Showing posts with label Wall Street Bail Out Package. Show all posts
Showing posts with label Wall Street Bail Out Package. Show all posts

Friday, October 3, 2008

The Vice Presidential debate and Governor Palin's Dairy Queen stand in!

Mmmm….there’s just so much to get up to date with!

Well, first I guess I should give a brief synopsis of that thing they called a debate last night, I understand that the reason the Republican representative Governor Palindidn’t have a clue about what they were talking about was because Governor Palin, the Republican Vice Presidential candidate was still in training yesterday and so was unavailable for the debate last night, that’s why we witnessed Senator Biden debating the manager of the Wassilla Dairy Queen, who had kindly offered to stand in for the Governor.

Anyway, it went like this...

Alaska, Alaska, Mavericky goodness, Alaska, wink, wink, team of mavericks, Alaska, six packs, Maverick, bi-partisan, Alaska, wink, heal click, wink, wink, it’s drill baby drill, Alaska, pipeline, wink, Hockey I mean soccer Mom, two heal clicks, nudge, wink, spending, Alaska, third grade class shout out, Mavericky Alaskan Soccer team, Thank you, thank you.

I mean I know this was supposed to be a political debate, but considering the circumstances and the last minute drop out I think she did really, really well. You have to remember that the stand in didn’t have a clue what they were talking about, and although it was pretty obvious at times, over all I think she handled herself well, she even mentioned one of John McNasty’s policies, which is incredible when you think about it, and she looked just great!
Joe Biden
I did feel that Gwen Iffle was a little tough on her, I know the questions had been prepared ages ago and were all on the subject of politics, but it wouldn’t have taken a brain wave person to think up at least one question about making an M&M Smudgy or something.

Sure for most of the time it was obvious she didn‘t have a clue, but who would eh? you can forgive her those repetitive nervous winks at camera, obviously there’s no way the real Governor Palin would wink at the United Nations when addressing them. Credit where credit is due I say, she did Dairy Queen proud last night, and I bet she gets a rousing reception when she gets back to the Wassilla branch, they’ll be throwing back swirls ‘til the early hours.

Well done the stand in.

I am hoping that I’ll suddenly wake from this horribly disturbing dream soon. It’s the only way I’m able to deal with what happened last night, this must be a dream. America has become an Idiocracy, our standards have slipped so far that there were pundits on television last night trying to convince anyone that would listen that she did great, that by definition she is qualified to become President!

The woman gave a ‘shout out’ to some 3rd graders, for God’s sake it was the vice presidential debate, not a fucking game show!

This country happens to be the world’s greatest super-power, and with a crashing economy and not one but two wars going on, it is in an extremely perilous state. The purpose of this debate was to reassure the people of this country and the world at large that both of these candidates, if called upon, were capable of handling the job of President, as one could become the most powerful person on the planet, and Palin is winking, clicking her heals and giving ‘shout outs’.

Frankly, it brought home to me just how dangerous McUnbelievablyShit’s choice was, she is so clearly out of her depth, I almost feel sorry for her, McBollocks is another story all together. It is ridiculous to think that the Republican party have no better candidate for Vice President, what a thoroughly political choice this was.

This choice wasn’t made with the best interests of the American public in mind. I don’t care how Fox News casters claim that she exploded expectations, if that was exploding expectations, WTF were they expecting?

Anyway, in other news McRubbish is continuing to be found out, it seems the people of Michigan have seen through it now and join us lot in California as a state McCrap doesn’t feel is worthy of his message, because we will see through it. He’s effectively shut down operations in Michigan, I am sure with the hope that Barack Obama is stupid enough to follow suit, which he obviously must not, cannot and will not do.

Wednesday brought in a new month and a new shape to the electoral college map, at last I’m feeling some reserved confidence in the US electorate, and beginning to believe that they’re not quite as stupid as the main stream media, and most politicians would like them to be. The last two weeks have been an absolute catastrophe for team McPlain, the economic meltdown has been one aspect and it’s clear with the shenanigans in the lower House and the confusion among the general public that no one really has a fucking clue what’s going on, but the one thing that has stuck is McCrap’s poor handling of the crisis, after all the fundamentals are strong, right?

