Conservative Thread: U.S. Steele - Back In Business

[Soarin08]

She is such a grouch; do you think anyone would be brave enough to give her a hug?

They might shrivel up and die if they touched her.

 

[SwedishMeatball]

 

[DisneyMomOK]

SM, you made my day!

 

[Soarin08]

 

[TLSnell1981]

Wall St.'s jaw hit the ground today. Geithner comes out with his "plan"...except...there are no details....just goals? He's had TWO AND A HALF MONTHS and still doesn't know what they are going to do!!!!!

This administration is sooooo INEXPERIENCED!!!!! It seems they really believed the words "hope and change" were going to fix it all...or at the least, thought "we'd" believe it.

OMG!!

WE ARE IN A LOT OF TROUBLE!! Obama's out "campaigning" for his
"spendulus" bill. It's all he knows how to do..be an empty suit and speak hollow words.

BTW. The Dow is DOWN 400 points. The Nas...almost 70...or over 4%. The second largest drop since January 20th. That wasn't the only awful thing that happened that day.

I guess, the libs are still pleased.

 

[wonderlanne]

and those of us who are renting because we did NOT buy big homes we could not afford get nothing.

or those of use who worked really hard to pay the mortgage off early...we don't get anything either.

hmmm....let's see...who would actually be benefiting from this...hmmmm.....

_

 

[Humphrey Bear]

 

[cindy_belle]

Something that I learned about Helen Thomas today that put it all in perspective for me is that she is from a Lebanese family. Now I understand where her bias is from. Don't like it but I get it.

I was watching this earlier and I had an incredible feeling of doom.

http://www.youtube.com/watch?v=_NMu1mFao3w


Currently burning up the tubes: Rep. Paul Kanjorski’s description, late last month, of how close to the brink the global economy came on September 18. That was the day, recall, when Congressional leaders emerged stunned from a meeting with Henry Paulson, and gave him broad authority to spend $700 billion.

Part of what he said:

On Thursday at 11:00 a.m. the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped a $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn’t be further panic out there.

If they had not done that, their estimation is that by 2:00 p.m. that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.

His final words give me a real chill.

Somebody threw us in the middle of the Atlantic ocean with out a life raft and we are trying to determine which is the closest shore and whether there's any chance in the world we can swim that far. We. Don't. Know.

My question is who is this "someone" and who has that kind of money to draw down so fast. To me (putting on tin foil hat) this is really scary that there is this "entity" out there that possibly performed economic terrorism that could have destroyed the U.S. and world.

I am so against conspiracy theories and this seems just too darn James Bondish but............

 

[Soarin08]

Wall St.'s jaw hit the ground today. Geithner comes out with his "plan"...except...there are no details....just goals? He's had TWO AND A HALF MONTHS and still doesn't know what they are going to do!!!!!

This administration is sooooo INEXPERIENCED!!!!! It seems they really believed the words "hope and change" were going to fix it all...or at the least, thought "we'd" believe it.

OMG!!

WE ARE IN A LOT OF TROUBLE!! Obama's out "campaigning" for his
"spendulus" bill. It's all he knows how to do..be an empty suit and speak hollow words.

BTW. The Dow is DOWN 400 points. The Nas...almost 70...or over 4%. The second largest drop since January 20th. That wasn't the only awful thing that happened that day.

I guess, the libs are still pleased.

to that post, Tink. And come on..... the libs (mainly the ones here) will likely never be displeased.

 

[Soarin08]

 

[wonderlanne]

Welcome back into office, President Carter....

hi.

 

[tinkryansmom]

UGH.

I don't even have to check to see how our great CA senators voted.

Disgusting.

Just signed up to go to my new countys GOP meeting. Gonna find out how they are gonna save the farmers and ranchers of this once great state.

 

[Humphrey Bear]

I like what O'Reilly said about Helen Thomas last night. He said "if someone would throw water on her, she would melt"!




Also a couple of years ago, Glenn's Fusion magazine did a special Halloween scary issue with a photoshoped centerfold of Helen Thomas in a bikini.

 

[Humphrey Bear]

Wall St.'s jaw hit the ground today. Geithner comes out with his "plan"...except...there are no details....just goals? He's had TWO AND A HALF MONTHS and still doesn't know what they are going to do!!!!!

This administration is sooooo INEXPERIENCED!!!!! It seems they really believed the words "hope and change" were going to fix it all...or at the least, thought "we'd" believe it.

OMG!!

WE ARE IN A LOT OF TROUBLE!! Obama's out "campaigning" for his
"spendulus" bill. It's all he knows how to do..be an empty suit and speak hollow words.

BTW. The Dow is DOWN 400 points. The Nas...almost 70...or over 4%. The second largest drop since January 20th. That wasn't the only awful thing that happened that day.

I guess, the libs are still pleased.

Stocks plunge as government unveils bailout plan

By TIM PARADIS, AP Business Writer Tim Paradis, Ap Business Writer –

NEW YORK – Investors are frustrated with the government's latest bank bailout plan — and showing it by unloading stocks. The major stock indexes fell more than 5 percent Tuesday, including the Dow Jones industrial average, which tumbled 382 points. Financial stocks led the market lower, reflecting Wall Street's growing concerns about the government's ability to restore the health of the banking industry.

