Open Thread . Oil Plunges Another $10 as Bailout is Rejected. 20% Plunge in Past Week

Here in the US southeast we don’t have any gas. Seriously. Stations are completely dry all over Atlanta and through the I-85 corridor.

National GW/Battleground Tracking Obama 46, McCain 48 McCain +2

In the 2004 presidential election, the GW-Battleground Poll had the distinction of being the most accurate national poll predicting the presidential election outcome. Initiated in June 1991, the GW-Battleground Polls have gained widespread recognition as reliable, leading indicators of national opinions and voters’ intentions. The national polling program is unique to the industry because it offers the distinct perspective of two top pollsters from different sides of the political aisle.

The George Washington University is the sponsor of the GW-Battleground Poll. GW’s role in the poll is guided by the university’s Graduate School of Political Management. The university was recognized as having some of the most politically active students in the nation in the 2009 Princeton Review.

http://www.gwu.edu/~media/pressrelease.cfm?event_id=14408

TOKYO — The historic carnage on Wall Street reverberated across Asia Tuesday, with stock markets in the region plunging after U.S. lawmakers rejected a US$700 billion bank rescue plan aimed at stabilizing the U.S. financial system.

All major Asian stock markets in the region tumbled across the board, succumbing to heightened fears of a broader global financial crisis.

Japan’s benchmark Nikkei 225 index nose-dived more than 544 points, or 4.6 percent, to 11,199.07, with popular stocks like Sony Corp. down 6.8 percent and Toyota Motor Corp. down 4.6 percent.

In Hong Kong, the Hang Seng index sank 3.6 percent. Markets in Australia, South Korea and the Philippines were also down sharply.

http://www.foxnews.com/story/0,2933,430381,00.html

Heck, if this keeps up gas may be $3/per gallon again. I think Trump and Newt are right. No need to rush to do anything in panic.

Last weekend there were plenty of tourists downtown carrying shopping bags so I don’t know…Of course, who knows maybe those bags had tee shirts in them rather than $$$$ goods. During downturns, we usually do have tourist activity because of our proximity to the SF Bay and Silicon Valley and when they can’t go to Europe, they come to quaint Carmel to use the town itself for entertainment. Disneyland-by-the-Sea. That’s when you see them on the park benches or at the beach sharing a Deli sandwich and the restaurants empty. I’ll venture out tomorrow and ask the merchants it they’re getting any sales.

This is just unreal. April 28 2008 interview with Fox

OBAMA: Well, I think there are a whole host of areas where Republicans in some cases may have a better idea.

WALLACE: Such as?

OBAMA: Well, on issues of regulation. I think that back in the ’60s and ’70s a lot of the way we regulated industry was top-down command and control, we’re going to tell businesses exactly how to do things.

And you know, I think that the Republican Party and people who thought about the markets came up with the notion that, “You know what? If you simply set some guidelines, some rules and incentives, for businesses – let them figure out how they’re going to, for example, reduce pollution,” and a cap and trade system, for example is a smarter way of doing it, controlling pollution, than dictating every single rule that a company has to abide by, which creates a lot of bureaucracy and red tape and oftentimes is less efficient.

Yeah, make pollution control voluntary. What an idiot.

Anybody hear Trump today…

Oil may drop to $20 a barrel if we have no bailout.

UW,

The talks were not bi-partisan. Pelosi stuck a shiv in the Republicans and the Republicans told her FU.

If the Bill was going to pass all that was needed was 12 more Democrats. So why didn’t Obie talk to JJ Jr. and Bobby Rush? That is two.

JJ Jr. is on his campaign team.

another few days without the bailout, and you got free gas. Gore wouldnt like that too much.

WOOOOOT!!!! 2 Dollars a Gallon Unleaded HERE WE COME!!!!

I might get another Jeep Wrangler after all and go offroading and run over a few saplings in honor of the Democratic Parties Ethenasia of its integrity and Beliefs and the presidential run of the best candidate we ever had!

In Memory of the Hillary Clinton Campaign, I WILL NOT be planting any acorns.

Anyone want to loan me a few carbon credits?

Sauds got a lot of money in the deal. Rezko was buying real estate here, a lot of foreign capital.

The 2nd largest cotton gin in North America is foreign owned.

They were trying to ease the shock as a favor to Bushco. Cheney will have his hand up Bush’s ass telling him what to say in the morning.

Expect him to declare emergency powers. At least that what he did today or tonight with a signing statement. Congress should have kept the House running session all night. That would mess up his ability to go through some after hours appointments.

LA Times: Bush the arrogant

As the Bush administration attempts to stabilize the nation’s economy, we are witness to the final chapter of a period of perverse and dishonest leadership that has used its own crises to justify the expansion of its own power. This was a president who came to office on promises of modesty — who championed a “humble nation,” scorned nation building and promised a more limited role for government in the lives of its citizens. Then he presided over a six-year attempt to tear down and rebuild the nations of Afghanistan and Iraq, and now has embarked on the most profound expansion of the federal government’s role in the private economy since the Depression.

In both cases, the pattern is the same. Ineptitude led to crisis; crisis then became the argument for the radical expansion of executive power. The administration insisted that it exercise its new authority with a minimum of scrutiny by Congress, the courts or the public.