McAngry read BO’s introspection as somehow being indecisive, but I guess BO feels it’s better being indecisive than being decisively wrong. BO was also accused by team McLosing of taking too long to respond, but then it turns out McCrap responded before he even read the bill, perhaps BO likes to know what he’s voting on. At least he actually bothered to read the fucking bill, Johnny!

It’s good to see all those caring Fiscal Republicans, you know the ones that voted against the bill last time around, because they were so concerned about the cost to the taxpayer, yeah that lot! Well now they’re agreeing to support it, but what changed you ask, did the bill get trimmed down so it was less of a cost to the taxpayer? No, the bill had an extra 100 Billion dollars of pork projects added to it.

Fiscal Republicans my ass, they held off until they got the 100 Billion in corporate tax breaks they needed for their paymasters. I hope there are conditions allowing this bill to be revisited as soon as the Dems are in power. It’s so obvious that these disgusting repugs are fucking the country up as much as they can, just so a Barack Obama presidency has a big pile of shit, but no money to deal with it when he takes office. These people should be in prison.

Monday, September 29, 2008

House Republicans dump the bail out, and DOW falls nearly 800 points..

This just gets better and better, now all the finger pointing begins. The MSM are desperately trying to put a positive spin on McShit's roll in all this, and make sure the Democrats get their share. Of course McRubbish is holding one person to blame for all of it -- that man Barack Obama.

The media pundits are all over the place, basically no one has a clue...

I was watching MSNBC and Chris Mathews was the first to put a mavericky spin on McCrap's political posturing late last week. Claiming that this proved it was difficult being a maverick, according to Mathews he had opposed Bush for the last 7 years, and this was the first time McCrap had tried to lead, but had sadly failed...

Then on came Chuck Todd who wasted no time pointing out that nearly a hundred Dems also voted against the bill, a bill that was first proposed by the incredibly unpopular Republican administration....well duh!

Frankly, it's gonna be difficult for the Republicans to blame Democrats for this, and all because a few of them had their feelings hurt by something Nancy said. Barney Frank claimed that if it would help get Republicans actually doing something for the country, he'd personally go and visit each one who had their feelings hurt, and be really, really nice to them.

Great economist minds like Markos from the Daily Kos informed us what a terrible deal this was for middle-class Americans, but even the great man himself didn't have a clue what should be done, he just felt this wasn't the answer.

I did hear Ali Velshi, one of the few voices on CNN I respect, tell us that for every day Congressional Republicans posture 10,000 Americans will lose their jobs, and houses down the line. Taking them out of the 'could help the economy by spending' column and into the 'further strain on our economy' column.

Ali's firmly behind the plan, and tells us there isn't time to wait while Americans learn about economics to try and understand what's happening. Instead we needed to trust the few true leaders who have come out steadfastly behind it, and back them while they act NOW.

Then Glen Beck chatting with his fellow neo-con Wolf Blitzer told us that he was against the bail-out, but warned other Americans that were against that they needed to understand why they were, adding that he understood why some were for it....confused?

If that wasn't enough, he went onto say how sick he was of all the politicking, then promptly started politicking asking where Obama and McCrap had been, conveniently remembering that McCrap had at least tried...aaahhh. Still, apparently that wasn't the point for him, he was just upset with all of them....what a load of bollocks you lying Republican turd!

I know who I'm blaming for all of this and it's those frauds in the MSM, they've irresponsibly set out with an anti bail-out theme, before understanding what the fuck it meant.

They're absolutely against it, at the same time as absolutely demanding something be done!

I have no doubt that regular Americans will lose because of what happened today, somehow we always do.

You know, in such dangerous, challenging times, this nation is screaming out for leadership, but sadly America doesn't have any. What Americans look for in a president is the facade of leadership, Americans want Ken and Barbi, not the ugly truth. You only have to look at the Republican Vice Presidential candidate to see that our standards have reached an all time low.

