comment by starling310 on 09/22/2008 13:56:50
Oh Momma...citing Nobel Peace Prize winners.



Isn't that code for Uppity Elitists??? :wacko:

Comment by velveeta jones on 09/22/2008 13:56:52
So, Johnny wants to talk about POW's does he?



Lets go!

Comment by velveeta jones on 09/22/2008 13:59:32
Quote by BobR:

Quote by velveeta jones:

Morning everybody! Worked late. Work sucks ass.........why can't I be as rich and powerful and evil as gwbush?



:kickcan:


It could happen (except the evil part) - your blog post from yesterday has gone viral - it's got 42 Diggs as of right now! :clap:


I'm poopular! :D





Comment by TriSec on 09/22/2008 13:59:54
Saw this on the Discovery Channel over the weekend....talk about a bridge to nowhere....





Comment by starling310 on 09/22/2008 14:01:51
Laptops make really good blankets.





Comment by TriSec on 09/22/2008 14:01:54
Quote by Scoopster:



As long as they weren't the trippy kind of mushrooms..






http://upload.wikimedia.org/wikipedia/en/thumb/8/8a/Pcubmazatapec.jpg/300px-Pcubmazatapec.jpg


Comment by starling310 on 09/22/2008 14:03:19
I wonder if Barack Obama sits and listens to Sara's criticisms of him and just thinks "Is this b*tch kiddin' me? Seriously?"





Comment by starling310 on 09/22/2008 14:03:45
Quote by TriSec:

Quote by Scoopster:



As long as they weren't the trippy kind of mushrooms..






http://upload.wikimedia.org/wikipedia/en/thumb/8/8a/Pcubmazatapec.jpg/300px-Pcubmazatapec.jpg




:drool:

Comment by wickedpam on 09/22/2008 14:06:09
Quote by starling310:

Quote by TriSec:

Quote by Scoopster:



As long as they weren't the trippy kind of mushrooms..






http://upload.wikimedia.org/wikipedia/en/thumb/8/8a/Pcubmazatapec.jpg/300px-Pcubmazatapec.jpg




:drool:






fungus eater





;)



Comment by livingonli on 09/22/2008 14:07:24
Good morning everyone.



I really need to stop checking Facebook at 3 AM.

Comment by wickedpam on 09/22/2008 14:08:36
is there anyone on at 3AM Liv?

Comment by velveeta jones on 09/22/2008 14:10:06
Wa are.............outta GAS! Happened last night. Though I suspect they'll haul some up the hill sometime this week.

Comment by livingonli on 09/22/2008 14:11:02
Quote by wickedpam:

is there anyone on at 3AM Liv?


Usually not.

Comment by TriSec on 09/22/2008 14:12:33
700 billion just doesn't prop up the economy much anymore...



11,266.26 -122.18 / -1.07%





Comment by starling310 on 09/22/2008 14:12:37
YAY MOMMA!!! Way to keep talking over the "Stephanie! Stephanie!Stephanie!"

Comment by livingonli on 09/22/2008 14:12:44
Between the letter writer and this guy, they are proof of how bad the education policies of right-wingers are. And to think, Jesse Helms used to be proud of being ignorant and narrow-minded.

Comment by starling310 on 09/22/2008 14:13:22
Quote by TriSec:

700 billion just doesn't prop up the economy much anymore...



11,266.26 -122.18 / -1.07%







They don't make Bailouts like they used to. :headshake:

Comment by livingonli on 09/22/2008 14:17:24
Quote by starling310:

Quote by TriSec:

700 billion just doesn't prop up the economy much anymore...



11,266.26 -122.18 / -1.07%







They don't make Bailouts like they used to. :headshake:


We are seriously screwed.

Comment by Mondobubba on 09/22/2008 14:23:18
Morning all. Nice to see everyone. I will be back in a few minutes.

Comment by wickedpam on 09/22/2008 14:25:33
Comment by Raine on 09/22/2008 14:25:59
Quote by velveeta jones:

Wa are.............outta GAS! Happened last night. Though I suspect they'll haul some up the hill sometime this week.


This is a very disconcerting trend....

Comment by Raine on 09/22/2008 14:27:04
:banana: September:prince:

Comment by wickedpam on 09/22/2008 14:27:19


Comment by Scoopster on 09/22/2008 14:31:28
Oh my... Florida strikes again!



http://gusnyc.com/blog/wp-content/uploads/2008/09/old_lady.jpg


Comment by TriSec on 09/22/2008 14:32:11
Quote by wickedpam:

65 MPG Car Not for Sale in US




*grunt*



Subaru was not my first choice the last time we were car-shopping. I had my heart set on a VW Jetta TDI wagon....until I discovered that you can't buy one in this Commonwealth because of the environmental laws.



(There's a loophole, but it involves buying one from a third party in another state.)





I remember a few years back (post-Katrina, I think) when diesel was still cheaper than premium unleaded...then all of a sudden, there was some new interest in diesel cars, and the price spiked. I don't think that was a coincidence.

Comment by Raine on 09/22/2008 14:32:35
Ha. I am listening to the news about Gas prices dropping... and all I can think is Sure they are dropping. Gas is REALLY cheap when you can't get it.







Comment by Raine on 09/22/2008 14:35:14
Quote by Scoopster:

Oh my... Florida strikes again!



http://gusnyc.com/blog/wp-content/uploads/2008/09/old_lady.jpg




That is a nearly perfect story.



Comment by Scoopster on 09/22/2008 14:36:51
Heh here's another one:



http://img140.imageshack.us/img140/2316/divertyourcoursegi2.jpg


Comment by Raine on 09/22/2008 14:38:23


Looky looky where ELSE Rick Davis was...




Apparently, AIG was so troubled over the issue of corrupt fundraising activities that they loaded in as one of the top VIP donors in McCain's nonprofit think-tank, whose website lists AIG in the "over $50,000" donor category--although exactly how much over that $50,000 is still unclear. Nor is it clear why AIG had any business donating so much money to a think tank whose work in no way overlapped with the insurance company's--unless, of course, that money was just meant to gain access to McCain.



