VP candidate forsee's "another great depression"

Mack12345 · Tar Sands Joined: Jun 02, 2008 Posts: 78

The concept of another great depression just went mainstream: link

ohcomeon · Heavy Crude Joined: Jun 10, 2006 Posts: 140 Location: USA

Yep. Just like 3 months ago when Bernanke said the subprime mess was "contained", probably in 3 months the phrase "great depression" will be a common one in the media... unless the bailout is able to stave off the inevitable for a short time. I personally doubt it...

Delphis

There should be a talking head soundbyte meter... when a phrase is mentioned on Fox, CNBC, MSNBC, etc. more than so many times..an alarm goes off and we know we are being lied to?

Examples include but are not limited to:
War on Terror
Al Queda
Osama Bin Laden
Terrorist
Bailout
Financial Crisis
Subprime Meltdown

To name a few...
Cheers!
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"Two things are infinite: the universe and human stupidity; and I'm not sure about the universe."....Albert Einstein

WyoDutch

Sarah Palin said that, eh?

Well, I value her opinion as much as I do that of PeeWee Herman.

ProudFossil · Heavy Crude Joined: May 26, 2008 Posts: 101

allmeyer

The media is starting to overdramatize it because they think that they might not get their money. If enough people call them and tell them not to pass it they'll all start to freak out. They are listening to the polls and your calls and they know that America is watching their every move. Everybody that I work with is talking about it and if they're not, then I am informing them about it and sending them emails with congressmen's contacts.

Colorado-Valley · Intermediate Crude Joined: Aug 16, 2004 Posts: 733

Why would anybody in their right mind give those crooked banks even one penny?

I'd be issuing indictments.

RedStateGreen

It's going to happen whether they do this bail out or not. Now they can blame someone else: "oh, if only you had let us do the bailout, we wouldn't be in this mess".

Of course, when we do bail the banks out and it happens anyway, there'll be someone else to blame. Rolling Eyes

_________________
Conservation is conservative

It is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change. -- Charles Darwin

TreeFarmer · Heavy Crude Joined: Jun 26, 2007 Posts: 352

Here's what seems to have happened in the earlier bailouts.

1. Government pretty much wipes out existing shareholders, so the shareholders are now losers.
2. The Government takes on a $hitload of debt, so now the taxpayers are losers.
3. Most of the current management gets to stay in place, so the people who were in charge of this screwup get to keep on keeping on.

Somehow for some reason I'm against this bailout. The winners are losing and the losers are winning.

TF

Tanada

vision-master

mos6507

There are no good options. We were screwed the moment the housing bubble hit its zenith. Pick your poison.
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Ferretlover

What is it with Lil Bushie and certain letters of the alphabet? Was he scared by them as a child?
Weapons of Mass Destruction.
WallStreet Melt Down.
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"RRrrruuuunnnn!!!" ~Apocalypto