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bpuharic May 10th 10 12:39 AM

economist blames wall street for collapse
 
On Sun, 09 May 2010 16:59:48 -0600, Canuck57
wrote:

On 09/05/2010 2:21 PM, bpuharic wrote:
On Sun, 09 May 2010 14:11:04 -0600,
wrote:

You say 7% of Amercians are union yet you say no unions exist in the
same sentance.

Have another drink **** for brains.


hey genius....7% means zip.

tell me which political party had 7% of the vote last year. 7% means
no power at all. none.


In my neck of the woods that would be the Tax Me Silly "Green Party".
They can only find 7% of the dumb****s, even too stupid for liberals to
support.


thanks for proving my point. 7% aint worth dick


bpuharic May 10th 10 12:42 AM

economist blames wall street for collapse
 
On Sun, 09 May 2010 17:02:50 -0600, Canuck57
wrote:

On 09/05/2010 2:59 PM, D.Duck wrote:

"bpuharic" wrote in message
...
On Sun, 09 May 2010 15:33:00 -0400, wrote:

Let's see, 20~80% is about 60%. 60% of 110M wage earners is 66M. The
number is shrinking.


Yep. And the only reason why inflation isn't nuts right now is price
pressures of people not haveing the debt/credit/money they used to.


really? why not check he

http://www.inflationdata.com/inflati...tion_chart.htm

to see long term inflation rates. seems inflation has always pretty
much run what it is now. about 2.5%

and the reason we have no money is the rich folks have ensured the
middle class gets no pay increase for 10 years


bpuharic May 10th 10 12:43 AM

economist blames wall street for collapse
 
On Sun, 9 May 2010 19:35:52 -0400, "D.Duck" wrote:


"bpuharic" wrote in message
.. .
On Sun, 9 May 2010 16:59:35 -0400, "D.Duck" wrote:


http://en.wikipedia.org/wiki/File:Income-curve-$10k.png

Let's see, 20~80% is about 60%. 60% of 110M wage earners is 66M. The
number is shrinking.


oh. so only 66M americans are idiots and should live ijn poverty?

i stand corrected


You're the stickler for "facts".


actually you forgot the fact the middle class includes WORKERS AND
THEIR FAMILIES

66M middle class wage earners

their spoused

their children...



bpuharic May 10th 10 12:43 AM

economist blames wall street for collapse
 
On Sun, 09 May 2010 17:04:09 -0600, Canuck57
wrote:

On 09/05/2010 3:09 PM, bpuharic wrote:
On Sun, 09 May 2010 14:55:11 -0600,
wrote:

On 09/05/2010 10:34 AM, bpuharic wrote:

notice he thinks 100,000,000 americans should spend all their time
sitting on their asses watching their stocks instead of raisin their
kids, building their communities, etc...

Funny, my kid is out on her own, owns a million dollar home and has her
own business. Made us grandparents too.


blah blah blah, right wing bull****...


So I sat down and explained socialism.


good thing the only socialists around are in venezuela, isn't it?


Socialists are like mosquitoes. Trick is to swat them before they get
your blood.


right wingers are like vampires...they hypnotize you with bull****....

then suck out every last drop of blood...being the greedy *******s
they are


hk May 10th 10 12:44 AM

economist blames wall street for collapse
 
On 5/9/10 7:35 PM, D.Duck wrote:

"bpuharic" wrote in message
...
On Sun, 9 May 2010 16:59:35 -0400, "D.Duck" wrote:


"bpuharic" wrote in message
...
On Sun, 09 May 2010 15:33:00 -0400, wrote:

On Sun, 09 May 2010 14:42:19 -0400, bpuharic wrote:


and if the middle class hasnt had a real wage increase in 10 years,
you have to invent SOME idiotic reason it's their fault...


BTW where do you get that 100m number you keep throwing around as
fact? If I believe the definition of middle class that was established
here ($100k to $200k) the total number of households is more like 13
million.

there are about 110M wage earners in this country. the middle class
generally is the middle 20-80%

http://en.wikipedia.org/wiki/File:Income-curve-$10k.png

Let's see, 20~80% is about 60%. 60% of 110M wage earners is 66M. The
number is shrinking.


oh. so only 66M americans are idiots and should live ijn poverty?

i stand corrected


You're the stickler for "facts".



And you're just...tacky.

--
The Tea Party's teabaggers are just the Republican base by another name.

bpuharic May 10th 10 12:50 AM

economist blames wall street for collapse
 
On Sun, 09 May 2010 17:21:05 -0600, Canuck57
wrote:

On 09/05/2010 12:46 PM, bpuharic wrote:
On Sun, 09 May 2010 13:28:59 -0400, wrote:



really? got any proof?

or is the only proof you need listening to limballs?


Not that you want to see, but with unemployment going 9.7 to 9.9 and GDP
is reputed to be growing, it has historically been a 100% hit rate on
pending inflation.


fine. when it hits you be sure and let me know, OK? the reason
inflation hasn't been rising is that the rich have been screwing the
living **** out of the middle class for the last 10 years and ensuring
we live paycheck to paycheck


Read some good books. Not the kenesian BS,


sorry sport. i did my grad work reading rudiger dornbusch of MIT. i
now read simon johnson, of MIT, joseph stiglitz, nobel prize winner,
paul krugman, of princeton, nobel prize winner, nouriel roubini of NYU
who predicted the crash, herbert simon who taught at the university
where i spent my freshman year...and who won the nobel prize...

you? you listen to limballs

and keynesianism? gaining a WHOLE LOT of respect among conservatives
since friedman has been shown to be full of bull****

some good books with lots of
straight up historical real events and discussions. Like the one that
says a recession/depression is coming when real interest rates on
savings goes below real unadjusted inflation.


gee. the rich have engineered this by stealing middle class 401K's,
destroying pensions, trying to stave off middle class health
insurance, etc

all teh while ensuring they get protected for ****ing up the economy


And discussions on why bonds go down near the end. Right now, if you
are into loaning money in CDs, t-bills, or whatever, good time to get
the frack out. Interest rates have only one way to go and it isn't down.


depends on how the rich think they can screw the middle class again


Canuck57[_9_] May 10th 10 12:54 AM

economist blames wall street for collapse
 
On 09/05/2010 2:30 PM, bpuharic wrote:
On Sun, 09 May 2010 15:50:34 -0400, wrote:

On Sun, 09 May 2010 14:46:35 -0400, wrote:

On Sun, 09 May 2010 13:28:59 -0400,
wrote:

On Sun, 09 May 2010 12:42:16 -0400, wrote:

by the way...what's the rate of inflation nowadays?

oh. there isn't any.


