I nominate this entire day for Great Moments In Blaming DU History!

[Poll_Blind]

  I have never seen so much sad-ass whining directed at this message board by so many.

"I am an idiot- I still kept my money in the stock market despite years of warnings and uncontrovertable evidence that our entire economy was going to shit. Despite the high-speed internet connection I use to relay these nightmarish tidings, I'm BROKE! I BLAME DU!"

"Why are you people saying giving Wall Street 700 Billion with few strings attached is a bad idea- Wall Street bought me a cup of coffee yesterday and stopped me on the street a few weeks ago to give me a hot dog- All just because the Mets won! And now you've killed it! I BLAME DU!"

"My kid wants a Playstation 3 this Christmas or my ass is going to be in a sling! Nuff said? I BLAME DU!"

"I didn't know my entire life savings was in Wall Street- and now it's gone! Despite my absolute incompetence at money management- I BLAME DU!"

Jesus Christ, it's not like A) Anyone ever held a gun to your head and made you put the money in the market and B) The cause of your woes is the same beast you're begging us to feed- fuck that!

PB

[Roland99]

1. Hear! Hear!

[Venceremos]

2. Not to mention

the Dow will probably close today with a roughly 5 percent loss. Remember with their fear mongering they told us to brace for a 30 percent loss.

[Venceremos]

3. Not to mention

the Dow will probably close today with a roughly 5 percent loss. Remember with their fear mongering they told us to brace for a 30 percent loss.

[seemslikeadream]

4. I stayed in the same house for 30 years cause I knew this would happen

now all my kids can come back home and won't be homeless, at least. I could have sold it when it was ten times worth more than what I paid for it but I knew this would happen. I did not keep up with the jones' and my kids didn't get everything they wanted but now they have shelter from the storm

[Poll_Blind]

6. BING! BING! BING! We have a winner who knows how to manage their goddamned wealth!

  Good on ya! It is amazing how few people want to take responsibility for the shitty situation they're in. It's not rocket science. I does mean sometimes not having the IPod, the IPhone or the IDebt but then again- what do I know, eh?

PB

[seemslikeadream]

8. Well I actually have no wealth just a house that they can't take from me

a roof over our heads and probably take in boarders

[Poll_Blind]

16. Believe me- true wealth is something like a roof over your head that you can...

..bring your family back into in times of crisis. To me it is, anyway.

PB

[seemslikeadream]

20. yes that's wealth I can believe in

;)

[chill_wind]

24. Same here. A modest house in a very modest neighborhood.

eom

[Naturyl]

29. That's my idea of the American Dream.

Not these obscene McMansions mortgaged to the hilt.

[fla nocount]

34. A backyard you can garden in....

maybe run a few chickens, a kitchen to can and cook in, established neighbors that you can turn your back on. You're rich already...errr, about that room for rent...

[Indenturedebtor]

36. Many of us have had no opportunity to generate wealth

So I think that's where a lot of the "I don't give a shit" crowd comes from.

I assume that you're over 40? I assume that you started your economic journey before massive debt was neccessary to participate in this broken system? No offense but times have changed.

[malaise]

39. Bingo

Conspicuous consumption is a big part of this mess. The gap between our shopping habits and those of my siblings and their partners is mind-blowing.
Simple example - two years ago I was in Miami for two weeks and my sis was expecting our big sis and her family in a few weeks. She was ready to throw out a lovely patio table because it didn't match her lounge chairs perfectly. When she went to work, I headed for the hardware store bought some sandpaper and spray paint. I removed the glass top and scrubbed it with CLR and then shined it with Windex - then I scraped off the paint on the rest of the table, hosed it down, let it dry and then repainted it. By the time she and her hubby returned home, they both nearly had a heart attack as it looked brand new and I had even filled a vase with flowers.

It had not dawned on either of them to simply refresh the table. Many Americans shop because of want not need.

[kitkat65]

5. Who do they think they are? John Boehner?

:sarcasm:

Sarcasm tag cuz it's so hard to tell today.

[Poll_Blind]

7. Heh, I hear ya! I hear ya....! n/t

PB

[PVnRT]

9. "Poor people have color TVs. They must not be poor."

:eyes:

[Poll_Blind]

10. Do poor people also play the market? (?)

PB

[Naturyl]

30. The only market I play is 7-11 for lotto tickets

And very rarely at that, because I don't like gambling.

[depakid]

11. If you had the clue, you'd realize this isn't just about the stock market

Not even close.

Frankly, it would be poetic justice to see the people who've been acting so ignorantly about all this are among the first to lose their jobs.

[Poll_Blind]

14. How much do you pay to keep Karma on retainer like that?

Maybe some of us wouldn't dream of throwing money into a market so clearly corrupt, or bailing it's greedy ass out.

Maybe we should just pump more money into it's broken ass with little oversight. Is that your prescription for a cure?

If not, what is?

