Todays Democratic Party is dead.......
acoustic guy
Posts: 3,770
Its now over ran with Socialist.
The founding fathers are turning over in their graves as we speak. If Obama gets elected its the end of Capitalism as we know it.
Not being a part of Socialism is what makes America great. Why do you think all the people from europe want to come here.....because Socialism does not work! You pay high ass taxes and the premiums are out the ass. In that type of goverment you are limited on your achievements. America is the land of oppertunity. So a bunch of idiots tried to live above their means and buy expensive houses. So now we have to have a whole new financial restructuring? Total bullshit.
Oh and the redistribution of wealth thing????? What a motherfucker. How dare he say that to hardworking people out there who bust their ass because they want more for their families.
The founding fathers are turning over in their graves as we speak. If Obama gets elected its the end of Capitalism as we know it.
Not being a part of Socialism is what makes America great. Why do you think all the people from europe want to come here.....because Socialism does not work! You pay high ass taxes and the premiums are out the ass. In that type of goverment you are limited on your achievements. America is the land of oppertunity. So a bunch of idiots tried to live above their means and buy expensive houses. So now we have to have a whole new financial restructuring? Total bullshit.
Oh and the redistribution of wealth thing????? What a motherfucker. How dare he say that to hardworking people out there who bust their ass because they want more for their families.
Get em a Body Bag Yeeeeeaaaaa!
Sweep the Leg Johnny.
Sweep the Leg Johnny.
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You know, we probably agree on who we are voting for, but the Republican Party is pretty damn close to dead too. They got the tax cut thing down. The spending.... not so much. You can still turn into a socialist nation if you don't cut (or even raise) gov't spending. We got to take the f'ing plank out of our own eye before we start talking to others about the one in theirs.
Sweep the Leg Johnny.
because while many people are pointing at Obama shouting Socialism ... there's this ... which, they tend to forget about ...
Homeownership Resurgence Plan
John McCain will direct his Treasury Secretary to implement an American Homeownership Resurgence Plan (McCain Resurgence Plan) to keep families in their homes, avoid foreclosures, save failing neighborhoods, stabilize the housing market and attack the roots of our financial crisis. America’s families are bearing a heavy burden from falling housing prices, mortgage delinquencies, foreclosures, and a weak economy. It is important that those families who have worked hard enough to finance homeownership not have that dream crushed under the weight of the wrong mortgage. The existing debts are too large compared to the value of housing. For those that cannot make payments, mortgages must be re-structured to put losses on the books and put homeowners in manageable mortgages.
The McCain Resurgence Plan would purchase mortgages directly from homeowners and mortgage servicers, and replace them with manageable, fixed-rate mortgages that will keep families in their homes. By purchasing the existing, failing mortgages the McCain resurgence plan will eliminate uncertainty over defaults, support the value of mortgage-backed derivatives and alleviate risks that are freezing financial markets.
The McCain resurgence plan would be available to mortgage holders that:
Live in the home (primary residence only)
Can prove their creditworthiness at the time of the original loan (no falsifications and provided a down payment).
The new mortgage would be an FHA-guaranteed fixed-rate mortgage at terms manageable for the homeowner. The direct cost of this plan would be roughly $300 billion because the purchase of mortgages would relieve homeowners of “negative equity” in some homes. Funds provided by Congress in recent financial market stabilization bill can be used for this purpose; indeed by stabilizing mortgages it will likely be possible to avoid some purposes previously assumed needed in that bill.
The plan could be implemented quickly as a result of the authorities provided in the stabilization bill, the recent housing bill, and the U.S. government's conservatorship of Fannie Mae and Freddie Mac. It may be necessary for Congress to raise the overall borrowing limit.
http://www.johnmccain.com/Informing/Issues/Read.aspx?guid=b9af0d4c-9c0e-4a97-b27f-19df8cfec83d
"I don't believe in damn curses. Wake up the damn Bambino and have me face him. Maybe I'll drill him in the ass." --- Pedro Martinez
There is no lesser of two evils. Both parties are eye ball deep in it.
Europe's financial gurus, nay Britains financial smart folks, nay.. 2 Scotsmen's financial acumen may have just saved your stupid economy
trust me... all the people from Europe certainly do NOT want to go there... Australia has a higher per capita european migration rate than the US.
The republican president has grown the size and scope of federal government not to mention spending moreso than any president in history. If anything he's rolled out the red carpet for Barack Obama.
Oh and then there's that tiny trillion dollar bailout deal.
This country no longer values saving, earning or doing anything the right way... Only the quick and dirty... as long as you wave a flag and mention the bible... you're golden.
Sweep the Leg Johnny.
I gotta pick up my daughter. I will be back tomorrow.
