Home > Jay Bookman > Archives > 2008 > September > 18 > Entry

This is the death of the Reagan era

Everybody in Washington is pointing a finger at everybody else — Republicans are blaming Democrats, Democrats are blaming Republicans, Congress is blaming the regulators and executive branch, and the executive is blaming Congress.

They’re all correct. They’re all guilty, it’s just that some are more guilty than others. And I’m more than willing to let the historians sort that question out, because it really doesn’t matter.

But this much we know already: The Reagan Era is over. The mythology of the all-powerful, all-wise market is dead. Dig a hole six feet deep and bury it, then plant a tombstone with the dates 1981-2008. It’s finito, kaput.

Under a deeply conservative, free-market-fundamentalist administration, the U.S. government now owns the biggest insurance company in the world and the largest mortgage company in the world. And according to the Wall Street Journal, Bloomberg News and other financial media, the Securities and Exchange Commission may temporarily ban short-selling on the stock market.

Short-sellers essentially place a bet that a particular stock will drop in price. They fulfill a critical pricing function in the market, but a lot of folks would like to believe that the collapse of the market has been caused not by market fundamentals but by overly aggressive short-sellers.

So the SEC’s answer is to ban them, which smells an awful lot like desperation. They’re trying to fix the game. And if investors see it that way, things could get very, very ugly.

Either way, the Reagan Era is over. We don’t know what comes next, but we do know that things will never be like they were.

UPDATE: The SEC has indeed banned short selling, but only in financial stocks. Stock futures are up on the news, but it seems driven solely by government manipulation.

Permalink | Comments (136) | Post your comment |

Comments

By BW

September 18, 2008 10:40 PM | Link to this

Agreed….and farewell. How look will the South continue however to vote against its economic issues? The country will more left out the desire to be for the more part centrist with a slight conservative tilt. Once gay marriage and abortion, Social Security and Medicare are legislated off the table one day…how will people cast their ballots then I wonder? I believe that whether or not the country wants to be progressive, it will be because the rest of the world is.

By RW-(the original)

September 18, 2008 10:45 PM | Link to this

Stop the presses!!!

Jay B can’t wait to bury Reagan again!

I hate to break it to you Jay, but you got the burial date wrong. I’m not talking about the actual burial of Reagan either, but the real burial of freedom, liberty, and the American spirit came in late August/early September of 2005. That’s when we became just another socialist Western European country, albeit still in our death throes.

We can fast track that fate by electing The Dunce or we can slow it by electing McBushie. Hopefully we take the latter course and hope he only serves one term, then we can usher in the Sarah’Cuda revolution. If you leftists hated Reagan just wait until President Palin runs the place for eight years.

By "The Corporal"

September 18, 2008 10:53 PM | Link to this

Frog in the kettle on this and many other economic, international, domestic and moral issues.

By Hillbilly Deluxe

September 18, 2008 11:24 PM | Link to this

For the most part I don’t have a big disagreement with what you say. I think the beginning of this actually goes back a little farther. When we left the gold standard we started to slide. If memory serves this was under Nixon, someone can correct me if I’m wrong.

I believe in free markets but if you let the foxes guard the hen house pretty soon you’re left with lots of feathers and nobody to lay the eggs.

The United States is basically like a giant pendelum. It’s never quite where it needs to be but when it reaches an extreme it starts back the other way. So now it is beginning to change direction and in 20-30 years it will be too far in the other direction and another course correction will be due.

I’m no expert on high finance but from watching the financial news on the international channels it doesn’t appear the rest of the world is in great shape either. Maybe we need to move away from Globalism and look after our own interests first. Nothing says we can’t trade, negotiate, and aid the rest of the world when we put our own interests first. Many times there will be no disagreement or conflict.

Maybe if they get a handle on this Wall Street mess they can start working on stopping the outflow of jobs and energy independence.

One question for you Jay, you say that short sellers fulfill a critical pricing function. I’m not disputing this but I don’t really understand it. Could you provide a brief explanation in layman’s terms? I think alot of us have a hard time understanding how trading of stocks affects a company since that company’s capital has been raised in an initial offering. I understand that a high stock price keeps shareholders and the Board happy and the CEO gets to keep his job. Isn’t it possible though for a profitable company to have a low stock price and one that isn’t profitable to have a high stock price? If so does the low price really hurt the profitable company and vice versa?

I guess in a way these are rhetorical questions but I wonder if I’m the only one that doesn’t really understand the ins and outs.

I do wish that both sides would quit pointing fingers and get to work. Don’t worry about whose fault it is just fix it.

By Davo

September 18, 2008 11:28 PM | Link to this

“The mythology of the all-powerful, all-wise market is dead.”

The Market is indeed all-wise…unfortunately it’s been hijacked by the Federal Reserve. It is an unconstitutional body of thieves who only look after the interest of themselves. We need to let these institutions fail and take our medicine about it; if we don’t than it just prolongs and increases the pain. Reagan didn’t start this mess but he did help it along.

By Wes

September 19, 2008 2:18 AM | Link to this

Jay,

There are a lot of problems right now. Do you really think that government is going to be able to fix them?

Most of the problems are related to fairly esoteric derivatives. Do you think that we should stamp down on innovation? A second part deals with leverage. Do you really want to say people can’t borrow money?

You seem to think that government can provide solutions. From what I have seen they don’t understand the problems in the first place.

I completely understand the desire to limit this kind of foolishness. Unfortunately most of the solutions will probably have a number of unintended consequences further down the line.

Farm subsidies were created during the Great Depression to keep prices higher. They haven’t gone away even though agricultural products are at an all time high and most farms are run by agribusinesses.

The military industrial complex was built to help us win WWII. Even with Eisenhower’s warning, the industry has blown up to epic proportions.

Think about the impact of Smoot-Hawley. Do you feel that today’s Congressmen and women are that much more competent than their forebears?

Please Mr. Bookman before asking Congress to help us out think about what their help will do.

By AJC/DNC Management

September 19, 2008 5:29 AM | Link to this

I guess the next column will be about the “boom times” of the Dhimmy Carter presidency.

And what about the common dimocrat theme present in every dispatch from the pinko nation-

We don’t know what comes next

We have no idea what to do.

It’s almost like we want the clueless to do something, yeesh.

Haven’t you libs done enough already?

By carole2

September 19, 2008 5:52 AM | Link to this

Jay,

This is the first time I’ve known you to be behind the curve! Martin Wolf of the Financial Times recorded the death throes of neo-liberalism in December of 2007. :-)

Wes,

You said, “There are a lot of problems right now. Do you really think that government is going to be able to fix them?”

My question to you is, do you think the markets can fix themselves? If so, why are the world’s central banks throwing so much money into them? And why are there are only two remaining major investment banks now when we started the year with five (and those two are standing on earthquake rattled ground), if they can really fix themselves?

We do agree that the much of the government, or at least Congress and the White House, did not understand the newest darlings produced by the latest “financial innovations”, such as the CDOs that were insured by the CDSs and sold as SIVs. But apparently, neither did many of the people buying and selling them. So I see imperfect information at the base of these asymmetric markets and wonder how they can possibly fix themselves when they have not yet gotten to know and understand themselves. Never mind that they should know enough to regulate themselves better in the future.

If you should go away for the weekend, do you leave your teenagers at home alone with the keys to the liquor cabinet, the cars and your sex toys, as well as a $1000.00 to spend as they see fit?

As for Smoot-Hawley, I’ll raise you a Glass-Steagall.

There may be unintended consequences down the line. The real question is if they will be worse than the unintended consequences we have right now from what is being called the “worst financial crisis since the Great Depression.”

Cheers!

By drew

September 19, 2008 6:10 AM | Link to this

Wow, I’m surprised AJC/DNC up so early on the blog after the way he got spanked here yesterday. But if blogging is your purpose in life, I guess you just have to lick your wounds and get back on the horse.

And RW…President Palin??? Bwaah ha ha ha!! Repugs are funny.

By AJC/DNC Management

September 19, 2008 6:43 AM | Link to this

By drew September 19, 2008 6:10 AM Wow, I’m surprised AJC/DNC up so early on the blog after the way he got spanked here yesterday.

This coming from a lib who considers America losing in Iraq to be a “victory.”

By Bud Wiser

September 19, 2008 6:50 AM | Link to this

I must have missed something. I thought Wall Street was actually in place and functioning before Ronald Reagan came into office. Tell us Jay, was the so-called “Great Depression” related to something on Wall Street, or just a period in history when people were sad all at the same time?

