In the Bay Area these three could have helped turn the tide but did not:
Pete Stark
Barbara Lee
Lynn Woolsey

All liberal fucking Democrats, consumed, I wager, by the same pique and spite that have nearly driven No Quarter’s so-called feminist liberal Democrats into the arms of the Taliban.

Not to mention the ranks of the Faux Femminists here who have joined the Taliban.

Tim Leary died for your sins.

Pssst……..

Your shoe is ringing.

Eisenhower is not considered to be one of our more quotable chief executives.

However, there is one quote which is (very) loosely attributed to him, a play off Kipling, that is so very apropos in your situation.

“If you can keep your head when all those around you are losing theirs.

Perhaps you just don’t understand the situation.”

Wakey, wakey, bright spark.

The market, that fount of all capitalist reason, yesterday sent a 1.2 Trillion (i.e., 171% of $700B, for the math-challanged) estimate of what was at stake. The bounceback is homing in on the $700B figure. (It shows how the system can work if there is sufficient transparancy, a point ruefully wasted on you True Believers)

Now is the perfect time to review “The Commanding Heights” and wallow in Schadenfreude.

“Since you like giving away your money, can I have some? Buy me a house, asshole.”

No, thank you. After watching you reactionary troglodytes put round after round through your foot, I cherish the thought of you living under bridges when cardboard is unavailable.

He asked her to run with him because she is a reformer.

ABC should be fined for their horrendously biased treatment of the news. Charles Gibson has lost all of my respect after his creative editing and patriarchal treatment of Sarah Palin in his interview.

Thanks for bringing this up, New Hampster. I always knew the media had some bias, but I feel that the media has crossed ethical bounds with their bias this year, and it is intolerable. It is so bad that I think that Americans should file a class action suit against these media outlets. They certainly need to be fined for misleading reports and violating the public’s trust.

Obama has claimed to be close to Paulson and talking with him over the last few weeks, next, the treasury money starts to dry up and viola, the teetering credit driven economy is on the brink of collapse.

This whole mess stinks, and has been ignored by Paulson and Bernanke… look at the timing of the fall, it could have happened last year.

There have been warnings, even about the way consumers have been behaving.

From August 2007… Interview with James Scurlock, maker of the documentary “Maxed Out”

http://www.washingtonpost.com/wp-dyn/content/article/2007/08/15/AR2007081501921_pf.html

How do you think the crisis is being handled in Washington?

I think it’s been exacerbated by people like [Federal Reserve Chairman] Ben Bernanke and [Treasury Secretary] Henry Paulson and others coming out and saying, “Oh, subprime isn’t contagious” . . . as if subprime borrowers were like lepers confined to some colony on an island and couldn’t swim over and infect the rest of us. . . . Now that it has spread, the party line is “The economy’s strong and we’ll power through this.” But the only way you power through a crisis in our economy is by making sure people keep spending. And the news this week from Wal-Mart and Home Depot is that people are starting to pull back. If you use your common sense, clearly if someone has been using their home equity to pay for their credit card bills, and refinancing and refinancing and refinancing to pay their bills, if they can’t refinance anymore, they can’t spend anymore. So lo and behold, Home Depot says people won’t be remodeling their kitchens. The myth of the house increasing in value every year as some kind of birthright is now being shattered, and people are realizing that maybe a Sub-Zero refrigerator isn’t an investment; maybe it’s just another expense.

What’s next?

I don’t claim to predict the future, but if you ask me to hazard a guess, the default rate for mortgages is now higher than the default rate for credit cards by quite a bit. So people are giving up their homes rather than lose their credit cards. It’s a really interesting phenomenon, because the assumption was always that people would do anything to save the house. . . . But who do the banks have to blame for that [phenomenon]? All of their marketing now is “Use your credit card to pay for groceries, prescription drugs, taxes and everything else.” It’s a huge paradigm shift.

Are credit cards the next shoe to drop?

Without question. One of the big problems, maybe the big problem, is that the financial services industry has redefined cash as credit. They have spent billions and billions and billions of dollars teaching people that a credit card is the same as cash, that home equity is the same as cash. And of course, it’s not true. . . . And people have used their credit cards as their emergency fund instead of saving. People forget that credit is not something you own. It can be taken away at any time, the terms and conditions can be changed at any time, the costs can be increased at any time. That’s what companies like the Countrywide Financials and the American Home Mortgages are learning. But I think consumers are about to learn that lesson as well.

Since you like giving away your money, can I have some? Buy me a house, asshole.