It's the Impending National Economic Collapse, Stupid!
By: The Grey Havens Published On: 1/20/2008 10:16:56 PM
* Bush's voodoo stimulus package won't do a thing -
* The companies that insure these failing lenders are about to go under - that's a $450 Billion hit to the economy impending WITHIN THE MONTH AND WILL CAUSE THE DOW TO DROP 2000 POINTS!
* If the government doesn't have a plan for this, the Markets will not open.
* The pocket book index: real per capita income goes down the year before an election is expected to drop like a rock, which means that Dems will "run the table grand sweep", and will "turn the politics of the country upside-down"
The weak-dollar policies of conservatism are about to gut the American middle-class. Economically, America will pay the price for a generation, and politically Republicans will pay the price for a generation.
Take that to the bank, because chances are, you're not going to have much else to take there.
Comments
Say that with a little less glee, please. (Johnny Longtorso - 1/20/2008 11:23:19 PM)
I'd like to still have a job a year from now, especially since the boyfriend and I are hoping to buy a house this year.
A note on Cramer (humanfont - 1/21/2008 12:34:53 AM)
He was wrong on the dot-com collapse; late to see it hit and way too early to call the bottom. He actually recommended Pulte and KB homes last year. He's out there to get TV ratings, not give great financial advice.
During the last economic collapse the money men tried to have a coup and oust Roosevelt. Things get crazy during an economic collapse.
That Coup Was Spearheaded by Granddaddy Bush (The Grey Havens - 1/21/2008 12:53:53 AM)
Prescott the Fascist (I"m not just throwing the word around, he was self-avowed) and his attempt to overthrow the Government.
The amazing story starts here:
But they didn't need to have a coup, they just bided their time , won the White House, and raped the wealth of the nation like a drunken step-father.
Good grief.... (Doug in Mount Vernon - 1/21/2008 5:33:11 PM)
...this leads to only one question... (it's a joke!)
Why do the Bushes hate a prosperous, happy, and secure America?
Short the OEX (Newport News Dem - 1/21/2008 12:36:58 AM)
Boy, sounds like some puts on the OEX would be a prudent action!!!
The bond insurers' collapse (Teddy - 1/21/2008 1:51:50 AM)
is the next round in the perfect storm resulting from the fulfillment of the disastrous neo-conservative philosophy.
Those who follow the Austrian economists like Dr. Richebacher (now deceased) are not surprised---- unhappy, but not particularly surprised, at this predictable calamity given both the monetary inflation policies of Greenspan-Bernanke, and the prevailing conservative emphasis on greed and social Darwinism, coupled with the well-known neo-con hatred of government and regulation. Cramer's dramatics are not unreasonable and are almost suitable for the occasion.
Whether we are entering stagflation, hyperinflation, or runaway deflation, rest assured, we are facing some kind of 'flation, and the pain is going to be enormous. Maybe we should all join Halliburtion in Dubai?
That guy from Mad Money annoys/scares the crap out of me (Silence Dogood - 1/21/2008 10:41:57 AM)