Drudge Retort: Red Meat for Yellow Dogs
Friday, September 19, 2008

Overnight, some of the biggest names on Wall Street -- Bear Stearns, Lehman Brothers, Merrill Lynch -- have disappeared into thin air. Goldman Sachs and Morgan Stanley are the only giants left standing and Morgan's reportedly looking at buyouts. "Nothing will be like it was before," said broker James Allroy. "The world as we know it is going down."

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welcome to the world the left has always desired.

I thought Fundies wanted the world to end.

"Welcome to the world the left has always desired...."

You don't know how strange it is to hear McCain and Palin shout "Regulation!" over and over.

I think the Iraq War is coming to an end even before 2011. Just a hunch. Oh, yeah---We won.

Well if Bushit cancels a trip, you know it is serious.

Like when he came back from vacation to sign the Terri Schiavo bill.

Important.


welcome to the world the left has always desired.

#1 | Posted by nanc



hahahahahahaha, no we just point out facts to the likes of you, you get all contrarian on us and vote against your own best interests.

there is a difference between reporting something and wishing for something.

this is the world republicans wanted, cause they are the one's that brought it to us.

Yes, one has to look at all these posting republican and reflect upon who these posters really seemed to be.

No one would really by so convolutedly hypocritical so it would suggest that these posters are really DR posters posing as republican righties to capture more posters.

This is getting so poor that actual poster coming to the sight who are republicans are confused and feel the sight is worthless.

So much for actual cross debate of ideals.

"No one would really by so convolutedly hypocritical ..."

Are you sure of that?


welcome to the world the left has always desired.

#1 | Posted by nanc at 2008


and just imagine if the wuropean socialist is elected with a dem congress.
think of the government being in the health care business? and every other aspect of your life.

I listened to ron paul last night on glenn beck
anyone else see that?
he has a smile on his face and I dont mean that in a bad way but he said there are plenty of people in dc coming to him and telling him that he might have been right all along on many of these finaincial issues
question for the thread?
was he? and will he get a "BUMP" from all of this?

Sounds plausible.

Bushlover2, Obama is more likely to put Ron Paul in his cabinet than is Thumper.

BL2 - he may get a bump but it won't be enough for him.

Nanc - I can't fathom a world where anyone right/left/center wishes for and thinks what is happening now is good. Shocked you would even think so.

This also seems to show that you always need some rules and regulations or people will exploit things to their benefit.

BTW, Glen Beck is an asshole.



welcome to the world the left has always desired.

#1 | Posted by nanc


lol

Tell me, nanc, is ignorance really bliss?

welcome to the world the left has always desired.

#1 | Posted by nanc

Bush,, Mcsame and Dr. Phil are all libs?
Who knew?

Nanc-what's happening is exactly what you voted for-suck it up and admit, like McSame just did, that Republicans are economic idiots.

this is the world republicans wanted, cause they are the one's that brought it to us.

#5 | Posted by truthhurts

I doubt that any right minded person wants to see things like that happen. That is the world of the crooks and theives.

The world of brokers like numbskull Allroy and other so-called "financial experts" is going down the same way as the "financial experts" who created the "tulip bubble" of the 1700's. Maybe those brokers who lose their jobs can get jobs selling the huge stock of government house repo's at garage sale prices.

Tear it all down and groove on the rubble, baby!!

"welcome to the world the left has always desired."

Sorry but you're the only one in that world. The rest of us lack the requisite brain damage so we're stuck with reality.

Tell your unicorn I said "Hi" thought.....

The end of the world as we know it?

Gosh, I guess it really is TIME FOR A CHANGE!


BTW, Glen Beck is an asshole.

#12 | Posted by Dumb_as_Rocks at


your bigoted and biased and poorly researched opinion has absolutely NOTHING to do with the subject being discussed and only lowers the debate a little lower

thanks for that


and oh yeah.......he attacked the bush administration along with dem congress AT EVERY MENTION OF THE SITUATION

This also seems to show that you always need some rules and regulations or people will exploit things to their benefit.

#11 | Posted by mdloftroad


and as I said yesterday and MCCAIN OUTLINED this morning

we arent oppossed to more regs in the face of this stuff.........but even an economist from harvard I was reading about said
we cannot OVER REGULATE In all of this........

www.msnbc.msn.com

Paulson: Rescue to cost hundreds of billions'
Treasury Secretary says handling banks' bad assets costly, but needed


at what point does the borrowing for all of this become prohibitive?