The Reform Institute" has taken a lot of heat as a front organization designed to funnel money to McCain's political career. As Ari Berman wrote, McCain's campaign co-chair, Rick Davis, served as the president of the nonprofit Reform Institute for three years, earning $395,000 in salary. Davis also headquartered his lobbying firm, Davis Manafort, in the Reform Institute's offices at that time. He is just one of several McCain people who passed through the Reform Institute's revolving door while McCain prepared for the 2008 campaign. McCain formally stepped down from his own institute in 2005, but he remains deeply linked to the Reform Institute to this day.



Comment by livingonli on 09/22/2008 14:42:51
Comment by BobR on 09/22/2008 14:44:22
Quote by TriSec:



*grunt*



Subaru was not my first choice the last time we were car-shopping. I had my heart set on a VW Jetta TDI wagon....until I discovered that you can't buy one in this Commonwealth because of the environmental laws.



(There's a loophole, but it involves buying one from a third party in another state.)





I remember a few years back (post-Katrina, I think) when diesel was still cheaper than premium unleaded...then all of a sudden, there was some new interest in diesel cars, and the price spiked. I don't think that was a coincidence.


The other thing with diesel cars is that they can be converted to biodiesel.

Comment by livingonli on 09/22/2008 14:59:27
I'm going to look for Republicans under my bed.

Comment by velveeta jones on 09/22/2008 15:02:01
TV update. Auntie has informed me that FYI, Bill Clinton will be on the View this morning.

Comment by Raine on 09/22/2008 15:05:17
Quote by velveeta jones:

TV update. Auntie has informed me that FYI, Bill Clinton will be on the View this morning.


Oh that should be interesting.



I heard that he is supposed to be on Letterman tonite...

Comment by velveeta jones on 09/22/2008 15:07:49
I gotta run ya'll. Need to go make copies of all my paperwork for my pet settlement lawsuit.



:(

Comment by livingonli on 09/22/2008 15:09:12
Quote by velveeta jones:

I gotta run ya'll. Need to go make copies of all my paperwork for my pet settlement lawsuit.



:(


:hug:

Comment by livingonli on 09/22/2008 15:11:50
It looks like the only thing left in the debate for right-wingers is to just shout everyone down.

Comment by BobR on 09/22/2008 15:16:20
Quote by livingonli:

It looks like the only thing left in the debate for right-wingers is to just shout everyone down.


They've had a lot of practice. It's the one thing they do better than lefties...

Comment by wickedpam on 09/22/2008 15:16:44
Quote by Raine:

Quote by velveeta jones:

TV update. Auntie has informed me that FYI, Bill Clinton will be on the View this morning.


Oh that should be interesting.



I heard that he is supposed to be on Letterman tonite...






I'm sure Elisabitch will have the usually sour look on her face even more puckered



Comment by livingonli on 09/22/2008 15:20:07
Quote by wickedpam:

Quote by Raine:

Quote by velveeta jones:

TV update. Auntie has informed me that FYI, Bill Clinton will be on the View this morning.


Oh that should be interesting.



I heard that he is supposed to be on Letterman tonite...






I'm sure Elisabitch will have the usually sour look on her face even more puckered



It's the sound of her brain desperately trying to work to have an idea that isn't a Republican talking point.

Comment by wickedpam on 09/22/2008 15:21:57
learned something new about Momma Mala last night while watching the Emmy's. She loved and thought the Smother's Brothers Comedy Hour was hysterical.

Comment by livingonli on 09/22/2008 15:28:07
Quote by wickedpam:

learned something new about Momma Mala last night while watching the Emmy's. She loved and thought the Smother's Brothers Comedy Hour was hysterical.




I just wanted to roll in the mud and be a hippie.

Comment by Mondobubba on 09/22/2008 15:29:49
Quote by wickedpam:

learned something new about Momma Mala last night while watching the Emmy's. She loved and thought the Smother's Brothers Comedy Hour was hysterical.






Well that's because it was! Hilarity! Office Judy! Did I ever mention how Mrs Mondo got to tell Tom Smothers where the NPR men's room was?

Comment by wickedpam on 09/22/2008 15:32:53
ARGH! stupid new system! Give me my reports!!!!!!!

Comment by livingonli on 09/22/2008 15:33:09
I wonder if anyone thought of getting those Smothers Brothers as well as the old Johnny Cash TV show out on DVD? I guess the music rights might get complicated for the performances.

Comment by wickedpam on 09/22/2008 15:34:21
Think they need to do a movie about the Smothers brothers during that time.

Comment by Raine on 09/22/2008 15:36:36
Momma -- didn't your psychic say that Chuck Hagel was going to be the VP pick???

Comment by TriSec on 09/22/2008 15:37:09
OK, now Jim is making me nervous.



Lake Memphramagog (look it up). That's my escape route.



Comment by Scoopster on 09/22/2008 15:38:29
Quote by livingonli:

Quote by wickedpam:

Quote by Raine:

Quote by velveeta jones:

TV update. Auntie has informed me that FYI, Bill Clinton will be on the View this morning.


Oh that should be interesting.



I heard that he is supposed to be on Letterman tonite...






I'm sure Elisabitch will have the usually sour look on her face even more puckered



It's the sound of her brain desperately trying to work to have an idea that isn't a Republican talking point.


It'd be more attractive if she were making that face because she just farted.

Comment by TriSec on 09/22/2008 15:40:01
http://electoral-vote.com/evp2008/Pres/ec_graph-2008-all.png




Obama 273 McCain 265

Comment by Mondobubba on 09/22/2008 15:41:03
Margaret Thatcher took voice lessons so she could sound more upper class. Her father was green grocer. I don't think Frank Luntz knows what the hell he is talking about.

Comment by Raine on 09/22/2008 15:41:35


Comment by Mondobubba on 09/22/2008 15:48:17
Quote by Raine:







Now that is some serious audio crack!

Comment by Shane-O on 09/22/2008 15:51:01
This is BETTER.





Comment by Mondobubba on 09/22/2008 15:51:14
Ear-ran, Barbie, not Eye-ran.

Comment by Raine on 09/22/2008 15:52:10
GAH! IT is NOT I-RAIN-ian!!!



Pronounce it correctly, Sarah, you stupid twit with a uterous that still releases eggs every month.

Comment by Raine on 09/22/2008 15:53:02
Mondo, dahlink. I do believe we had a blog mind meld.

