Cool News
60 MINUTES Ends Its 40th Season Tonight With Two Of America’s 100 Senators: Barack Obama & John McCain!!
I am – Hercules!!
On Sept. 24, 1968, “60 Minutes” launched its first episode with interviews of presidential candidates Richard Nixon and Hubert Humphrey.
It aired on a Tuesday at 10 p.m., right after "The Red Skelton Hour" and "The Doris Day Show."
It aired opposite ABC's "musical sitcom" "That's Life," starring Robert Morse (who now plays Bert Cooper on "Mad Men").
The series ends its 40th season tonight with an episode devoted to interviews with presidential candidates Barack Obama and John McCain.
They will tell Steve Kroft and Scott Pelley that the United States is in a recession.
It’s also the first episode of the series broadcast in HD!
7 p.m. Sunday. CBS.
Clark Kent: The Early Years!!
Make certain your first child
is a masculine child!!
SHIPPING NOW!!
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+ Expand All
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go 60 minutes. woot.
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Bout time!
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Does anyone watch this crappy program anymore?
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I like politics.
I like aicn.
I do not like when they mix.
Don;t get me wrong, more people should be involved and educated in their nation's government, but discussing talking points on a movie rumor website is only an invitation for trolls to start flame wars. Flame wars in which each person thinks they're right and they 'won' the argument.
You guys don't need to post 'news' like this, it not seems like you're trying to get more hits, like the other, 1000 post plus, politically charged talk backs.
For shame :( -
Couldn't agree with you more, hatemphd. Ever wonder why Harry keeps posting more and more political stuff on this site? Simple, political threads get 10 times more posts than anything else gets on here. Harry makes some political remark, someone responds, next thing you know the war is on. AICN posters go back and forth for hours, meanwhile Harry laughs as the pageviews go thru the roof. It's smart. Plus it covers up the fact that this site barely gets any real movie scoops anymore. If everyone would stop taking the bait, maybe the quality of this site would improve.
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http://tinyurl.com/6nago2If you have'nt made up your minds who to support, you might NOW!
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Or even know what HD is?
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which group is better and should there be a cat-fight? DISCUSS!
(see i can post a pointless topic too. is my check in the mail?)
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Sep 21, 2008 8:15:50 AM CDT
Politics on AICN follow the tradition of the Lincoln-Douglas deb
by jackiejokeman
Politics on AICN follow the tradition of the Lincoln-Douglas debates. In that arguments are often ended with one or both debaters declaring the other has been "pwned".
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Batter up bitches!
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You are joking, yes?Young people are more disaffected from politics than ever. It isn't average young people posting in political topics. It's older people and some particular young people who want to argue politics. The audience for this site is dorks, and it is dorks coming here endlessly ranting about fucking politics, and everywhere else as well. Politics dorks. Star wars dorks argue about imaginary superpowers and spaceships; politics dorks argue about imaginary differences and the idea they can change a blind thing with their vote. At least you can get star wars dorks to admit they believe in a fantasy.Harry has posted election TB's every cycle since the site began, and they always explode. If you notice, at least half the population of any one are registrants whose names never appeared before and never will after the political posts. They register just for them. They really are just a pagehit booster. I don't blame Harry. If I ran a site I would do it too.
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http: //market-ticker.d enninger.net/
call your congressman TODAY. Don't let this pass! -
http://mar ket-ticker.denning er.net/
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are you kidding me??? : Sec. 8. Review: Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
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designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them
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Sep 21, 2008 9:20:21 AM CDT
SEN. BERNIE SANDERS SAYS THE BAILOUT BURDEN SHOULD BE SHOLDERED
by bringingsexyback
by those earning more than $1 Million, because the Middle Class should not have to pay for the fat cats. I agree!
http://www.sanders.senate.gov/news/record.cfm?id=303313
Pwned! -
i have never posted anything political here, I am posting this everywhere I go, and emailing it to everyone. DO SOMETHING.
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That sure looks like a blueprint for global enslavement. Fucking shit...
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or will we? WE NEED TO TURN OFF THE MOVIES AND DO SOMETHING
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but these are pretty extraordinary times. And there's no new Michael Bay news.
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https://form s.house.gov/wyr/welc ome.shtml
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seize defaulting homeowners' properties at will? There will be no impetus to sell the properties on the open market even to recoup part of the losses. Go to Netflix and get Endgame: Blueprint for Global Enslavement.
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http://dig g.com/politics/Congress_Secre t_Closed_Door_Meeting_March_13_2008
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"The Secretarys authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time"
That leaves the door wide open for an expansion of this act. They're meaning this to be just Step 1, with more steps to follow. Damn. -
get off your asses
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I've never agreed with him before but I do with that statement.
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You should post more on the poli talkbacks.
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He plays basketball!
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"They will tell Steve Kroft and Scott Pelley that the United States is in a recession"
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this is real. you know its real when reps and dems are working so hard together. this is why the russians and the chinese and the brits all helped and infused cash in the system. there are no politics anymore, only money. everything else follows from this.
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http://www.yo utube.com/watch?v=_AI8mC8 XucY
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with those links. I even gave my bitches the day off to spread the word!
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Thank you.
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Sep 21, 2008 9:56:37 AM CDT
"Immediately, previously-insolvent investment banks can now go a
by shermanium65
http://su bprimeshowtime.wordpress.com/2008/09/19/resolu tion-trust-the-mother-of-all-scams/
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"Immediately, previously-insolvent investment banks can now go and borrow money and act like this whole business was just a meaningless, forgetful night of snorting coke from a hooker’s ass."
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NY governor Eliot Spitzer... AIG... Bear Stearns... Do the math... "It's ok, Senator. My brother, Fredo, owns this establishment"
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That'll clean up this mess, wipe out the National Debt, and give every American a $30,000 bonus check. Let it be written!
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In a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department’s mortgage bailout, according to the fine print of an administration statement Saturday night. -
Sep 21, 2008 10:35:16 AM CDT
INDUSTRIALIZED NATIONS AROUND THE WORLD SHOULD HELP THIS BAILOUT
by bringingsexyback
It's in their interest as much as ours. Why isn't Bush on the phone drumming up contributions?
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You guys want one?
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Fucking pompous gits that think they know more about this country than anyone else. And that is BOTH sides...
Specifically why I prefer Governors. -
...how else to explain the fact that half the topics on this board these days are clearly designed to start political flame wars? The site clearly needs the hits generated by faked 'political controversy.'
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60 Minutes in HD! That's been one of the big holdouts for the HD train. Now we need to get them to actually broadcast the HD game shows they are filming, and maybe start filming Sesame Street in HD, and I'll consider HDTV a successful transition.
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...he usually does.
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It couldn't be that there's a tight presidential election in less than two months, and Harry, and at least the American readers are interested in discussing it?
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Of course the readers are interested in discussing (that is, shouting at each other about) the election. That's my whole point. Harry knows that every time he puts up a political topic it generates a shitload more hits than the nth review of "Zach and Miri..." or whatever teenybopper reality show Herc is obsessed with this week. And it's clearly a hella lot easier than actually reporting "cool news," now that the site is all too willing to obey embargos by the studios as to what can and can't be reported.
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The hatred and intolerance can now commence...
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footlong meatball with provolone and tomatoes, please.
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That talking point is two months old. Rush must be on vacation.
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The talking point is old... but not as old as MCCAIN! OOOOOOOH!
