Politics
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- TheBlueOne0
"A panel of the National Bureau of Economic Research says the U.S. economy fell into a recession last year.
The NBER says its group of academic economists who determine business cycles met and decided that the U.S. recession began in December 2007."
There. It's fucking official.
- Show me two quarters of negative GDP then.********
- GDP growth**********
- Aren't you banned...TheBlueOne
- Show me two quarters of negative GDP then.
- ********0
Is this old news?
http://news.bbc.co.uk/1/hi/world…
- TheBlueOne0
"The working assumption of the "Great Boom" is – or was – that we live in a benign era where most societies are converging towards some form of market liberalism; where trade and capital flows are unrestricted; where governments have enough legitimacy to keep order by light touch; where a major war is unthinkable.
This illusion is now being tested."
- TheBlueOne0
An argument in favor of a Big Three bailout:
"...the automakers are essential for closing the trade deficit, and their demise could bring another surge in imports. The automakers are also the backbone of American manufacturing, driving advances in manufacturing technology that will be needed if America is to be a world leader in the coming “green” transportation revolution. Additionally, the Big Three are vital to national security, supplying important military transportation assets. Lastly, bankruptcy will impose massive costs on the government’s Pension Benefit Guaranty Corporation (PBGC), potentially undermining its financial stability....
[The Big Three are already "huge debtors"] whose liabilities are held throughout the financial system. If they go bankrupt, the insurance industry, which is likely a large holder of these debts may quickly enter a spiral of collapse. Pension funds will also be hit, imposing further costs on corporations and households at a time when they are already financially stressed."
- Against bailing out financials,
but
In favor of bailing out the big 3?********
- Against bailing out financials,
- ********0
Show me two consecutive quarters of negative GDP growth then, TBO. Otherwise, it is not a recession.
- Get off the crack! Crack is whack!********
- i know MarketMaker, who is the National Bureau of Economic Research to define what a recession is anyway?robco
- Let's see...recession since December 2007..how many quarters in that time frame numbnuts. Bullet to the headTheBlueOne
- Get off the crack! Crack is whack!
- ukit0
Bush apologizes for his presidency...
President Bush let it all out today during an interview with ABC News' Charlie Gibson. Bush delivered a mea culpa on Iraq, the economic crisis and the 2008 election outcome for Republicans.
Looking back on his eight years in the White House, President George W. Bush said he was "unprepared" for war and pinpointed incorrect intelligence that Iraqi President Saddam Hussein had weapons of mass destruction as "biggest regret of all the presidency."
"I didn't campaign and say, 'Please vote for me, I'll be able to handle an attack,'" he said. "In other words, I didn't anticipate war. Presidents -- one of the things about the modern presidency is that the unexpected will happen."
President George W. Bush expressed remorse that the global financial crisis has cost jobs and harmed retirement accounts and said he'll back more government intervention if needed to ease the recession.
"I'm sorry it's happening, of course," Bush said in a wide-ranging interview with ABC's "World News," which was airing Monday.
- ukit0
Interview here ---> http://www.huffingtonpost.com/20…
- joeth0
Newsweek interview with Al Gore on the auto bailout, carbon taxes, clean coal and the dangers of illusion....
THE FUTURE OF ENERGY
Don’t Count On Magic
http://www.newsweek.com/id/17125…
- ukit0
Senator Bill Clinton?
- ********0
Where's that recession again?
This chart is from the BEA, by the way.
- READ THE FUCKING HEADLINE ASSHOLE:
http://news.yahoo.co…TheBlueOne - I fucking detest you.TheBlueOne
- Some private organization decides to change the metrics we use to measure recessions?********
- IT"S THE FUCKING BEA!!TheBlueOne
- READ THE FUCKING HEADLINE ASSHOLE:
- ukit0
(Reuters) - The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said.
The credit card is the second key source of consumer liquidity, the first being jobs, the Oppenheimer & Co analyst noted.
"In other words, we expect available consumer liquidity in the form of credit-card lines to decline by 45 percent."
- ********0
Recession definition, as per the BEA website:
'the often-cited identification of a recession with two consecutive quarters of negative GDP growth"
- ********0
NY Times’ Politically Correct Coverage of Mumbai Massacre
http://boycottnyt.com/ny-times-p…In a series of six alleged “news” stories on the Mumbai massacre, from November 27 to December 1, The New York Times (America’s newspaper which sounds like a broken record) refused to call the terrorists Muslims or Islamic extremists.
- ********0
TIME Magazine Writer Decries “Extreme” Pro-Obama Bias, Cites New York Times
http://boycottnyt.com/time-magaz…Mark Halperin is hardly what you’d call a conservative media critic and TIME magazine is about as mainstream as you can get. But at a Politico/USC conference last week, Halperin - who maintains TIME’s political site “The Page” - castigated his colleagues for “extreme pro-Obama coverage” in the past campaign and singled out two New York Times stories as prime examples.
- I'm surprised Halperin came out and said that. Wow, interesting...********
- I'm surprised Halperin came out and said that. Wow, interesting...
- BonSeff0
maybe instead of pointing the finger at media bias, why not consider the GOP failed to produce a candidate with any real substance.
- or maybe they realized they had it lost due to the frequency of election results. Comspiracy?********
- And threw in the towel, when they realized any mainstream Democrat would have won, Obama, Clinton or Edwards.********
- nah- i'm pretty sure it was the formerBonSeff
- face it- your party is completely out of touchBonSeff
- The same could have been said of the Dems at the end of Clinton's regime. Face it, it's cyclical.********
- the presidency was RIPPED from Gore- WTF are you thinkingBonSeff
- Not at all. A win is a win. I voted for Clinton BTW.********
- or maybe they realized they had it lost due to the frequency of election results. Comspiracy?
- lowimpakt0
where has the politics gone?
- ********0
BO and the Hiss Denier
http://www.aim.org/aim-column/ba…
“The United Nations was, in major part, America’s creation,” declared Susan Rice, President-elect Obama’s nominee as U.S. Ambassador to the United Nations at a news conference on Monday. This is true if you consider a communist and Soviet agent, U.N. founder Alger Hiss, to be truly “American.”
- Khurram0
Anyone know what happened to that "Busted" thread?
You know when we mocked JazX into leaving out of embarassed for posting pictures of anonymous girls he used to pretend to have sex with???
I think it can do with another bump..
If not, do you have the pictures? I would like to see...
- Please do! I miss her so...
(__|__)******** - there's a few more hotties, that I've sleeped with since then too!********
- i bet you have, playa...Khurram
- it's all in the works********
- Please do! I miss her so...
