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Greenspan...I made a mistake to think the

Posted By: Free market would correct itself...sm on 2008-11-10
In Reply to: Four years ago makes it no less valid and... - Kendra

Being familiar with your posts, I will not be spending too much time here trying to get you to open you mind up to something other than your own opinion. Try tuning in to the money talk shows on CNN and CSPAN or listen to what some of the leading economists are saying about THIS particular set of circumstances. Studies of 2004 could not have foreseen the destruction that IS the W. Either you are interested or not. I'm done arguing with or trying to do someone else's reasearch for them. Election's over and I will be spending my time planning to take advantage of the new opportunities that will be opening up for small businesses for me and my husband, now that an affordable health care plan is within sight and there will be SB resources popping up right and left in the near future. It pays to plan ahead and at long, long last, my plan is to blast myself as far away from the outsource and decay of my MT profession of 27 years. Greener pastures are in my future.


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Even GREENSPAN admitted to his mistake to believe
correct themselves. Deregulation and the politics of greed are not a democratic platform plank. Unbelievable that this camp would STILL be trying to garner all that compassion and sympathy for the rich.
Yep, made a mistake, should have been why would anyone BAN you. SM
People do that all the time on the board, don't make a big deal out of it and I am perfectly FINE here.  Why.....feeling uncomfortable?   It's not like you guys don't take pot shots on the Conservative board now is it?
I'm sorry. i made a mistake

I got it mixed up with the EMS tax of $250. It's called Per Capita Tax (right to breathe) . The PCT s only $5.50. Then we have occupational priviledge (right to work) tax of $10, local income tax 1% of gross income, school tax (and doesn't matter if you don't have school kids) $1500, county tax $400. Then there is the business priviledge tax if you operate business $10. On top of that is the state and federal income tax.


All taxes are due April 15th except the county and school taxes. They are paid April and October but still, it's just sickening what we pay. Now the gov. wants to raise the sales tax and make us pay it on everything we buy.


It has to stop. Oh, yeah, that's right, it will when we are dead and buried unless they put a yearly tax our final resting place. Oops. Shouldn't have said that. They might get the idea to do just that.


 


 


gt you just made a huge mistake. sm
You have no idea what my religion is.  I would never make an assumption like this.  This one statement of your's and the other person who called me a Xtian (too darn lazy to type out Christian) reveals the true inner workings of the leftist mine.  If you are not with me, you are against me.  That's your motto and no one could possibly be as well-informed as you.  Why, if I were to take some of your bizzare sayings, i.e., burning in hell and such, I might think you are a satanist.  Are you?  Can't prove it by me.   Amazing.
I made the mistake of feeding the gt troll
won't make that mistake again.  There is no debating with a sociopath.
No, what happens if you finally realize you made a mistake. nm
x
Opps! Watched it again and again. I made a mistake, sorry.
He didn't ask O what he was going to do about it.
I made a mistake and was trying to respond to the post below by *LOL* when I wrote that.

in the article you posted, nor did I see the word *impeach* anywhere in the article.


I agree with your comments and with the article you referred to, and I understood the comments of LOL to mean that the article was responding to some sort of "talking points" and using the word impeach often, when in fact, it can't be found once in that article.


As far as impeaching Bush, I believe time will tell.   I personally believe he's guilty of war crimes, and that his war will be judged to be illegal before the end of his "reign as King of the USA." (if we all manage to survive that long).


The mere fact that he led us into this war based on lies should be enough to impeach him.


If I offended you, then I truly apologize.  I agree with you and I'm glad you posted this article.  I surely wouldn't have referred you back to the very article you obviously read and posted and tell you to educate yourself, and in no way, shape or form do I believe you are ignorant; far from it.


If you posted the LOL statement below, then I apologize for misunderstanding what you meant by it.


I made a mistake when posting my post, and instead of winding up under the intended post, it wound up under yours instead.  Again, I'm sorry if I offended you.


oops - made a mistake - the other guy's book was released during the campaign -
I am sorry that I was wrong. Obama's book had already been released.