No, but seriously, Obama took his teleprompter to a rodeo. A RODEO! The talking point doesn't get old if he doesn't stop bringing it wherever he goes. He's a dipshit that can't speak on his own. You'd think that he'd go off the script just to prove us wrong... yet... he doesn't. -
Yes, he takes a few deserved shots at Sen. Dodd, chairman of the Banking Committee and No. 1 recipient of Fannie Mae/Fannie Mac contributions. But quality opininons as to where we should be going with the economy.http://tinyurl.com/3gqmvf
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and he will still fucking destroy mccain. Mccain thinks spain is in latin america. Mccain is losing it - fast.
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*facepalm*
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No one will "destroy" the other, and it's foolish to think otherwise. The debates are meaningful because it gives the public an opportunity to look at the demeanor of the candidate, as well as their policies. Nixon "destoryed" Kennedy, but lost. Huge speaking gaffes are rare (think Ford's Poland statment), but how a candidate acts is seemingly more important. Look at Reagan's effective belittling of Carter, Dukakis' meltdown on the rape/death penalty question, Gore's personal behavior in the first two debates, and Kerry's condescending behavior.Remember that Obama's last few debate performances were less than stellar, and probably greatly contributed to Hillary almost running the table in the last few primarys. It is completely accurate to point out that Obama gives wonderful speeches, but falls down to Bush-like levels when speaking without a teleprompter. Doesn't mean that man's an idiot, just that he has trouble speaking extemporaneously, like most people do, quite frankly. Whomever does the best in Friday's debate will get a bump that, barring a huge gaffe afterwards, will let them ride out the campaign to victory.
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they got us into this mess, and now we need $700 billion to bail them out. $700 billion! Our deficit is already nearing record levels. Shouldn't we bail out homeowners as well? The bankers fucked up just as bad as they did, even suckered some of these people into overpriced homes. Why shouldn't homeowners get some support?
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Just say No to McCsame!!!
http://i48.photobucket.com/albums/f229/Eh-Nam/Bushsthirdtirmnew.jpg -
Sep 21, 2008 4:23:18 PM CDT
http://i48.photobucket.com/albums/f229/Eh-Nam/Bushsthirdtirmnew.
by ehnam1313
http://i48.photobucket.com/albums/f229/Eh-Nam/Bushsthirdtirmnew.jpg
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IIFC, for a while it was originated in HD despite having no HD video, meaning there was standard-def video and HD logo graphics in the pillarboxes on the sides. Obviously this was pointless, so they went back to regular SD broadcast until now.
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A big reason why banks made crappy loans to homeowners (via 1st mortgage, 2nd mortgage, refinance, etc.) is that Congress pushed them to give out loans to minorities and higher-risk people. In essence, banks made poor loans because of political pressure. As long as home prices were rising, the risk was so bad, because even if a foreclosure occurred, there was some equity there. Now with housing prices falling, no equity. Hello bankruptcy/government bailout.
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Looks like those who wanted to stem the blood in Wall Street have realised pretty fucking fast that they can use this crisis to their advantage to please business interests & lobbyists and ignore & trample safeguards for the Taxpayer turning the Resolution Trust Corporation into a slush fund for incompetent Bankers and CEO's.
There will be a small effort to try and do the right thing by some making this ubelievable largesse and Unprecedented Corporate Welfare come with sanctions on irresponsible CEO's and reforms to ensure this never happens again.
But it will sadly get shouted down by those who wish this to be a truly blank check with no responsibility for those to blame and no accountability for the regulators and executives.
They will simply shout "EMERGENCY!" and say there is no time to institute anything other than incredible funding with no consequences for those responsible or safeguards for the Taxpayer.
"On “Fox News Sunday,” Paulson told Chris Wallace that he would resist the Democrats' desired limits on executive compensation." Don't think he cleared THAT with McCain ? Or DID he ? Anyone resisting limits on executive compensation after they made this Colossal clusterfuck should be tarred and feathered.
Something obviously needed to be done to prevent a Recession of truly shocking proportions, but this looks like free Money with no strings attached when it should have been the spearhead for CLEARLY desperately needed reform.
The Candidate who points out the true cost of this to the Taxpayer and promises REAL reform with SOLID examples of a crackdown on the almost criminal practices and neglect with proposals to beef up the SEC and Regulators while insulating them from those they were supposed to be guarding against and not sleeping with. The Candidate who can say to the Taxpayer you have just spent this incredible amount of cash on the mistakes of others so HERE is what they must do for that money. That kind of resposible message will win votes.
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Half of all subprime loans were made by institutions that are not subject to "Political pressure" like the CRA. And another substantial share of subprime loans were made by subsidiaries of banks that do not fully come under CRA. The number of riskier loans banks were forced to accept by CRA were not enough to be a problem by themselves.
If the sub prime loans were such bad news for the Banks and others then they wouldn't have kept issuing them again and again and again. They were making the Banks and those who used them in pig in a poke financial "products" (CLO's & CDS's) unbelievable amounts of cash in the boom times and the fact that they were a huge gamble mattered little when the Gravy Train rolled into town. -
good point, i'm just being emotional, it's definately not just wall street's fault. But i don't particulary like that they are the only one's getting the bailout. And it's fucking expensive. Of course, the alternative is possible financial collapse. When the Fed chairman, whose chief task is to be optimistic, says financials markets are close to imploding, things aren't good.
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Doesn't sound to me like they were stumbling under the weight of unprofitable risky loans "forced" on them by Politicians.
Sounds to me like they were making out like Bandits on Sub-Prime. -
Since Warren Buffett saw much of this coming when he warned of of "Financial Weapons of Mass Destruction" & "time bombs" that couls harm not only their buyers and sellers, but the whole economic system way back in 2003!
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Sep 21, 2008 5:38:41 PM CDT
BARACK OBAMA IN HIGH-DEF? GREAT! MCCAIN IN HIGH-DEF?
by bringingsexyback
Yikes!
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hehe
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Although Congress encouraged banks to provide loans for low-income housing, the vast bulk of the problems do not stem from those loans.
Banks and mortgage brokers were systematically bending rules to give loans to anyone with a pulse. Congress did not sanction this. They continually relaxed the rules to the point of ridiculousness.
Who took the greatest advantage of these loans? Investors who knew how to work the system. Do you recall those informercials telling people how they can buy homes with no money down?
Many investors bought up multiple properties with no-money down, no documentation mortgages. They had no equity in the properties, yet rented them out or flipped - both for profit of course.
When housing values began to dive, they dumped these properties and walked away with no monetary loss, just a hit on their credit reports - which they could afford.
I'm not saying they're the root cause, but it is by no means that low-income homebuyers are solely to blame. And in many cases, brokers and lenders were, shall we say, persuasive in getting them to buy.
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"ninja" and all the rest of the credit crunch lunacy.
Course there IS one thing worse than giving out no strings attached cash to irresponsible Bankers and Financial Companies.
Giving out a TRILLION or so in cash that FAILS to stop the rot but emboldens predatory short selling and other Financial sharks, trawling through the wreckage and feeding on the carcasses, to go for the throat of ANY Company and Corporation that can be linked to this crisis.
