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Aviation Pro Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 09:53 PM
Original message
Let me get this straight....
...the dollar is diving into the toilet; Bear Stearns was bailed out today by JP Morgan at $2.00/share; the overseas markets are plunging; and the Fed ordered an emergency cut on a Sunday and will probably make another cut this week (and that's after trying to pump some life into the economy with 200B earlier this week).

And President Insane thinks three tanks of gas will solve the economy's woes?

Do I have that about right?

Madam Speaker will you please let Chairman Conyers start impeachment proceedings against this delusional psychotic and his side-kick puppetmaster Shitstain Shoots-Guy-In-Face?
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Warren Stupidity Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 09:54 PM
Response to Original message
1. A sunday rate cut is a first and is freaking me out.
I generally don't get too involved. Now I'm starting to get worried.
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beezlebum Donating Member (927 posts) Send PM | Profile | Ignore Sun Mar-16-08 10:05 PM
Response to Reply #1
12. i don't follow much
but i always pay attention. i truly never believed i'd see gas hit $4 a gallon, and when it did, and * chuckled and pretended that was just a rumor, i figured it was on its way. economics is not my strongest subject, but evidently, we're in for a shock, and the sunday cut caught my eye as well.
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unblock Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:10 PM
Response to Reply #1
16. the rate cut was undoubtedly a part of the jpmorgan/bear stearns deal
why else would the lower the discount rate 0.25% when they're meeting on tuesday and all bets are for a 0.75% or 1.00% cut in the fed funds rate? in and of itself, a 0.25% cut over the weekend is a joke.

it ONLY makes sense if they let bear borrow at the new, lower rate. my guess is that, at the last fed meeting, they gave bernanke the authority for a 0.25% cut in between meetings; any more would require a full meeting that couldn't be arranged over the weekend.
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Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 09:55 PM
Response to Original message
2. If we took the 19% who still approved of Bush and rendered them into kerosene...
... how far would that go toward reducing our dependence on foreign oil?
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madokie Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:05 PM
Response to Reply #2
13. Oh but have you ever smelled how bad a kerosene stove smells
Edited on Sun Mar-16-08 10:05 PM by madokie
I'm not sure they'd be good fertilizer either. The only thing I can think they might be good for is maybe send their asses to Iraqi'stan. Nope they'd shit their pants and wind up just smelling those places up like they do here too. What to do, what to do
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Aviation Pro Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:18 PM
Response to Reply #2
17. By tomorrow afternoon....
...the 19% will be down to the extended Bush family and Shitstain.
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peace13 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 09:55 PM
Response to Original message
3. At least we know what Shooter is doing in the ME.
Getting his finances all tucked away!
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 09:56 PM
Response to Original message
4. They are pooping in their pants at the Fed.
That should worry us all.
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MercutioATC Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 09:56 PM
Response to Original message
5. Dry goods and ammunition......I've been trying to tell you people for months...
..doesn't seem so silly now,does it?
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Aviation Pro Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 09:57 PM
Original message
Got 'em....
...and an E & E plan.
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kath Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 12:02 AM
Response to Original message
20. "E & E plan"?? Enlighten me, please.
Evacuation and ___?
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Aviation Pro Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 06:14 AM
Response to Reply #20
23. Escape and Evade...
...
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wtmusic Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:00 PM
Response to Reply #5
9. Yeah, it does. nt
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MercutioATC Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 11:58 PM
Response to Reply #9
19. Nero fiddled....
Best of luck to you...
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Mojorabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:00 PM
Response to Reply #5
10. Set here too
for a year if I stretch it. I wish my mortgage was paid off though.
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IndependentDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 09:57 PM
Response to Original message
6. but what about Clinton vs Obama... get your priorities straight!
:sarcasm:
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Aviation Pro Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 09:59 PM
Response to Reply #6
8. For the sake of the country....
...one of them should drop out. I don't care which one, but I'm not holding my breath waiting for our two egomaniacs.
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IndependentDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:05 PM
Response to Reply #8
11. agree completely-- you did see the sarcasm smilie... right?
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Aviation Pro Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:07 PM
Response to Reply #11
14. Yeah, I did....
...I was adding my 2 cents, 1 cent, wooden nickel worth.
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IndependentDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:09 PM
Response to Reply #14
15. cool...
just wanted to make sure you didnt think i was some crazy lunatic that thought the clinton/obama battle is more important than what should be all over the news...
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democrank Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 09:59 PM
Response to Original message
7. K & R
Delusional psychotic, indeed.
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:19 PM
Response to Original message
18. No she won't. She's prollee having a fire sale of her own as we speak.
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lpbk2713 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 12:14 AM
Response to Original message
21. It's all BushCo smoke and mirrors.




He's just trying to cover his ass until November. Then he will have no problem telling us all to go to hell.







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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 12:59 AM
Response to Original message
22. kick
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