Comments on: Jobless Claims Hit 16 Year High

By: The Great Deleveraging: Warning Signs, Causes, and Solutions | ePolitical.org

Sun, 23 Nov 2008 05:47:51 +0000

[...] seems like every day, I read an article in the newspaper or in the blogosphere about job losses. record declines in the stock market, nationwide housing price declines, massive bankruptcies, and [...]

By: Steve Verdon

Steve Verdon — Fri, 21 Nov 2008 00:46:18 +0000

Steve, you have a forum here. If you were president, what would you do?

Quit.

By: Brett

Brett — Fri, 21 Nov 2008 00:45:01 +0000

Ah, but keep in mind that a chunk (not a majority, but a large chunk) of that money is being lent to us by foreign lenders, meaning it is coming out of their credit markets (in China's case, since most of the money they earn and then put into Treasury Bonds comes from exports, particularly to the US, that means we're getting our money back). That's probably why such a large amount of money disappearing into the ether hasn't done bad things to the long-term bond interest rates yet.

By: sam

sam — Fri, 21 Nov 2008 00:44:38 +0000

Both, now that I think of it.

By: Triumph

Triumph — Fri, 21 Nov 2008 00:43:41 +0000

I’m sure Barack Obama will get into office and get this mess straightened out right away.

Yeah, right! Hussein caused this whole mess--he sure as hell doesn't have the experience to fix it.

Given that his political patron is the corrupt dictator of Kenya, Adewale Ogunleye, and that the average wage in Ogunleye's Kenya is 500 bucks a year, Hussein and his African allies are just going to bring us down to their level.

By: Dave Schuler

Dave Schuler — Fri, 21 Nov 2008 00:42:26 +0000

sam, do you mean “if he were president” or “if he were king”?

By: sam

sam — Thu, 20 Nov 2008 23:54:30 +0000

Steve, you have a forum here. If you were president, what would you do?