After all if the Taxpayer foots the bill where is the risk ? -
Too early to say if it will last or if the rally on Friday might even continue on Wall Street tomorrow but the signs are good at least.I'm going to have to shave my head and get a buxom assistant to start a "Bald Guy and the Hot Chick" Financial updates show. ;-)
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You're probably one of these people trying to shut down radio stations that interview people who are anti-Obama. Am I right? Do you live in Chicago? Have you received your latest Obama action line to cause havoc in AICN talkbacks? You're very effective.
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Do it now! They haven't kicked off yet!
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Youareallmybastardchildren, I salute you. You have your priorities in the correct order!
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60 minutes has a talkback but SUPERNATURAL doesn't? ah harry??? why so serious???
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Sep 21, 2008 8:55:48 PM CDT
Maybe they'll ask the candidates where they were 40 years ago.
by voice o. reason
One guy was 6 years old, and the other was stuck in a Viet Cong prison camp for FIVE AND A HALF YEARS, ALAN.
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Clinton, Bush, and Congress wanted to promote home ownership for those on the lower end of the economic scale, for obvious reasons. But was a good example of the road to Hell being paved with good intentions.You're correct that investors screwed up as you stated, and so did the banks as G100 stated. The refinance game was a huge scam. I'm personally aware of the local Wells Fargo entering into agreements with local re-fi companies to have appraisals on homes coming in exactly at the required 80-20% loan-to-value depending upon what the homeowner wanted (i.e., if the homeowner needed $20,000, the appraiser made sure that the value of the home would meet that). If the house were foreclosed, the re-fi company kicked back money to Wells Fargo.But I think without the encouragement from the top, we wouldn't have seen the corruption at the bottom.
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Q: What do you call a gorilla that can do Trigonometry?
A: A Hairy Reasoner!
Get it? A Harry Reasoner? Ha ha ha! Nothing like a good Harry Reasoner joke! RIP Harry! He tried to warn us all about Barbara Walters all those years ago! -
then why the fuck is our debt so fucking high? When the Chinese/Mafia come knocking for their cash some shit is gonna hit the fan. They'll probably just say forget the debt, just give us this, this and this. Before to long, we'll be eating our pets and be making $1.26 an hour on our jobs.
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in order for things to improve, our overall unemployment has to drop. Meaning we have to create jobs in this nation. It's not just about crap-ass mortgages. Flat out, the jobs that left town, are not coming back. So what is the US going to produce to create jobs? If we can turn this nation into the leading wind, natural gas, bio-fuels, solar, algae, trash fuel, methane (cow farts)fuel, or whatever the fuck producers, then we might be able to turn this economy around. Jobs are leaving for a reason. You can't compete with a $2 dollar and hour worker that bust ass for 14 hours straight. We are going to see mass layoffs and closings in fields like eateries, theaters, stores, etc. Schools and hospitals are make huge changes. Crime and suicides will skyrocket, just in time for a new president, which will fall on his watch no matter what they do.
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We have to lower our standards of living to compete with the cheap labor. To many materialistic fucks have run this country in the dirt.
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... an extra old McCain. He looks painfully old and he had those old man eyes that were tearing up the whole time. Why does that happen?
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It's funny cause the media has been talking down the economy non-stop ever since, through ups and downs ins and outs. Reading NYT hack Krugman's dozen or so predictions of recession since 2002 is hilarious.
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If we want to stop paying $700 billion a year to countries that use this money to purchase out our corporations. That's a huge reason WHY our debt is high. We need to develop more of our own oil, gas, coal, oil shale and work on all the alternatives you mentioned.
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but sure, interviews could work too...
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and fuck football- it's always fucking up my TIVO recording of 60 Mins...Obama 08, baby.
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The Crypt Keeper for Prez!
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Talking down the Economy during this litle "adjustment".
As for bending over for the hard pressed little companies like Exxon and somehow Drilling out of a recession ???
Well I can at least see why McCain picked Palin now. No-one else would be able to run a pipeline to whichever of his 9 houses contains his 13 or so cars. Those cars don't run on arugala you know ?
Of course we could try listening to THIS Presedential Candidate when he said "It would only postpone or temporarily relieve our dependency on fossil fuels".
Wise words indeed. -
I'm fresh off a trip to Mexico and ready to fuck you Republidouches up. Bring it FATFUCK.
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Ever notice the peopel bitching about it are the ones that either don't know dick about the subject, don't care, or don't agree with Harry's reasonable left of center orientation. Get over it you fucking dickless cunts. Fuckoff to your Transformers TB if you don't want to talk about actual issues.
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Guys:
Look, politics in film & TV are all around us; when W and AN AMERICAN CAROL come out in the same month, this talkback will go wild.
and that's great! If somehow, we can put up facts and analysis instead of childish, bullying rants and putdowns, it would be even better. -
Of course there's going to be heightened discussion. And where are all the right-wing kooks today? I'm bored dammit.
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Especially watching the Republicunts defend their party. That's like trying to convince us that a turd doesn't stink, or that Janet Reno is a hot gorgeous MILF, or that man is the best thing this planet has seen.
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For instance, there is something entertaining about people defending Sarah Palin as a VP choice. Otherwise intelligent people making the defense is even better.
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Talk about a tough call. I got no idea who's gonna win.
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Sep 22, 2008 5:08:41 PM CDT
McCain is laughable explaining about the goold old boy network.
by the founder
This man is knee deep in the club and now he's all of a sudden a maverican and is against them? This is so fucking beyond the pail. I really hope Americans don't fall for more Republican lies and covering up shit. Not saying the Dems are perfect but come one people wake the fuck up.
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Sep 22, 2008 6:25:28 PM CDT
MCCAIN SAID ON 60 MINUTES HE WILL CUT DEFENSE SPENDING
by bringingsexyback
Scott was like ... Scott did a double-take and asked him again.
So Mr. Maverick will cut defense spending, which includes programs for veterans ... but wants to keep the tax cuts for the wealthy.
How nice. -
Good job, Lou.
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Sep 22, 2008 6:35:18 PM CDT
PAULSON'S PLAN LEAVES $2.5 BILLION BONUS POOL FOR LEHMAN EXECS
by bringingsexyback
Meanwhile McCain wants to cut defense spending and veteran programs.
Any Republicans here care to make sense of this? -
No, I live in NYC and I cause talkback havoc of my own free will.
If someone is willing to pay me for it, I'd be glad to amp up the havoc to levels heretofore unseen. -
Other than that, he's all right.
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I share his concern about illegal immigration but he does seem to straddle the xenophobe line. I mean, when he goes a rant, it lasts for months.
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Vive le Lou!!!!
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It was 99% NO to 1% YES on whether execs deserve bonuses in this bailout.
I voted Yes. HEHE -
Sep 22, 2008 7:02:26 PM CDT
HERE'S A SILVER LINING ON THIS GRIM CLOUD FOR Y'ALL ...
by bringingsexyback
Dancing With The Stars is on now!!!
