Maxine Waters: "People don't know how close we are to collapse"

[burythehatchet]

just said t on Bill Maher. Some of us know.

[Gman]

1. I suspect the Rush's and Hannity's have been told the same by Ms Water's counterparts

in the GOP and are part of what is clearly a concerted effort to push the country over the edge.

[SpiralHawk]

44. "Shock and awe, baby. Smirk." - Republicon 'elitist' Totalitarians

Caption: Republicon FAIL fighter bombs the crap out of America's economy

[Xipe Totec]

2. Indeed, some of us know n/t

[Liberal_in_LA]

12. yep. Unfortunately we do know. :-(

[bird gerhl]

3. Who's that

[Hekate]

7. Maxine Waters (D) is a US Congresswoman from California; great gal. nt

[babylonsister]

4. "We're not going to change until we put someone in jail." Maxine!

She's pissed, as are so many of us. I love it!

[seemslikeadream]

8. I guess it's OK when Maxine says it

[babylonsister]

11. Huh? I was just happy she said it. nt

[seemslikeadream]

17. I'm sorry sister

left over Whitey feelings :cry: :hug:

[EmilyAnne]

25. Could you explain the Whitey reference, please? Did Maxine say something offensive?

Thanks!
:hi:

[bdamomma]

5. aren't we several steps ahead of what's going on than our Congress.

they always seem to be shocked about the real situation and in the meantime we know the score.

[L0oniX]

9. That's because they are too busy feeding at the loby money troff.

[xchrom]

6. that's what i keep wondering -- what exactly do the powers that be

know about how bad it is?

[Pale Blue Dot]

29. The most irritating thing about this is it's not rocket science

I urge everyone to watch this video:

http://www.wgby.org/podcasts/index.html (scroll down to The Crash Course: The End of Money?).

The reasons for this crisis are very common sense and yet still have not been addressed by anyone in power (or by anyone here who still believes that the stimulus is going to save us or that everything's going to be OK).

[dixiegrrrrl]

10. Video. I demand video of that...

soon, I mean.

when it is available , I mean.

So, what is the viewing size of Maher's audience?
Bet that comment lit a match.

[rainbow4321]

13. I had a fellow commuter tell me today that her company is in a rush to outsource

Random conversation with a woman as I was on an escalator this morning..she worked in the building, I was transferring from the train to the bus I take to work. As we got on the escalator she commented that "it used to be" that the escalator would be packed with people with jobs in the building heading to work..this morning there were maybe a handful. So many in her building have lost their jobs.
She went on to say that she may be in risk of losing her own job in 6 weeks...her company is "in a rush" to get as much outsourcing done as possible "before Obama can do something that might make them have to stop outsourcing jobs". She was in a meeting with 14 other co workers that was led by their VP..it was pretty much told to them that a good portion of people in the room would be losing their jobs...sooner rather than later.
Guess we'll find out soon enough if this is the mentality of US companies if we see a surge of outsourcing in the next few months. But then again maybe we won't "see" it..unless it is a big name company what are the odds of it making headline, national news?

[Double T]

23. Outsourcing of American jobs has destroyed our economy and our country.

Stick a fork in America because she is done!!!

[Fleshdancer]

14. I love Rep. Waters, but it bothers me when people say stuff like that without elaborating

People don't know how close we are to collapse because the people who do know rarely tell the rest of us.

[Subdivisions]

31. Do you REALLY want to know what's going on and how bad it is?

Read this:

http://market-ticker.denninger.net/

[Double T]

35. Yes.

Like an alcoholic or a drug addict, UNTIL we can admit that there is an extremely serious problem, nothing will be seriously done to correct it. wall street, corporate america, congress and the WH aided and abetted one another in destroying our economy and financial system; both sides of the aisle are corrupt and culpable.

[Subdivisions]

36. Which begs the question...

WHY HAVE THEY DONE THIS TO US???

[Double T]

38. ABSOLUTE GREED AND ABSOLUTE POWER CORRUPTS ABSOLUTELY!!!!!!

[Fleshdancer]

42. Exactly!

Everyone is talking about Bill Clinton's statement that Obama needs to be more optimistic, but at what point does hope turn into complete denial? If we're truly this close to a collapse, maybe it's time to cut the feel good bullsh*t and talk about the problems like adults.

[Fleshdancer]

40. Thanks for the link

This is exactly the kind of information I've been looking for.

[Subdivisions]

46. Denninger is usually an asshole and he's a Libertarian-leaning

Republican. But, one thing I've noticed about him is that he hates political debates on his sites and he tries really, REALLY, hard not to be partisan. He skewered the * admin and he's skewered the Obama admin. I've been following his writings for 1 1/2 years, since I first suspected how much trouble we're in and he has been right all along. If you go back on his Market Ticker, it's all there long before it manifested itself here and now.

He's even written to the administration, done petitions, and everything he can to make them stop their destructive policies, both * and Obama, and he's specifically communicated his views on how to stop this mess directly to Senator Obama's office and yet Obama continues the destructive course we're on.

I'm livid with Obama right now.

[Fleshdancer]

49. Are you familiar with The Crash Course?

A DU'er posted this link a week or two ago: http://www.chrismartenson.com/crashcourse and I'm facinated by what I've seen so far. If you have a few minutes to spare, I highly recommend watching Chapter 16: Fuzzy Numbers. I would like to get your feedback on it and see if it echos what Denninger has written about in the 1 1/2 you've been reading his work.

