STOP THE FEAR MONGERING

On Mar 2, 11:00*am, Bill C wrote:
On Mar 2, 1:03*pm, Kurgan Gringioni wrote:

The Dow opened at under 7000 today. The high was over 14,000.

Nothing the matter with the economy. Nothing at all.

STOP THE FEAR MONGERING!

Yep, guess if the government doesn't hand over trillions in pork
tomorrow to all the folks who got us into this, with little to no
oversight then we'll instantly, overnight become Etheopia which is
pretty much the line coming out of the WH on all this.
*Sorry, don't buy it. My guess is more measured, controlled,
thoughtful, action doesn't mean that the lucky ones will at least have
dog carts to drive next week if we go that route.
*This is the same as the AlQaeda and the Islamic Fundamentalists are
going to wipe out America as we know it and take over here if we don't
just sign a blank check for the Patriot Act and all the rest of the
**** that got passed in that panic.
*When they are insisting that Congressmen have to vote to pass this
without even giving them the time to read the thousands of pages,
"trust us", then that's beyond ****ed up, but hey if it works for you
folks.




Dumbass -

From:
http://www.bloomberg.com/apps/news?p...gGBH8rr4Y&refe....


snip


Buffett endorsed efforts by the U.S. to prevent the failure of
financial firms including Bear Stearns Cos., which was sold to
JPMorgan Chase & Co. The U.S. is being called to commit more capital
to ailing financial companies after the $250 billion in aid it
originally allocated last year failed to staunch losses on soured
loans at regional lenders and the biggest banks.


Avoiding Cataclysm


“Whatever the downsides may be, strong and immediate action by
government was essential last year if the financial system was to
avoid a total breakdown,” Buffett said. “Had that occurred, the
consequences for every area of our economy would have been
cataclysmic. Like it or not, the inhabitants of Wall Street, Main
Street and the various Side Streets of America were all in the same
boat.”


snipend


thanks,

K. Gringioni.

"Tom Kunich" cyclintom@yahoo. com wrote in message
...
"Bill C" wrote in message
...

There was NO need for the panic mongering after 9/11 and we'll be
paying that pice for generations, and I think the same for this.

What? Are you saying that we shouldn't have elected an avowed
socialist into office and then act surprised when he is destroying our
system of government?

Tom: It's not our system of government that's been destroyed by Obama.
It's our way of life that had been destroyed by those in power the last
umpteen years, believing that regulation was bad, capitalism would take
care of itself. Which it would, if not for the information gap.
Information is everything, and the information that things were going
bad was kept very tight for a very long time.

What about the alternatives to what Obama has been pushing? For example,
just let things fall apart and pick up the pieces. Let those who have
profited from shady dealings collapse rather than be rescued. The
economy would come to a standstill very quickly indeed. Business as
usual would no longer be.

But...

Would it actually be worse than prolonging things as we are now, looking
for the bottom but not knowing what the bottom looks like? Wanting so
badly to start "recovering" but because we keep throwing band-aids out
there, that recovery from the bottom is further off?

There's going to be a lot of pain no matter what. The biggest difference
between this "recession" and those of the past is that I usually didn't
even know we were in a recession before until somebody defined it later.
Not this time.

OK, but let's get back to a specific "socialist" act of the current
administration.

Should the government own 80% of AIG, or should it have let it fail?

--Mike Jacoubowsky
Chain Reaction Bicycles
www.ChainReaction.com
Redwood City & Los Altos, CA USA


"Tom Kunich" cyclintom@yahoo. com wrote in message
...
"Bill C" wrote in message
...

There was NO need for the panic mongering after 9/11 and we'll be
paying that pice for generations, and I think the same for this.

What? Are you saying that we shouldn't have elected an avowed
socialist into office and then act surprised when he is destroying our
system of government?

Bill C wrote:
Take a little bit of time to make sure all the ducks are at least
in a gaggle where you can line them up

Better hope Cheney isn't around with a shotgun then.

"Robert Chung" wrote in message
...
Tom Kunich wrote:

What? Are you saying that we shouldn't have elected an avowed
socialist into office and then act surprised when he is destroying
our system of government?

You hoping our President fails?

I think Tom is hoping our President fails to teach us a lesson. But that
will hopefully not happen, because this country has proven itself
amazingly resilient to the whims of the person occupying the Oval
Office. Unfortunately, the world itself is a bit less resilient to the
effects the Presidency of the prior 8 years has had on the world
markets.

--Mike Jacoubowsky
Chain Reaction Bicycles
www.ChainReaction.com
Redwood City & Los Altos, CA USA

"Donald Munro" wrote in message
om...
Bill C wrote:
Take a little bit of time to make sure all the ducks are at least
in a gaggle where you can line them up

Better hope Cheney isn't around with a shotgun then.

Or Greg L's brother-in-law?

--Mike Jacoubowsky
Chain Reaction Bicycles
www.ChainReaction.com
Redwood City & Los Altos, CA USA

On Mar 2, 1:25*pm, "Mike Jacoubowsky" wrote:


Would it actually be worse than prolonging things as we are now, looking
for the bottom but not knowing what the bottom looks like? Wanting so
badly to start "recovering" but because we keep throwing band-aids out
there, that recovery from the bottom is further off?

In military terms, you can have an orderly retreat... or a rout.
Examples: Chosin Reservoir and Stalingrad, respectively. The former
is bad, but the latter is far, far worse.
-Paul

I just want to know if the Revenge has started yet.

On Mon, 2 Mar 2009 13:25:43 -0800, "Mike Jacoubowsky"
wrote:

[some good stuff snipped]

And to follow up, even if you don't agree with the Obama
prescriptions, I think there is no doubt that there is a crisis at the
moment.

There was no crisis in relation to Iraq, at least not until after we
invaded.

On Mar 2, 3:09*pm, "Paul G." wrote:
On Mar 2, 1:25*pm, "Mike Jacoubowsky" wrote:



Would it actually be worse than prolonging things as we are now, looking
for the bottom but not knowing what the bottom looks like? Wanting so
badly to start "recovering" but because we keep throwing band-aids out
there, that recovery from the bottom is further off?

In military terms, you can have an orderly retreat... or a rout.
Examples: Chosin Reservoir and Stalingrad, respectively. *The former
is bad, but the latter is far, far worse.



Dumbass -


Nice analogies.

Did you ever read "Stalingrad: the Fateful Siege" by Beevor? Pretty
goddamm epically awful conflict.


thanks,

K. Gringioni.

On Mar 2, 3:32*pm, John Forrest Tomlinson
wrote:
On Mon, 2 Mar 2009 13:25:43 -0800, "Mike Jacoubowsky"

wrote:

[some good stuff snipped]

And to follow up, even if you don't agree with the Obama
prescriptions, I think there is no doubt that there is a crisis at the
moment.

There was no crisis in relation to Iraq, at least not until after we
invaded.




Dumbass -


Yep, it was a low level, albeit unpleasant containment exercise.


thanks,

K. Gringioni.