We want leaders to be people we'd enjoy having a beer with, leaders that don't make us feel insecure by being smarter than us. We want our leaders to be tough, but we know that talking tough is easy, being tough is another thing altogether. Americans never vote for the best presidential candidate.

Whatever happens, this latest debacle should act as a stark wake up call to all of us. Our leadership standards can't be allowed to continue to fall. There's a smart, principled young man running for election this November, Americans need to take a chance for once, and elect him our president.

Sunday, September 28, 2008

Evangelical Churches break law as they endorse McDreadful from pulpit today, and Blitzer stands by as ethnic minorities are blamed for banking crash

So today pastors at Evangelical churches across the nation will be endorsing McCain from their pulpits. This contravenes the rules governing their IRS tax exempt status, which prohibits pastors engaging in partisan political support, lets hope the great IRS hold these renegade churches accountable and remove their tax exemption status. But, my problem is not so much with the fact they are breaking the law, but that I’ve always thought churches aimed to bring communities together not divide them, partisan politicking will only outcast those whose opinions differ from the rest of the flock.

I guess it shouldn’t surprise us that this little nugget of a morally and ethically challenged PR stunt for McCrappy has been coordinated by a group of extreme conservative churchy people called Churches Against Black People or something.

How can a pastor whose purpose surely is to spread the love of Jesus, bring his flock together, and breach any divides in his community take such a partisan political stance? Surely the mere suggestion of endorsing one political party over another effectively segregates those members of the church and community who may support the other side.

Is it that you have to be a Republican to enter an Evangelical church, or live in an Evangelical community?

It seems to me that the US church is turning the clock back to Medieval times when they held all the political power, maybe because they can no longer sell you a relic to ensure your spot in heavan the next best thing is to vote for one.

Staying with Republicans it seems they have a longing for the good old days themselves. On the neo-con Wolf Blitzer’s morning show today he had Democrat Barney Frank the Banking Committee Chairman ,and Eric Cantor the lead negotiator for the House Republicans, you know the guys who are so desperate to keep their seats this November that they will say anything or do anything and politicize any position to win.

I was stunned to learn that the Republicans have found who it is they’re blaming for this meltdown, it’s not fellow neo-con George Bush and apparently it has nothing to do with any of the Republicans that held Congressional power in Washington for 6 of the last 8 years. No, they blame Jimmy Carter, and what’s worse a particular piece of Carter legislation, let me try and explain…

During a split screen interview with (the amazing) Barney Frank and Eric Cantor, Cantor explained that the current financial meltdown had not been caused by corporate greed, or lack of regulations governing procedure, but by a Jimmy Carter bill that in Cantor’s words ‘forced banks to lend to bad credit risks’.

Now, if Jimmy Carter really wrote a piece of legislation as idiotic as that, forcing banks to lend money to people who couldn’t afford to pay it back, then it would surely have had a negative effect on our economy. Although, as a bad credit risk myself, during my many attempts to borrow money from banks I had no intention of repaying, at no time did anyone inform me that the banks were breaking the law by declining my business. So, Cantor's claim left me a tad confused, and more than a little suspicious, could it be that Eric Cantor was adopting that age old Republican technique of over simplifying, or in other words lying about the issue? Good old Barney put me right.

Barney Frank waited for the slimy looking Cantor to finish mangling history, then displaying a keen knowledge of the specific legislation Cantor had been referring to, he put him firmly in his place.

Frank explained that the Carter legislation had nothing at all to do with forcing banks into bad loans, but that the cad Cantor had been distorting an equal opportunities bill that Carter had forced through Congress to put a stop to the racist practice of denying loans to people based solely on their risky zip code address, or in other words the color of their skin.

Carter’s legislation outlawed the practice and forced banks to put all applicants through the same process, and approve or deny based on their individual credit worthiness and nothing else.

