7 of top 14 Obama supporters are...corporate interests

macgyver06

MasterFramer wrote:

Nader and McDonalds... not exactly GREEN then is he?

what does this mean?

anotherclone

Am I missing the point?

I am an employee of a major corporation. I have donated to Obama. Its my free will to donate. My company doesn't advocate the donation. He's accepted my money. Big deal.

macgyver06

anotherclone wrote:

Am I missing the point?

I am an employee of a major corporation. I have donated to Obama. Its my free will to donate. My company doesn't advocate the donation. He's accepted my money. Big deal.

It is your free will to give money away. this is true.

soulsinging

anotherclone wrote:

Am I missing the point?

I am an employee of a major corporation. I have donated to Obama. Its my free will to donate. My company doesn't advocate the donation. He's accepted my money. Big deal.

dont you understand???? that means that obama is beholden to your company and will decide every action he bases on their preferences! nevermind the fact that a lot of people donating to him have conflicting interests. obama also accepted a donation from joe smith in illinois. son of a bitch... that means the entire country is going to be run based on what is best for joe smith!

anotherclone

soulsinging wrote:

dont you understand???? that means that obama is beholden to your company and will decide every action he bases on their preferences! nevermind the fact that a lot of people donating to him have conflicting interests. obama also accepted a donation from joe smith in illinois. son of a bitch... that means the entire country is going to be run based on what is best for joe smith!

please tell me this is sarcasm at it's finest.

soulsinging

anotherclone wrote:

please tell me this is sarcasm at it's finest.

kinda frightening you have to make sure isnt it? cos there are plenty around here who would say that with a straight face.

anotherclone

soulsinging wrote:

kinda frightening you have to make sure isnt it? cos there are plenty around here who would say that with a straight face.

true dat

MasterFramer

macgyver06 wrote:

what does this mean?

*sigh

McDonalds? Factory Farms? Animal Cruelty? Environmental damages? Obesity? The peddling of shit food to kids? You don't see the conflict in Nader having investments in this company?

cornnifer

soulsinging wrote:

dont you understand???? that means that obama is beholden to your company and will decide every action he bases on their preferences! nevermind the fact that a lot of people donating to him have conflicting interests. obama also accepted a donation from joe smith in illinois. son of a bitch... that means the entire country is going to be run based on what is best for joe smith!

As a matter of fact, I'VE donated to the campaign...

look out, bitches!

soulsinging

cornnifer wrote:

As a matter of fact, I'VE donated to the campaign...

look out, bitches!

remember when i was the liberal and you were the conservative?

DriftingByTheStorm

RolandTD20Kdrummer wrote:

The federal reserve the IMF and the WTO....with these organizations in place, every politician is ultimately a puppet in the end. To pretend otherwise is quite ridiculous. Hence the saying give me control of a nations money and I care not who makes it's laws.

The day Obama talks seriously about addressing the fore mentioned criminal institutions will be definitely an interesting day. Has he yet at any point thus far?

Until then it's all smoke and mirrors with happy words in a shiny package.

One documentary to check out for thew doubters is "Fiat Empire". Give it a google or a torrent sometime.

This is a conventional politics thread, Roland.
We're not wanted here.

Never mind you that the men behind the Federal Reserve are the same men backing Obama.

Lets just take the conventional view of this.
What in your opinion does it mean that "Wallstreet" is funding Obama?

:rolleyes:

soulsinging

DriftingByTheStorm wrote:

This is a conventional politics thread, Roland.
We're not wanted here.

Never mind you that the men behind the Federal Reserve are the same men backing Obama.

Lets just take the conventional view of this.
What in your opinion does it mean that "Wallstreet" is funding Obama?

welcome back. hope your stunningly persuasive rhetorical fireworks were worth the time off. and who knew, after you were gone, your well-reasoned and coherent arguments convinced almost everyone! there havent been any threads about the evil conspiracy of the fed reserve since, becos you won so handily everyone just accepted it!

DriftingByTheStorm

soulsinging wrote:

welcome back. hope your stunningly persuasive rhetorical fireworks were worth the time off. and who knew, after you were gone, your well-reasoned and coherent arguments convinced almost everyone! there havent been any threads about the evil conspiracy of the fed reserve since, becos you won so handily everyone just accepted it!

i never got a time-out.

i just lost interest in arguing against a brick wall.
:rolleyes:

Pacomc79

DriftingByTheStorm wrote:

i never got a time-out.

i just lost interest in arguing against a brick wall.
:rolleyes:

hey, where is the economy post today? I'm disapointed? Oil at $105

DriftingByTheStorm

Pacomc79 wrote:

hey, where is the economy post today? I'm disapointed? Oil at $105

Like i said, i just gave up talking to a brick wall. On all fronts.

You want an economy post?

I just cashed out my ENTIRE Roth IRA Retirement Fund.
1\4 of it is in Gold EFTs so i have some leverageable liquidity. The rest of it is going in to bags of silver or cash on hand.