Comment by Raine on 09/22/2008 15:55:26
Quote by Shane-O:

This is BETTER.



A -F*ckin-men.



Comment by livingonli on 09/22/2008 15:57:22
Behold the power of the blog.

Comment by Mondobubba on 09/22/2008 15:57:31
Quote by Raine:

Mondo, dahlink. I do believe we had a blog mind meld.




We did, but you had much better and weirder invective. :rofl:

Comment by Raine on 09/22/2008 15:57:46
Quote by Raine:

GAH! IT is NOT I-RAIN-ian!!!



Pronounce it correctly, Sarah, you stupid twit with a uterous that still releases eggs every month.


And before anyone corrects me, I know the the Uterous doesn't actually release the eggs. I was venting people!!!







Comment by Mondobubba on 09/22/2008 15:59:32
Quote by Raine:

Quote by Raine:

GAH! IT is NOT I-RAIN-ian!!!



Pronounce it correctly, Sarah, you stupid twit with a uterous that still releases eggs every month.


And before anyone corrects me, I know the the Uterous doesn't actually release the eggs. I was venting people!!!









I always thought it was a uterus, but what do I know, I don't have one. :rofl:

Comment by Raine on 09/22/2008 16:02:54
Damn you Mondo!!!



Whatevah!!!

Comment by livingonli on 09/22/2008 16:04:47
Sarah Palin is supposed to meet with the Presidents of Afghanistan and Pakistan today while she is in NYC. Oh, to be a fly on the wall in those conservations.

Comment by Mondobubba on 09/22/2008 16:06:25
Quote by Raine:

Damn you Mondo!!!



Whatevah!!!






Girlfriend, you are in a mood today aren't you?

Comment by Raine on 09/22/2008 16:08:02
I need my super smart hat for Thom today... Thom, teach me.

Comment by TriSec on 09/22/2008 16:08:45
Would it be asking too much to have leaders that know how to pronounce things?





Comment by wickedpam on 09/22/2008 16:10:05
Quote by livingonli:

Sarah Palin is supposed to meet with the Presidents of Afghanistan and Pakistan today while she is in NYC. Oh, to be a fly on the wall in those conservations.




Presies of Afghanistan & Pakistan: So, umm, so, you gonna watch the season premier of Desprate Housewives?



Barbie: Oh ya you bet, love that Edie she's great!



Comment by livingonli on 09/22/2008 16:11:08
Isn't John Fund, the Wall Street Journal hack who beat up his wife and possibly his mistress as well?

Comment by Raine on 09/22/2008 16:12:13
Quote by Mondobubba:

Quote by Raine:

Damn you Mondo!!!



Whatevah!!!






Girlfriend, you are in a mood today aren't you?
I am. between McCain ad Palin I swear, I feel like I am losing my everlovin' mind.



I may not be able to spell, but I try to pronounce things correctly... and when I am told that I am saying something wrong, I work on it.



The other thing -- I am not running as the Vice leader of the free (I say this loosely) of the free world. I am but a silly little inconsequential person...



Comment by Raine on 09/22/2008 16:14:32
Quote by wickedpam:

Quote by livingonli:

Sarah Palin is supposed to meet with the Presidents of Afghanistan and Pakistan today while she is in NYC. Oh, to be a fly on the wall in those conservations.




Presies of Afghanistan & Pakistan: So, umm, so, you gonna watch the season premier of Desprate Housewives?



Barbie: Oh ya you bet, love that Edie she's great!

:clap: When art becomes reality.

Perfect, Mala.



John Fund is currently strawmanning AND red Herring Thom... kick his ass Thom!

Comment by Mondobubba on 09/22/2008 16:14:38
Quote by livingonli:

Isn't John Fund, the Wall Street Journal hack who beat up his wife and possibly his mistress as well?




Why I think you are right. I highly recommend the "Real Time" from the 12th. Salam Rushdie, Maher, and Jeanne Garafalo beat Fund like he was rented mule. It was bee-you-tee-ful!

Comment by Raine on 09/22/2008 16:15:31
Did he just say that Voting Machines are there to help the poor the handicapped and the elderly?



HOLY CRAP!!!!

Comment by livingonli on 09/22/2008 16:22:31
Quote by Mondobubba:

Quote by livingonli:

Isn't John Fund, the Wall Street Journal hack who beat up his wife and possibly his mistress as well?




Why I think you are right. I highly recommend the "Real Time" from the 12th. Salam Rushdie, Maher, and Jeanne Garafalo beat Fund like he was rented mule. It was bee-you-tee-ful!


I missed it. I will have to check it out on the On Demand machine.

Comment by Raine on 09/22/2008 16:24:08
Thank you Thom... it is indeed ELECTION fraud... NOT NOT NOT voter fraud.

Comment by Raine on 09/22/2008 16:25:17
We can do 15 Million voters. WE CAN!



YES WE CAN!

Comment by wickedpam on 09/22/2008 16:26:43
Quote by Raine:

Did he just say that Voting Machines are there to help the poor the handicapped and the elderly?



HOLY CRAP!!!!




didn't know a pencil, pen or switch discriminated againg people



Comment by Raine on 09/22/2008 16:39:37
Damn... Thom... Thank you for clearing this stuff up.

Comment by livingonli on 09/22/2008 16:40:14
Quote by wickedpam:

Quote by Raine:

Did he just say that Voting Machines are there to help the poor the handicapped and the elderly?



HOLY CRAP!!!!




didn't know a pencil, pen or switch discriminated againg people



Because the Republicans can't use them to flip votes or simply make money off them.

Comment by Raine on 09/22/2008 16:41:20
Quote by wickedpam:

Quote by Raine:

Did he just say that Voting Machines are there to help the poor the handicapped and the elderly?



HOLY CRAP!!!!




didn't know a pencil, pen or switch discriminated against people

Thank you!





I swear, Voting Machines were a solution in search of a problem.



And boy oh boy, they created a problem.



Comment by livingonli on 09/22/2008 16:43:26
One of my public access channels is playing music from The Clash over the community bulletin board.

Comment by Raine on 09/22/2008 16:43:53
I just placed a call to Fulton County Dems and said that I would like to Volunteer as a poll watcher.