The first copy obviously sold really well though considering the amount of money they paid him to do the sequel.
Seems even GREENSPAN is rethinking your scheme.
markets would regulate themselves." Looks like at least the economics lab will be open for business and cooking up some experiments. Remember voodoo economics when pubs had a finger-pointing field day? Change is the name of the game.
Greenspan Backs Bank Nationalization

by: Krishna Guha and Edward Luce, The Financial Times


photo
Former Chairman of the Federal Reserve Alan Greenspan has come out in favor of nationalizing some banks. (Photo: Reuters Pictures)




    The US government may have to nationalise some banks on a temporary basis to fix the financial system and restore the flow of credit, Alan Greenspan, the former Federal Reserve chairman, has told the Financial Times.


    In an interview, Mr Greenspan, who for decades was regarded as the high priest of laisser-faire capitalism, said nationalisation could be the least bad option left for policymakers.


    "It may be necessary to temporarily nationalise some banks in order to facilitate a swift and orderly restructuring," he said. "I understand that once in a hundred years this is what you do."


    Mr Greenspan's comments capped a frenetic day in which policymakers across the political spectrum appeared to be moving towards accepting some form of bank nationalisation.


    "We should be focusing on what works," Lindsey Graham, a Republican senator from South Carolina, told the FT. "We cannot keep pouring good money after bad." He added, "If nationalisation is what works, then we should do it."


    Speaking to the FT ahead of a speech to the Economic Club of New York on Tuesday, Mr Greenspan said that "in some cases, the least bad solution is for the government to take temporary control" of troubled banks either through the Federal Deposit Insurance Corporation or some other mechanism.


    The former Fed chairman said temporary government ownership would "allow the government to transfer toxic assets to a bad bank without the problem of how to price them."


    But he cautioned that holders of senior debt - bonds that would be paid off before other claims - might have to be protected even in the event of nationalisation.


    "You would have to be very careful about imposing any loss on senior creditors of any bank taken under government control because it could impact the senior debt of all other banks," he said. "This is a credit crisis and it is essential to preserve an anchor for the financing of the system. That anchor is the senior debt."


    Mr Greenspan's comments came as President Barack Obama signed into law the $787bn fiscal stimulus in Denver, Colorado. Mr Obama will announce on Wednesday a $50bn programme for home foreclosure relief in Phoenix, Arizona. Meanwhile, the White House was working last night on the latest phase of the bailout for two of the big three US carmakers.


    In his speech after signing the stimulus, which he called the "most sweeping recovery package in our history", Mr Obama set out a vertiginous timetable of federal decisions in the coming weeks that included fixing the US banking system, submission next week of the 2009 budget and a bipartisan White House meeting to address longer-term fiscal discipline.


    "We need to end a culture where we ignore problems until they become full-blown crises," said Mr Obama. "Today does not mark the end of our economic troubles… but it does mark the beginning of the end."


Ha Ha my mistake
I missed that paragraph in your post. Sorry. I just gave myself 40 lashes
That's not a mistake.....
...everybody knows O can raise the dead with the proper stimulus.
Huge mistake
I have been banned from this board a long time, and finally they let me back in.  There is a post from this Nan person, a cartoon justifying it as filbustering T. Kennedy; when in essence it makes a mockery out of thousands of Americans, and even more Iraq's lives lost.  I did go on the wrong board, I did not intend to, honestly.  I have not been on this board for more than 4 months until last night; and I can understand the moderator's decision to change it; but I really did not know.  Who is this Nan person?  She must be a moderator because if you challenge her with the truth one iota, your posts are deleted.  Again, the moderators have allowed me to get away with a lot.  I do understand their decision to split it into conservatives and liberals; and I have no excuse, I have had an extremly stressful week, went on there to express my opinion and my posts were deleted, I simply went on the wrong board and once again was called a troll.  Anyone who disagrees with this Nan person is accused of being a troll. 
No we didn't and it was a mistake, but it
also wasn't our stated mission to TAKE OVER THE COUNTRY, just to get them back out Kuwait.  You'd have griped even louder back then if we'd done that, screaming about going against UN mandate.  The likes of Phil Donohue didn't even want us to go after the Taliban.  to some there is nothing worth war.  It never ceases to amaze me the lengths you people go to find fault and place blame and denigrate your own country.  Of course that is until a Democrat gets back into office.  Then none of this will matter, right?  I can't wait to see you explain away the next terrorist attack or disaster that will most certainly occur once you install Billary into the white house.
It was a campaign mistake for her to go on
She wasn't funny. They made fun of her. I thought it was humiliating for her.
Please do not mistake this for the real
Nanaw!
I would never make the mistake of a prediction like that.
for either side.  Having confidence in your party is one thing.  Speaking for your party is another.  I believe there are many liberals who would find the things you have to say and the way you say them anathema. 
Hopefully a mistake, but why try to sweep it under the carpet?
nm
So this is a mistake? Reading that article

