Tent cities=Great Depression

Gee, and when was the last time this country saw tent cities like this? The Great Depression.

The unemployment rate in California is over 10% and has risen to 15% in some of the hardest hit states in the country. To say that this has been fabricated and that there is no crisis is just more of the republican elitist socially darwinistic pile of horse @!$%# that has been pervading the GOP.

It's time for all of you hard right conservatives to pull your head out of the sand and take a really good look at what YOUR republican president did to this country in the course of 8 years. Obama inherited one of the biggest messes in this country's history, and you are pssed off that he hasn't "fixed" it yet?!! Are you kidding!? He's been in office for not even two months. It took the Great Depression over a decade to be resolved, and your screaming over 2 MONTHS!!!!!!????

There are a lot of people hurting. And guess what, the CEO @!$%#s that helped cause the mess are laughing all the way to their bank accounts in Grand Cayman and couldn't give a @!$%# about the rest of the country. And who helped them get their egregious bonuses and compensation? Hmmmm, couldn't be the republicans that were in power for HOW LONG!!?? I'll tell you: from 1994-2006. Hmmmm, just long enough to deregulate the banks and lower the taxes on the wealthy enough to create the largest income gap in this country since the Industrial revolution.

The republicans f'd up big time. That is why they lost control. And they are continuing on that same wretched path with NO IDEAS on how to fix the mess they are mostly responsible for creating. Except tax cuts for the wealthy. The GOP mantra. It's BS and you all need to stop buying into the rhetoric.

I am hoping with all my heart that Obama is a successful president and is doing what needs to be done to rectify this nation. Yes, he may fail. That is a risk you take with ANY president. But if any of you have even half a functioning brain you would wish for success as well. His failure will mean the failure of our country. And I don't know about you, but I certainly hope I never see that day.

• Proposal - Mrs. Bridger
  • And spending money - Trigger Happy
    • Western PA is doing okay. The - Backwards typist
    • Tent cities=Great Depression - Mrs. Bridger
      • Just for the record....I am not a far right person. - Trigger Happy
  • Yep, just keep spending money we dont have, O - Smartest president ever -NOT.. nm
    • Consider the mentality of those who put him in office - and it all makes sense.............nm
      • I really don't think that is fair. - Trigger Happy
      • You are insulting the majority of Americans - Then...
        • No insult - just take a look at all her ranting, incoherent posts..... - Mrs. Bridger
          • True, very true... - Guess they speak volumes

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BOOK:  The Crisis Of The Old Order  By:  Arthur Schlesinger, Jr.

In 1928 and 1929, the nation had reached, it seemed, a permanent plateau of prosperity.  Businesses expanding.  Foreign trade growing.  The stock market was continuing to rise.  And national leadership could not now be in more expert or safer hands.  "I have no fears for the future of our country," said Herbert Hoover in his inaugural address in March 1929.  "It is bright with hope."

There remained a few discordant voices, anxious in the main over the stock market boom.  In spring 1929, Hoover summoned a special session of Congress to deal with these issues.  The session was not a success.  The Board's purpose was to control the flow of commodities to the market; one provision was to control temporary surpluses.  The session adjourned from April to November without taking action on the tariff.  Hoover wanted state public lands and reclamatin projects and related irrigation matters be withdrawn from national control and states to manage these affairs then Federal Government.  President's attitude toward utilities regulation was similar. 

Yet most Americans remained more interested in teh stock market than economic question and the few interest as now beginning to turn into concern. 

Early 1929, Federal Reserve Board under pressures of NY Federal Reserve Bank, finally consented to warn member banks that they should not lend money for speculative purposes.  But did not work.  Some argued that a restrictive policy might well induce deflation.  The board felt it created "a state of mind which breeds depression."  It was certainly true that reducing the interest rate was a clumsy way of combatting THE BOOM.  As long as the stock market offered highest returns, it was bound to have first call on funds.  Higher interest rate would have slowed down investment, cause capitalization process and bring down prices of ALL CAPITAL ASSETS and thus discourage investment.  President Hoover did nothing as he was preoccupied with his own mind and watched the Board run the course.

CHECK THIS OUT!!!  Finally by summer 1929, some danger signs were apparent, STARTLING DECLINE IN BULIDING CONTRACTS.  Residential construction for the entire year SANK.  CONSUMER SPENDING WAS SLACKENING.  By midsummer 1929, building began to fall off, wholesale commodity prices dropped.  In August, Federal Reserve Board finally agreed to raise to 6 percent. In September Stock Exchange price were at the highest.  On October 23, PRICES STARTED FALLING.  WALL STREET WAS SHAKEN.  Anxiety was suddenly infectious.  As panic spread, stocks dropped.  Hoover stated, "The fundamental business of the country, that is production and distribution of commodities is a sound and prosperous basis."  As prices held for a week, bankers QUIETLY fed back into the stock market that they had bought on Black Thursday for further future storms.  

Banks protected themselves against their customers.  On Monday, new explosion of gloom and panic happend.  General Motors stock lost nearly 2 million.  It soon was an avalanche, vast numbers rushing to get out of the market.  By noon, 8 million shares traded hands and by closing time, Exchange had broken all records with 16 million shares.  By mid November the financial community began to survey the wreckage.  New York Stock Exchange had fallen 40 percent in value. 

CAUSE OF THE CRASH:  Management's disposition to maintain prices and inflate profits while holding down wages and raw material prices meant that workers and farmers were denied benefits of increases in their own productivity.  Decline of mass purchasing power (like our real estate in 2005?) as goods flowed out of expanding capital plant in ever greater quantities, less and less cash in the hands of buyers to carry goods off the market.  Seven years of fixed capital investment at high rates had overbuilt productive capacity and had thus saturated the economy.  The slackening of the automotive and building industries.  Businessmen trying TO SAVE THEMSELVES COULD ONLY WRECK THEIR SYSTEM.  Representing the financiers, it had ignored irresponsible practices in the securities of the markets.  Ignored the weight of private debt.  Result was both class and national disaster. 

