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864 Comments
- jfej004, on 10/06/2008, -136/+608Too bad the public is too intellectually shallow to have embraced Ron Paul who has been the only politician who has been predicting this mess for years...AND SOME IGNORANT AMERICANS ARE STILL UNWILLING TO LISTEN TO WHAT THE MAN HAS TO SAY! WAKE UP, AMERICA!
Does anyone really think Obama or Mccain have the SLIGHTEST clue what is going on??
VOTE FOR A THIRD PARTY OF YOUR LIKING FOR REAL CHANGE! - badqat, on 10/06/2008, -23/+329Ah, but you realize we've not even come close to scraping the surface of money for "bailouts" yet. Rather than let the markets work without modification, our leaders decided to pour gasoline on a smoldering ember. Boom!
And now we've got "authorities" like Jim Cramer calling for a run on the market...pull all of your money out...and soon, there will be calls for runs on banks.
No amount of government teat is going to prevent the market from adjusting itself or stopping this slide. - BillE3, on 10/06/2008, -18/+182The revolution the citizens should be advocating is the removal of every single incumbent congress member that voted for the bailout. Those few patriotic and intelligent congressional members that voted against the bailout should be rewarded with positions of leadership. They were members of both parties that realized the error of a bailout and earmarks were a very bad decision.
We no longer have a free market capitalistic system, it has been converted to a government subsidized socialist economy. This will cost our children's children their futures. The recovery will be extended for decades, much the same during the great depression. If the "new deal" had not been enacted the economy would have recovered much quicker. It was only until the war effort of the 40's that stimulated the economy. - mdonato, on 10/06/2008, -37/+199"Monetary policy is critically important."
-RON PAUL - inactive, on 10/06/2008, -30/+179There will NEVER be enough Bail out fiat money. Until, Americans wake up homeless in the land their founding forefathers bequeathed to them! [verbatim] Thomas Jefferson.
The only way to stop the train wreck headed on a collusion course is a return to sound monetary policy as stated in the Constitution of the United States. That means KILL the privately owned FED. And voting for the lesser of the evils is NOT going to help but only accelerate this madness. Wake up sheep. - Schpamm, on 10/06/2008, -30/+125OMG!!! OMG!!!! 500 POINTS!!! PANIC!! DEPRESSION!! NEW WORLD ORDER!!! RON PAUL MUST BE ELECTED!!!
THE DOWN HASN'T BEEN BELOW 10,000 POINT IN......
4 years?
Oh. - chocula78, on 10/06/2008, -13/+106Does this not surprise anyone else? I am beginning to think the bailout was only a ploy to further delay a real collapse until after the first Tuesday in November.
- raskali, on 10/06/2008, -4/+94I just pray the wooden arrows are safe.
- k3rfuffl3, on 10/06/2008, -25/+114Ah, Diggers... Bunch of retards. Do you really think it's going to take a week for $840 billion to circulate into the system? It'll be months and months if not a couple of years before anyone realizes what effect the bail out will have for sure. This is just panic selling by the same retards that got us into this mess. The same retards who created the housing bubble by investing in something which wasn't worth much. This time they're doing the opposite.
- jackmon, on 10/06/2008, -11/+98I'm sure I'll get dugg down for this but...
The point of the bailout was not to prevent the stock market from adjusting. It was to prevent the collapse of credit and a freezing of the economy. I'm not saying that the plan was good or even necessary. But a further declining stock market is not de facto proof that the plan was a bust. - twistaspliff, on 10/06/2008, -29/+101If only your vote counted, this would make sense. If I were you, I would be more worried about martial law being declared and the elections suspended. That is a much more likely scenario now that troops have been deployed domestically and the markets are in freefall.
- latrosicarius, on 10/06/2008, -5/+71They are not "bailouts". They are "rescue plans". Now, doesn't that make you want to vote for it?
- DiscoLando, on 10/06/2008, -23/+83www.campaignforliberty.com
The time has come to shed ourselves of the false dichotomy known as the Two Party System. Real economic and fiscal changes are needed, and the Republocrats just aren't going to cut it anymore. - mnewcomb, on 10/06/2008, -5/+64I'm Republican and, um, the Republicans have just as much ownership in this as the Democrats. When will you sheeple (I say that because I was one once) realize that the Democrats and Republicans are just one big party!
