What is really going on with the economy

Discussion in 'Economy' started by sealybobo, Sep 30, 2008.

  1. sealybobo
    Offline

    sealybobo Diamond Member

    Joined:
    Jun 5, 2008
    Messages:
    50,410
    Thanks Received:
    3,179
    Trophy Points:
    1,845
    Location:
    Michigan
    Ratings:
    +10,122
    The Shock Doctrine: The Rise of Disaster Capitalism is a 2007 book by Canadian journalist Naomi Klein.

    The book and film argue that the free market policies of Nobel Laureate Milton Friedman and the Chicago School of Economics have risen to prominence in countries such as Chile under Pinochet, Russia under Yeltsin, the United States (for example in New Orleans after Hurricane Katrina), and the privatization of Iraq's economy under the Coalition Provisional Authority not because they were democratically popular, but because they were pushed through while the citizens of these countries were in shock from disasters or upheavals. It is also claimed that these shocks are in some cases, such as the Falklands war, created with the intention of being able to push through these unpopular reforms in the wake of the crisis.

    The Shock Doctrine - Wikipedia, the free encyclopedia


    Just read Bush's comments from yesterday:

    President Bush warned Tuesday that failing to pass a financial rescue plan would bring severe consequences to the U.S. economy. “Congress must act,” he declared in an appeal that both presidential candidates echoed.
    In brief remarks at the White House, Bush warned that, “if our nation continues on this course, the economic damage will be painful and lasting.”
    Bush noted that the maximum $700 billion in the proposed bailout was huge, but was dwarfed by the $1 trillion in lost wealth that resulted from Monday’s stock-market plunge.
    (THEN BAIL US OUT GEORGE) (HOW ABOUT A BILL THAT WILL ACTUALLY WORK GEORGE)
    “Because the government would be purchasing troubled assets and selling them once the market recovers,” he said, “it is likely that many of the assets would go up in value over time. Ultimately, we expect that much - if not all - of the tax dollars we invest will be paid back.”
    (JUST LIKE IRAQ WOULD PAY FOR ITSELF, RIGHT GEORGE? FOOL ME ONCE, SHAME ON….WELL, THE POINT IS YOU AINT GONNA FOOL ME AGAIN)
    The Arizona Republican said that “Americans are frightened right now” and it is the job of political leaders to give them both an immediate solution and a longer-term approach to the problem.
    (OH, SO NOW JOHN WANTS THE GOVERNMENT INVOLVED? I’M NOT GOING TO FORGET HOW WRONG JOHN AND GEORGE HAVE BEEN. YOU CAN, BUT I CAN’T.)
    Bush: ?Painful and lasting? economic damage - Economy in Turmoil - MSNBC.com
    “I recognize this is a difficult vote for members of Congress,” Bush said. “And I understand that. But the reality is we are in an urgent situation and the consequences will grow worse each day if we do not act.”
    Treasury Secretary Henry Paulson emerged after the vote and warned of a credit crunch that would affect American businesses and said families would find it harder to get student loans and car loans.
    “We need to work as quickly as possible,” he said gravely. “We need to get something done.”
     
  2. Bern80
    Offline

    Bern80 Gold Member

    Joined:
    Jan 9, 2004
    Messages:
    8,094
    Thanks Received:
    720
    Trophy Points:
    138
    Ratings:
    +726
    And you titled this thread 'what is really go on with the economy'?

    This will be hard analogy to draw, but you know how you said in the other thread those who don't recognize the mistakes of the past are doomed to repeat them. Well you're kind of like that. Those that can't see their own warped sense of reality are destined to forever live in a warped sense of reality.
     
    Last edited: Sep 30, 2008
  3. Shogun
    Offline

    Shogun Free: Mudholes Stomped

    Joined:
    Jan 8, 2007
    Messages:
    30,495
    Thanks Received:
    2,224
    Trophy Points:
    1,043
    Ratings:
    +2,260
    thats probably not ironic as fuck coming from a free market capitalist.
     