Sweep the Leg Johnny.
actually Canada is... but considering most of us stay here then i can safely say that the vast majority do not want to emigrate to the US... they'd rather stay here.
america this and america that... Britain, a tiny island of 50 million people once ruled 1/3rd of the entire planet... The romans were probably the greatest superpower of all time... your time to fuck it up will come very soon, having been the worlds most loathed superpower for all of, hmm lets say, 100 years just to keep you happy
I will say that the McCain that ran in 2000 was promising, but that McCain is long gone. What we have now is a McCain who has bowed down to the RNC. He has flip flopped on almost every issue that distinguished him from the Neo-Cons. It pretty evident by the inner turmoil in his campaign that he really isn't even running that show.
Luckily, it's MY coutry too - and the country of many, many other people. And we're going to make sure Obama is your next President. Deal with it.
he looks like a human badger doesnt he?
It's my country and unfortunately the majority of the people are voting for one of two people who, in my opinion, will continue to drag this country down.
Oh Dunky Dunky Dunky, the fact is Europe is in deeper financial shit than the US. The US tax payers are not only bailing out the banks to help unfreeze American credit but also European credit. Read below.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3118994/Financial-Crisis-So-much-for-tirades-against-American-greed.html
Tuesday 14 October 2008 | Ambrose Evans-Pritchard feed | A
Website of the Telegraph Media Group with breaking news, sport, business, latest UK and world news. Content from the Daily Telegraph and Sunday
Home Finance Comment Ambrose Evans-PritchardFinancial Crisis: So much for tirades against American greed
Ambrose Evans-Pritchard says it is ironic that European banks have turned out to be deeper in debt than their US counterparts.
By Ambrose Evans-Pritchard
Last Updated: 8:34PM BST 05 Oct 2008
German finance minister Peer Steinbrück denounces US greed last week
It took a weekend to shatter the complacency of German finance minister Peer Steinbrück. Last Thursday he told us that the financial crisis was an "American problem", the fruit of Anglo-Saxon greed and inept regulation that would cost the United States its "superpower status". Pleas from US Treasury Secretary Hank Paulson for a joint US-European rescue plan to halt the downward spiral were rebuffed as unnecessary.
By Monday, Mr Steinbrück was having to orchestrate Germany's biggest bank bail-out, putting together a €35 billion loan package to save Hypo Real Estate. By then Europe was "staring into the abyss," he admitted. Belgium faced worse. It had to nationalise Fortis (with Dutch help), a 300-year-old bastion of Flemish finance, followed a day later by a bail-out for Dexia (with French help).
Within hours they were all trumped by Dublin. The Irish government issued a blanket guarantee of the deposits and debts of its six largest lenders in the most radical bank bail-out since the Scandinavian rescues in the early 1990s. Then France upped the ante with a €300 billion pan-European lifeboat for the banks. The drama has exposed Europe's dark secret for all to see. EU banks took on even more debt leverage than their US counterparts, despite the tirades against ''le capitalisme sauvage'' of the Anglo-Saxons.
We now know that it was French finance minister Christine Lagarde who begged Mr Paulson to save the US insurer AIG last week. AIG had written $300 billion in credit protection for European banks, admitting that it was for "regulatory capital relief rather than risk mitigation". In other words, it was underpinning a disguised extension of credit leverage. Its collapse would have set off a lending crunch across Europe as banking capital sank below water level.
It turns out that European regulators have allowed even greater use of "off-books" chicanery than the Americans. Mr Paulson may have saved Europe.
Most eyes are still on Washington, but the core danger is shifting across the Atlantic. Germany and Italy have been contracting since the spring, with France close behind. They are sliding into a deeper downturn than the US.
The interest spreads on Italian 10-year bonds have jumped to 92 points above German Bunds, a post-EMU high. These spreads are the most closely watched stress barometer for Europe's monetary union. Traders are starting to "price in" an appreciable risk that EMU will break apart.
The European Commission's top economists warned the politicians in the 1990s that the euro might not survive a crisis, at least in its current form. There is no EU treasury or debt union to back it up. The one-size-fits-all regime of interest rates caters badly to the different needs of Club Med and the German bloc.
The euro fathers did not dispute this. But they saw EMU as an instrument to force the pace of political union. They welcomed the idea of a "beneficial crisis". As ex-Commission chief Romano Prodi remarked, it would allow Brussels to break taboos and accelerate the move to a full-fledged EU economic government.
As events now unfold with vertiginous speed, we may find that it destroys the European Union instead. Spain is on the cusp of depression (I use the word to mean a systemic rupture). Unemployment has risen from 8.3 to 11.3 per cent in a year as the property market implodes. Yet the cost of borrowing (Euribor) is going up. You can imagine how the Spanish felt when German-led hawks pushed the European Central Bank into raising interest rates in July.