Both Obama and McCain voted for this bailout... - AndrewMoyer, on 10/06/2008, -5/+60Just like the Department of War --er, Defense.
Euphemisms suck, but evidently they work. - MoralThreat, on 10/06/2008, -26/+79Don't tell me how to vote.
- alphaterminus, on 10/06/2008, -4/+57The next one will no doubt will be the "The Great United States Patriotic Jesus Economic Deliverance Act of 2009."
- jturn, on 10/06/2008, -17/+63"I give everyone on digg a boner"
-RON PAUL - inactive, on 10/06/2008, -16/+58I'm serious, we need to get out of our computer chairs and do something! Ron Paul isn't going to do this alone. Who's first? I've got laundry to do..
the dow is down 700+ points currently as this article is already old -
finance.google.com - ethanpack, on 10/06/2008, -3/+44Go Patriotic Jesus!!
- inactive, on 10/06/2008, -13/+53Oh for *****'s sake, another article with every other comment being some variant of "WAKE UP AMERICA!!!" I am so goddamn sick of that expression. What does it even mean? Not everyone has your view on the situation - I'm not saying they're right, but they certainly don't see things the same way, and shouting for them to wake up isn't going to do any good.
- 22pages, on 10/06/2008, -7/+45Nothing demonstrates intellectual depth better than ANGRY SLOGANS IN ALL CAPS!
- j0hnk377y, on 10/06/2008, -1/+38There is money to be made when the market goes up or down. Use your head and figure out how to make some cash. Movement is good.
- evilbob333, on 10/06/2008, -0/+37The public lit up capitol hill for the last two weeks saying no bailout. And they got roundly ignored.
- macman2k, on 10/06/2008, -2/+38The war didn't stimulate the economy... the fact that we were the only country that didn't have its factories completely destroyed by the world gave us a HUGE competitive advantage coming out of the war. War NEVER stimulates the economy (broken window fallacy)
- thebaron2, on 10/06/2008, -6/+39There is good news, though. The dollar is getting strong (gained 2 more cents on the Euro, and about 3 on the pound) and oil is falling ($89.10/barrel).
Gas at the pump is also down 2 cents from Friday with the national average at $3.504.
http://money.cnn.com/data/commodities/
http://money.cnn.com/2008/10/06/markets/oil/index. ...
If this teaches us anything (we on Digg, I mean) it should be that the comment section on Digg is hardly the place to come for financial and market information. Everyone's an expert, but things hardly pan out the way they're predicted here.
Remember hearing how crude would never go below $100, and that we were sure to hit $200/bl by mid-late summer? Predictions on here were emotional and overblown at least 75% of the time. And now we see the same emotion and hollering regarding the bailout and the current credit crunch.
I think it's time for all of us Joe Average's to sit back for a minute and listen to the guys with economics degrees and much more experience in these matters than a night spent Googling "credit crisis +solution". - odigity, on 10/06/2008, -3/+35You mean this?
http://en.wikipedia.org/wiki/Plunge_Protection_Tea ...
How many people never heard of this until Ron Paul asked John McCain about it in one of the debates? That was comedy gold. :) - sousademiami, on 10/06/2008, -14/+46OMG OMG! It's been a day and the bill that just passed hasn't suddenly made us all rich!! Fire everyone!!!
Warren Buffet, you may know him as the guy who predicted all this/richest man in the world, said it would take 6-9 months to see *signs* of the bill working to help the economy.
I'm sure the reactionary Ron Paul fans will bury this, but he didn't become the richest man in the world by being wrong most of the time. - twistaspliff, on 10/06/2008, -42/+74The Rothschilds are consolidating their global interests into the NWO. Meanwhile, the general public has no idea what is really going on. Everyone has been programmed to believe that everything will always get better, because it always has before. Anyone who tries to tell them different is just a "conspiracy theorist", and can be safely ignored as they turn up their TVs to drown out the truth with more propaganda from the MSM Matrix.
- dave122, on 10/06/2008, -5/+36Freedom is Slavery. Ignorance is Strength. War is Peace.
- DrDustbunny, on 10/06/2008, -0/+31Mo Money Mo Problems.