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This whole election will be pretty much decided by the debates -- possibly even the first one. If Obama does well and can finally pull away from McCain beyond the margin of error (and I'm talking about a comfortable lead of 10 or so points) he'll win.On the other hand, if Obama can't pull that off...if it's still a tight race even after the debates and polls show that it's still within the margin of error (with swing states like Pennsylvania and Ohio still essentially tied)...then McCain will win because you'll just see too many people executing the "Bradly Polling effect." You'll find too many white, blue collar, middle class voters in the swing states who SAID they would vote for Obama getting behind the privacy of a voting booth curtain and now saying: "Nah, I just can't do it. I can't vote for Obama."To be honest, I figure the truly big thing...the actual tipping point...will be the youth vote and how they turn out. Yes, I know that in record numbers they SAY they're for Obama, but the youth vote was also SUPPOSED to push Kerry over the top and look what happened -- they didn't show up. College kids did what college kids always do on election day: instead of going to an actual voting booth, they prefer to hit campus parties and get completely wasted while looking to get laid in the midst of all the emotion that comes out on election night. And you know what? Truth be told, they probably have the right idea...Speaking for myself, I've already picked my guy (McCain) and I'm sticking to it. So I don't see the point in following all the news commentary shows anymore or arguing with people again and again just to suffer through even MORE heated bickering. It's not like I expect to change anyone's mind -- hey, it's a free country, vote how you want -- but then again, no one is going to change my mind either. I saw Suzanne Somers on a talk show the other day (out plugging some new health/diet book she wrote) and she summed it up perfectly. When asked how her Hollywood friends were taking the election, she replied: "I've removed myself from the process. I'm voting and that's just it. It's just gotten TOO crazy at this point. I have friends who have sworn not to speak to each other ever again or work with each other ever again JUST because of who the other person is voting for. I'm seeing actual lifelong friendships come to an end just because someone won't vote for one side or the other."So, I've picked my guy and that's it. Besides, I've got too much work to catch up on, I've got a personal life to pursue, I have too many stockpiled DVDs still sitting on the shelf that I need to plow through, and it's Football season which I live for each year.If anything I can't believe it isn't even October yet and we still have 6 more weeks of people yelling at each other at this shrill a pitch. So at this point I just want to vote...pick up a pizza on the way home...and then kick back and see who wins. Frankly, at this point, nothing that happens on election day will shock me given the way this race has gone.And then of course I'll wake up the next day and nothing will REALLY have changed -- let's be honest, it never really does -- because the REAL truth is life just goes on. Meanwhile, politics and all the bickering that comes with it will continue as both sides of the aisle instantly start to gear up for the midterm elections regardless of who wins. So that never-ending cycle will continue as well...
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Sep 22, 2008 8:00:34 PM CDT
Debate on Foreign Policy Important.Debate on the Economy.Crucial
by g100
Like it or not, it's ALL THE ECONOMY ALL THE TIME and it doesn't look like it's about to change anytime soon.
Even McCain is swiftly moving into lockstep with voters opinions acknowledging there is REAL anger among almost all voters about this Colossal fuckup. But that anger will have to go somewhere in November.
As for Obama having to lead McCain going into the Election, yeah he'll need to be in front I would think. But predicting exactly how many points he needs is hardly an exact science to say the least.
I tend to think he won't need quite so massive a lead as some are painting. The primaries proved Bradly might still be there but it's nowhere near as corrosive as it used to be.
Oh and that staggering Oil Price rise today does NOT bode well at all. -
Tell me that won't have an impact ?
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Sep 22, 2008 8:14:54 PM CDT
G100 - DID YOU READ FORTUNE'S LEAD ARTICLE ON MATT SIMMONS?
by bringingsexyback
The man continues to hammer home the truth about peak oil, lest we forget amid the cries of the "Drill baby drill" tards, McCain among them.
Yet another necessary reminder, and a call to arms, from one of the world's leading energy experts.
http://money.cnn.com/2008/09/15/news/economy/500dollaroil_okeefe.fortune/index.htm?postversion=2008092216
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in the GILF category!! Nice cleavage grandma!!!!
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Oil illiteracy
"John McCain is energy illiterate," Simmons is saying. "He's just witless about this stuff. As a lifelong Republican, I'm supporting Obama." A dozen oil and gas men sitting around a conference table in Lafayette, La., chuckle nervously as he continues. "McCain says, 'Oh, we're going to wean ourselves off foreign oil in four years and build 45 nuclear plants by 2030.' He doesn't have a clue." -
great article, BSB.
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Both sides may disagree but it never hurts to exchange information and ideas. Well, see you around the other talkbacks.
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45 nuclear plants, how stupid. You won't be around to deal with the waste, why the fuck would you care. Where oh where are they going to store it, in the Yucca Mountains? Why not store it at your 9 homes. So many scientists/physicists are so against nuclear power. Besides they cost billions to make and many years to build. There have been a lot more accidents then you think, some very close calls.
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Thanks, let's all share good articles and vids when we can find them. Thanks to Headgeek for giving us a forum to spread important information.
Also I like this quote from Simmons: "She's a very colorful person, but I don't think there's a scrap of evidence that she knows anything about energy." -
but the more plants you build the more targets you give the terrorists. A few years ago some journalists were able to get close enough to some nuclear plants to demonstrate how terrorists could do the same. Scary? Damn fucking right.
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Obviously ...
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to secure the homeland. Dumped a whole lot of money where it didn't count, gave it to his crony Republicans, but for all the time and money we now have our seaports run by the United Arab Emirates and nuclear facilities barely safeguarded. They scare people with talk about dirty bombs but don't bother to protect our nuclear plants?
The Republicans have run this country so far into the ground it's gonna take 3 Democratic governments, at least, to dig us out. -
Sep 22, 2008 9:17:38 PM CDT
DID YOU HEAR THAT IRAQ IS INSTALLING SOLAR-POWERED STREET LIGHTS
by bringingsexyback
throughout the country? Ironic, huh?
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Sep 22, 2008 9:37:13 PM CDT
YOU WOULD THINK THAT MCCAIN, WHOSE WORTH IS $100 MILLION
by bringingsexyback
would forego collecting Social Security.
But no, he collects in excess of $23,000 a year. Pocket change for him, but a lot of money for other Americans who really need it.
Maybe he uses it to gas up his 13 cars. -
http://www.ny sun.com/foreign/spies-warn-that-al-qa eda-aims-for-october-surprise/86326/
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...when Obama becomes President and ALL of those problems will just evaporate and the world will will swoon at his feet?
And damn those rich people like John Mcain for for not handing out money in the streets to the needy. Goddamn him to hell. -
"...Harry's REASONABLE left of center orientation".
This is the same guy who claimed Neo (in the Matrix) was analagous to Osama Bin Laden! I could go on but you get the idea.
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Yikes. I missed that one.
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But what makes that left of center?
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Jesus. Stewart made fucking mincemeat out of Blair's blind ideology on the middle east. It was like Frost/Nixon Part Deux.
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Great points. Well said!
Although swooning at Obama's feet is an exaggeration. Maybe hold him in high regard and admiration is more accurate. -
But Paulson and Bernanke said it'll crash unless we feed $700 Billion into the Wall Street coffers. Don't tell me they were just using fear to manipulate Congress! Please don't tell me that!!!
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Do you really think someone worth $100 Million should be collecting Social Security? While simultaneously advocating that it's a broken system and wants to link it - even if not in whole, but in part - to the ebb and flow currents of the stock market?
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but thanks for the lead I'll catch it on the web. I've actually been watching O'Reilly Factor on a daily basis. Go figure.
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I did say just a few posts up that it would take multiple Democratic administrations to reverse the damage. I don't know who'll be running in '16, but I'm beyond confident that Obama will be handing them a much better country to run by then.
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Good god. why are you watching O'Reilly?
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Apparently he's not the screaming maniac I remember him being during the height of the Republican years. And I've a newfound respect for him after his Obama interview.
