tag:blogger.com,1999:blog-3397167328061019765.post1159129376244044126..comments2024-01-16T03:55:26.266-05:00Comments on Welcome to Pottersville 2 (Blogging Against Fascism!): "We're Doomed!" The Bankruptcy of the United States is Now Certain (The Greenspan-Guidotti Rule Revealed)Cirzehttp://www.blogger.com/profile/07070125217972397204noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3397167328061019765.post-15571150340104937262010-02-14T10:10:46.471-05:002010-02-14T10:10:46.471-05:00Suzan,
Great post. Keep it up!
SPSuzan,<br /><br />Great post. Keep it up!<br /><br />SPServing Patriothttps://www.blogger.com/profile/14984393452206039835noreply@blogger.comtag:blogger.com,1999:blog-3397167328061019765.post-81679579575434746182010-02-12T20:13:41.186-05:002010-02-12T20:13:41.186-05:00Hi Suzan,
Professor Michael Hudson is so on the p...Hi Suzan,<br /><br />Professor Michael Hudson is so on the pulse of this economy. The guy is really smart. Unfortunately, the neo-liberal economic barn burners in Washington are not listening.<br /><br />Saw your profile. Have you been listening to the Live Astral Weeks-Van Morrison recording? I love it. It is my cd of the year!!!<br /><br />jerry <br /><br />http://eye-on-washington.blogspot.commuralsignshttps://www.blogger.com/profile/07892531198621839798noreply@blogger.comtag:blogger.com,1999:blog-3397167328061019765.post-18010575715982684462010-02-12T01:14:01.273-05:002010-02-12T01:14:01.273-05:00I know it is hard for people to face reality...but...I know it is hard for people to face reality...but what they see now, is what I saw and went through since 2006, when those Republican thieves did this. I knew it would come to this. When a tiger asks you to dance...you dance.<br />If we clam up and don't have the balls to man up and ride this puppy out, then we deserve what the Republicans perfectly planned and executed.<br />They knew they were driving us off the cliff, they knew this would happen, they knew they would try to hang this on the President and they planned all along to say no to everything and be obstructionists, now they scream in our ear to stop the music...no we can't stop. When you are halfway through the tunnel, you can't chicken out and go back. This is the last crucial part of their plan, to force us into a depression, just to win an election. Do you think they can solve it if they are re-elected? With voodoo economics? Even Papa Bush called it that...even he knows how to count his money...Nazi money... read about it, http://www.rense.com/general26/dutch.htm <br /> <br />The Republicans have not left a surplus for a long while, what makes you think they will if they are re-elected? They are the morons who did this. We have always been distracted by Republicans...and they are doing it right now. Listen to them...anything they say ...do the opposite, we will stand a better chance. We are playing chicken...so do not blink. Forget the bonuses for the fat cats, that is something you can fight when you have regained your economic health, right now, stay in bed, take your medicine, and let the Doctor do his job, whether it be to give Wall St. some slack to get some wiggle room to get out of the corner, or whatever else it takes. The Financial sector runs the world...so we/he has to play ball right now. We will become stronger and we can then change the rules, for now we have to play the hand...he has to play the hand, we have to have courage, patience and confidence that we will prevail over Republican mischief. <br />Remember who caused this... don't let them distract you with their talking points and sound bites...that is for their neanderthal followers. Anything Rush and the clan says...the opposite is true.Teeluckhttps://www.blogger.com/profile/07436834652576541130noreply@blogger.comtag:blogger.com,1999:blog-3397167328061019765.post-31048431164361934542010-02-11T14:40:37.630-05:002010-02-11T14:40:37.630-05:00Pinch me---I'm in the middle of a nightmare! I...Pinch me---I'm in the middle of a nightmare! I can't believe Obama would make such a ridiculous and obviously politically-motivated statement! Taxpayers want and deserve blood from Wall Street and they're not getting it.<br /><br />You know, I don't begrudge water, either, unless it's been poured down my throat to the point where it's filled half my lungs (and I'VE been the one pouring it)!<br /><br />We deserve blood and we had damn well better get it! All those gambling con-men extortionists must PAY!Jack Jodellhttps://www.blogger.com/profile/02165430903903838990noreply@blogger.comtag:blogger.com,1999:blog-3397167328061019765.post-21729799590476573642010-02-11T09:11:48.140-05:002010-02-11T09:11:48.140-05:00david merkel says our choices are default, inflati...david merkel says our choices are <a href="http://alephblog.com/2010/02/07/default-inflation-higher-taxes-choose-one/" rel="nofollow">default, inflation, or higher taxes</a><br />quoting him: So, what do we do about it?<br /><br />1) Raise Taxes. I don’t like this idea, because the US Government has entered many areas where it should not be. I would rather see the discretionary government shrink considerably. Also, remember, Social Security and Medicare are not guaranteed. Congress could wipe out all benefits tomorrow, and face a political firestorm. But remember, in the Great Depression, that is just what they did. This is why I don’t insist that rates must head higher. It depends on society as a whole.<br /><br />Raising taxes has the perverse result of slowing economic growth, which affects future taxes.<br /><br />2) Inflate the currency. Ugh. Oppress the elderly, who cannot work to make up the difference? Create a new inflation mindset that has all of us focusing on the short-term. Inflationary economies by their nature become more and more short term.<br /><br />3) Default on obligations. There are several forms of this:<br /><br />a) Total default: anyone with a Treasury Note is a sucker. Global depression ensues.<br /><br />b) External default: we do not honor external obligations, but honor internal ones. Global depression ensues, but the US does relatively well.<br /><br />c) Internal default: what, are you joking? Why do we pay off the losers who lent to us?<br /><br />thats a start, but i see im gonna have to work on putting together a post on this...theres too much misunderstanding out there...rjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.com