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Oh, this twit finds derivatives too complicated? Why am I not surprised. BTW, derivatives are not too complex so much as new derivatives are just very poorly created. Leave it to the found of Old LAME to not understand the difference.

Anytime I can pass along humorous (because it's true) stuff, I will. Totally agree with your assessment of the situation. The people partying in the streets and calling us party poopers were the same people leveraging to infinity to buy houses in 2005 because "the prices are just going...

Thanks! I got in an email and didn't know where it originated. Brilliant stuff, though.

GM chapter 11 = PRICED IN 125K+ jobs lost from GM chapter 11 = PRICED IN unemployment @ 9% = BETTER THAN EXPECTED unemployment @ 10% = DOW SOARS unemployment @ 11% = GREEN SHOOT RALLY unemployment @ 12% = ALREADY FACTORED IN unemployment = 35% = DOW DROPS 100 POINTS Governme nt spends 1...

Because he was a thief.

sigh....first, allow me to point out that Obama chose to keep that when he came to office. So, he made a conscious choice to let that stand, which means that he agrees with it. Second, while the surveillance act is limited to terrorist suspects, This is the the white house telling people to...

Yep....but to be fair to the president (he's not my choice, but let's be fair) - The current Democrat party in power in congress has a lot to do with this. The president can't do this all on his own. But, watch what you say.... http://www.whitehouse.gov/blog/Facts-Are-Stubborn-Things/...

Yes, people in the late 1990's were similarly euphoric. Beware another bubble.

You had me until you said "without strings attached". First of all, there are a million strings attached. Second, all of them result in the screwing of the CUSTOMERS of the firms and handing competitive advantage to foreign banks. Our politicians should not be deciding how to spend our...

You're right. I've seen the light. It was letting people keep more of their earnings that brought down the U.S. financial system - not subprime lending and corrupt politicians of all stripes.

Unfortunately, this is a problem of public choice - the incentives for politicians. The populations of France, Germany, Italy, etc. are healthy but they still have very very crooked politicians. Power corrupts.

Well, they could have done a better job than maybe cash for clunkers (if we feel like paying you). If they wanted money in people's hands to spend and invest ASAP, the fastest way is to cut taxes. People's take-home amounts increase instantly. Yeah, but that way they can't use money from...

Hey, you forgot the 50 million who will simply flee the country. If we have Europe's health care system (this bill proposes one worse than Europes, but never mind. Who's going to read it anyway?), we should at least expect Europe's brain drain. Yep. Liberals are so terrified of Republicans...

yep. Just imagine the backlog when they're running health care for 300 million people.

You know, this program ran so well, perhaps we should let them have a go at running health care.

<s>obama</s>

Oh, it's even worse than that. If the plan you currently have has to so much as raise premiums to cover costs, that constitutes a change in plan and you have to switch to the government plan.

Sort of. There aren't 40 million uninsured, btw. There are only about 8-10 million who really just don't have access to insurance. The rest either can afford it but choose not to buy it, are illegal immigrants or qualify for SCHIP or medicaid but aren't enrolled (which begs the question -...

So, we can't Blame Bush? I'm sure he will be happy to know that.

I never thought I would miss George Bush (I or II). Obama has done it in six months. At least he's efficient.