Comments on: Stocks Plunge On Recession Fears

Dow Drops 733 Points As Fed Issues Gloomy Report, Retail Sales Show Steep Drop

[stopsocialis]

The bailout legislation is not about the rescue of some banks due to the fall
of the subprime loan market, although that is what it is presented as.
What this legislation does is two things: One is hand over 700 Billion
Dollars to already wealthy individuals who own those subprime bonds and
repossessed properties, and the Second is the establishment of a
"bureaucracy of the Economy", or convert the US Economy to a branch of
the government.


This begins the nationalization of the US Economy and the end of the
American Free Economy. Since about 1800 to 1880 the Government of the
United States has been converted, without the approval or consent of the
American People (and mostly without them even comprehending the change)
from a Republic to a "Democracy" (aka, "mob, or political party, rule")
to Socialism. The next Change will be to "Plutocracy" (aka, "mob
dictatorship") and part of a One World Government, then a One World
Dictatorship when Satan takes possession of that one man.


Soon, too soon, we will have a One World Government, a One World Economy
and a One World Church.


Prophecy fulfilled in your lifetime. Daniel 7:2-7, Revelation 13:1-2.

His witness
Acts 1:18, Rev 11:2-3

[stopsocialis]

The bailout legislation is not about the rescue of some banks due to the fall
of the subprime loan market, although that is what it is presented as.
What this legislation does is two things: One is hand over 700 Billion
Dollars to already wealthy individuals who own those subprime bonds and
repossessed properties, and the Second is the establishment of a
"bureaucracy of the Economy", or convert the US Economy to a branch of
the government.


This begins the nationalization of the US Economy and the end of the
American Free Economy. Since about 1800 to 1880 the Government of the
United States has been converted, without the approval or consent of the
American People (and mostly without them even comprehending the change)
from a Republic to a "Democracy" (aka, "mob, or political party, rule")
to Socialism. The next Change will be to "Plutocracy" (aka, "mob
dictatorship") and part of a One World Government, then a One World
Dictatorship when Satan takes possession of that one man.


Soon, too soon, we will have a One World Government, a One World Economy
and a One World Church.


Prophecy fulfilled in your lifetime. Daniel 7:2-7, Revelation 13:1-2.

His witness
Acts 1:18, Rev 11:2-3

[txgrouch2007]

with assurance Bush will veto if they fail.
Posted by alphaa0100 at 09:36 PM : Oct 15, 2008

POST FACTS, TROLL! How MANY bills has Bush vetoed since the Republicans lost their majority in Congress and Pelosi pledged "the most ethical governmetn ever..."

HOW MANY???

[txgrouch2007]

Demonstrably false. The Senate vote for Gramm was almost perfectly party-line, DEMOCRATS against the Gramm bill. Only Hollings (D-SC) voted for it.
Posted by alphaa0100 at 09:26 PM : Oct 15, 2008

As a Dem troll, you conveniently neglect to mention that the HOUSE vote was OVERWHELMINGLY IN FAVOR in BOTH PARTIES.

Why do you hate America so much that you post such half-truths?

[staplesla]

I''m a Democrat, but I worry about my party having full control in both Houses and the Presidency. It worries me that if that is the case there will massive spending with no checks and balances.

[swingset4u]

BTW.. YOUR CURIOUS GEORGE LOOKING CANDIDATE IS GETTING SMOKED IN THE DEBATE. DEER IN THE HEADLIGHT? YEP THAT''''S NOBAMA.

Posted by stick1771

LOL!!! OMG! That is the funniest thing I have read ALLDAY!!! Pssst..... Read the headlines tomorrow.. McShame got smoked. But stick to your convictions and vote for a NON-Hero of a war that didn''t exist....

[txgrouch2007]

My question is "when did he know the existence of this problem with Wall Street and the banks? Why didn''''t they recognize the issue sooner???
Posted by jss2003 at 07:17 PM : Oct 15, 2008

The problem was KNOWN in 1999 when FULL BIPARTISAN SUPPORT of the Gramm-Leach-Bliley banking deregulation act was signed by Bill Clinton (there''s NO SUCH THING as "veto proof"). This measure deliberately dismantled the safeguards that had been put in place after the banking and stock market crash of 1929, and which had been working as intended for nearly SEVENTY YEARS.