Nancy outdoes herself with "welcome to the world the left has always desired." In reality, the economic chaos of 2008 is the direct result of Republ greed, unchecked corporate felonies perpetrated against American investors as the old Yale cheerleader in the White House goes rah-rah. Bush surely seeks to finish destroying the economy before he leaves office, but if he doesn't, McSame and the Alaska Airhead will do that task for him. herm

...what administration allowed these investment institutions into the lending business.....Herm, what' the answer? Come on, HERM tell us.

"what administration allowed these investment institutions into the lending business"?

Which party encouraged and abetted the corruption, Rider? herm

This is the greatest buying opportunity for stocks and houses in the last 100 years.

When you are basicly incompetent you even screw up on the timing of the economic melt down you planned to leave in the lap of the new Democratic President.
Now they will scramble and try to prop us the stack of cards but it looks like they will not succeed.
The blame will fall on Bush and nothing he can do, nothing that his idiotic supporters say now will ever erase that. I doubt we will have another Republican President for many years, America doesn't yet know how much these people have taken from us. Do any of you now not understand why Haliburton's home office is now Dubai?
That land in Paraguay Bush bought as his home in exile sort of fits into the scenario a little better now.
No one should be talking about any prosecutions now, but we should all be thinking about the revenge which will be taken on the architects of this disaster after Obama is safely inaugurated.

Yes, one has to look at all these posting republican and reflect upon who these posters really seemed to be.


No one would really by so convolutedly hypocritical so it would suggest that these posters are really DR posters posing as republican righties to capture more posters.


This is getting so poor that actual poster coming to the sight who are republicans are confused and feel the sight is worthless.


So much for actual cross debate of ideals.

#6 | Posted by moneywar

I enjoy reading your posts. Keep up the good work.

Moneywar must suck jet-fumes before each post.

The ideology of unrestrained FREE MARKETS is dead. Dead! Dead! Dead!

The next ideology that needs to get buried is unrestrained FREE TRADE.

"This is the greatest buying opportunity for stocks and houses in the last 100 years."

And a couple of years ago when I predicted the housing bubble bursting and the buying up of those homes by the wealthy the righties here said I was smoking crack. Now that it is happening right in front of us I don't see any of their apologies or even the slightest acknowledgement that they were 100% wrong and that I did accurately predict exactly what was going to happen. I think that is because most are dishonest at heart.


"what administration allowed these investment institutions into the lending business"?


Which party encouraged and abetted the corruption, Rider? herm

#25 | Posted by herm at 2008-09-19 12:15 PM | Reply | Flag:

Well, we know what you're answer would be to the question you just asked Herm....and the answer to your question would be a subjective answer...subjective if you answered, subjective if I answered, subjective no matter who answered it. However, the question you did NOT ANSWER is an objective answer. Is that why you failed to answer it! HMMM HERM.

The same poster who often brings up that unhappy tid bit of American history thinks incarcerating people at Guantanamo or even renditioning them to other countries without charges, trials, or any evidence whatever....and is unable to see how hypocritical that makes him look.


#53 | Posted by danni at 2008-09-19 11:16 AM | Reply | Flag:


That comment goes to the core of your blind hate of Bush (and other things you are blind to). Personally I don't agree with Guantanamo (and have never said I did). I also don't agree with the incarceration of Japanese AMERICAN citizens. Which in the number of people and the fact that most were AMERICAN CITIZENS makes it worse than and a much bigger precedent than Guantanamo. I supported Ron Paul, who unequivically would have removed our troops from Iraq, who would not support our current approach to Iran, who would never have supported and who railed against the "Patriot" Act. Who wouldn't compromise his wisdom and fairness and wouldn't be bailing out corportations with corportate welfare. While you support and stand up for the mainstream of a particular party and the policies that don't carry a major difference in reality (less a few nuances). The mainstream that the MSM brings your way. You blindly think that the power brokers and the chosen MSM candidate will be a lot different than what you despise. So tell me....who is the most hypocritical one? Hmmmm.

WELL DANNI, YOU MADE THE HYPOCRITE ACCUSATION, SO DO YOU CARE TO ANSWER!

Dear Germany, the rumors of our (Americans) deaths are greatly exaggerated. We have had economic problems before and we'll have them again. Life will go on for most of us except maybe for the chai-latte sipping doom-sayers who will be compelled to give up their 6 dollar cups of tea and will then commit suicide en-masse thereby doing the rest of the USA and the world a huge favor. I tell these yuppies to strap on a set of balls and start doing some real work, like developing our manufacturing base.

