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Seriously, folks. Nine weeks is not enough time to do all the bad stuff you’re accusing me and my Treasury Secretary of. It’s took my predecessor eight years.
(Timothy Geitner and Barack Obama)
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Cheezburger Network Blog
9 1/2 weeks will suffice, though.
WIN
Awwww…… pooooooooooooooor little leader of the free world!
I honestly believe that Obama is generating this level of self-pity.
Yuo probably beleive the moon is green cheese too…
S’not? The fu*k you say!
Not dead yet? Shame.
No head yet? Shame.
Interest in my spinal condition, or a puerile comment about sex?
IF you’re not Anniee, I’d leave the sex to her, since since it’s her stock in trade.
Hmm…. sooooo….. Obama having emotions is as likely as the moon being made of cheese? Interesting.
WIN!
He’s a politician, and thus a borderline psychopath. If he has ‘emotions’ it’s the same way people like Dhoti or Anniee has them… not normal humans…
it’s only obama’s fault if he voted for himself
Dudes, he’s trying to UNDO the previous mess.
It just looks like he might need a lot of help and explaining…
MY GENERATION IS GOING TO BE PAYING OFF THE STIMULUS FOR MY PARENTS and older peers.
Life’s a b!tch, ain’t it?
count your blessings that you have parents capable of being stimulated!
But you wouldn’t want to walk in and find them like that…
….at least not without your camera.
rather see my parents like that than my kid and her bf!
Ouch! Brain bleach, please!
Undo you say? He’s just digging an even bigger hole, and not just your generation, our children, and our children’s children will pay dearly for what we’re allowing him to do to this country
If you would do your research, granted, he did not vote for going to war, but he DID vote for the funding of the war…….so, when he says, “I inherited this debt from the past administration.” he’s got you all fooled. Yay for the Messiah douche nozzle!
Except for that whole ‘GIVE’ Act that just passed the House. Hitler Youth, anyone?
Comparison fail. What is wrong with you? Can doctors help?
*applause*
Obama Derangement Syndrome is very real and, sadly, no cure has been found yet.
MONDO WIN!!!
all caps=mondo fail
Hahaha! Win!
*smooches suicide_blonde on the cheek*
Aw thanks doll face
I’m thinking it’s a hopeless case. She’s looking for a hospice bed, she doesn’t have much time left.
*lighter wave*
“What is wrong with you? Can doctors help?”
`
Good luck with that after the last 8 years of cuts to health care. Life’s ironic, ain’t it?
Doctors will only help after receiving their bailout money. They will then brainwash him into believing in Obama’s brand of “change”, and will tell him to respond with “change” no matter what argument is brought against him.
Learning from history FAIL.
And thus the Wang arrived, cloaked in the idiocy of Godwin’s broken law. Poor Godwin’s law, so fresh and pure only to be broken over and over again by talking heads spouting talking points. The Wang, sullen in his rage, vows to harry and annoy those who would do this deed again and again.
Oh and it is raining on his head for proper dramatic effect.
I keep telling you posting from the shower is going to ruin your computer.
You’re just wanting in the shower too… You egregious wangbaiter, you.
… the hairy and annoying wang in the shower –
who copulated ecstatic and insatiate with a bottle of beer a sweetheart a package of cigarettes a candle and fell off the bed, and continued along the floor and down the hall and ended fainting …
O_o… Now I have to guess who you are talking about. *blinks*
You haven’t noticed that I quote Howl when you do your Wang
routine?
I will now…
I am awestruck. No props big enough for you. I bow.
so much depends
upon
a red
wang
glazed with rain
water
beside the white
chickens
i hated this poem. and we spent a whole freaking week analyzing it.
I like it, but we never spent a week analyzing it. it just comes up a lot in literature.
The wang kept coming up?
Damn Viagra.
Why do you hate America? What’s wrong with you? Volunteering is really such a bad thing?
If you have no choice, it isn’t volunteering
But if it’s the unemployed, you’re all for disenfranchising them for not working, then what’s the problem with forced labour for the workshy fops?
I am still waiting for the problem of doing community service to get grant money… You aren’t Owed grant money.
As is obvious – that makes it PAID WORK.
“Employee” != “Volunteer”
Is it really that different from other requirements for grants and scholarships. do you get pissed at the scholarships granted to students that earned them by doing a lot of volunteer work?
It’s just another requirement if you don’t want to do it, it’s not like you’re entitled to free money. go pay for college of whatever yourself.
Not even remotely similar.
Massive analogy fail.
Could you explain this? It seems extremely similar at first glance. In the one, you do volunteer work which qualifies you for a scholarship, in the other you do volunteer work which qualifies you for a grant. Are the two that dissimilar?
if it is volunteer work, they aren’t being paid
Cool
You don’t pay them and you take their vote…
How about camps?
They can share the ones we set up to help all the ADHD kids!
and the Jesus Camps
It’s sad how people don’t read, isn’t it?
Indeed… and those who do have the comprehension abilities of a broken house brick
i admit not beeing american i don’t know a lot about specifics of what obama is doing there but comparing him or his administration to hitler?
really?
are you serious?
Yes, quite.
Look at Germany’s financial climate when Hitler came to power compared to the recession hitting the US now. He’s preying on people’s fear to gain greater control.
Also, look at the steps taken towards socialism by Obama. He wants to centralize control of the country’s wealth to government (he’s trying to place government at the head of ALL US banking). He wants the government to be in charge of healthcare. He’s claiming to be setting up a utopia of government providing for all needs…
Let alone the fact is setting up youth groups centered around his philosophies…
If people can’t honestly draw at least similarities than they are only lying to themselves and doomed to repeat the horrible European history here. (I’m not saying that he is in any way Hitler or out to kill millions… but I do want people to at least wake up and not follow him blindly)
Aside from the automatic Godwin’s Law fail here, your comparison fails on other levels. Where’s the Dolchstosslegende? Which external ethnic or political group is Obama blaming for the current situation? Hitler had the Jews, the gays, the Communists and the Gypsies. Who gets the blame here?
Duh. Whitey
The rich?
*Clears throat*
WHARGARBLE!!!!!111!!!
Ahem. Excuse me.
“Look at Germany’s financial climate when Hitler came to power compared to the recession hitting the US now.”
Yeah, or our financial climate when FDR was elected compared to now. Or the Japanese government after their lost decade. Or any other leader’s coming to power during a recession. ZOMG ALL SO SIMILAR AAA!
“He’s preying on people’s fear to gain greater control. ”
Right, which is why his speeches are peppered with phrases akin to ‘It will be difficult, but we can pull out of this recession if we bring our best skills to task’. Because if there’s anything that strikes fear into the heart of man, it’s inspirational encouragement. Please.
“Also, look at the steps taken towards socialism by Obama.”
Oh, Christ. Here we go…
“He wants to centralize control of the country’s wealth to government (he’s trying to place government at the head of ALL US banking).”
BULLSHIT. I suppose you find the FDIC to be equally Social- and Hitler-istic? In all the seventy years it’s had to take the opportunity to destroy our society under the yoke of Stalinism? Eyeroll.
“He wants the government to be in charge of healthcare.”
Well, it’s better. After all, when we want our wounded veterans to be taken care of, only the best will do. Which is why it’s an outrage that Obama even considered putting them on *private* healthcare. Government mandated healthcare is better in every concievable way to the medicare junk behemoth we have now. If you can’t discuss this subject at all without talking out of your ass, just clam up.
“He’s claiming to be setting up a utopia of government providing for all needs…”
Yeah, it’s insane. I mean healthcare (providing life), closing Gitmo and [I hope] prosecuting the assholes who condoned its torture (liberty), and reregulating the financial industry and economy so it’s safer for the little guy (pursuit of happiness)- it’s all so socialistic and unamerican. Although, I can’t help but shake the feeling I’ve seen those three tenets written down in some document somewhere. Perhaps you can recall its name?
“Let alone the fact is setting up youth groups centered around his philosophies…”
ROFL. Yes, the Peace Corps et al certainly espouse radical and dangerous ideas.
“If people can’t honestly draw at least similarities than they are only lying to themselves and doomed to repeat the horrible European history here.”
Most of your “similarities” either a) apply to far too many leaders throughout history to be relevant to the point you’re making, b) are complete bullshit, or c) aren’t things that Hitler did, and are also equally inapplicable.
“(I’m not saying that he is in any way Hitler or out to kill millions… but I do want people to at least wake up and not follow him blindly)”
Nooo… you’re just *comparing* them. Which of course isn’t practically speaking the same damn thing. Moron.
And this is just the sort of half-assed logic and ridicule you can expect when you dare disagree with the plans this administration is pushing.
1. “Yeah, or our financial climate when FDR was elected compared to now. Or the Japanese government after their lost decade. Or any other leader’s coming to power during a recession. ZOMG ALL SO SIMILAR AAA!”
- Who has been making the Great Depression comparisons? Guess. Did FDR mandate volunteers serve the state (conscription during WWII not withstanding)?
2. “Right, which is why his speeches are peppered with phrases akin to ‘It will be difficult, but we can pull out of this recession if we bring our best skills to task’. Because if there’s anything that strikes fear into the heart of man, it’s inspirational encouragement. Please.”
- There is nothing ‘inspiring’ about a politician asking for my trust. In the weeks that he has been in office, he has not done anything to warrant the level of trust he demands. His ideas are not properly examined before being made law and anyone who questions him instantly becomes a target for public scorn.
3. “BULLSHIT. I suppose you find the FDIC to be equally Social- and Hitler-istic? In all the seventy years it’s had to take the opportunity to destroy our society under the yoke of Stalinism? Eyeroll.”
- Here is a common bit of stupidity. If one Federally-sponsored program works, then they will ALL work, right? There is the bullshit. Examine each proposal on its own merit.
4. “Well, it’s better. After all, when we want our wounded veterans to be taken care of, only the best will do. Which is why it’s an outrage that Obama even considered putting them on *private* healthcare. Government mandated healthcare is better in every concievable way to the medicare junk behemoth we have now. If you can’t discuss this subject at all without talking out of your ass, just clam up.”
- I guess this is an improvement from the “It’s for the children” battle cry the Left relied on during the 90s. Veterans have served the country and deserve some consideration. The proposed healthcare changes go well beyond veterans. Socialized health care works just fine…as long as you stay healthy. We could certainly use something to extract the insurance companies from the process, but inserting the government isn’t going to help.
5. “Yeah, it’s insane. I mean healthcare (providing life), closing Gitmo and [I hope] prosecuting the assholes who condoned its torture (liberty), and reregulating the financial industry and economy so it’s safer for the little guy (pursuit of happiness)- it’s all so socialistic and unamerican. Although, I can’t help but shake the feeling I’ve seen those three tenets written down in some document somewhere. Perhaps you can recall its name?”
- An interesting collection of unrelated items. You exercised lots of creative stretching putting the “life, liberty, and the pursuit of happiness” line together.
First, the more involved the government becomes in healthcare, the more likely you will eventually be denied some treatment simply because of cost-value analysis. Second, considering the level of torture the hostiles pulled of the battlefields are willing to inflict on every other ‘infidel’ (i.e., beheading), I could care less about how they just don’t like water-boarding. The fact that you associate them with “liberty” is hilarious. You do know that these people were actively involved in hostilities, right? Third, I’m actually for putting the banking regulations back in place. I’m not for letting Congress hire and fire CEOs. On the other hand, I do have difficulty mustering any sympathy for the CEO getting the exaggerated bonuses.
6. ” ROFL. Yes, the Peace Corps et al certainly espouse radical and dangerous ideas.”
- While the Peace Corps gets marched out as an example of a successful volunteer organization, the President’s commentary on civilian security forces gets my attention a whole lot more especially in combination with the “mandatory” aspect being considered.
7. “Most of your “similarities” either a) apply to far too many leaders throughout history to be relevant to the point you’re making, b) are complete bullshit, or c) aren’t things that Hitler did, and are also equally inapplicable.”
- a) A few. b) Nope, real some history…preferably not anything being passed off in American public schools as history. c) There are similarities (see b). Time will tell whether he will carry these similarities any further.
8. ” Nooo… you’re just *comparing* them. Which of course isn’t practically speaking the same damn thing. Moron.”
- Isn’t that what you’ve been doing? You’ve used marginally related stuff to counter the earlier remarks. You don’t like the comments about health care, so you march out the veterans. You don’t like the concern about mandatory volunteerism, out comes the Peace Corp. Moron.
Word
god, you idiots won’t stop to take the cock out of your mouth for one second and realize that so far, his administration is doing a pretty shitty job.
Wow, how could such a clever argument fail to convince us, but alas.
I’m surprised you can argue with the plethora of facts and figures that he presented as evidence backing his claims.
I’m surprised I can type with this cock in my mouth…
It’s easy if you have good keyboarding skills!
heather does it daily…
Oh snap!