What do the top ten cities with the highest poverty rate all have in common?

Detroit, MI (1st on the poverty rate list)
hasn't elected a Republican mayor since 1961;
Buffalo, NY (2nd) hasn't elected one since 1954;
 
Cincinnati, OH (3rd)...since 1984;

Cleveland, OH (4th)...since 1989;

Miami, FL (5th) has never had a Republican mayor;
 
St. Louis, MO (6th)....since 1949;
 
El Paso, TX (7th) has never had a Republican mayor;

Milwaukee, WI (8th)...since 1908; 

Philadelphia, PA (9th)...since 1952;

Newark, NJ (10th)...since 1907.

 
Einstein once said, 'The definition of insanity is doing the same thing over and over again and expecting different results.'

It is the disadvantaged who habitually elect Democrats ---yet are still disadvantaged.

What do ya'll think about this?  I cannot believe it.  The bailout was bad enough when it was to keep the banks from failing which was going to ruin us all, but now these individual cities are asking for money for things such as mass transit improvements, expansion of clean technology businesses, to fund long-neglected infrastructure, more police, upgrades to airport terminals and runways, upgrades to wastewater treatment plants, etc.

Where is it going to end?  What happened to all the taxes people have been paying in for years anyway?  Why was it not being used for those things all along?  And why should I in Georgia have to pay to give people in other states money to fix things?  Alaskans are not giving me part of that money they get every year from their oil...  Maybe that is selfish - but if they continue to take and take from me, then what I am supposed to do? 

Obama is your man.

regardless of which idea they go with.  I really don't think there is anyway out of this. 

You know what really bugs me....and this is kind along the lines of the topic of equal pay........

If a caucasian male is making more money for doing the same job as an african american, by law the african american has the right to sue for legal pay.  I'm cool with that.  If you do the same job and think you deserve the same pay....more power to you.  If an african american is making more money for doing the same job as a caucasian, the caucasian has no legal rights to sue for equal pay.  I'm sorry, but that doesn't sound equal to me.

has anything to do with it?  Hey, that's what republicans want, big business to grow fast--no regulation--me, me, me...

How about all those families that are going to suffer from this.  Did they ask for it too?

This sounds familiar:

http://eh.net/Clio/Publications/unemployment.html

I am paying off debt.  Made my garden bigger.  Planted some fruit trees.  Stocked my pantry.  But I don't want to take in any relatives......I would rather pass out free zuchini.

and additionally says that we are a nation of "whiners.' McCains top economic advisor is Phil Gramm.

How do you feel about these remarks? Additionally have you or someone you know been experiencing tough times in the last year?

homes, natural disasters unattended to, collapsing bridges, earmark bridges. Address those first, save flag for later.

to email this guy and tell him so.

http://www.kabc.com/mcintyre/listingsEntry.asp?ID=432586&PT=McIntyre+in+the+Morning

Formed within three days of the September 11th attacks, and officially founded on September 14, 2001 by Ramsey Clark and members of the International Action Center, ANSWER was one of the first organizations formed to protest the policies of the Bush administration in the wake of the September 11 attacks. Its first major action was a September 29, 2001 Anti-War, Anti-Racist political rally and march in Washington, D.C., primarily in protest of the then-impending U.S. invasion of Afghanistan. Subsequently the organization has organized rallies drawing crowds in the hundreds of thousands, including several with record-setting numbers of people. ANSWER characterizes itself as anti-imperialist, and its steering committee consists of socialists, Marxists, civil rights advocates, and left-wing progressive organizations from the Muslim, Arab, Palestinian, Filipino, Haitian, and Latin American communities. Many of ANSWER's leaders were members of Workers World Party (WWP) at the time of ANSWER's founding, and are current members of the Party for Socialism and Liberation (PSL), a Marxist-Leninist organization that formed in 2004.

in-the-nation's-best-interests job the courts did on the Gore (Nobel prize winner) and Bush (failure in absolutely all business ventures) decision. Clarence still seeking revenge on Anita Hill.  Plus don't forget the Supreme Court justice who just happens to enjoy duck hunting with Cheney.  The guy with a cloud over his head according to Fitzgerald in the Plame case.  Pile in on.

First time in a long time I watched the news and I was pretty amused tonight.  Subject was Barack's trip to Berlin and his speech.  Republican representative said that Obama shouldn't have done it because he's not the president.  They were asked well what about McCain when he went and gave a speech in Canada.  Their response was "Well that was different.  They are Canadians".  He also said it was okay for McCain to give speech to Canadians because Canada is in North America.

When questioned further it actually came out that they (republicans) were upset because the Berlin speech made Obama look good, while McCains biggest highlight of the week was giving in interview in the dairy isle of the grocery store.

They tried to say that Barack was giving a "policy" speech, and when corrected they made up some other lame excuse (that's when it came out that they were upset because having all those people gather for his speech in Berlin made him look good).

Just goes to show you how desperate the republicans are.  They had their chance to pick a better candidate than some old lame, senile guy, but this is who they chose.  Now they are just mad because McCain is looking more feeble, constantly whines, and is constantly mis-speaking and getting the facts wrong (and having to be corrected in public by those closest to him).  Someone said that if he would just stick to issues and not try and attack/belittle Obama every chance he got it might go a little different for him.

I just thought that was quite amusing for a change in the news.

some people can't see beyond their nose and some people don't have the ability to weigh the facts of what is written.

FYI, I have finally made up my mind through reading.