Bought any oil based products lately? (everything is oil based) There
is certainly inflation going on. The fed is just ignoring it and
borrowing to hide it by printing money.

really? got any proof?

or is the only proof you need listening to limballs?



The proof I have is I go to the gas station, the grocery store and I
pay a cable bill (until I fired them). What is not going up?


?? so your little 7-11 grocery store is the entire US economy?

gee. i had no idea it was so busy


The BLS agrees with me but you know how those government people lie.


really? again, i ask

where's your proof?


http://www.bls.gov/news.release/cpi.nr0.htm

EXACTLY!! finally you get it you IDIOT!!

inflation is running at about 2.5%. and it's been that way for YEARS.

but you right wingers think it's like zimbabwe...

paranoia...tin foil hat paranoia



Did we say Zimbabwe also tried the print money and debt to spend out of
debt?

They did. Wish I had the link to the $10,000,000 note that would not
buy a loaf of bread.

It is called currency dilution. Otherwise known as inflation. One in
the same. Governemnt prints money it does not have, then inflation.
Trouble is they lie their asses off on the real impact. Real inflation,
unadjusted for governemtn BS is as I figure 1.6 times that of the
government rate.

So if government clains 2%, I believe after taxes to the net income it
is closer to 3.2%.

And it is like Zimbabwe, Agenina, Brazil, Germany (pre WW II), 1929 USA,
Iceland, Spain, Greece (isn't the first time the ******s are a
welshing), Venezuela, Mexico and dozens of others, 100% of the time it
is a whopping inflation.

Government actually _wants_ it for some important reasons.

1) What sounds better if you are greedy government, getting taxes on
$3.000 a gallon or $6 gallon of gasoline? The alter of course.

2) If a house was worth $400k, but today is worth $200k, if 100%
inflation took, it would revalue the house to $400k and people would be
less inclined to walk away.

3) For the suckers doing t-bills for locked in, and inflation hits say
100%, then the t-bill will loose 1/2 of it's value in favor of th
debtor. This inflation is good for debt welshers.

But 3) is where Chinese, Saudi and Japanese (major creditors) have
issues with the US congressional money mismanagment. So China, the
worlds now premier currency is pegged to the US to protect its debt in
the US from devaluing. In essense, the Chinese Yuan is proping up the USD.

That will work for awhile, but sooner or later the Chinese will write it
off. And with Japan in so much debt, they would rather clean up their
books, a rather bad mess for US futures.

Call it the Obama bad debtor paying chicken with the worlds creditors.
And he is going to loose big time. $14.5 trillion of defunct debt. Now
that is worth a wild assed market crash. Makes Greece look like a cake
walk.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.

nom=de=plume[_2_] May 10th 10 12:59 AM

economist blames wall street for collapse
 
"Canuck57" wrote in message
...
On 09/05/2010 10:35 AM, bpuharic wrote:
On Sun, 09 May 2010 11:36:45 -0400, wrote:

On Sun, 09 May 2010 10:18:09 -0400, wrote:

On Sun, 9 May 2010 09:21:20 -0400, wrote:


when you sell stocks you either gain or losr stay even

guess what happened to the folks who sold at the end of the day
yesterday?


My stop loss orders triggered so I am looking for a good bottom to get
back in. I already have some prices picked but I haven't placed the
orders. I am watching this Euro thing to see what will happen before I
get back in.


guess the right doesn't know that ALOT of trading is computer
controlled...which is why a trillion evaporated in one day


Funny, they know better than popper bpuharic. I use if every trading day,
even had limit and stop losses kick in last Thursday but admit I wish I
had more orders in.

they keep denying it happened. just like they bitch about obama
spending a trillion over the course of a year.

the difference is that wall street is run by rich white guys.

obama's black.


He is 1/2 black with a big mouth. So what is your point? You are brnging
race into it again? Guess that means you have nothing more intelligent to
add.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.



And, you're full racist with a small brain. So what is your point?



Canuck57[_9_] May 10th 10 12:59 AM

economist blames wall street for collapse
 
On 09/05/2010 3:26 PM, nom=de=plume wrote:
wrote in message
...
On Sun, 9 May 2010 10:05:08 -0700,
wrote:

It was a trillion that never really existed in the first place. It was
just phony paper "money" they created out of thin air.


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!


A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.



Yes, thus the money is certainly real for those exercising trades. It also
has the effect of making companies vulnerable to pirates, who would take
advantage of low stock prices. Again, very real consequences.


Not at all. If it were not for those low ball limit orders, the market
might have hit 0. Limit order protect variances, trouble as at the
point of Thursdays almost 1000 point drop there were very few buyers.
Nobody wanted US worthless **** for 10 minutes.

No big. Some of the biggest losers I would never buy. If you can't
take this volitility, then get out.

The real stock price is 100% valued at any one point in time to exactly
what someone will _pay_ to buy the lot sold. Not one cent less or more.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.

nom=de=plume[_2_] May 10th 10 12:59 AM

economist blames wall street for collapse
 
"bpuharic" wrote in message
...
On Sun, 9 May 2010 15:27:41 -0700, "nom=de=plume"
wrote:

"Canuck57" wrote in message
...
On 09/05/2010 11:40 AM, wrote:
On Sun, 9 May 2010 10:05:08 -0700,
wrote:
--
There is a sucker born every minute, liberals and our politicians are
counting on it.



Come on. You don't have a "broker" since you're clearly poor as dirt.


actually he DOES have a broker....

a pawn broker...