Have you tried “Mavis Beacon Teaches Typing and Cocksucking”? It’s a bit of a niche market, but an excellent teaching tool.
I lol’d!
“I’m surprised I can type with this cock in my mouth…”
`
Remember to breathe through your nose.
I was almost convinced.. but then reality kicked in..
He may be crude but the economy is tanking every time the government tries to help. Geithner appears to be out of his league and Obama is still on the campaign trail. The Congress and the Administration are now talking of cancelling everyone’s tax rebates. It seems the government is determined to make the same mistakes that were made early in the Great Depression that led to runaway inflation and unemployment. PM Brown got shredded yesterday in Parliament and the President of the EU claims the USA in on the way to hell. The stimulus isn’t working and government spending programs won’t work either. The current budget proposals are 400% of what Bush 43 ever asked for…admit it. $9.1 billion is ridiculous by any standard. Yes Bush and others are responsible for what happened but the biggest culprits seem to be the ones in Congress who ignored the signs in 1991, 2003, and 2007.
The GIVE act does resemble the 3rd Reich’s work programs by making voluntary community service mandatory. Name one time mandatory public service ever worked? The Soviets tried it and failed, the Nazis tried it and it led to war, FDR tried it and kept the Great Depression going until 1946. Mugabe and Chavez are running their countries into the ground this way and Obama praised Mugabe for what he has done (I guess 10,000% inflation is a good thing).
I am not going to spout how much I despise whoever. So far I am not impressed with the new President or his administration. I just hope everyone got the change they wanted. It is going to get a lot worse.
Dude…you gotta lay off the Fox News.
Seen on a bumper sticker (so please don’t blame me).. “How will Democrats stand up to terrorists when they can’t even face Fox News”?
Oh, Eddie, that is full of win!
Hmm..wonder where I get one of these.
That reminds me: Rupert Murdock is worth 57% less now than he was worth this time last year. I got the impression that FOXNews was part of the loss, but I didn’t catch the whole story.
Because Democrats embrace terrorists?
Who was giving arms to Iran and supporting the Contras?
Who supported the Mujahadeen?
*tumbleweed rolls by*
The hard questions always stump them…
Caspar Weinberger and entourage.
Reagan accepted responsibility, kind of like Obi-man just did for the AIG gig.
Tit-for-tat.
So, you’re copying Anniee, you are Anniee, or you read/listen to the same extremist, Bilderberger conspiracist bullshit as Anniee.
Which is it?
…and possibly (suggested on one program I saw a while ago, can’t remember more about it, sorry) were quite adamant about bringing “jihad” as an offensive-aggressive warfare concept back to life (back when it was a matter of the poor oppressed Afghanistans fighting the Soviet Union.)
.
(So yeah, wobbly source fail on me, I’ll call that even before anyoe else ddoes.)
It’s vaguely in my memory cloud, too. Back when we were recruiting Bin Laden to fight the communists. Mmm…proxy wars. Yup, those were the days.
From Wiki:
Alhough there is no evidence that the CIA directly supported the Taliban or Al Qaeda, some basis for military support of the Taliban was provided when, in the early 1980s, the CIA and the ISI (Pakistan’s Interservices Intelligence Agency) provided arms to Afghan mujahideens resisting the Soviet invasion of Afghanistan,[78] and the ISI assisted the process of gathering radical Muslims from around the world to fight against the Soviets. Osama Bin Laden was one of the key players in organizing training camps for the foreign Muslim volunteers. The U.S. poured funds and arms into Afghanistan, and “by 1987, 65,000 tons of U.S.-made weapons and ammunition a year were entering the war.”
Yup. You got it. The entire democratic party just looooooooves terrorists. Our secret is out, damn. We’re all hoping that the terrorists will come over here and blow us all up. Hell, we all know democrats hate America. That’s why we all live here and run for office and pay our taxes and stuff. Because we hate it here and want it all blown to smithereens! We even hate ourselves with our tree-hugging, pot-smoking, terrorist ways and hope the terrorists will kill us first. Who told this guy the plan?
Even Earth hates you and wants you expelled, like some horrible virus.
I haven’t done enough to get expelled. The Earth will have to suffice with me getting detention for a week.
With that teacher who has the pouty lips?
That was a vicious rumor.
I have copies of the surveilance footage…
Were there panties involved? And midget wrestlers?
No, just good old fashioned teacher themed oral fixation and satiation. Jane has a magnificient knowingly false innocence look…
…
I think I need to go pray.
Permanent suspension, then.
-
Or a swift ruler-whack.
Hey hey, I don’t know you that well. That kind of thing usually has to wait until a 3rd or 4th date!
“Yup. You got it. The entire democratic party just looooooooves terrorists. Our secret is out, damn.”
`
*kicks Eric under the table*
Shud-uppppp!
Ix-nay on the ecret-say!
It’s too late. Fox News has been blaring our secret for months now. *sigh*
I don’t watch Fox. All this information came from CNN, the New York Times, the Washington Post, Wall Street Journal, the London Times, the White House proposals and the US Congress.
I study the issues from as many sources as possible. Maybe you should as well?
I dunno…I’m kinda hooked on getting my information from windbags on the internet…
I prefer windbags.. the internet is for porn..
Maybe you should read the news rather than bloviate
Maybe you should lighten up and stop trying to impress strangers on the internet with your magniloquent vocabulary.
I haven’t heard a single thing from you that is backed up by facts. I’d like to hear your ideas instead of insults. I think what is really going on is, you can’t deal with facts or truth and are forced to respond with personal attacks. A shame really…
I just prefer to have a giggle rather than get into serious debates with people who will never change their minds. For example, below you mention that people on welfare will only vote for candidates who give them money, yet you neglect to show how that differentiates welfare recipients from the vast majority of people who voted against Obama because they opposed his reversal of tax cuts for the rich. I can tell from your posts that we have fundamentally different perspectives and I have no interest in spinning my wheels participating in an internet debate with an anonymous stranger that will go nowhere.
Yes, because everyone who has ever had welfare in the history of welfar is just lazy and wants to ride the system and doesn’t get the right to vote. They can’t possibly be going through a rough patch and need a little bit of extra help.
In bed…
Sexual Welfare? That just might work!
Ya know, as a response to Jane or Suicide Blonde, my comment worked. Hot damn!
Big surprise — someone calls you out long enough and you pull the old “it’s all in good fun” card. Maybe you should spend some more time at that day job.
Way to “call me out.” Okay you got me! I did it! I made jokes on a lol site! Maybe you should pick a fight with someone who cares what you think.
Sorry, sweetie, but none of those were jokes. (I mean, not funny ha ha. Funny sad, yeah. But even then, more of an awww.) But keep working on your technique on work time, I’m sure you’ll get the hang of it…
Still picking the bits from the bottom of donut fryers and eating them…
@Dhoti: I can tell that humor is not your strong suit. That’s okay, you make up for it by being an opinionated blowhard.
Not much IS Dhoti’s strong point…
Excellent at whinging, to be fair.
STOP MAKING RATIONAL ARGUMENTS!
Don’t you know that this is an Obama-cheerleader section only? Shoo!
Disenfranchisement of the unemployed is ‘rational’? I see…
“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights”
But only if they work…
Or are straight
or aren’t black, or jews… or women…
Or poor people. You gotta hate those guys!
How come people who say they “study the issues from as many sources as possible” then invariably go on to spout Fox/Limbaugh talking points?
So, this is the extent of your schtick? Really?
No, I’m here all week! Sometimes I take breaks to work though.
I suspect your employer wouldn’t mind if you didn’t. It’s okay — I hear the higher-ups voted for Bush twice, and we all know what that means!
Nope, the boss didn’t vote for Bush. And we all know what that means! That’s right…good judgement.
Too bad it doesn’t carry over to human resources.
Unless you’re working at a halfway house, in which case you have my sincere apologies.
Like you work at anything other than cleaning floors…
Mostly Dhoti posting means he’s proving an idiot.
I love Fox News.
Makes me LoL. . .
sorry 9.1 trillion
*cheers*
“Name one time mandatory public service ever worked? ”
1) Switzerland
2) Israel
Oh, wait, you don’t regard military service as public service?
Conscription is different. Conscript armies like the Swiss and Israelis are an exception to the rule. I have worked with several conscript militaries and they are not as efficiently run (I have 17 years in the military). Serving in the Armed Forces is noble, even when conscripted. I have a lot of respect for the Israelis especially. It isn’t the same thing as making Americorps mandatory since there is no weeding-out process of the shirkers and bums who slow things down.
Making public service mandatory only makes people work less since they don’t really want to participate. As it is, the USA donates more money and time to charity than all of Europe, South America, and the Middle East combined.
History shows that such programs never work well
Define “mandatory” in the sense that you’re using it, please.
Obama wants all Americans to perform mandatory community service (200 hours per year for people under age 25 and I believe half that for over 25) to beautify the nation. This would be law.
Can you tell me where, exactly, in the Give act it says that community service would be mandatory. I’ve been reading over it and I can’t see where it says that anyone would be forced to preform community service.
Exactly. Are his numbers of hours right, even?
Link to full text.
As it is, the USA donates more money and time to charity than all of Europe, South America, and the Middle East combined.
Would you mind defining what “charity” is and giving sources for this claim?
I repeat, for a man who is happy to see the Welfare recipients disenfranchised, gets antsy about ‘work programmes’ that remind him of the Third Reich.
I see…
It is too easy and boring to Wang it, so I didn’t. I am sure somebody with drive and intelligence can do a better job of wanging it anyway. Mmm, lunch…
“9.1 billion is ridiculous by any standard.”
`
Coincidentally, that’s the same amount that Halliburton “disappeared” in Iraq. Weird, huh?
The original quote was corrected — trillion, not billion.
Halliburton’s only billed $10-15 billion, maybe $20, for Iraq in total. Unless you’re saying that the money they were paid for goods supplied and services rendered was “disappeared”.
So where are you saying the graft is?
Right under your yaoi stash, I’d assume.
You just want rough man on man sex…
Sorry. I’ve been too busy figuring out how I got a rooster in my mouth.
Don’t you love it? “The last eight years are that goddam Obama’s fault! How come everything ain’t fixed yet? Impeach!”
Whoa, now wait a sec. Are you sure you want to get us right of center folks riled up? You know what damage can be done if we embrace that thought? Think before you leap, man, just think!
Thinking….thinking. Ow. Hurts. Must stop.
Why not, you all screamed that about Bush from day 1? Much of the economic troubles can be laid at Obama’s and the Congress’ feet. Rather than tighten their belts, they are spending like drunken sailors.
Haven’t you ever heard of that old adage, “Sometimes you have to spend money to make money.”?
Probably not.
Uh, that only applies if you’re actually trying to *make* money.
Who isn’t trying to make money?
The government? Specifically, this government?
do you believe in the the Illuminati too? and that there is Alien Tech at the Nevada testing grounds?
I don’t mean that sarcastically — that’s the point of government, after all, to provide for the common defense and welfare so that for-profits, not-for-profits, and all the rest can prosper. Since government is designed to be a money-losing enterprise — though hopefully an efficient one — I think it’s dangerous to draw parallels from the private sector.
Take the stimulus package, for instance — rather than “spending money to make money” (or at least “spending money to help other people make money”), I think they should have just sat on their hands, or, if they wanted to be especially helpful, declare a tax holiday.
So, you regard management of country as some sort of charity? OK
Not on bridges to nowhere and social programs. The White House estimate for their jobs program is to spend $250,000 to place one person for a $50,000 a year job. Government programs like the ones in the budget have been shot down for the last 50 years as being economically unfeasible.
Why don’t you provide the rest of the picture? Of course, $250K for a $50K/year job sounds horrific, if you leave out the details, which, in fact, you have. Care to clear up the mystery?
I was thinking the same thing.. there has to be a catch in there somewhere.
There is.
um no actually, some of us waited till he went to war in iraq, which was more than a year in.
You forget, the White House has announced it is no longer war, it is “Overseas Contigency Operations”. Besides, we found 600 tons of yellowcake uranium, 60 tons of mustard gas, and over 50 tons of Sarin/VX nerve agents. Besides, the Iraqis broke the 1991 cease-fire every day since 1991, firing at aircraft in the No-Fly zones.
Why would there be aircraft in a no-fly zone?
American/Coalition Aircraft patrolled the no-fly zones to ensure Sadam didn’t use aircraft on the Marsh Arabs and Kurds. Sadam’s military shot at those aircraft every day. Star & Stripes was the only newspaper to report it. The cease-fire signed by the UN and the Iraqis was very specific and Sadam broke it every day from 1991-2003.
Thanks. I don’t pretend to be an expert on every subject, appreciate the clarification.
So it’s more of a “Nobody-but-US Fly Zone”
Your information is faulty. Even Fox News admits that what was found in Iraq was left over from the first Iraq war and not even usable anymore.
Mmmmm…I love yellow cake. But the cake is a lie!!