This may go down as the greatest monetary error of the post-war era. The ECB responded to the external shock of an oil and food spike with anti-inflation overkill, compounding the onset of an accelerating debt deflation that poses a greater danger. Has it committed the classic mistake of central banks, fighting the last war (1970s) instead of the last war but one (1930s)?
After years of acquiescence, the markets have started to ask whether the euro zone has the machinery to launch a Paulson-style rescue in a fast-moving crisis. Who has the authority to take charge? The ECB is not allowed to bail out countries under EU treaty law. The Stability Pact bans the sort of fiscal blitz that has kept America afloat. Yes, treaties can be ignored. But as we are learning, a banking system can implode in less time than it would take for EU ministers to congregate from the far corners of euroland.
France's Christine Lagarde called yesterday for an EU emergency fund. "What happens if a smaller EU country faces the threat of a bank going bankrupt? Perhaps the country doesn't have the means to save the institution. The question of a European safety net arises," she said.
The storyline is evolving much as eurosceptics predicted, yet the final chapter could end either way as the recriminations fly. Germany has already shot down the French idea. The nationalists are digging in their heels in Berlin and Madrid. We are fast approaching the moment when events decide whether Europe will bind together to save monetary union, or fracture into angry camps. Will the Teutons bail out Club Med? If not, check those serial numbers on your euro notes for the country of issue. It may start to matter.
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hmm interesting, but all i was saying was the US and the Euro countries have all followed Brown's lead on this one... of course if it fucks i'll claim it was Americas fault anyway
but aye, Europe could be in danger... especially smaller countries... i think the Scandinavian countries and Ireland might be in danger.. and seing as how Ireland rejected the Lisbon Treaty then they might not get much help from the EU
totally agree... i know about 4 or 5 people who in the past year have went to Australia or NZ... not one person i know has moved to the US... in fact my daughters schoolfriend & family moved to Canada in July of this year... thats as close as i can get?!
And, in all honesty, as someone who feels both parties have gone to shit on economic policies, having an argument over which party is more socialist after nearly a trillion dollars worth of bailouts and the McCain proposal to suck up bad homeowner loans to the tune of three hundred billion dollars is pointless.
They both look pretty socialist at the moment. Not only that, but it seems like we're only getting the shitty parts of socialism. A little health care or college money would be nice...
sorry, but your fear tactics don't work. Republicans have destroyed this country, and lost all credibility, so say all you want, but your claim above is ridiculous, and overblown, baseless, and not credible. Hope conservatives enjoy having no voice, cause the middle class ain't listening.
Stop by:
http://www.facebook.com/group.php?gid=14678777351&ref=mf
But what if they decide to do the same?
Or leave the country?
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
Second of all, this is directed to you, acousticguy: just give it the fuck up already. You leap at every chance you get to display your idiocy and you reek of ignorance. Just give it up. You're embarrassing yourself.
Well to be honest the US and Europe need each other to dig out of this mess. It's not in the best interest of the US or Europe for either side of the Atlantic to crash financially because it will devastate the other.
Hmm so Ireland will be punished for rejecting the Lisbon Treaty? That's how the EU deals with countries that don't agree with everything?
I didn't agree with the bailout but the more I read about it, the more I understand why it was needed I guess. It still sounds a little too much like corporate welfare to me though.
McCain voted with Bush 90% of the time, and yet he's so different from the Bush Administration? You think he's going to get us out of this mess?? He's the one who helped get us into this mess by being a kiss ass Bush toady. Oh, wait, he's a maverick. Yeah, rite.
"Some of my friends sit around every evening and they worry about the times ahead,
But everybody else is overwhelmed by indifference and the promise of an early bed..."-- Elvis Costello
Its simple. Lockheed. The US gov't gives them billions of tax payer dollars to develop a product (grants). Once the product is developed they give them billions in tax payer dollars to manufacture that product. And then of course they buy that product, again with tax dollars. Absolutley NO risk from the company, abolutely noneed for any capitalist principles, they have a guaranteed market for a product they don't even have to pay to develop or produce. Pure socialism, although they do see benefits from the exchange, they get to reap the profits.
Government has turned into a corporate welfare institution, there to guarantee corporate profit. Capitalism is long gone.
Almost nothing in your post is true, almost everything in your post is contradictory, you seem to be unable to grasp the full scope of the current problem, and you are very uninformed as to what Obama's economic plan actually entails.
OH WAIT! Those were republicans. damn.
wow, wrong on almost every count.
fine, vote for for the Crypt Keeper and caribou barbie and brace for impact!