I have to agree with RW-(the original) on this one…you got the burial date wrong, at least on Reagan. Why is it that you liberals never miss a shot at Reagan, who you seem to blame for everything from A-Z? We conservatives generally leave your dead Kennedys alone, and other dead but lovable and laughable characters nonetheless such as William Fulbright, Tip O’Neill, and the living fossils such as Michael Dukakis, Dan Rostenkowski, Walter Mondale, etc. Hell, you libs dig up the dead Kennedys yourselves every election cycle and throw them all over TV, we don’t have to do it….of course, you forget in your little anthologies such minor details as Bay of Pigs, Chappaquiddick, Marilyn Monroe, Jimmy Hoffa, etc, etc, etc.

You know, the really peculiar thing about this article though is that I agree with you somewhat. If SEC and Congressional oversight had been functioning as it should in years leading up to this, the mess may have been ameliorated somewhat or even curtailed completely had some of the earlier scoundrels been publicly humiliated and penalized.

I still stand by my previous statements however that the election of Obama and higher taxes will, if not kill, then seriously maim small businesses, and then this thing we’re going through now will seem petty by comparison.

Obama/Biden ‘08 - making it easy to be stupid

By AJC/DNC Management

September 19, 2008 6:58 AM | Link to this

Not only does the new Pelosi dimocrat “drilling” legislation not allow any new drilling, it further exacerbates the mortgage crisis:

Some $10 million goes to “increasing sustainable low-income community development,” while Fannie Mae and Freddie Mac are told to favor “energy-efficient mortgages.”

When will these liberals ever learn?

Are they purposefully trying to kill our economy?

By Mrs. Godzilla

September 19, 2008 7:10 AM | Link to this

The end of “tinkle down” economics.

About damned time!

By carole2

September 19, 2008 7:30 AM | Link to this

Just out of curiosity AJC/DNC Management, if we do drill in Alaska or offshore US, to whom do you think the oil goes? To the people in the US or would it be put on the global market and just as likely go to China as Ohio, for instance?

OPEC does not equal Other People’s Energy Crisis.

By Eric1

September 19, 2008 7:31 AM | Link to this

We started losing when we put an alzheimers patient in the Whitehouse, twice. We became full fledged losers when we allowed the Supreme Court to appoint an idiot president and then four years later when almost half the voting public pulled the lever to give that same idiot a second term. As president, Reagan was no prize. He was asleep at the switch for almost eight solid years. It probably would’ve been worse had he been awake. He was a figurehead at best. Good riddance to anything and everything Reagan. Now, it’s time to start planning a Global Holiday to mark the day when our current idiot finally fades into obscurity. Of course we can’t do that if the voters or the Supremes decide to continue this mess with four more years of McBush. I have my fingers crossed…that should be as effective as any prayer I could utter.

By Bud Wiser

September 19, 2008 7:33 AM | Link to this

The economy teeters a bit, and Joe Biden says yesterday that it is a “patriotic” duty to pay one’s taxes?

He just trashed a very large majority of the Democrat voting block - the 40% of working Americans that pay no taxes at all…the handout and entitlement crowd…Mrs G, Midori and friends, their unintelligent clones and offspring…the living under bridges panhandling beggar druggie and booze contingent… and, almost all black voters.

Add this to his ‘Hillary makes a better choice than me for Veep’ comment, and you think the guy has a death wish for his own ticket. What a moron. What a tool. I can’t wait to see what the Messiah has to say next!

I am LMFAO at you tools.

Obama/Biden ‘08 - making it easy to be stupid

By Mike

September 19, 2008 7:38 AM | Link to this

Well if ” Republicans are blaming Democrats” and they are “correct”, why have every single one of Bookman’s attacks the past few days been directed solely at Republicans?

Also, Bookman has unilaterally declared that “end of the Reagan era” and the “end of capitalism” over the past few days. In that vein, I declare the end of mindless partisanship at the AJC. These declarations all carry the same amount of weight and will be proven equivalent in accuracy.

By Mrs. Godzilla

September 19, 2008 7:56 AM | Link to this

Bud Wiser,

Did you get up on the wrong side of the bed this morning?

Startin’ off ugly early?

Could it be you are worried about something?

By Dennis

September 19, 2008 8:00 AM | Link to this

It seems that Jay is not as willing to let the historians sort this out as he proclaims in his second paragraph.

Ahhh. So typical of this former journalist.

By sunshine and thunder

September 19, 2008 8:08 AM | Link to this

The death of capitalism. The defeat of our troops in Iraq. The end of freedom. I think these are a few of the libs favorite things.

By jp

September 19, 2008 8:09 AM | Link to this

Carole2,

You ask, “do you think the markets can fix themselves?” I answer, absolutely. That’s what’s happening right now. Like it or not, it’s painful when we reap the results of our overspending ways. We all want the bigger house and the faster car so we borrow heavily in order to buy. Bigger…faster…eventually, it crashes.

The government has NO BUSINESS and is NOT CONSTITUTIONALLY AUTHORIZED to intervene. The market will do the work if we would just let it. Yes, it’s painful for some, but then again, it shoudl be. Hard lessons are generally the most painful.

Make the Founding Fathers proud…Vote Bob Barr.

-jp

By CherokeeDave

September 19, 2008 8:15 AM | Link to this

JB: Wrong again, Dead wrong. the market works fine when all conditions are left without “outside” interference. If we had extensive “restrictions or violations” from “special interests” with their greedy hands all over both “Democrats and Republicans” and the let the process work, we wouldn’t be in this mess. Regualators are bribed into taking big bucks for not enforcing the regulations and our congressman (both sides) are guilty of interference for political and monetary excess. Case in point: the top two recipients of Fannie and Freddie monies: Chris Dodd and Barack Obama and yes Republicans as well. Clinton started this mess in the early 90’s with expanding the sub-prime markets to those who couldn’t afford the buy houses and the special interest kept legislators and regulators off their backs.

By Goldie

September 19, 2008 8:20 AM | Link to this

The Bush Legacy will be that he finally was able to diminish America’s light and power economically, something that Reagan had only begun in the 1980’s.

Say BUH-BYE to the Repugs for a decade or more, and the Dems will desperately try to bring America back from the Repug abyss!

By Bud Wiser

September 19, 2008 8:36 AM | Link to this

By Mrs. Godzilla September 19, 2008 8:22 AM Markets, like kids, need rules.

There are rules. Your Democrat buddies (and Republicans too) on the oversight committees were too busy stuffing their pockets with lobbyist cash to see that the rules were being enforced.

You need money.

I need more money.

But you need something more,one that I already have, and that is a fully functional brain.

I’ll be back this afternoon - too nice a day to let golf get away.

Obama/Biden ‘08 - making it easy to be stupid

By TW

September 19, 2008 8:39 AM | Link to this

JAY - nice job of the ajc cherry picking Michelle Obama’s comment, wouldn’t ya say?

FOX news much?

By AJC/DNC Management

September 19, 2008 8:40 AM | Link to this

By carole2 September 19, 2008 7:30 AM Just out of curiosity AJC/DNC Management, if we do drill in Alaska or offshore US, to whom do you think the oil goes? To the people in the US or would it be put on the global market and just as likely go to China as Ohio, for instance?

You’re kidding me, right?

The royalties from the sale of the oil would go to the state of Alaska, the profits from the sale would go to whatever American company did the drilling and, most of all, the 40,000 or so jobs would go to Americans.

Not to mention you pinkos could tax all that every step of the way.

And everything I just listed would be taken away from some foreign country and given to us. This would help to drive down the trade deficit and strengthen the dollar.

The world produces roughly 85 million barrels of oil a day while the world uses pretty much the same amount. An extra 2,3,4 million per day from Alaska put on the world market would create an oversupply which would force prices lower through competition.

You were saying?

By Goldie

September 19, 2008 8:41 AM | Link to this

I just wake up each morning and chuckle at how McBush is so desperate these days to win in November that he even tries to speak like a Dem: “greedy Wall Street”, “greedy CEOs with their golden parachutes”, “we need more regulation”, “I’m gonna change Washington!”… all too hilarious coming from Mr. Deregulation with his campaign advisors full of DC lobbyists!

LMAO!

By Liar-loan McCain

September 19, 2008 8:44 AM | Link to this

Conservatism is Dead. Senator Craig sounded taps, with his flag at half mast.

By Mrs. Godzilla

September 19, 2008 8:50 AM | Link to this

Bud Wiser

Got cranky?