But the very existence of yellowcake means they were planning to make Twinkies, and everyone knows those are indestructible.
What gets to me is how many times I’ve heard this and seen it proven wrong. I no longer even have the time. First it was a lie, then it was old stuff, then three more rounds of hearing about it each being lies. If people would quit lying about it it would make it easier to have this debate.
No, he doesn’t.
The whole Yellow Cake crap was just Neo-Con FUD.
Seriously, folks.
Expecting a politition of any party to do what they said they would do is foolish.
Yeah, when he campaigned on reforming healthcare, alternative energy and education, I thought he was actually going to do what he said. Oh…wait….
How’s that Iraq war coming for you suicide_blonde?
“March 24th, 2009 4:59 pm
Barack Obama has warned the war in Afghanistan will continue for years, vowing the free world must not back down in the face of “vicious killers”.”
Just keep mindlessly backing your candidate and never question what he does.
By the way, if your name has “suicide” in it, isn’t that a bit of a fail on your part? Being that you aren’t dead and all.
And your name is an elipse, meaning a long pause. So shouldn’t you be quiet or is that a name fail on you?
Oooh you’re a cheeky one! S’matter, still upset that those last two Bush votes turned out so poorly?
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I have to hand it to you though, Obama also campaigned on staying in Afghanistan and reducing troops in Iraq, good point.
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I’m not blonde either, jackass.
Which I guess just means that you’re not good at coming up with an accurate nickname for yourself.
(Btw, Foamer doesn’t mean what you think it means)
So…you’re not rabid, then?
Maybe Foamer is a barista? Or….works at the carwash? I’m not getting much.
maybe Foamer is an upholsterer?
I got it! S/he is that soap that comes out of the dispenser already foamed up! Wait a minute, I have neither Jane nor St.Clair in my real name nor does anyone I know. Does that mean I have to change it?
*steps forward for my turn at fessing up*
I am not really a poorly named Dark Dragon God… T_T I am shamed!
Next thing you know, Unc is going to tell us he not really a member of the Addams Family. I’ll be crushed.
I’m not one’s Uncle, and am not called Addams….
Surely you’re someone’s “funny uncle” right?
But you are rotten…
Godfather… 4 times. That good enough?
I actually am a Charro.. does that mean I can’t hang with the cool kids anymore
’s okay, Charro…I’m dissimilitude because I never quite fit in anywhere.
Just means you’re the real deal Charro and we are posers. *is not worthy and bows*
Diss being a real deal too. *bows*
My name is actually Eric, but I don’t actually live in the STL. *sobs*
I live in the suburbs of the STL. There. I got that off my chest.
@Eric: Poser.
*with hugs*
In my defense, nobody actually *lives* in St. Louis anymore. That would be *insane*. It’s dangerous there!
*ducks back in for a minute*
Could be worse. You could be “Eric-in-East-STL”.
and i’m ubr because i’m over everyone. (i’m 6′4″)
Hmmm, 6′ 3″ so you win this round…
The only thing ‘froofrou’ about me is my liking froo froo drinks on the few occasions that I imbibe. If it ain’t sweet, I don’t want it
5′ 8″
but I’ve found a well placed blow or twist royale to the scrotum renders 6′ 4″ to 3′2″ in an instant….
Hubby always said that a giant will fall just as quick as a short man if you place a a well-timed kick to the kneecap.
And we care because… Oh wait, we DON’T care. Phew. That was close.
And I am not that much of a voodoo loa. Go figure.
‘S Ok, I’m not much of a musician, either! I’m more of a roadie for the kids. So I guess I’ll have to change to RoadieMom.
What did I say in my first post?
“Seriously, folks.
Expecting a politition of any party to do what they said they would do is foolish.”
Does that sound like I voted for Bush? Are you one of the retards who thinks the United States has a two party system?
Open your eyes, or get moving on that “suicide” thing.
Oh, you’re a Ron Paul voter! That explains a lot.
You are aware that Ron Paul is a republican right? By the way, how is that Iraq war going for you? You have yet to answer me.
Right you are, I forgot he ran as a Republican this time. Libertarians are so 1988.
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Still not sure what exactly you’re question is on the Iraq war…
*your
What war in Iraq? The one where Obama has started pulling troops out in large numbers and sending them to Afghanistan just as he said over and over that he would while campaigning?
Yeah. Politicians NEVER do what they say
Hey, I think Ron Paul has some excellent (if hair-brained and impractical) ideas!
I do give him props for having the balls to openly declare himself anti-prohibitionist.
He did have some excellent ideas, but they’re peppered in amongst the bat-shit crazy ones
Totally! Some good ideas…and then there were the ones that made me pray that he never won political office!
Oh. And I am female, and totally viking in heritage…
It still sounds like you are bushist in your making-up-of-words.
Politition? Really`Someone who’s involved in … politits?
.
Mmm, poly-tits …
I think you better rethink what you wrote, or at least reread it next time before you click the add comment button. Obama has promised to pull the troops out of Iraq, so how does that jibe with Afghanistan?
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Also, you obviously have no understanding of he meaning of Suicide Blonde.. INXS rocks, man!
Obama has already delayed pulling troops from Iraq. SOME of them are set to come home months after his first promise. Are you going to try to hide that fact?
Politics is lies. The more you fight that fact the harder it’s going to be to pull your little ideas out of thin air.
Obama has consistently said, throughout the campaign, that he would withdraw troops from Iraq in a timely and orderly fashion, after consulting with his military leaders. This has not changed. Please quit trying to make something out of nothing.
Agreed! If memory serves, Obama said he would like to start pulling thr troops out by October.. is that correct? It’s only March FFS.
So you think it’s that easy to just say, “Ok guys, come on home” after being in office for 9 weeks? Can you even imagine the logistics of pulling that one off? We have a few years of occupation to deal with. If the war had been an 8 week cake walk I would see your point.
Do you consider 22 months to be “timely”?
My mother always used to say “better late than never!”
22 months isn’t unreasonable considering how long we have been in the region.
Can you imagine the hell of simply shipping out?
Memories of Saigon…
Exactly! And that one was a forced retreat!
Do you have any idea how much STUFF we’ve got over there?? Some of that can’t just be left behind for whoever to grab. They can’t come home fast enough for me, but you have to acknowledge the sheer complexity of just moving the materials.
A lot got left booby trapped in Saigon… a few of us remember the unholy scrum that was the airlift… anyone white being hauled over the wall…
He has delayed pulling SOME troops out, but a large number are already being moved from Iraq to Afghanistan as are many being deployed from home to Afghanistan rather than Iraq.
I heard on Rachael Maddow last night that people were crying and complaining that President Obama is (get this) actually fulfilling his campaign promises. Are we Americans something else, or what?
O_o… Please cite that if you can, I need to read this. That is just… Wow.
DWN, would you really be that surprised if it was true?
Sadly, no. I’ve already pulled my set of gaffes for the day at work so I might just hush until lunch time… My belief in the stupidity of humanity, myself or otherwise, remains firm.
In bed, with a chainsaw, screaming at posters.
One should never underestimate the stupidity of humanity.
We are really good at stupid; even the smart people.
What is the quote from ‘Men in Black’? “A person is smart. People are stupid.” Or something like that
Oh man, I think I will just sit here and see the flamewar begin.
*yawn*
no lolz here.
It’s okay, we are talking about my Wang above. We could always talk about the fallacy of Godwin’s Lawbreakers and how silly it really is?
i’d rather have a discourse on the wanginess of a wang sandwich and whether or not the elusive wang taco ever existed.
I thought wang and taco went together.. so to speak..
Well, yeah, it’s the #12 combo at Taco Bell.
*sniff* ain’t no Taco Bell down under.. just a cheesy knock-off called Taco Bill’s.
“I’ll have the #12…hold the wang.”
*blinks* but then it wouldn’t be the #12..
I know…I just wanted to say “hold the wang.”
LMAO!
WIN!!
You might not want to try that at my local Bell…the guys that work there would be so confused as to how they were supposed to get your order out at the same time the whole place would shut down.
(Oddly enough, that’s where I got lunch today. Brought some to my dude at his workplace and we got to have lunch together for a change! Put me in a less hostile and grouchy mood…)
Ah…you must’ve had the #12 then
Let’s just say the location was not conducive or appropriate for the full #12. I did offer to lick nacho cheese off of him, though…but we didn’t want it to end up on the local (or national) news.
lol, of course not.
“a wang sandwich”
`
A wang between two other wangs? Woo-hoo!
With respect, they’re not breaking Godwin’s Law, they’re fulfilling it…
Fulfilling it like a gangbang but I will concede to your point.
i had a philosophy project on utilitarianism. Smart, and act utilitarian, totally broke godwin’s law in explaining how saving a drowing man is general is good, but sometimes it’s not, like if that man is Hitler. I laughed so hard thinking of you DWN
I’m in your Philosophy class, wanging your projects and lectures…
I’m having a hard time explaining the wang prints on my my papers :<
You’ve been doing a little reading around the subject and enjoyed the works of de Sade?
It is the price you pay for… Um, not freedom. We’ll go with wang…
The lol isn’t at all funny.
The high-pitched hysterics it is sure to cause will be HILLARIOUS.
Gotta love unintentional performance art.
HILLARIOUS? was that supposed to be a hilarious hilary pun?
It -shouldn’t- be enough time, but he will somehow always find a way to exceed expectations.
Nine weeks? Barely a blip.
Eight years? Just getting started.
Barney Frank’s been sinking the ship since 1981. That’s how it’s done, n00b bitches.
Just remember: when the DOW started dropping in November it was Obama’s fault, and when it rises again, it’s not because he’s doing well. Just the opposite of what these righties have been saying for the last eight years.
O_O
Obama wasn’t even President in November…
Exactly, and yet I had doofuses (doofi?) telling me the market was tanking because of a man who had barely been elected, much less hadn’t been sworn in yet. And when the market continued to slide after Obama made his various policy announcements, they told me that was proof Obama was bad for business. When the market rallied following Geithner’s speech last week, these same people told me it was because of Bush policies… Totally incomprehensible, really.
the fact that you and other people still think that politics has such a great and measurable impact on the DOW makes me laugh…
or that the DOW is a great measure of a politicians success
Who cares what policies are being put in place, as long as the Stock Lottery keeps paying out!
I’m not sure Portland Mark does think that politics is a great influencer. However, in a critically balanced dynamical system, where a point change on a 4th or 5th decimal placed measurement can make significant differences down the line, coupled with people’s innate greed, stupidity, and general tendency to panicThere will be an effect over time, with an arbitrary lag between cause creating effect.
The issues in modelling this are two fold (from memory)
1) determining the resolution of criticality (is a point difference in the 5th dp or the 6th the cut off)
2) determining the time T(subscript l) that is the lag between a ‘causal’ event and it’s reflection in market trend as the effectual event.
there is an implicit are of complexity in these issue, around how many dimensions are there in the phase space of the system.
In many ways, modelling even short term trends is a bit like predicting the weather. You can throw three to five Cray computers at the problem, and you end up taking a blind stab based on the statistical spread of the modelled out come…
But moving away from my theoretical mulling, politics may not be the primary driver of ‘the market’ but it does have a effect… just not as great, nor as immediate as people like to pretend. So I partially agree, but contend that the market, being influenced by people, is as much prey to politics as is it to media, as it is to the weather. After all, I remenber when volatile memory prices could be predicted by watching for typhoon reports in the Bay of Kowloon… they maybe still can. There T(subs l) was, for the EU, 3 to 5 weeks, depending on shipping and where in the bay the storm was…
I still say I’m all about the exchange rate!
another dimension of phase space… which do you favour? Strong dollar, or weak one?
It depends on which the currency is going. At the moment I’m pulling dollars over to Australia, so a strong one is preferable. I tend to keep an eye on the rates as I’m often having to move money back and forth.
*way*
with my interests, I do a lot of conversions.
I tend to regard currency as arbitrary. I miss the 2.10 to the GBP days, but I’m not that fussed
WIN
*pops popcorn, grabs beer, waits for drama to ensue*
Shove over a little and make room, then. Butter on the popcorn?
*Scootches over, passes beer, drizzles butter, kicks feet up*
*opens beer, noms popcorn*
Thanks!
did someone say beer?
Will there be strippers?
I can kick my shoes off if you like.
That’s a start anyway..
*grabs gun* Don’t worry, I’ll get her to dance…
You silver tongued cavalier!
*points out that it is a super soaker and hoses Diss down* Now it is at least a wet t-shirt contest. And yes, my wit is sharp, my tongue is silver, and I haven’t been sexed in two days so Dance Diss Dance!
Yay! Super soaker time!
*Dances….badly*
*sighs and just pays attention to the jiggling with a depressed smile on my face*
Threatening a woman to dance with a watergun… This is the highpoint of my day. Ooooh, boobies… @_@
I always miss the parties.
*blasts Charro with super soaker* Better?