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ONE CAR
ONE HOUSE
ONE SPOUSE
OBAMA/BIDEN 08! -
Baking soda plus vinegar...instant foam madness! Plus if you get a big glass of vinegar and baking soda, put a bunch of buttons in the mixture, they will rise and fall continuously!If you can balance an ordinary egg between the blades of 2 butter knifes, the egg will slowly rotate without any assistance! Add water to starch to make a thick viscous substance that flows like a liquid but responds to touch like a solid (like glass, tarmac, etc, all liquids that behave like solids).Science is COOL!!!
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I'll just assume you're kidding. O'Reilly was an ass to Obama.
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http://www.liveleak.com/view?i=a0c_1222057090
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I thought Bill was being himself and was taking seriously the role of a tough journalist. He didn't attack for attack's sake, which was a good thing. In fact, it was a very enlightening exchange for him as well as the audience.
It also showed, beyond a shadow of a doubt, that Obama is more than capable of fielding tough and important questions.
That's in stark contrast to Sarah Palin, whose "meetings" with world figures today are closed to the media:
From CNN:
Palin bans reporters from meetings with leaders By SARA KUGLER, Associated Press Writer
58 minutes ago
NEW YORK - Republican vice presidential candidate Sarah Palin, who has not held a press conference in nearly four weeks of campaigning, on Tuesday banned reporters from her first meetings with world leaders, allowing access only to photographers and a television crew.
CNN, which was providing the television coverage for news organizations, decided to pull its TV crew, effectively denying Palin the high visibility she had sought.
Palin planned to meet Afghan President Hamid Karzai and Colombian President Alvaro Uribe in New York on Tuesday as the United Nations General Assembly convenes this week. She also was expected to meet with former Secretary of State Henry Kissinger.
Those sessions and meetings scheduled for Wednesday are part of the Republican campaign's effort to give Palin experience in foreign affairs. She has never met a foreign head of state and first traveled outside North America just last year.
The campaign told the TV producer, print and wire reporters in the press pool that follows the Alaska governor that they would not be admitted with the photographers and camera crew taken in to photograph the meetings. At least two news organizations, including The Associated Press, objected and were told that the decision was not subject to discussion.
Palin has been criticized for avoiding taking questions from reporters or submitting to one-on-one interviews. She has had just two major interviews since Republican presidential candidate John McCain chose her as his running mate on Aug. 29.
On Wednesday, McCain and Palin were expected to meet jointly with Georgian President Mikhail Saakashvili and Ukrainian President Viktor Yuschenko. Palin was then to meet separately with Iraqi President Jalal Talabani, Pakistani President Asif Ali Zardari and Indian Prime Minister Manmohan Singh.
(I'd like to meet and talk to those leaders myself. At least I could point out their countries on a map, unlike Palin) -
I know if you have $100 million you probably have your retirement covered. But if someone pays INTO it...they should get it back. It's his momey.
I don't have a problem with people having 9 cars, 5 homes and tons of money. Good for them. They most likely worked their ass off for it. If you make more money than I do BSB I think it would be WRONG for someone to come along and make you give me the difference in our two paychecks. Make no mistake...Obama wants to redistribute wealth in that way.
Rich=evil. Poor=good. Marxism is alive and well. -
I thought you were smarter than that, Who.
You think rolling back the tax cuts, on ongoing income, to the levels they were when Bush took office - cuts that the Republicans originally agreed to sunset - is the equivalent of taking money or assets from the rich and giving to the poor?
Who do you think you're talking to? You stupid?
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Sep 23, 2008 1:09:03 PM CDT
Redistribution of Wealth. What the Fuck is the SuperBailout then
by g100
I don't have a problem with COMPETENT CEO's but rewarding staggering INCOMPETENCE with TRILLIONS of Dollars of Taxpayers money while the irresponsible idiots to blame leave the tattered jobless remains of their Corporations behind as the Economy tanks, giggling as they pocket tens of MILLIONS while they do it is sheer FUCKING MADNESS. (Sparta like levels of Madness)
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Obama's plan would redistribute more than $131 billion per year from the top 1 percent of taxpayers to all other taxpayers-per The Tax Foundation.
Under the McCain plan, since every taxpayer gets a tax cut, the overall distribution of the federal tax burden remains roughly the same as it is today. Under the Obama plan, because some taxpayers get a tax cut and others get a substantial tax increase, the overall distribution of the federal tax burden changes quite considerably.
Which do you prefer?
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There's not too much that pisses me off more than these CEO's decimating peoples incomes/jobs etc and then bailing out with a "golden parachute". I'm seriously ok with crucifixion in the public square.
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Sep 23, 2008 1:49:30 PM CDT
DOCTORWHO: THE TAX FOUNDATION HAS BEEN DEBUNKED ALREADY
by bringingsexyback
as being unreliable in their analyses. Every serious news organization, think tank and economist has instead looked to the non-partisan Tax Policy Center for objective analysis.
Looka heah: http://www.taxpolicycenter.org
And here is a quote from their latest analysis:
"The two candidates' tax plans would have sharply different distributional effects. Senator McCain's tax cuts would primarily benefit those with very high incomes, almost all of whom would receive large tax cuts that would, on average, raise their after-tax incomes by more than twice the average for all households. Many fewer households at the bottom of the income distribution would get tax cuts and those tax cuts would be small as a share of after-tax income. In marked contrast, Senator Obama offers much larger tax breaks to low- and middle-income taxpayers and would increase taxes on high-income taxpayers. The largest tax cuts, as a share of income, would go to those at the bottom of the income distribution, while taxpayers with the highest income would see their taxes rise significantly."
I prefer Obama's plan. The wealthy are now going after bailout bonuses, and McCain wants to further reward them with extended tax cuts? Both to be subsidized by the working middle class? I don't think so! -
Sep 23, 2008 1:51:38 PM CDT
OKAY I SEE THERE'S COMMON GROUND ON THE GOLDEN PARACHUTES
by bringingsexyback
I say we line up the CEOs and give them some taxpayer golden showers instead. Okay? Okay.
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"I don't have a problem with people having 9 cars, 5 homes and tons of money. Good for them. They most likely worked their ass off for it."
Are you seriously that naive? -
The top 5% of wage earners pay more than 50% of all taxes. 40% of the population doesn't even pay any taxes.
If you're cool with the redistribution of wealth, that's fine...just call it what it is.
Money and wealth is not a finite thing or a zero sum game. It's created, not redistributed by some all knowing arbiter to who 'deserves' it more.
I'm not wealthy by any stretch of the imagination, but I'll create my own thank you. -
What...Did everyone who's "rich" ineherit their wealth??
Does only digging ditches and waiting tables constitute "hard work" to you?
At what income level do you begin viewing people with contempt...250K...500K??
Should John Mcain give you one of his cars because he has 9 and you have one?
Obama's rich too. Good for him. How did he do it? Does it matter to you?
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What...Did everyone who's "rich" ineherit their wealth??
Many of them yes, or they have had the advantage or head start of having parents who can afford higher education.
Does only digging ditches and waiting tables constitute "hard work" to you?
No. You can call sitting in a cube for 60 hours a week hard work (I guess), but apparently waiting tables and digging ditches is that much less valuable to you that you mock their contribution to society.
At what income level do you begin viewing people with contempt...250K...500K??
Exactly $1 more than my salary.
Should John Mcain give you one of his cars because he has 9 and you have one?