In the so-called war on terror, that has meant the abdication of our most basic American principles. We have forfeited privacy and honor — the administration has monitored phones and e-mails without warrants and has secreted prisoners in foreign lands, arguing that they deserved none of our protections even while in our custody. As a nation, we have stooped to torture (while debating the meaning of the word) and refused to recognize one of our most basic Anglo-American notions, the principle of habeas corpus (thankfully, the Supreme Court, seven of whose members are Republicans, drew the line at that abomination). We have held prisoners in detention without trial, without charge, without end. In so doing, we have antagonized the world and debased America’s moral authority to lead.

The same administration responsible for these catastrophes has over the last month nationalized the largest source of funding for mortgages and the largest insurance company on the planet. And it proposed to intervene even more dramatically in the nation’s economy by having the Treasury Department — with no court, congressional or public oversight — relieve financial institutions of the troubled mortgages and related securities that have locked up the lending system.

Hitler youth…….obama youth. for the 2 mins, its boring but relevant. the next 2 minutes you get to see something disturbing.

http://www.youtube.com/watch?v=u6_eIQQpDGQ

OBAMA/BIDEN 2008

Does anybody understand why oil prices are dropping? Has the lack of available credit somehow impacted speculation or something? It’s hard to believe demand has fallen off so quickly, especially since supplies have been disrupted by the hurricanes.

Did you notice that Obama now admits that he was a Kenyan citizen until he was 21? It’s on factcheck.org. He still claims to have been born in Hawaii, but his father made him a Kenyan citizen by virtue of being a Kenyan.

Hmmmmm. One step closer to the October surprise?

Looks like the the pakistani president got bit by the Palin bug…..lol

The leader of the infamous Lal Masjid in Lahore, Pakistan has issued a ‘fatwa’ against Pakistan President Asif Ali Zardari for publicly making indecent gestures towards the American Republican vice presidential candidate Sarah Palin. The clerics have dubbed this act as ‘un-Islamic’ and said that Zardari has shamed the nation. The prayer leader of Lal Masjid — Maulana Abdul Ghafar, clearly said that Zardari’s flirtatious remarks to a non-Muslim lady is not only un-Islamic but also unbecoming of a head of state of a Muslim country.

He added that Zardari’s body language towards Palin and his deep desire to hug her was shameful for the entire nation. During his meeting with Palin in New York on the sidelines of the UN General Assembly, Zardari called her “gorgeous” and said “now I know why the whole of America is crazy about you”.

And when Zardari was asked to keep shaking hands with Palin for the cameras, he said, “If he’s (the aide) insisting, I might hug.”

This recent offhand compliment to US vice-presidential hopeful Sarah Palin created quite a flutter not only in the real world but also in the virtual world.

Rezko is talking to Federal Prosecutors, looking for leniency in exchange for information…

****BREAKING NEWS**** via Texas Darlin
Open the top link first

http://texasdarlin.wordpress.com/

http://laotze.blogspot.com/2008/09/obama-throwing-papau-under-bus.html

http://www.guardian.co.uk/commentisfree/2006/nov/30/genocideinwestpapua

Donald Trump was interviewed on Fox News today and explained that if this “bail out” doesn’t happen, we will see crude oil prices drop as low as $25.00 a barrel….He also noted that as soon as the “bail out” is pushed through we will see the price soar right back up to where it was before this fiasco sham began

Bail Out Main Street.

It’s not surprising and what they are not reporting is before the bail out vote the market was down 300 pts. That is because of the Europe bank failures and Wachovia. So, trying to sell this bail out as actually going to turn everything rosy is a joke. Many are saying it will not work and almost all say it’s a bad plan.

Both candidates are failing badly, the real problem is McCain has absurd trade, economic positions that completely deny what’s happening on main street and do not put U.S. citizens/workers first. Not that Obama does either but he sounds better.

You know who saw this financial crisis coming and had plans all in place, vetted? Hillary Clinton.

The more I look at nancy pelosis and other members of the house and senate the more i realize the little bastards are purposely causing this crisis, inorder to frighten people, and sour them on the republicans. When you see her on national televison with her party members behind her telling american people it is the republicans fault and that hey refuse to cooperate. A light bulb goes off in your head. And one of the reasons I think obama is not in washington is because he does not want to be around if their plans cause a bust in market. He can claim he’s removed from it, and fane innocence. nancy will fall on her sword cause she won’t have a choice, if republicans want to fix this they need to find proof the democrats created this crisis and are now trying to act morally superior to get votes. if they do not, they won’t need a november suprise, americans will blame repubilcans and obama and friends will be there to save the day and reap the gratitude.

Isn’t it obvious? Bailouts are the price we pay for tax cuts.

The Horror Story of Obama’s Fans–a weird clip:
http://www.youtube.com/watch?v=-GCNfc4tsug

Good news, oil is down ten bucks?

Finally, we get to take that long postponed vacation in the repossessed family car.

Life is good.

gas prices at pomps didnt change at all, so were are those candidates for President??? whythey dont demend to get gas prices down???
Were is Obama, who is cashing a big time from Oli cooks, and were is McCain who should keep His words”America First”, we are AMERICA!!!! Gas prices must be way under 3 dollars, sine OIL went 1/3 down!!!