The Presently Occurring Economic Collapse .

He wanted everyone to hand their Social Security over to Wall Street. It'll be great they said!

McCain was in on that too.

Someone investing in the DOW the day Dubya took office would have made 1.1% per year on their investment up to the day he leaves office. That person would have actually lost quite a bit, considering inflation.

Republicans are in fact, good with money. Just not YOUR money.
When Obama returns, I foresee something like this:

"Yes, I was wrong about the surge. UNderstand that, until then, the higher level people were constantly wrong. THis guy named Rumsfeld, for example. That said, who wanted to take YOUR social retirement and give it to Wall Street? Which is currently being hammered and even seeing RUNS on banks for the first time since the Great Depression?"
Sometimes I find myself wondering how our woes seem to the rest of the world. What do they think of our complaints?
"Gah! They lent me too much money!"
"I got a house I can't afford! Woe is me!"
"I can't fill up my SUV that cost six Third World villages! The injustice of it all!"
How does this play in, say, Darfur?
At oxfam we use a couple of reference amounts to illustrate what your money over there can actually get people. For just 25 euro a family in a crisis zone (such as Darfur) can get temporary housing and cooking and sanitary supplies. For 250 an entire village can get a pharmacy stocked with the most essential medicines. Kinda puts things in perspective.
quote:
Originally posted by John Maddox Roberts:
Sometimes I find myself wondering how our woes seem to the rest of the world. What do they think of our complaints?
"Gah! They lent me too much money!"
"I got a house I can't afford! Woe is me!"
"I can't fill up my SUV that cost six Third World villages! The injustice of it all!"
How does this play in, say, Darfur?


How did late era Imperial Rome strike, say, the subjugated Jews and other barbarians?

If I were wealthy, just once on Gib's birthday, he'd see skywriting above Vancouver that said:

BUNCHA YUPPIE PUSSIES!!!

Maybe we could all pitch in.

Do it for the Gibber.
You guys aren't fucked, you're too big to fall (and I say that as a non-American).

You've just had an easy ride for a few decades, and that's about to change.

Get your debt sorted, make some more friends, and join the party!

PS - And grab a beer while you're at it, I recommend Amstel.
quote:
Originally posted by lithos:
Oh, "world's last superpower" indeed.

There's alway China.


I'm not so sure anymore regarding the inevitability of China being the next super-power.

There's been some amazing progress over the past decade to be sure, but they've got some serious environmental/demographic/political issues to sort out before they start to rival the USA at it's peak.

I'm guessing we're returning to a multi-polar world (correct terminology?) where China will be a big player, but just one of several.
The war has largely eclipsed it now, but remembering back to the first months of the Bush presidency, before September, what it was remarkable for was (a) the rush to rip out legislation in every area from prudential legislation for banks to environmental protections and (b) the rush to deficit by offering massive tax cuts and also massively increasing spending. This is even before the war spending. The 9/11 terrorists won at least in part by getting Bush a second term.

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