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The Chimp single-handedly caused a market crash yesterday.

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BuyingThyme Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 10:01 AM
Original message
The Chimp single-handedly caused a market crash yesterday.
Edited on Tue Sep-30-08 10:04 AM by BuyingThyme
It had absolutely nothing to do with "market" factors.

It was entirely the result of a Simple Chimp who knows no other way to force legislation than to go before the American people and promote doomsday scenarios.

He's been doing this for eight fucking years.

We have lost lives. We have lost rights. We have lost security. We have lost money. We lost all of this in the wakes of his doomsday scenarios.

So why the fuck are you still buying it?

Are you stupid or something?
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Tallison Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 10:07 AM
Response to Original message
1. This is just silly n/t
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BuyingThyme Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 10:09 AM
Response to Reply #1
2. What is silly?
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Tallison Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 03:14 PM
Response to Reply #2
14. The simplicity of this account. nt
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 10:12 AM
Response to Reply #1
4. Hardly.
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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 10:11 AM
Response to Original message
3. Yes..... because for the first time in his presidency he was right, but nobody believed him

So ... in effect... it WAS all his doing.

He spent all of his political capital and nobody trusts a word he says any more.
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BuyingThyme Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 10:16 AM
Response to Reply #3
5. He's not right.
He just wanted to force a "solution" which would quickly provide cover for the people for whom he works.

There is no time-of-the-essence emergency. There is a situation which needs careful and measured consideration by the people who were elected to carefully and measuredly consider what is best for the people who elected them.

The sky is not falling. There are no WMD. That is not a Red under your bed.

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magellan Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 11:16 AM
Response to Reply #3
10. He's so right, why wasn't he talking about this a year ago
...instead of saying the fundamentals of the economy were sound?

Why the sudden urgency? Do you believe he just suddenly realized we have a problem, Houston?

You're letting the Repubs pull the wool over your eyes. YES, there's a problem. NO, we don't need to give up more of our rights and treasure to solve it. The sooner Dems realize that and start acting like the MAJORITY the better off we'll all be.

The best way to ensure you don't survive an emergency is to panic. STOP falling for the Right's terror, terror, terror campaigns.
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jgraz Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 11:27 AM
Response to Reply #3
11. Why is he right? I've yet to see any evidence that this bailout is required.
I used to work in the financial sector during the bailout of the peso. That bailout was a total giveaway to American firms who had invested in Mexico, and we all just went along with it.

Extraordinary claims require extraordinary evidence. Where is the evidence that we need to hand Wall St. financiers the keys to the treasury?
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tinrobot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 10:25 AM
Response to Original message
6. The boy who cried wolf.
In the story, he cries wolf so much people don't believe him. The last time he cries wolf, nobody pays attention and the wolf eats him.

I think our economy is about to be eaten by a wolf.
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Hidden Stillness Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 11:00 AM
Response to Original message
7. This is Absolutely True, Correct
These are the things the hysterics on the other side fail--deliberately?--to notice or admit: first, that the defeat of that horrible corporate-welfare payment on Monday, endangers nothing, because now they can/should go right back to Congress, tell Bush and that asshole Paulson (who up to this point has been absolutely clueless as to the increasing recession in the whole country, not just global "financial markets") to shut up and get out of the way, and work on a real re-regulation of these industries and dealings; second, "panics," huge swings, ups and downs on the stock market, happen all the time and are caused by silly hysterics making huge buys and sells based on their ethereal "perceptions" of "psychological" influences, where "trends" are or aren't, blah blah, not true economic indicators, and the assholes generally correct themselves and get back to stability eventually (as I think they seem to be now); third, there have been extremely deep recessions with scary-huge stock market drops, over the years, but because of New Deal protections and regulations, they never went further--remember that bastard Reagan's recession/near-depression of both 1982 and 1986? One of them had a collosal stock market crash, called "Black Monday" (like 1929's "Black Thursday"), the worst stock crash since then, there were huge fears, etc. Does anyone even remember it? Guess not. If there are laws and people willing to fight these crimes, they will be corrected. Fourth: Any panic was caused by the dumb asshole talking as if everything were falling apart right now--that always happens! Don't use this Goddamned hysterical language! What makes anyone think that "Bail Me Out AGAIN Daddy" George Bush even knows anything about commercial business; didn't every single thing of Bush's fail and go bankrupt? This is your "expert"?

Finally, remember the words of Pres. Roosevelt, as the world really was falling apart, and Roosevelt instituted new banking regulations, to protect the savings of ordinary people, in Federal banks, and create new laws to stop the in-bred corruption they had then, as now. When there really could have been a note of panic, Roosevelt instead opened the very first "Fireside Chat" on radio, explaining the new banking/stock market laws to people, this way: "I want to tell you what has been done in the last few days, why it was done, and what the next steps are going to be." Roosevelt then went on to explain the new banking laws and protections; March 12, 1933. This actually calmed people, made them feel better about things, and although Roosevelt never minimized the threats and problems, and always told people how hard it would be, there was never this shitty, evil attempt to scare them, or make them crawl. Bush made the buyers and sellers on the stock market--who after all, are the problem, with their behavior and lack of regulation--panic, by using language that seemed both hysterical and clueless about how to solve the problem. That was what it was.
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BuyingThyme Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 11:06 AM
Response to Reply #7
8. I think you should put this atop a new thread.
:applause:
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rucky Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 11:08 AM
Response to Original message
9. Any plan would've tanked, because voters don't trust the planners. n/t
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daleo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 11:38 AM
Response to Original message
12. A tax hike on the top income bracket would convince me this is serious
Until the rich decide to show that they are willing to pitch in, I can't see most people going for it. If the rich were actually willing to pay some extra taxes to cover part of the cost, it would be much more convincing.

It's like the war on terrorism. The sky is supposed to be falling, but the rich don't support a draft which would share the sacrifice. Same thing here.
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BuyingThyme Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 03:02 PM
Response to Original message
13. The DOW closed +500?
And we're gonna send 'em money?
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