@DWM aren’t boobies always the highlight of the day?
Or is it just me?
I like them better when I don’t have to threaten to get them. I am nice like that.
*squeals and jiggles* Thanks DWN!!
How the f*ck is this even remotely funny?
GOD!
But this is …
…remotely.
vaguely?
obscurely?
faintly?
asymptotically?
precisely!
It’s not supposed to be funny as in ROFL. It’s funny in a kind of whistling past the graveyard New Yorker way. Most of my lols are like that.
Even the explanation sucks.
Now THAT actually made me LOL
Chas. Addams was a god…
If you have to tell me how it’s funny, it’s not
I’m sorry but lols fall under the free choice heading. Stop being lazy and go make some funny ones.
Oh GOD, shouldn’t that have been GOD-dess?
Aw, c’mon, everyone knows God is funny. Just ask Alan Rickman.
Or look at the platypus. I swear, God had to have done that just to screw with people.
As an addendum, I <3 teh Alan
“When someone says their speaking to God they’re actually speaking to me. Or they’re talking to themselves.”
*they’re*
Hehehe. I think that says it all.
I guess you wrote the “Tax Codes” LoL?
I must have missed the “Greedy Liberal” checkbox when I filled out my tax return this year.
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Damn, could have saved myself like $12,000 this year if I had only known about the Greedy Liberal tax exemption code!
HAHA! I knew about it, and checked it anyway because I’m a greedy Republican… pfffft
I’m not liberal and I still went ‘WTF?’ Would you care to elucidate?
LOL, it’s funny to think that the deregulation that led to this crisis actually began in 1997…
and passed unanimously in the house and senate and signed into law by clinton…
.
all right class, everyone needs to go home and do some research on derivatives and how they completely screwed our economy.
*snort*
Don’t hurt yourself Eddie.
I assume you’re familiar with retranching?
yup. but derivatives are the bigger problem. chopping things up into smaller pieces doesn’t usually do anything except obfuscate the situation. derivatives are the pony races of the banking world…
I’m not a financial wiz, but isn’t the slicing up of the ‘pie’ what started this whole mess to begin with?
nope. that’s what everyone’s blaming it on so no one notices what derivatives are and how they screwed us over… currently derivatives are completely unregulated. through derivatives backs can invest major amounts of cash in ridiculously risky investment structures and strategies and not report those risks to their investors or to the federal government…
That’s securitization.
haha… you’re playing word games… securitization / tranching / pooling / repackaging… blah blah blah… it’s all same thing when you get down to it…
in case you didn’t believe me… here’s a [link]
No, I asked about REtranching, which is something entirely different — in contact, essentially, FNMA would take in junk MBSes, change nothing, and reissue them as investment-grade securities. It’s important here because even something as simple as a standard option as an MBS is impossible to price if it turns out someone was deliberately lying about the creditworthiness of your underlying.
The point is that there’s much more to it than just “derivatives are bad”. Yes, some derivatives exploded because they weren’t well-enough understood, but that’s the fault of poor risk management. (And why those firms should be allowed to fail.)
Unregulated trading, by the way, doesn’t just imply shady default swap trading — plenty of standard stocks, commodities, etc. are traded off-exchange.
you do realize that you just created your own word, right?
.
and what you’re describing is how derivatives work. crappy investments are repackaged as bonds with triple a ratings from s&p or moddys and then sold as if they were legitimate investments…
.
i’m still not even sure what your point here was, but your line “deliberately lying about the creditworthiness” made me laugh. the fact that derivatives are completely unregulated means that the obfuscation happens constantly…
Okay, you backed something up with Wikipedia, and now you don’t recognize words — clearly you have no idea what you’re talking about. Feel free to ignorantly rail against the financial system, however; we love that.
Pro Tip – if you use words in the english language, you can make sense and be understood.
Not in China.
What if they can speak English, huh? WELL??
Dictionary.com? Really? That’s your technical jargon site of choice? LOL!
Given that, I’m guessing the rest of this discussion is going to be way over your head, so just move along…
By the way, the term is originally French, which is why you can’t find it in your Guns, NASCAR, and George W. Bush Dictionary.
If you weren’t so hateful when you post, people might take you seriously.
retranche:
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en español | in context | images
verb conjugator
Multiple Entries:
retrancher retranché
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Pocket Oxford-Hachette French Dictionary © 2005 Oxford University Press:
retrancher /ʀ(ə)tʀɑ̃ʃe/ (conjugate⇒)
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1. transitive verb
1. to cut out [word];
2. to subtract [amount];
to deduct [costs].
-
2. se retrancher reflexive verb (+ v être) Mil, gen to take up position;
to entrench oneself.
-
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Pocket Oxford-Hachette French Dictionary © 2005 Oxford University Press:
retranché, ~e /ʀ(ə)tʀɑ̃ʃe/ adjective entrenched.
@Ubr
You’re arguing with someone who sweeps floors for a living…
You have the better graps of the issues at hand, rather than Dhoti’s PR infested right speak…
@froofrou: And as you’ve made clear, “hateful” == “agrees with froofrou on all but a trivial and predefined set of topics”.
@Testify: I don’t read French, so I don’t know if they use the term in their financial literature, though I suspect so. The usage is pretty specialized, so I’m surprised it’s not listed in that dictionary. (Kind of like how most English dictionaries don’t list the probabilistic definition of “prior”.)
Err, make that “not hateful”.
Dhoti, you pretty much disagree with everyone, and you make an ass of yourself when you do it. If you’d be less forthcoming with the insults, name-calling, and general feeling of hatred when you disagree, I for one would be more inclined to listen to you.
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I’m just trying to help you, here. If you come across as an ass, you will be treated like an ass.
@Unc–Hey now, don’t insult people who sweep floors like that. I used to sweep floors and I’m not nearly as much of an idiot as this fool.
And, FWIW, I’m not exactly mainstream here. I stand squarely on the oposite side from most of the posters here when it comes to politics, religion, and pretty much everything else. I’m just not an ass about posting my opinion, Unless someone is being an ass.
I wouldn’t concern myself with frou’s lies if I were you either, Dhoti.
Fister has an obsession with brooms – I think he likes to sit on the handles and rotate. He ought to use lube, he gets cranky afterwards. And coming from a guy who calls himself a mathematician because he runs a cash register, the condescension is hardly credible.
You’re a hateful person. I suggest therapy.
And remind me again where I’ve lied?
@ Dhoti: On Wall Street, investment companies figured out years ago that they could make safer investments out of these risky and scratch-and-dent loans by bundling them together and then retranching them. “Retranch”, from the French retrancher, means “to recut”.
Oh yeah, and there’s a link here on my name.
@froofrou: You seem to be on the right edge of the acceptable social spectrum for PK, yes. But that spectrum is still, I assert, a small, left-shifted fraction of the general spectrum as a whole. It’s the reflexive hate to anything outside of that range that I find amusing here — and quite frankly, if thought from outside the acceptable spectrum is considered to be hateful, well, bring it on. Sorry.
@Anniee: Hee!
@Testify — Thanks!
My buddy is an economics major. I’ve heard the term before.
I’m just not a neo-con, that’s pretty much it. I keep my more right wing views cloaked a bit because I’d prefer not to be fighting all the time, but the regular posters already know what I think. As far as me being on the right edge of the acceptable social spectrum, if you go back to when I first started posting, I wore my views on my sleeve (as you seem to be doing), and I kept getting smacked around for it. I prefer not to be abused all the time, and since I’ve deveolped several very good friendships through PK, I’ve toned down the rhetoric. I’m not going to change anyone’s mind, so what’s the point of being a b*tch about it? There is nothing wrong with being nice, and getting your point across in other ways.
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I’m trying to help you, Dhoti, honestly. I know what your political beliefs are, and so do most everyone else in here. If you could manage to find a nicer way to put things, people would listen, and you might actually have a chance at changing minds. Otherwise, you’re just smacking people with your Bible and expecting them to convert. Flies with honey, and all that rot.
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I can speak from experience that the ‘reflexive hate’ that you’re feeling is not because of your beliefs, it’s because of your manner of expressing said beliefs. Don’t freak out when you’re challenged, just come back and wipe the floor with the challengers with cites, insightful commentary, and killing them with kindness. When you’re in the minority, you can’t shift the tide by being an ass.
retranch means to recut… lol.
a tranche is a slice. a division of a substance in order to value them differently…
retranching is a buzzword which lacks all meaning…
@froofrou: I appreciate your perspective, but I think it’s a mistake to treat an enemy with respect when they’ve shown a complete lack of it in return. We’ll just have to agree to disagree on that point.
@ubr: Either it’s a made-up word that doesn’t exist anywhere, or it’s a buzzword — by definition, something well-known — that should be plastered all over the place in its empty glory. Which is it?
@Dhoti: lol!
retranching is a word thrown around by people who don’t understand the meaning of the word tranche in the first place. therefore it’s a buzzword and a made up word at the same time…
.
and if you want a definition for buzzword [link]. the second paragraph applies especially to you…
I can respect your opinion
The only reason I say treat with kindness is that being as how us right-wingers are in such a minority that we really can’t change the tide without being ‘the bigger man’. Personally, I think treating posting here as a war with enemies is a little silly, but to each his own.
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You can take my advice as worth exactly what you paid for it, but just remember, being the bigger man in the argument is always a good idea, especially if you’re trying to convince someone of something they are categorically oposed to believing.
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Anyway, thanks for the nicely worded response. I shall leave you along to your fight now
That was a REALLY revealing post, froo. Very. You remain silent and even join in the bashings in order to curry favor with abusive people. Nice. There’s a name for that, you know. And it ain’t “good lady.”
Dhoti’s a hell of a lot nicer than me; you folks should have been glad to have him/her and not been such jerkoffs. Oh well, now look what happened!
But you said I just made it up. Am I that good? Did I manage to make up a word so awesome that it spread like wildfire and became a recognized buzzword in the last two hours?
I bash stupid, regardless of what side of the aisle it’s on. If you paid attention instead of cherry picking because you don’t like me, you’d see that.
“being the bigger man in the argument”
Before or after the gay-bashing? In between supporting people who call Christianity a mental illness perhaps? It’s so confusing, I’m still not clear on how much abuse I have to dish out in order to be a “nice person” and get a “good reputation” here…I guess I’ll just have to watch and learn from a pro Judenrat.
retranching is NOT a word but it is used by many people who
don’t understand the meaning of the word tranche.
.
damn, i feel like i just said the exact same thing a minute ago…
oh wait…
i did.
I’ve never bashed gays. You’re cherry-picking again.
@froofrou: I meant the 52% in general, not specifically the PK posting audience. Though there’s obviously overlap. I’ll keep you in mind in the future, though.
@ubr: You did, and it was logically inconsistent then, too. Don’t sweat it.
Pleasure speaking with you, sir
And trust me, I’m a hell of a lot more right-wing outside of PK, but that’s because I live in a red state and can get away with it. If I lived in a blue state and was constantly called a dumbass because of the way I voted, I’d probably act the same way IRL that I act here. It’s a defense mechanism, and not for everyone. But, as I said, to each his own.
you want to prove that your word is not fake? point me to a relevant link that proves it.
Now I really am curious.
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this financial site uses it.
This book uses it.
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link
This book uses it on page 160 and 161. Sorry for the bad link.
no it doesn’t testify, that would be the word LOAN. but nice try.
“And trust me, I’m a hell of a lot more right-wing outside of PK, but that’s because I live in a red state and can get away with it. If I lived in a blue state and was constantly called a dumbass because of the way I voted, I’d probably act the same way IRL that I act here.”
Holy shit, that’s disgusting. Are you sure you wanted to admit this??? Are you drunk?? Yeah, Judenrat is unfortunately entirely apt.
“The internet is far from the Jedi Library.”
Brilliant.
It’s in this quarterly financial report for Lyondell Chemical Co.
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link
I’m getting tired of the personal attacks. You need to stop it. Please. I’m also getting tired of the profanity launched my way.
@ubr: Look in the paragraph above it and the page before it.
Retranched is there more than once.
no, it’s not… the word ‘tranche’ is there, but retranche is not.
try searching google books for the word ‘retranch’…
and out of the whole internet you pulled up ONE document that uses the word… and they use it poorly at that… sorry, it’s still not a word…
Structured credit investor . com uses it.
testify… here’s where you’re going wrong…
in the real world we call the repackaging of tranches the repackaging of tranches, not retranching.
Yes, it is there. First paragraph, this link. Next page.
Annie loves her mental illness and her nazi regalia… cool
What I was describing is subtly different from repackaging.
And what does your job entail, ubr?
“I’m getting tired of the personal attacks.”
Yeah, me too.
“You need to stop it. Please.”
You can dish it but you can’t take it…interesting. Pot, meet kettle. However, this isn’t how it’s done, you see. What you have to do, instead of acting like an ass, is to dazzle me with logic and facts. It doesn’t hurt to hide your true beliefs at the same time, and just in case that isn’t enough, follow behind the nastiest people you can find and support their abuse of people who believe what you do.
