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returntothepit >> discuss >> Bush talking shitty economy shit now! by the_reverend on Sep 24,2008 9:01pm
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toggletoggle post by the_reverend   at Sep 24,2008 9:01pm
bitch here



toggletoggle post by the_reverend   at Sep 24,2008 9:07pm
he's saying shit that we already know... it's like the dumbest kid in school talking down to you



toggletoggle post by brian_dc  at Sep 24,2008 9:09pm
he's talking to people who only watch the evening news



toggletoggle post by brian_dc  at Sep 24,2008 9:14pm
well

that was a waste of time.



toggletoggle post by brian_dc  at Sep 24,2008 9:16pm
that was like the extremely condensed cliff notes version of the financial crisis.

I guess that was useful for some reason?....somewhere?



toggletoggle post by sxealex   at Sep 24,2008 9:20pm
i was cooking
i heard something about china and us making irresponsible decisions.



toggletoggle post by brian_dc  at Sep 24,2008 9:21pm
whatcha cookin, dooder?



toggletoggle post by Murph  at Sep 24,2008 9:31pm
the_reverend said[orig][quote]
he's saying shit that we already know... it's like the dumbest kid in school talking down to you


He didn't say the one thing that mattered.

The TAXPAYERS who are funding this, should it prosper, should be the only ones who benefit (if Wall Street flourishes, we all should flourish).

Not just protected, but reimbursed, and if possible, given the money from future profit.

Hearing George Bush speak about the securities market on T.V. will most likely make my Swedish (business and economics student) girlfriend dump me, with laughter.



toggletoggle post by sxealex   at Sep 24,2008 9:38pm
marinated tofu



toggletoggle post by sxealex   at Sep 24,2008 9:39pm
but its now in mah bellay



toggletoggle post by brian_dc  at Sep 24,2008 9:46pm
enjoy it while we still have food to eat, son



toggletoggle post by sxealex   at Sep 24,2008 9:51pm
i want to grow my own food so i dont have to worry...



toggletoggle post by sxealex   at Sep 24,2008 9:51pm
please mail me some grade A food seeds



toggletoggle post by sxealex   at Sep 24,2008 9:53pm
here is a food plant i attempted to grow last year but I forgot to feed it and the workers died



toggletoggle post by contagion   at Sep 24,2008 10:13pm
Murph said[orig][quote]
the_reverend said[orig][quote]
he's saying shit that we already know... it's like the dumbest kid in school talking down to you


He didn't say the one thing that mattered.

The TAXPAYERS who are funding this, should it prosper, should be the only ones who benefit (if Wall Street flourishes, we all should flourish).

Not just protected, but reimbursed, and if possible, given the money from future profit.

Hearing George Bush speak about the securities market on T.V. will most likely make my Swedish (business and economics student) girlfriend dump me, with laughter.
tax payers will benefit when wall street doesnt crash. i dont know if anyone realizes the consequences if the two biggest mortgage lenders in the US several of the largest investment banks in the world were to crumble but lets just say youd actually have shit to bitch about instead of complaining about tax money you arent going to see anyway getting spent to bail out the US economy. u mad bout gas? anyone notice oil spiked 25$ a barrel because investors started buying commodities instead of securities because of the lack in faith of bonds? who watched the dow drop like 500 points? anyone have a retirement fund thats down almost 25% because mutual funds are in the shitter because some of the largest and usually most sound firms to invest in have lost so much stock value? you think people had a hard time paying mortgages before all this shit imagine how hard it would be if everything crashed and you had to get a loan from your local bank to pay for this shit. you wouldnt get a loan in the first place because the wouldnt be there and if you did the interest rate would be so high you'd never be able to pay it off. then imagine that all the financial crisis caused hedge funders to your moms portfolio manager to dump all securities and start investing in shit that is more liquid (oil, gold, silver, grain) and suddenly gas is 10$ a gallon, home heating oil is worse and food prices hit the ceiling because it costs so much to ship.



toggletoggle post by y_ddraig_goch  at Sep 24,2008 10:26pm
well the solution is for things to get worse

then american ingenuity will solve our problems.

if not maybe the people will rise up and install a new more sound government for the people and by the people.

or maybe we can just end this and rebuild.