  4. Bern80
    Offline

    Bern80 Gold Member

    Joined:
    Jan 9, 2004
    Messages:
    8,094
    Thanks Received:
    720
    Trophy Points:
    138
    Ratings:
    +726
    Let's see think all I need to do here is Ctrl+c from the other thread..... Ctrl+v here and.....

    When you're ready to have an adult conversation, let me know
     
    • Thank You! Thank You! x 1
  5. sealybobo
    Offline

    sealybobo Diamond Member

    Joined:
    Jun 5, 2008
    Messages:
    50,410
    Thanks Received:
    3,179
    Trophy Points:
    1,845
    Location:
    Michigan
    Ratings:
    +10,122
    If Bush isn't bullshitting, then what are the Republicans doing not signing this bill? He says our 401k's are in jeopordy and a GREAT DEPRESSION will fall down on us. Is he lying or wrong? That's pretty harsh words for a guy who was optimistic just 1 month ago. And he said they were working on this for 2 months. So now why does it have to be signed in a day? He waited till the last hour to force it down our throats? Why didn't he give them more of a heads up?

    So you see that the GOP used the exact same tactic to bully/rush us into Iraq, and they were wrong/lied, and now you don't think they are wrong/lying again?

    What the fuck is wrong with you? They do this before every election. Including midterms this will be 5 times they were wrong about the end of the world coming and somehow milked us for over a trillion dollars when you add it all up.

    So yes, you forgot what they did in 2000, 2002, 2004, 2006, and you will forget the real truth about what is happening now. Dumb fuck!!!

    Read Naomi Kleins book and then judge. You are so ignorant.
     
  6. Bern80
    Offline

    Bern80 Gold Member

    Joined:
    Jan 9, 2004
    Messages:
    8,094
    Thanks Received:
    720
    Trophy Points:
    138
    Ratings:
    +726
    Small problem with Klein's theory. It implies orchestration of events, rather than reacting to them. Has Bush proven himself to be the best decision maker in the world in times of crisis? Definately not. Is this some nefarious right wing conspiracy? No.
     
  7. sealybobo
    Offline

    sealybobo Diamond Member

    Joined:
    Jun 5, 2008
    Messages:
    50,410
    Thanks Received:
    3,179
    Trophy Points:
    1,845
    Location:
    Michigan
    Ratings:
    +10,122
    Here is a Bush Republican trying to scare you:

    In the Senate, Sen. Lamar Alexander pleaded for passage of the bill, saying if it does not there is "a real risk that credit will freeze and Americans will not be able to get car, student, auto, mortgage, or farm credit loans – or even to cash their paychecks.”

    “Next week can fix the blame. Today we should unclog the economic highway and fix the immediate problem to make sure Americans can buy homes and cars and houses, go to college, get farm credit loans, and cash their payroll checks.”
     
  8. Bern80
    Offline

    Bern80 Gold Member

    Joined:
    Jan 9, 2004
    Messages:
    8,094
    Thanks Received:
    720
    Trophy Points:
    138
    Ratings:
    +726
    It's possible. Read some of the headlines today on the extent that credit is being tightened.
     
  9. user_name_guest
    Offline

    user_name_guest Member

    Joined:
    Sep 19, 2008
    Messages:
    704
    Thanks Received:
    43
    Trophy Points:
    16
    Ratings:
    +43
    WSJ>Sealybobo.

    Unless you like drinking the kool-aid.
     
  10. sealybobo
    Offline

    sealybobo Diamond Member

    Joined:
    Jun 5, 2008
    Messages:
    50,410
    Thanks Received:
    3,179
    Trophy Points:
    1,845
    Location:
    Michigan
    Ratings:
    +10,122
    You still think he just got it wrong on the wmd thing? Despite all the facts of him planning the invasion of Iraq long before 9-11, Downing Street memos, etc? Where is the cucko thing?

    You think all these things happen just before every election?

    You think it's just a coincidence one of McCain's advisors is a lobbyist for Georgia and Rove took a trip to Georgia 2 months before they had the conflict with Russia?

    You are a tool then. This is why they are able to steal elections. Sheeple.
     

Share This Page