Was this a planned pregnancy?  Maybe, maybe not?  Who knows but the girl that obviously is having sex and not using birth control.  Hello?  Is this the year 2008?  Whewee... 


Sounds to me like this young father is stepping into quite a family!  VP as his MIL; whatta guy!!!!!  It's a shame more young fathers don't step up and marry their children's mother, but this one sure is.... 


Help please...you mean a mistake to vote democrat for....
congress last cycle?
You say God is creator but mistake of nature....
xx
Where do you see a mistake? His nickname starts with D nm
x
dont mistake your distorted

opinion for fact.


 


oops, terrible mistake, but looks like some
xx
As a Christian that is not a mistake you would make.
Would you ever hear a middle eastern person accidentally say "my christian faith"? I think not.
My mistake too....I did not want to debate and asked not to...you kept...sm
trying, too, though, and I should have ignored your barbs, even though you didn't think that they were.

My apologies for not having a thick skin of armor on.....will not in the future respond back.
No, but it goes to show you anyone can make a mistake
Heck, I always though Africa was a country...i.e. - What country are you going to on vacation? Answer: Africa.

The fact that she didn't say it makes it less credible to believe any of the malarky.

Which by the way according to Obama we have 57 states
I posted your reply above by mistake....
the "You don't have to look" post.
It was Roberts' mistake...here are the facts.
WASHINGTON - It was merely a formality and it’s probably a few phrases that both Barack Obama and Chief Justice of the United States John Roberts have practiced several times, but the leader of the Supreme Court may have been just a tad nervous when he got one word of the presidential oath of office a little out of order.

Obama smiled slightly when he realized that Roberts, a fellow Harvard Law School graduate, misplaced the word “faithfully” during the oath. but the new president joined in the fun and repeated it the way Roberts initially administered it. (Lest we forget, in the Senate Obama voted against confirming Roberts to the high court. Last week Obama met with him and the other Supreme Court justices during a courtesy call.)

Here is how the oath is supposed to be administered: “I do solemnly swear that I will faithfully execute the office of President of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States.”

And here’s how it went:

ROBERTS: I, Barack Hussein Obama…

OBAMA: I, Barack…

ROBERTS: … do solemnly swear…

OBAMA: I, Barack Hussein Obama, do solemnly swear…

ROBERTS: … that I will execute the office of president to the United States faithfully…

OBAMA: … that I will execute…

ROBERTS: … faithfully the office of president of the United States…

OBAMA: … the office of president of the United States faithfully…

ROBERTS: … and will to the best of my ability…

OBAMA: … and will to the best of my ability…

ROBERTS: … preserve, protect and defend the Constitution of the United States.

OBAMA: … preserve, protect and defend the Constitution of the United States.

ROBERTS: So help you God?

OBAMA: So help me God.

