I don't think so Steve. Iraq is going to be a Democratic loser next year. Wave after wave of our GI's returning home successfull. With all the funds committed to areas Democrats don't like, its going to be hard for your side to please your donors wants and desires. Some "lame duck" president isn't it. Dems can't make many of the changes they wanted or thought would happen with their new found authority. It's been quite a year. Even the Sen Reid's numbers in NV are down below the president. His re-election could very well be in doubt for 2010. Kyl's numbers are above 50%.
Posted by peter at October 16, 2007 09:36 AMWhat happened today was that net foreign puchases of US securities turned to net foreign sales of US securities. By selling US securities foreigners said "Get your finances in order". The rest of the world knows how bad the subprime debacle is. The Bush administration has been trying to sweep it under the rug, hoping it will all go away. They now have been told that until they come clean, US securities are a bad investment. The US economy cannot survive without foreign investment.
Posted by Neal at October 16, 2007 10:28 AMPeter where do you get Kyl's numbers from?
If you're referring to Kyl's numbers in AZ, he is down from when he won re-election, way down. Double digit points. Fool, coming here to preach your GOP talking points with no real facts.
He is nothing but another bush-bootlicker and will get his ass kicked in 2012. Of course he will probably get the Senate minority nod once McConnell gets dumped in his state.
Iraq and the economy will both be issues for '08. Neither will be "loooookin' gooood", to pick up on a "jj" reference someon made on another thread.
As I write oil is at $88. US gas stocks are low. Exports are starting to constrict as the demand in exporting nations naturally increases. Foreign investors and central banks are retreating from the dollar, which will keep pushing oil prices up, and make our enormous trade deficit unsustainable.
One cannot increase the national debt by 60% in six years without suffering injurious effect---ours is now over $9 trillion as we enter a recession. Tough luck, American Bush-voting fools.
The BushAmerica economy was a house of cards and its days are numbered. There isn't much that can be done about it because reform would require actual adults running a responsible government and a destruction of the juvenile, crazed Repub party. So the imperial show is about over.
The dollar will never return to strong currency status and it will have to cease being the world's "reserve" currency. That'll cost us, big time.
Worst president ever.
Posted by euzoius at October 16, 2007 12:05 PMPeter, I don't know how many times I have to restate this. You are an idiot, a bootlicking, toe-tapping, drop of excretion. How much are you paid to annoy people? And why do you still post?
Posted by tempus at October 16, 2007 12:33 PMAnd remember that the purpose of any "bailout" bill will be simply to aid wealthy investors now holding the trash mortgage backed securities, and giant manipulative banks still trying to unload them on the next sucker.
A "Bailout" here will cost the treasury an astronomical sum. Who should bear the risk of fake, fraudulent "securities": Wall Street and its mega-wealthy clients (who came up with and enabled the scam) or the ordinary schmoe taxpayer?
Posted by euzoius at October 16, 2007 12:38 PMthe cost of playing war by Baby George will haunt this country's economy for the forseeable future. History will show that Bush squandered a huge budget surplus, handed to him by Bill Clinton, on Tax Cuts for the Rich and a phony war to the detriment of America's financial future. We are in the worst housing slump in 16 years, which neatly bookends the two Bush's presidency's. Even the GOP's own economic shill, Greenspan, recently slammed the Bush economic policy. We are in hock to China up to our necks and our dollar is diving across the world. Oil is skyrocketing as we blow up the oil fields in the Mid-East to fulfill Israel's wishes. The Bush Years.....
god help us until he is gone.
Steve, Nouriel Roubini has a very extensive post ("Super Bailout shell game?") up on his blog, explaining how this latest maneuver is a clear public bailout by the Fed and Treasury of the largest banks in America who concocted and enabled this mortgage backed securities scam and now find themselves facing huge losses, which they refuse to accept and recognize.
More scandal, more help for wealthy cronies, more manipulation of our public institutions solely for very special interests. It just never ends, and Congress acts like they haven't even heard what's goin' on. Wonder what Hillary thinks of this? bailout?
Posted by euzoius at October 16, 2007 01:21 PMI wonder what Hillary thinks of the new CNN poll showing her barely ahead of Giuliani in a possible match-up. Ugh. Lots of people hate her, and have no clue about Rudy. The new poll also shows Freddie Wrinkles dropping like a stone. Right now the general election would be a toss up between Rudy and Hil, and that ain't good news. An then there's Al Maliki, who apparently thinks his government runs Iraq. He's going to "order" Blackwater out of Iraq. Time for another phone call from the War President, I guess.
Posted by T2 at October 16, 2007 02:04 PMPardon me folks, I listed Kyl when I should have listed Ensign at 51% approval curteous of the Las Vegas Review Journal.
http://www.lvrj.com/news/10545847.html
I'm sorry folks for mixing Kyl with Ensign.
Posted by peter at October 16, 2007 09:02 PMyeah pants-pissing peter, keep on whistling past that graveyard. 12 ReThug congresscritters retiring compared to 2 Dem (they are running for the Senate). How many ReThug senators not running for re-election next year? And now the senator from Texas says she will not run again.
Iraq, the economy, and don't forget health care! The ReThugs are screwed.
Posted by Gay Veteran at October 17, 2007 05:29 AMpeter, for goodness sake, don't worry about it!
It's not like you have a shred of credibility.
Posted by euzoius at October 17, 2007 08:37 AM