[Delphinus]

51. I've only gotten through Chapter 4

and will continue the course. It's good information to be learning.

[BelgianMadCow]

54. Second that. His plan to restore confidence, as laid out in the thursday post

is great imho. It would work and it will never happen.

[Spazito]

47. Interesting reading!

Thanks for the link. He has some very good points and, certainly, a good grasp of the REAL situation. As you posted below, you can see his Libertarian leanings but, imo, that doesn't negate the facts he has iterated.

[Delphinus]

50. Who is this guy? n/t

[Subdivisions]

58. He's a market trader who knows his shit and has been right

about this crisis from it's earliest days.

[realitythink]

15. Yeah but the audience went dead silent.

Not sure they all know.

[Quantess]

19. No one wants to hear bad news.

People want to think everything will go on like always...

It's similar to hearing that a 35 year old has heart disease and has a high risk of dying within the next 5 years. Nobody wants to hear it.

[Subdivisions]

32. No one wants to hear bad news? That's the mindset that got us into this mess! n/t

[lonestarnot]

16. Which bank collapsed today?

[seemslikeadream]

18. Oregon bank is 14th failure of 2009

http://www.marketwatch.com/news/story/oregons-silver-falls-bank-seized/story.aspx?guid=%7BFB1C7C2E-B9B8-4D1D-BA36-38BCE2C2F889%7D&dist=msr_1

[FarCenter]

20. It was a tiny bank, only 3 branches

There will be a lot more, even more this weekend. Probably a few hundred this year. Lots of these small banks are closely tied to construction companies and small businesses that are on the edge. These loans will sour this year.

The residential downturn is about over. Commercial real estate, construction companies, retail shops, etc, will be folding next.

[lonestarnot]

21. Guess you haven't seen the credit card mess errupting over there.

http://www.youtube.com/watch?v=owPYO1D4d_A

[Double T]

22. I would rather know the facts and the truth about our economic crisis...........

instead of some candy coated, dressed up, rose colored glasses version of economic BS.

[FarCenter]

27. It's unlikey that a bank this size would issue credit cards

They would more likely have a branding arrangement with one of the large issuer banks.

[Subdivisions]

33. You want to dispense with the rose-colored glasses and candy coating?

Read this then: http://market-ticker.denninger.net/

[mmonk]

43. Interesting. They would have been better served leaving out

CNBC (seldom credible but they may find a nut every now and then) and using another source for one of the points, but overall pretty scary.

[donna123]

24. the more I hear her speak

the more I dislike her

[radiclib]

28. Hmmm...

Lurking are we?

[SammyWinstonJack]

48. Funny, that's exactly how I felt every time I hear/d george w bu$h speak.

:puke:

[Mz Pip]

26. I don't doubt it.

And it scares me. We're retired pretty much and had money in IRAs that would give us a comfortable retirement. Not any more.

My older son is 31 and is looking at 8% interest to pay off his student loans. We can't help at this point. His partner works for CitiGroup and every day she worries that it will be her last day.

I do believe that America will not be the way it used to be any time soon. For those of us who have to rely on what we put away it could be a disaster.

[RandySF]

30. Mark Warner said the very same thing to me Wednesday night eom.

[madrchsod]

34. well then clue us in ....just when should we just roll over and die?

here i thought americans were not cowards in the face of the enemy but i beginning to think we are.

[roody]

37. Plant edible perennials. eom

[Fire1]

57. Pre tell. Just who is the enemy?????

[emilyg]

39. We do know.

[slackmaster]

41. TERRA! TERRA! TERRA!

:argh:

[GinaMaria]

45. some people know

it's just more difficult to get out of bed each morning if this fact is openly acknowledged. But, we know.

[fascisthunter]

52. Free Market Collapse That Is... thanks to Friedman Reagonomics and Deregulation

a sign should be hung around every fascist loving loser out there, so when the starved bodies pile up, the masses know who to take their anger out on.

[burythehatchet]

56. you and I both know that the fascism virus simply will recede until the next

point in history when a host country can be found. It does not go away because we simply are incapable of learning from history.

[LWolf]

53. More of us know, too intimately, every day. nt

[BelgianMadCow]

55. To whoever thinks this is just a "panic" post - one advice

read the stock market watch thread.

PS: the OP itself didn't contribute much on its face but sure provoked discussion, many parts of it valuable.

[BlooInBloo]

60. I commonly mock panicdramarama posts. This doesn't appear to be one of them to me.

[GreenTea]

59. Republicans don't care-Just a way to blame their sick ideology on the democrats to in order

to take back congress in 2010, more of the same lies, & corporate bullshit as we've seen for the past eight years of republicans tax cuts & deregulation for the rich & corporations...exactly what got us here - this republican mess (they & their MSM are relentlessly & shamelessly trying to blame the Dems for) they stole our treasury & everything else that wasn't nailed down!!

The republicans don't care about our country, only about having power making us workers,corporate slaves with no retirement, SS, unemployment insurance nor health care for us workers....For more tax cuts for their rich friends & corporations.

Republicans, what can one say, worse than slime below the level of leeches & maggots!

Selfish, lying, sick, greedy hateful corporate republicans!