“Soft despotism is a term coined by Alexis de Tocqueville describing the state into which a country overrun by "a network of small complicated rules" might degrade. Soft despotism is different from despotism (also called 'hard despotism') in the sense that it is not obvious to the people."

Tuesday, September 30, 2008

Nancy Pelosi, the Trillion Dollar Fool

Let's make this simple. Nancy Pelosi could have passed this bill. Lyndon Johnson would have passed it in a heart beat. The Democrats own Nancy Pelosi and they own the the trillion dollar loss inflicted on American wealth.


With friends like Pelosi, U.S. rescue plan hardly needs enemies

Posted: September 29, 2008, 6:30 PM by Kelly McParland
Full Comment, Kelly McParland, U.S. election National Post

Nancy Pelosi is one piece of work.

The Democratic Speaker of the House got up Monday to deliver an address supposedly intended to encourage legislators to pass the revised rescue plan that had been worked out at such great effort over the weekend.

Pelosi planned to vote for the package. She had been instrumental in negotiating it. She needed to convince other House members to do so as well, since feelings remained so high it was far from certain the measure had enough support to pass.

So what does she do? She devotes her speech to trashing the Bush administration, blaming it for the whole mess, picking over eight years worth of sore points between Democrats and Republicans and generally doing everything she could to revive the partisan bad feeling that has made an agreement so agonizingly difficult to achieve.

Who you calling a dumb ass?

She ridiculed the original plan brought to Congress by the Treasury Secretary and the chairman of the Federal Reserve; she emphasized repeatedly the vast amount of money at stake and characterized it once again as a bailout for a bunch of overpaid Wall Street money-grubbers-- fuelling the fierce sense of resentment among voters that other leaders have been striving to overcome.

She reamed out Bush, reamed out the deal, reamed out Wall Street and bitched mightily that Congress had been confronted so unexpectedly with such a monumental crisis.

If she’d set out to alienate the very people she needed to get the measure approved, she could have done a better job.

Sweet, Nancy. Very sweet.

- Kelly McParland


  1. I thought Bush was the one who lacked communication skills, diplomacy and common sense. That has been the claim of the Democrats for most of the past eight years.

    Well the Democratic leader in the House was not to be done by her nemesis George Bush.

    When it comes to leadership there is nothing worse than a fool with no vision and no comprehension of the depth and breadth of their own native stupidity.

    Nancy Pelosi has both in staggering dimensions. Her job was to close the sale. Get reluctant troops over the finish line. Lead the way. Inspire.

    One Stupid Bitch? She is the queen bee of stupidity.

  2. Pelosi is a product of MSM. Had she the scrutiny and exposition provided Palin, she would be gone and would have been replaced within weeks of her election.

    The corrupt liberal US media had provided the ingredients to the baking its own demise . When the explosion begins, they will be the first to be taken down.

  3. I don't care much for "dumb-asses," but I kinda like that "lass's ass."


  4. "Futures" are UP, nicely.

    I guess the "end of the world" trademark has been delayed.

  5. From Drudge:

    Mobile phones to track carbon footprint.

    Monthly bill for Carbon Surtax to come via mobile phone.

  6. End of the Worldtm has been postponed due to lack of interest. Populace just didn't have time to participate (too busy trying to find gas.)

  7. Maybe God is smiling on the Jews.

  8. Well, if Pelosi was against the Bill, while posturing for it, her actions would fit, perfectly.

    Gaming the bail out, perfectly.

    Is John McCain running for President, today, or working on the "Solution"?

    Has he put his future in the hands of people and events he cannot control, nor even much influence?

    That he has problems prioritizing, seems evident, again.

  9. Yields are rising on the 2 year, and out.

  10. 17th biggest Percentage Decline, yesterday.


  11. It's the End of the World as we've Known It, rufus!!!

    Bob Herbert of the NYTimes says so!

    Must be true, aye?

  12. We're going to lose a few more banks, there's going to be anguished wailing, and gnashing of teeth on CNBC, Paulson's going to have a stroke, and then we'll all go back to wondering what "Paris" is up to.

