Jay Bookman

By Davo

October 6, 2008 11:56 AM | Link to this

Don’t be such a pansy Jay. It’s going to get alot worse.

By "The Corporal"

October 6, 2008 12:05 PM | Link to this

And we have a democrat led Congress to thank.

GO BARNEY !

By joan

October 6, 2008 12:13 PM | Link to this

We have an unrepresentative Congress who went against the public will in voting for the Bailout. The People were willing to take a chance on capitalism, allowing home prices to fall (and after all won’t that help more people into them?), but no, Congress, with the aid of the additional $150 Billion in pork (bribes in the real world)disregarded the people. Now we are scared, and we can’t trust our elected representatives. So of course the market is diving.

By tcoach

October 6, 2008 12:14 PM | Link to this

Jay do you think that Frank and crew are going to ever have to answer for this mess?

By "The Corporal"

October 6, 2008 12:17 PM | Link to this

Jay

You think the economy is scary? THIS is scary!

http://www.youtube.com/watch?v=rUEQz5dltmI

By AJC/DNC Management

October 6, 2008 12:19 PM | Link to this

Is Pelosi still smiling about her bailout?

By getalife

October 6, 2008 12:22 PM | Link to this

It was at 3300 when President Clinton so it is still way overpriced.

Watching the bailout hearings, the obvious question is why not hold these hearing before the bailout.

It makes them all look terrible and corrupt.

Heads need to roll starting with Paulson.

By hillbilly ragger

October 6, 2008 12:24 PM | Link to this

hey, conservatives?

for all your thrashing around of late trying to blame “the democrat Congress” for the economic woe, why is it that actual Americans want more Democrats in the Senate?

And if you’ve got such a rock-solid case to make that it’s somehow “the democrat Congress” and not, oh, say, Bush, or a Republican-controlled house and senate 2003-2007 (not to mention a 5-4 Supreme Court in Corporate America’s pocket) — why is McCain trying to change the subject and make the Presidential race about William Freaking Ayers?

By Fly_on_the_Wall

October 6, 2008 12:25 PM | Link to this

So where was McSame when ‘pork’ was added to the rescue? I didn’t hear a word from him at all. I thought he was going to call all of those earmarkers out.

By getalife

October 6, 2008 12:29 PM | Link to this

Oops, around 3300 when President Clinton took office.

I think it should be around 2000 if this is a depression like they say.

Of course, President Clinton did not throw away trillions to bail them out.

By Fly_on_the_Wall

October 6, 2008 12:29 PM | Link to this

Where was McSame when ‘Pork’ was added to the rescue? I thought he was going to call out all of those earmarkers?

By Mrs. Godzilla

October 6, 2008 12:30 PM | Link to this

Hillbilly Ragger

Top McCain Aide: ‘If We Keep Talking About The Economic Crisis, We’re Going To Lose’

That’s we they are recycling the Ayers lies.

It’s all the ammo they have left.

By TN Gelding

October 6, 2008 12:32 PM | Link to this

Let’s hope it is at or near the bottom.

From previous blog:

From e-mail archives:

Thursday, February 21, 2008 11:47 AM

One of the reasons the market has done so well over the last 28 years is the introduction of the 401(k) which started in 1982. Then the TSP kicked in in 1986. It took 22 years to recover from the crash that started in ‘29 and ended in ‘32. From ‘65 to ‘83 the market was flat. Look at the growth from ‘83 to 2000, especially from ‘95 to 2000! It’s only up 25% in the last 8 years and only 40% before the recent sell-off, not exactly earth shattering. I look for it to be around 10,000 when Bush leaves office. Of course, it could be at 20,000, but if it is it will be because of foreign investors. It should hold up fairly well because the companies that make up the Dow are getting half of their profits from overseas. Not so for the overall market, tho. We’re definitely in uncharted waters. Why risk losing everything overnight when you’ve been the beneficiary of phenomenal gains? This subprime scandal has really had a sobering effect on me. The times they are a’changing. Our days in the sun are rapidly coming to an end. It’s going to take years to work off the excessive housing inventory. With so many jobs going to Mexico and being outsourced to Asia the middle class is shrinking. The top 10%, and especially the top 1/10 of one percent are doing quite well and unless the tax code is radically changed are going to have to bail out the federal government or see us become subservient to China. The rest of us are going to have to return to a more simple life with one of the parents staying home and minding the kids. Maybe the government should just give every family 40 acres and a mule!

By Dusty

October 6, 2008 12:34 PM | Link to this

Aw, Jay, I think we need cheering up a bit. How about a new PICTURE? Something..(NO! NOT TINA FEY aka JB) ..lovely, inspiring, charming,picturesque….MADELYN ALBRIGHT!

I won’t charge you for this good advice. I still have plenty of $5 bills.

By getalife

October 6, 2008 12:35 PM | Link to this

fly,

He said he kept silent for bipartisanship.

Just another hypocrite, lying, corrupt old, fossil that should retire.

There are many like him especially in the Senate.

By AJC/DNC Management

October 6, 2008 12:35 PM | Link to this

Pelosi delivered the House of Representatives after they had already voted no.

That’s the difference that got it passed.

We let a dimwit and her merry band of democrat stooges take out our whole entire country.

Just like they wanted to do.

Now Oblahma wants to deliver the coup de grace.