You want to be left alone, stop attacking and engaging in sycophancy to the most vicious of other attackers. It’s that simple. It still won’t change your gay-bashing or bigotry, or your hypocrisy, but at least you’ll be left alone. Fortunately for you, I’m not a Fister type.
I’m not trying to go right or wrong; i just like fu*king with my friend who likes tof fling finance and economic words at me.
So is it a word or not? That’s the question.
Everything I can find so far says yes, it is.
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Also from: The Lexicographer’s Rules:
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On Wall Street, investment companies figured out years ago that they could make safer investments out of these risky and scratch-and-dent loans by bundling them together and then retranching them. “Retranch,” from the French retrancher, means “to recut.”
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In other words, investment companies take all the debt together and sell it to investors in a variety of new packages. That way, if any one of the risky mortgages failed to be paid back in time, the loss would be spread across many investors.
This is the second time it’s occurred since I formulated it, so I’m going to start calling it “Dhoti’s Law”. (Yes, I just made that one up.)
Given a discussion of sufficient complexity (I’ll leave it to the reader to precisely define “complexity”), Fester will show up to fling the contents of his adult diaper around.
And, right on cue…
She’s certainly taken a strange and scary liking to me, even though you’ve dinged her worse than I ever could hope to have, Fester. I’m not sure if it’s something deeper than just not being able to fit in, or if she’s got feelings for me. Could be both.
And I fooking LOVE this one, at this link:
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Yet another name for such loans is NINJA loans. NINJA is an acronym for “no income, no job or assets.” It plays off the idea of darkly clad Japanese ninjas, insinuating that someone is up to no good under the cover of darkness.
@Ubr
We’re getting into semantics with idiots… one of whom is a pretty poor sock puppet…
@Dhoti: Do you really use NINJA loan as a word?
I wanna throw this one at JT SO bad!
lol
I wonder how many kids’ arms you held behind their backs so the bullies could beat the hell out of them? (Hey, it saved you from a beating, right?) That is what “nice” people do.
@Anniee: I’ve never bashed gays, you’re misusing the word ‘bigot’, and I’ve never been hypocritical about a single thing I believe in. Not poking bears is hardly hypocritical.
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You, on the other hand, have made unwarranted attacks against someone who was trying to help you figure out the netiquette on this site, you’re bashed, maligned, called names, and been a general pest, all while decrying anyone who challenged your beliefs and asked you for back-up.
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You need to go back and study the actual definitions of the words you’re throwing around so you know what you’re saying, versus just regurgitating something someone called you one time that stuck in your brain as a good insult.
@Testify: I could see that version being called repackaging of tranches as well, but not exclusively. However, since ubr is throwing his weight in the “real world” around, by all means, continue with the prodding!
*you’ve bashed, that should read.
@testify – tranche is french for ‘to slice’. there have been tranches for years. that’s how you can differentiate the worth of different investments and separate them by categories of risk.
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@dhot – what does my job entail?
making money and avoiding idiots like you who try to sell things they don’t understand, like derivatives.
.
how about you? you sound like people i know who have a series 7 and still couldn’t find their ass with both hands… best of luck to you… i’m out…
@Testify: I’ve definitely heard it tossed around. But since it’s so obviously shady, no one’s going to have a “ninja loan” section in their annual report. It’s pretty awesome, though.
By the way, following up a plea for an end to personal attacks WITH a personal attack?
Idiot.
haha the socks just lost their train of conversation… nice call fester…
@ Dhoti: I’m not in economics, so its meaning is totally lost on me…I just want to know if it really is a word, and also NINJA, ‘cuz that’s too cool!
@ Anniee: You attacked, I attack back. You see how that works?
So, peanut gallery, any guesses on what ubr’s fancy-pants job in the financial industry actually is? I’m going to guess customer service dude in a Bank of America branch, but that’s just off the top of my head.
Though I hear those guys are swamped from the flow of complex securities that they have to deal with in between telling old ladies how to use the ATM.
@ubr: Thanks for the define, like I said, I’m not econ savvy so that’s not the purpose behind asking, it’s more b/c my bud likes to throw words at me to fu*k with me. So have you heard NINJA before? Either of you can answer it, no prob.
@Testify: Real enough. Have at it!
@testify – not many companies have done a stated income loan in over a year… so… ninja is not a term widely used. actually it was never used as a term in the loan biz. NINA, No Ratio, SISA, SIVA were though…
Froo – that last post didn’t fool anyone. No one. You’re just running in circles now, all butthurt. If you can’t take it, stop dishing it. And stop following behind the nastiest bashers with a pooper scooper just so they won’t accidentally attack you. It’s disgusting.
@dhoti – sure thing buddy… let’s talk more about how great derivatives are…
@ Dhoti: lol! Thanks! I’m USING that one. I know you can’t offically use it, but it’s interesting that you bandy it about as professionals.
It’s hilarious!
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I also like drama pricing:
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Now the real battle comes in trying to sell a house for any amount at all. Some people used drama-pricing. It means to dramatically drop the price for which you’re selling your house.
@ubr: Gracias. I don’t know why I find that so funny.
I’d totally ROFL if there’s a PIRATES acronym, too! Actually, I’m laughitn at the thought that there’d be a PIRATES…
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@ Anniee: Accidentally attack? I’m assuming that you’re talking about Fester with that one, and I’ll ask you do delve back into the archives to find where I first came onto this site. Fester followed me around for weeks bashing me for my religious views, and it took a while for me to figure out that he wasn’t bashing me personally, but that he was instead bashing the clumsy way I was expressing myself. I wore my feelings on my sleeve, got mad when I was challenged, and basically pissed everyone off by acting like an ass. When I finally took a step back to try and figure out why I was the only common denominator in the attacks being visited upon me, I realized it was my style that was getting pummeled, not myself personally. That’s what you’re having trouble with, and you need to figure it out quick if you want to hang around.
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Look, Anniee, I have no personal beef with what you believe in. I’m a lot more right wing than you, but when you come into a place with your gunsblazing, you can’t be surprised when people shoot back. If you’ll look back, you’ll notice that Fester is not the only person to attack you, nor am I the oly person to think that you’re stupid. I’m simply the only one you’ve fixated on, which makes me think that Fester has gotten to you, and me being nice to you is only an encouragement for your idiocy.
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Now, cut out the personal attacks, racist name-calling, and following me around, especially if you want to hang around. I’m not asking again.
@ubr: Haven’t heard SIVA –Stated Income Verified Assets Loan, right? I’ll use that one, too.
I try…
Jumping at shadows, Fester…not a good sign…
Not at all.
please, tell us about your important job picking up soiled toilet tissue at the Bank of America…
What happened to his broom? And who’s covering the register for you, Fisty?
Froodenrat…you seem a mite fixated yourself, eh? Interesting.
“and me being nice to you is only an encouragement for your idiocy”
I wouldn’t know, you’ve never tried that tack yet. Or was it when you “nicely” said I was like a brain damaged monkey? I forget.
“Now, cut out the personal attacks, racist name-calling, and following me around.”
If you stop, I’ll stop. If you don’t, I won’t. Not brain surgery, eh?
“especially if you want to hang around”
Again, I AM hanging around. This is me hanging around. Get used to it.
“I’m not asking again.”
Hehe. SERIOUS BUSINESS, these internetz, eh? I’m getting scared! But does this mean you’ll STFU now? Because that would be something really new.
They took the broom off him since he was a danger with it.
Kept sticking the pointed end in his eye…
As to the rest of Anniee’s sub-paranoid rant.
As I said on another thread…
anniee makes up stuff…
she invents being an ‘economist’, yet works shifts
she invents a ‘gay daughter’ while espousing fundamentalist Christian values,
she pretends to be in Mensa, while exhibiting an IQ well below 100
In the end, the best she can do is sexual insult, and accusing onthers of being Nazi, while barely knowing what the term means.
It would appear that Anniee is a mental cripple, a poseur and an easily exposed liar.
@ Anniee: Ah, so you’ve chosen the low road. Why am I not shocked?
Probably because it’s the only road you know, phony. NOW are you going to shut up? Because you keep saying you’re done, and you never are.
Anniee has the edge on being a phony…
anniee makes up stuff…
she invents being an ‘economist’, yet works shifts
she invents a ‘gay daughter’ while espousing fundamentalist Christian values,
she pretends to be in Mensa, while exhibiting an IQ well below 100
In the end, the best she can do is sexual insult, and accusing onthers of being Nazi, while barely knowing what the term means.
It would appear that Anniee is a mental cripple, a poseur and an easily exposed liar.
Oh noes! The crazy lady on PK wants me to shut up!!!!!11!!!eleventy!!!11!!!!
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Ah, thickheaded Anniee has another reading comprehension fail. Let me dumb this down: I will no longer ask you to try to play fairly: my efforts at rehabilitating your sorry arse are done. The glimmer of potential I saw in you was obviously misdirected. Get it yet?
So that’s the end of the open attacks followed by “Whaa! I’m just trying to HELP her and be nice and look what she does!”?
That’s good enough for me.
anniee makes up stuff…
she invents being an ‘economist’, yet works shifts
she invents a ‘gay daughter’ while espousing fundamentalist Christian values,
she pretends to be in Mensa, while exhibiting an IQ well below 100
In the end, the best she can do is sexual insult, and accusing onthers of being Nazi, while barely knowing what the term means.
It would appear that Anniee is a mental cripple, a poseur and an easily exposed liar.
My apologies to Fester for quoting without permission, but some things remain unaddressed:
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“Anniee has the edge on being a phony…
anniee makes up stuff…
she invents being an ‘economist’, yet works shifts
she invents a ‘gay daughter’ while espousing fundamentalist Christian values,
she pretends to be in Mensa, while exhibiting an IQ well below 100
In the end, the best she can do is sexual insult, and accusing onthers of being Nazi, while barely knowing what the term means.
It would appear that Anniee is a mental cripple, a poseur and an easily exposed liar.”
Not an issue…
the trick is the blockquote tag…
I’m sorry froodenrat, was your butt buddy feeling neglected that his unsubstantiated speculation wasn’t being answered? That’s what happens when you take the prize for being even lower than he is, and openly admitting it – you ended up with my attention.
It’s kind of cute watching you to compete for it, though.
In the same way that Two Girls, One Cup is cute.
To quote Fester again, who still hasn’t been answered:
And I think it bears mentioning that Anniee devolves into personal attacks when questioned, then accuses her questioners of attacking first.
It’s because she’s stupid…
Interesting, she critcises when she’s called neotenous (which she is) repeatedly and yet just recycles the same tired old insults ad nauseam, like repeating them is going to make them either more effective or amusing…
I think we can add her claims to ‘maturity’ to the list of lies. Vernacular is incorrect, and her protestations about her depth of wisdom due to experience ring hollow.
as an addendum:
Based on the amount of sh!t old Anniee spews, I get the feeling she’s one of the girls with the cup…
“then accuses her questioners of attacking first”
I know, such as when Olga expressed regret that more people didn’t like her lol, and I told her there was nothing wrong with it and to keep making them anyway, then you jumped in and said how stupid I was.
Fail.
Also, there is nothing there to “answer.”
Epic fail.
But anniee is stupid… she also lies.
total sidetrack here:
@ Anniee451 re: March 26th, 2009 at 5:40 pm
“Fortunately for you, I’m not a Fister type.”
not knowing you from a hole in the wall, i
personally could live without being informed
about your predilection for fisting (pro or am);
otherwise get the names right!
Hehe – fair enough. Have you seen the video (Link behind name)? Funny stuff.
@Anniee451 , sorry to burst your bubble, but that is not what is commonly referred to as “fisting.” before you think you’re all cute,
change your preferences at google to no filtering, then go to the image search page and enter fisting – then come back and tell us all how ‘funny’ you think you are…..
ignorantly rail against the financial system? rofl. go google search the term “retranching” and tell me what you get…
and yes, i do know what a tranche is. it’s a french word meaning slice which you incorrectly labeled as ’securitization’.
unlike you, i actually work in the financial industry and know what i’m talking about…
you’re dealing with a cretin, dear…
If you have to google the terminology, you’re clearly not deeply involved in the industry. Now, that’s generally not a problem, unless you’re throwing it around like it’s a qualification to misspeak.
your defense for making up your own word is that the internet is not a credible source for terminology.
No, I’m saying that the internet is often a poor source for detailed technical information. Sometimes, nothing beats grabbing your copy of Tuckman or Fabozzi and looking it up there.
Come on, if you’re in the industry, you know this — it’s not like Wikipedia has detailed descriptions, with greeks, of things like iron butterflies and texas hedges.
the internet is a poor source for detailed technical information…
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lol.
