George Bush has been stealing the economy blind for seven years and the stock market drop is a .....

[Stinky The Clown]

......... surprise???????????

Hell-O-oooo ....... financial geniuses ..... where the fuck have you been?????????????

[Ishoutandscream2]

1. No kidding.

Trickle down economics strike again. Greatest deficit in history, and the financial gurus have been telling us that the economy is okay. You could see this coming for a long time, but the MSM has been covering for their Boy George.

[kineneb]

11. correction: tinkle down economics

they get the money, we get tinkled on. Be sure to keep an umbrella handy when approaching them.

[Lasher]

2. I've been laughing out loud at Larry Kudlow saying the same old supply-side shit.

How stupid do you have to be to fall for that propaganda these days?

[tbyg52]

5. All the "supply" in the world will just sit there

If people don't have the jobs and money to buy it.

[Lasher]

8. Even worse.

In the brave new world of this bullshit global economy, tax cuts for the wealthy elite freed up money to create jobs - in China and India, at the expense of US jobs. We were left with the debt.

[Vincardog]

3. How often do we have to ask how long they expected to EXPORT job and import SHIT?

......... surprise???????????

Hell-O-oooo ....... financial geniuses ..... where the fuck have you been?????????????

[bluerum]

4. ,,, and it is starting to look like a recession. Funny how we go from "not quite

a recession yet" to "full blown economic meltdown" over one long weekend.

[AdHocSolver]

17. The stock market and the economy are NOT really linked.

The economy has been in a meltdown for over six years. The major problem with the economy has been the offshoring of jobs, and the resultant trade deficit. The trade deficit has been paid for by borrowing money. At some point the debt is so large that there is no way to repay. Then the creditors no longer extend debt and the economy crashes.

The stock market is a Ponzi scheme that only requires more and more people to throw money at it (i.e., continue to buy stock). The Chinese and the Saudis have been using their profits from selling us stuff to loan us the money that we paid them to continue buying from them. At some point they will decide it isn't worth loaning us money, and demand repayment. Actually, after the mortgage debt meltdown, they decided to call it quits.

To forestall a stock market crash until they can cash in their chips and reap profits by selling their stock, the corporate insiders are selling off our assets to all comers. All of American businesses are being sold off to the Saudis, the Chinese, the Japanese, and various European companies to boost the stock prices until the insiders can bail out. Then the proverbial manure will hit the fan.

The economy is being kept on life support until the big guys can sell out. THEN, the economy will be allowed to collapse. All this maneuvering by the Fed and the Wall Street firms is just to delay the inevitable.

They are not going to do what should be done to restart the economy. What is that you ask? Easy. Get rid of NAFTA, CAFTA, WTO, IMF, and every other treaty and trade group designed to control trade for the benefit of the corporations and to stifle competition. Impose import quotas and tariffs and bring jobs back to America.

A country that manufacturers its own goods does not have to go into debt to buy the goods it requires. Moreover, American workers pay income taxes so that you avoid federal deficits. Lack of debt maintains a strong currency.

Get the picture?

[havocmom]

6. News flash to board rooms across America:

Unemployed and underemployed people DO NOT BUY STOCKS

Seems selling stock is all the CEOs have concerned themselves with for a generation. To hell with actually making products/providing services! THAT takes payroll. Just arrange things to look good on paper and sell paper....

Ponzi only works when people have coin. People are outta coin. The geniuses with the big pay checks and options really didn't deserve them after all. What a surprise NOT.

[UpInArms]

7. hope this is not directed at the SMW

or its regular posters!

:hi:

[kineneb]

12. do not think so- at Dimbulb and the Cronies

a really bad band- they sound terrible and cannot manage their funds worth a damn...

[immoderate]

9. I'm not an economist but...

As recently as last month, I had my conservative friends claiming the economy was doing fine (while carefully disavowing Bush.) And then I would befuddle them with some simple question, like "can you spend more than you take in?" or "shouldn't trade go both ways?" or "shouldn't an economy make something?"

And they pause, and say, "Well I'm doing OK," and that would be the end of it. Well, except for my taunting, of course.

None of them bring it up to me now.

--IMM

[femrap]

10. I remember when Raygun's

'voo-doo' economics was proven a scam. Does every damn generation have to learn the same damn lesson? Wasn't it Stockman who came up with the crap and then finally admitted it was totally wrong?

Supply side, my ass. Trickle down...my leg. Voo doo....you do.

OK, I got a bit carried away....but when $ is tight and no one is having any fun, I have to do what I can to entertain myself.

[Skittles]

13. it had to hit bigwig's portfolios before they would pay attention

they don't give a rat's ass about the rest of us

[Dont_Bogart_the_Pretzel]

14. Nope, Bush has been stealing it while every one watches and

no one in the media has anything to say about it, or refuse to say anything bad about Bush.

[wintersoulja]

15. who'da thunk it?

like father like son?
family values.

[fascisthunter]

16. Those So-Called, Financial Geniuses

were sucking on the same tit, that's why.

Only a few principled ones said anything.