drsmooth wrote:
Tom Friedman weighs in on the bailout today. This may be the only part he got right:I always said to myself: Our government is so broken that it can only work in response to a huge crisis. But now we’ve had a huge crisis, and the system still doesn’t seem to work. Our leaders, Republicans and Democrats, have gotten so out of practice of working together that even in the face of this system-threatening meltdown they could not agree on a rescue package, as if they lived on Mars and were just visiting us for the week, with no stake in the outcome.
TenuredVulture wrote:But this bailout thing is different. I believe, if the bailout is successful, and followed by bailouts of the big 3 and the airlines, we're going to find ourselves in a nation very much like pre-Thatcher Britain.
gr wrote:on competency, she ran a successful statewide campaign and currently has a 80% job approval rating in her state.
Hewitt: Governor, your candidacy has ignited extreme hostility, even some hatred on the left and in some parts of the media. Are you surprised? And what do you attribute this reaction to?
Palin: Oh, I think they're just not used to someone coming in from the outside saying you know what? It's time that normal Joe six-pack American is finally represented in the position of vice presidency, and I think that that's kind of taken some people off guard, and they're out of sorts, and they're ticked off about it.
SarPal wrote:It's time that normal Joe six-pack American is finally represented in the position of vice presidency
seke2 wrote:i saw something on spike TV last night...i don't know if it was a real political commercial or not, but it seemed to be for some guy who was talking about being 6 feet tall standing on a milk crate and supersizing his value meal. and watching football. or something.
i didn't really catch it with full attention so i'm not sure...was that real, or was it just spike spoofing political ads?
Woody wrote:Yesterday I heard Sean Hannity refer to Fox News as an alternative media outlet
TenuredVulture wrote:[youtube]http://www.youtube.com/watch?v=KTkqosRiyYo[/youtube]
Counting, Fox style!
"I have quite a few people who are giving us information about the record of Obama and Biden, and at the end of the day, though, it is — it's so clear, again, what those choices are. Either new ideas, new energy and reform of Washington, D.C., or more of the same," Palin said.
Philly the Kid wrote:The banks need capital and stabilization. I find it very peculiar this un-easy alliance of far right and far left. I being far left, would like to see any new directions involve TOTAL TRANSPARENCY, tight regulations and rules and independent entities monitoring.
seke2 wrote:Some new polls out today...
Quinnipiac has Obama +8 in FL, +8 in OH, and +15 in PA
Insider Advantage has Obama +6 in VA and +2 in OH
Woah.
538 is currently projecting 336-202 electoral vote, 51.4%-47% popular vote, and a 85.4% win percentage for Obama. The 538 map basically has PA, OH, and FL blue, and now the battlegrounds are Missouri, Indiana, and North Carolina. If even a small fraction of this is reality, Obama will have to make a huge mistake to lose this thing.
This is a credit crisis. It’s all about confidence. What you can’t see is how bank A will no longer lend to good company B or mortgage company C. Because no one is sure the other guy’s assets and collateral are worth anything, which is why the government needs to come in and put a floor under them. Otherwise, the system will be choked of credit, like a body being choked of oxygen and turning blue.
Well, you say, “I don’t own any stocks — let those greedy monsters on Wall Street suffer.” You may not own any stocks, but your pension fund owned some Lehman Brothers commercial paper and your regional bank held subprime mortgage bonds, which is why you were able refinance your house two years ago. And your local airport was insured by A.I.G., and your local municipality sold municipal bonds on Wall Street to finance your street’s new sewer system, and your local car company depended on the credit markets to finance your auto loan — and now that the credit market has dried up, Wachovia bank went bust and your neighbor lost her secretarial job there.
We’re all connected. As others have pointed out, you can’t save Main Street and punish Wall Street anymore than you can be in a rowboat with someone you hate and think that the leak in the bottom of the boat at his end is not going to sink you, too. The world really is flat. We’re all connected. “Decoupling” is pure fantasy.