they just don’t seem to be alarmed about terrorists smashing planes into buildings

joey24007 on December 19, 2008 at 10:54 PM

Don’t they know that causes environmental damage?

Get everyone scared. World doesn’t end.

Voila! The One is a Savior!

IlikedAUH2O on December 20, 2008 at 10:19 AM

to save the economy, and the world from global warming…you just need to get this mark to buy and sell…trust me…biden.

Wait a minute…

Voila! The One is a Savior!

if they wanted to fix this, they wouldn’t rely upon the FAILED keynesian economics of the past. if they really wanted to fix this they would eliminate the regulations that caused the problem CRA SOX in the first place, eliminate business tax, capital gains tax, cut the government spending…and watch the economy BOOM.

but that would empower individuals not the government…can’t have that…so we’ll end up with a repeat of the 70s or 30s…

our leaders are AMAZINGLY stupid.

did you know that many drug-selling defendants receive all sorts of govt. checks? should we reward these people?

I thought we elected Cool Hand Luke because he doesn’t sweat when things get tough

Bambi’s never had a reason to sweat before; he’s never been the one in the hot seat.

Sure was a great idea to elect as president a far-left liberal novice who thinks FDR was some sort of economic genius. Thanks, idiot voters (you know who you are).

Mitt Romney has a Republican solution for what an economic stimulus should look like. (He should have been our president.)

onlineanalyst on December 20, 2008 at 4:11 AM

How on earth could the Republicans have nominated an erratic idiot like McCain when Romney was on the ticket? I knew the wheels were coming off when Mitt bowed out of the primaries.

FIFY

Tax cutting on savings and corporations is part of his plan. Putting the kibbosh on card check is another. Pushing for accountability in assigning infrastructure repair and replacement keeps the political payback of earmarks out of Congress’s sticky paws.

Biden has positioned a placeholder in his Senate seat until his son can assume his entitlement. Is the son equally dumb? Are we at the mercy of his DNA?

Here is a repeat of an idea addressing the economic crisis that focuses on a root cause of the meltdown (overleveraging) while offering a solution and making the perpetrators eat their bad decisions and forcing them to act responsibly. This citation appeared in WSJ’s “Best of the Web”.

A Financial Innovation Everyone Should Love
“Credit Suisse Group AG’s investment bank has found a new way to reduce the risk of losses from about $5 billion of its most illiquid loans and bonds: using them to pay employees’ year-end bonuses,” Bloomberg reports:

The bank will use leveraged loans and commercial mortgage- backed debt, some of the securities blamed for generating the worst financial crisis since the Great Depression, to fund executive compensation packages, people familiar with the matter said. The new policy applies only to managing directors and directors, the two most senior ranks at the Zurich-based company, according to a memo sent to employees today.

“While the solution we have come up with may not be ideal for everyone, we believe it strikes the appropriate balance among the interests of our employees, shareholders and regulators and helps position us well for 2009,” Chief Executive Officer Brady Dougan and Paul Calello, CEO of the investment bank, said in the memo.

The securities will be placed into a so-called Partner Asset Facility, and affected employees at the bank, Switzerland’s second biggest, will be given stakes in the facility as part of their pay. Bonuses will take the first hit should the securities decline further in value.
This is such a great idea, we’re surprised it took this long for someone to think of it. And contrary to the memo, this does seem “ideal for everyone.” Shareholders gets relief from the risk associated with imprudent investments. Credit Suisse executives get their bonuses despite having made those imprudent investments–and if the risk pays off, they get the reward. What’s not to like?

Our anger and sense of betrayal lie in the realization that those in government and finance will not ever have to suffer the consequences of their misguided actions.

“We aren’t anywhere near having specific numbers tagged down yet. What we’re trying to do is define the problem. . . . Obama is trying to do two things: define the problem and then come up with solutions that can meet the emergency and hopefully, at the same time, build the future.

“The first job is to make sure the public understands the nature of the problem we are facing,” Obey said.

The first job is “to make sure the public understands the nature of the problem” when Obama hasn’t even “defined the problem”. This makes no sense whatsoever.

These people are f***ing idiots.

We are in for a bumpy four years. Gotta run and gird my lions.. er loins or whatever…