For any conspiracy theorists worried Obama isn’t president because the oath was a little off, the 20th Amendment to the U.S. Constitution states that the new president assumes office at noon on Jan. 20.
His real mistake was not choosing the
hero, Mr. O, wanted him to choose!
Democratic Hawk Now Sees War as a Mistake

Friday, November 25, 2005 - 12:00 AM


Permission to reprint or copy this article or photo, other than personal use, must be obtained from The Seattle Times. Call 206-464-3113 or e-mail resale@seattletimes.com with your request.


src=http://seattletimes.nwsource.com/ABPub/2005/11/24/2002645096.jpg


Rep. Norm Dicks voted in 2002 to back the war.


src=http://seattletimes.nwsource.com/ABPub/2005/11/24/2002645169.jpg

JIMI LOTT / THE SEATTLE TIMES, 2003


U.S. Rep. Norm Dicks, center, with military officers at ceremonies marking the opening of new facilities at Naval Station Bremerton in 2003.





Defense hawk Dicks says he now sees war as a mistake


By Alicia Mundy
Seattle Times Washington bureau


WASHINGTON — It was after 11 p.m. on Friday when Rep. Norm Dicks finally left the Capitol, fresh from the heated House debate on the Iraq war. He was demoralized and angry.


Sometime during the rancorous, seven-hour floor fight over whether to immediately withdraw U.S. troops, one Texas Republican compared those who question America's military strategy in Iraq to the hippies and peaceniks who protested the Vietnam War and did terrible things to troop morale.


The House was in a frenzy over comments by Rep. John Murtha, D-Pa., who had called for the troops to leave Iraq in six months. In response, the White House initially likened Murtha, a 37-year veteran of the Marines and an officer in Vietnam, to lefty moviemaker Michael Moore.


Then a new Republican representative from Ohio, Jean Schmidt, relayed a message to the House that she said she had received from a Marine colonel in her district: Cowards cut and run; Marines never do.


During much of the debate, Dicks, a Democrat from Bremerton, huddled in the Democrats' cloakroom with Murtha, a longtime friend. Both men are known for their strong support of the military over the years. Now, they felt, that record was being questioned.


There was a lot of anger back there, Dicks said in an interview this week. It was powerful. I can't remember anything quite as traumatic as this in my history here.


Near midnight, he drove to his D.C. home, poured a drink and wondered how defense hawks like he and Murtha had gotten lumped in with peaceniks by their colleagues and the administration.


And he thought about all that had happened over the past couple of years to change his mind about the war in Iraq.


Voted to back Bush


In October 2002, Dicks voted loudly and proudly to back President Bush in a future deployment of U.S. troops to Iraq — one of two Washington state Democratic House members to do so. Adam Smith, whose district includes Fort Lewis, was the other.


Dicks thought Saddam Hussein had weapons of mass destruction and wouldn't hesitate to use them against the United States.


After visiting Iraq early in the war, Norm told me the Iraqis were going to be throwing petals at American troops, Murtha said in an interview this week.


Dicks now says it was all a mistake — his vote, the invasion, and the way the United States is waging the war.


While he disagrees with Murtha's conclusion that U.S. troops should be withdrawn within six months, Dicks said, He may well be right if this insurgency goes much further.


The insurgency has gotten worse and worse, he said. That's where Murtha's rationale is pretty strong — we're talking a lot of casualties with no success in sight. The American people obviously know that this war is a mistake.


Dicks, a member of the House Intelligence Committee, says he's particularly angry about the intelligence that supported going to war.


Without the threat of weapons of mass destruction (WMDs), he said, he would absolutely not have voted for the war.


The Bush administration has accused some members of Congress of rewriting history by claiming the president misled Americans about the reasons for going to war. Congress, the administration says, saw the same intelligence and agreed Iraq was a threat.


But Dicks says the intelligence was doctored. And he says the White House didn't plan for and deploy enough troops for the growing insurgency.


A lot of us relied on [former CIA director] George Tenet. We had many meetings with the White House and CIA, and they did not tell us there was a dispute between the CIA, Commerce or the Pentagon on the WMDs, he said.


He and Murtha tended to give the military, the CIA and the White House the benefit of the doubt, Dicks says. But he now says he and his colleagues should have pressed much harder for answers.


Norm ... has agonized


All of us have gone through a difficult period, but Norm really has agonized, Murtha said this week.


