Asian Markets falling off a cliff--It's obvious now Teabaggers did this

[sfpcjock]

It's going to be really obvious way before Repukes come back from sun tanning with Boehner in September. They'll have to give in to a stimulus.

http://ac360.blogs.cnn.com/

Only the wacko Cato Libertarian (confused conservative), Steven Moore, thinks it's Obama's fault. Ali Velshi and Bob Reich are near panicking.

What happened in Europe today to cause us to plunge was that the biggest banks had to hit up the central bank for loans, i.e., they're broke. Cramer was talking about it on his vlog:

http://video.cnbc.com/gallery/?video=3000040234"> Time to Duck & Cover? Thu 18 Aug 11

[dkf]

1. The most powerful thing about using stimulus is when it gives the public confidence that it will

Work.

That is what makes the relative inefficiency of the earlier stimulus so criminal. It took so long to get the projects going it didn't work fast enough to really cause the wave we needed. I doubt we will be much better at another stimulus. We don't have plans in place to do this properly.

[Rosa Luxemburg]

2. Republicans don't care about children and education

[Kablooie]

7. They don't care about durn furriners either.

[DFLforever]

3. European banks have a lot to do with this as well.

Their solvency is questioned.

[gateley]

4. I don't know why you think they'll have to give in to anything -

they won't do what they don't want to, and they'll NEVER take responsibility for this.

I'll check out the links - thanks for providing them.

[JDPriestly]

5. What I'm wondering is what Obama heard about politics and economics at home.

And here is why I am wondering.

Obama grew up with his grandmother -- at least during his teen years.

And his grandmother was less than ten years younger than my mother, and I think she was from Kansas. That means she must have had some memories of the Great Depression from the point of view of Kansas. They had it pretty rough during that time.

My mother's stories were enough to warn me from every believing the Republican nonsense or trusting Coolidge/Hoover economics. In fact living with my mother who was a teen during the Great Depression and a farmer's daughter caused me to be very interested in how money works.

But Obama doesn't seem to understand what happened in the Great Depression or have had any interest in learning how money works before running for president.

What happened there? What did Obama's grandparents teach him about money, about rudimentary economics?

He doesn't seem to have a clue.

[Firebrand Gary]

6. Its sad that we have to come to this.

Will the people see? Will they see that Republican economics only work for one group of people?

[Kablooie]

8. No.

They haven't seen it for the past 3 decades.
Why would they change now?

[aquart]

9. Still too big to jail?

You want to restore confidence? Arrest and try the bankers for fraud and conspiracy. Make credit default swaps illegal. Make derivatives illegal. Nobody sells a house without all the documents delivered by hand and attested to.

Confiscate the fortunes made by fraud.

Right now the rich can do anything and the poor can do nothing. Except riot.

[sfpcjock]

10. The markets always fall on their collective @sses in late summer,

as everyone knows. The hedge fund pigs want some "bargains" when they come back to the urine smells of Well Street after a month in the Hamptons/Aruba.

[SpiralHawk]

11. "F*uck You, America." - TeaBaggers (R)

"...and the rest of the planet, too. Sneer."

- TeaBaggers (R)