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Reply #65: It's actually kind of funny -- the way the conservative governments [View All]

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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 10:54 AM
Response to Reply #9
65. It's actually kind of funny -- the way the conservative governments
(and Obama's is one of them) are so shocked by the economic downturn following all the propaganda about austerity. Whose austerity? Are the wealthiest 1% feeling the pinch? No, austerity (like taxes) is for the little people. The rich get to keep their tax breaks for private corporate jets.

Wouldn't want to destroy the private corporate jet industry, would we?
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  -Wanna know why the Dow dropped 500 points today? MannyGoldstein  Aug-04-11 03:51 PM   #0 
  - And here I thought it had to do with the global economy, mainly.  MineralMan   Aug-04-11 03:53 PM   #1 
  - I believe this is the straw that broke the camel's back  MannyGoldstein   Aug-04-11 03:56 PM   #2 
  - maybe because people who believe in Keynesian Economics, do not see much growth potential and pulled  KILL THE WISE ONE   Aug-05-11 12:19 AM   #48 
  - Here I thought you didn't believe in "doom and gloom".  girl gone mad   Aug-04-11 03:59 PM   #5 
  - Me? I don't. At least not for its own sake.  MineralMan   Aug-04-11 04:04 PM   #6 
     - The Global Economic meltdown was caused by what happened here.  sabrina 1   Aug-04-11 04:34 PM   #16 
     - When I think of Summers and Greenspan,  izquierdista   Aug-04-11 05:43 PM   #26 
     - Could we send Greenspan there?  sabrina 1   Aug-04-11 06:01 PM   #29 
        - Might be good for Larry  izquierdista   Aug-04-11 06:06 PM   #30 
     - Ahhhhhh..sabrina.....1.... you are spot on...  russspeakeasy   Aug-05-11 09:45 AM   #53 
     - +1  davidwparker   Aug-05-11 10:18 AM   #59 
     - how's this:  tomp   Aug-05-11 05:50 AM   #50 
  - You've got that exactly backward  Doctor_J   Aug-04-11 11:00 PM   #44 
  - +1000. n/t  Fire1   Aug-05-11 10:40 AM   #62 
  - Yes and no.  RaleighNCDUer   Aug-05-11 12:46 PM   #69 
  - Pretty sure today's drop was part of a global sell off...  Imajika   Aug-04-11 03:58 PM   #3 
  - This is also my reading of the situation. Although, I'm not convinced that it is  dissidentboomer   Aug-04-11 03:58 PM   #4 
  - but the markets support repugs. so why elect them then get all  okieinpain   Aug-04-11 04:40 PM   #20 
     - Yes, it is. A testament to the narrow, business, profit oriented thinking and education of "elites"  dissidentboomer   Aug-04-11 06:16 PM   #33 
     - Sometimes parasites kill their hosts  MannyGoldstein   Aug-04-11 08:07 PM   #38 
  - And nobody listened.  chill_wind   Aug-04-11 04:05 PM   #7 
  - In Sum: It crashed because the legislation that passed will hurt, not help, the economy.  grahamhgreen   Aug-05-11 10:12 AM   #56 
     - Yes.  chill_wind   Aug-05-11 10:16 AM   #58 
     - +1  paparush   Aug-05-11 03:02 PM   #75 
  - Correct.  ozone_man   Aug-04-11 04:09 PM   #8 
  - problem wit dat.  onethatcares   Aug-04-11 05:02 PM   #25 
  - I totally agree with the death spiral thing.  ozone_man   Aug-04-11 08:48 PM   #40 
  - So now everybody feeds the vampire landlords.  JDPriestly   Aug-05-11 10:51 AM   #64 
     - Landlords aren't the vampires.  ozone_man   Aug-05-11 01:43 PM   #72 
  - It was a bloodbath today  roxiejules   Aug-04-11 04:21 PM   #9 
  - It's actually kind of funny -- the way the conservative governments  JDPriestly   Aug-05-11 10:54 AM   #65 
  - K&R nt  woo me with science   Aug-04-11 04:23 PM   #10 
  - cuz Manny prayed for it to happen?  DCBob   Aug-04-11 04:24 PM   #11 