Murtha and Dicks were appointed to the House Defense Appropriations subcommittee in 1979, three years after Dicks first was elected to Congress. They rarely have disagreed, especially in their support of the military.


In October 2002, Dicks made an impassioned speech during the House debate over whether to authorize the president to send troops to Iraq without waiting for the United Nations to act.


Based on the briefings I have had, and based on the information provided by our intelligence agencies to members of Congress, I now believe there is credible evidence that Saddam Hussein has developed sophisticated chemical and biological weapons, and that he may be close to developing a nuclear weapon, Dicks said at the time.


By spring 2003, U.N. weapons inspectors said they hadn't found hard evidence of WMDs in Iraq. But Dicks remained convinced of Iraq's threat.


We're going to find things [Saddam] had not disclosed, he said shortly before the war began in March 2003. There is no doubt about that. Period. Underlined.


By June of that year, with no chemical, biological or nuclear weapons found, Dicks remained steadfast in his support for the war but called for a congressional inquiry into the intelligence agencies' work on Iraq. I think the American people deserve to know what happened and why it happened, he said at the time.


That same month, Dicks was upset when a good friend, Gen. Eric Shinseki, the Army chief of staff, was forced into retirement after telling Congress that the secretary of defense was not sending enough troops to win the peace.


Growing doubts


On July 6, 2003, Dicks awoke to read the now-famous New York Times opinion piece by former Ambassador Joseph Wilson, who had been sent on a CIA mission to investigate a report that Iraq had tried to buy nuclear materials in Africa.


Wilson wrote that he had found no evidence of such Iraqi intentions and criticized Bush for making the claim in his State of the Union address two months before the invasion.


That Joe Wilson article was very troubling, Dicks said.


Dicks grew somber about Iraq. Rep. Jim McDermott, who represents Seattle and had opposed the war from the start, talked with him about it.


Norm is a lot like Jack Murtha. These are guys with a somewhat different philosophy than me, McDermott said recently. This an extremely difficult time for them because they have to reassess what they were led to believe about prewar intelligence.


The White House maintains it did nothing to mischaracterize what it knew about Iraq and its weapons.


Dicks' private concerns became more public two months ago. At a breakfast fundraiser on Capitol Hill, Dicks surprised the guests with a tough talk against the war.


The White House last Friday called Dicks to gauge his support. House GOP leaders were pushing for a vote on a resolution they hoped would put Democrats on the spot by forcing them to either endorse an immediate troop withdrawal or stay the course in Iraq.


Dicks said he told the White House that their attack on Murtha was the most outrageous comment I've ever heard.


The resolution, denounced by Democrats, ultimately was defeated 403-3.


Dicks says the Pentagon should begin a phased withdrawal and leave some troops to help maintain order and train a new Iraq army. We've got to be very concerned that Iraq comes out of this whole, he said.


But he added, We can't take forever.


Some people say it takes eight to nine years to control an insurgency, Dicks said.


I don't think the American people will give eight to nine years, and I sure as heck won't.


Alicia Mundy: 202-662-7457 or amundy@seattletimes.com



Oops...there is a message - typed (nm) by mistake.
That's how dizzy this makes me!
Why Clinton as secy of state would be a mistake

I was wondering what it would mean if Obama picks Clinton as Secy of State.  Big mistake according to this liberal Obama supporter.  It does make sense.


http://mediamatters.org/items/200811140018?f=i_latest


 


When you and I "forget" to pay our taxes, just tell them it was a "careless mistake"...
see how well that goes over from the normal working person. Then put us in charge of finances! What a joke!
My mistake...I thought you only tolerated like-minded people....
hence Berkeley.
Ooops - my big mistake, sorry sam I replied in the wrong area
I meant to reply to the one right below this posted by holycrap.

Sorry for the mixup, after it was posted and I saw where I said to myself - Holycrap, I posted in the wrong area. HA HA HA. Sorry. That's what I get for trying to function on 4 hours of sleep last night and not enough coffee today.
Depends on the mistake. Making the case for war in Iraq on a stack of
lies from Curveball, not your everyday ooops.

