Article

2008-10-07 Home Front Economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Fred 2008-10-07 00:00|| || Front Page|| [1 views ] Top

#1 When the Federal Government gets involved in picking winners and losers on Wall Street, we open up a financial whirlpool of insatiable greed," said Kucinich on Monday.

I agree with Congressman Kucinich, but I'm afraid the terms Federal Government and insatiable greed became synonymous many years prior to the recent Wall Street debacle.

Posted by Besoeker 2008-10-07 08:58|| 2008-10-07 08:58|| Front Page Top

#2 unfortunately the rest of Dennis's response was edited out: "Once our alien overlords arrive with Zygantium crystals, we can shift our currency to thought-notes backed by the Zygantium standards. Klaatu!"

Posted by Frank G">Frank G 2008-10-07 10:25|| 2008-10-07 10:25|| Front Page Top

#3 Right you are, Frank G. It'll be alien technology from my UFO friends. Lemme make some calls...

Posted by Kucinich 2008-10-07 11:17|| 2008-10-07 11:17|| Front Page Top

#4 *sigh* two lone voices of reason sanity speaking out against the bailout, me and Dennis Kucinich...

Posted by Tranquil Mechanical Yeti 2008-10-07 11:32|| 2008-10-07 11:32|| Front Page Top

#5 This could be the only rational thought ever to coalesce is Kucinich's brain.

Posted by bigjim-ky 2008-10-07 11:46|| 2008-10-07 11:46|| Front Page Top

#6 #5 This could be the only rational thought ever to coalesce is Kucinich's brain.
Posted by bigjim-ky

Well if he were only granted one rational thought, he chose a good one. I only wish Senator McCain had followed his lead. It wouldn't have cost him a dime.

Posted by Besoeker 2008-10-07 12:04|| 2008-10-07 12:04|| Front Page Top

#7 As long as our national mortgage guarantee operations are being used for social experiments and to promote a world-view that is counter to basic economics (such as "people who can't afford a mortgage should get one anyway because that would be really nice"), we will have all sorts of problems. It is really nothing more than government yet again being used as a charity rather than a supporter of the economy.

It's okay, in about 5 more years Congress is going to run out of cash when they have to start honoring the Social Security trust fund IOUs. It will then be game over for big pork.

Posted by crosspatch 2008-10-07 12:23|| 2008-10-07 12:23|| Front Page Top

#8 I just hope we remember to jail these guys when the sh*t really hits the fan.

Posted by Hellfish 2008-10-07 12:47|| 2008-10-07 12:47|| Front Page Top

#9 WORLD FORUM Thread [China] > argues the US' FIGHT AGZ TERRORISM + MASSIVE DEFENSE SPENDING WON'T SAVE IT FROM BANKRUPTCY, as the USA = Econ, DOD has technically been bankrupt for a very long time now ala USGovt-BELOVED DEFICIT BUDGETING.

CNN HEADLINE NEWS > Segment debates HOW MUCH GOLD DOES THE US HAVE IN FORT KNOX, to pay for both the NEW SENATE-APPROV WALL STREET BAILOUT + RELATED PAN-ECON PROBLEMS???

Posted by JosephMendiola 2008-10-07 20:23|| 2008-10-07 20:23|| Front Page Top

23:43 ex-lib
23:39 ex-lib
23:35 ex-lib
23:34 ex-lib
23:30 Don Vito Omeling5062
23:07 Pliny Unaque3241
22:57 mom
22:46 Tranquil Mechanical Yeti
22:12 Alaska Paul
21:58 AlmostAnonymous5839
21:55 trailing wife
21:27 tipper
21:21 Alaska Paul
21:12 Betty
21:06 sinse
21:03 Large Slesing1586
21:01 3dc
20:56 KBK
20:44 JosephMendiola
20:41 Procopius2k
20:36 Nimble Spemble
20:36 JosephMendiola
20:31 JosephMendiola
20:30 Glenmore