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Stocks Slaughtered, Now Near Official Bear Market; Oil Almost Hits $140, Dollar Drops
Response to post #11 & 12: CORRECTION: George W. Bush will go down as THE #1 WORST president. It's the worst betrayal of American Democracy and the American Way of Life in history, he sold out his own country to Communist China, Saudi Arabia and the anti-American Middle Class forces of greed and corruption. Thanks for the update, it's actually going better than I thought (-77 DJI at the moment) since the CNBC pundits were yammering yesterday "cash out about 20% of stocks to have cash for the recovery bargain sale."— June 27, 2008 11:30 a.m.
Stocks Slaughtered, Now Near Official Bear Market; Oil Almost Hits $140, Dollar Drops
Looks like this is a continuation of your "Greed, Gambling Society" blog including "Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism" and "The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash," etc. If there are any republicans re-elected at all this year it will be by lemming class republicans who have already gone over the cliff. Now the scary part is what will the democrats do to screw things up even worse? The sellout of America is a result of the total absence of leadership in both parties at all federal, state and local levels. Our legacy to Gen Y really sucks, even our consumer economy is now drowning in a tsunami of worthless greenbacks redeemable only for lead if anything. Yale and Harvard hit bottom when they gave the idiot Bush entitlement degrees, but then our entire academic system has failed to pass the test of Democracy. How badly will the bull be slaughtered today?— June 27, 2008 5:18 a.m.
San Diegans Arthur Lipper and Richard Russell on the current gloom
Response to post #34: Don, once again, is American Democracy great or what? We are most definitely beyond declining and in the falling mode, devolving from the original concept of We The People with never-ending legislative and judicial betrayals that say loud and clear “To Hell With We The People.” Hopefully Buckley’s book will motivate the voters like nothing else has yet to deal with what is becoming the most outrageously out of control, destructive greed and corruption in history. However, the last election when the dominant San Diego U-T culture of greed and corruption re-elected Sanders, passed Prop. C and a corrupt judge got more votes than the Champion of the People proves that the San Diego electorate is a herd of lemmings going off the cliff.— June 26, 2008 12:09 p.m.
San Diegans Arthur Lipper and Richard Russell on the current gloom
Response to post #33: Thanks for the interesting recommendation Barbarella. Encouraging boomers to commit suicide at 75 to save Social Security should either stimulate real solutions or prove they really are Generation Whatever.— June 26, 2008 12:07 p.m.
San Diegans Arthur Lipper and Richard Russell on the current gloom
Response to post #31: God Help Gen Y because Washington, Sacramento and San Diego politicians and all the generations before them have sold them out to indentured servitude to pay off the debts to China. Seems we have completed the evolutionary circle of Democracy from slavery produced by our Founding Fathers such as Washington and Jefferson to equality of indentured servitude for everyone, except those that Don Bauder exposes who get away with never-ending corruption because Congress and the Courts perpetuate greed as their supreme cultural value.— June 26, 2008 4:15 a.m.
San Diegans Arthur Lipper and Richard Russell on the current gloom
Response to post #29: Don, I still remember Khrushchev predicting: "The United States will eventually fly the Communist red flag” and we thought he was deranged. The hideous irony is that it would be another “C” word that would bury the American Dream --- Congress is instead selling out the American Dream to Chinese Communism instead. How stupid can we be? We'd better pray that Gen Y uses their new technological advantages to protect American Democracy and their future before Congress completes the great American sellout.— June 25, 2008 12:12 p.m.
San Diegans Arthur Lipper and Richard Russell on the current gloom
Response to post #25: “recklessness, and uncontrolled indebtedness” are both part of greed. And both the republican and democratic party leaderships have enabled greed to overcome our economic system to the point where we are on the edge of an abyss today. The biggest question is will we be able to keep from going over the edge?— June 25, 2008 4:14 a.m.
San Diegans Arthur Lipper and Richard Russell on the current gloom
Response to post #23: Don, America has a Capitalist Democracy with GREED as the paramount cultural value that makes everything happen, good and bad. And that's why we have so incredibly many hellacious problems today, worse than anytime since WWII because greed rules federal, state and local governments, including the courts that guarantee that GREED RULES. I learned all that from The Reader at least.— June 24, 2008 12:23 p.m.
San Diegans Arthur Lipper and Richard Russell on the current gloom
Don, I hope I’m right also, but there is a reality check that really bothers me that turned up on the NYT Dot Earth blog this morning: “1988-2008: Climate Then and Now” http://dotearth.blogs.nytimes.com/2008/06/23/1988… This article proves the most disquieting point that we were warned, but we failed to listen, read, think and do anything about it in time. Worse yet we assumed “others” would take care of it. Unfortunately “others” are usually our elected representatives who have proven to be controlled by their own greed and that of the “special interests” who finance their campaigns. Times have changed greatly since the 60s and 70s when our generation protested civil rights and The War forcing results in Washington on both issues, and we didn’t even have a WWW then. Gen Y has a whole new technological arsenal to fight back with that allows them to communicate and force results, but will they fight back in time to save the planet and their future from the forces of greed any better than the generations that has failed for two decades to do anything since the early warnings in 1988? Or will greed continue to rule humanity until we turn Earth into another Easter Island?— June 24, 2008 5:12 a.m.
San Diegans Arthur Lipper and Richard Russell on the current gloom
I take it that those are rhetorical questions Don, but to eliminate any misunderstanding: “Politicians in both political parties are the worst-case examples of the failure of democracy due to the forces of greed. Your reporting alone more than proves that point Don.” And “--- Gen Y fight back in a whole new way --- the World Wide Web and hand held personal communications devices --- With the evolving worldwide community and global conversations ---.“ Most importantly: “Gen Y must produce a whole new culture of leadership to meet the new challenges of change, and Gen Y can make that happen by participating more aggressively in the political process with the newest technologies that they were raised to use.” So the situation is far from “hopeless” since Gen Y has a whole new technological arsenal to fight back with to regain control of American Democracy and their future. And I choose not to interpret the Bible since there are already far too many “Us” vs. “Them” versions to even try.— June 23, 2008 11:36 a.m.