As if.
No, gourdpainter...it's gonna be Obama ruling....make no mistake....
Obama and the democratic congress.

I think it's highly doubtful Hillary will pass muster to be SOS, since Bill has too many shady dealings with China and the Saudis, and who knows who else he has taken/is taking money from, and selling our national secrets to (or did, in the case of China with our military secrets).

As for Bush, don't know how you get him thrown in the equation, unless someone named Bush has been appointed....I'm working too much to pay close attention...


But, as I said, make no mistake. No matter who Obama appoints, it's gonna be him and his socialist/marxist agenda....Obama and his far left agenda to the max.....


I'm hiding for the next four years......
Yes I do have it made.
I do have it made, and it is well earned.  How much military service do you have under your belt?  How many political action committees have you served on? 
I don't think she has made this

decision without thinking about all she might miss with her kids.  My mom was at a lot of the things I did in school.  However, my dad was at work.  He was supporting his family by making a living.  He was making our situation better by working that overtime so we could afford stuff.  Would I have liked my dad to be at my tennis match.....sure.  But the reality is that even though he wasn't there watching, he still was literally the one supporting me and I appreciated and loved him for that.


As for Palin, did you ever think that maybe....just maybe she is willing to sacrifice time with her kids to make a better country for them as well as all of us?  Have they asked Obama about sacrificing time with his kids?  No....because we all just assume Michelle will take care of the kids. 


Al would have made sure we were . . .
not kissing (notice I did not say kicking) butt over in Iraq to get that oil.  This country would have been a lot further along with alternative energy sources!!!
I made my own
NObama pin which I alternated with an Obama pin (with the red slash through the O as in a no smoking sign). 
thank you SO much, made my day!!
That was truly worth the seven minutes!!
Please tell me you just made that up!!!
Because if you didn't, you're right, that is much more sick.
Please tell me you just made that up!!!
Because if you didn't, you're right, that is much more sick.
NO vaccines are made in the U.S. now???

Or is that another conservative "fact"? 


And, yes, those dang whacko liberals like Robert F. Kennedy and those of his ilk should be ashamed of themselves for connecting the presence of thimerosal in vaccines and resultant autism and attempting to STOP it.  Who cares about the children who are already here?  The most important thing is that we make sure not to hurt those inanimate cells in a petrie dish.


And, yes, it's certainly has been proven that there can be side effects associated with the smallpox vaccine where a small percentage of people might get sick and die.  We COULD maybe let the people CHOOSE whether they want the vaccine or not (if enough of it ever actually EXISTED to protect the entire country), but, no, free choice isn't a very "red" thing to do.  So the only logical thing to do is make sure that we deny the vaccine to all Americans so we can ALL die if terrorists decide to use that as a form of bio warfare. (By the way, I truly doubt that lawsuits will be much of an issue if we're all DEAD.)


Right?  I mean, you "red" guys know what should be allowed and denied in the life of every single American, don't you?  You've got some kind of special "divine knowledge" where you know what I should be "allowed" to do with my own personal body, who I'm "allowed" to love, how I'm "allowed" to plan my family, when I decide I'm "allowed" to die, and which God I'm "allowed" to worship without being doomed to eternal damnation?


 


wow, you made that assumption of me HOW? sm
by the way, the immaturity and silliness of your answer just makes you look like a fool.  Might want to work on that.
No, only the ones made by liberals.
xox
SOY was the one who made it personal anyway.
**This fits many on THIS board...To fear the LORD is to hate evil; I hate pride and arrogance, evil behavior and perverse speech.**

Maybe you missed that because you've stereotyped, judged and sentenced the liberals already.


Yes! You made my point exactly
They just keep shipping the jobs out until eventually we'll be left with millions of doctors and lawyers!! And who wants that?! :)

Seriously, something has to be done about this. Unfortunately, quite a few politians are paid by these big companies that make profits by off-shoring. We have to start putting major pressure on them to stop.