Rolling US Economy Into The Shitbin Thread

Dow tanking

http://i34.tinypic.com/atueco.png

weeeeeeeeeeeeeeeeee

http://images.bloomberg.com/r06/homepage/HP_INDU.png

it was down 670 about 2 minutes ago

Small rally from traders brings Dow up a bit

which is better buy GOOG or APPL

206 Aye to 207 nay

690 a few minutes ago and now around 490

sorry 227 nay

Thanks to the economic downturn that happened earlier this year, I have little in the bank anyways, so a collapse of banking systems would be less of a personal crisis for me.

I like how after years of being lied to by our government, we're in this position where we are like "Oh yeah, give them $700B dollars!" cos we somehow believe them. I don't.

Burn baby burn!

I also like saying that, "seven hundred billion dollars". It's like some ridiculous number you would make up in middle school.

http://i36.tinypic.com/117te80.jpg

reps are trying to convince the nays to change their vote.

One must always say 'billion' in a richly fruity Carl Sagan voice.

The big bailout package is going down in the House, eh? I had better tune in CSPAN and get my share of gooseflesh over this.

Convenient if it does go down for Obama and McCain -- then they don't have to vote on it.

The jury is still out on how much money has been destroyed by asset devaluation (both houses and mortgage-backed bonds), but, yes, this does equate to a big contraction in the money supply.

at least a trillion

I am sitting in the green room at CNN's DC bureau and shit is pretty crazy right now

http://freespeech.vo.llnwd.net/o25/pub/pp/images/september2008/290908criminals.jpg

205-228

The finagling for more Ayes meant they lost one???

http://www.cnn.com/US/9707/12/blackout/daily.news.lg.jpg

LOL at Dow down 12

CONGRESS WILL NOT EAT IT

clerk.house.gov is down

cnn: The measure needs 218 votes for passage. Democrats voted 141 to 94 in favor of the plan, while Republicans voted 65 to 133 against. That left the measure with 206 votes for and 227 against.

So is this Republican uproar because many members of Congress don't want to be punished, being 'accused' of being Bush-followers? They want to keep their seat, no?

being punished on election day that is

The House debate was heated and, occasionally, emotional up to the last minute, as illustrated by the remarks of two California lawmakers.

Representative Darrell Issa, a Republican, said he was “resolute” in his opposition to the measure because it would betray party principles and amount to “a coffin on top of Ronald Reagan’s coffin

http://i2.cdn.turner.com/cnn/2008/BUSINESS/09/29/us.congress.bailout.deal/nyse.t1wide.jpg

to paraphrase- "this deal failed because all of their side were too partisan"

wait, "a coffin on top of a coffin"? Really? Someone said that?

was issa in the funeral home game before getting into congress?

I'm not even sure how to interpret that coffin line, but it's got some poetry.

Issa's...a character. (He's the guy who pushed for the Gray Davis recall in California in the hopes of being the candidate -- and then Arnold announced.)

The economy may tank because some Republicans don't want funeral industry lobbyists to funnel pork into the form of coffins on top of Reagan's coffin, see.

http://www.nydailynews.com/news/2008/04/03/2008-04-03_gop_rep_darrell_issa_under_fire_from_eve.html

Even the name Issa is very Jar Jar Binks.

obama win speech

Eric Canton (GOP) a while ago on CNN: "It's all Nancy Pelosi's fault!"

This fucking guy.

Cantor. Fuck that guy, imho.

Fault? I don't get it.

Wouldn't a GOP stalwart think this is a moment of blazing glory? A vindication of the free market? Proof that vox populi, vox dei and the GOP is its prophet?

Protest happening now outside the House STOP DOUBLE COFFINING pictures at 11

hahahahaha the chart at the top of this thread today!

So is this Republican uproar because many members of Congress don't want to be punished, being 'accused' of being Bush-followers? They want to keep their seat, no?

yes but also because a lot of those guys are actual ideologues who really believe what they say about hating government etc. and the people who elected them do too. i'm sure local talk radio shows all over the country are burning up with people screaming about socialism.

Fault? I don't get it.

Wouldn't a GOP stalwart think this is a moment of blazing glory? A vindication of the free market? Proof that vox populi, vox dei and the GOP is its prophet?

― Aimless, Monday, September 29, 2008 7:09 PM (58 seconds ago) Bookmark

He was on a tangent, saying how both parties had agreed to save AMERICA, but then Pelosi comes along with a speech that sets each party down firmly on both sides of the aisle again. Right.

It's like this commenter on BBC World Service said:

Every republican wants this bill to pass, but no one wants to be the one voting for it.

When Main Street, Anytown, U.S.A. gets a load of its collective 401K shrunk by 60%, they it'll change its tune. Cue the lamentations of the women! Get those extras flogging the ground with their hair, beating their chests and pouring ashes on their heads. Cameras! Action!

Cue the hyperbolic ILX posts!

sorry, not tangent, but tantrum

xxxpost

So Aimless, that covers 40% of America; what about the 60% that don't have 401(k)s?