- Narcowski, on 10/06/2008, -9/+40I still think Kuccinich vs Paul would have been the best possible contest this year. Get people to make up their goddamn minds about what they believe rather that prancing around a moderacy which has been migrating consistently to the right and authoritarian side of center.
- rivasj, on 10/06/2008, -11/+41fear = control. 9/11 all over again...so what rights are we willing to give up now?
- latrosicarius, on 10/06/2008, -6/+35VOTE THEM OUT.
- bushout, on 10/06/2008, -4/+33Stocks go down because of sentiment - which can be wrong.
It's waaaaay too early to tell what the bail out (which I was against) will actually do. - Avatar, on 10/06/2008, -0/+29Best laugh of the day as I sit here watching the DJIA slide to -758. Thanks raskali. I'm praying for the Rum merchants myself.
( I'm still laughing...) - inactive, on 10/06/2008, -1/+29HBO Hacking Democracy
This cautionary documentary exposes the vulnerability of computers - which count approximately 80% of America's votes in county, state and federal elections - suggesting that if our votes aren't safe, then our democracy isn't safe either
http://video.google.com/videoplay?docid=-476215926 ... - homerjs, on 10/06/2008, -3/+31Why Santy Clause why? Why are you taking our Christmas tree away ?
- TnTBass, on 10/06/2008, -1/+29http://en.wikipedia.org/wiki/Panic_of_1837:
"Of course, the initial Government intervention in the market had inadvertently been part of the cause of the problem, and further intervention might or might not have been useful. Jacksonian Democrats blamed bank irresponsibility, both in funding rampant speculation and by introducing paper money inflation. This was caused by banks issuing excessive paper money (unbacked by bullion reserves), leading to inflation."
History, meet Present. Present, meet History. It looks like you two have something in common. - TheMachine1, on 10/06/2008, -1/+29Its not the bottom till Ebay allows sales of shotgun shells.
- chuckDontSurf, on 10/06/2008, -1/+28I'm sorry, your intelligent, rational comment has no place on this thread.
- ffttoteof, on 10/06/2008, -1/+28"What did he do to prevent it?"
Well... he ran for president.
"Clearly he didn't have good enough evidence to prove it..."
Or maybe the average person is more concerned with a candidate's middle name instead of any issues that require real, actual thinkin'. - vxp19, on 10/06/2008, -0/+27newsflash: governments do not pay attention to even their OWN mistakes, let alone somebody else's.
USA is not unique in this wonderful feature, we (Russia) are now making the same mistakes you've done in the past.
I always thought they should create a "Ministry of Non-Retards" or some such, whose sole job would consist of learning from your own past and everybody else's past. Then they'd be able to tell Duma / Congress / whatever something like "no, dont ***** do that, its been tried over there and over here, and it ***** failed". Or "hey, perhaps you should do something like that thingie over there and over there, looks like its working out pretty good."
That'd be the single most useful ministry out there.
Too bad it won't ever exist. - dystra, on 10/06/2008, -0/+27***** it.....Impulse 101!
- Brallit, on 10/06/2008, -14/+40Fine.
Just let McBama continue to rape our country.
A vote for McBama is a vote supporting those who supported the bailout.
A vote for McBama is asking to let the FED continue to grow and gain power.
As for me, I will NOT support either of these crooks. So 3rd Party is really the only option in my mind. - Hetman, on 10/06/2008, -6/+31I seem to remember something in history class. It was about this country that was incapable of allocating resources properly. They just wasted money on things that were worthless and did not work. I cannot exactly remember what happened, but I think it had something to do with an economic and collapse. Damnit what was the name of that country. We faught some type of warm war with them or something. I do not really know. But anyways who really cares about history anymore.
- thepotatoman, on 10/06/2008, -1/+26not for long...
- theratdotus, on 10/06/2008, -11/+35zeitgeist part duex explains it all well. money is debt, and debt is money....where is your money? no where. money is just a number of trust....and come on, who do you trust?
- inactive, on 10/06/2008, -2/+25Repeal the Federal Reserve Act. Repeal the 16th and 17th Amendments. That is all we need. When these are gone, We the People shall prevail once again.
- inactive, on 10/06/2008, -3/+26Vote third party only! Toss the bums out all of them!
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