I don't drive but sure. I'll sell it for something I do need (like sewing back on that middle finger my insurance company wouldn't pay to reattach.
Obama's rich too. Good for him. How did he do it? Does it matter to you?
I imagine Obama has made much of his money from people buying his books looking for actual inspiration. Where as MsCain married the daughter of a wealthy beer distributor. And sure it matters. Let's audit them both.
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Say what you want, that was as badass as an answer gets.
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More blank checks to Washington?Raise the already sky-rocketed national debt? Shift more burden to the middle class?
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Adam Smith wrote that the cost of government must be borne by those best able to afford it. The rich should pay higher taxes because they receive greater benefits from the protection of the government; they have more property, and therefore more assets for the government to defend.
According to a recent survey of 1,000 American economists, the majority of the 264 respondents favored income redistribution.
So even most Economists acknowledge it's necessity.
Of course you could always try re-animating that sleeping Gaint, Ross Perot for his Flat Tax "Genius". Admittedly rabidly deregulating flat-taxers would look monumentally stupid in the face of the MegaBailout and present Economic situation but we need some entertainment these days and Ross Perot has a brain full of jug-eared crazy that could provide much needed hilarity. -
So, now everyone with a higher education is classified as rich. Hardly the case. I work at a major university and the boneheads with Masters degrees and higher is legion. They make good livings as nurses and teachers and IT guys...but not rich. And I have much more respect for people busting their asses doing the tough jobs...dude I've washed more dishes than I care to recall...your 'mock' comment doesn't stick here bro.
News flash: Obama (and Biden) are Lawyers...which is mostly why they are rich and a group that should piss you off as much as your inurance company which didn't pay for your unattached bird. ALSO...of the 180 or so lawmakers that made mucho bank off of FANNIE MAY contributions... Obama is like top 3.
Sorry, can't get on board the hate train for people who have a lot of money. It's kind of lame really...oh like, I don't know...thinking less of a person because they have a different skin color than you.
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That was funny.
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Sep 23, 2008 4:53:18 PM CDT
No, McCain says you aren't Rich unless you make 5 Million a year
by g100
So I'm afraid according to McCain Obama would be middle class.
I would also caution against trying to paint Obama with the contributions taint. Sure it's not that great but lets look at McCain's staffers.
One of them was Fannie Mae's head of lobbying, and spread tens of millions of dollars around Washington in the form of lobbying contracts. A number of McCain staffers were on the receiving end of those contracts, collecting hundreds of thousands of dollars each from the lenders to rep their interests. And McCain's campaign manager served as president of a lobbying association that fought to protect Freddie Mac and Fannie Mae from the sort of regulation that McCain is now proposing.
Aquiles Suarez, listed as an economic adviser to the McCain campaign in a July 2007 McCain press release, was formerly the director of government and industry relations for Fannie Mae. The Senate Lobbying Database says Suarez oversaw the lending giant's $47,510,000 lobbying campaign from 2003 to 2006.
And other current McCain campaign staffers were the lobbyists receiving shares of that money. According to the Senate Lobbying Database, the lobbying firm of Charlie Black, one of McCain's top aides, made at least $820,000 working for Freddie Mac from 1999 to 2004. The McCain campaign's vice-chair Wayne Berman and its congressional liaison John Green made $1.14 million working on behalf of Fannie Mae for lobbying firm Ogilvy Government Relations. Green made an additional $180,000 from Freddie Mac. Arther B. Culvahouse Jr., the VP vetter who helped John McCain select Sarah Palin, earned $80,000 from Fannie Mae in 2003 and 2004, while working for lobbying and law firm O'Melveny & Myers LLP. In addition, Politico reports that at least 20 McCain fundraisers have lobbied for Fannie Mae and Freddie Mac, pocketing at least $12.3 million over the last nine years.
For years McCain campaign manager Rick Davis was head of the Homeownership Alliance, a lobbying association that included Fannie Mae, Freddie Mac, real estate agents, homebuilders, and non-profits. According to Politico, the organization opposed congressional attempts at regulation of Fannie and Freddie, along the lines of what John McCain is currently proposing. In his capacity of president of the group, Davis went on record in 2003 and insisted that no further reform of the lenders was necessary, in contradiction to his current boss's sentiments. "[Fannie and Freddie] are subject to an innovative and stringent risk-based capital stress test," Davis wrote. "The toughest in the financial services industry." -
Nobody knows what the hell they're doing.
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I'm down with some elementary redistribution. The question of where to set that bar is the eternal debate that will never cease.
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DocWho does that mean you're a commie now? Welcome aboard!!!
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Is that a confession on your part? ;)
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Fascinating little article in the WSJ today...did you catch it? All about Obama and his good buddy Ayers.
And people are offended that Sarah Palin hunts moose. Go figure. -
What McCain's campaign has done is taken Rovian politics and elevated it beyond even his imagination. Until a few months ago, that's a damned tall order.
Building lie upon hypocrisy upon lie to create an alternate reality so grandiose that people have to catch their breath to debunk it. And when one surrogate takes a misstep and actually speaks a fragment of truth - and here I'm talking about Carly Fiorina - they immediately dispatch her to the wilderness, never to be seen again. That's the most amazing thing - the truth is absolutely toxic to McCain's campaign.
But thanks to him and his lobbyist cabal, every news outlet - including Fox, for God's sake - has had to do truth squad segments to examine the news they just reported.
But I understand why McCain is doing this. This was his only option. He had none other. On the issues alone, he was doomed to failure. He had no choice - if he wanted the Presidency, he had to submit to proven Republican tactics.
What a shame. -
Interesting I'll check it out. And I'm not so much offended by Sarah's mooseburgers than by her and her husband's close ties to Alaska's Secessionist Party.
Wanna see her address them? Look here:
http://www.youtube.com/watch?v=ZwvPNXYrIyI
Looks like she puts a lot of emphasis on Alaska's Constitution - something the Party holds dear in their quest for secession from the United States.
As for being a Commie - only so far as to embrace elementary redistribution as you said. Money does a country no good when it's sitting in the coffers of the richest 5% and the 95% doesn't have it to spend on goods and services ... -
"...in order to balance out the new deficit spending individual income tax rates would have to DOUBLE.
That's right - to bail out the fat cats on Wall Street your taxes will almost certainly double within a year or two.
Are you still gonna let 'em pass this bill? Remember, Henry Paulson got $500 million personally out of this and Goldman Sachs paid out close to $50 billion in bonuses over the last two years alone." http://mark et-ticker.denni nger.net/ -
While we all burn. Better learn Russian, bitches!
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didn't think so. too busy playing madden. I hope you all like these crappy russian and turkish non-horror movies: you will be seeing a lot more shite from overseas now. NO MORE STUDIO $$$$. nice.
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just wait.
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Sep 23, 2008 8:24:41 PM CDT
There Are At Least 4 Reasons Why The World Is Unlikely To Come T
by shermanium65
1. Rich People Want To Live Too 2.They Want To Live As Well As They Are Living Now 3. Cancer Is Not Yet Cured 4. Megan Fox' ass
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http://www.ron paulforums.com/showthr ead.php?t=67210
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Sep 23, 2008 8:56:05 PM CDT
McCains campaign cronies has been lobbying for the regime in Ber
by ganymede3010
Gezus fucking crist!Does this man have any fucking morals what-so-ever?