Rude and insulting right out of the box this morning.

Only one thing I can do.

Fight back

I curse your golf game….

May the head fly off your Big Bertha

May your balls split and crack

May you completely loose your depth perception

May your golf cart sputter and die

May your buddies catch you disturbing your lie

May your flask be empty

May a stray cat give birth in your golf bag

May the nearest restroom be 6 or 8 feet too far away

May your foursome check your math

And mostly, may your credit card be declined on the 19th hole.

But other than that,

Have a nice day:o)

By Terry Tate

September 19, 2008 8:50 AM | Link to this

A person who would marry a hideous skank like Michelle Obama is someone who is too lazy to turn gay.

By AJC/DNC Management

September 19, 2008 8:51 AM | Link to this

Regulate this:

WORLD MARKETS SOAR ON POSSIBLE RESCUE PACKAGE

bwa.

Call it socialism, call it fascism, or be like Oblahma and call it racism, whatever, I call it the end of an issue dimocrats could have made hay on.

Not no more.

By Bosch

September 19, 2008 8:55 AM | Link to this

It’s rather absurd to me that the government is willing to bail out these greedy bstards. They will walk away with their millions, sit around at the club every day for the rest of their lives joking about how they pulled one over.

While the rest of us pays for it.

I forgot who said it yesterday, a Republican, I think, something like: profits are privatized and loses are socialized.

How frakked up is that?

By Booger

September 19, 2008 8:57 AM | Link to this

Management celebrating socialism coming to the rescue of the GOP.

The world is a damn funny place.

By No How No Way No McCain

September 19, 2008 8:59 AM | Link to this

Liar-loan McCain, that was good one!

By Ben

September 19, 2008 8:59 AM | Link to this

The root of all of this is Fannie Mae and Freddie Mac enjoying profits and socializing losses. They had the implicit backing of the US Government, and that backing is now explicit. There’s nothing free market about letting a company take ridiculous risks because they know the taxpayer will foot the bill if they are wrong.

If anything, this should be seen as the death knell of government meddling. Regulations to allow a fair marketplace are one thing, but purposely giving companies an incentive to take gigantic risks is not free market in any way, shape or form.

By AJC/DNC Management

September 19, 2008 9:01 AM | Link to this

The committee report also quoted Shelly Lowe, a lab technician at Bethesda North Medical Center in Cincinnati. A young woman who had undergone just the first cervix-opening phase of a partial-birth abortion gave birth in the emergency room. The doctor placed the 22-week-old baby in a specimen dish to be taken to the lab. According to the report, when Ms. Lowe “saw the baby girl in the dish she was stunned when she saw the girl gasping for air. ‘I don’t think I can do that,’ Ms. Lowe reportedly said. ‘This baby is alive.’” Lowe asked permission to hold the baby until she died. She wrapped the child she dubbed “Baby Hope” in a blanket and sang to her. Breathing room air without any other supports, Baby Hope lived for three hours.

You’re not a human being if this doesn’t bring tears to your eyes.

By Mrs. Godzilla

September 19, 2008 9:05 AM | Link to this

I think we all need to thank John McCain for resolving this financial crisis.

If it weren’t for that whole Keating Five thing we wouldn’t know to create another “Resolution Trust” type deal….

That’s experience we can count on!

By talk2much

September 19, 2008 9:06 AM | Link to this

DING DONG THE WITCH IS DEAD!!! YEAAAAAA!! It took y’all 30 years but FINALLY someone else can see the light. Even as a young woman I was wary of deregulation because I thought, well if the designers of the plan put them into place, they must be in place for a reason. So why remove them. Then I looked at who was removing them and I looked at who wanted them removed. Now 30 years we see America was hijacked from all Americans who sought security in their jobs, then hopefully their homes. Reagan was allowed to take the Dream from all Americans and give it to their wealthy friends who because they were white male. Companies started taking away benefits. Salaries dropped. It became harder to keep a job if you didn’t play the politics. Hostile Takeovers. Tender Offers. lateral movement. The end of life as we know it. We should have seen it coming with the Savings & Loan Scandal; yet we lived to see more and more corporate greed. We were told we could choose a field, work hard, do your best and you’d have your jobs for years. But Reagan came in with his bottom line. And we went from the Age of Aquarius — where there was peace and love for everybody and anybody could make it if they wanted to — to the bottom line, where the only reason to do anything in life was to make money for these big corporations who were laying us off; and doing God knows what to us to make us keep our jobs. Deregulation killed this country’s economy. The law is for the lawless, so absent any kinds of laws, greed takes off as fools run amok chasing money, stature and power. The problem is the integrity was compromised with deregulation. Now a generation later, we have gained the world but lost our souls. We are also going to lose all our toys we gained, as well. It’s time for new way of thinking. America must be REBORN from a different place. New leadership, new ideas, and new mindsets are needed for this world we find ourselves in. It’s much deeper than I have tried to describe, but the bottom line, THAT WHICH HAS NO INTEGRIT WILL NOT STAND FOREVER. And it seems to me that if the government had bailed the homeowners out —if bad mortgages were really the problem— then the issue would not have escalated to the point of threatening the world economy. $$$ is heady and the republicans just got too greedy and saw what they could get, but did not think about what it would cost the American people. Oh, we shouldn’t have to pay? Guess what, to secure what you have YOU MUST PAY. All I can say is YEAAAAAAA and finally someone else can see what happens 30 years after changing directions. We are so vulnerable today, even to the weather. And if we don’t change SOMETHING up in here, then the only advice I can offer is GET YOUR HOUSE IN ORDER. SPIRITUALLY, EMOTIONALLY, FINANCIALLY, YOUR HEALTH, YOUR FAMILY cuz in the end, as my sista Lauryn Hill says in the mystery of iniquity [and you know the cbips have been unfairly stacked since Reagan became president — he even made insensitivity to the needs of others who were not like who him — an American National Pastime and I, for one am glad to see the Reagan Era gone. Perhaps my children will reclaim the American Dream because they know that self-preservation is the order of the day and GREED IS NOT GOOD. DING DONG THE WITCH IS DEAD!!!

By talk2much

September 19, 2008 9:06 AM | Link to this

DING DONG THE WITCH IS DEAD!!! YEAAAAAA!! It took y’all 30 years but FINALLY someone else can see the light. Even as a young woman I was wary of deregulation because I thought, well if the designers of the plan put them into place, they must be in place for a reason. So why remove them. Then I looked at who was removing them and I looked at who wanted them removed. Now 30 years we see America was hijacked from all Americans who sought security in their jobs, then hopefully their homes. Reagan was allowed to take the Dream from all Americans and give it to their wealthy friends who because they were white male. Companies started taking away benefits. Salaries dropped. It became harder to keep a job if you didn’t play the politics. Hostile Takeovers. Tender Offers. lateral movement. The end of life as we know it. We should have seen it coming with the Savings & Loan Scandal; yet we lived to see more and more corporate greed. We were told we could choose a field, work hard, do your best and you’d have your jobs for years. But Reagan came in with his bottom line. And we went from the Age of Aquarius — where there was peace and love for everybody and anybody could make it if they wanted to — to the bottom line, where the only reason to do anything in life was to make money for these big corporations who were laying us off; and doing God knows what to us to make us keep our jobs. Deregulation killed this country’s economy. The law is for the lawless, so absent any kinds of laws, greed takes off as fools run amok chasing money, stature and power. The problem is the integrity was compromised with deregulation. Now a generation later, we have gained the world but lost our souls. We are also going to lose all our toys we gained, as well. It’s time for new way of thinking. America must be REBORN from a different place. New leadership, new ideas, and new mindsets are needed for this world we find ourselves in. It’s much deeper than I have tried to describe, but the bottom line, THAT WHICH HAS NO INTEGRIT WILL NOT STAND FOREVER. And it seems to me that if the government had bailed the homeowners out —if bad mortgages were really the problem— then the issue would not have escalated to the point of threatening the world economy. $$$ is heady and the republicans just got too greedy and saw what they could get, but did not think about what it would cost the American people. Oh, we shouldn’t have to pay? Guess what, to secure what you have YOU MUST PAY. All I can say is YEAAAAAAA and finally someone else can see what happens 30 years after changing directions. We are so vulnerable today, even to the weather. And if we don’t change SOMETHING up in here, then the only advice I can offer is GET YOUR HOUSE IN ORDER. SPIRITUALLY, EMOTIONALLY, FINANCIALLY, YOUR HEALTH, YOUR FAMILY cuz in the end, as my sista Lauryn Hill says in the mystery of iniquity [and you know the cbips have been unfairly stacked since Reagan became president — he even made insensitivity to the needs of others who were not like who him — an American National Pastime and I, for one am glad to see the Reagan Era gone. Perhaps my children will reclaim the American Dream because they know that self-preservation is the order of the day and GREED IS NOT GOOD. DING DONG THE WITCH IS DEAD!!!

