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Nate Silver: 1. Nobody, absolutely nobody, has more incentive to get this right than the Obama Administration. If the economy collapses — well, more than it already has collapsed — then the Democrats get slaughtered in 2010 If the economy collapses, we’ll have way more to worry about than just a midterm election. This [...] This is just further proof, if any be needed, that the financial world has few if any moorings in anything even vaguely resembling to reality. Bloomberg: The dollar is rising based on speculation the bailout will fail, thus making the dollar a safe haven. Thus, in the eyes of the greedhead morons who created the [...] The Dow was down 4.5% and many financials got pasted and were down 10% and more. This is, I think, a good think. Apparently the bankers don’t think the bailout will be tossing them stacks of money after all. The Four Horseman of the Apocalypse Doug Henwood, in a fine rant, says the bank bailout announcement today might allow hedge funds to buy assets from the banks at cheap prices, guaranteed against loss by the government. I hope this isn’t really what will emerge. But if it is, the Obama administration will have [...] Robert Reich, Sec. of Labor under Clinton, says the price of the next round of bank bailouts will make the price of stimulus bill look small by comparison. A welcome change, indeed Make the right choices in The Bailout Game and you save the economy. But the wrong choices means that pickup filled with peasants citizens with pitchforks and torches will soon catch up with you. I’m guessing they have a shotgun rack too. [...] I Want My Bailout Money by Michael Adams the Health Ranger is available as a free download from his website. I want my bailout money Keep the bills coming Sweet green cash just drippin like honey I’m a new kind of thug with a Washington buzz ’cause Dealing debt pays better than dealing drugs [...] Socialist Unity If the left publicly opposes the bail out of the banking system, so that we are actually encouraging the collapse of the economy, the tens of thousands of redundancies that would entail, the poverty and homelessness, then we just prove that we are idiots who should never be listened to. There are, I [...] Please vote NO on the bailout package. It seems Wall Streets wants its $700 “or else” our retirement plans get shot in the head. But why rush to put so much control and money into their hands? Why not first consult with the over 200 academic economists, include four Nobel laureates, who signed a petition [...] |  | ||||
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