Traders and investors said the lack of specifics from Treasury Secretary Timothy Geithner on how the government would direct more than $1 trillion in public and private support was troubling.

The plan is aimed at restoring proper functioning to credit markets, which seized up over worries about bad debt after the September bankruptcy of Lehman Brothers Holdings Inc. The latest plan calls for a government-private sector partnership to help remove banks' soured assets from their books.

The plan also would boost an effort to unclog the credit markets that govern loans to consumers and businesses. Funding for the effort would jump to $100 billion from $20 billion.

"The good news is they are going to spend a trillion dollars, the bad news is they don't know how," said James Cox, managing partner at Harris Financial Group.

"They built this up as being a panacea," he said. "There was so much hope pinned on them to do a good job. The expectations have been so high. It's hard to live up to."

Investors also questioned whether this plan, which followed previous efforts in the final months of 2008, would work. Some selling was to be expected, however, as stocks rose sharply last week ahead of the announcement.

Geithner's speech "basically puts a spotlight on the fact that the government has no idea how to fix the problem," said Jeff Buetow, senior portfolio manager at Portfolio Management Consultants. "People bought on rumor and hope, and now they're selling on reality."

Investors focused on the financial rescue showed little reaction to the Senate's approval of its $838 billion economic stimulus package. The bill must now be reconciled with an $819 billion version passed by the House. Congressional leaders hope to have the bill on President Barack Obama's desk before a recess next week.

"The economy is in deep trouble. The stimulus plan is not very stimulative. It's not addressing the real problem," Buetow said. "We have an insolvent financial system. The government is trying to find a comprehensive way to save it. They can't afford to just throw money at it. That's what they tried to do in the fall and that clearly did not work."

Stocks extended their slide after Federal Reserve Chairman Ben Bernanke didn't elaborate on the plan in testimony at a House Financial Services Committee hearing. Instead, Bernanke said the programs designed to revive the credit markets are showing promise and that any fix to the worst financial crisis since the 1930s would take time to work.

According to preliminary calculations, the Dow industrials fell 381.99, or 4.62 percent, to 7,888.88.

Broader stock indicators also tumbled. The Standard & Poor's 500 index fell 42.73, or 4.91 percent, to 827.16, and the Nasdaq fell 66.83, or 4.20 percent, to 1,524.73.

The Russell 2000 index of smaller companies fell 22.17, or 4.74 percent, to 445.77.

Declining issues outnumbered advancers by about 6 to 1 on the New York Stock Exchange, where volume came to 1.76 billion shares.

Bond prices jumped as investors sought the safety of government debt. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 2.83 percent from 2.99 percent late Monday. The yield on the three-month T-bill, considered one of the safest investments, slipped to 0.31 percent from 0.32 percent late Monday.

http://news.yahoo.com/s/ap/20090210/ap_on_bi_st_ma_re/wall_street

 

[TLSnell1981]

Something that I learned about Helen Thomas today that put it all in perspective for me is that she is from a Lebanese family. Now I understand where her bias is from. Don't like it but I get it.

I was watching this earlier and I had an incredible feeling of doom.

http://www.youtube.com/watch?v=_NMu1mFao3w


Currently burning up the tubes: Rep. Paul Kanjorski’s description, late last month, of how close to the brink the global economy came on September 18. That was the day, recall, when Congressional leaders emerged stunned from a meeting with Henry Paulson, and gave him broad authority to spend $700 billion.

Part of what he said:

On Thursday at 11:00 a.m. the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped a $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn’t be further panic out there.

If they had not done that, their estimation is that by 2:00 p.m. that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.

His final words give me a real chill.

Somebody threw us in the middle of the Atlantic ocean with out a life raft and we are trying to determine which is the closest shore and whether there's any chance in the world we can swim that far. We. Don't. Know.

My question is who is this "someone" and who has that kind of money to draw down so fast. To me (putting on tin foil hat) this is really scary that there is this "entity" out there that possibly performed economic terrorism that could have destroyed the U.S. and world.

I am so against conspiracy theories and this seems just too darn James Bondish but............

Methinks, Chicken Little screeched a little to loud and long. He was down in the polls. He and the MSM needed to create a panic. The "people" trusted "the one" with the economy.

I'm not saying that's the only factor...but I do believe is WAS part of it.

 

[wonderlanne]

Gas has been $1.91 for the last couple of weeks here. I haven't seen prices today.

we're between $2.13 and $2.59.

 

[Soarin08]

I like what O'Reilly said about Helen Thomas last night. He said "if someone would throw water on her, she would melt"!




Also a couple of years ago, Glenn's Fusion magazine did a special Halloween scary issue with a photoshoped centerfold of Helen Thomas in a bikini.

Thanks Humphrey!!! Now I'm gonna have nightmares!!!

Uhhh.... yeah, Glenn ain't too happy about the passing of the porkulus package. I'm not surprised.

 

[wonderlanne]

Agreed.

I saved your tired smiley. It's adorable!! Now, got any good sick ones (not pukey sick, just like I've-got-a-cold sick)??

 

[wonderlanne]

She is such a grouch; do you think anyone would be brave enough to give her a hug?

maybe a HUGe kick in the pants.

 

[Soarin08]

That looks more like a someone-just-died-I'm-crying smiley. But it's still flippin' cute!!!