Comment by Raine on 09/22/2008 17:06:01
Aunt Azalea?





Are you around? the early reviews for Bill are out, and I am not pleased with them... did you watch??? Did he REALLY say he liked BOTH candidates? Did he REALLY say he liked Sarah?

Comment by Scoopster on 09/22/2008 17:08:10
Looks like Chris Dodd's pushing an alternative plan to Hank Paulson's Unitary Execution bailout.. one which won't give unrestricted control to the Executive Branch.



Also looks like Nancy Pelosi's on his side as well.

Comment by Raine on 09/22/2008 17:11:53
Quote by Raine:

Aunt Azalea?





Are you around? the early reviews for Bill are out, and I am not pleased with them... did you watch??? Did he REALLY say he liked BOTH candidates? Did he REALLY say he liked Sarah?


Did he REALLY say Hillary won the popular vote again?





I need a little help here. I chose to not watch this because I was a fraid I would jump out of my skin... And I am reading around the innertubes that I may have made a wise choice.







========





Oh... and for those that were listening to Thom... A message to Donny: 2+2 has ALWAYS = FOUR.



Comment by TriSec on 09/22/2008 17:13:23
Quote by Raine:

I just placed a call to Fulton County Dems and said that I would like to Volunteer as a poll watcher.







Well, I hope you get in. I tried the last two elections in the city of Waltham...there's a waiting list here. (but that's a good thing...people are paying attention!)







Comment by Raine on 09/22/2008 17:14:40
How do we do that Ronny? Listen to Barack Obama! Listen to THom!



Stop shilling for the right and start listening to the Dems!





Comment by Raine on 09/22/2008 17:16:59
Quote by Scoopster:

Looks like Chris Dodd's pushing an alternative plan to Hank Paulson's Unitary Execution bailout.. one which won't give unrestricted control to the Executive Branch.



Also looks like Nancy Pelosi's on his side as well.
I have been watching this story.



I really hope they listen to REALITY.



This problem requires more than a panicky knee jerk solution. I have sent off my emails to my senators, and my representative. I have also sent of those letters to my formers in NY.



Comment by Raine on 09/22/2008 17:18:24
I think that Thom is going to convert Ronni.





I am serious --- even tho I spelled her name wrong before.

Comment by wickedpam on 09/22/2008 17:18:46
Quote by Raine:

How do we do that Ronny? Listen to Barack Obama! Listen to THom!



Stop shilling for the right and start listening to the Dems!







jeez - she sounded greedy -



"I want, I want, I want, I want" :rolleyes:



Comment by Raine on 09/22/2008 17:23:07
Quote by wickedpam:

Quote by Raine:

How do we do that Ronny? Listen to Barack Obama! Listen to THom!



Stop shilling for the right and start listening to the Dems!







jeez - she sounded greedy -



"I want, I want, I want, I want" :rolleyes:

Ronni: "I want tax CREDITS."



NEVER forget that a tax CREDIT is exactly that. CREDIT... as it you can have it now and pay for it later.



And that is the VERY problem we have NOW in America. LATER is NOW. ... The "man" is at the door and he wants payment.



Comment by Raine on 09/22/2008 17:26:26
It would be nice to make things and grow things again in America.

Comment by livingonli on 09/22/2008 17:29:40
Quote by Raine:

It would be nice to make things and grow things again in America.


Make companies pay through the nose if they outsource so that they can't rely on cheap Chinese Labor.

Comment by Raine on 09/22/2008 17:32:36
Quote by livingonli:

Quote by Raine:

It would be nice to make things and grow things again in America.


Make companies pay through the nose if they outsource so that they can't rely on cheap Chinese Labor.


We can't have that... we can't regulate the *Free* market.



:sarcasm:

Comment by TriSec on 09/22/2008 17:34:05
Well, that's what tariffs and duty is for. But we can't have that in the post-NAFTA, free trade era.



Whatever it is that's made overseas, there should be fees in place that make it cost $1 less to make it in the USA. It's that simple; hit the companies where it matters most, profit.





Comment by livingonli on 09/22/2008 17:44:05
We do need a living wage. I wonder what the living wage would be for New York if it was adjusted to reflect the cost of living.

Comment by Raine on 09/22/2008 17:48:40


Comment by TriSec on 09/22/2008 18:06:02
Say, that reminds me. There's a new McCain Ad making the rounds...some kind of ominous shadow of the Capitol overtaking everything, while an ominous voice-over goes on about raising taxes.



And that ginormous bailout isn't going to overwhelm average Americans?





Comment by livingonli on 09/22/2008 18:13:08
Oil is back up to almost $120 a barrel.

Comment by trojanrabbit on 09/22/2008 18:20:18
Quote by wickedpam:

is there anyone on at 3AM Liv?




If you see me "on" it's either because



1. I fell asleep and the 'puter is still on

2. I woke up early and couldn't go back to sleep.



Mostly 1.



Comment by m-hadley on 09/22/2008 18:57:59
Mala,

Did you get the stickers? They should have arrived by now... Let me know :P

Cheers,

mfaye

:hug: & :gobama:

Comment by Scoopster on 09/22/2008 19:00:29
Full text of Dodd's changes to Paulson's economic proposals



It's a rough draft of a bill, so it's no picnic reading it. But the key parts that I can see are:



- a five-member oversight board made up of the heads of the FDIC, SEC, a non-government experts appointed by each party's leadership in Congress, and the Fed Chairman.

- monthly reports to Congress

- 20% of sales of troubled assets will be split 65/35 between the Housing Trust Fund and Capital Magnet Fund. The remaining 80% will be used to pay down the federal debt. (THIS IS EXCELLENT RIGHT HERE)

- Maximum buyout of troubled assets at any one time cannot exceed $700bil

- Any mortgage-backed security that is overtaken by the government in this manner would allow the consumer (whoever took the mortgage out in the first place) to become eligible for assistance with and/or modification of the terms of their mortgage including interest rate reduction, principal reduction etc. (EXCELLENT!!)

- a sunset provision on 12/31/09, unless authorized by Congress for extension. Actions already taken would be seen through to resolution.

- An increase in the debt ceiling to $11.315 TRILLION.