Cantor’s words are shocking, blaming the ethnic minorities for our current plight is as scandalous and outrageous as it is dangerous, and offers a frightening insight into the ever more extreme right wing thinking of 21st Century Republicans. I was surprised even that Republican stooge Blitzer should draw the line somewhere.

Friday, September 26, 2008

So now Johnny McShittyLiar is trying to blame BO for injecting politics on thursday...unbelievable!

On Tuesday McShitty's little Alaskan helper told Katie Couric that if a financial aid package for Wall Street wasn't agreed by friday, then this coming Monday the nation would slip into a depression as bad as that of the late 1920s. Later that afternoon after lying to Dave Letterman and freeing up some time up to talk to Katie Couric's bigger audience, McLiar confirmed his little Alaskan helper's prophecy, saying that unless a bail-out plan was immediately agreed, then we'd all be eating grass by Monday.

Yet, today there's no agreement, apparently our representatives had been close at one point, that's until McCrap got involved. He fucked it all up by trying to hijack the event, and claim credit for something he hadn't been involved in, and what's more he wasn't even sure if he wanted the credit anyway. It became a big pickle and he was right smack in the middle of it.

So, per the prophecy of the brilliant economist Palin, and as we have no agreement in place and it is the weekend, I guess we'll all be eating grass on Monday. I've got some salt put away just in case. Btw what's with the stock market making triple digit gains during the two days since the collapse of the bailout talks?

Apart from the imminent collapse of the nation's economy, it was refreshing to see McLiar for once staying true to his word and remaining in Washington until a deal was....oh! he's not?....oh, ok then, well forget that...As it turns out McShittyLiar has stayed true to character and not his word, as I'm informed he's now planning on coming to the debate, which according to his campaign was what he had intended all along....yeah, right!

Did you notice during the mayhem that was this week, McCrapLiar admitting that he hadn't even read Secretary Paulson's three page proposal? But, somehow he was miraculously able to make suggestions as to what he felt was missing.

The whole thing, I mean the whole thing is a farce. This campaign continues to insult the American people‘s logic, this man and his crew of crooked cronies are playing politics with people's lives, we're living in dangerous times, yet McBombit seems to take it all as a joke. He says one thing today and a different thing tomorrow, it's almost impossible to keep up with the lies, turnarounds, and endless bullshit emanating from his campaign, on election day they must be hoping that American people forget which candidate is which.

It’s unbelievably insulting, no politician in history has lied so openly and so often as McCain has during this campaign, and we have four weeks to go.

The people of this country need to show that self-serving politicians like McRubbish cannot get away with it. The man possesses none of the character traits required by a president of this country, or any country for that matter! He is impetuous and erratic, he's a walking time bomb, and there's not a single American that can say they weren’t warned!

Finally, if you needed any more motivation to ensure that he does not become our President, take a look at the woman who as his VP would be a heartbeat away from the presidency. Btw hang on for Jack's barely disguised anger at the end.

Wednesday, September 24, 2008

Do me a favor McBombit you dirty dog...

So you care about Americans do you, you'll always put Americans first will you. Well, when I sat watching your press announcement lunchtime I nearly began to believe you. I even thought to myself, right on! maybe the old goat isn't just a desperate vote grabber after all, but then came the news.

I guess it was inevitable, of course it turns out that it was the Obama campaign, indeed Barack Obama himself, who called McCain at 8.30am this morning to ask the old liar if he would consider working with him to help solve this crisis. Apparently McCain couldn't decide for himself, and deferred to his advisers, then finally called Barack Obama back at 2.30pm, to agree to the Senator's request. During the call however, McBombit made no mention of holding a press conference 30 minutes later, in which he told the world that he was asking Barck Obama to follow his lead.

What a miserbale fuck that man is!

I really, really hope Americans can see this for what it is, it's in the best interests of all of us that you do.

Buffet throws $5 Billion into 'struggling' Goldman Sachs...

Am I just becoming a complete sceptic? why is it when I see something like this...