  13. The Bailout Bust
    Editorial of The New York Sun

    Those who blame yesterday's dive in the stock market on the House of Representatives' failure to approve the Paulson-Pelosi bailout plan can consider that the market was down sharply yesterday even before the House vote, defying predictions that the agreement on a deal that was announced over the weekend would yield a rally. Half of the Wall Street adage — sell on Rosh Hashana, buy on Yom Kippur — was proven a day early.
    It's a tribute to the checks and balances that the Constitution created. It wasn't enough that Senators McCain and Obama, Secretary Paulson, Speaker Pelosi, President Bush, the Wall Street Journal, the New York Post, Mayor Bloomberg, Senator Clinton, and Rep. Barney Frank all supported the bailout. Congress needed to vote on it. And the votes weren't there in the chamber, the House of Representatives, that the founders intended to be the most democratic and in touch with the spirit of the people.

    But it's a two-part adage — sell on Rosh Hashana, buy on Yom Kippur — and the second part of the adage is the buy side. Amid all the carnage in the stock market yesterday, there were at least a few hopeful signs for New York. New York-based Citigroup bought assets of Charlotte, North Carolina-based Wachovia, which will make Citi the largest bank in America as measured by deposits. Even after yesterday's slide, the Keefe, Bruyette & Woods bank index was up more than 25% from its July 15 low.

  14. This entire episode gives testament, which, once again gives lie to the laments that
    "A President Obama will ..."

    It wasn't enough that Senators McCain and Obama, Secretary Paulson, Speaker Pelosi, President Bush, the Wall Street Journal, the New York Post, Mayor Bloomberg, Senator Clinton, and Rep. Barney Frank all supported the bailout. Congress needed to vote on it. And the votes weren't there in the chamber, the House of Representatives, that the founders intended to be the most democratic and in touch with the spirit of the people.

    And it goes for 44 Sentaors, loyal and true, if one could find them, there, in DC.

  15. This comment has been removed by the author.

  16. How many people that have been shuffling around on this "Mortal Coil for 62 years," as I have, believe that you can give the Government $700 Billion, and get $701 Billion, back?


    This unholy alliance of wall st. and the U.S. congress has really got it's feelings hurt that we don't believe/trust them. Like Spoiled, Petulent children.

    Too Bad. Fuck'em. They've done nothing for the last 60 Years to Earn that trust.

  17. EU Markets Mostly Up

    Ahm, things look rather well today.....

    Rather well, yes, uhmmm, well, buy buy buy buy buy....

    And yesterday it was all jumping out of windows....

    Bird and Fortune

    With a little imagination, we should be able see things like the lass above on Hello Walk, Ruf.

  18. I gots me lots of that 'maginashun.

  19. Congress Earns Its 10% Approval Rating, Can't Even Make Sausage

    The way the WSJ has hit on every and all farm programs over the years, I maybe shouldn't have weakened, and thought we should have some kind of bailout. Who knows, we may work through a depression and recovery, before the day is over.

  20. If things should more or less return to normal, Paulson and Bernanke will look damned silly.

  21. And my 'neanderthal republican' Sali will look like a genius.

  22. I go for Gingrich’s proposals:

    Gingrich’s four-point plan includes: (1) suspending immediately mark to market provisions (the accounting practice of valuing a financial position in an investment at its current market price) in the hopes of stopping the downward spiral in asset values and eventually replacing it with a three year rolling average; (2) repealing immediately Sarbanes-Oxley, the 2002 accounting law Gingrich described as “an enormous drag on small business”; (3) setting the capital gains tax rate at zero “matching the Chinese and Singapore” (to encourage private capital to flood into the market picking up properties without the taxpayers being at risk); and (4) passing an “extraordinarily powerful” energy bill (”to return $500 billion a year to the American economy that are currently going overseas”).

  23. "We are in the midst of the worst crisis of the last century, and until we've reached the bottom we cannot climb back up," he said.

    Well, I coulda said that last part.

    Ace Economist Predicts Obama Win, Big Bummer Recession

  24. Grandma and Grandpa, and the very young, they are the ones that know all this hullaballoo for what it really is, hullaballoo. It's why the old and young bond so well sometimes, they both know the secret that this is all a fakaroo, not what it's really like, all this sucking, selling, and striving by the folks in between. The kids and the old, they are the ones that know that. A butterfly is much more interesting and meaningful.

    mangled, from Joseph Campbell

  25. I go for Gingrich’s proposals:

    Same here.

  26. No one answered me on the last thread...

    How does this global contraction HURT our enemies?

    OPEC, Arabs, Russia & China?


    Seems to me that if our house aint doing well, their houses will be really hurt...

    just a thought..

    Happy Head of the Year Mat....

  27. Shana Tova Umetukah to our Jewish directors and guests!

  28. I'm going back to bed.

    These nutsaks on CNBC get goofier every day.