- Companies that are possible targets for assistance under this program must comply with executive pay restrictions.

- A special inspector general would be appointed to oversee and manage all troubled assets.

Comment by Raine on 09/22/2008 19:07:00
My sister's water has BROKE!!!



:party:

Comment by trojanrabbit on 09/22/2008 19:13:25
Quote by Raine:

My sister's water has BROKE!!!



:party:








Comment by Raine on 09/22/2008 19:24:02
Oh dear... whatever will the Fundies do? Will sarah Pray the Gay away?



Clickety Click. This is a GOOOOd one.

Comment by Raine on 09/22/2008 19:33:20
Quote by Scoopster:

Full text of Dodd's changes to Paulson's economic proposals



It's a rough draft of a bill, so it's no picnic reading it. But the key parts that I can see are:



- a five-member oversight board made up of the heads of the FDIC, SEC, a non-government experts appointed by each party's leadership in Congress, and the Fed Chairman.

- monthly reports to Congress

- 20% of sales of troubled assets will be split 65/35 between the Housing Trust Fund and Capital Magnet Fund. The remaining 80% will be used to pay down the federal debt. (THIS IS EXCELLENT RIGHT HERE)

- Maximum buyout of troubled assets at any one time cannot exceed $700bil

- Any mortgage-backed security that is overtaken by the government in this manner would allow the consumer (whoever took the mortgage out in the first place) to become eligible for assistance with and/or modification of the terms of their mortgage including interest rate reduction, principal reduction etc. (EXCELLENT!!)

- a sunset provision on 12/31/09, unless authorized by Congress for extension. Actions already taken would be seen through to resolution.

- An increase in the debt ceiling to $11.315 TRILLION.

- Companies that are possible targets for assistance under this program must comply with executive pay restrictions.

- A special inspector general would be appointed to oversee and manage all troubled assets.
It's a HELLOV lot better than What Paulson and the Repugs want that is for damn sure. I like the sunset provision as well.



Comment by TriSec on 09/22/2008 19:33:24
Quote by Raine:

My sister's water has BROKE!!!



:party:






http://mentalfloss.cachefly.net/wp-content/uploads/2007/04/wait_ill_fix_it_410.jpg




What's that, you say? It's supposed to be broken?





Comment by wickedpam on 09/22/2008 19:34:44
Quote by m-hadley:

Mala,

Did you get the stickers? They should have arrived by now... Let me know :P

Cheers,

mfaye

:hug: & :gobama:






Yep! Guess you missed my very much earlier postie :p



Already on the car! Thank you so much!



Comment by Scoopster on 09/22/2008 19:39:35
Oooh there's a bebe on the way! :banana:

Comment by Raine on 09/22/2008 19:41:06
Comment by BobR on 09/22/2008 19:41:45
Quote by Scoopster:

Full text of Dodd's changes to Paulson's economic proposals



It's a rough draft of a bill, so it's no picnic reading it. But the key parts that I can see are:



- a five-member oversight board made up of the heads of the FDIC, SEC, a non-government experts appointed by each party's leadership in Congress, and the Fed Chairman.

- monthly reports to Congress

- 20% of sales of troubled assets will be split 65/35 between the Housing Trust Fund and Capital Magnet Fund. The remaining 80% will be used to pay down the federal debt. (THIS IS EXCELLENT RIGHT HERE)

- Maximum buyout of troubled assets at any one time cannot exceed $700bil

- Any mortgage-backed security that is overtaken by the government in this manner would allow the consumer (whoever took the mortgage out in the first place) to become eligible for assistance with and/or modification of the terms of their mortgage including interest rate reduction, principal reduction etc. (EXCELLENT!!)

- a sunset provision on 12/31/09, unless authorized by Congress for extension. Actions already taken would be seen through to resolution.

- An increase in the debt ceiling to $11.315 TRILLION.

- Companies that are possible targets for assistance under this program must comply with executive pay restrictions.

- A special inspector general would be appointed to oversee and manage all troubled assets.


Hmmmm... the root cause of all this is that the "assets" are actually "debts". So sale of the "assets" essentially means selling the "debt", which is what got us into this mess in the first place.



Comment by Scoopster on 09/22/2008 19:42:36
EXCELLENT - Dodd's bill is the one that's going through, not Paulson's!



GREAT to see that for once our Dems in Congress didn't give up on us!!

Comment by Raine on 09/22/2008 19:43:21
Tri!!!

Comment by TriSec on 09/22/2008 19:49:19
Quote by wickedpam:



Already on the car! Thank you so much!







Oh, that reminds me....driving in this morning, it seems that every other car had an Obama sticker on it, and I'm seeing a ton of yard signs springing up.



And of course, the one anomaly, a single McCain sign on a house over in Belmont. (No surprise there.)





I like to make wingers' heads explode...I've got the "Got Hope?", an "Independents for Obama" and Starling's "Bitter voters for Obama", along with a US flag, BSA, Libertarian Party, and US Air Force Museum sticker, among many others.



Yeah, try and figure out my politics based on vehicle adhesions!

Comment by wickedpam on 09/22/2008 19:57:09
Quote by Raine:

*4Free* this poll!




how can ya tell how many people voted? it doesn't give totals or anything :scratchhead:



Comment by Scoopster on 09/22/2008 19:57:24
Quote by Raine:

Quote by Scoopster:

Full text of Dodd's changes to Paulson's economic proposals



It's a rough draft of a bill, so it's no picnic reading it. But the key parts that I can see are:



- a five-member oversight board made up of the heads of the FDIC, SEC, a non-government experts appointed by each party's leadership in Congress, and the Fed Chairman.

- monthly reports to Congress

- 20% of sales of troubled assets will be split 65/35 between the Housing Trust Fund and Capital Magnet Fund. The remaining 80% will be used to pay down the federal debt. (THIS IS EXCELLENT RIGHT HERE)

- Maximum buyout of troubled assets at any one time cannot exceed $700bil

- Any mortgage-backed security that is overtaken by the government in this manner would allow the consumer (whoever took the mortgage out in the first place) to become eligible for assistance with and/or modification of the terms of their mortgage including interest rate reduction, principal reduction etc. (EXCELLENT!!)