I stand corrected! LOL



Canuck57[_9_] May 10th 10 01:01 AM

economist blames wall street for collapse
 
On 09/05/2010 4:02 PM, hk wrote:
On 5/9/10 5:56 PM, Canuck57 wrote:
On 09/05/2010 11:40 AM, wrote:
On Sun, 9 May 2010 10:05:08 -0700,
wrote:

It was a trillion that never really existed in the first place. It was
just phony paper "money" they created out of thin air.


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.


If my broker screwed up one of my trades, I would ask his manager if
they liked my business, they would fix it. And if they didn't, I would
put the facts on the internet. I don't tollerate screw ups on my
banking/trading.


snerk


How much does that little glass piggy bank of yours hold?


Don't know. I gave that up at 14 or so. Use a bank, then a brokerage.
I can't carry my NW any more. Far too heavy if it was currency.

So how is your penny pincing doing? Filled the baby food jar yet?

--
There is a sucker born every minute, liberals and our politicians are
counting on it.

bpuharic May 10th 10 01:19 AM

economist blames wall street for collapse
 
On Sun, 09 May 2010 17:54:09 -0600, Canuck57
wrote:

On 09/05/2010 2:30 PM, bpuharic wrote:
On Sun, 09 May 2010 15:50:34 -0400, wrote:


EXACTLY!! finally you get it you IDIOT!!

inflation is running at about 2.5%. and it's been that way for YEARS.

but you right wingers think it's like zimbabwe...

paranoia...tin foil hat paranoia



Did we say Zimbabwe also tried the print money and debt to spend out of
debt?


and did we say that inflation is running at 2.5%?

to you that's the same as 2500%

such is right wing math

So if government clains 2%, I believe after taxes to the net income it
is closer to 3.2%.

And it is like Zimbabwe, Agenina, Brazil, Germany (pre WW II), 1929 USA,
Iceland, Spain, Greece (isn't the first time the ******s are a
welshing), Venezuela, Mexico and dozens of others, 100% of the time it
is a whopping inflation.


any proof other than rush limballs saying it?


Call it the Obama bad debtor paying chicken with the worlds creditors.
And he is going to loose big time. $14.5 trillion of defunct debt. Now
that is worth a wild assed market crash. Makes Greece look like a cake
walk.


more tin foil hat paranoia. more bull****

not a single fact in the whole string of bull****


D.Duck[_5_] May 10th 10 02:00 AM

economist blames wall street for collapse
 

"hk" wrote in message
m...
On 5/9/10 7:35 PM, D.Duck wrote:

"bpuharic" wrote in message
...
On Sun, 9 May 2010 16:59:35 -0400, "D.Duck" wrote:


"bpuharic" wrote in message
...
On Sun, 09 May 2010 15:33:00 -0400, wrote:

On Sun, 09 May 2010 14:42:19 -0400, bpuharic
wrote:


and if the middle class hasnt had a real wage increase in 10 years,
you have to invent SOME idiotic reason it's their fault...


BTW where do you get that 100m number you keep throwing around as
fact? If I believe the definition of middle class that was
established
here ($100k to $200k) the total number of households is more like 13
million.

there are about 110M wage earners in this country. the middle class
generally is the middle 20-80%

http://en.wikipedia.org/wiki/File:Income-curve-$10k.png

Let's see, 20~80% is about 60%. 60% of 110M wage earners is 66M. The
number is shrinking.

oh. so only 66M americans are idiots and should live ijn poverty?

i stand corrected


You're the stickler for "facts".



And you're just...tacky.

--
The Tea Party's teabaggers are just the Republican base by another name.


I guess I'm happy being a member of the "middle" class. Been retired 15
years, no pension increase, no Social Security increase this year or next.
My standard of living has not deteriorated in spite of it all.

Maybe I just planned better in my younger years than some here have done.


hk May 10th 10 02:03 AM

economist blames wall street for collapse
 
On 5/9/10 8:01 PM, Canuck57 wrote:
On 09/05/2010 4:02 PM, hk wrote:
On 5/9/10 5:56 PM, Canuck57 wrote:
On 09/05/2010 11:40 AM, wrote:
On Sun, 9 May 2010 10:05:08 -0700,
wrote:

It was a trillion that never really existed in the first place. It
was
just phony paper "money" they created out of thin air.


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.

If my broker screwed up one of my trades, I would ask his manager if
they liked my business, they would fix it. And if they didn't, I would
put the facts on the internet. I don't tollerate screw ups on my
banking/trading.


snerk


How much does that little glass piggy bank of yours hold?


Don't know. I gave that up at 14 or so. Use a bank, then a brokerage. I
can't carry my NW any more. Far too heavy if it was currency.

So how is your penny pincing doing? Filled the baby food jar yet?



I have no need to pinch pennies.

--
The Tea Party's teabaggers are just the Republican base by another name.

hk May 10th 10 03:20 AM

economist blames wall street for collapse
 
On 5/9/10 10:02 PM, wrote:
On Sun, 09 May 2010 15:56:14 -0600,
wrote:


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.


If my broker screwed up one of my trades, I would ask his manager if
they liked my business, they would fix it.


I had a broker screw up one of my trades a while ago but fixing it was
no real problem. They tape all of the phone calls. I had them review
the tape and they made it good



Being virtually "out of the market," I no longer worry about such stuff.
It also does my heart good to know I'm not contributing much to the
thieves of wall street, although our "system" does require me to deal
with the thieves at a couple of banks.

These days, I "dabble" in stocks a little to satisfy my whims. I bought
some Apple shares when I bought my first Apple computer a computer of
years ago. Those shares are doing OK. I probably should dump them, pay
the taxes that would be due, and buy some rental real estate.





--
The Tea Party's teabaggers are just the Republican base by another name.

hk May 10th 10 03:34 AM

economist blames wall street for collapse
 
On 5/9/10 10:25 PM, wrote:
On Sun, 9 May 2010 14:26:49 -0700,
wrote:

wrote in message
...
On Sun, 9 May 2010 10:05:08 -0700,
wrote:

It was a trillion that never really existed in the first place. It was
just phony paper "money" they created out of thin air.


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.