Buffett invests in Goldman: Goldman Sachs (GS, Fortune 500) said late Tuesday that Warren Buffett's Berkshire Hathaway is investing at least $5 billion in the bank through a preferred stock purchase and could buy up to $5 billion in common stock over the next five years. Separately, Goldman said it is raising $5 billion in common stock.
Buffett's investment could be seen as restoring confidence in the storied Wall Street firm, amid the ongoing credit market fallout. Goldman shares gained 3.5% Wednesday morning.
Over the weekend, federal regulators said they were converting Goldman and Morgan Stanley (MS, Fortune 500) into bank holding companies, allowing them to buy smaller regional banks and have more direct access to Federal Reserve funding. The move also puts the banks under the Fed's supervision.
from CNN Financial Pages

I get ever-so-slightly suspicious that those Wall Street tycoon-types are taking us for the fools we are. When that rat Buffet makes a move as obvious as this, it's because he's desperate, despetrate to get his grubby hands on his share of all that taxpayer cash that's gonna go flooding into Wall Street, gratis.

Let's face it we're fucked!

Friday, September 19, 2008

WTF? Part III

So all’s well on wall street again, phew! that’s a relief, that was a close one eh? My God all those mega-rich bankers nearly had to face up to their losses, but fortunately the US tax payer jumped in to underwrite it all and cover them, they say that it'll cost us around a trillion bucks...nice.
$10,000
But, do you know what a trillion is? it's a thousand billion, or a million million. I figured I'd try and help you visualize what an awful lot of money a trillion bucks is, and to help I've posted a $10,000 bill up there. I scanned it this morning, so apologies if my scan seems a bit rough. I was lucky to have it on me actually, I don’t usually carry many of them, but I just happened to be having lunch with a banker friend of mine today, and I'm told it's quite standard currency for bankers who like to have a half decent bottle of wine with their lunch!
Photobucket
Anyway, that single bill represents one hundred $100 bills, in other words a lot of money. Now try and imagine a hundred million of those $10,000 bills and you've got your trillion. The ten thousand dollar bill is just over 6 inches long, and if you were to take one hundred million of them and place them end to end, apart from taking an enormous amount of time, your line of ten thousand dollar bills would stretch for ninety five million miles, give or take a few yards.

In other words, if physics allowed, your cash trail, and it is your cash, would reach the sun, and you’d have a few billion dollars to spare for lunch when you got there....WTF?

This is the mother of all bail outs, we’re buying up all the crappy defaulted mortgages, you know the ones that should never have been loaned out in the first place, but were by greedy mortgage brokers and greedy buyers. The bail out ensures that the brokers, and agents get to keep their ill-gotten gains, and all the people that couldn’t afford to buy houses in the first place, but did, will get to keep their houses too. Hell! some of them are gonna make tidy profits once all is done and said.

The only losers here, are those who were foolish enough to buy what they could afford, or even worse didn’t buy at all, because they knew they couldn't afford it. It’s the responsible people among us who will end up losing the most, and it‘s just unbelievable.

I mean, I’m British, and really I shouldn't give a crap, in fact I should be cheering from the roof tops, after all the London FTSE gained even more than the Dow today, and a couple of our previously struggling banks got to see their share prices increase by over 50% in a single day! Rewarded by the American taxpayer for being greedy and making bad decisions, amazing!

So, everyone's cashing in now that the US taxpayer are so kindly picking up the tab for it all.

A trillion dollars, when I think how many schools and hospitals could’ve been build for that, and universal health care? well that would seem like a drop in the proverbial ocean by comparison, we could’ve operated a universal health system for the entire population of the planet for that, what a fucking joke!
Greedy Banker
Still, who cares? it’s only money, right? It’s gonna be the US taxpayers’ children and grandchildren that’ll be left to pay for it all, and suffer even greater consequences because they’ll have absolutely no money left to invest in little things like the country’s infrastructure, you know things like bridges and roads and rail lines. Then they’re gonna have to lose all the services like police and fire, and social programs like schools and healthcare, they’ll be a luxury, a long lost dream, and of course we shouldn’t forget about the over extended military and beaten up veterans. They’ll all be fucked.

