Economic News/Discussion

[BWM]

My three stocks are taking a substantial hit.

I guess that makes me a fugin capitolist pig.

Bull shit... I care a whole lot more about what sick capitolism means to the country than my miniscule investments.

But I do believe that ANYTHING the senate and/or house comes up with is going to be a disaster in the long run. The senate's version in particular, with bull-shit pork tacked on, indicates that NO ONE in washingtom is learning a god damn thing from this shit. Fork them and their pathetic self-centered interests. Screw washington as a whole!!!!!!!!!!!1

[3dfxrain]

By constant self-discipline and self-control you can develop greatness of character.
~ Grenville Kleiser

[jimzinsocal]

http://www.latimes.com/business/la-f...tory?track=rss

[AeroSim]

http://www.latimes.com/business/la-f...tory?track=rss

Arizona made some serious blunders in overestimating its income based on growth projections and is having to deal with the shortfall now. This is a problem when you depend on economic trends and patterns. Arnie is counting on Christmas to pay off his ST, but that could hurt if there is a dissappointing season. Hopefully he doesn't get caught.

If there is one thing everyone should know about economics- there is no such thing as a straight line and there is such a thing as market saturation- if not reversal. Pity politicians that tend to see what they want to.

[jimzinsocal]

Now its Wells Fargo in the deal with Wachovia

http://money.cnn.com/2008/10/03/news...ion=2008100307

[jimzinsocal]

Spoiled child reacts to House passage of the 850 billion pacifier

10,490.73 +7.88 / +0.08%

[AeroSim]

House passes bailout 263-171

Link provides votes by name.

My congressman voted no.

The brat got the pacifier, but who is the sucker?

[jimzinsocal]

All of us. Remind me later. I worked out a method to solve the owner occupied mortgage mess. If I had enough people working for me? Or was President? I could work out all those mortgages in two weeks.
Assuming the people wanted a workout....and are still in the homes.
I actually designed a questionaire for the people involved that is direct...uncomplicated...yes or no answers...two month grace period etc.

Of course it would require me [as President] to turn IRS agents into loan negotiators following my plan.
Glad Im reality based huh?

[Orangutan]

Oh, goodie.

http://www.cnn.com/2008/POLITICS/10/...oan/index.html

(CNN) -- California may need a $7 billion emergency loan from the federal government to pay for "teachers' salaries, nursing homes, law enforcement and every other state-funded service" this month, Gov. Arnold Schwarzenegger warns.

Schwarzenegger gave the warning in a letter sent Thursday to U.S. Treasury Secretary Henry Paulson.

The letter, published in Friday's Los Angeles Times, was written on the eve of an expected vote in the U.S. House on the federal bailout of the financial system.

"The federal rescue package is not a bailout of Wall Street tycoons -- it is a lifeboat for millions of Americans whose life savings, businesses, retirement plans and jobs are at stake," Schwarzenegger said.

California State Treasurer Bill Lockyer issued a statement a day earlier saying because of the national financial crisis, California "has been locked out of credit markets for the past 10 days."

"Absent a clear resolution to this financial crisis that restores confidence and liquidity to the credit markets, California and other states may be unable to obtain the necessary level of financing to maintain government operations and may be forced to turn to the federal Treasury for short-term financing," Schwarzenegger wrote...

[jimzinsocal]

When the Gravy Train starts rolling? Amazing how many stops are added....^^

[jimzinsocal]

I was just looking. From the House passage till close? Dow down about 400.

What I want to see is the exact breakdown of all assets purchased.
Beginning right now.

[Dutchcedar]

Enmore, I see an opportunity.

Consulting on the transition to socialism.

[BWM]

Oh, goodie.

http://www.cnn.com/2008/POLITICS/10/...oan/index.html

God I love it. Seeing the incredibly STUPID state I was born and raised in shit on itself. Calif damn well deserves it. It is a shining example of what the extreme far left (chaos party) really is. Politics makes me friking sick.

[jimzinsocal]

http://www.youtube.com/watch?v=exxVZ...nalreview.com/

[BWM]

http://www.youtube.com/watch?v=exxVZ...nalreview.com/

Brilliant. And fork barney frank....