- a sunset provision on 12/31/09, unless authorized by Congress for extension. Actions already taken would be seen through to resolution.

- An increase in the debt ceiling to $11.315 TRILLION.

- Companies that are possible targets for assistance under this program must comply with executive pay restrictions.

- A special inspector general would be appointed to oversee and manage all troubled assets.
It's a HELLOV lot better than What Paulson and the Repugs want that is for damn sure. I like the sunset provision as well.



Hmmm.. turns out that inspector general guy is appointed by the President.













Comment by Raine on 09/22/2008 20:06:06
I know liv mentioned Oil, and it seems it just had the biggst 1 day spike in History... can someone please give me an explanation as to why?



The market closed down big time today. All of friday's (fake ) gains have been wiped out. The dow dropped 3.3%.



So Why oil???

Comment by Raine on 09/22/2008 20:08:34
Quote by Scoopster:

Quote by Raine:

Quote by Scoopster:

Full text of Dodd's changes to Paulson's economic proposals



It's a rough draft of a bill, so it's no picnic reading it. But the key parts that I can see are:



- a five-member oversight board made up of the heads of the FDIC, SEC, a non-government experts appointed by each party's leadership in Congress, and the Fed Chairman.

- monthly reports to Congress

- 20% of sales of troubled assets will be split 65/35 between the Housing Trust Fund and Capital Magnet Fund. The remaining 80% will be used to pay down the federal debt. (THIS IS EXCELLENT RIGHT HERE)

- Maximum buyout of troubled assets at any one time cannot exceed $700bil

- Any mortgage-backed security that is overtaken by the government in this manner would allow the consumer (whoever took the mortgage out in the first place) to become eligible for assistance with and/or modification of the terms of their mortgage including interest rate reduction, principal reduction etc. (EXCELLENT!!)

- a sunset provision on 12/31/09, unless authorized by Congress for extension. Actions already taken would be seen through to resolution.

- An increase in the debt ceiling to $11.315 TRILLION.

- Companies that are possible targets for assistance under this program must comply with executive pay restrictions.

- A special inspector general would be appointed to oversee and manage all troubled assets.
It's a HELLOV lot better than What Paulson and the Repugs want that is for damn sure. I like the sunset provision as well.



Hmmm.. turns out that inspector general guy is appointed by the President.











oooOO00OOooo







Comment by Scoopster on 09/22/2008 20:19:40
Treasury backtracking on deal with Democrats..



Figures.. BTW there's a poll on that page that needs a bit of 4-free'ing

Comment by Raine on 09/22/2008 20:32:58
Quote by Scoopster:

Treasury backtracking on deal with Democrats..



Figures.. BTW there's a poll on that page that needs a bit of 4-free'ing
Let's hope that smarter heads prevail. Ther eis a part of me that is wondering when *ush is going to threaten a veto.



4Free'd!



Comment by livingonli on 09/22/2008 20:35:46
Naomi Klein on with Randi right now.

Comment by Raine on 09/22/2008 20:36:14
Quote by wickedpam:

Quote by Raine:

*4Free* this poll!




how can ya tell how many people voted? it doesn't give totals or anything :scratchhead:

Sadlt you can't tell, What concerns me is that on a PBS site, more people think she is qualified. I smell freeper... I am tired of the poll Freeping, Thus born the term 4-Free!!!



Comment by Raine on 09/22/2008 20:52:15
Baby sister baby update: She has been admitted to the hospital... Now we wait...



(damn allergies....)

Comment by IzzyBitz on 09/22/2008 21:12:02
Caption me this Batman.



http://i446.photobucket.com/albums/qq183/Seaweed70/bush20kissing20arab20by20Boris20fro.jpg


Comment by Shane-O on 09/22/2008 21:29:25
Quote by Raine:

I know liv mentioned Oil, and it seems it just had the biggst 1 day spike in History... can someone please give me an explanation as to why?



The market closed down big time today. All of friday's (fake ) gains have been wiped out. The dow dropped 3.3%.



So Why oil???
Yes, I can explain.



Financial market is in the tank. Currency, credit (and all that near worthless (or as Paulson calls is "illiquid") paper) and the like are all going down.



So - those with $$ invest in commodities. Gold, for example. Oil and oil futures as well. Add that to supply and demand - big spike.



Also, the price of oil is set to the U.S. Dollar (they wanted to switch to the Euro a while back - see: Iraq War, real reasons #256). When our debt goes up to over $11 trillion - and we print more to pay interest, the dollar gets even weaker than it is. So even though oil itself may not be worth more, per se, what we are measuring its worth against (the Dollar) has less value. Thus, the increase is a reflection a lower dollar, not higher oil. (That part's hard to explain - hope it made SOME kinda sense!)



Comment by livingonli on 09/22/2008 21:31:11
Sen. Charles Grassley (R-Iowa) is discussing Meth Labs. Has he been visiting Wasalla, Alaska?

Comment by Raine on 09/22/2008 22:27:19
Quote by Shane-O:

Quote by Raine:

I know liv mentioned Oil, and it seems it just had the biggst 1 day spike in History... can someone please give me an explanation as to why?



The market closed down big time today. All of friday's (fake ) gains have been wiped out. The dow dropped 3.3%.



So Why oil???
Yes, I can explain.



Financial market is in the tank. Currency, credit (and all that near worthless (or as Paulson calls is "illiquid") paper) and the like are all going down.



So - those with $$ invest in commodities. Gold, for example. Oil and oil futures as well. Add that to supply and demand - big spike.



Also, the price of oil is set to the U.S. Dollar (they wanted to switch to the Euro a while back - see: Iraq War, real reasons #256). When our debt goes up to over $11 trillion - and we print more to pay interest, the dollar gets even weaker than it is. So even though oil itself may not be worth more, per se, what we are measuring its worth against (the Dollar) has less value. Thus, the increase is a reflection a lower dollar, not higher oil. (That part's hard to explain - hope it made SOME kinda sense!)





Aha!



Yes, that makes a lot of sense shane. Doesn't make me feel better... But it does explain what I was confused about.



and, I am left with nothing, but "wow"







Comment by Raine on 09/22/2008 22:30:48
Quote by IzzyBitz:

Caption me this Batman.



http://i446.photobucket.com/albums/qq183/Seaweed70/bush20kissing20arab20by20Boris20fro.jpg


Go slow... I don't wanna show tongue.

