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2008-12-02 Home Front Economy

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Posted by ed 2008-12-02 07:17|| || Front Page|| [11131 views ] Top

#1 Um....Do we HAVE $8.5 Trillion?

Posted by bigjim-ky 2008-12-02 09:07|| 2008-12-02 09:07|| Front Page Top

#2 And couldn't we have bought EVERY questionable mortgage in the country for considerably LESS than that?

Posted by bigjim-ky 2008-12-02 09:09|| 2008-12-02 09:09|| Front Page Top

#3 Our treasury is so empty, it has become a black hole.

Added taxes and spending that Obama is wanting will tip the rescission into a depression.

Posted by DarthVader 2008-12-02 09:47|| 2008-12-02 09:47|| Front Page Top

#4 Y'all should have took me up on the $2trl bet; I thought I bid ludicrously high but hey now wasn't even a quarter.

Posted by swksvolFF 2008-12-02 10:27|| 2008-12-02 10:27|| Front Page Top

#5 The rate of bailout growth is worrying. Last week the total disbursed funds was a bit over $2T. The burn increased by nearly a trillion in only 1 week. Won't even make it to Christmas at this rate.

Posted by ed 2008-12-02 10:31|| 2008-12-02 10:31|| Front Page Top

#6 Holy moly! The U.S. GDP is only a little over $13 trillion. Where's this whole thing going to end?

Posted by JohnQC 2008-12-02 12:17|| 2008-12-02 12:17|| Front Page Top

#7 It will end when the currency collapses, when nobody, even the Chicoms will have any faith in our currency. Then the road splits into a number of forks. The people will have had enough and throw the criminals out. A dictator takes power, a military coup happens, or the US becomes a bunch of provincial enclaves. Or we become Zimbob on the installment plan. We are throwing good money that we do not have into a financial black hole, which can never be filled.

There is no oversight and accountability. You want energy independence? Where are you going to get the money? A gas pipeline from Alaska to Alberta will cost $20 to 40 billion? What banks can raise that kind of capital? It would take a consortium of banks to do it. I do not see anybody stepping up to the plate. Who is going to buy Treasury bonds?

A free press, which is necessary for a democratic form of government to flourish, cannot even ask questions. They have failed in their duty.

This whole thing is like a disease that must run its course. I hope that the nation survives it.

Posted by Alaska Paul 2008-12-02 12:50|| 2008-12-02 12:50|| Front Page Top

#8 I don't know, provincial enclaves sounds ok to me.
The 'Red State Block' would be a nice place to live.

Posted by bigjim-ky 2008-12-02 13:04|| 2008-12-02 13:04|| Front Page Top

#9 Ressurect "Dixie".
(Minus the slavery and race problems)
I love Gracious living, Y'all.

Posted by Redneck Jim 2008-12-02 13:31|| 2008-12-02 13:31|| Front Page Top

#10 Provincial enclaves? I might have to move to Texas.

Posted by Ebbang Uluque6305 2008-12-02 14:06|| 2008-12-02 14:06|| Front Page Top

#11 A dictator takes power.....US becomes a bunch of provincial enclaves. Posted by: Alaska Paul 2008-12-02 12:50

His Royal Hieness Obama? California, Oregon, Washington State, Veermont? That's two down. Next....

Posted by Jineth Pelosi8836 2008-12-02 14:24|| 2008-12-02 14:24|| Front Page Top

#12 The United Coasts and the Republic of Flyover continued their war over the state of Utah, and it's strategic stockpile of photocopiers.

Posted by Bright Pebbles 2008-12-02 15:41|| 2008-12-02 15:41|| Front Page Top

#13 Poorly run and greedy companies deserve to go belly up. Money should be committed to deposit insurance funds, and that is it. In any case, loans appear as assets on the balance sheets of financial institutions. Non-performing assets still have value. If we stand clear, these would have to be sold for peanuts.

Japan's 12 year economic crisis has been prolonged by the insistence that everything be paid back, and not be written off as a worthless asset. Our recession will never end if we save companies that don't deserve to exist.

Posted by Albemarle Glavising7413 2008-12-02 16:27|| 2008-12-02 16:27|| Front Page Top

#14 Everything was right except this.

> Our recession will never end if we save companies that don't deserve to exist.

Nope, it's worse, a recession will turn into a depression if you do this.

Posted by Bright Pebbles 2008-12-02 16:50|| 2008-12-02 16:50|| Front Page Top

#15 I never thought we'd see anything like the market interventions we've seen under a Republican president. Let's face it - Bush isn't just a big government Republican like Nixon - he's the second coming of FDR, squared. After Bush's insane market interventions, anything under Obama is going to look like business as usual.

Posted by Zhang Fei 2008-12-02 22:56|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2008-12-02 22:56|| Front Page Top

#16 Yeah...we're suppose to eat cake.

Posted by 3dc 2008-12-02 23:01|| 2008-12-02 23:01|| Front Page Top

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