Yes, thus the money is certainly real for those exercising trades. It also
has the effect of making companies vulnerable to pirates, who would take
advantage of low stock prices. Again, very real consequences.



... but the money is only real when you sell the stock and if too many
people try to sell the stock the price drops so the true "value" is a
nebulous thing to define.
My brokerage report calls the position "unrealized gains" so we won't
get too giddy about our good fortune.
As BP found out, all of those gains in his 401k in 2006 were just love
letters in the sand.
When a significant number of boomers start drawing off their 401ks he
won't have much there at all. That is the huge joke on the early 50
somethings and younger about this 401k deal.
Much like Social Security, it may be gone by the time they get their
shot at it.
After watching how things went this week, I am thinking about just
cashing out my 401k and buying silver coins or something.
I bought a bag of silver dimes in the late 90s for 6x face, they are
going more like 13x face now.
BP wishes his 401k was doing as well and if the dollar crashes, silver
will be worth more. I am just sorry I didn't buy a wheel barrow full.
I have ~10,000 rounds of ammo that has appreciated quite a bit more
than that in the same time frame. My machine gun is 10x what I paid
for it. I may cash that one in this year.
Paper is not the only way to hold money.



Machine gun? That's what I need to hold off the LoogyZombies...what
kind...and should I start the paperwork for a transfer?

My last firearms purchase was a CZ-75 Shadow, highly customized. It's
now single action, with a 3# trigger. Incredibly accurate, at least as
accurate as the Sig target pistol I owned for a couple of years. Holds
19 rounds in the mag, one in the pipe.




--
The Tea Party's teabaggers are just the Republican base by another name.

bpuharic May 10th 10 03:53 AM

economist blames wall street for collapse
 
On Sun, 09 May 2010 22:20:33 -0400, wrote:

On Sun, 09 May 2010 19:05:37 -0400, bpuharic wrote:


i wonder if he bangs his head on concrete in order to get things into
it

gee. if 100M americans dont get a raise

uh...where, pray tell, are we all going to go to demand a raise?

you're not too bright. in fact you're rather dense

.



You make up a number (100,000,000, cite a "fact" (they never got a
raise) that you can't back up and then tell everyone they are a dumb
if they disagree with you


moron. you're just a right wing idiot who never reads

http://economix.blogs.nytimes.com/20...o-income-gain/

The typical American household made less money last year than the
typical household made a full decade ago.

To me, that’s the big news from the Census Bureau’s annual report on
income, poverty and health insurance, which was released this morning.
Median household fell to $50,303 last year, from $52,163 in 2007. In
1998, median income was $51,295. All these numbers are adjusted for
inflation.

and this, the full report:

http://www.census.gov/prod/2009pubs/p60-236.pdf

Real median household income
fell between 2007 and 2008,
and the decline was widespread.
Median income fell for family and
nonfamily households, native- and
foreign-born households, households
in 3 of the 4 regions, and
households of each race category
and those of Hispanic origin.1

number of households in the US:

http://en.wikipedia.org/wiki/Househo..._United_States

In 2006, there were approximately 116,011,000 households in the United
States.

.. This is just based on your miserable job
choice, don't try to transfer that to everyone else. Grow a set of
balls, tell your boss you want a raise or go get a better job.


and you are just a blithering moron right wing fanatic who doesn't
know even the basic facts about the american economy, or the plight of
the middle class

go, suck up to your rich friends, idiot you deserve each other

As long as you keep eating ****, they will keep feeding it to you.


says the guy who, when the rich want to throw him in the street blames
himself

It sounds like you just picked a horrible profession if you haven't
had a raise in 10 years


hey idiot. go read the facts. stop letting rush limbaugh fill your
head with right wing horse****, OK?

you truly DO like to suck the cocks of the rich, don't you?


.. My wife's assistant has almost doubled his
salary in 2 years. She gets a raise every year and she has told them
she will leave the first year she doesn't.


no one gives a **** about your wifes ass. you right wingers have NO
evidence for your bull**** beliefs

bpuharic May 10th 10 03:58 AM

economist blames wall street for collapse
 
On Sun, 09 May 2010 22:42:09 -0400, wrote:

On Sun, 09 May 2010 19:06:41 -0400, bpuharic wrote:


ever hear of the great depression?



Yes and it took a world war to break it.


uh, no. what it took was a MASSIVE GOVT SPENDING PROGRAM and MASSIVE
DEBT.

a war will do that. so will obama's deficit spending.

All of the FDR programs left
us still in a depression with no real light at the end of the tunnel.
Our problem then was unused industrial capacity.
The war filled that void.


gee. just like obama's deficit spending

Today we have shipped most of our industrial capacity to Mexico and
China. We have a crisis of not really doing anything here.


and wall street...uh, how did the TRILLIONS of dollars that wall
street paid itself in bonuses

uh...how did that benefit jobs since there have been NO net jobs
created in the last 10 years?

any comment from the deluded right wing?


Right now we are just printing money and hoping we won't ever have to
back it up because we still have not created any real employment for
most of the people who are out of work.


and the economy is improving. over the last quarter more jobs were
created than lost

i realize to the right wing this is a tragedy since they hate the
middel class...but those are the facts

Over 40% of our GDP is nothing but the shuffling of paper assets on
Wall Street (3 times what it was in the 60s and early 70s). We are not
creating any real wealth by hiring workers and making something we
sell, we are just printing money and passing it around to make it look
like we are prosperous.


gee. and that's EXACTLY what the rich have been doing. inventing
financial instruments, selling them back and forth and destroying jobs

but you right wingers think that's great.

When the real crash comes, it will be fast and it will be deep. Money
as we know it could be worthless. All it will really take is the
Chinese, Japanese and Europeans not renewing our bonds.


