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Paul S

This may be a tad off topic here, but while reading this post, I recall the presidency of that great Republican, Ronald Reagan. I WILL admit, he did cut taxes--for the rich. AND: Ronnie almost tripled the national debt, from $1 Trillion when he entered office to about $2.6 Trillion when he left office. It just floors me that people think of Reagan as a conservative, let alone a fiscal conservative. No wonder the country is going bankrupt. Sorry if I am veering off topic, but there is such a disconnect between fact and reality. WHEN will people wake up?

mad mike

there is no limit to human greed and folly. (tm)

Elaine Meinel Supkis

Paul, you are right.

Before Reagan was shot by a Bush family friend [HAHAHA how many people know THAT???] he used to tool around DC in this big motorcade. He loved this and would wave to everyone.

I was in DC on business, visiting Senator Kennedy, with two children. The first time they saw Reagan they waved back. But as the day wore on and we kept running into Reagan AND the SS forced us aside, the children began to grumble.

Then, outside the Senate, we ran into him AGAIN! This time, one of the children said, 'I hope we never cross paths again!'

A month later, Reagan was shot. After that, he didn't tool around DC much anymore.

Teddy

Larry Summers, secretary of treasury for the last year and a half of the Clinton regime after Robert Rubin left, was on 60 Minutes last Sunday when the topic was foreign wealth funds. He said it was paramount that we have foreign investment in this country otherwise the dollar would go down in value and interest rates would rise dramatically. Actually Larry, that, in effect, is what will happen anyway when we ultimately are forced to pay back our foreign debts. The money that's coming in from foreign sources is from a huge US trade deficit that destroyed our manufacturing base and is now destroying by outsourcing our white collar jobs. That money is not being used for productive things in this country since it goes to Wall Street which loads the nation with debt and gives itself an unconscionable bonus for doing so.

Teddy

I see that Bill Clinton has been exposed for collecting big money while promoting the free trade agreement with Columbia, the same agreement that Hillary just fired her campaign advisor Mark Penn for being involved in. Both Clintons made big money by selling out their country with NAFTA and then WTO. And Obama's economic advisor is Bill Daley, Mayor Daley's brother, who was a major force in Clinton's cabinet when NAFTA was passed. Mayor Daley has sold the Chicago Skyway, a tollroad, to foreign interests who are increasing tolls at a 12.5% yearly rate. Mayor Daley is now planning on selling Midway Airport to possibly the same foreign group to pay for major shortfalls in his budget.

Ed-M

"Mayor Daley has sold the Chicago Skyway, a tollroad, to foreign interests who are increasing tolls at a 12.5% yearly rate. Mayor Daley is now planning on selling Midway Airport to possibly the same foreign group to pay for major shortfalls in his budget."

12.5% yearly rate increases! How long before the foreign interests decide to sell because everyone is taking the Dan Ryan X-way instead of the tollway?

Dutch

Thats right! We have the best government money can buy! It really doesnt matter who runs for office!

Dutch

This presidential election is about banks fighting over drug money revenue. Take your pick, New York or Chicago?

Dutch

Cocaine that's worth $1 million on the street weighs about 44 pounds (20 kg), while a stash of U.S. dollars worth $1 million weighs about 256 pounds (116 kg).

Hyper-Inflation is GOOD!!!! HAHAHA (Now if helicopter Ben can just print us some 10,000 dollar bills.........)

Dutch


money.howstuffworks.com/money-laundering.htm

Dutch

And the common citizen wants to fight over the slush run off from this? This is financial cannibalism at its finest. Look at the misery index this has created, it will destroy us all at the very least. When hard times hit, the government looks to Pharmakeia (free trade in columbia). All it takes is for people to get off of the dope. To legalize it ,is to waive the white flag of surrender.

OC

Dutch,

Cocaine prices goes up with inflation, USD don't - it falls in value daily.

Elaine Meinel Supkis

Drug costs go up according to what the cops are doing. If they look the other way, it is cheap. If they crack down, it gets very profitable. This is why all these drugs are kept very illegal. The money just flows and flows.

Elaine Meinel Supkis

Testing

Teddy

Ed-M, maybe the foreigners will then buy the Dan Ryan to create a monopoly. The Indiana Toll Road was bought by the same group.

OC

Elaine,

Seems like it's hyperinflation that Ben has chosen for us; why are we not surprise??

Who Will Bail Out the FED?

http://www.safehaven.com/article-9920.htm

Elaine Meinel Supkis

They [our stupid rulers] hope the pirates will bail out our sinking ship. Isn't that pathetic?

Ed-M

It IS pathetic, Elaine! Those stupid pirates won't be able to bail us out, they're sinking as well and need someone to bail THEM out! (Their hallucinated "wealth" is all dollar denominated, I believe.)

Paul S

I read the article linked to the Safehaven site. Who will Bail out the Fed? Of COURSE we the taxpayers will. The question is, why will this be allowed to happen? IMHO, all you have to do is listen to the morons on talk radio. In particular those two corporate fascists Rush Limbaugh and Sean Hannity. (Question: which of these two is the bigger idiot?) It just galls me when these two have a heart attack over talk of raising the minimum wage,but write a check to JP MOrgan for $280 billion? No problem. Amazing. Absolutely amazing.

Elaine Meinel Supkis

JP Morgan writes their checks, of course.

Ed-M

Elaine, it appears to me, then, that JP Morgan doesn't write any checks for the ultranationalist Michael Savage. Of all the right-winged fascist talk show hosts, he is the only one I know who has denounced these kinds of corporate buyouts. Which is why in my town, he's usually preempted for "sports."

Ed-M

I meant bailouts. But buyouts is also an appropriate word even though they're really grand larcenies. Like that of Bear Stearns by JPMorgan's pirates.

Elaine Meinel Supkis

Probably right.

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