Comments on: “I blame it on the Recession” – the trendiest excuse

By: Nixon Schmixon

Nixon Schmixon — Thu, 12 Mar 2009 23:14:40 +0000

I must agree with Mr. McGee that dropping the Gold standard in 1971 was a mistake. As history recorded it, it was done under Pres. Nixon of GOP. Now I cannot claim that things looked clear back then, but probably Mr. Bernanke would face less challenge and even manage to do his job properly with at least one properly regulated market. These might be just the ramblings of an old man, but I don’t remember another time where bank clerks from the Street owned so many house in Spain as today.

By: hochmeister

hochmeister — Wed, 11 Mar 2009 16:51:41 +0000

Stien is dead on. The obvious conclusion then is that our new enlightened elite in Washington want to get the most out of the crisis even to the extent of prolonging it. They are counting on their crisis mandate to make all their pet social projects and dream earmarks a reality which are in fact counter to a healthy econmy. They are betting that the natural economic rebound will come into motion just in time for the 2010 election cycle so they can claim victory by the applicaiton of their enlighted policies. Soak up the irony comrade.

Be sure to use 2 ply .001 ” foil in the construction of your cranial faraday cage.

By: Delmer Skeets McGee

Delmer Skeets McGee — Wed, 11 Mar 2009 16:37:56 +0000

Correction: Supply not Velocity.

I really need to quit pulling these all nighters.

By: Delmer Skeets McGee

Delmer Skeets McGee — Wed, 11 Mar 2009 15:58:52 +0000

I won’t quibble about your apparent distaste for Mr. Stein’s appearance; I can’t say his looks ever really played into my assessment as to his intellectual capacity or the worth of his words. Obviously, this is a metric which you measure said characteristics by, so each to his own.

For the record, he stated that Bernanke was doing a fine job tending to the velocity of money:

“Mr. Ben Bernanke, head of the Federal Reserve, has been doing a fine job of keeping the supply of money pumped up. Score one for him. ”

He did not offer carte blanche support, nor recognize any other action done by Bernanke other than that issue; To which I have to agree, the cash is flowing; the world is still buying our debt and we are printing money like it’s going out of style. Personally, I question if that’s a good thing, then again, I bitch ’cause the US is no longer on the Gold standard but I digress.

As far as Katrina, it was clearly George Bush’s fault that there was a hurricane and that people had no idea a storm was coming. Why, they only had 3 or 4 days notice, that’s hardly enough time to get out of a life endangering situation! I mean who knew a hurricane could be so destructive? The Gulf coast has never had hurricanes before, it’s pretty obvious that’s a sign of man made global warming; which all ties back into the military industrial complex; which means the Gov’t could have used the ( Majestic clearance) Diblemeyer device to raise the coast far enough above sea level to prevent damage, but they didn’t want to because they were under orders from the freemasons who built the levy’s!

Now, if you’ll pardon me, I have to fashion a hat out of aluminum foil and coat hangers…

By: Jesse Livermore

Jesse Livermore — Tue, 10 Mar 2009 20:14:02 +0000

whoever looks like that Stein and says Bernanke ever did a fine job is a w*anker. if the real Jesse would still be alive, Stein would accuse him of causing the recession. every crysis has its Steins and Bernankes – remember Katrina?

By: Delmer Skeets Mcgee

Delmer Skeets Mcgee — Tue, 10 Mar 2009 11:13:39 +0000

5 year olds: Ha! I have a 3 year old myself; just a moment ago he was trying to convince me he needed more licorice before bedtime (I know it’s 4am, long story). I wasn’t expecting Wall Street or any other enterprise to shun the packages, just get their thumbs out of their virtual arses and do something in the meantime. Here’s an analogy : With a shipwreck, If everyone treads water waiting for a rescue boat, it’ll take a lot longer time to reach safety than if they actually swam toward the boats!

As to tar and feathering, think of all the poor birds that would have lose their feathers – can’t we just use tar and (pink and fluffy stuff) fiberglass insulation?

Oh yes, I dropped in to note this piece from Mr. Ben Stein:

http://www.cbsnews.com/stories/2009/03/08/sunday/main4852193.shtml?source=RSSattr=HOME_4852193

By: Rocka Rolla

Rocka Rolla — Thu, 05 Mar 2009 11:55:27 +0000

Delmer dude, put things into perspective – the Street opposing the stim packs would have been like my 5-year old denying Santa. But on the other hand I can see your point – 5-year old alikes hoarding bonuses are welcoming the stimpack and thinking Santa sent it their way.
keep feathers and tar ready!

By: Delmer Skeets McGee

Delmer Skeets McGee — Wed, 04 Mar 2009 12:27:55 +0000

that was supposed to be “short term”…DoH!

By: Delmer Skeets McGee

Delmer Skeets McGee — Wed, 04 Mar 2009 12:26:41 +0000

I was opposed to both Stimulus packages & I truly feel the worst thing to come from them on the shirt term (let’s not even touch the long term impact they’ll have) that the attitude of “let’s wait & see what we can get out from the packages” has permeated all level of US enterprise – After 9/11 America pulled together in mentality of
” Root, Hog or Die!” …I don’t recall anyone (human or legal / corporate entity) sitting around waiting to see how much more milk they might be able to squeeze from Uncle Sam’s teat if they only waited a couple of more days/weeks/months; looking at the marketplace today, that’s about all I see.

I am in complete agreement with your sentiment…To hell with the recession; there’s a time and a place to use another’s momentum (against them) and there’s a time to create, to BE the momentum!