The only real economic problems this country faces comes from the selfish few who sell out their employees for a quick buck by sending their manufacturing to China and other cheap labor locals. And also by those politicians who enable them to do so. Then these same individuals start crying about how "The world as we know it is ending." They can no longer ride American workers out of jobs for their quick millions because they have effectively reduced us to a complete consumer economy and so they need to cry.

To all of you who think our problems are because of sub-prime lending and bad debts, I disagree. These issues are symptoms of the illness, and not the illness. Pumping billions of dollars into these failing institutions is like trying to cure the illness by treating the symptoms, it is ineffective. To cure an illness, a proper diagnosis is required.

To all Americans, I say, stop looking of the cheapest piece of shit widget at wal-mart. This next bit is critical: elect politicians who will level the trade playing field. Let is stop crying, roll up our collective sleeves, and get to work being producers as well as consumers.

Further, admit that we are going to have to pay for the freaking wars in Iraq and Afghanistan eventually and that sooner is better than later. So be prepared to sacrifice. It doesn't matter whether you agree with the war in Iraq or not (and I do not, and never have), the fact is that the war is a reality and needs to be paid for; we can't afford to have China or any other county hold this leverage over us.

To those of you who claim to be of the Democratic or Republican parties, I say the partying is over. Let's get to work; together. Forget party allegiances, elect politicians whose policies will support American workers while supporting those companies who have had the will to continue to produce American products. Historically (and generally), the Democratic Party supported workers while the Republican Party supported businesses. This is silliness in that the two are NOT mutually exclusive, but rather co-dependant. The life (or continued existence) of the one is dependant upon the life of the other.

welcome to the world the left has always desired.

#1 | Posted by nanc at 2008-09-18 11:51 PM | Reply | Flag

Really? You partisan assf@ck.

Nobody wins with the current financial meltdown.

Your correct statement should be, welcome to the world the Republicans created.

"This is the greatest buying opportunity for stocks and houses in the last 100 years."

Mister Herbert Hoover, the old song goes, said now's the time to buy, so let's have another cup of coffee, let's have another piece of piece.

I hope Thommy takes his own advice. I hate to say so, but I'd really loooove to see ol' Thommy in the poor house. Or have Thommy's people abolished poorhouses? herm

chaos and despair sounds wonderful.

Ahh, such a sense of optimism from the left. Its so refreshing to see the leftwing chicken littles running around singing the sky is falling the sky is falling.

If you don't want your wheels to fall off, it's righty tighty lefty loosey .

Sillybull says "duh"

Which party encouraged and abetted the corruption, Rider? herm


#25 | Posted by herm at 2008-09-19 12:15 PM | Reply | Flag:


Well, we know what you're answer would be to the question you just asked Herm....and the answer to your question would be a subjective answer...subjective if you answered, subjective if I answered, subjective no matter who answered it. However, the question you did NOT ANSWER is an objective answer. Is that why you failed to answer it! HMMM HERM.

QUESTION REMAINS for ya' HERM.

RIDE ON, I will give you one, I did forget that youa are a Paul supporter not a Bush supporter.
How's that?

Ahh, such a sense of optimism from the left. Its so refreshing to see the leftwing chicken littles running around singing the sky is falling the sky is falling.



are you aware that the feds are bailing out wall street to the tune of trillions of dollars?

nah your not aware of anything apparently.


RIDE ON, I will give you one, I did forget that youa are a Paul supporter not a Bush supporter.
How's that?

#41 | Posted by danni at 2008-09-19 12:56 PM | Reply | Flag:

....and NOT a hypocrite...correct? Danni, you do notice I never put you on my top five DR's dumbest list dontcha'?

"Historically (and generally), the Democratic Party supported workers while the Republican Party supported businesses. This is silliness in that the two are NOT mutually exclusive, but rather co-dependant. The life (or continued existence) of the one is dependant upon the life of the other."

This is the crux of the matter; the Republican-led business community sees labor as just one more pawn in their game.

While I don't think it's actually going to happen, now or ever, I'd like to see companies' stock prices indexed to their responsibility, not their profits and nothing else. Companies are allowed to play an awful lot of shell games to come up with the "profitability" that Wall Street demands. If you lay off 5,000 workers or send their jobs overseas or close a factory that's been a community's lifeblood for a century, you're allowed to add the savings to your bottom line, even though you have produced nothing that benefits anyone except shareholders and CEO's.