Comment by IzzyBitz on 09/22/2008 22:36:09
Good one Raine!

Comment by Mondobubba on 09/22/2008 22:36:53
Quote by Raine:

Quote by Shane-O:

Quote by Raine:

I know liv mentioned Oil, and it seems it just had the biggst 1 day spike in History... can someone please give me an explanation as to why?



The market closed down big time today. All of friday's (fake ) gains have been wiped out. The dow dropped 3.3%.



So Why oil???
Yes, I can explain.



Financial market is in the tank. Currency, credit (and all that near worthless (or as Paulson calls is "illiquid") paper) and the like are all going down.



So - those with $$ invest in commodities. Gold, for example. Oil and oil futures as well. Add that to supply and demand - big spike.



Also, the price of oil is set to the U.S. Dollar (they wanted to switch to the Euro a while back - see: Iraq War, real reasons #256). When our debt goes up to over $11 trillion - and we print more to pay interest, the dollar gets even weaker than it is. So even though oil itself may not be worth more, per se, what we are measuring its worth against (the Dollar) has less value. Thus, the increase is a reflection a lower dollar, not higher oil. (That part's hard to explain - hope it made SOME kinda sense!)





Aha!



Yes, that makes a lot of sense shane. Doesn't make me feel better... But it does explain what I was confused about.



and, I am left with nothing, but "wow"











I just heard something on "Marketplace" the spike in price is for the October futures contract which closed today. The November options price is at 108 bucks a barrel. So we shall see what happens.

Comment by livingonli on 09/22/2008 22:40:49
Quote by IzzyBitz:

Caption me this Batman.



http://i446.photobucket.com/albums/qq183/Seaweed70/bush20kissing20arab20by20Boris20fro.jpg


I don't have to worry about Laura finding out. She's at the Mayflower Hotel.



Would you like to raise my oil well?

Comment by Mondobubba on 09/22/2008 22:42:59
Quote by Raine:

Quote by Shane-O:

Quote by Raine:

I know liv mentioned Oil, and it seems it just had the biggst 1 day spike in History... can someone please give me an explanation as to why?



The market closed down big time today. All of friday's (fake ) gains have been wiped out. The dow dropped 3.3%.



So Why oil???
Yes, I can explain.



Financial market is in the tank. Currency, credit (and all that near worthless (or as Paulson calls is "illiquid") paper) and the like are all going down.



So - those with $$ invest in commodities. Gold, for example. Oil and oil futures as well. Add that to supply and demand - big spike.



Also, the price of oil is set to the U.S. Dollar (they wanted to switch to the Euro a while back - see: Iraq War, real reasons #256). When our debt goes up to over $11 trillion - and we print more to pay interest, the dollar gets even weaker than it is. So even though oil itself may not be worth more, per se, what we are measuring its worth against (the Dollar) has less value. Thus, the increase is a reflection a lower dollar, not higher oil. (That part's hard to explain - hope it made SOME kinda sense!)





Aha!



Yes, that makes a lot of sense shane. Doesn't make me feel better... But it does explain what I was confused about.



and, I am left with nothing, but "wow"











I just heard something on "Marketplace" the spike in price is for the October futures contract which closed today. The November options price is at 108 bucks a barrel. So we shall see what happens.

Comment by Mondobubba on 09/22/2008 22:47:55
I highly recommend "Burn After Reading" it is hilarious! Pitt! Clooney! Morons! :rolf:

Comment by Raine on 09/22/2008 23:11:39
My sister is now in full blown labor! any hour now!!!



:cry:



I talked to my goddaughter... the soon to be big sister... (who at the request of my sister --- in labour --- said *Take the child home --- I don't want her hearing this*)



She ( my neice) said that based on her mom's screams, (heard from down the hall) she never wants children... :rofl:



This isn't really a bad thing... I think my neice is learning about WHY we are worried about teenage sex and the flaven.



Any hoo... I am so excited for my sister!

Comment by Raine on 09/22/2008 23:15:57
Quote by IzzyBitz:

Good one Raine!


:danke: I got an Izzybitz booblitz!



:rofl:

Comment by Mondobubba on 09/22/2008 23:19:57
Raine, re: the PC ad with the Obama blogger dude. No I don't think that is a McCain button.



Raine's sistah-love. Rock on! May the labor be swift and the baby healthy, perfect and wonderful! :party:

Comment by Raine on 09/22/2008 23:23:53
Quote by livingonli:

Sen. Charles Grassley (R-Iowa) is discussing Meth Labs. Has he been visiting Wasalla, Alaska?
Do you really think he would have come back???







Comment by Raine on 09/22/2008 23:26:58
Quote by Mondobubba:

Raine, re: the PC ad with the Obama blogger dude. No I don't think that is a McCain button.



Raine's sistah-love. Rock on! May the labor be swift and the baby healthy, perfect and wonderful! :party:
Thanks I really was not sure...





and even more importantly... THANKS!!! Here comes Matthew!!! (listen carefully, this is a Koch sister... she can scream ALMOST as loud as me)



Comment by Mondobubba on 09/22/2008 23:33:40
Quote by Raine:

Quote by Mondobubba:

Raine, re: the PC ad with the Obama blogger dude. No I don't think that is a McCain button.



Raine's sistah-love. Rock on! May the labor be swift and the baby healthy, perfect and wonderful! :party:
Thanks I really was not sure...





and even more importantly... THANKS!!! Here comes Matthew!!! (listen carefully, this is a Koch sister... she can scream ALMOST as loud as me)







:cocks ear northwards: Man them is some loud screams! Go Matthew, its your birthday! :dance:

Comment by Raine on 09/22/2008 23:38:24
My sister went from 7 to - 9 CM in the past 10 minutes... the baby will be here VERY VERY soon.



Last night it was Yankee stadium, tonite --- my sister!!! VERY emotional week!

Comment by livingonli on 09/22/2008 23:41:14
Now just yell, "Push! Push! PUSH!"

Comment by Mondobubba on 09/22/2008 23:47:39
:thud: An entire Jeopardy category on Snoop Dogg.