ROFLMAO!! ever hear of keynes' observation:

if you owe the bank $1000, you have a problem

if you owe the bank $1,000,000 the bank h as a problem

do you think that, with 2 TRILLION in US dollars, china's gonna tell
us to go get ****ed?



bpuharic May 10th 10 04:06 AM

economist blames wall street for collapse
 
On Sun, 09 May 2010 22:48:28 -0400, wrote:

On Sun, 09 May 2010 19:12:47 -0400, bpuharic wrote:



What the hell are you talking about?


you havent been following the market for the last week or 2 have you?
it's been dropping as the greek situation became news...it's BEEN news
for several weeks


The down spike you are talking about lasted about 15 minutes.
There was a correction but that was not a trillion dollars.


http://tpmcafe.talkingpointsmemo.com...ute-trilli.php

The Dow Jones Industrial Average fell almost 1000 points in ten
minutes today, wiping out $1 trillion in equity values as algorithmic
trading by high-speed computers spun out of control.

-----------------

gee. it certainly looks like markets are rational, just like the right
wing preaches, doesn't it??


uh...no. in fact i quite squarely blame it on the right winger phil
gramm and his enron VP wife who engineered a bill to exclude the SEC
from regulating derivatives


Bush, Gramm, Clinton, I guess they are all the same guy in your mind


and the right wing....

never heard of gramm...



bpuharic May 10th 10 04:07 AM

economist blames wall street for collapse
 
On Sun, 09 May 2010 22:51:59 -0400, wrote:

On Sun, 09 May 2010 19:21:23 -0400, bpuharic wrote:

On Sun, 09 May 2010 17:26:53 -0400,
wrote:

On Sun, 09 May 2010 16:30:03 -0400, bpuharic wrote:

The BLS agrees with me but you know how those government people lie.

really? again, i ask

where's your proof?


http://www.bls.gov/news.release/cpi.nr0.htm

EXACTLY!! finally you get it you IDIOT!!

inflation is running at about 2.5%. and it's been that way for YEARS.

I am not stupid enough to think 2.5% is zero.


you're stupid enough to think it's 2500%



When did I say that?

You said zero and I called you on it


no, you said massive inflation

i'm waitin for you to post your proof that the US is undergoing
massive inflation

2.5% is about normal inflation over the last 30 years or so for the
economy. obama is NOT causign massive inflation



bpuharic May 10th 10 04:08 AM

economist blames wall street for collapse
 
On Sun, 09 May 2010 22:54:35 -0400, wrote:

On Sun, 09 May 2010 19:33:59 -0400, bpuharic wrote:

one can only imagine what leads right wingers to compare cabbage patch
dolls to collateralized debt obligations worth 62 trillion dollars


They were both worthless bits of **** that people thought would be
worth a lot some day. The analogy is valid.


except cabbage patch dolls weren't traded by investment houses and
didn't lead to the collapse of the US economy


bpuharic May 10th 10 04:12 AM

economist blames wall street for collapse
 
On Sun, 09 May 2010 23:01:16 -0400, wrote:

On Sun, 09 May 2010 21:03:39 -0400, hk
wrote:

I have no need to pinch pennies.



Explain that to BP
You must be a right wing, middle class hating, wall street loving
limbaugh listening, tea bagger in disguise ;-)

BTW Did you get a raise in the last 10 years?


the right wing is in denial, believing that the rich will always take
care of the middle class.

but they're full of bull****

http://www.census.gov/prod/2009pubs/p60-236.pdf

see figure 1 on page 7.

of course, you're gonna try to bull**** your way out of the
facts...but appealing to st. rush limbaugh isn't gonna help you here,
sport

the middle class hasn't had a raise in 10 years.

suck it up, right wing fanatic

nom=de=plume[_2_] May 10th 10 05:19 AM

economist blames wall street for collapse
 
"Canuck57" wrote in message
...
On 09/05/2010 3:26 PM, nom=de=plume wrote:
wrote in message
...
On Sun, 9 May 2010 10:05:08 -0700,
wrote:

It was a trillion that never really existed in the first place. It was
just phony paper "money" they created out of thin air.


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.



Yes, thus the money is certainly real for those exercising trades. It
also
has the effect of making companies vulnerable to pirates, who would take
advantage of low stock prices. Again, very real consequences.


Not at all. If it were not for those low ball limit orders, the market
might have hit 0. Limit order protect variances, trouble as at the point
of Thursdays almost 1000 point drop there were very few buyers. Nobody
wanted US worthless **** for 10 minutes.

No big. Some of the biggest losers I would never buy. If you can't take
this volitility, then get out.

The real stock price is 100% valued at any one point in time to exactly
what someone will _pay_ to buy the lot sold. Not one cent less or more.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.



Basically, you know nothing about economics or how the stock market works.
Stupidity confirmed!



nom=de=plume[_2_] May 10th 10 05:23 AM

economist blames wall street for collapse
 
wrote in message
...
On Sun, 9 May 2010 14:26:49 -0700, "nom=de=plume"
wrote:

wrote in message
. ..
On Sun, 9 May 2010 10:05:08 -0700, "nom=de=plume"
wrote:

It was a trillion that never really existed in the first place. It was
just phony paper "money" they created out of thin air.


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.



Yes, thus the money is certainly real for those exercising trades. It also
has the effect of making companies vulnerable to pirates, who would take
advantage of low stock prices. Again, very real consequences.



... but the money is only real when you sell the stock and if too many
people try to sell the stock the price drops so the true "value" is a
nebulous thing to define.


As I said, that's not the whole story. As a stock drops, other companies and
individuals with deep pockets have a better opportunity to take over a
company. There's also the confidence factor, which is certainly a real
factor with big financial compaies.

My brokerage report calls the position "unrealized gains" so we won't
get too giddy about our good fortune.


Right, well, as I said.

As BP found out, all of those gains in his 401k in 2006 were just love
letters in the sand.
When a significant number of boomers start drawing off their 401ks he
won't have much there at all. That is the huge joke on the early 50
somethings and younger about this 401k deal.
Much like Social Security, it may be gone by the time they get their
shot at it.


Unlikely unless they're not investing properly. Diversification actually
works.

After watching how things went this week, I am thinking about just
cashing out my 401k and buying silver coins or something.
I bought a bag of silver dimes in the late 90s for 6x face, they are
going more like 13x face now.


I wouldn't suggest it. It's not liquid. If you're really concerned, put your
money in Treasuries.