PB

[depakid]

21. What's going to happen is narrow minded ideologues

who hate the "greedy" and don't care to learn about the situation are going to find themsleves unemployed- not to mention watch friends and family lose their retirements.

If there karma to be had, like I said- it'll be that they end up losing their jobs and homes first.

[Vincardog]

35. In the first place the greedy financial parasites have been killing jobs for 25 years.

Educated hard working people have been unemployed and underemployed for years.
The Criminal mis-administration of our economy has been eating at our economy from the inside like a cancer.
We have watched as our manufacturing base has been shipped overseas to benefit the financial class.
WE have watched as our IT industry was shipped overseas to satisfy the interests of the financial class.
We have watched as every piece of our economy has been prostituted to benefit the financial class.

Now that we are months away from throwing the financial class's sock puppets out of our White House:
They hold a gun to their head and say "Give us money or the banks get it".

Excuse me but claiming we don't understand is a losing Republican strategy.

[intheflow]

22. Some of us have already lost our jobs.

We really don't have the money to bail out billionaires when their private businesses fail due to their own incompetence. I have a Master's degree but according to you I'm just an ignoramous who deserves what these f*ckers have already imposed on me. Your compassion is commendable. :eyes:

[Name removed]

26. Deleted message

Message removed by moderator. Click here to review the message board rules.

[intheflow]

33. Actually, I think it's you who is all about the me-me-me culture.

YOU couldn't possibly be wrong in either your assessment of me or the financial situation, no one is as smart as YOU. Reminds of the smug superiority complex our current president holds toward the American people.

My guess is you stand to lose some money in the market. I, on the other hand, have never invested in the stock market, nor trusted it was going to save me in my retirement. So really, ignorance is just a matter of perspective.

[depakid]

37. You STILL stubbornly cling to the notion that this is all about the stock market

It's NOT.

It's about credit markets WORDWIDE and the consequences of allowing them to sieze up and make various forms of financing available to all sorts businesses affects every sector of the economy. Both here AND abroad.

Does any of that matter to you?

[Romulox]

42. If it is about credit markets WORDWIDE (sic), then perhaps some other countries would like to donate

[depakid]

43. errr -they have been

European Regulators Move Swiftly to Rescue Lenders

http://www.nytimes.com/2008/09/30/business/30fortis.html

[Romulox]

47. Ummm, no. Paulson and Pelosi want to bail out the Royal Bank of Scotland with American taxpayer $$$

Fortis is a EU company (Belgian-Dutch) being bailed out by the EU. Not at all analogous.

[intheflow]

44. I am not against all forms of bailout.

But I am stridently opposed to rushing blindly into accepting whatever crap the Bush adminstration is feeding us today because I've gotten sick eating all the bullshit they've crammed down my throat these last seven years. The banking industry does not need $700 or $600 billion TODAY. Taking time to craft something that doesn't screw the citizens while making the fat cats fatter is not ignorant, it's intelligent. Better yet, taking time to investigate and prosecute the big business cronyism that led to this mess is an even better idea, but that would take too long, and besides, they'd spend all their accountable money on lawyers and we still wouldn't get justice.

Look, if I had a business that was failing because I paid myself too much money, I would not expect a federal hand out. I would reinvest my money in my business. Quite honestly, I don't see why these people can't sell a yacht or a plane or a mansion in Hawaii to a Saudi and use that money to reinvest in their failed business until after the election. If that's what I would have to do, if I could not count on a government handout to sustain my business, then that's what these modern-day robber barons can do, too.

[dgibby]

38. I agree with your assessment

about the effects of a credit freeze; however, I find your tone toward other's opinions counterproductive. It causes people to dismiss both you and your message, and what you have to say is very important, imo.

[depakid]

46. I guess I just have a problem with wishing misfortune on others

Lots of folks have been through hard times- I know I have. Yet that doesn't mean it's cool to want retribution or "forced empathy" -especially where, as here- much of it will fall on decent, hardworking and ethical people.

[intheflow]

48. As if those of us who don't agree with you have no ethics?

:wtf:

[depakid]

50. Who the fuck said that? Not me.

I simply said- with reference to a particular poster, that ethical honest and hardworking people will get hurt is this is allowed to keep spiralling out of control.

And if you read through the comments on the board- there are several who out and out admit that they don't give a shit about that, due to their having suffered.

I agree with you- it would be preferable to take time to craft more comprehensive legislation.

But- fact is, we don't have that time.

Down the line, I expect that many of yours (and mine and others) suggestions will be put into place via and Obama administration. No one is giving up on them. But that's many months away.

[MilesColtrane]

58. Yes, a desire for vengeance and the inability to imagine just what a major depression means is...

...driving some people.

If only it was just about some banks failing.