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I'm fucking stunned. Is America that scared of a Black President that they'll go as far as electing a man with ties to the regime in Bermuda? I can't wait for these babbyboomers to just roll over and die. A bunch a warmongering segregationist is what they are.
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Indeed we can find peace through dialogue and understanding, as we have done here in the talkbacks.
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Say it loud!! With multiple exclamation points like I do!!!!!
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Sep 23, 2008 9:05:24 PM CDT
UH OH. FBI INVESTIGATING AIG, FANNIE MAE, FREDDIE MAC
by bringingsexyback
Lehman Bros. and 22 more companies. I'll bet Countrywide, Washington Mutual, Wells Fargo are among them.
Not only should we not give bonues to execs, we shouldn't be giving bonuses to criminals. -
Holy moley.
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what about senators? the countrywide/dodd thing is gonna come back BIG
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"This anti-armor shell brought to you by Pepsi"
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I'm not versed in the details of it and they're keeping mum on those details. Apparently it's an investigation by some mortgage fraud unit at the FBI, so I assume this relates to retail lending fraud. Falsifying documentation, stuff like that?
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LOL good one.
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"Obama told me one time he read some of my books. So I would be very interested and impressed if he in January started to say something has really gone wrong in this country. And I’m not sure that I or anybody else can turn it around. But we borrowed so much money...We’ve let this Las Vegas version of what used to be ordinary banks in our ordinary hometowns go berserk. Our currency is having enormous problems. People are losing their homes. We’ve got to face up to what our problems are and talk about how this happened. Who did it? Why? Who made the money...Well, I think if he were to start talking about that I’d take him seriously. But I think half of Washington would have a 'problem in their stomach needing quick relief, 'let me put it that way. Cause you don’t rock that boat." http://www.pb s.org/moyers/journ al/09192008/watch2.html
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unless a little bird told them to get out... hmmmm
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http://www.bl oomberg.com/apps/news?pid=20601087&sid=aSEtG BXG0C0s&refer=worldwide
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im shocked, SHOCKED
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"Senators MAY have lost millions in personal investments" "They MAY have sold them before they crashed" "There MAY be a total meltdown" "The bailout bill MAY help" "We MAY bomb the shit out of Iran" "Or we MAY not" "Watchmen MAY suck" "It MAY be awesome"
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Link didn't work
Don't get me wrong. I'm a free market guy. I don't mind a slightly higher (subjective) tax rate for billionares...but the fleecing of the "rich"...unadulterated, mommy government socialist policies like Obama has in mind is pathetic.
The wealthy create jobs. I've NEVER got a job from a poor person. Money doesn't just "sit in coffers"...it moves...it's invested. Now maybe it doesn't help you or me at the moment but I'll make my own fortune thank you and don't want someone to give me theirs forcibly. Lame.
All of your points on greed and corruption are totally valid and worthwhile...but you can't legislate against greed. You can't regulate human nature.
If one feels trapped by the system..."the Man"...and sees conspiracy and sabotage around EVERY corner then failure is guaranteed. -
The Superbailout is for all of the terrible loans that are ON the balance sheet. (The so called cash for trash)
OFF the balance sheet and possibly greasing the wheels of a great many of Wall Streets Finest and supposedly most venerable "safe" Companies, Corporations and Deals may be a staggeringly vast amount of shadow money. Some in CDS's some in CLO's but all of it "unofficial" "unaccounted" and pure poison seeping through all parts of the World Financial System.
No amount of MegaBailouts can cure it because no-one and no corporation will openly admit to having them and the sad fact is many of them may not even KNOW. (And as soon as they did find out and admit they had them the Corporation or Company would be finished and the sharks would take them down in record time.)
So even if the Hyperbailout works unless new hard hitting regulation comes along soon to deal with the bad derivatives and securities etc. it simply won't matter.
"About half-way through" is one estimate I heard, from a source I believe, of where we are a the moment with this whole crisis. Time will tell. -
Sep 24, 2008 12:15:04 AM CDT
Doc I'd speak to Comrades Paulson & Bernanke bout Socialist Poli
by g100
Try for a moment to imagine that a Democrat President had just tried to push through a TRILLION Dollars for Corporate Welfare, Fanancial Socialism and Nationalisation.
Put simply the Republicans would have dug Joseph McCarthy up from his grave to begin his work anew and HUAC would have restarted in earnest. We would not be able to hear ourselves think for Right Wing commentators sceaming about a new Red Menace of Socialism. And the underside your Bed would indeed become a suspected resting place of a Red. -
Not all may be unremitting darkness and some may know that, in the medium ot long term, things have a way of returning to sanity.
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Sep 24, 2008 5:39:43 AM CDT
Obama is in the tank with these companies, and the media ignores
by supermans
Obama is in the tank with these companies, and the media ignores it.. Geesh...
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The Network link in particular was most timely. (though sooner or later someone will sadly remake Network with Keanu or Will Smith as the lead)
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Actually, the wealthy don't create the jobs per se - businesses do. Small, medium, big, giganto ...
A wealthy person in and of him/herself does not create jobs. At the most they'll have a personal assistant or two and a few domestic helpers (and usually illegals at that). It's businesses that create jobs because they need people in order to provide the goods and services that make the money.
And businesses are not just created by the wealthy - they are also created by entrepreneurs of small and modest means. They rely on capital provided by friends, family, government ... and banks of course.
What I'm getting at is that Obama wants to spur the economy not by giving tax breaks to the wealthy (as McCain will), but to direct the breaks to individuals (the consumers, the real fuel for the economy), small business owners (who tend to make less than $250K) and companies that do not outsource.
As for spending on health care and rebuilding national infrastructure ... that's far from socialism, that's good business. These programs create JOBS for what people NEED. If you ask me, that's what Congress should be spending on instead of bailing out Wall Streeters.
I get your point about greed and human nature, but we do legislate against greed all the time. Hell, the Feds just banned short selling last week to protect the economy. I say there should be enough regulation of industries to protect the common good, but not too much to stunt growth and innovation.
As for seeing conspiracy and sabotage around every corner ... you know me, Doc. I'm biting my lip not to talk about the Zionist Luciferian Illuminati's hand over this whole economic debacle. Give me some credit willya??!!! ;) -
You gotta take the spaces out of that link ...
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Exactly. Entrepreneurs create jobs. People who own gas stations, dry cleaners, auto repairs etc. Many of whom DO make more than 250K per year. These people produce something...they contribute to the community in seeking their own finacial gain. To have them taxed because they are categorized as "wealthy" is a shame. 250 K per year is NOT a lot of money. It's a lot to me...but to punish these hard working PRODUCERS is going to come around and bite you and me in the ass.
Government does not create jobs. People do. Obama promises HE will create jobs and I laugh...as if the president was a "job maker upper".
As far as infrastructure goes yes, that is the job of government...but health care?. Health care is already a cluster fuck. To hand it over to the mother of all burreacracys (sp?) is crazy. Like someone said..."If you think health care is expensive now...wait until it's free!" -
http://slackeruprising.com/
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Just pull out of Iraq and Afghanistan and anywhere else you're waging a pointless war that costs billions of dollars each year (not to mention lives), that should save you the money to pay for most or all of this plan (which will not work by the way, but that's a different matter alltogether).
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...the bailout now includes student loans and auto loan debt. Total bullshit.