BP wishes his 401k was doing as well and if the dollar crashes, silver
will be worth more. I am just sorry I didn't buy a wheel barrow full.
I have ~10,000 rounds of ammo that has appreciated quite a bit more
than that in the same time frame. My machine gun is 10x what I paid
for it. I may cash that one in this year.
Paper is not the only way to hold money.


Umm... there's really no such thing as paper any more. It's all digital. :)



hk May 10th 10 11:07 AM

economist blames wall street for collapse
 
On 5/9/10 11:01 PM, wrote:
On Sun, 09 May 2010 21:03:39 -0400,
wrote:

I have no need to pinch pennies.



Explain that to BP
You must be a right wing, middle class hating, wall street loving
limbaugh listening, tea bagger in disguise ;-)

BTW Did you get a raise in the last 10 years?



I'm self-employed, so the rules of "raise" don't apply. I know what BP
means, though, and he's correct. Middle class families have fallen
behind generally on increases in income. That's been demonstrated
statistically any number of ways.

--
The Tea Party's teabaggers are just the Republican base by another name.

hk May 10th 10 11:09 AM

economist blames wall street for collapse
 
On 5/9/10 11:55 PM, wrote:
On Sun, 09 May 2010 22:34:29 -0400,
wrote:

Machine gun? That's what I need to hold off the LoogyZombies...what
kind...and should I start the paperwork for a transfer?


10/22 Norrell conversion, virtually new in box. Maybe 300-400 rounds
fired through it. Ram loader and several hi-cap magazines of various
types.
I would really like $10k but the last time I looked they were more
like $9000-9500 on subgun.
Have your dealer call me ;-)


Uh...I was hoping for bigger and better... :)

--
The Tea Party's teabaggers are just the Republican base by another name.

bpuharic May 10th 10 11:15 AM

economist blames wall street for collapse
 
On Sun, 09 May 2010 23:59:39 -0400, wrote:

On Sun, 09 May 2010 22:58:01 -0400, bpuharic wrote:

On Sun, 09 May 2010 22:42:09 -0400,
wrote:

All of the FDR programs left
us still in a depression with no real light at the end of the tunnel.
Our problem then was unused industrial capacity.
The war filled that void.


gee. just like obama's deficit spending


Didn't you just tell us the market was crashing again?


for a day. shows the wonderful rationality of markets, doesn't it?


Today we have shipped most of our industrial capacity to Mexico and
China. We have a crisis of not really doing anything here.


and wall street...uh, how did the TRILLIONS of dollars that wall
street paid itself in bonuses

uh...how did that benefit jobs since there have been NO net jobs
created in the last 10 years?


I am confused. Are you arguing with yourself here? You seem to be
doing a better job than me so I will just sit back and watch you
fight.


as a right winger, i know what you're sitting back doing. i hope you
don't type with that hand



bpuharic May 10th 10 11:17 AM

economist blames wall street for collapse
 
On Mon, 10 May 2010 00:37:13 -0400, wrote:



you're stupid enough to think it's 2500%



When did I say that?

You said zero and I called you on it


no, you said massive inflation

i'm waitin for you to post your proof that the US is undergoing
massive inflation

2.5% is about normal inflation over the last 30 years or so for the
economy. obama is NOT causign massive inflation


The only reference I have made to massive inflation is when we can no
longer get our debt serviced. That might not be that far off.


you right wingers. you hate obama. why?

well...'might...could...perhaps...' you get hysterical about events
that havent happened while ignoring what bush actually DID to the
economy.

the only logical conclusion is that you hate obama because of his race


D.Duck[_5_] May 10th 10 12:00 PM

economist blames wall street for collapse
 

"bpuharic" wrote in message
...
On Mon, 10 May 2010 00:37:13 -0400, wrote:



you're stupid enough to think it's 2500%



When did I say that?

You said zero and I called you on it

no, you said massive inflation

i'm waitin for you to post your proof that the US is undergoing
massive inflation

2.5% is about normal inflation over the last 30 years or so for the
economy. obama is NOT causign massive inflation


The only reference I have made to massive inflation is when we can no
longer get our debt serviced. That might not be that far off.


you right wingers. you hate obama. why?

well...'might...could...perhaps...' you get hysterical about events
that havent happened while ignoring what bush actually DID to the
economy.

the only logical conclusion is that you hate obama because of his race


Why do say people hate the POTUS just because they disagree with his
physical policy? Then you throw in the nonsense that it's all because he is
black.

You need some help and not just a raise in pay.


D.Duck[_5_] May 10th 10 12:03 PM

economist blames wall street for collapse
 

"D.Duck" wrote in message
...

"bpuharic" wrote in message
...
On Mon, 10 May 2010 00:37:13 -0400, wrote:



you're stupid enough to think it's 2500%



When did I say that?

You said zero and I called you on it

no, you said massive inflation

i'm waitin for you to post your proof that the US is undergoing
massive inflation

2.5% is about normal inflation over the last 30 years or so for the
economy. obama is NOT causign massive inflation


The only reference I have made to massive inflation is when we can no
longer get our debt serviced. That might not be that far off.


you right wingers. you hate obama. why?

well...'might...could...perhaps...' you get hysterical about events
that havent happened while ignoring what bush actually DID to the
economy.

the only logical conclusion is that you hate obama because of his race


Why do say people hate the POTUS just because they disagree with his
physical policy? Then you throw in the nonsense that it's all because he
is black.

You need some help and not just a raise in pay.


Oooops...physical = fiscal


hk May 10th 10 12:09 PM

economist blames wall street for collapse
 
On 5/10/10 7:03 AM, D.Duck wrote:

"D.Duck" wrote in message
...

"bpuharic" wrote in message
...
On Mon, 10 May 2010 00:37:13 -0400, wrote:



you're stupid enough to think it's 2500%



When did I say that?

You said zero and I called you on it

no, you said massive inflation

i'm waitin for you to post your proof that the US is undergoing
massive inflation

2.5% is about normal inflation over the last 30 years or so for the
economy. obama is NOT causign massive inflation


The only reference I have made to massive inflation is when we can no
longer get our debt serviced. That might not be that far off.

you right wingers. you hate obama. why?

well...'might...could...perhaps...' you get hysterical about events
that havent happened while ignoring what bush actually DID to the
economy.

the only logical conclusion is that you hate obama because of his race


Why do say people hate the POTUS just because they disagree with his
physical policy? Then you throw in the nonsense that it's all because
he is black.