  29. Does Obama Have NPD?

    Serious question.

    If all the symptoms seem to fit...the diagnosis might be legit.

    Sign petition at bottom to have candidates undergo mental health exam.

    Shana Tova Umetukah--same here, whate'er it means.

  30. Thanks, Comrades. Best wishes to all at the Bar. With the honey bees now saved, maybe we'll start seeing some sweetness flow our way. :)

  31. Shana Tova Umetukah--same here, whate'er it means.

    Shana = year
    Tova = good (f)
    Umetukah = and sweet

  32. Much thanks to all!

    Honey, Apples, Wine & Sweet Chalah w/ raisins...

    If ya'll gentiles wish to celebrate by eating well & drinking you have my approval...

    btw, oil just sunk 10 bucks a barrel, costing opec, russia Hugo lot's of money.

  33. WiO, You missed the most healthiest item on the menu.

    Health Scan: Pomegranate juice has beneficial medicinal qualities
    Sep. 27, 2008
    Judy Siegel-Itzkovich

    Eating pomegranate seeds is customary this time of year, but Prof. Michael Aviram, head of the lipid research laboratory in the Technion's Rappaport Faculty of Medicine and Rambam Medical Center in Haifa says drinking pomegranate juice is a good idea throughout the year. He says the fruit's high antioxidant potency explains its protection against heart attack and stroke, even in comparison to dietary antioxidants such as red wine, grape juice, blueberry juice, cranberry juice and green tea. The specific antioxidants present in pomegranate juice (ellagitannins such as punicalagin) are more active than those present in the other beverages, he says.

    Pomegranate juice consumption inhibits the oxidation of "bad cholesterol" (LDL), and attenuates the formation of harmful oxidized LDL, he says. It also inhibits the oxidation of "good cholesterol" (HDL), thus increasing HDL capability to remove excess cholesterol from the arteries. The juice also attenuates blood pressure in hypertensive patients through its action as a natural ACE inhibitor. Patients suffering from carotid artery stenosis (blockage of the arteries that supply blood to the brain) who drank pomegranate juice were found to have decreased their atherosclerotic lesion size. Pomegranate juice, says Aviram, is an antiatherosclerotic agent in diabetic patients, as its sugars are associated with its antioxidants, forming a sugar polyphenol complex that protects against complications of diabetes. The beverage is so beneficial, he concludes, that people who have borderline levels of blood cholesterol, blood sugar and high blood pressure should prefer pomegranate juice over drugs whenever possible.


  34. Israeli pomegranates worth their weight in gold
    Sep. 28, 2008
    Judy Siegel-Itzkovich

    Although many people don't improve from one year to another, pomegranates have. Ben-Gurion University of the Negev horticultural researchers have developed new types of the royal, crowned red fruits that taste better, are more vividly colorful inside and out and ripen in July and August instead of September and October.

    Prof. Ze'ev Wiesman of the plant oil biotechnology lab heads a team that has worked to improve the genetic makeup of pomegranates - whose use is most popular on Rosh Hashana because of the notion that each fruit has 613 seeds, the number of the commandments in the Torah. Recent scientific articles by BGU researchers on their work in this field have appeared in leading journals and have aroused much attention from around the world.

    The three new BGU-developed varieties are called Narda, Rotem and Nitzan, and their skin and seeds are reddish-purple, Wiesman told The Jerusalem Post on Sunday. The seeds have a very delicate taste and are soft, so that they can be eaten whole without having to spit out the center as waste.

    In 1998, a number of special pomegranates were brought from Central Asia by BGU Prof. Dov Pasternak. Different varieties were chosen for early ripening, color and taste and were bred to create new varieties.

    B-G Negev Technologies, the university's technology transfer company, registered the best varieties for patents and has signed contracts with a number of companies in Israel and abroad.

    Some have already been planted and put on the market, but in a few years, they will be more readily available (albeit more expensive than conventional varieties) from growers in the south - the Negev hills, Beersheba, Nitzanim and Neve Mivtah near Gadera - as whole fruit and for their juice and oil.

    Wiesman said that he and his team used conventional breeding rather than genetic engineering, which is much more expensive. In addition, since pomegranates are considered a health food and are especially popular among Europeans who fear and avoid genetically engineered produce, conventional breeding was preferred.