We can prop up Wall Street one more time, but the current bailouts aren't going to do anything to restore this country's economy to anything like a state of health without some laws and breaks designed to keep manufacturing and jobs on our shores, and some others designed to restore sanity to our money markets. Right now, Wall Streeters are behaving like the biggest goddamn monstrous bunch of spoiled brats you ever saw. Company not making enough money to suit Wall Street? Close factories, slash jobs, outsource to China or India. Money too expensive? Demand - and get - a rate cut from the all-too-obliging Fed. Anything real - real productivity, real sustainability, real responsibility - gets thrown out the window to make that all-important phantom "profit" so that Wall Street is happy.

I'd love to see some company create a new index that tracks the actual health of companies over time, not just this quarter's profits. Does the company have factories here in America? Do they pay a living wage? Is their product line selling reliably well over time? Is their growth curve a sustainable one? Have they engaged in any offshore dodges to avoid U.S. taxes? What is the ratio of CEO pay to that of average workers? Are they actively engaged in assuring worker safety? Do they offer a health care plan and retirement savings help? A company paying attention to all these factors helps the overall economy, not just that company's stock price.

These are things that should generate a "buy" rating, if you ask me, but then I always did have a tendency towards Utopian thought.

The best solution to the current financial crisis is for the government to start confiscating assets from wealthy private citizens. This strategy worked fine in South America where Hugo Chavez and others have restored a sense of balance. The enormous disparity between the rich and poor can be solved by a comprehensive redistribution practice and now seems to be the ideal time to implement it. The first step would be to confiscate financial assets, such as stocks, bonds, 401k and cash accounts and then redistribute them to the poor. The next step, which would be much more time consuming, would be to distribute real estate and major assets like factories.

The world isn't going down at all. The fed is just buying eveyone out and dispensing with the middle man is all. Same bullshit power scam without the pretention that we live in a non-socialist society.

Ron Paul would have been better than every candidate choice we have at this moment.
Ross Perot would have been another good choice, which is why neither one of them are in the spotlight.

Wall Street seems like a giant pyramid scheme (no pun intended).

"Shady" deals, insider trading, book cooking, and overall white collar theivery on a grand scale, as the ignorant/passive working-class go further into financial slavery bailing out the criminals!

Ahhh, don't worry, they'll increase YOUR taxes to pay for it.

This is what happens when you have a fiat currency.

Americans are paying interest on a fiat currency.

Ron Paul is correct. Ron Paul is correct.

Oh well, go watch a sporting event or something.

Bread and circuses for the idiots, as Rome falls.

here i thought the headline was related to the hadron collider..

www.shacknews.com

is that dude gordon freidman?

I for one am happy the sh!thouse is going up in flames. The corruption of the past century of banking cancer in our govt will crumble and smolder, the only hope is that ethical market practices and govt regulation may arise from the wreckage.

Ron Paul was right, but only people with vision and intelligence vigorously promoted his candidacy.

The ironic thing is that the largest socialization of free markets in American history derived from Marx Communist Manifesto is occurring under the watch of Bushco. Are we surprised? Remember Arbusto? Well now the wallst crowd is on their knees begging for govt control of the pillars of free market capitalism. So much for the Republican Party, looks like the Dems will now have there time.

Hegelian Dialect

"The best solution to the current financial crisis is for the government to start confiscating assets from wealthy private citizens. This strategy worked fine in South America where Hugo Chavez and others have restored a sense of balance. The enormous disparity between the rich and poor can be solved by a comprehensive redistribution practice and now seems to be the ideal time to implement it. The first step would be to confiscate financial assets, such as stocks, bonds, 401k and cash accounts and then redistribute them to the poor. The next step, which would be much more time consuming, would be to distribute real estate and major assets like factories."

-#45 | POSTED BY KNOWSTOOMUCH

Umm, no.

"....and NOT a hypocrite...correct?"

Correct.

Bush's Daddy wanted a "one world government" and it was he who coined the term "New World Order" -- meaning a one world government, one world army, one monetary demonimation, only one lower class of third world workers doing all the work with the uberrich controlling it all. Does anyone besides me see our financial collapse heading us in that direction? And is it intentional?

KNOWSTOOMUCH that is a recipe for a civil war. I don't think any sane person wants that.

I laugh when the far right call Obama a communist while we watch Bush and the Republicans nationalize all our institutions, privatize all the wealth and socialize all the debt. Which party and its leader are the real communists here? Which party seems out to destroy our nation as we once knew it and now undermining it's very foundation by putting us into the worse economic condition since the Depression. Actually, in even a worse economic condition.