You need some help and not just a raise in pay.


Oooops...physical = fiscal



Doesn't matter...it's just another of your drive-bys.

--
The Tea Party's teabaggers are just the Republican base by another name.

hk May 10th 10 03:50 PM

economist blames wall street for collapse
 
On 5/10/10 10:44 AM, wrote:
On Mon, 10 May 2010 06:09:02 -0400,
wrote:

On 5/9/10 11:55 PM,
wrote:
On Sun, 09 May 2010 22:34:29 -0400,
wrote:

Machine gun? That's what I need to hold off the LoogyZombies...what
kind...and should I start the paperwork for a transfer?

10/22 Norrell conversion, virtually new in box. Maybe 300-400 rounds
fired through it. Ram loader and several hi-cap magazines of various
types.
I would really like $10k but the last time I looked they were more
like $9000-9500 on subgun.
Have your dealer call me ;-)


Uh...I was hoping for bigger and better... :)


The advantage of this one is mortal man can afford the ammo.
They are also pretty rare


Understood. But I've read in Combat Arms that if you are going to try to
take down rampaging loogyzombies, you need at least 9mm rounds in your
full auto machine pistol. :)

--
The Tea Party's teabaggers are just the Republican base by another name.

YukonBound May 10th 10 04:35 PM

economist blames wall street for collapse
 


"hk" wrote in message
m...
On 5/10/10 10:44 AM, wrote:
On Mon, 10 May 2010 06:09:02 -0400,
wrote:

On 5/9/10 11:55 PM,
wrote:
On Sun, 09 May 2010 22:34:29 -0400,
wrote:

Machine gun? That's what I need to hold off the LoogyZombies...what
kind...and should I start the paperwork for a transfer?

10/22 Norrell conversion, virtually new in box. Maybe 300-400 rounds
fired through it. Ram loader and several hi-cap magazines of various
types.
I would really like $10k but the last time I looked they were more
like $9000-9500 on subgun.
Have your dealer call me ;-)


Uh...I was hoping for bigger and better... :)


The advantage of this one is mortal man can afford the ammo.
They are also pretty rare


Understood. But I've read in Combat Arms that if you are going to try to
take down rampaging loogyzombies, you need at least 9mm rounds in your
full auto machine pistol. :)


Either that, or a feather pillow.


Loogypicker[_2_] May 10th 10 04:44 PM

economist blames wall street for collapse
 
On May 10, 10:44*am, wrote:
On Mon, 10 May 2010 06:09:02 -0400, hk
wrote:





On 5/9/10 11:55 PM, wrote:
On Sun, 09 May 2010 22:34:29 -0400,
wrote:


Machine gun? That's what I need to hold off the LoogyZombies...what
kind...and should I start the paperwork for a transfer?


10/22 Norrell conversion, virtually new in box. Maybe 300-400 rounds
fired through it. Ram loader and several hi-cap magazines of various
types.
I would really like $10k but the last time I looked they were more
like $9000-9500 on subgun.
Have your dealer call me *;-)


Uh...I was hoping for bigger and better... :)


The advantage of this one is mortal man can afford the ammo.
They are also pretty rare- Hide quoted text -

- Show quoted text -


Harry's so scared and worked up about my visit that he is just going
nuts! See below!

Loogypicker[_2_] May 10th 10 04:45 PM

economist blames wall street for collapse
 
On May 10, 11:35*am, "YukonBound" wrote:
"hk" wrote in message

m...





On 5/10/10 10:44 AM, wrote:
On Mon, 10 May 2010 06:09:02 -0400,
wrote:


On 5/9/10 11:55 PM, wrote:
On Sun, 09 May 2010 22:34:29 -0400,
wrote:


Machine gun? That's what I need to hold off the LoogyZombies...what
kind...and should I start the paperwork for a transfer?


10/22 Norrell conversion, virtually new in box. Maybe 300-400 rounds
fired through it. Ram loader and several hi-cap magazines of various
types.
I would really like $10k but the last time I looked they were more
like $9000-9500 on subgun.
Have your dealer call me *;-)


Uh...I was hoping for bigger and better... :)


The advantage of this one is mortal man can afford the ammo.
They are also pretty rare


Understood. But I've read in Combat Arms that if you are going to try to
take down rampaging loogyzombies, you need at least 9mm rounds in your
full auto machine pistol. *:)


Either that, or a feather pillow.- Hide quoted text -

- Show quoted text -


Feather pillow for what? Something for your wino son to pass out on?

Tim May 10th 10 05:39 PM

economist blames wall street for collapse
 
On May 10, 10:09*am, wrote:
On Mon, 10 May 2010 06:07:11 -0400, hk
wrote:





On 5/9/10 11:01 PM, wrote:
On Sun, 09 May 2010 21:03:39 -0400,
wrote:


I have no need to pinch pennies.


Explain that to BP
You must be a right wing, middle class hating, wall street loving
limbaugh listening, tea bagger in disguise * *;-)


BTW Did you get a raise in the last 10 years?


I'm self-employed, so the rules of "raise" don't apply. I know what BP
means, though, and he's correct. Middle class families have fallen
behind generally on increases in income. That's been demonstrated
statistically any number of ways.


I believe the statistics just reflect that the "good" jobs are going
away and people are settling for lesser jobs. Those days of making
$60,000 for a menial manufacturing job are gone. Globalization killed
that. There are still good jobs out there but you need to have more
skill than just putting a bearing in the case and hitting it with a
hammer.


I dunno, Greg, I've done that for thirty years and it's bee pretty
good to me.

My only question for these people is, what is your plan when they lay
you off? Don't count on the government to bail you out. That is only
for billionaire bankers. Regular people are not too big to fail in the
eyes of the government.- Hide quoted text -

- Show quoted text -


And that's why I do what I do, because I was tired of being laid off.
There in the mid/late 70's I ahd some good paying blue-collar jobs but
lay-offs were cronic. I had lots of bills to pay via a divorce so I
made my own work. I'm not 'rich' by any means, but I haven't been
laid off since. And the pay ain't too shabby either.