    When the seeds are dried and pressed, they produce excellent pomegranate oil, which costs $3,000 per kilo. They are very high in antioxidants, which reputedly fight cell ageing, and are being researched for their potential as drugs against cancer and neurological diseases. The strong red color is an indication of a high level of antioxidants, he said, like those in red wine.

    Wiesman is worried by the worldwide shortage of bees for pollination, but he says there is almost no need for bees in the production of flowers and fruits in pomegranates, as they pollinate themselves.


  35. Let's see if I've got the gist of this post right - - We've got a do or die bill to save America as we know it and it failed because a politician made a political speech? That does not reflect well on the fools who would let their nation tank because they were 'insulted'.

  36. i dont think is was really about an insult but rather the raising of red flags. pelosi's horribly timed attack took a lot of credibility away from the proposed bail out.

  37. Thank You, House Republicans
    Mark R. Levin

    I have read the posts here and elsewhere. Sometimes these things are made to look more complicated than they really are. From an economic perspective, if the problem is liquidity and credit, there simply is no need for the federal government to assume massive amounts of debt on its book by assuming loans in anticipation that their holders or borrowers will default. This seems to me like a brand new expanse of government power that is not justified (if it ever is) by the arguments made on its behalf. The government controls monetary policy through supply and interest rates, among other things. It can further ease money supply and credit, thereby increasing the flow of capital. The government controls tax policy. It can increase liquidity and the flow of new money into the economy both from within the country and from foreign sources by eliminating the corporate income tax and the capital gains tax even on a mid-term basis. No matter what is done, some financial institutions will fail, as they did in the 1981-82 recession and have since. And the Fed and Treasury and other instrumentalities of government will have to determine, on a case-by-case basis, whether to intervene and how to intervene. They will also have to determine whether other policies require modifying, such as the McCain proposal today, in which he suggests increasing federal insurance for individual depositors from $100,000 to $250,000. Other smart suggestions include modifying the mark-to-market rule requiring financial institutions to downgrade the valuation of assets. If the goal is to prevent panic in the economy by investors and depositors, then increase credit, liquidity, and the flow of capital, and deal with problem institutions that are significant enough in size that their demise could resonate to the wider economy. But the Soviet-style, top-down five year plan a la Paulson's proposal, and to a significant extent the proposal that was voted down yesterday, could easily do more damage to both the economy and our governmental structure. So, in this respect, I must depart from NRO's editorial.

    Also, count me among those few here who want to thank the House Republicans for taking a bold stand against what had been a stampede on a scale I have never before witnessed on matters of huge consequence. Conservatism is more than a quaint belief-system to be embraced and debated over donuts at Starbucks. It is more than a list of talking points. It is the foundation of the civil society. The liberal uses crises, real or manufactured, to expand the power of government at the expense of the individual and private property. He has spent, in earnest, 70 years evading the Constitution's limits on governmental power. If conservatives don't stand up to this, who will? If they don't offer serious alternatives that address the current circumstances AND defend the founding principles, who will? The House Republicans have done both. And I, for one, thank them.

    Incidentally, if you want to buy a home or car today you can. And if your credit is decent, you can get loans at a good rate. Last week we were told that if a deal was not struck by last Friday, our economy would collapse. It has not. That is not to say the evidence of economic troubles or worse should be ignored. It is to say that now is a time for reasoned decisions based on tried and true principles, not for abandoning them. I notice that the socialist, who, for the last 30 years, has insisted that private institutions make risky loans based on non-economic reasons, still has not abandoned his policies. Socialism does not work. We shouldn't support more of it.

  38. Pelosi is the Fraud of Franks, Raines, Dodd, & Co writ loud.

  39. ...and of course, ACORNHead Obama.

  40. Slim makes a very good point. If the Speaker of the Houses felt this was an absolute necessity and emergency , why would she do such a thing?

    If she did not think it that serious she should be retired. It is a true outrage.

  41. Spare us the faux outrage over a politicians speech. If you really are outraged then direct it at those who voted against your precious bailout.

  42. Which, then, is the bigger outrage in your opinion - a supporter of the Bailout speculating on the causes of the problems or a member who voted against the Bailout?

  43. no orders were given that had to be followed unlike in the military. If you really are outraged you should be even more outraged at a member who voted no because they were insulted.