By Mrs. Godzilla

September 19, 2008 9:07 AM | Link to this

You’re not a human being if this doesn’t bring tears to your eyes.

By T

September 19, 2008 9:09 AM | Link to this

By AJC/DNC Management

Sure, so when OPEC decides they don’t like how their stock is sliding and slow production on their end, then what? Do we drill more?

By Liar-loan McCain

September 19, 2008 9:20 AM | Link to this

Thank you, my fine friend. I try. Sometimes I can get a laugh or 2, sometimes not, but I always infuriate the Right. Like read the song below.

“Hey Sarah”. (a song sung to the tune of Que Sera).

When I was just a city mayor, I asked my council what pork should be. Will it corrupt us, will it impede, here’s what they said to me. Hey Sarah Sarah, your future is ours to grease, as long as you are discreet. Hey Sarah Sarah.

When I was just a governor, I asked Alaska should we secede?

Should we be sovereign, should we be free, here’s what they said to me…

Hey Sarah Sarah, you cant mess with liberty, the country’s not ours to bleed, Hey Sarah Sarah.

When I became the first FemVeep, I asked my ticket what should I be? Should I be graceful, should I be sweet, or should I be Hillary? Hey Sarah, Sarah, (everybody sing), the future’s not ours to see, depends on Diebold’s tally, Hey Sarah Sarah.

What we’ll be we’ll be.

By RW-(the original)

September 19, 2008 9:21 AM | Link to this

TW,

How exactly did the AJC cherry pick MO’s comments?

The story looks to me like they told exactly what she said and pointed out the fallacy in her excuse that she was talking about herself.

Barack likes to say his opponents throw rocks and then hide their hands. Sounds like more projection and the only thing that shocks me is that the AJC even bothered to report it.

AJC/DNC-M,

Maybe I’m not human but the 9:01 didn’t bring tears to my eyes, it filled me with disgust for people like Barack Obama that would to make sure that baby was barred from getting any medical attention and the bloggers right here that toast the death of that baby as some great advance of our society.

By Truth

September 19, 2008 9:22 AM | Link to this

I must not be human because even though I dont agree with some of the tactics used there, I do know and understand that those people want to kill all Americans…. I just find it hard to have sympathy for those killers!

By Ed

September 19, 2008 9:23 AM | Link to this

The economy started tanking when the democratic held congress decided it was a right and not a privilege to own a home. Couple this potential nightmare with shady bankers and what do you get? You get people who claimed to have no idea that 10, 12 or 13 per cent interest rates was not a bad deal. These people were born to rent. Blame democrats, blame congress for the mess we’re in. Now we have Obama and his two economic advisers who are leftoevers from the Fannie Mae and Freddie Mac fiasco advising him on how to get us out of this mess. This is the deaf leading the blind. Both walked away with tens of millions of dollars and they’re suppose to be the answer to this problem. We have Biden saying we need to give more tax money and be patriotic. Biden has made millions of dollars and in ten years he has given three thousand dollars to charity. Democrats are very generous in giving away my money but they don’t give theirs. Now it’s Charlie Rangle who we’re finding out who hasn’t been paying all the taxes he owes. I suppose old Charlie is not very patriotic according to Biden. The single biggest mistake we can make as Amercians is to elect Obama as president and keep the democrats in control of congress. Look at how out of touch the democrats are, on the day the market fell they were attending Hollywood parties that cost thiry grand. This is our representation? God, help us from the democrats for they know not what they’re doing. God replied, when did they ever know anything ?

By AJC/DNC Management

September 19, 2008 9:23 AM | Link to this

By T September 19, 2008 9:09 AM By AJC/DNC Management Sure, so when OPEC decides they don’t like how their stock is sliding and slow production on their end, then what? Do we drill more?

How will we ever know if we don’t try?

You want to speculate on unknowns while we do know that the price of gasoline is 4 bucks a gallon?

And by the way, OPEC was rich when oil was $50 a barrel, they are just greedy now.

I thought you libs didn’t like greed?

By Alvin

September 19, 2008 9:26 AM | Link to this

To Terry Tate, You gutless b******* talking about a man wife on the internet where you can hide behind your terminal keys. The lady is sexy and classy, but you would not notice that because you probaly wondering how you would look in her dress.come out of the closet Tate or can’t you find any heels to fit

By AJC/DNC Management

September 19, 2008 9:29 AM | Link to this

Duhzilla throws Abu Ghraib pictures at us.

What a great excuse to be barbaric and brutal to the least among us.

Monster.

By ESR

September 19, 2008 9:33 AM | Link to this

talk2much, that’s the perfect name for you.

By hillbilly ragger

September 19, 2008 9:36 AM | Link to this

Hi, rational people.

Hi, wingnuts.

So wingnuts, are you putting most of your eggs in that “OBAMA BEEZ a BAYBEE-KILLAH!!11!!” basket these days? Figure that’s your best shot now?

By Jake

September 19, 2008 9:38 AM | Link to this

Idiots to the left and morons to the right, as usual. Yes Reagan helped create this mess, aided by legislation passed by the Dem congress of the 80’s. The answer is not the self-annointed one, or the relic. The solution is to vote out every toxic Senator and congressman. Every single incumbent should lose his/her job and be replaced by a Libertarian wherever possible. If the government won’t hold the greedy capitalists that created this mess accountable, the people must hold the government accountable.

By Shawny

September 19, 2008 9:43 AM | Link to this

“But this much we know already: The Reagan Era is over. The mythology of the all-powerful, all-wise market is dead. ” is the most idiotic comment you have made to date, Bookman!

I look forward to the return of the Carter days…NOT!

One isolated incident, where the free market failed, and it failed because of a lack of oversight and regulation (yes, I admit it). That doesn’t mean we should abandon hope, all ye who enter here, nor steer away from capitalism. idiot.

By T

September 19, 2008 9:43 AM | Link to this

I’m not against drilling. I would prefer to see all forms of energy being sought after just as much as drilling. It just seems a little one sided.

I agree with Truth.

By Mrs. Godzilla

September 19, 2008 9:44 AM | Link to this

Andy, If you can look at Senator Obama and his family and his record and think those terrible things about him….you are the purveyor of evil.

But we’ve been reading you for years and already know that.

By zeke

September 19, 2008 9:45 AM | Link to this

Well, sadly, the Reagan era may be over! Not that anything was wrong with Reagan’s agenda or policies, but, the Republicans did not keep a leash on the democrat mad dogs who will do anything to stay in power and continue their headlong agenda to turn the USA into a socialist communist tyranical country! Reagan was correct in his tax cuts, but, instead of Congress doing the right thing and controlling spending, they spent their butts off and wasted our money! Bush’s tax cuts are right and should be made permanent! Including the total abolishment of the unconstitutional double taxation called the “DEATH TAX”!!! All the financial problems tend back to Clinton and the democrat Congress forcing banks, mortgage lenders and other credit agencies to give loans to those unqualified who could probably no way ever pay them back, $3 to $5 trillion wasted taxpayer money! The rationale was that they had to force loans into blighted, low income minority areas to “fairly” serve those disproportionately denied loans! Never mind they could never pay them back! This current meltdown comes directly from that agenda!! Now Biden says raising taxes on the rich is patriotic! What a dumb a*! It is only socialist! These people must be defeated and banned by Constituional law!

By Shawny

September 19, 2008 9:45 AM | Link to this

You aren’t a human being if you support partial birth abortion. Wait, is Obama an alien, then?

By Theodore

September 19, 2008 9:47 AM | Link to this

Barack Hussein Osama’s wife is a hideous, dark-hearted crone who seems like she fell out of “The Ugly Tree” and hit every branch on the way down.

Frankly, she isn’t very attractive on the Outside, either.

By Shawny

September 19, 2008 9:48 AM | Link to this

Why you can’t trust the media anymore.