The dollar will be devalued to such an extent that things will perpetually cost more, with wages going down accordingly. Still, on the bright side perhaps the Chinese will find it cheaper to get their shit built here, using our decedents as bonded labor, and it’s a big place, we could take everyone else’s nuclear waste, there’s good money in that, we could even cover the interest on our loans for a few months if we took it all. That would help them pay off some of their father’s debts, or rather the debts caused by the greedy fucks among us who just borrowed too much to be called out. This country has set itself up for a mighty crash.

The grand philosophy of capitalism without regulation, that system so preferred by McBombit, is that markets will find their own way if they are left alone. Things may hurt for a while, industries may fail, but ultimately a free market will find itself a way out. The problem is it doesn’t work. Our market is about as free as the communists.

We now have banks nationalized in all but name, we have mortgage lending that’s nationalized in all but name. This is the very thing capitalists so decried of communism, the problem is communists would’ve done it a lot better, we’ve got the worst of both worlds a hotchpotch.

And you watch what happens next. This bail out is being funded by US taxpayer’s money, no one else’s, the money belongs to the US people. Yet, you watch some newly created ‘independent’ agency quarantine the cash. Mark my words, all this money will be lost in the secrecy of independent private companies like the Fed, which give us no right to look at their books.

Hell! we can’t even find out who owns the Fed, you know actual names of people, and I bet you thought it belonged to We The People. I have news for you, there’s a very good chance that not even an American is involved in the ownership of the Fed.

Thursday, September 18, 2008

WTF? Part II

So, the country continues to fall apart at the seems, as secret meetings are held between foreign octogenarian bankers and their multi-billion dollar families, cooking up new schemes to enslave the US public and make more money while their at it. The stock market reacts like a fucking yo-yo, opening 200 points up only to find itself an hour or so later languishing at a 200 point drop, then a net four hundred point rally as it reclaims earlier gains at 200 points up only to swing back again and as I write this the dow-dow stands at about even 4 points up....now as I edit this the market has closed 400 points up....unbelievable!
McCain Ponders Viagra
Meanwhile we have the republican campaign desperately tracking the Dow before deciding what to say next, then understandably fucking it up anyway. McCain's first response to the crisis was to remind everyone of his lack of economic credentials by reiterating that he (alone) felt that the 'fundamentals of our economy were strong', but once realizing that it hadn't gone down too well and he was on his own in with his views on the fundamentals, he spent the next 24 hours backtracking, trying to convince us that by fundamentals he meant the workers, of course!

But, things get worse, realizing that the US public were not buying his 'fundamentals' line, he decided to come out and take action, make a statement of substance, and show the world that he 'gets it'. And what better way of doing that than finding someone to blame for it all. Knowing that even by Americas standards placing it at the feet of Barack Obama would be stretching it to breaking point, he went with Christopher Cox, chairman U.S. Securities and Exchange Commission. Yeah, that same Christopher Cox leading republican lawmaker and close ally of the Bush administration.

In classic McCain style he irresponsibly undermines his own party, government and president by pointing the finger at the head of the SEC, saying if he were president (oh Lord please no!) he'd have fired him. I'm not sure whether he realized at that point that Mr Cox had been appointed by President Bush, because Mr Cox shares the same crappy republican financial philosophy that if you leave the market alone it'll be alright on the night. Mr Cox was recruited as SEC Chairman specifically because he wouldn't regulate anyone, after all the market would work it all out eventually, right?....oooops!

Ten minutes after McCain let the whole world know he was holding Mr Cox personally responsible for all America's woes, the White House came out saying that the president was fully committed to the SEC chairman!

So, it seems Mr Cox is purely McCain's fall guy, Bush must have someone else in mind, perhaps himself, or John McCain for constantly voting against any proposed regulations aimed at governing Wall street and the greedy sub-prime mortgage fuck-wits, you know people like ex-McCain campaign chairman Phil Gramm. Confused? Don't worry McCain is too...

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