[dgibby]

54. You have a great grasp

of the economic situation. It is global, and the credit freeze is going to affect all of us, and it's going to get a lot worse with or without the bailout.
I think it would benefit all of us if you'd start your own thread about this.
I'm an economic idiot, and even though I'd read this before, you explained it in a way that is easy to understand. Just remember, you catch more flies with honey!
:hi:

[Romulox]

41. 300,000 jobs lost in Michigan alone since 2000. Depakid hasn't been as excited about *that*.

[intheflow]

45. Thanks, Romulux.

My family has been affected by the Michigan employment situation. :hug:

[Romulox]

52. One of the good things about being down is that it makes you stronger...

People say the most horrible things about not supporting Michigan workers right here on DU all the time. If I got as emotional about that as these guys are getting about Wall Street, I'd be a wreck!

I know we will survive this just fine. :toast:

[depakid]

49. Of course I have.

Had CAFE standards been raised (against the wishes of Michigan politicians), and had foolish trade policies been rejected- much of that wouldn't have happened.

That said, I've also never opposed the loans to Detroit to help the auto industry become more competitive.

[Romulox]

51. Had federal oversight been increased (against the wishes of New York politicians)...

and had foolish deregulations policies been rejected- much of the current financial meltdown wouldn't have happened.

So what's your point? :shrug:

"That said, I've also never opposed the loans to Detroit to help the auto industry become more competitive."

So you support $25 billion in loans to Detroit, but $700 billion as a gift to Wall Street?

Like I said, Depakid hasn't been as excited about *that*...

[depakid]

56. It's not a $700 billion dollar "gift" -and framing it that way

shows that you don't grasp either the nature of the situation or what's contained in the bill.

As I said- I've NEVER oppposed helping Detroit and Ohio out- though with respect to Ohio, it has BAFFLED ME as to how people there keep voting for the very Republican policies that have devistated their communities.

Me thinks it something in common with the attutides of many of the more vocal of critics and ideologues with respect to the current plan....

[Romulox]

57. Of course it's a gift. If it were a market transaction, it would take place IN THE MARKET

rather than in a secret meeting between lobbyists and insiders in the wee hours of Sunday a.m.

"Me thinks it something in common with the attutides of many of the more vocal of critics and ideologues with respect to the current plan...."

This is one of the unintentionally funny things I've ever read on DU. Seriously. Bravo. :rofl:

[harun]

23. If you had a clue you would realize it is about the WHINING, not the stock

market.

[Romulox]

40. Wouldn't poetic justice be when greedy assholes who made bad investments lose money?

Especially if these self-same assholes preached a theology of the so-called "Free Market" that states as its central premise that risk is the necessary corollary to reward! :D

:hi:

[depakid]

53. If that's all there was to it, we wouldn't be having this discussion

unfortunately, in the lust for "gettin the bad guys" - a LOT more people who had nothing to do with free market fundamentalism will end up being taken down with them.

The poetic justice part comes in when the most vehement of those arguing against somehow "helping the greedy" finds out that they- or their family members were among those taken down right alongside the relatively few whose comeuppance they cheered for.

Fortunately for all of us, Obama understands this bit of human nature- and is trying to ensure that that doesn't happen,

[avaistheone1]

12. Thank you.

Good rant. I approve of this message even though I am not the originator.

:rant:

[avaistheone1]

13. Thank you.

Good rant. I approve this message even though I am not the originator.


:rant:

[chill_wind]

15. That needed to be said.

K & R

[girl gone mad]

17. Amen. n/t

[TZ]

18. Wow.

I actually WOULD like to have a retirement someday, given the likelihood that SS won't be there or will be not enough for me to survive on.
Hooray for me being old and peniless because I happen to work in a world where 401K is my BEST retirement option! Hey maybe I can work till I drop, will that satisfy you.
Geezus fucking christ.
WTF? When did "whining" and "sense of entitlement" become a LIBERAL talking point? IF I want to hear THAT CRAP I CAN LISTEN TO RUSH LIMBAUGH!

[snappyturtle]

25. I hate to say this when I can 'hear' that you're down over today's

outcome but I have to say this: Social Security was never set up to be your total retirement. People who have invested in 401K's and real estate have less today than they did a year ago. Hopefully, you're young enough to see the days get better. Some of us will work 'til we drop. We lost a LOT of money in the S&L "event" and have had to get over it. No one bailed us out. Life is not always fair.

[Poll_Blind]

27. I'm not taking on $6,500 debt to keep you afloat until next time Wall Street threatens The End.

PB

[Poll_Blind]

28. Scratch that, I WILL, if they money goes to help YOU, not nebulous "Wall Street".

PB

[Naturyl]

32. And yet here you are doing those things...

Some of us live on social security right now, despite your claim that it's impossible to "survive" on.

You aren't entitled to wealth. Health is a right. Wealth is a privilege.

[chill_wind]

19. accidental dupe-- self delete

[Vincardog]

31. What Poll_Blind said K & R

[New Dawn]

55. K&R