Read through this and pick out the assertions of McCain’s “lies” and media crap. Ex., A front-page story in the September 12 Washington Post, by Anne Kornblut, was headlined: “Palin Links Iraq to Sept. 11 in Talk to Troops in Alaska.” This was misleading, as were the first two paragraphs. They implied that Palin had advanced the long-discredited “idea that the Iraqi government under Saddam Hussein helped Al Qaeda plan the attacks on the World Trade Center and the Pentagon.” In fact, Palin’s reasonably clear meaning was not that Saddam had a role in the 9/11 attacks but that (as the article backhandedly acknowledged) the troops would be fighting Al Qaeda in Iraq, which is related to the group that launched the 9/11 attacks.

By Shawny

September 19, 2008 9:49 AM | Link to this

and finally, Joe Biden, the socialist.

another idiot, right in line with Bookman.

By Liar-loan McCain

September 19, 2008 9:50 AM | Link to this

The death of the Reagan era occurred in the dead of night when Congress broke for recess at Xmas in 2000.

Clinton was lame duck. Bush had just been annointed pastor.

A bill was snuck into legislation that night that enabled AIG. More than that, it ensured AIG.

But the billions that were made by a handful of pirates, just like the S+L crisis, made it the white collar crime of the century, and the century was only 1 year old.

That both Bushes were adjacent to these crimes is no coincidence. Bush Sr. was CIA. His connections go to the very soul of evil in this country. Explain how there’s not a shred of evidence that W was on the planet when he served on in the guard. Fear the power that can shred history itself. There’s even an unarguable Hitler connection with Prescott Bush. Fear the money that can finance a Reich. Jeb Bush and the S+L crisis. Fear the greed that can bring down an industry. Iraq War is the greatest crime, even worse than Hitler. Fear the arrogance that can war like a king.

Iraq War is suddenly persona non grata on talk shows. Who cares? We’ve got our own problems now.

What is stirring insidiously in Iraq now will rise up and…..

But I’m done explaining why or how. You field marshalls know what your doing. Hitler makes spot promotions rashly, and you’ve all faired well. Pay no attention to the Stalin Tanks massing on your flanks. After all, Goering can save you with his Stuka.

By zeke

September 19, 2008 9:54 AM | Link to this

Wrong! A free market system is the only one that will work! Problem is that the democrat controlled congress cannot keep it’s hands off anybody’s money! They have to constantly make rules that limit the free market, because, it does not fit their socialist government control agenda! It is time for the states to assert their constitutional authority and take back all areas of our society from the feds except defense! PERIOD! The Federal Government’s only delagated authority is for defense, including defending our borders from illegals, and, to arbitrate problems between the states, PERIOD!! Education, transportation, welfare, health, sill seat belt laws, ridiculous driving laws, ridiculous gun laws are delageted to the states by the Constitution! Enough is enough!!!!

By Bob

September 19, 2008 9:54 AM | Link to this

Gay marriage, abortion, etc are continually legislated off the table, but the left keeps bringing it back up anyway. And the south DOES vote for our economic interests… not those of the socialists who would make the mess we are in even worse.

By Mrs. Godzilla

September 19, 2008 10:00 AM | Link to this

zeke…

keep trying to sell that “free market” fallacy.

it’s working so well for you.

By Tom

September 19, 2008 10:01 AM | Link to this

“And so, my friends, I hate to see these companies being bailed out financially in our strong economy. That, my friends, reminds me of the time I violated all standard Navy SOP and direct orders, allowed my plane to be hit by a missle w/o taking evasive action, and I myself had to BAIL OUT. That made me an instant ‘war hero.’ Some of you may not know that, as I’ve only been talking about it for 36 years now, so, my friends, let me run thru it again for you….”

(To be continued)

By Red

September 19, 2008 10:04 AM | Link to this

VIVA SOCIALISM! Now we dare those who are powerful and in control to deny universal health care coverage for ALL! How can they? They’ve lost the moral high ground!

By Liar-loan McCain

September 19, 2008 10:10 AM | Link to this

.

Is the American Dream dead 2?

.

By WTF??

September 19, 2008 10:19 AM | Link to this

What does Reagan have to do with this?

You sound like Walter talking about Vietnam.

Trash a dead guy, then bring up no specific facts to support your argument.

Have a great weekend!

By Liar-loan McCain

September 19, 2008 10:28 AM | Link to this

nancy pelosi is leading the bipartisan action to stop the bleeding in the markets.

Bi Partisan.

If we can get congress and the administration to interact Bi Partisan, all our troubles go down the drain.

Maybe we had to face annihilation to snap ourselves out of this.

What is the effect of Bipartisanship on the November Election?

Obama wins. The American People will figure Liar-loan McCain caused AIG with all his Liar-loans on all his houses.

There’s nothing worse than a liar. That’s the only thing ALL Americans agree on.

The biggest liar in our history is Liar-loan McCain, and his stupid liar-loans.(which he lied about)

By Jake

September 19, 2008 10:28 AM | Link to this

zeke - Reagan campaigned with a balanced budget plank in his platform, but he never submitted a balanced budget to congress in 8 tries. He sent a supply-side economist to congress to explain why deficit spending is a good thing, and he signed every tax and appropriation bill sent his way without veto. So he was responsible too. This year Congress is well on it’s way to spending and promising about $2T in deficit spending, which is insane. We need a balanced budget amendment. Want to spend a trillion to fight Islamic extremists? Fine. Include the funding in the Patriot Act! Make Congress pass bills that require immediate additional taxes to pay for what they’re spending and the madness will go away.

By Liar-loan McCain

September 19, 2008 10:34 AM | Link to this

THe Crusades, (christian vs muslim), costed two trillion dollars in 1230 ad money as it extrapolates with inflation, the plague, and the cost of feeding everyone ever born since then.

That means that nothing has changed. We spend trillions to keep religious hate alive.

Religious Hate. Your soul is depending on it. (so is the devil)

Christ 08: U wanna give it a rest?

By Liar-loan McCain

September 19, 2008 10:43 AM | Link to this

.

Liar-Loan McCain 08: Short skirting the polls to short-sheet the economy.

.

By getalife

September 19, 2008 10:44 AM | Link to this

A 2 trillion dollar bailout for the wealthy and they don’t even want to pay taxes.

Pathetic.

Country first is the biggest bs this cycle.

By Liar-loan McCain

September 19, 2008 10:50 AM | Link to this

.

Obama campaigns alone and takes responsibility for his own polls.

McCain hides behind a skirt.

.

McCain 08: Short-skirting America

By Bosch

September 19, 2008 10:53 AM | Link to this

So Bush is going to speak on the financial bailout.

Question, seriously, at this point, who gives a frak what the man has to say?

By Liar-loan McCain

September 19, 2008 10:56 AM | Link to this

When Jefferson Davis was caught in 1865, he was hiding behind a skirt, (some say).

Indeed, that tradition is not dead. McCain hides behind a skirt too.

Obama campaings alone and takes full responsibility for his own polls.

McCain hides behind a skirt.

McCain 08: Short skirting American to short-sheet the economy.

Dang it!! I cant make this bit work. I hate myself. I hate liar loans. I hate the world! NUKE IRAN!!!

sorry.

By carole2

September 19, 2008 11:01 AM | Link to this

jp,

Help me out here. In answer to “can the markets fix themselves?” you reply:

“I answer, absolutely. That’s what’s happening right now.”

How does billions of dollars in bail out funds from the world’s central banks constitute the markets fixing themselves? This is corporate welfare on terra incognita, not a simple little market correction.

By Paul

September 19, 2008 11:09 AM | Link to this

Jay

As far as the Reagan era being over, sorry, I disagree. These deficits are huge and I’ve no assurance the next administration will change course. But as far as markets, specifically – well, we don’t really think Reagan consistently practiced what he preached on that score, now, do we?

BTW – Spkr Pelosi wants Congress to adjourn, again. If they do, will anyone notice?

carole2 7:30 am [[ if we do drill in Alaska or offshore US, to whom do you think the oil goes? To the people in the US or would it be put on the global market and just as likely go to China as Ohio, for instance?]]

I suppose the follow-on question is, if we had no domestic drilling would we have the same level of imports we do now?

Cherokee Dave 8:15

[[the market works fine when all conditions are left without “outside” interference.]]

That’s what I learned in Econ 101. Never seen “no outside interference” in the real world, though. Never will, either. “Outside interference” equals power for someone, benefits for someone else.

Mrs. Godzilla 8:22

While Adam Smith might disagree, I think it falls in line with my post to Cherokee Dave. Theory vs reality. Reality wins.

Your 9:07 – apples and oranges, I’m afraid.