The economy is in the shitter.
The Ambac bailout "hit a snag" today.
The market plummeted.
Dow down 340 points right now.
If it wasn't Friday, it would probably be down 600.
S&P down 40.
Gold is at an alltime high again, 975 or something an ounce.
Oil still over 100
The dollar is like fractions of a penny off a new all time low.
Like 73.5 on the dollar index.
I think i said it would be in the 60's by mid year
... looks like i'll be right.

Traders on the floor, and at corporate trading desks being interviewed on CNBC are saying, "in the short term we are headed down, and in the long term we are headed down."

One guy was on today rambling about how "the real problem is we've been operating at unsafe levels of leverage in the financial sector. But the bigger problem is that our government has been overlevereage for quite some time. We've had 4 successive administrations, Bush, Clinton, Bush & Reagan who all thought deficits were not important. Today we are running at massively unsustainable deficits. This has no where to play out except in the dollar. The dollar is under heavy pressure and is continuing to weaken. Prices are on the rise, and the Fed is basicaly going in to this crisis attacking the dollar. Its very hard to see any light on the horizon at this point."

Thats basicaly what the guy said.


They're trying to sugar coat this by saying "we're seeing light volume today. nothing out of the ordinary." ... uh yeah you nimwits, it's fucking friday. No one wants to hold positions over the weekend. Duh!

We will probably get a pop next week when they announce for the 3rd time now that Ambac is getting a bail out, but the rally will fade fast, as we have had NOTHING but horribly bleak economic news this week and last.

GDP is bad.
Unemployment is still up.
Housing prices are down another 10%.
Sales are still flat.
New home sales are like 70% lower than last year.
Banks are getting margin calls which is BAD news.
Numerous private indicators came back 10 to 20 points below expectation.
Consumer confidence is at an 18 year low.

I mean i could go on and on.
Every day some new number that sucks asshole has come out.

IF there is an upside, most people with a brain are pretty hard pressed to find it.


???
you wanted an economic post
you got it.

cornnifer

soulsinging wrote:

remember when i was the liberal and you were the conservative?

i remember the perception . i've never been a conservative, though .

Pacomc79

yeah man it was pretty rough today. well done moving some into gold. I'm still hopeful this will turn around, but ultimately what you bolded up there is the issue. Massive fiscal irresponsibility. Layoffs everywhere.

The positive is... this is going to force some technological change. Perhaps pull back from such big hulking companies and start building, growing, buying locally.

Eventually, bills do come due.

callen

DriftingByTheStorm wrote:

The rest of it is going in to bags of silver or cash on hand. We've had 4 successive administrations, Bush, Clinton, Bush & Reagan

euros? Surely not greenbacks.....don't understand why the weak ass dollar's not scaring the shit out of people right now....wanna buy some decent stocks....catapilliar, boeing, GE.

Clinton balanced.

Pacomc79

callen wrote:

euros?

I'm going to Italy in July, you best believe I'm buying up some Euros now.

DriftingByTheStorm

Pacomc79 wrote:

I'm still hopeful this will turn around

i wish i could even be that optimistic.

What most people don't understand is it has nothing to do with the overall health of our real economy ... goods, services, workers doing good work. None of that matters for dick.
The problem is the banks.
The banks and the Federal Reserve have put us in a pickle of epic proportions.

The banks are over leveraged with money created out of thin air and lent to them, which they in turn lent irresponsibly.

Those loans were all securitized and put on the books and in turn used by the banks as capital to borrow off of themselves. But the loans are collapsing in value to such an extend that among myriad other problems this causes, the banks are physicaly coming due for margin calls.

People have no idea what the implications of this are. Today we heard a ton about it on the news because the markets are being flooded with municiple bonds which are being sold off by the hundreds of millions of dollars to help banks get back under margin caps.

Basicaly the assets on their books (lots of bad loans) are no longer worth enough to support the amount of leverage (borrowing) that the banks have incurred. Say Citibank had 50million in the securitized home loans (value as of January). As of january they had $25 million borrowed against that. That would be 50% margin. Usualy 70% is a cap (i have no idea what the banks get away with) ... now say the value of those 50 million in securitized loans drops by 40%. Suddenly the banks only have $30million on the books (not 50). But they still have $25million borrowed against it. 25mil\30mil is 83% !
But the banks are only allowed to have 70% margin. Thats a 13% descrepancy. When this happens they are literaly forced by law to sell something (not the bad loans, cause no one wants them!) of value ... so they have to get rid of the only good assets on their books, municipal bonds, to cover the difference.

This causes their captial\reserve supply to fall drasticaly.
This means their capacity for business operations falls too.
Business operations are making loans.
Making loans is what makes money in our economy.
If banks aren't making loans, the money supply is retracting.
That is called deflation, and its what the anti-gold idiots constantly argue as the reason we can't have a gold standard.

Except we are approaching stagflation at a rapid pace.

And this marin-call bullshit is just ONE problem that hte mortgage crisis is causing.

SERIOUS problems here.
Deep fundamental problems that can not be addressed in any way but for the Federal Reserve to literally continue printing money as fast as they can to provide the liquidity that the banks have foolishly lost.

Unfortunately the dollar is HURTING.
HURTING BAD.

As the government continues to bail out the economy by printing money, it will unwittingly destroy the currency and sodomize the economy it thought it was sustaining.

:(