By AJC/DNC Management

October 6, 2008 12:40 PM | Link to this

Meanwhile, let’s check and see what good use our oil money is being put to:

A Dubai government firm on Monday announced it will build a “new city” in the booming Gulf emirate at a projected cost of 95 billion dollars, shrugging off the global financial turmoil.

Thanks alot, bicycle boys.

By Bosch

October 6, 2008 12:42 PM | Link to this

So when is McCain going to let us know who the guys are that added all that pork to the bailout? He said he’d make their names known, or some bs like that?

Where’s the names McCain?

By TN Gelding

October 6, 2008 12:44 PM | Link to this

AJC/DNC Management

October 6, 2008 12:35 PM

Maybe San Francisco will do us a favor and replace Pelosi with Cindy Sheehan.

If not, then someone has to challenge her speakership and oust her.

By lrd

October 6, 2008 12:44 PM | Link to this

Bush has been so strong and reassuring and you know he has rolled up his shirt sleeves like he does in Crawford. In fact I would guess he is right now trying to clear the brush in our economy. Thankfully we have him leading us through this patch and with him having a few months left in office, you know his only focus now is leaving a strong economy to help America transition to a new president.

By Bosch

October 6, 2008 12:45 PM | Link to this

Fly,

I just repeated what you said earlier, sorry about that, but it’s a good question worth repeating right?

So, where are the names McCain?

By getalife

October 6, 2008 12:47 PM | Link to this

How about jumping back on your broom and go back to wingnut wooten’s blog crusty?

CEO Fuld of Lehman excepts no responsibility for his failure.

But lets bail him out too.

By Mrs. Godzilla

October 6, 2008 12:48 PM | Link to this

It’s being reported that Bush told Congress that martial law would be imposed if they voted no on the bailout

By Mrs. Godzilla

October 6, 2008 12:50 PM | Link to this

It is being reported that Don Young R-AK is responsible for the wooden arrow pork…..

By Mrs. Godzilla

October 6, 2008 12:54 PM | Link to this

My 12:50 is wrong….. My apologies.

By TN Gelding

October 6, 2008 12:56 PM | Link to this

Your pork might be my bread and butter, and vice versa.

By getalife

October 6, 2008 12:57 PM | Link to this

Fuld walks away with 400 to 500 million after bankrupting his company.

Waxman asks him if it is fair, Fuld changes the subject.

He’s a POS.

By Jen

October 6, 2008 12:58 PM | Link to this

Hey, I’m curious, anyone get this in their email lately? My brother sent me this. Right away I spotted the whole Raines lie. Care to debunk the rest? I think it’s turning viral…at least with conservatives…

IT’s called Shot in the Fannie Mae:

http://www.youtube.com/watch?v=1RZVw3no2A4&feature=related

By Goldie

October 6, 2008 1:27 PM | Link to this

The Economist mag is no liberal rag:

Reaping the whirlwind— George Bush’s presidency is ending in disaster

It’s only appropriate that the Bush presidency has ended in disaster because that’s the same way it started, too, back in Nov. 2000… kinda like “bookends”.

By getalife

October 6, 2008 1:30 PM | Link to this

Dennis Kucinich is a pit bull in this hearing.

By ByteMe

October 6, 2008 1:33 PM | Link to this

If you want to know where it ends, look at what happened between 1990 and 1995 and then what happened after and assume everything reverts to mean (because it does). Ballpark for the SPX appears to be around 850-900 before we get back to mean. Which would be cool, because then we should get a MONSTER buy signal.

By Dusty

October 6, 2008 1:43 PM | Link to this

Jem@12:58

That video had a lot of band playing, choir singing, etc. You said you spotted the Raines lie. Where was it?

By AmVet

October 6, 2008 1:46 PM | Link to this

The spineless Democrats.

What was one of the very first things Pelosi/Reid did when they came to the fore in 2006?

They took impeachment “off the table”!

GREAT! Just give this worst ever president cart blanche to do what he jolly well wanted and have NO fears that the Dems will hold his feet to the fire.

All of this after watching closely a US President who has nothing but contempt for the Constitution and the separation of powers.

It is time for America to wake up and realize that these two equally criminal parties do NOT OWN YOU.

By Mrs. Godzilla

October 6, 2008 1:53 PM | Link to this

I’d always thought McCain’s great strength in defending the Keating affair was that he’d acknowledged making a huge mistake, and spent his career repenting by recasting himself as a reformer. So when his campaign puts his lawyer on the line with reporters to contest the details of a congressional inquiry that, largely, let McCain off the hook, doesn’t that cloud the sin-confession-atonement dynamic a bit?

Does this count as another flip flop?

By Taxpayer

October 6, 2008 1:54 PM | Link to this

Jay,

Did anyone answer the question. Allow me: zero is the bottom. It will never go lower than that.

By TN Gelding

October 6, 2008 1:54 PM | Link to this

ByteMe

October 6, 2008

Did you mean 2000-2005?

By Tell It Like It Is

October 6, 2008 2:15 PM | Link to this

The economy is not a democrat vs.republican issue. This is an American issue where all parties are complicit to the problem. I just heard that the former CEO of Lehman Brothers took home almost $500 million in compensation not including stock options. I do not care about who has known who in the past. The market is down 600 points and I am worried about our survival.

By David

October 6, 2008 2:27 PM | Link to this

TN Gelding is right. Everyone played a role in this.