AJC/DNC 9:05

[[B reathing room air without any other supports, Baby Hope lived for three hours. You’re not a human being if this doesn’t bring tears to your eyes.]] Reality wins, again.

BTW – regarding Palin’s email account being published – good point the other day that some people are outraged at the very thought of invading the privacy of an al Qaeda but are silent – or justify it – when it’s done to a Republican political opponent.

By BS Aplenty

September 19, 2008 11:13 AM | Link to this

Why Obama Should Not be President

Barack Obama campaigns on a “change” platform and promises a new bi-partisanship in dealing with Congress and its often conflicting and diverse voices. Certainly, a candidate who aspires to such changes would have a record reflecting similar accomplishments in his prior positions. One might even expect he has some higher philosophy from his background which has shaped and guided such an outlook.

But, then again, maybe Barack Obama isn’t what he appears to be.

Apart from his speech-making on change, hope and brotherhood, the reality of Barack Obama appears to be less than “brotherly”. A reality in which, like his mentor Wright, the candidate will say what his congregation pays to hear. His actions point to his genuine philosophical viewpoints and is reflected in one of the doctrinal texts of the Trinity United Church of Christ:

*What does sin mean for blacks? Again, we must be reminded that sin is a community concept, and this means that only blacks can talk about their sin. (White) Oppressors are not only rendered incapable of knowing their own condition, they cannot speak about or for the (black) oppressed. This means that whites are not permitted to speak about what blacks have done to contribute to their condition. They cannot call blacks Uncle Toms.; only member s of the black community can do that. For whites, to do so is not merely insensitivity, it is blasphemy!

Whites cannot know us; they do not even know themselves. If we could just get “concerned” whites to recognize this fact, then we blacks could get about the business of cleaning up this society and destroying the filthy manifestations of whiteness in it.

  • James H. Cone, A Black Theology of Liberation

This is the doctrine Barack Obama teaches his children.

One comes to understand that when Obama talks about a new bi-partisanship with the diverse political components of America, he does not, as Cone puts it, think them capable of representing him or the black community. Apparently, though, Obama thinks himself more than capable of representing the rest of America.

It’s a campaign only a used-car salesman could love.

By Mrs. Godzilla

September 19, 2008 11:16 AM | Link to this

Paul

Adam Smith is still dead. Reality is there is no free market.

Apples and Oranges yes…. offered to this blogs favorite fruit. What are you afraid of?

By Dusty

September 19, 2008 11:19 AM | Link to this

Oh dear dear, liberals are so upset this morning. Stock market recovery make you bilious or something?

Death of Reagan era? Democrats are always hopeful. And always wrong. Reagan was a great president. Even your snide remarks will not change that. And your dumping on a dead president won’t change things either.

Maybe you should just stick with creating nasty remarks about Palin. Some lib tried to get you there this morning. But Palin is such a fighter that it is no fun for libs. They get their heads knocked every time.

Reagan!! Long may his influence last!! He loved thrift, independence and freedom. But he never promised you a rose garden. That’s the give up and cry Democrats. Bookman is now head crybaby at AJC, except for Tucker. What a pair!! The Bobsey twins of BooHoo.

By RealityKing

September 19, 2008 11:19 AM | Link to this

Government, government guarantees and dumbed down financial education are the roots of this problem. If you think this economy is bad.., just wait until the REAL recession comes by way of tax and spend Obamanites. You ain’t seen nothing yet.

And even if Jay is right about the demising of the Reagan era…, I can already foresee an Obama win aiding it’s rebirth.

By getalife

September 19, 2008 11:21 AM | Link to this

Paul,

Try to keep up. Reagan is dead, let him RIP.

Pelosi will keep the house open to bail out the rich even though they do not want to pay taxes.

Nobody cares about spying on the Al Qaeda, only Americans.

They died for our freedom remember?

Geez.

By T

September 19, 2008 11:21 AM | Link to this

By BS Aplenty

Your name fits.

By Mrs. Godzilla

September 19, 2008 11:25 AM | Link to this

McCain said today he wanted to fire the head of the FEC….

By getalife

September 19, 2008 11:27 AM | Link to this

Yeah nonrealityqueen,

The last Dem President’s economy was the good ole days.

Remember?

Geez, you people have short ideologue, partisan, memories.

Get real.

Now is not the time for partisan hacks.

Country first remember?

BS.

By Mrs. Godzilla

September 19, 2008 11:27 AM | Link to this

While Obama, meets with experts including billionaire investor Warren Buffett, former Federal Reserve Chairman Paul Volcker, former Treasury secretaries Robert Rubin, Lawrence Summers and Paul O’Neill and Laura Tyson, former head of the Council of Economic Advisers under President Clinton.

By Miss Obvious

September 19, 2008 11:41 AM | Link to this

If someone hacked and published Michelle O.’s email account, like they did Sarah P.’s, no one would complain.

Besides, few would be able to decipher what Michelle’s messages state with all the misspelled words, misuse of “logic,” poor grammar, ALL-CAPITAL LETTER FORMAT, non-English diction and sheer anger of the fragmented sentences.

Word.

By Liar-loan McCain

September 19, 2008 11:50 AM | Link to this

.

McCain 08: Short skirting America.

Notice how McCain hides behind a skirt?

By GMAN

September 19, 2008 11:51 AM | Link to this

Miss Obvious, that’s exactly what you are… Obviously Ignorant! If you continue to sniff the panties of Sarah “Elly Mae” Palin, you may even become as mediocre as she is.

Bush/McCain - The dumbing down of leadership!

By AJC/DNC Management

September 19, 2008 11:54 AM | Link to this

Aahhh, yes, I see the “Reagan Era” has risen up from it’s early grave and is marauding the dimocrats once again:

Stocks Extend Huge Rally on Gov’t Rescue Plan, Ban on Short-Selling of Financials- AP

Meanwhile, we are left to ponder the immortal and glorious words of thee Hairy Reed:

‘No One Knows What to Do’

Speak for yourself, loser.

bwa

By jp

September 19, 2008 12:06 PM | Link to this

carole2,

perhaps i should clarify that the markets WERE fixing themselves before the government stepped in with actions that violate the constitutional powers of the federal government.

anyone who celebrates the end of reaganism is celebrating the end of capitalism and the end of the economic engine that has driven this country since its inception. welcome to socialism. better start brushing up on karl marx.

-jp

By Paul

September 19, 2008 12:12 PM | Link to this

Bosch 10:53

Where you been?

Things could still go seriously south. Listening to NPR, most pundits were reassured at the steps taken and proposed.

Best line of the Terminator series, addressed to Cameron:

“You scare the hell out of me.” Reading some of the posts, it seemed apropos.

Mrs. Godzilla 11:16

[[Reality is there is no free market.]]

I thought that’s what I said. The “afraid” reference after apples and oranges is an expression.

Getalife 11:21

Reagan may be dead but his legacy of deficits has been resurrected in the 21st century.

The al Qaeda remark – plenty were really, really concerned about listening to their phone calls or asking them personal questions that made them uncomfortable. No such privacy concerns with Palin, it would seem.

Mrs. Godzilla 11:27

McCain’s made a specific proposal about a gov’t agency/program/method to institute.

Don’t know what Obama wants. He’s still in meetings.

Miss Obvious 11:41

[[If someone hacked and published Michelle O.’s email account, like they did Sarah P.’s, no one would complain.]]

‘Course they would. Democrats would scream to high heaven. Spkr Pelosi would call for hearings. Jay would write a column.

By Joe

September 19, 2008 12:28 PM | Link to this

At least President Bush is trying to do something. Congress is doing absolutly nothing but playing the blame game. Thats because Congress is lead by far left idiots Nancy Pelosi and Harriot Reid who know absolutly nothing about the economy except to try and make it worse by raising taxes on working Americans. When will people wise up and realize things didn’t get bad until they gained power in 06’.

By Shawny

September 19, 2008 12:36 PM | Link to this

Guys like Bookman foam at the mouth for any and all opportunities to tie a problem to republicans. What about your boy Chris Dodd? Isn’t he the chief banking dude?

Speaking of terminator lines, the line that best describes blinded hacks like Bookman is when Kyle tells Sarah, “It can’t be bargained with, it can’t be reasoned with. It doesn’t feel pity, or remorse, or fear, and it absolutely will not stop. Until you are dead.”

By AmVet

September 19, 2008 12:38 PM | Link to this

At least President Bush is trying to do something.