    "Off the record, every suspicion you have about MSM being in the tank for O is true. We have a team of 4 people going thru dumpsters in Alaska and 4 in arizona. Not a single one looking into Acorn, Ayers or Freddiemae. Editor refuses to publish anything that would jeopardize election for O, and betting you dollars to donuts same is true at NYT, others. People cheer when CNN or NBC run another Palin-mocking but raising any reasonable inquiry into obama is derided or flat out ignored. The fix is in, and its working." I asked permission to reprint without attribution and it was granted.

    UPDATE: The Anchoress hears similar things. And reader Eric Schubert: "The Edwards debacle was proof enough of where the heart of the MSM lies, and lack of curiousity of the press about Edwards probably cost Hillary the nomination. And that shameful episode offers a warning to the MSM. What if Obama does have a skeleton in his closet (such as a shady deal or outright bribe) that is revealed after he wins the election? While the chance of this scenario is remote, imagine the backlash against the MSM if it could be shown that a reasonable investigation by the MSM would have easily revealed this secret to the public prior to the election?"

    ANOTHER UPDATE: Rand Simberg isn't so sure: "Where was the backlash against this about Bill Clinton in 1992? They just seem to continue to get away with it." Well, yes and no. Their reputation and readership/viewership keep falling. And layoffs keep happening. I think they're willing to pull out all the stops because they realize this is the last election where they have a chance at swinging things this way. No point saving your credibility for the future when you don't have a future, I guess . . . .

    Glenn Reynolds

  45. They voted so because they aren't Socialists, and/or they listen to their constituencies.

  46. That's a different story doug. 2164th is outraged that the vote didn't go through. He's outraged that Pelosi made a political speech thus jeopardizing its passage.

  47. fred said,

    What you wrote may be true for the period described. But not now. Obama is running so far ahead of McCain among females, especially the under-30 ones, that it defies description. And I read a report yesterday about recent polling that shows OLDER females are now deserting McCain for Obama.

    I’m telling ya, American women are up to their eyeballs in the looming disaster. And when Iran nukes Israel, maybe even Europe, and millions die, I AM GOING TO LAY IT RIGHT AT THE FEET OF AMERICAN WOMEN, who fell, hook, line, and sinker for that long-legged mack daddy.

  48. Wow, weird:
    Haven't read everything yet.

    Is that right, Deuce?

  49. Understanding $700,000,000,000.00
    The Bottom Line:

    If the Treasury simply took the $700 Billion and started paying off taxpayer mortgages, they could pay off every mortgage in the country worth less than $75,000... Or put another way, $700 Billion could pay off well over half of all outstanding first mortgages in the entire country.

    Do you really think they need this much money?

    So I say we just take the cash and pay off half the mortgages out there and see what that does to the credit market and the economy.

  50. and, that, doug demonstrates how much of a red herring the moaning about corruption at Fannie and Freddie are the cause of the problems today. The rot goes much deeper then some bad mortgages.

  51. From RCP
    Financial Crisis
    Stocks Bounce Back Sharply
    Dollar Surges Against Euro

    DOW up 235 @ the time of the
    Last update: 12:57 p.m. EDT Sept. 30, 2008

    So, that'd make it about $350 BILLION in value, newly created, today, aye.

  52. But do the systemic dangers still exist or is it fear mongering? Inquiring minds would like to know!

  53. Wonder if that pomegranate juice is good for gout, Mat.

    My conservation girl here, out at the farm one day, where she was showing me all the goodies on my little patch of original Palouse remnant prairie, pointed out some little plant that she said the seeds sold for something like $3,000 a pound. I said, wow, beats wheat. Alas, you darn near need a microscope to see the seeds, and they are nearly impossible to harvest, unless you got 'em in a green house, she said. And you can only harvest them for about one week, before they shatter out and fall to the ground.

    Ash, what do you think, does Obama have NPD?

    If all the symptoms fit, it's hard to acquit.

    Women, bless them, seem to have a weakeness for rock stars, basketball stars, shady politicians. Also, a recent study showed, they seem to like dangerous, immoral fellows for some reason, many of them. And, we gave them the vote. With which, studies show, and Teresita brought this up, they go ahead and vote social programs with the treasury money.

  54. Idiodic programs like kindergartens and pre-schools for all, for instance. Can't begin indoctrinating the little ones too soon.

  55. What's NPD?

    Ya, Rat, you are probably correct but the fear mongers haven't made a good case, at least publicly, as to how real the systemic danger really is. A backstopped FDIC isn't enough? Why not?

  56. Narcissistic Personality Disorder.

    Recognized by the
    American Psychiatric Association.

    All the biggies had it, Ash, Stalin, Hilter, Pol Pot, Idi Amin, lil' Kim.

