McCain/Palin v. Obama/Biden

[MrSpitz]

Originally Posted by Snugglebear

I can't believe you lameasses have 40 minutes to waste watching a video. Then again...

With the polls nearly even, I'm scurred. The public radio here did one of those unbiased interviews with multiple random people. A lot of dumb white rednecks still believe Obama is a Muslim. Or they don't believe he represents rural white Americans. Only two people would vote for Obama out of all those interviews: one was half black, the other was some old black woman. Of the white folks here, I'd say a good percentage of them are using anything as an excuse not to vote for the black guy. And a few just don't care and come right out and say they won't vote for a black guy. If West Virginia can be used as a bellweather for the rest of the states with large populations of retarded broke white people, the Democrats are in trouble.

HOLY FUCK REDNECKS RUINING AMERICA GOOD THING IM INFORMED AND OPEN BUT FUCK THEY MUST BE RACIST

[MrSpitz]

Honestly though, it doesn't matter who wins anymore. It just doesn't.


Taxes will be raised.
Iraq will wind down due to cost.


Nothing else significant will happen.

One trillion dollar bailout.., on top of this deficit nothing is going to happen, and no one is going to be giving out tax cuts.

[earthfell]

Originally Posted by MrSpitz

Honestly though, it doesn't matter who wins anymore. It just doesn't.


Taxes will be raised.
Iraq will wind down due to cost.


Nothing else significant will happen.

One trillion dollar bailout.., on top of this deficit nothing is going to happen, and no one is going to be giving out tax cuts.

Too simplistic for such a complex and dynamic world.

[renaissance]

The American government is going to make BILLIONS with a B off of this 'bailout'. People against it are fucking off their rockers.

$85 Billion for an 80% share of the largest insurance provider on the planet? Can you say 'bargain'?

[chu]

Originally Posted by renaissance

The American government is going to make BILLIONS with a B off of this 'bailout'. People against it are fucking off their rockers.

$85 Billion for an 80% share of the largest insurance provider on the planet? Can you say 'bargain'?

Hey, whats 80% of worthless?

[Szlia]

Originally Posted by MrSpitz

It's a fucking yahoo news article by one of their own editors who is utilizing a negative term that to the average reader evokes awful images and a revolting tone toward Iraq. They could have easily used 'Sunni population displacements away from traditional cities, which are Shiite dominated, have been instrumental in lowering the violence'. Notice how different that is without the terms 'ethnic cleansing'?

'Sunni happend to all go on vacation at the same time so the violence stopped' is also different and not less ridiculous. A minority that flees a city and its violence is not a mere "population displacement" and it better evokes "awful images" when you talk about it.

So that's great that the technical definition has some lee way but that's not applicable to the article or its strategy, or why its shitty.

Except when, according to the article, Shiite are rendering Baghdad ethnically homogeneous by using force and intimidation that make Sunni leave the city, which is the exact definition of ethnic cleansing as used by the UN. You can of course contest the conclusions of the UCLA researchers, but attacking yahoo because they called a spade a spade (especially when it seems that particular spade comes straight from the UCLA report) is pretty much a fallacy.

[Malakriss]

Originally Posted by chu

Hey, whats 80% of worthless?

80% more than wasted on nothing.

[renaissance]

Originally Posted by chu

Hey, whats 80% of worthless?

You're kidding me, right?

You think AIG is going to close its doors on its $1.1 TRILLION dollars in assets, and 74 MILLION clients? Or, is it gonna take the $85 billion that is good for the next two years, and then be happy to pay the 11.5% interest that the government demands?

AIG is going through a period of drastic financial trouble... so it is worthless? Here's my portfolio, friend. Use your financial genius to make me millions!

[chaos]

Aren't they forcing AIG to sell off it's components to pay the loan off?

[renaissance]

Originally Posted by chaos

Aren't they forcing AIG to sell off it's components to pay the loan off?

They aren't forcing anything except 11.4% interest after two years. After that, the juice on the $85 bil starts flowing. If they have to sell off their assets, so be it. But they could come up with the coin through other avenues.

The issue is, AIG has been given something more important than money. It has been given time. If the government demanded repayment of the loan immediately, AIG would be forced into a clusterfuck firesale of its assets, and as we all know, a desperate seller won't get top dollar.

Because they have been given time, they can come up with a viable financial strategy that will be best for everyone. Including the taxpaying public.

Just for an example, one of AIGs holdings, an aircraft leasing business, owns a fleet of 1000 planes valued at over $50 billion, which made an income of $550 million from January-June of 2008. There has already been interest in purchasing this company according to the WSJ. AIG has more than enough assets to secure this loan. Hell, it's not even really a loan since they took a stake in the company. They pulled the same shit with Continental Illinois bank in 1984 and made a pretty penny.


In short, don't panic.

[chaos]

I thought I had read that they were going to sell their shit, may have just been bullshit analysts conjecturing though.

I think it's a big stretch to try and turn the bailouts into a positive, as far as the budget goes. Especially with them now talking about a half a trillion dollar package, what in the fuck, I mean where does that money come from? I understand that not all debt is necessarily bad and all that, especially on a national scale, but that is a big fucking chunk of change.

[renaissance]

Originally Posted by chaos

I thought I had read that they were going to sell their shit, may have just been bullshit analysts conjecturing though.

I think it's a big stretch to try and turn the bailouts into a positive, as far as the budget goes. Especially with them now talking about a half a trillion dollar package, what in the fuck, I mean where does that money come from? I understand that not all debt is necessarily bad and all that, especially on a national scale, but that is a big fucking chunk of change.

It comes from you, unfortunately.

I think it's something like the government taking a $3200 check from every American taxpayer.

I'm not trying to make it a positive, but it's certainly not as negative as everyone thinks. What would have been REALLY bad is if they hadn't gone ahead with this 'bailout'. Mind you, it would have been fun in 6 months listening to 'fiscal conservatives' SQUEAL for government intervention (or complain about the lack thereof).

I don't think people realize what it would have meant if AIG went under in a chaotic way. Ya know that aircraft leasing corp I mentioned? Well, they have a backorder from Boeing for more than 100 aircraft. If that company were sold for cheap, as it would have been, that contract would be gone. Boeing would lose millions, pass it on to other clients (airlines), who would in turn lose money, and would pass it on to customers via even higher air travel prices.

Don't be mad that it was done. It was the right choice. Be mad that it HAD to be done. I'd start with directing my anger at a lame duck incarnation of Bill Clinton in 1999, and the deregulatory monster that was the Bush Administration 2000-08.

[Schatze]

Hey, notice the people who have been waving their hands since Regan and invoking the magic free market and distrust in government are now for government being more competent than private creditors/investors?

Private creditors/investors wouldn't touch BSC--> AIG with a 10 foot pole. But the government knows better than them, for some magic reason, all of a sudden, so now the magic free market is now inferior to the government in regards to financial concerns.

Which is it? Oh yes. Policy proposed by (R). How dense of me.

P.S. If you think mislabeled real estate securities are undervalued, by ALL MEANS, put your money where your mouth is. It's a buyer's market! I've also got a house to sell you, 'cause home values are about to start climbing after a minor market correction!

[Jedite]

MCCAIN FOR THE FUTURE!
McCain on banking and health - Paul Krugman - Op-Ed Columnist - New York Times Blog

/FACEPALM!

[gn0me]

Originally Posted by Jedite

MCCAIN FOR THE FUTURE!
McCain on banking and health - Paul Krugman - Op-Ed Columnist - New York Times Blog

/FACEPALM!

That sounds almost as genius as privatizing social security!