WILL SOMEBODY PLEASE TELL HIM TO STOP!!!

Paul, none of the neo-cons want to admit it, but Bush 41 lost the election because he had to raise taxes to pay for Ronnie’s fiscal stupidity.

By Mrs. Godzilla

September 19, 2008 12:41 PM | Link to this

Paul,

So McCain has made another knee jerk, uninformed (unless you count the info he gets from Phil “foreclosure-Enron loop Hole” Gramm) most likely unvetted decision?

That works out so well for him.

EEEEK!

By Paul

September 19, 2008 12:54 PM | Link to this

AmVet

Hey, welcome back. Another resurrection!

Of course, Bush 41 was burdened with that “read my lips” line. With what I see as the coming problems, even Obama may regret his 95 percent of all Americans *will get a tax cut. McCain’s said pretty much the “no increase” line, too, I believe.

Then we have Pres Clinton. “Hey folks, times have changed, here’s your increase, whack!”

Mrs. Godzilla,

All many will see is one candidate takes “action” the other talks. Obama’s advisors gotta move quicker -

By Michael

September 19, 2008 12:56 PM | Link to this

Jay

did you see this article on Sarah Palin in Salon? Pretty damning. Ignorant, bad at her job, out of touch with reality.

here’s the link:

http://www.salon.com/news/feature/2008/09/19/palin/index.html

By ButtHead

September 19, 2008 1:03 PM | Link to this

Mrs. Godzilla, you never cease to amaze me at how dumb a person can be. Just because you can cut and paste something that you think is smart, which by the way is so wrong on so many levels it makes Pelosi look like a genius. Let’s just start with the first 2 sentences. Markets are a creation of the government, this is an out right lie, if I start a business, lets say cutting my friends lawn then I get a few more and I start making a living cutting grass. The only thing the government does is try to take my profits. That is NOT a business created by government; that is government trying to squeeze my business like the mafia would do. Now number 2, Government provides a stable currency that makes this possible. News flash they have not done this either. Now I could critique this line by line but most smart people would realize what a load of trash your copy and paste is; especially the ones who work for them selves and see what government has done to create the problems that we have now.

By Mrs. Godzilla

September 19, 2008 1:08 PM | Link to this

No Paul….

The American people are not stupid. They see McCain for what he is.

Not much of a thinker.

Not too contemplative.

They see today in Obama a man who will sit down with experts from both sides of the politial spectrum and work out a plan.

Wise people continue to learn and study throughout their lives. Barack Obama is such a man

McCain is spinning the wheel of fortune… Obama is doing his homework.

By Mrs. Godzilla

September 19, 2008 1:12 PM | Link to this

ButtHead

What can I say?

You have named yourself appropriately and seem to be proud of it.

Please don’t procreate.

By tcoach

September 19, 2008 1:15 PM | Link to this

yeah Obama will work out a plan after listening to who knows how many advisors. Then stii saying that he will wait until other committee sugestions are in before he turns his in. He spoke today about the economy and all he said was things that we as a nation need to work on , like we do not know, but not the first thing in regards to policy or even a suggestion. Why no ideas? Because his group of handelers have not given them to him yet. Give one example when the man has made his own decision, not one for his own advancement or an idea given to him by the dem. party.

By Mrs. Godzilla

September 19, 2008 1:28 PM | Link to this

tcoach

Do you really want to fix the largest financial crisis in this nation with the quickest answer pulled out of somebodies ear?

Why not just throw darts at a board?

Why are you afraid of knowledge?

Do you also think Spain is in Latin America?

Do you also think Czechoslovakia is still on the map?

Remember Keating Five?

McCain has never had a need to develop a financial plan for himself….I sure don’t want him flopping about trying to make one for the nation.

And in fact the world.

By the joker

September 19, 2008 1:39 PM | Link to this

DO THE RESEARCH: in the South, especially during the Civil Rights movement, due to the Democratic Party’s positions on civil rights and social issues which were unpopular at the time in this predominantly conservative (racist) region. President Lyndon B. Johnson famously remarked, upon signing the Civil Rights Act of 1964, “We have just lost the South for a generation.

Do your homework and you’ll find racist politics, racist associations and out right bigots linked to the GOP.

By Mrs. Godzilla

September 19, 2008 1:46 PM | Link to this

Oh and tcoach

You’re talking about John McCain

this guy was beating the drum for war against Iraq 9/12/2001

knee jerk reaction

worked out real well didn’t it?

By tcoach

September 19, 2008 1:50 PM | Link to this

Mrs. Godzilla why do you start with me everyday?

So do you think it is a good idea that Obama has Johnson and Raines in the roles of being his advisors? (policy makers)

Do you think it is a good thing that Obama takes more money than any but 1 from Fannie, Freddie, and Lehman?

Is it a good thing that Obama’s fundraising chiefs are Janulis and Ray?

Every man I just named was either a CEO or Head of a department for either Lehman Bro. or Fannie and Freddie. All of which were forced from their positions, but still left with tens of millions of dollars

So to answer your question no I am not affraid of Knowledge?

But I am scarred of 2 faced, criminals, and those only interested in their own interest.

Please tellme how those people being that close to Obama a good thing. You do not think he will owe them a favor or two if he does get elected?

By Liar-loan McCain

September 19, 2008 1:52 PM | Link to this

shorts covering big time

By tcoach

September 19, 2008 1:55 PM | Link to this

That is teh problem with Obama though sometimes you do have to go out on a limb and make a decision, other than present. As president you are not always afforded the time to wait and see what the best political and ideological idea is sometimes you have to act, and this is something as of yet in Obama’s political career has yet to display.

By chw

September 19, 2008 1:57 PM | Link to this

you are a socialist moron.

By Liar-loan McCain

September 19, 2008 2:05 PM | Link to this

Hold it, everyone, chw may have hit on a great bit: the socialist moron.

okay, okay, Karl Marx had a box of crayons, but the only color in them was red, and even then, he wasn’t the sharpest crayon in the box. He had to share his helmet with the bourgoise. He wrote, “Religion is the opiate of the masses, that’s why I keep smoking incense”.

“To each according to his needs, from each according to his disability.”

anyone want to riff about “socialist morons?”

you’re right, there’s nothing there.

sorry, chw

Obama 08: America takes over.

By The Professor

September 19, 2008 2:06 PM | Link to this

Someone please correct me as I digress!! Was it not under Reagan’s watch that started the tuck tail and run policy with the Beirut Lebanon Barracks Bombing in 83’.

By Sue

September 19, 2008 2:06 PM | Link to this

Dusty - Reagan a great president. Pardom me while I laugh. He didn’t have an original thought, couldn’t even answer a question unless Nancy was whispering into his ear. Read David Stockman’s memoire.

By OATMEAL

September 19, 2008 2:09 PM | Link to this

BARACK HUSSEIN OSAMA is a jive-talking empty suit.

MICHELLE OSAMA, while very angry and jealous of the rest of the world, is uglier than MICHAEL VICK and almost as dumb.

RONALD REAGAN’S rotting corpse is smarter and better-looking than the two of those superficial militants combined.

By @@

September 19, 2008 2:17 PM | Link to this

Heck! When it comes right down to it, the market is fueled by emotion. Where oh where did it all begin?

Sub-prime mortgages!

Forgive me if I don’t boo who ‘cause their shorts are pulled.

By Mrs. Godzilla

September 19, 2008 2:24 PM | Link to this

tcoach

Raines is not now nor has he ever been an advisor to Barack Obama

Why do you repeat lies?

Do your homework.

Johnson’s tenure was while they were in excellent financial shape.

I don’t think you are ignorant, just not even close to keeping up with your homework.

AND yes, sometimes, you need to make an immediate decision, but is a TRILLION dollar buy out one of those moments?

No way.

By tcoach

September 19, 2008 2:26 PM | Link to this

Mrs. Godzilla did not mean to offend you by using logic. I am sure you are patrolling the internet to find something or someone in McCains staff with worse resumes than those, still on staff not fired ones. Keep it up you can find anything on the internet. What ever you do don’t try to explain Obama’s actions go out and find something that McCain did too.

By the finger

September 19, 2008 2:27 PM | Link to this

By AJC/DNC Management This coming from a lib who considers America losing in Iraq to be a “victory.”

regardless of the outcome, the war with iraq was a loss from the start, you ignorant buffoon. those were real lives we lost. wars are real you idiot. this isn’t a florida/georgia football game, where we gotta get a W or go home in shame.