Bush's "New World Order" -- today's euphamism for a one world government -- is happening before our very eyes.

Mad Money Guy Cramer said on Morning Joe the other day: "We are all communists now!"

REPUGNANT

The ironic thing is that the largest socialization of free markets in American history derived from Marx Communist Manifesto is occurring under the watch of Bushco. Are we surprised?

I think you've nailed it.

Think about it -- the biggest communist nation in the world is COMMUNIST China.

Bush had indebted us to Communist China in every way possible. China loans us the money for Bush's illegal war in Iraq (the one he started based on lies), Bush changed the rules and now more than 3 million of our jobs have gone to China and we now have a deficiet of more than $700 billion while China is making billions every day, and Communist China is being allowed to buy up more and more of U.S. assets and instititutions -- on and on it goes all in favor of COMMUNIST China.

We have our own Manchurian candidate working for the Communists and he is now sitting in the Oval Office.

Has any President in U.S. history ever done so much to enrich any communist nation, when by enriching China Bush has helped China equip and enlarge their military, lets China buy up our country piece by piece, and last but not least, after more than 4200 dead U.S. military in Iraq, Bush has sat back while China makes a deal for the oil in Iraq.

Again, which government is Bush really working for?

Sounds like the COMMUNIST Chinese government owns Bush.

deficiet = deficit

the clinton and his leftwing commie buds' legacy, finally detroyed capitalism. now we know where the trillions of dollars surplus clinton talked about really went.

There had to have been laws broken, a major crime committed against the American people.

Welcome to bubba clinton's banana republic!

I had no idea Clinton was so omnipresent and generally godlike.


KNOWSTOOMUCH that is a recipe for a civil war. I don't think any sane person wants that.

#53 | Posted by danni at 2008-09-19 03:04 PM | Reply

It's not a recipe for a civil war. It's a recipe for a revolution. While the super-rich will be unhappy that their toys have been confiscated, the masses will enjoy the benefits of having been lifted from abject poverty. And I'm not advocating confiscating 100% of people's possessions-- merely confiscating a percentage to allow the government to pay off the debt currently being incurred. (Taking 90% of Bill Gates' wealth would still rank him as super-rich, by the way.) The wealthy avoid paying taxes through trust funds, 401ks, and tax-free savings bonds. The confiscation of these assets is nothing more than the government claiming the money that it is fairly owed.

The only constant is change - how many here are old enough to remember E.F. Hutton & Co.? Shit happens, things change, and life goes on. When everything settles over the next year or so, some will be about where they were, some richer and some poorer - That's Life (as Old Blue Eyes sang).

Wrong. The change is cosmetic. The names have changed, the people in power have not.

Guns sometimes fix things the government can't--


...like the government.

Artist David Duke says it all with his latest artwork here:>)

www.rense.com

welcome to the world the left has always desired.

#1 | Posted by nanc

I recall historically that 'The Left' were the ones that put practically every safeguard INTO our financial system after the Great Depression.

"The Right" has been trying - and succeeding - to dismantle any of them they can for decades. With the help of John McCain's 'I'm for deregulation' we're in a hell of a mess now, eh?

welcome to the world the left has always desired.

Brought to you by the Grand Old Party.

Screwing the working man since 1854.

welcome to the world the left has always desired.

#1 | Posted by nanc

In context..
Probably the DUMBEST thing EVER uttered by a Human Being.

I always find it entertaining how much everyone here acts like each party is only made up of their extremes. Most people are closer to the center than either extreme. It just seems the extremists yell the loudest.

The far left feels all businessmen are dishonest crooks and can't be trusted to do anything. The far right feels government is one of the most inefficient creations of man that at best promotes mediocrity.

Neither extreme (pure unadulterated capitalism or communism) have historically worked well. So the real argument comes down to how much regulation do we need? We want enough to stop fraud and theft, but not so much as to kill the American spirit of ingenuity.

In this case, we obviously did not have enough regulation. Hopefully, our leaders will learn from their mistakes (but I wouldn't bet too much on it).


welcome to the world the left has always desired.

#1 | Posted by nanc at 2008-09-18 11:51 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
e

How about 8 years of "W" and his corruptive constituients???

Thanks to 8 years of a Repub President, and what, another 6 years they had control of the House and Senate... And this shit is Harry and Nancy's fault????

Nanc, lay off the hash pipe.... or are you just stupid??

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