posted
Unfortunately, the Bushes of the world will still be very much a part of the "behind-the-scene" power structure. The Bushes have stolen so much loot over the last 8 years, it's impossible for them to not be very influential by buying any politician they need.
As the Bernard Madoff scandal has just revealed, a mere handful of Jews collectively controlled $50B dollars. A drop in the bucket of the resources they actually control.
Posts: 3595 | From: Moved To Mars. Waiting with shotgun | Registered: Dec 2006
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posted
Myra, More niave remarks on your part. President Bush has filled the federal courts with young conservative judges that will be influencing your life for the better for years and years to come. Plus Mr. Obama is doing exactly what all Presidents do, moving right of center, especially in foreign policy. The Bush forehn policy will not miss a beat under this new administration. I have told you since the 2006 elections, "watch what they do, not what they say."
Posts: 2069 | From: Texas | Registered: Sep 2008
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Willem Buiter warns of massive dollar collapse Americans must prepare themselves for a massive collapse in the dollar as investors around the world dump their US assets, a former Bank of England policymaker has warned.
By Edmund Conway, Economics Editor Last Updated: 3:05PM GMT 06 Jan 2009 MPC founder member Willem Buiter. MPC founder member Willem Buiter. Photo: CHRISTOPHER COX
The long-held assumption that US assets - particularly government bonds - are a safe haven will soon be overturned as investors lose their patience with the world's biggest economy, according to Willem Buiter.
Professor Buiter, a former Monetary Policy Committee member who is now at the London School of Economics, said this increasing disenchantment would result in an exodus of foreign cash from the US.
The warning comes despite the dollar having strengthened significantly against other major currencies, including sterling and the euro, after hitting historic lows last year. It will reignite fears about the currency's prospects, as well as sparking fears about the sustainability of President-Elect Barack Obama's mooted plans for a Keynesian-style increase in public spending to pull the US out of recession.
Writing on his blog , Prof Buiter said: "There will, before long (my best guess is between two and five years from now) be a global dumping of US dollar assets, including US government assets. Old habits die hard. The US dollar and US Treasury bills and bonds are still viewed as a safe haven by many. But learning takes place."
He said that the dollar had been kept elevated in recent years by what some called "dark matter" or "American alpha" - an assumption that the US could earn more on its overseas investments than foreign investors could make on their American assets. However, this notion had been gradually dismantled in recent years, before being dealt a fatal blow by the current financial crisis, he said.
"The past eight years of imperial overstretch, hubris and domestic and international abuse of power on the part of the Bush administration has left the US materially weakened financially, economically, politically and morally," he said. "Even the most hard-nosed, Guantanamo Bay-indifferent potential foreign investor in the US must recognise that its financial system has collapsed."
He said investors would, rightly, suspect that the US would have to generate major inflation to whittle away its debt and this dollar collapse means that the US has less leeway for major spending plans than politicians realise.
Posts: 3416 | Registered: Oct 2007
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Give it a rest, Myra, Bush is gone and please prepare yourself for the next four years. Don't think that the grass is greener on the other side with a new Prez in the White House.
The day when you'll start to criticize Obama will come!!
Posts: 30135 | From: The owner of this website killed ES....... | Registered: Feb 2004
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Myra will not be critical of Obama Tiger. The nation could be in flames around her feet and she will defend him. To many of these people it is all about race. What really bothers her is that President Bush defeated her at every turn during his career. The positive thing for America is that Obama is going to carry on his policies. He had dinner last night with Bill Kristol, Rush Limbaugh and other conservative leaders. This will be a right of center administration.
Posts: 2069 | From: Texas | Registered: Sep 2008
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quote:Originally posted by TheAmericanPatriot: Myra will not be critical of Obama Tiger. The nation could be in flames around her feet and she will defend him. To many of these people it is all about race.
^ This sounds like self criticism to me. You are simply projecting here red neck.
Posts: 4165 | From: jamaica | Registered: May 2008
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From the 50 Most Loathsome People in America [Year 2008]
Nr. 13 - Joe Lieberman
quote:Charges: A fickle, flabbery fiend reviled by both parties, Lieberman somehow finds himself more powerful than ever, failing forward by virtue of the Democrats’ unfalteringly chumpish lack of discipline. After promising that he was “not going to go to…the Republican convention, and spend my time attacking Barack Obama,” Lieberman went to the Republican convention and attacked Barack Obama. But that was just the beginning of his descent into a self-dug hole of betrayal that should have proved inescapable. Lieberman thought it was “a good question” to ask if Obama was a Marxist. He campaigned not just with McCain, but with Palin and down-ticket Republicans, another thing he said he wouldn’t do. But the most loathsome trait Lieberman exhibits is that most loathsome of all: Smearing dissent as treasonous. The kind of suppressive asshole who would accuse you of helping terrorists by beating him at checkers should not be Chairman of the Committee on Homeland Security, and is not someone worth rewarding for his own dissent.
Exhibit A: “In matters of war, we undermine presidential credibility at our nation's peril.” “Sen. Obama doesn't come to this debate with a lot of credibility.”
Sentence: Lieberman awakes to find himself in the body of an impoverished Iraqi living in a small apartment with 12 family members and no electricity. Shocked by this inexplicable turn of events, he stumbles outside and cries to God, looking up just in time for the white phosphorous to hit him in the face.
Nr. 50 - Barack Obama
quote:Charges: Beyond a few token acts of bipartisan marketing, Barry's major duty in the Senate was to avoid legislating, so he could pretend Washington-outsider status and nullify attacks on his non-existent policy positions. That's the thing about Obama and his candidacy: He was a blank slate, the pinnacle of vapid public relations—onto which the benighted masses may project their sincerest, yet unfounded, hopes in the wake of the worst administration in history. Couldn’t disown Rev. Wright, until he suddenly could, and then marred his first moments as president ahead of time by inviting a pastor whose advice to gays is just to refrain from sex for life. Promised not to run for president, then did; vowed to take public election funds, then didn't; backed telecom immunity, then accepted the nomination at the AT&T sponsored convention; expressed displeasure with Clinton's hawkish foreign policy and vote for war in Iraq, then named her as Secretary of State. And despite all that, he's plenty affable. There's nothing more loathsome than a likable politician.
Exhibit A: “Yes we can” is the “Just do it” of politics.
Sentence: Presiding over the decline of an exhausted empire.
posted
Myra thinks that when Obama is aworn is a mist will spread across america and change us into Utopia. We have a magic negro from the bowles of the nations most corrupt city to lead the way.
Posts: 2069 | From: Texas | Registered: Sep 2008
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