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dhoti, i’m not sure where you’re from but it sounds like a nice place to visit…
When you specialize in the field you’ll see what I mean, trust me.
haha… sure thing buddy…
Dhoti specialises in Fast Food and sweeping floors…
btw, please feel free to attack anything i said besides the fact
that you made up a word… i’d really like to see you say anything
knowledgeable about derivatives or tranches or securities…
I am waiting for that too. He is presented with dictionary cites and is arguing with them, citing himself as a source. It doesn’t work like that so I am sure you won’t get a reasonable answer for anything you mentioned since he is attacking sources instead of backing his stance.
@dwn: No. Again, if you read carefully, I was arguing against the colclusion that the lack of information implies a lack of existence.
When I look around this room, I don’t see a tiger anywhere. Yet I don’t assert that an absence of tigers from my field of vision implies that tigers are fabrications.
if you can’t find it on the internet, it probably doesn’t exist…
@Dhoti: I did read actually. You were LOLzing at dictionary.com among other things. Also, yes I understand that absence of evidence isn’t evidence of absence, however in a debate you can’t just say it exists without citing a source. Otherwise, nothing could honestly be countered.
That stated, I shall make one cheeky little remark and let it drop.
“I can find tigers on the internet…”
For Star Wars characters and Japanese ROMs, agreed. But most of the good stuff in my copy of Natenberg isn’t out there at all, much less distilled onto some general interest site like Wikipedia.
The internet is far from the Jedi Library.
(Except for the minutiae of the Jedi Order, that is.)
Since it was lost in the noise before, here’s the point I was making: derivatives in general are extremely valuable as investments in and of themselves, as hedges, as ways of creating and extending leverage, etc. I think it’s unfair to paint, say, equity options with the same brush as, say, naked CDSs. I can’t believe that you’re arguing that, say, hedging my stock portfolio with equity options is equivalent to pony racing.
The blame for the derivative-related collapse should fall (1) on the risk managers themselves and the short-term mentality of their firms: an exotic or new instrument requires a greater safety margin because of the additional systematic risk, and (2) on Fannie Mae: when they’re screwing around with credit ratings for their own political and financial gain, no one can accurately price anything.
derivatives in general are extremely valuable as investments… except when they are completely unregulated and the risk managers can’t even figure out what they’re investing in in the first place.
you know all those people that were at AIG that got million dollar bonuses? they’re trying to unwind derivatives that they have no clue what the money actually goes to.
derivatives are useful, yes.
have they been completely bastardized so that they helped cause the financial crisis we’re in now, yes.
.
and since you brought up credit ratings… do you know who pays s&p and moodys to rate bonds?
the bond issuers…
this happens every day and has completely screwed our economy over because no one can actually figure out what the money was invested in.
See, I don’t think that’s a failure of regulation. Besides, if the underlyings are mismarked or flat-out wrong (like all those fraudulent no-doc loans), and everyone’s still figuring out the mechanics of the exotics, there’s no good information to regulate on anyway. All the feds are going to do is set up to cover their asses. But yes, I totally agree that they’ve been bastardized — I just think that more of the blame of that should be placed down the chain.
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Thanks to the bailout money, the million-dollar-bonus guys have been more interested in hanging on until bonus time than in actually unwinding their positions in a productive way for the firm.
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Yes, I’m aware of that, but think of it this way — if the rating agencies are producing crap ratings, their output is worthless and issuers will stop paying them. The market won’t tolerate stupid ratings. I have yet to talk to anyone who thinks there’s actual collusion here (though no one is that happy about it). And again, I think garbage in -> garbage out.
wow. you just summed up why the republican economic positions of the last 8 years have been complete crap. your reason for not pushing for more regulation is that you don’t think there is a way to regulate it… that kind of circular logic is what got us into this mess in the first place…
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and speaking of fraudulent no-doc loans… most of those were made by portfolio lenders and sold in DERIVATIVES and TRANCHES on wall street… not by FNMA.
As opposed to what, a society where the rich stay rich and the poor stay poor because the markets can’t function on a scale accessible to individuals? Were you also upset when subprime loans came about, because people who weren’t white and middle-class could suddenly work hard and buy houses in your neighborhood? No, I prefer a society of opportunity.
Clearly you have a very partisan box wrapped around this whole issue, though which no argument from me can penetrate. I don’t think we can get anywhere.
Best of luck with your career.
subprime loans? you mean where banks gave money to people who couldn’t afford homes at usurious rates?
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please pass whatever you’ve been smoking, you’ve definitely had enough…
Those damn uppity poor people, trying to invest! And those damn banks, charging a higher interest rate to cover a higher risk of default!
Traitorous, I tells ya.
hahahaha… you make me laugh dhoti…
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it’s not the bank’s fault that they set these people up to fail…
you do know that most subprime loans averaged over 10% APR and had 2-3yr introductory rates with massive adjustmentsafterwards, right? these weren’t 30yr fixed loans…
Not completely correct. Yes, 30-year fixed subprime loans (over 15 years) tended to have ~10% rates. Sounds like a lot now, but when prime rates were 7 to 8%, it’s not such a bad spread. Option and teaser ARMs started with much lower rates — under price rates, even.
sorry dhoti, but you’re talking out of your ass. again.
Sorry, I clearly don’t work as deeply within the bowels of the financial industry as you. Or at least that’s what you suggest, but don’t actually back up. My mistake.
Dhoti works in the janitorial dept of several organisations…
Oh, my god – did you ever see what Wikipedia does with inflation/deflation? Massive. fail.
Like you’d understand anything…
Steady… when I say it’s a crap shoot people get pissy.
*slams stack of chips down on table and grabs a drink*
Um…$10 on pass, I guess.
Derivatives are a bit like the side bets on the craps game
derivatives ARE the side bets…
I know it’s an alien concept for me, but I was trying to be kind about the whole Ponzi scheme…
No, Barack, it took a lot longer, starting with your friends at ACORN, on whose behalf you filed a lawsuit to make Citibank start issuing mortgages to people who didn’t deserve them. Then with the help of your friends Barney Frank and Chris Dodd, the practice became institutionalized and the banks tried to recoup their losses by bundling the bad mortgages with good ones as investments.
Ya’ll following this? The foxes are in charge of the henhouse!!!!!
Uhm, ACORN? You’re absolutely sure about that? Where’s your citation for that? I’m not a fan of ACORN, but I think you have your facts skewed a bit.
Chicago Sun-Times, April 1995 (I have the quote but I think the whole article is non-free): “You’ve got only a couple thousand bucks in the bank. Your job pays you dog-food wages. Your credit history has been bent, stapled, and mutilated. You declared bankruptcy in 1989. Don’t despair: You can still buy a house.”
Affordable housing is one of ACORN’s primary missions. They do this in two ways: pushing for low- and mixed-income housing in existing communities, usually in ex-projects and gentrifying areas. (All of this is on their website; none of it should be in contention.)
The other has been in soft power — lobbying for bills like the CRA, and organizing grassroots protests to browbeat banks and other institutions into making risky investments. Here’s a summary written by Madeline Talbott, directory of ACORN Illinois (and an Obama associate from way back):
http://bostonreview.net/BR21.3/Talbott.html
Eddie is now officially my favorite republican. I just hope the GOP don’t find him and draft him to run in 2012; that would actually give them a chance of succeeding!
But I’m a permanent resident in a foreign country. Can you imagine how THAT would play in the press?!?! Thanks for the vote of confidence just the same!
I would probably vote for him too. Then I would be consumed with more guilt than a Catholic girl on birth control.
Your imagery is rather, umm, evocative…
ACORN is a kind of Godwinesque word, which means that slowboat407 doesn’t really have an argument. I mean, if sending in voter registration cards with cartoon characters names on them (as was required by law, and the cards were flagged by ACORN as possibly spurious as a courtesy) is what passes for voter fraud, I think we can tell people like slowboat407 to STFU about the subject.
And how, pray tell, have you decided that Godwin applies here?
he is likening it to Godwin, not saying it is happening. It is becoming an idiotic point that many are bringing up like it is the ace in the hole for the argument, just as some do with bringing up hitler.
All you’re saying is that you’re dismissing it personally — fine, but that doesn’t answer my question.
I’ll try and explain, since you’re clearly a moron.
In an internet discussion, the use of the word ‘Nazi’ is often invoked to prevent more reasoned discussion and the longer a thread goes, the more likely soeone is to pull that shiv. The poster, Steaming Pile, is implying that Slowboat999 (who has also proven himself a moron) is using the word in terms of a post that is more or less “gibber meep BARACK wargle f’tagn ACORN blurk tthhhp”
as a method of seeming to say something de profundis, while shutting down ‘reasonable debate’ (although I know that, to you, hand slowboat, that’s a meaningless collections of syllables that may was well be Chaldean)
Thus, Steaming Pile thinks the use is Godwinesque, not an application of Godwin per se… It could be said that Babylon 5 or Star Trek has a similar Godwinesque quality, since, the longer a thread runs, the more likely someone is to quote, or reference some TV SF programme to illustrate a point.
Thus, you’re simply a retard.
By that logic, and I’m using the term quite loosely, that would make you a Godwinist, wouldn’t it? In any sufficiently long discussion, you seem to appear for no other reason than to fling your own feces around. I suppose that’s appropriate in some way, since the odds that you’re actually wearing an adult diaper while reading this are quite high.
It’s futile, but I’ll ask again — do you have an explanation that isn’t just a pathetic attempt to suppress anything you disagree with?
Erm, no… but it does make you a cretin…
Ah, I see you’ve progressed from the “make a retort that only makes sense to other knee-jerk smoothbrains” stage to the “pick one of my seven lame insults” stage of the evening…does that mean you’re nearly done with your tube of rubber cement?
“Muppet” is my personal favorite, but you have so few, it’ll come around soon, I’m sure.
Reminds me of something…oh yeah! HALLIBURTON!
Heh. Get real, ACORN is what it is, and people are going to call that shit out from now until it’s dead and gone. The left doesn’t like it, tough.
The right tends to get pissy about Halliburton and Black water references.
That’s tough too..
but then you’re an idiot.
Ooh, way to miss the point. How much do you get paid to post here, anyway?
Please, tell me what “the point” is. I can’t wait.
Wait no longer. [link]
That should work for Dhoti.. it’s slow loading..
So, are you agreeing that anything critical of The Lightworker is by definition not a legitimate part of the debate, and must be silenced? Or do you have a rational objection?
No, just that you’re a low watt bulb with a broken filament, bubba
See above. Word to the wise, pretending to be disingenuous only works if people don’t already know you’re an idiot…
Again, the fact that you can’t tolerate a dissenting opinion has zero impact on me.
The fact you talk gibberish has zero impact on the planet…
Steaming Pile (how apt that is!), you have not done much homework on ACORN, and clearly DHOTI has (thank you for the citation, DHOTI). You are focusing on the more ludicrous aspects of ACORN, which in itself should disqualify them for any role in the 2010 census (which is also under consideration). As the above article shows, they have a much larger role in community organizing.
Steaming Pile, I will not stoop to the same invective you tried to apply to me, loving liberal that you are, but I will ask you to consider what people have to offer before dismissing them so abruptly and crudely. Do your homework, use your brain, then try to bring something to the discussion that at least resembles reason and thought.
Slowboat is right. The New York Times reported on this as well as the Washington Post, Baltimore Sun, and Wall Street Journal.
Obama was an ACORN lawyer and trained community organizers (see thugs for job description) and filed suit on their behalf.
Barney Frank and Chris Dodd (among other members of Congress) both received massive campaign donations from Fannie Mae, Freddie Mac and every other financial institution currently asking for money. Dodd actually received “most favored loan” status from Fannie Mae.
At the time Fannie Mae was run by Franklin Raines, a former Clinton staffer who made $90 million in bonuses for his 5 years at Fannie Mae. During this same period, Fannie Mae loosened their loan requirements and lit the mortgage powder keg. Mr. Raines even testified before Congress in 2003 and in 2007, stating that the mortgage industry was fine even though some experts were beginning to see the cracks appear. His testimony refuted Bush administration requests to tighten down on dangerous lending practices.
Then he “amended spending reports” regarding his campaign.
link here.
Case Name Buycks-Roberson v. Citibank Fed. Sav. Bank
Fair Housing/Lending/Insurance
Docket / Court 94 C 4094 ( N.D. Ill. ) FH-IL-0011
State/Territory Illinois
Case Summary
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Plaintiffs filed their class action lawsuit on July 6, 1994, alleging that Citibank had engaged in redlining practices in the Chicago metropolitan area in violation of the Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691; the Fair Housing Act, 42 U.S.C. 3601-3619; the Thirteenth Amendment to the
Plaintiffs filed their class action lawsuit on July 6, 1994, alleging that Citibank had engaged in redlining practices in the Chicago metropolitan area in violation of the Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691; the Fair Housing Act, 42 U.S.C. 3601-3619; the Thirteenth Amendment to the U.S. Constitution; and 42 U.S.C. 1981, 1982. Plaintiffs alleged that the defendant-bank rejected loan applications of minority applicants while approving loan applications filed by white applicants with similar financial characteristics and credit histories. Plaintiffs sought injunctive relief, actual damages, and punitive damages.