But the reckless Clinton-era mentality made it OK to put our entire economy in danger for the sake of fanning the flames of an already overheated economy.

For SOME REASON, nobody on EITHER SIDE did anything. Barney Frank opposed calls for stronger regulation of Fannie Mae and Freddie Mac.

THIS WAS A BIPARTISAN DISASTER.

Anyone who clings to EITHER side is siding with the enemy. BOTH SIDES ARE TO BLAME.

[adt13t]

mcsteadyasheblows
isn''t it time to stop
hiding things in the secret
place even the vietcong would not look
time to come clean we had no right to go
into vietnam and iraq to begin with push push
push push the U.S. right off the moral map

[nearl4511]

I just wish that even though Bernanke''s expertise is the "Great Depression", he would stop making statement that beg that outcome.

Couch your statements man. Act like you know what you''re doing without broadcasting your fear to the world! What I wouldn''t give for a little of Greenspan''s undiscernable comments instead of this ''chicken little'' panic.

[nebul09]

hats off to wells fargo for not drinking the toxic koolaid!!

[tannerbird]

McCain may not want to talk about ACORN not tonight if he does it''s OVER John.

[rudy654-2009]

Posted by stick1771 at 08:07 PM

You mean the same ACORN that featured McCain as their keynote speaker and whom McCain praised as a wonderful organization to benefit Americans???

[rudy654-2009]

The government''s report that retail sales plunged in September by 1.2 percent - almost double the 0.7 percent drop analysts expected - made it clear that consumers are reluctant to spend amid a shaky economy and a punishing stock market.
******

Of course. Wages went down, the working poor grew by leaps and bounds so guess what they are not doing with their money? That''s right. They aren''t buying. Too bad. That is how corporate America wanted it. The gas executives laughed when they heard how we were being hurt by their gauging. Ernon type executives joked about how they were going to get away with murder. Government workers went to bed with oil executives and handed out contracts accordingly - so what did they all expect???????? They are getting what they deserve.

[republic1776]

Is it ok to kill babies!
Bottom line, is Black females get knocked up 4 to 1.
Isn''t welfare genecide?
Liberal!

[republic1776]

Obama will enslave Blacks.
NOT free them.

[republic1776]

In Africa,
People of color was hired to catch blacks.
Obama is the same.
He is NOT poor!
He is NOT "black"
He is evil!

[smirk5]

"The fundamentals of our economy are strong."
John McCain
Sept. 15, 2008

[republic1776]

alphaa0100,
The Machine can even detect if you are a Negro!
LOL
Your a *** if you think that Obama has a chance of losing.
It has been decided, your vote don''t count!
Don''t worry, Big Brother has already picked Obama!

[republic1776]

This was setup. (The rich profit taking on stocks!)
Obama will be the next President.
How could Mr. Obama in his frist debate, state as least 5 times that he would "tax the rich"
He had a 28,500.00 a plate dinner in Los Angeles that week!
I can''t afford that!
It''s all setup!
Obama President.
Stock crash now so the elite can get their money now!
Republicans and Democrats are destoying America!
If you think they are NOT partners in crime, you are very stupid!

[jss2003]

The neocon''s:
Unfortunately, Bush himself and the key figures in his administration continue to cling, with the fervor of true believers, to neoconservative ideology. Bush has taken some potentially positive steps, like dumping Rumsfeld and replacing him with the more pragmatic Robert Gates, and saying he''s open to "any idea" on Iraq. And he is now under enormous pressure, not just from Democrats but also from his own party, to implement profound changes in his Middle East policies. But it remains doubtful whether a figure as dogmatic and inflexible as Bush, who regards his "war on terror" as a sacred duty, will be able to change his approach. It is essential that the fundamental failure of neoconservatism be recognized, to prevent more foreign policy debacles like Iraq.