Comment by Raine on 09/22/2008 23:51:14
The baby is here!!! he was born about 5 minutes abo!!! Momma and baby are fine!!!

Comment by Mondobubba on 09/22/2008 23:54:34
:thud: An entire Jeopardy category on Snoop Dogg.

Comment by Mondobubba on 09/22/2008 23:56:19
Quote by Raine:

The baby is here!!! he was born about 5 minutes abo!!! Momma and baby are fine!!!




Woohoo! Excellent! Auntie Bunny, are your allergies bugging you again? :hug:

Comment by livingonli on 09/23/2008 00:19:24
Quote by Raine:

The baby is here!!! he was born about 5 minutes abo!!! Momma and baby are fine!!!


Congrats Auntie Bunny. Party in upstate NY.



Raine,will you be heading back up anytime soon to see the baby?

Comment by Raine on 09/23/2008 00:46:57
MY *allergies* are a wreck tonite!!!





Just got off the phone with my Oma... she sounds more lucid than I have heard her sound in years.



MY neice is nervous and excited...



and my mom is just so damnhappy I can't describe it.







Comment by livingonli on 09/23/2008 00:50:10
Nothing like Neil Cavuto's open racism. Maybe they should just change the name from Fox to the KKK News Network.

Comment by TriSec on 09/23/2008 01:02:23
Greetings, baby!



You've probably noticed things are pretty messed up out here these days, but don't worry. There's an entire army of us working out here to make sure you have a future.



New York, eh? Well....I suppose I could overlook that whole Yankees thing for another day.



Welcome to 2008...let's be careful out there!



:peace: :party:





Comment by Mondobubba on 09/23/2008 01:14:18
Quote by livingonli:

Nothing like Neil Cavuto's open racism. Maybe they should just change the name from Fox to the KKK News Network.






Oh Livin! Every racist isn't in the Klan. Some of them are more upscale and are members of a Conservative Citizen's Council.

Comment by Mondobubba on 09/23/2008 01:19:27
So here is my political strategery idea for the day. This bail out thingy, the Democrats, i.e. Dodd are calling for strings in the form of re-regulation etc which great. Now here come really sneaky part. The GOP being totally out of touch asshats, start a filibuster against the bill. At least in my rose tinted world this happens.

Comment by Raine on 09/23/2008 01:22:40
Guys, (and gals) Thanks for letting me share this with you tonite.





HE is a happy and loud (according to my neice) baby.



sounds like a perfect virgo liberal!! Or, maybe... he got some of the Aunt bunny DNA.



Loud and Proud!!! (and most of all, he is healthy as is his momma)

Comment by Mondobubba on 09/23/2008 01:27:35
Liberals caused the mortgage crisis? Huh? :scribbles in notebook "Pat Buchanan has tertiary syphilis.:

Comment by livingonli on 09/23/2008 01:30:04
Quote by Mondobubba:

Liberals caused the mortgage crisis? Huh? :scribbles in notebook "Pat Buchanan has tertiary syphilis.:


Nothing like the delusion of the right-winger who can never admit being wrong.

Comment by Raine on 09/23/2008 01:53:58
Quote by Mondobubba:

Liberals caused the mortgage crisis? Huh? :scribbles in notebook "Pat Buchanan has tertiary syphilis.:


:rofl: Thank you ... Thank you for REALLY making we want to turn on Rach...



Did that F*cker REALLY have the tiny little small testicles tell him that his ego he can say that on the Dr's show? Where did he buy them? (I mean, in this market an all, where did he get those testiKLAYES?)





Really, how does one get a set of balls like that?

Comment by Mondobubba on 09/23/2008 01:58:09
Quote by Raine:

Quote by Mondobubba:

Liberals caused the mortgage crisis? Huh? :scribbles in notebook "Pat Buchanan has tertiary syphilis.:


:rofl: Thank you ... Thank you for REALLY making we want to turn on Rach...



Did that F*cker REALLY have the tiny little small testicles tell him that his ego he can say that on the Dr's show? Where did he buy them? (I mean, in this market an all, where did he get those testiKLAYES?)





Really, how does one get a set of balls like that?






The scary thing is I think that they really are friends. Scary I know.



From Akbar and Jeff's Testicle Hut of course! Big ones, brass ones, low hanging ones, hairless ones! You name 'em Akbar and Jeff have 'em!

Comment by Mondobubba on 09/23/2008 01:59:14
Run DMC and Metallica for the Rock Hall o' Fame!

Comment by livingonli on 09/23/2008 02:02:10
And now Kent Jones mentions the Brazilian model story. I had to go back in the DVR a bit since I was channel surfing during the break.

Comment by livingonli on 09/23/2008 02:26:18
The Canadian election polls have the right-wing Tories with a 16-point lead over the Liberals. Which makes it more important for Obama to win since moving North may not be an option.

Comment by livingonli on 09/23/2008 03:13:23
I have now decided to watch the Miss Hooters pageant on MSG Plus since Daily Show and Colbert are repeats tonight.

Comment by livingonli on 09/23/2008 03:41:05
For those who remember the story about the LI woman who was mauled to death in San Francisco, well the owners of the dogs were sentenced to 15 years in prison.

Comment by BobR on 09/23/2008 04:16:30
I guess I am working from home tomorrow. There's no gas to be had anywhere...

Comment by Raine on 09/23/2008 04:16:50
Watching Bill Clinton on letterman.





Bill is, now in my opinion... the new Joe Lieberman.







When I get the y-tube, I will post it.

Comment by Raine on 09/23/2008 04:19:22
you know.... bill had ONE simple job tonite. One job.. I don't need to hear about McCain's cross to bear.





Comment by Raine on 09/23/2008 04:34:34
Ok... Chris Rock is my new hero!!!!



Thank you CHRIS!!

I was on the laptop and was getting ready to post a Whole thing about how lost bill Clinton is to me, and Chris rock did it for me.

Comment by livingonli on 09/23/2008 04:49:57
Looks like I should be glad I didn't watch Letterman. So, Bill is still going off the reservation. Hillary got in line but he didn't. I think he's been corrupted by spending too much time with poppy Bush.

Comment by livingonli on 09/23/2008 05:24:27
Just for fun;





Comment by livingonli on 09/23/2008 05:45:11