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This case has received a good deal of press and blogger attention because one of the plaintiffs’ lawyers was Barack Obama, then just a couple of years out of law school.
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U.S. District Court Judge Ruben Castillo certified the plaintiffs’ suit as a class action on June 30, 1995. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 322 (N.D. Ill. 1995). Also on June 30, Judge Castillo granted Plaintiffs’ motion to compel discovery of a sample of Defendant-bank’s loan application files. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 338 (N.D. Ill. 1995).
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The parties settled the case on May 12, 1998, with an agreement that provided for waiver of some fees for class members, should they reapply for a loan, and also for various procedures to ensure that Citibank followed its own loan policies in a race neutral way.
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Andrew Nash – 06/02/2008
Read your own summary, then.
“…Defendant bank rejected loan applications of minority applicants while approving loan applications filed by white applicants WITH SIMILAR FINANCIAL CHARACTERISTICS AND CREDIT HISTORIES.”
ACORN, Fannie and Freddie didn’t cause this cluster-foxtrot. What caused it was the derivative bond market.
Mortgage derivative bonds became such hot properties that there simply weren’t enough mortgages being written to feed the demand for bonds. That demand jacked loan origination fees through the roof and the mortgage companies got greedy – wrote mortgages for anyone with a pulse so they could collect their origination fee, sell the notes to the bonding companies and not have to worry about whether the loans would perform. From there, you had companies using their own analysts’ reputations to package crap loans into bonds with artificially high ratings, then hedging their positions with insanely self-destructive derivatives like credit default swaps.
Fannie and Freddie were CASUALTIES of this mess, not culprits.
[crickets]
WOW..
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*hands Jazz a valium*
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Sometimes things have to get worse before they get better.
ummmm AMEN Jazz, seriously it is all about the money one thing you definitely can’t trust the government with is money! And while I clearly will not try to be as emotional about it as you, I will say that Obama is doing everything he said he would. I don’t agree with his economic policies, but I also didn’t agree with Bush’s bailout of wall street, the bottom line is politicians are voting to keep their fat cat friends fat and the every day American is getting screwed by all sides of the aisle. Impeach all of them and lets start over!
What is really needed are the following;
1) Limit Congressional term limits to no more than 12 years in office (2 Senate and 6 House). Before running for another office, elected officials must not work in elected office or government/government-related job for 5 years.
2) An elected official/government employee may take one gift per year from each lobbyist totalling no more than $50 (the price of a decent placque).
3) All voters must pass a basic civics test every 4 years. This includes basic American history, government, and current events questions. That way, you don’t have people voting who have no idea what the Constitution is. Those on welfare cannot vote (Thomas Jefferson stated that if people are allowed to vote for their own profit then Liberty dies).
4) Stop gerrymandering districts. Make each district equal in size based on population.
5) Stop all ear-marking.
sounds like a winner to me!
You had me until you got to #3. I don’t think you’ll ever be able to legislate that one. The alternative is compulsory voting so that by law, everyone has to. Also, why should people on welfare not be allowed to vote? Are you going to make employment a requirement to be able to vote as well?
Eddie, People on welfare are likely to vote for people who want to continue spending on social programs like welfare, there’s nothing wrong with having a tough time and being on welfare, but when you stay on it and make no attempt to get off it then there’s a problem. Just like people on welfare should be made to take drug tests…..
But, constitutionally speaking, you would never be able to pass that law. Just because someone is on the dole doesn’t mean that their right to vote should be waived. I’m not disagreeing with why you would want that law in place, I’m just saying that you can’t take away a right that has been granted to everyone.
Felons can’t vote, that is taking away a right that has been granted to everyone. I am glad you at least agree with the idea behind.
Felons lost the right to being part of a culture by breaking its rules. The question is, what has the person who gets laid off done to lose their place in the democratic process?
Unc,
How about being able to vote in favor of getting themselves more money, wouldn’t make them any better than a greaseball politician would it? Or maybe we could just make it say people who have been on welfare longer thann just getting laid off.
Nah, you’re just paranoid and greedy.
But if we don’t let folks on welfare vote, because they might vote for candidates who might increase those benefits, then we also can’t let folks who pay taxes vote for anyone who would lower those taxes. And folks with investments shouldn’t be allowed to vote for anyone who would enable those investments to improve in value…
People with green cards can pay taxes but they can’t vote.
Yet people who DON’T pay taxes get to vote because they were born here.
How phuked is that?
apple and oranges, matey..
Why? And how?
I work and pay taxes, my neighbor doesn’t and gets welfare, she got to choose the president, I didn’t.
How is that apples and oranges?
People with green cards are not citizens.. I live in Australia, I have permanent residency, but I am not a citizen. Guess what? I don’t get to vote here, yet I pay taxes in not one, but TWO countries!
And it’s wrong. Taxation without representation.
Different issue, it was his deal when he decided to reside there since he is using their utilities. I am pretty sure he was told these things up front.
america is one of the few countries which taxes it’s citizens in foreign countries and foreign citizens in it’s country…
A felon is different kettle of fish. Felon’s are not considered free, true?
No representation without taxation… has a familiar ring, no?
…or vice versa?
(By the way, did you know that’s the slogan on the D.C. license plates?)
Do I need subtitles?
Sorry, can we set them to Colonial Gibberish for me? Got it after I hit post.
Where’ve you been? That’s exactly the justification for confiscating the AIG bonuses.
If Congress passed a law saying “if you accept welfare, you are agreeing that you will not vote”, it’s up to you to choose.
TESTIFY!
Only if I’m subpoenaed.
Consider yourself SERVED! lo.l
*ducks process server and heads down fire stairs*
*gives cover fire with super soaker so Diss can better escape*
Thanks for having my back, DWN! ‘Night, all.
More wang baiting.
Okay, I’ll stop. I’m just getting excessive now.
Welfare recipients will always vote for whoever will give them more of other people’s money (yours and mine). My personal opinion is that welfare should be work-fare. Make them work 60 hours a week sweeping streets. Work-fare was tried several times in the 80s and 90s and welfare rolls in the area dropped dramatically as people went out and found better jobs. Unfortunately, the ACLU sued and it was ruled unconstitutional.
Again I refer to the Federalist Papers and writings of Thomas Jefferson. The founders were terrified of the uneducated voter and of the voter who is only interested in their own ends.
Like the voter who is eternally paranoid about ‘welfare cheats’ taking their money?
“whoever will give them more of other people’s money”
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I agree! I hate paying for people too lazy to work, although I do think welfare has an important role for people who truly deserve/need it.
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That said, “the voter who is only interested in their own ends” is EVERYONE. You just stated above that you don’t want your money to go to other people, and that IS looking out for yourself, no matter how you spin it. Most people are more concerned about themselves than anyone else, and can you really blame them? If they can’t put food on the table for their kids, why should they care about foreign aid to children in Africa?
Something to consider before you get all self righteous and claim that you voted for the good of the nation and not for your own values/well being.
People always vote their own prosperity
Welfare isn’t prosperity, it has become a massive underclass of lazy, worthless slobs that demand we give them money and housing while they don’t work. Welfare was never meant to be permanent. Here in DC, they have 4th and 5th generation welfare families.
I have no problem helping others when it is needed. Unemployment insurance, medicare, social security (that is badly broken), and charity (I donate close to $3,000 a year as an E-6). My problem is when those I am donating to want more and more.
Yes we all vote for what we think is best, but we don’t all vote to see what we can take from others. Wealth redistribution has never worked except to create a massive underclass.
I’m pretty sure the great depression ended with a massive redistribution of wealth in combination with the New Deal and WWII defense spending.
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At least that’s what I recall of History class off the top of my head…
I know of no economist that says that the Great Depression “ended with a massive redistribution of wealth”
References?
Although economic conditions improved by the late 1930s, unemployment in 1939 was still about 15 percent. However, with the outbreak of World War II in Europe in September 1939, the U.S. government began expanding the national defense system, spending large amounts of money to produce ships, aircraft, weapons, and other war material. This stimulated industrial growth, and unemployment declined rapidly. After the United States entered the war in December 1941, all sectors of the economy were mobilized to support the war effort. Industry greatly expanded, and unemployment was replaced by a shortage of workers.
But surely that’s large-scale government spending, hence big government, hence socialism? I have understood your previous logic, right?
Oh, it’s buying GUNS. That makes it OK. Good to know.
Chill, dude, it’s a direct quote from the source I provided. Click the link.
I didn’t interject any opinion or previous logic, period.
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The issue is that you didn’t interject your previous logic. If you’re going to use an argument, is must be equally applicable in all like cases. Providing a counterexample from a source that runs against your own logic would be exercising double standards.
The reason I came in a little hot there is because it’s a very common double standard and one that annoys me intensely.
And because it stuck me as funny.
But didn’t most of the war money go to the factory owners, industrialists, and “war profiteers?” It would seem that the money ended up in the hands of the wealthy, and (oh, I hate to use this phrase) “trickled down” to the others.
So that’d be opposite of Socialism, no?
Oh, I’m not implying that what was said made sense. I was just pointing out a glaring logical inconsistency.
WTF logical error?
I offered a cite of support.
Can you read?
You cited something that your own logic would argue against.
Maybe we need to start with the basics. When you argue X, you can’t turn around and go along with something predicated on Not-X, becuase that wouldn’t make sense. With me?
You previously argued against large-scale government spending full stop.
Your cite described an instance of large scale public spending as a god thing.
Ta-Da! Logical inconsistency.
Where did I say it’s a good thing?
And where have I argued with you before?
You haven’t. I normally avoid morons… what a mistake to make.
Have fun shouting at yourself as the men in white coats come.
Dude, I’m not SK, who made the original statement.
Your only “mistake” is illiteracy.
What would you call it when we went from having a wealthy upper class, and an impoverished lower class, to having a healthy and prosperous middle class as well?
The wealth moved from the upper class down to the impoverished, creating the middle class. That isn’t a redistribution? Just because it was earned by employing people at fair wages doesn’t mean it wasn’t a redistribution of wealth.
Wealth is essentially fiat; it can be freely created or destroyed. The development of the middle class was driven far, far more by the creation of new wealth than by the redistribution of existing wealth.
and all Jews are greedy, and working toward world domination…
Yes, I’ve heard the rhetoric all before…
Really? I’m gonna be writing freelance for a Jewish publication soon and that’s good information to know…oh wait, you were kidding, sorry. LOL (I really will be writing for a Jewish publication soon. Yay, me!)
Who knew derz Jews in St. Lou?
I’m not going to disagree about the whole Welfare problems. But you can’t just arbitrarily declare that people on welfare should not have the right to vote. You can’t have class distinction based on a person’s position in life. Otherwise, the right of women and minorities to vote never would have passed.
I know I do. I’m not going to deny it. I voted for the guy that I thought would best represent my interests i.e. those of the middle class.
If I could, I would rather vote for someone who actually IS middle class, but all politicians are wealthy…so what can you do but vote for the guy that seems the most genuine? I don’t have a crystal ball…
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You can replace Welfare Recipients with anything, be it Republican, Democrat, Native American or what have you and you’re statement will still be true. I don’t care who you are, you will have an agenda and you will vote for the person that has the same agenda as you. I don’t know how to fix the problem of welfare, but you cannot take away the right to vote because they receive assistance. Further to that, your comment is really bigoted because you’re implying, by referencing Jefferson, that people on welfare are uneducated.
Voters who are not interested in their ‘own ends’ are nothing more than robots doing what others dictate. I am aware that the founders were afraid of the uneducated, but I find it a stretch that they would be afraid of those who had a self-interest. Regardless of what side of the aisle you’re on, you will always have a self-interest.
I love you Eds.
Snap! You’ll always be on my Christmas card list as well..
So none of you ever vote for the good of the nation? Sometimes situations require hard choices and people suffer.
Welfare as it is run today has destroyed families, encouraged crime, and robbed generations of money (the War on Poverty is more expensive than every war than America has ever fought combined and has done nothing). We need to get people to work. The fact is, welfare encourages poverty and lack of education because it is pulled as quickly as possible once someone is barely able to get on their feet…that encourages people to stay on it.
I am not saying all welfare recipients are bad and I apologize if I came off that way, but wouldn’t finding them work be better?
As for self-interest, I have always voted for what I thought was best for this country, not for myself. That has meant there have been times I hated pulling that lever but I had faith that what was best for the nation would be best for everyone in the long run.
When self-interest involves lining your pockets with other people’s money it is wrong!
Ah right, so those bankers who drove the economy into the ground with Ponzzi deals should be disenfranchised…
Damn it, took the words right out of my mouth!