    Usually associated with an abusive or missing daddy.

    See my post above.

  57. All the biggies had it, Ash, Stalin, Hilter, Pol Pot, Idi Amin, lil' Kim.

    hehehe--I didn't mean it that way, to include you in such illustrious company, Ash.

    Ash, all the biggies had it, Stalin, Hilter, Pol Pot, Idi Amin, lil' Kin.

    There, fixed beyond repair.


    Now that the markets are calmed, and the stocks are rising, we got to get that bailout bill passed, while we still have time, lest the markets come all the way back up to the starting point. Almost sounds like the markets didn't like the idea of a bailout bill.

  58. Bobal, I think you are sliding into a miserable place what with your constant desire to nuke Iran, hatred of Muslims, love of Palin, and now with this WorldNet Daily Article. Yer a nice guy but if you are seriously considering personality disorders well, check out the mirror...


    -- that'll make ya feel better.

  59. In the political realm, NPD is always recognized too late, Ash!

  60. Those Greek columns at Denver might given a real hint, Ash. I've never seen such a stupid spectacle in our politics.

  61. Look at those poor indoctinated kids. jeez, it's child abuse, really. Bunch of clones, automatons.

  62. uh, I pause every time every time I cross path's with that lass's ass.

  63. I couldn't understand a word of that song, Mat, but it was a good song.

  64. From Westexas (aka Jeffrey Browne) in comments at the oil drum:

    What goes up comes down could also apply to net oil exports. Since your tabulation of EIA net exports showed two years of declining net oil exports, with an accelerating annual decline rate, someone had to be consuming.

    In any case, it is useful to consider the recent increase in consumption in Saudi Arabia and China. From 1997 to 2007, their combined consumption went from 5.3 mbpd to 9.9 mbpd, a combined annual rate of increase of 6.5%/year (EIA). At this rate of increase in consumption, in 2017 they would be consuming 19 mbpd--which BTW is roughly what the US is currently consuming.

  65. Those kids are frightening Bobal. America is a weird place sometimes...

  66. Ash and I agree on something! Wonders never cease:)

  67. Hmm, looks like we got 70% of our loss back, today.

    Like "Dutch" said, "Markets go up; Markets go Down. I'm going to take a nap."

  68. There is more to it then the Stock Market rufus. I've read the money markets are totally seized. Not a good thing!

  69. Here's another, Bob.
    "Going Crazy"
    No translation necessary. :)

  70. In the meantime, we've got our Domestic Production of Biofuels up to about 750,000 Barrels/Day. Every Barrel of this comes dead out of Saudi Arabia's Ass (and, indirectly, Russia's.)

    U.S. Ethanol Capacity.

    Note: the above does not include biodiesel production which is, probably, about 75 - 100,000 bpd.

  71. I wouldn't have even commented on the market perturbations, Ash, if so many people, Dubya included, hadn't made such a big deal out of the sell-off, yesterday.

    If I'm going to pay attention to any market it will be the Treasuries. They've been telling me, and I've been posting here, that the treasury market (a much bigger, and a much more sophisticated market) has been presenting this as a short-term (3 to 6 mo.) mess, but not a "real biggie" in the long run.

    BTW, I've seen no solid, anecdotal, evidence that the money markets are "seized." I've heard nothing about large, deserving corporations having a hard time placing their paper. Libor's up; but that's to be expected, considering the turmoil, and uncertainty.

    And, I don't think the market is up because it sees the congress passing this silly-assed, unneeded piece of legislation. I think the market's up because it realizes that it doesn't matter.

    There are some good things coming out of the guvment, today. Raising the FDIC limits would be good. Allowing the banks to value their mortgages at a little more reasonable level would, also, be good.

    AND, Nobody has mentioned that Personal Income was up 0.5 MOM, yesterday, or that the Chicago Purchasing Managers Index was at 56 something, today.

    I think "Armageddon" has been put on indefinite hold.

  72. are you f*cking kidding? pelosi is speaking only of what she knows; the bush mafia making her a deal we can't refuse. if you believe that then you are a bigger fool than the jews, because it's not about democrats or republicans, it's about new world rule. get it? your ass is owned by the world bank. get it? they tithe and you pay. get it? money as debt. get it? trust no one. not even you. that's what they want. divide and conquer, shock trauma and disaster capitalism to serve the profits of the ruling elite. where did that money go? to eat you, like the pussy you are.