I hope everything goes down the drain, i have nothing to lose



toggletoggle post by Murph  at Sep 24,2008 11:09pm
contagion said[orig][quote]
Murph said[orig][quote]
the_reverend said[orig][quote]
he's saying shit that we already know... it's like the dumbest kid in school talking down to you


He didn't say the one thing that mattered.

The TAXPAYERS who are funding this, should it prosper, should be the only ones who benefit (if Wall Street flourishes, we all should flourish).

Not just protected, but reimbursed, and if possible, given the money from future profit.

Hearing George Bush speak about the securities market on T.V. will most likely make my Swedish (business and economics student) girlfriend dump me, with laughter.
tax payers will benefit when wall street doesnt crash. i dont know if anyone realizes the consequences if the two biggest mortgage lenders in the US several of the largest investment banks in the world were to crumble but lets just say youd actually have shit to bitch about instead of complaining about tax money you arent going to see anyway getting spent to bail out the US economy. u mad bout gas? anyone notice oil spiked 25$ a barrel because investors started buying commodities instead of securities because of the lack in faith of bonds? who watched the dow drop like 500 points? anyone have a retirement fund thats down almost 25% because mutual funds are in the shitter because some of the largest and usually most sound firms to invest in have lost so much stock value? you think people had a hard time paying mortgages before all this shit imagine how hard it would be if everything crashed and you had to get a loan from your local bank to pay for this shit. you wouldnt get a loan in the first place because the wouldnt be there and if you did the interest rate would be so high you'd never be able to pay it off. then imagine that all the financial crisis caused hedge funders to your moms portfolio manager to dump all securities and start investing in shit that is more liquid (oil, gold, silver, grain) and suddenly gas is 10$ a gallon, home heating oil is worse and food prices hit the ceiling because it costs so much to ship.


Sorry bud, but the entire reason this happened is because of the success of that system you describe. The only reason we're in this mess is because those companies grew so large and held so much influence that their choice to peddle securities (at first a viable, profitable convention) ended up dictating much of the financial establishment of the entire country. If they crumble, yes it would be fucking horrible. You know what else is horrible? This same thing happening every decade because of the ridiculous amounts of profit that can be reaped from the same system.

$10 gallons of gas sucks in today's market, because of the fact that minimum wage has risen around $1.50 in ten years, while the price of most essentials has risen in the range of 100-1000%.

By your logic, that today's established trade must be saved or the country is doomed should mean that right now Steel and Railroad companies should own most of the country...alas, when times need a changing, people find different places to make their fortunes.

Gas companies are also making a conscious decision to buy their own stocks back, which is going to allow oil to raise...because the more they own of themselves, the more effectual they can be in dictating price (even though the GIANTS of the oil industry aren't U.S. companies, but Russia, Venezuela, Iran...real sons of bitches).

Plainly put, after the market revives because of course this plan will, in a very similar form to the one presented tonight, be passed, I want my money used to revive the economy, as well as a small equitable percentage of the gain back in my pocket, so I can choose when and where to place my future from now on, thank you very much.

The leaders of nations are simply figureheads used by the people to FAIRLY, not EQUALLY, distribute accumulated resources and goods. If that isn't happening, because the 'free-enterprise' market police are getting caught with their pants down, it should not be our problem. If, as it is now, the government asks its citizens to bail it out, the money, once regained, should go back to its people. BAR NONE.



toggletoggle post by ctB0rderpatrol at Sep 24,2008 11:16pm
all i know is i wanna see assholes in monkey suits jumping off of tall buildings



toggletoggle post by BobNOMAAMRooney nli at Sep 24,2008 11:25pm
Fuck credit, buy a gun and take what you need by force.



toggletoggle post by BobNOMAAMRooney nli at Sep 24,2008 11:26pm
of course you should buy the gun with money THEN fuck it.



toggletoggle post by the_reverend   at Sep 24,2008 11:56pm
fuck the gun?
can we abbreviated that to just f'un?



toggletoggle post by sacreligion at Sep 25,2008 12:49am



toggletoggle post by BSV at Sep 25,2008 1:23am
capitalizm pwns!!!



toggletoggle post by the_reverend   at Sep 26,2008 9:25am
President Bush to make statement on financial bailout at 9:35 a.m. ET



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