Eds: With a penis…
I have always voted for what *I* thought was the good of the nation. Does that mean that my idea is the only valid one? I would say no, because Obama is now president, even though I didn’t vote for him. But guess what? While I may be suspicious of his goals and plans, I’m at least willing to see how it plays out before I start bitching about it.
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As I’ve mentioned previously, I don’t know the fix for Welfare. And I seriously doubt there is one. It’s to engrained into the system and to pull it out by the roots would cause chaos.
The real problem lies in the justification of everyone having to have a job. when you get down to it, the invisible hand is amoral, it’s a matter of pragmatism.
I’d call this whole issue a symptom of broader social ills, of socal values based not on the good of individuals but of society or the economy or ‘the national interest’. “amongst all the works of man… of foremost importance must be considered man himself”. The right of any society to restrict and govern is founded on it’s need to provide care for the people within it.
Yes, in such a society, there’s free candy-floss at every street corner and the random oral sex fairy is a government employee. A man can dream, a man can dream.
You’ve seen government employees right? …
The HAS to be a hot one SOMEWHERE, surely? If not, then our fairy-winged companions shall be the first. A visit to the DMV could become a whole new experience.
Well I am sure some fellas from the gay community would be interested in showing us some fairies but I wouldn’t be interested in their services…
Cute girls in fancy dress do a number on my common sense, hence the wings. But as an equal opportunities employer, I’m sure there would be facilities available to all.
Tis possible. I wish your idea best of luck.
I am offended by this comment. Please do not insult us.
Merely offering a personal view of my own experiences. Hot public sector workers are very welcome to provide me with counter-examples.
E-mail addresses will be provided where photos can be sent. Please make sure to CC to my e-mail too.
Oh my god, this actually IS commie-porn! I’m living the dream!
Bulba, are you being insulted by me saying there isn’t much in the way of hot government workers or that there is a decent number of gay men who could be considered fairies?
I am assuming from your nesting that you are whinging over the gay comment, to which I shall point out all the lovely gay pride parade pictures we get regaled with and tell you to bugger off. If I am stuck with the stereotype of being a ignorant jerk because I am a straight, white guy raised in MS, you can deal with the fairie stereotype.
If you continue whinging, I am going to refuse to care. Well, I already refuse to care so you’re just stuck.
… Most people think their best interests are the best interests for the nation. Hence a two party system with branch parties forming and independent parties forming. Hence any fringe party, group, or militia, all thinking their best interests are the same as the country’s.
“Work-fare was tried several times in the 80s and 90s and welfare rolls in the area dropped dramatically as people went out and found better jobs. Unfortunately, the ACLU sued and it was ruled unconstitutional.”
I haven’t investigated this yet, but I would be willing to bet you have your facts totally wrong.
OH, great! That’s all we need, a bunch of lame-duck Congresscritters with years to go on their terms screwing things up with no accountability. There’s a reason we call them “representatives.”
I agree with three but I believe minorities would say that is suspiciously similar
to southern voting laws back in the day. So I don’t think something like
that would ever fly.
@sk – fail on #3 – unconstitutional —
for a broad post civil war article on disfranchisement:
{ttp://en.wikipedia.org/wiki/Disfranchisement_after_the_Civil_War#Educational_and_character_requirements } covered things like literacy requirements.
for the concept of having to be working to be able to vote — The Fifteenth Amendment (Amendment XV) to the United States Constitution prohibits each government in the United States from denying a citizen the right to vote based on that citizen’s “race, color or previous condition of servitude” (i.e., slavery). It was ratified on February 3, 1870.
{http://en.wikipedia.org/wiki/Fifteenth_Amendment_to_the_United_States_Constitution} should cover that lame brain idea — i believe it would be specifically the clause on condition of servitude.
Amendment XXIV (the Twenty-fourth Amendment) prohibits both Congress and the states from conditioning the right to vote in federal elections on payment of a poll tax or other types of tax. The amendment was proposed by Congress to the states on August 27, 1962, and was ratified by the states on January 23, 1964. {http://en.wikipedia.org/wiki/Twenty-fourth_Amendment_to_the_United_States_Constitution } allows anyone, whether real property holder (ie landowner) or not be be able to vote – also applies to whether or not a person can “afford” to vote, in other words have the funds to pay a poll tax.
furthermore this country is based on the very basic idea of no taxation without representation. i don’t know about where you live, but every state i’ve ever lived in has more than just the federal income tax levied against the citizens. sales tax, property tax, exsise tax, liquor tax, cigarette taxes, etc are all covered by this fundamental right (see declaration of independence if you can’t grasp the idea!)
go back to school, or at least crack a book or look up the actual documents that we all live under before you start demanding restrictions on rights.
why don’t you start here:
http://www.archives.gov/exhibits/charters/constitution.html
or don’t you trust the national archives to have an accurate copy online?
Great post!
thanks uncle fester
as a medically documented brain-damaged primate who was once
married to a wanna-be good ol’ boy who only managed to live up to
being an inbred cracker, i loathe stupidity, especially that which comes
cloaked in patriotism and ‘for the good of the our superior society’
some days it’s almost enough for me to want to turn in my ‘daughters
of the confederacy card, but then i find a new windmill to tilt at…..
it’s hard to walk away from a good fight
Side Note: Nice to see ya again.
South Park had the right idea. It’s sad when South Park wins and President fails.
Seriously. That bailout money should have been split equally and redirected to needy households with limits on where they can spend it. I’m pretty sure that would have boosted the economy. Instead, he never took into consideration big name companies were going to spend it on themselves. Practically everything, up to the porno businesses, got that money.
And Bush didn’t do as bad of a job as most think. Clinton loaned tons of money to other countries and then dropped agreements that they would have to pay it back. That’s what began to dig this hole. Bush just tried, during a time it couldn’t be done, to re-inburst the nation.
Obama is just something different – a pretty face – that mezmorized people with his voice but silently screamed socialism.
175 billion dollars, if you’re talking about AIG, divided among even 1/4 the population of the United States, wouldn’t do jack shit for anyone. I mean, it would be nice to have, but do you seriously think…do the math. You’ll see. Now if you’re talking about the *stimulus* plan, which takes spending to a whole new level, then we might have something. Except…not so much. Granted, 8 grand or so is more than 1, but it’s not going to pay off your house or anything.
Of course when you talk about paying for it, you’re only going to be making 2% or so of the people in the country pay for it, so it will most certainly make a huge difference to them. Not to mention the budget proposals, which go into unheard of levels of spending. In fact, if you raided those rich people’s houses (which you should, since they are evil capitalists who take more than their fair share) and took everything they own, raided their bank accounts and emptied them, emptied every bit of savings and investment they have…it still will not come anywhere near paying for any sizeable portion of the spending we’re doing now. Then you lose the most productive people, since you just took everything they have and they can’t hire people or pay their salaries anymore.
Yep, socialism is a grand thing, isn’t it? Tear down the fabric of society and expect good things to come from it…god, people are dumb.
THen AIG should be carved up and sold and the professional bodies should prevent the twats who drove it into the ground from getting a job working a Cash Register…
And you’re just a retard who scaremongers for her pathetic. lying, amusement.
Uh…it shouldn’t have been bailed out in the first place – remember who you’re talking to, boy.
A cretin? That’s all I hear, idiotic babble of a crippled loon.
As the Govt is major share holder, it can decide to do that, and it should.
Numbers, numbers…
Stimulus plus bailout = about 1.5 trillion altogether, no?
about 138 million taxpayers in the us (only 45% of the population pays taxes)
Divide it up equally… carry the one…
$10,869 per taxpayer. (hey, if you don’t pay IN, you shouldn’t get a pay-OUT, ya stinkin’ commie)
Wouldn’t pay off my house… but it’d pay down 25% of my remaining principal. That would do wonders for my future savings.
And if they divided it only among the taxpayers who make less than 250,000 a year anyway… well, I don’t know what that would add up to. There aren’t that many who do. A little more.
You’re not the “struggling families” they’re looking for. It isn’t like they’re going to give the money back to the people who put it there; this is Robin Hood, remember? Take from the rich and spread it to the poor.
Lets make up more lies, eh?
I don’t want to disagree with fester here – because I don’t entirely understand what I’m talking about. But is this entirely a lie?
I mean, MSN has a number here, in an article about how Obama’s tax plan will affect, people, and the first listing is:
Income: $35,000
Status: married, two children under age 17
Old taxes: $0 taxes paid; $2,900 received from government
New taxes: $0 taxes paid; $4,100 received from government
Difference: $1,200 more from the government.
.
Now, how is that NOT giving money away to people who don’t pay in?
.
Maybe I’m missing something because I’ve not seen fit to spawn and create future taxpayers.
Don’t worry — diagreeing with Fester is generally seen as a sign of robust mental health.
But your numbers are right; many of Obama’s “tax cuts” are in fact payments (payoffs?) to people who don’t owe any tax. It’s not a new wrinkle, either; this same point came up at various times during the campaign.
Look at your paycheck stub. Everybody who has a job pays taxes. Some people overpay during the course of a year, which is why they get refunds.
And how is getting a deduction for your child more outrageous than getting deductions on mortgage interest paid on your nine houses, on your capital gains, and on your charitable deductions, not to mention the cash you stashed offshore so it couldn’t be taxed at all?
“which you should, since they are evil capitalists who take more than their fair share”
evil capitalists – hmmm.
comparisons to Hitler – hmmm.
Strange how this administration is successfully vilifying certain segments of society. The politicians who are most culpable in creating and perpetuating the mess we’re in are pointing the finger at one group and fanning the flames of hatred – and most of you can’t see the parallel. Most likely still awestruck by this great speaker who promised “change”. He also used words like ” economic justice “. Early in his career he called the constitution an outdated document that didn’t address ” redistributive justice “. Everything he says focuses on one crisis or another, or some sort of injustice – playing on peoples’ fear and anger.
Anybody remember William Ayers ? I encourage you to read this article. http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=78929
It was plenty of time to double the national debt – what did that take, 30 days? Very historic. He spent more in 1 month than Bush spent in 8 years, including on the wars LOL It was enough time to break most promises – no lobbyists, no earmarks, etc.
Kind of cool, actually – to be vindicated within two months of a bad guy being voted in…you really don’t go into it expecting it to happen that quickly. Thanks Obama!
I’m no Obamamaniac, but even I know those numbers are just plain wrong.
No, he didn’t double the entire national debt in two months – pay no attention to the man behind the curtain.
Which national debt, yearly or total?
The total national debt is 10 trillion. Obama hasn’t spent that much.
The yearly national debt is another story. But if you consider the bailout Bush’s (as you should,) I think the number is STILL off.
I think she has comprehension difficulties…
National Deficit=National Debt in the wacky world of Anniee…
It’s commonly called the budget deficit, which was at $1.3 trillion after Bush, who inherited a budget surplus from Clinton. Anniee has been told, but is *willfully* ignorant on the topic, because it goes against the fantasy in her head.
We can all take any of her other economic claims bearing this example of her prowess in mind.
you complain about your politicians. in my country we have mayors who are acused of fiscal fraud and corruption run away to brazil, use the money they “earned” to perform plastic surgery, come back and before being found inocente(or guilty) by the court run for their posts and win.
or mayors who have offshore accounts in switzerland with more than half a million dollars and are still found inocent of corruption.
or a prime minister involved in so many scandals both hands and feet to count aren’t enough to count them.
:s
So see the complaining as more of a global issue and join in. Why can’t we all be friends*, eh? (I’d reckon most countries are seeing plenty of corruption and immorality and right now a lot of is surfacing thanks to the financial crisis.)
.
*) ‘r’ optional
Sounds like a square state to me…
hmmm…funny, it seems that we’re now in several trillions of dollars in deficit more with the Messiah than we were than with our previous moronic leader…odd…i suppose that this is the new definition of “hope” and “change”
Heh – yeah, it’s “historic.”
You’re gonna get reamed for that, though.
Obama’s plan isn’t even in full effect, yet people are already jumping to conclusions.
I like how people are blasting it with no counter-plan of their own. I guess the previous plans of Bush have done great, haven’t they……..even though they took place before Obama even took office.
“Insanity is doing the same thing over and over again and expecting different results.”
-Albert Einstein
At what point will it be Obama’s economy?
Interesting question… How long is a piece of string?
Interesting answer… How deep is the ocean?
Propaganda piece. Obama’s “full plan” is turning our free market capitalist Representative democracy and turning it into a central planning European-style socialist country. Why wait for him to do that?
Europe has better healthcare, better education, more energy efficiency, and ridiculously good looking people. Oh, and a lot less idiots. If we’re turning into Europe, why are you complaining?
Emphasis on the education, btw. Our education system is godawful in the United States. We’re subpar for a country that’s supposedly the hegemon, really.
Jesus H Christ, you people act like one of you could do better. Obama’s our president, give him a shred of respect. I respected Bush for 8 years and I couldn’t stand him. Those of you that criticize, I’m sure, go ahead and take a seat in the Oval Office and give it a shot…