I say let the market fail. It will correct itself though it will be painful to many. -
Sarbanes-Oxley.Whether it works or not is another story, but clearly that was established to try and circumvent fraud which was caused because of greed.
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I deal with Sarbanes Oxley (in a very periphery way)at my job. The intention was good but it really just creates a bunch of extra hoops and complications for accountants to deal with.
If the top dog is a prick motivated by greed there's not too much to stop him/her from making things FUBAR. -
...I managed to slip in a movie reference into our political/econmomic discussion!
Kudos to me! -
where auditing firms are nothing more than profit whores who have no leg to stand on when a private company says "no" to some of their accounting suggestions.
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Sep 24, 2008 12:53:51 PM CDT
DOES ANYONE GET THE FEELING FROM PAULSON, BERNANKE AND BUSH'S ST
by bringingsexyback
that this financial crisis was engineered for maximum panic effect to be used to commit the greatest theft in American history? This bailout stinks more and more.
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in India. Crazy:
From Times Online September 23, 2008
Corporate India is in shock after a mob of workers bludgeoned to death the chief executive who sacked them from a factory in a suburb of Delhi.
Lalit Kishore Choudhary, 47, the head of the Indian operations of Graziano Transmissioni, a manufacturer of car parts that has its headquarters in Italy, died of severe head wounds on Monday after being attacked by scores of laid-off employees, police said. The incident, in Greater Noida, followed a long-running dispute between the factory’s management and workers demanding better pay and permanent contracts.
It is understood that Mr Choudhary, who was married with one son, had called a meeting with more than a hundred former employees who had been dismissed after an earlier outbreak of violence at the plant. He wanted to discuss a possible reinstatement deal.
A police spokesman said: “Only a few people were called inside. About 150 people were waiting outside when they heard someone from inside shout for help. They rushed in and the two sides clashed. The company staff were heavily outnumbered.”
Other executives said that they were lucky to escape with their lives. “I locked my door from inside and prayed they would not break in. See, my hands are trembling even three hours later,” one Italian consultant told reporters.
More than 60 people were arrested and more than 20 were in hospital yesterday.
A spokesman for the Federation of Indian Chambers of Commerce and Industry said: “Such a heinous act is bound to sully India’s image among overseas investors.”
The murder has stoked fears that outbreaks of mob rule risk jeopardising the sub-continent’s economic rise. Thousands of violent protesters recently forced Tata, the Indian conglomerate that owns Land Rover and Jaguar, to halt work on a plant being built to produce the world’s cheapest car, the £1,250 Nano. The move could result in £200 million in investment costs being written off.
Tata stopped work three weeks ago, saying that it could not guarantee its workers’ safety at the factory in the state of West Bengal. The billionaire industrialist Mukesh Ambani said that the Nano crisis showed how protesters were creating “a fear psychosis to slow down certain projects of national importance”. Other companies, including Vedanta, the London-listed mining company, have encountered similar problems in India.
In a statement issued from Rivoli,Italy, Graziano said that some of Mr Choudhary’s attackers had no connection with the company.
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But you're right...this is a joke. Nothing deliberate though. NO ONE has seen this set of circumatances before and NO ONE knows what to do.
A bunch of asshats in Washington made a lot of money off of this and now WE reap what THEY sowed.
No bailout. Let the market fail. Better to print more money and weaken the US dollar a little than to distort market forces even more...that is just unknown territory. -
You should agree with me more. Doesn't it feel great?
As Naomi Klein said, this is just a case of privatized profits, socialized losses. Outrageous.
It's clear now that Paulson really had no idea what he was doing. His reputation as being a genius does not apply to his handling of the bank failures. Early this year Jim Jubarek was forecasting a domino effect of bank failures even as Paulson and other pundits were saying the worst has past (when bank after bank was reporting quarterly losses averaging $4 Billion).
Now we're at the point where Paulson throws his hands in the air and demands unlimited funds to prop up the industry.
Let's be clear - Paulson and Bernanke are monumental fuckups.
But I can't fathom the tone of the language they're using. They're deliberately trying to scare the market and Congress. It's really irresponsible. You know how investors jump on every word and nuance coming out of the Fed's mouth. They're psychotic to use the language of panic in their testimonies.
But I think as this drags on - as it should, for Congress to really assess the benefits of the bailout - the market has stabilized itself despite the fear mongering. That's a good thing - no one is buying the sky is falling line.
Bush will be making a speech tonight - I have no doubt he'll echo Paulson and Bernanke's dire tone. When's the last time he made a speech? January? He's about to leave office and now is his opportunity to promote fear and bully Congress into giving him that blank check.
The only saving grace is that the people, and Congress, are wise to their deceptions. -
Be in no doubt neither McCain or Obama are going to want to tell Bush,Paulson and Bernanke to fuck off and be left with the blame IF the Markets do crash and crash hard. So there will more than likely be a bailout deal of SOME sort, like it or not.
But both Campaigns are almost in lockstep at the moment with their positions on what the bailout needs to include so the chances are that Independent Oversight and limits on Executive bomuses will be in there somewhere. They have the upper hand in congress and should be able to push HARD for their own terms if they have to accept this bailout. Obama wanted a proportion of the Bailout for Homeowners as well as Taxpayers protected so wil that get in their or not ?
Will scare tactics work ? And will Bush risk panicking the Markets tonight with a Doomsday scenario ? -
right after Bush's mushroom cloud speech tonight is to say to the American people: We will work this out. This will happen, and it will happen in a way that protects all Americans. Stay patient as we work this through.
Or something to that effect, to neutralize Bush's fear mongering. -
Count on it. Think about it - there is no other reason for him to give a speech. Even when this the market fell 950 points over two days he only gave a brief statement. His ONLY goal with a full-on primetime speech is to instill fear and push for this invasion of Iraq.
I mean, bailout. -
Obama calls him directly to offer a temporary truce and delay on the debate to concentrate on the bailout ... and McCain immediately issues a press statement to that effect in order to make him look good.
Fucker has no honor. -
because of the financial crisis?? what exactly is he going to do? plus I would like a president who can handle more than one thing at a time.
THIS IS THE MAJOR TURNING POINT OF THE ELECTION. -
I was wondering if the debates would go forward with this shitpile mounting.
There is at least SOME agreement on big principles from McCain and Obama and that is the biggestt weapon which will be used to counter the Bush fear mongering.
But I think the relief for Homeowners and anti-foreclosure measures could be the kicker. I haven't heard McCain pushing for this yet and if tries to paint himself as the only one interested in Bi-partisan agreement but nixes that one he's gonna have a problem on his hands in the Campaign.
Congress is going to be put to the test though as this Bill would be a fucking nightmare even without Bush and Paulsens Bullying an Election round the corner and unpredictable jittery Markets looking for maximum pie. -
Read more. Then read some more. A lot of you guys don't know what you're talking about. I'm not gonna attempt to explain the whole thing here, but suffice to say, there is a lot of ignorance out there that could be solved with a little diligent reading.
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what a pussy he is, bad enough he gave away military secrets in exchange for his release, but now he wants to stall the debate by using the economy as an excuse? fuck that ol fart.Bam is still going forward with the debate.As Hellraiser's Pinhead once said; "Save your tears.."!I wanna see Johnny's ass het handed to him on prime time.
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Months ago, McCain wanted 10 town hall style debates. Obama declined.And after 5 years of coercion, I think I'd give up my own mother's dignity in exchange for release. YMMV.
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