  - Manny is very, very sad and upset by this  MannyGoldstein   Aug-04-11 04:27 PM   #12 
     - yeah, I know. dumb comment on my part.  DCBob   Aug-04-11 04:29 PM   #13 
  - Maybe that's why it will crater tomorrow  BeyondGeography   Aug-04-11 04:30 PM   #14 
  - Well said Manny  proud patriot   Aug-04-11 04:31 PM   #15 
  - The response to the financial crisis/meltdown was muffed.  azul   Aug-04-11 04:34 PM   #17 
  - great post...  GSLevel9   Aug-04-11 04:36 PM   #18 
  - "get money into the hands of working Americans"--but we know that will not happen,  elocs   Aug-04-11 04:39 PM   #19 
  - This is the Republican/Teabagger meltdown--remember that Boener and McConnel got 98%  Rectangle   Aug-04-11 04:41 PM   #21 
  - Guess nobody liked the taste of the Satan sandwich?  Liberalynn   Aug-04-11 04:41 PM   #22 
  - Yes, they think that they can fix the economy by ignoring the 99%  jwirr   Aug-04-11 04:43 PM   #23 
  - Because the market closed, and it didn't have time to drop 700?  Fuddnik   Aug-04-11 04:49 PM   #24 
  - Gallows humor just gets me every time. +1. n/t  ElboRuum   Aug-05-11 08:53 AM   #52 
  - the markets gagged  marions ghost   Aug-04-11 05:49 PM   #27 
  - Like anything else in disaster capitalism  Hydra   Aug-04-11 06:01 PM   #28 
     - gotcha  marions ghost   Aug-04-11 06:14 PM   #31 
        - Exactly  Hydra   Aug-04-11 06:40 PM   #35 
  - a gift to all from the inflexible ones  spanone   Aug-04-11 06:15 PM   #32 
  - WOW, Manny.. That all sounds so Old School Democratic Party.  bvar22   Aug-04-11 06:27 PM   #34 
  - Yep, Manny, the truth of what you say is as obvious as the fact it was...  tex-wyo-dem   Aug-04-11 07:05 PM   #36 
  - K&R  amborin   Aug-04-11 07:20 PM   #37 
  - The debt crisis was completely fabricated and manufactured.  Initech   Aug-04-11 08:24 PM   #39 
  - A fuckin' MEN. Thank you. That's about it, brother. I'd only add  dissidentboomer   Aug-04-11 09:02 PM   #41 
  - The more I think about it - the more Idiocracy has become a reality.  Initech   Aug-04-11 10:43 PM   #43 
     - You said a mouthful, Initech my heart.  azul   Aug-04-11 11:17 PM   #47 
  - +!!!!  KoKo   Aug-04-11 09:14 PM   #42 
  - K & R  BillyJack   Aug-04-11 11:12 PM   #45 
  - unrecced for lack of a coherent argument.  Joe Fields   Aug-04-11 11:15 PM   #46 
  - If the drop in equities was all about fear of the US economy suffering irreparable damage...  MilesColtrane   Aug-05-11 12:30 AM   #49 
  - And austerity measures ain't over yet  lunatica   Aug-05-11 06:24 AM   #51 
  - The out-of-work, disabled, hungry, and poor-retired spend it even faster.  Waiting For Everyman   Aug-05-11 09:53 AM   #54 
  - Absolutely truer words were never spoken ! n/t  orbitalman   Aug-05-11 10:11 AM   #55 
  - In Sum: It crashed because the legislation that passed will hurt, not help, the economy.  grahamhgreen   Aug-05-11 10:14 AM   #57 
  - I actually don't care if the Dow dropped 500.  FedUp_Queer   Aug-05-11 10:25 AM   #60 
  - B-b-but ABC News said it was Europe's fault....  AlbertCat   Aug-05-11 10:38 AM   #61 
  - Barack Obama Hoover can move his lips  Jim_Shorts   Aug-05-11 10:40 AM   #63 
  - Great post, Manny.  JDPriestly   Aug-05-11 10:57 AM   #66 
  - K & R thanks Manny  democracy1st   Aug-05-11 11:58 AM   #67 
  - maybe it's the obsene amount of money we are borrowing that  crazyjoe   Aug-05-11 12:00 PM   #68 
  - Cooperative housing  Mosby   Aug-05-11 01:03 PM   #70 
  - I'm very angered by the misinformation in this post.  Tiggeroshii   Aug-05-11 01:12 PM   #71 
  - It's About Confidence  Baby Bear   Aug-05-11 02:50 PM   #73 
  - Because many/most investors know  Dumak   Aug-05-11 03:00 PM   #74 
 

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