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Just couldn't resist - about being brain dead...
"hk" wrote in message . .. Calif Bill wrote: "HK" wrote in message ... Calif Bill wrote: "John" wrote in message ... "John H." wrote in message ... Oh yes the conservatives do such a better job with the economy and the national Debt.... Greenspan: Dark Days Ahead for the Global Economy Those hoping for better news about the state of the U.S. economy-not to mention the bigger picture-aren't going to hear it from former Fed chair Alan Greenspan anytime soon, judging by his ominous forecast released Monday. "The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War," Greenspan said in a Financial Times commentary. "It will end eventually when home prices stabilise and with them the value of equity in homes supporting troubled mortgage securities," he said, referring to the meltdown in the US subprime home loan market and subsequent massive losses for the banks holding the debt instruments. "The crisis will leave many casualties," he said, his remarks coming after Bear Stearns, the fifth largest US investment house collapsed Friday and was taken over by JPMorgan Chase for a fraction of its value of only a week ago. Read more http://www.france24.com/en/20080317-...&navi=ECONOMIE Our printing presses for money are working overtime and there is nothing to back up our dollar. We are going to see the closest thing to a depression since the 30's. Inflation will grind us to pulp. Bush, the progenitor of this abomination will skate free and leave devastation in his wake. There is no reckoning. No accountability. Pity. Pity you are clueless. Maybe you should have paid attention in Civics class. The problem with Bush is no veto pen. But it is Congress who passes ALL spending bills. And they went to court years ago to get a ruling that the money HAS TO BE SPENT if they pass a spending bill. Plus they have "Base Line Budgeting" with a built in 13% spending increase yearly. And it is both sides of the aisle that have been munching at the feed trough. Been a Dem controlled Congress for the last year. Spending decreased? A pox on both parties. How the hell we can be electing anybody from Congress as POTUS is ludicrous. Gee, who was your choice for POTUS, Bill? None of the three there now. Oh... I'm guessing...Fred Thompson. You guess wrong again. |
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