Tim May 10th 10 05:42 PM

economist blames wall street for collapse
 
On May 10, 11:39*am, Tim wrote:
On May 10, 10:09*am, wrote:





On Mon, 10 May 2010 06:07:11 -0400, hk
wrote:


On 5/9/10 11:01 PM, wrote:
On Sun, 09 May 2010 21:03:39 -0400,
wrote:


I have no need to pinch pennies.


Explain that to BP
You must be a right wing, middle class hating, wall street loving
limbaugh listening, tea bagger in disguise * *;-)


BTW Did you get a raise in the last 10 years?


I'm self-employed, so the rules of "raise" don't apply. I know what BP
means, though, and he's correct. Middle class families have fallen
behind generally on increases in income. That's been demonstrated
statistically any number of ways.


I believe the statistics just reflect that the "good" jobs are going
away and people are settling for lesser jobs. Those days of making
$60,000 for a menial manufacturing job are gone. Globalization killed
that. There are still good jobs out there but you need to have more
skill than just putting a bearing in the case and hitting it with a
hammer.


I dunno, Greg, I've done that for thirty years and it's bee pretty
good to me.

My only question for these people is, what is your plan when they lay
you off? Don't count on the government to bail you out. That is only
for billionaire bankers. Regular people are not too big to fail in the
eyes of the government.- Hide quoted text -


- Show quoted text -


And that's why I do what I do, *because I was tired of being laid off.
There in the mid/late 70's I ahd some good paying blue-collar jobs but
lay-offs were cronic. I had lots of bills to pay via a divorce so I
made my own work. I'm not 'rich' by any means, *but I haven't been
laid off since. And the pay ain't too shabby either.- Hide quoted text -

- Show quoted text -


Another thing I've found out, is that it seems I'm to busy to rant
about how bad things seem to be.

hk May 10th 10 06:04 PM

economist blames wall street for collapse
 
On 5/10/10 11:35 AM, YukonBound wrote:


"hk" wrote in message
m...
On 5/10/10 10:44 AM, wrote:
On Mon, 10 May 2010 06:09:02 -0400,
wrote:

On 5/9/10 11:55 PM,
wrote:
On Sun, 09 May 2010 22:34:29 -0400,
wrote:

Machine gun? That's what I need to hold off the LoogyZombies...what
kind...and should I start the paperwork for a transfer?

10/22 Norrell conversion, virtually new in box. Maybe 300-400 rounds
fired through it. Ram loader and several hi-cap magazines of various
types.
I would really like $10k but the last time I looked they were more
like $9000-9500 on subgun.
Have your dealer call me ;-)


Uh...I was hoping for bigger and better... :)

The advantage of this one is mortal man can afford the ammo.
They are also pretty rare


Understood. But I've read in Combat Arms that if you are going to try
to take down rampaging loogyzombies, you need at least 9mm rounds in
your full auto machine pistol. :)


Either that, or a feather pillow.



Gosh, and we only have the non-allergenic ones...no feathers.



--
The Tea Party's teabaggers are just the Republican base by another name.

hk May 10th 10 06:14 PM

economist blames wall street for collapse
 
On 5/10/10 11:58 AM, wrote:
On Mon, 10 May 2010 10:50:29 -0400,
wrote:

On 5/10/10 10:44 AM,
wrote:
On Mon, 10 May 2010 06:09:02 -0400,
wrote:

On 5/9/10 11:55 PM,
wrote:
On Sun, 09 May 2010 22:34:29 -0400,
wrote:

Machine gun? That's what I need to hold off the LoogyZombies...what
kind...and should I start the paperwork for a transfer?

10/22 Norrell conversion, virtually new in box. Maybe 300-400 rounds
fired through it. Ram loader and several hi-cap magazines of various
types.
I would really like $10k but the last time I looked they were more
like $9000-9500 on subgun.
Have your dealer call me ;-)


Uh...I was hoping for bigger and better... :)

The advantage of this one is mortal man can afford the ammo.
They are also pretty rare


Understood. But I've read in Combat Arms that if you are going to try to
take down rampaging loogyzombies, you need at least 9mm rounds in your
full auto machine pistol. :)


M1A, get the *******s 500 yards out. ;-)
In close quarters it is hard to beat a shotgun



Only with silver shot.

I'm sure 500 yards is way past my capabilities with firearms. I don't
have anywhere to even try shooting that distance, and I don't own a
rifle that would be suitable. 25 yards, 50 yards, 100 yards at a local
range, and just about 200 yards out on the river property are the ranges
I can handle, and the 200 only with a friend's rifle, since the only
rifle I have is a .22LR TCA. At 100 yards, though, I could put a round
between the eyebrows of a charging loogyzombie...it's within my M.O.A.
capabilities.

--
The Tea Party's teabaggers are just the Republican base by another name.

hk May 10th 10 06:17 PM

economist blames wall street for collapse
 
On 5/10/10 11:44 AM, Loogypicker wrote:
On May 10, 10:44 am, wrote:
On Mon, 10 May 2010 06:09:02 -0400,
wrote:





On 5/9/10 11:55 PM, wrote:
On Sun, 09 May 2010 22:34:29 -0400,
wrote:


Machine gun? That's what I need to hold off the LoogyZombies...what
kind...and should I start the paperwork for a transfer?


10/22 Norrell conversion, virtually new in box. Maybe 300-400 rounds
fired through it. Ram loader and several hi-cap magazines of various
types.
I would really like $10k but the last time I looked they were more
like $9000-9500 on subgun.
Have your dealer call me ;-)


Uh...I was hoping for bigger and better... :)


The advantage of this one is mortal man can afford the ammo.
They are also pretty rare- Hide quoted text -

- Show quoted text -


Harry's so scared and worked up about my visit that he is just going
nuts! See below!



Actually, I hunted through the garage this past weekend for a dropcloth.

--
The Tea Party's teabaggers are just the Republican base by another name.


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