By Liar-loan McCain

September 19, 2008 2:31 PM | Link to this

Mothra, one of your biggest problems and it kinda makes you a liberal menace, is that you think you have to swing at every cockamamie comment. You dont, in fact we wish you wouldn’t.

Be like Lincoln, who would ignore parts of a letter from which there could be no equal resolution and address only those fair proposals from which a reasonable offer could be tendered.

If I may be so pedantic.

By Jake

September 19, 2008 2:32 PM | Link to this

Reagan was only good if you like tax cuts for the wealthy disguised as voodoo economics, being overrun by illegal aliens, and turning the Department of Energy into the “Star Wars” laser/raygun sattelite development corp. Or if you like traitors.

By Mrs. Godzilla

September 19, 2008 2:35 PM | Link to this

rcoach

Obama’s actions only need to be explained to people who have difficulties understanding.

By tcoach

September 19, 2008 2:40 PM | Link to this

So the Washington Post did not describe Raines as being “In Obama’s inner-circle”. No go do some research Johnson was doing well the same way the execs at enron were, he was cooking the books. I also see you had no rebutle to teh fundraising chiefs. Those seem like pretty honest guys. I understand you hate everything about the past administration. I also understand that Obama has said some powerful things. Obama has made great speeches. Without bashing any other candidate, no saying McBush, or 4 more years or McCain does this. What good and solid programs and policies of Obama’s make you want to cast your vote. Remember you cannot say the tax thing because only a few days ago Obama himself said he may not be able to do that with the econmy the way it is. I just want someone to defend their position, without saying basically that they are voting Obama to punish the repub., because if that is why you vote for someone you are doing us all a disservice. What about Obama’s past actions makes you think he would turn this country around, have you looked at his old district they are the lowest in many negative catagories in the nation while having the highest tax- 10.5% And I do not think you are ignorant either, just caught up in the hype of Obama and have blinders to everything else.

By JohnD

September 19, 2008 2:50 PM | Link to this

I’m afraid you are forgetting the Community Reinvestment Act passed under Carter that basically said that banks had to lend to all communities, not just the ones with good credit. The banks fought the CRA and lost.

Clinton then came along in 1995 with revisions to the CRA that allowed for securitization of mortgages, thereby creating the structure for companies such as Countrywide. I’m sure you have heard of them — they went bankrupt due to a bunch of loans given to people with bad credit but then packaged and sold as secure investments.

Bush proposed that Freddie and Fannie be put under the Treasury Department to provide additional oversight on their lending practices. The proposal was defeated on party lines with Barney Frank (D-MA) saying that there was no need as neither agency was facing any kind of crisis.

The way that I see it, the government created the crisis by forcing the banks to lend to people with poor credit, further enabled it by legislation creating a market for third party lenders that could make poor loans and then sell them to get them off their books and lastly, refused to create an oversight mechanism for the monster they created.

Jay believes that the answer to everything is government, and that “big business” is bad, but he’s got the shoes on the wrong feet. The party that created this mess is the democrats, not the republicans, and business had it right by not lending to poor credit risks until forced to by the government.

By tcoach

September 19, 2008 2:53 PM | Link to this

I do have difficulty understanding why you would not want to at least try to help a baby that is alive even after an attempt to abort it. I also do not understand why the government should be the ones involved in any way with my health care I do not understand I do not understand in anyway talking with Iran’s President I do not understand any of his plan it has been very vauge and changes alot so it is hard to keep up with

So please if you understand it so well please explain. Unless you cannot

Funny how short the post of Obama supporters get when they are not saying things like I know he did but McCain did this.

Just tell me the man’s policy or do you truely not know any of the policy of teh man you want to vote for.
No cut and paste just use your own words

By Liar-loan McCain

September 19, 2008 2:58 PM | Link to this

The Death of Reaganism. McCain hid behind a skirt. Palin and McCain? If politics makes strange bedfellows then America got short sheeted.

THAT’S IT finally.

McCain/Palin 08: If politics makes strange bedfellows, then America just got short sheeted.

bwa.

By Jake

September 19, 2008 3:02 PM | Link to this

Ms. God - So what do you and the annointed one prefer? A $2T bailout or having Depression 2 with all the little peeps in soup lines for the next ten years?

By WillieBkind

September 19, 2008 3:04 PM | Link to this

Godzilla…: You like to google to get what you call facts. Hey google glenn beck on cnn and see what he said about Hussein Obama’s connection with the corrupt chicago thugs. google chicago corruption and read for a week. You want a man who has experience from that place? Chicago is making headline news today about corruption. You know what they say about lying with dogs and getting fleas. but of course Hussein Obama is 16 points behind McCain in ga. I guess all those voting for H.O. are liberal transplants.

By Liar-loan McCain

September 19, 2008 3:05 PM | Link to this

.

McCain/Palin 08: If politics makes strange bedfellows, then America just got short-sheeted.

.

By Liar-loan McCain

September 19, 2008 3:05 PM | Link to this

.

McCain/Palin 08: If politics makes strange bedfellows, then America just got short-sheeted.

.

whew!

By WillieBkind

September 19, 2008 3:28 PM | Link to this

Ladies and gents! All of you who make those false accusations about Palin/McCain are just fooling yourselves. Maybe you should move to NY or CA and be around those that believe in lies and distortions. Obama is not right for American but would make commmunists china proud.

By Gumbo

September 19, 2008 3:28 PM | Link to this

Bookman is simply folllowing in the footsteps of such Socialist greats as Roosevelt and Hoover by blaming the Great Depression on capitalism. The result then was to extend the length of the Depression by several years.

Sadly, the Bookman’s of the world don;t read (or learn from) history.

By dutch

September 19, 2008 3:37 PM | Link to this

with all due repect….and very little is due…to suggest that the current admin is for limited government and free market concepts is an outrageous lie, simple stupidity or both…the pathology of the current financial problems are embedded in policies and laws that are based on the redistribution of wealth and the central belief that the federal government knows better than the population. it is now explicitly accepted that we are all devoid of the personal responsibility of consuming more than we produce and it is ok to continue feeding at the trough….Reagan is dead??? get a clue!!!btw: the bankers cant wait for the next round of ‘deregulation’. anticipated time of arrival…..4 years

By Locke

September 19, 2008 3:54 PM | Link to this

Bookman is laughable! There hasn’t been a “free market” in this country for almost a century (its final death throes occurred under Roosevelt’s New Deal). The spectacular failure we are currently witnessing is that of a quasi-socialist command economy whose monetary system is based purely upon faith instead of something with intrinsic value like gold. Once again, Marx goes down in flames!

By Emily

September 19, 2008 4:18 PM | Link to this

I cannot count the number of other young people who have told me when asked who is is they’re supporting for President, they say Obama. Then, in the next breath they say they’ll never really vote for him on election day but they’re afraid of being labeled a racist if they say McCain. My own sister is doing the same thing. She is for McCain yet tells everyone she is supporting Obama because she siad she expects some type of overt hostility if she goes with McCain and not Obama. Don’t beleive the polls, Obama will get far less white voters than what the polls are showing now. It’s a way people can ostensibly act hip and with it (they think) by saying Obama but at the 11th hour they’ll vote McCain.

By brandon

September 19, 2008 5:12 PM | Link to this

Jay, we haven’t had a free market in a long, long time. Government has their hand in everything, and it’s their rules and regulations that mess things up.

By bedtime for bozo

September 19, 2008 7:09 PM | Link to this

AJC/DNC Mgmt. No one is feeling a shyster MBA stooge like you right now. It’s clowns like yourself who got us in this mess with those voodoo algorithms from the Puke school of wacko economics.

What you and your criminal cohorts have been getting away with is akin to no limit poker with our money. For you or any other dimwit to keep complaining about libruls this or liburls that is a joke. You con artist conservatives have had the steering wheel to this country since 1980 and look where it has taken us. A surplus was left in 2000 and all it took was 8 years for crackhead Bush to squander it. Franky, we don’t need idiots like you giving any more advice, so do us all the favor, do the 1929 dance and jump off the BOA building scumbag!!

Commenting is open from 8 a.m. to 5 p.m. M-F

Post a comment



Remember me?

You may use the following formatting:
Bold: **this text will be bolded** = this text will be bolded
Italic: *this text will be italic* = this text will be italic
Link: [text to be linked](http://www.ajc.com) = text to be linked



There will be a delay of up to 5 minutes before your comment appears.


*HTML not allowed in comments. Your e-mail address is required.

 

Kudzu Services » Find the right people for the job