Pollie`s Weekenders

Wrinks and / or Goldie, If you plan to defect, send Pollies one ping only ........

If they aint talking budget,economy,ending war or alternate energy,then its not change its just more of the same old shit.These are the things that need to be discussed by canidates.Not pigs in lipstick or Jets on eBay or war records or $12,000 social service jobs.Those are history.Tomorrow & the days after are whats important.If you aren`t talking about those things then its a smoke screen because you forgot your homework or your trying to hand in the same homework again.I want someone talking about ending agression & how to cut that damn military budget.Try getting along with the world instead of sticking your chest out & putting a chip on your shoulder.How you going to pay that national debt down so damn interest isnt eating our damn revenues up.That a subject right there that infuriates me.People bitch about welfare & say nothing about the damn $390 billion dollar interest we pay on the money we borrowed just for the war in Iraq.It damn shameless.Then on top of that we spend between 9 & 10 billion every month to remain in this war.Where we going to get revenue to balance the budget.How bout that phrase.BALANCE THE BUDGET.God I forgot what that sounded like.Haven`t heard that phrase in 8yrs.Reagan said it a couple times but never achieved it.Phil Graham used to say it alot.But now opts for nation of whiners.Alternate energy is not $3 gas instead of $4 gas.How we going to stinulate the economy.Instead of tax cuts for big business or stimulus rebates.How about creating new jobs.A $1200 rebate spent one time is not going to generate many new jobs,because the $1200 runs out & so does the job.Big business doesn`t expand in a tough economy.They always wait til the economy is picking up again.Thats just a falacy about tax cuts for big business.They actually downsize when things start to tighten up,contributing further to the loss of more jobs.The time proven method of bringing us out of recession is government projects.A large alternate energy project could help get the ball rolling & help us to be self sufficient at the same time.This is something that can create millions of job in the beginning & have hundreds of thousands of sustained job later.Just think of all the manufacturing jobs such a thing would create,plus all the construction jobs.Then you need the techs & other white collar jobs.Puts trucking industry to work transporting materials.Thats how you create jobs.Not by some damn tax cut.You put people to work the revenues to balance the budget starts rolling in.Its a matter of keeping an eye on pork barreling close scrutiny on the expenditures.It doesn`t take a rocket scientist to figure how to pay your current bills & put some extra on old bill like national debt,plus put a little aside for a emergency.Damn sounds a hell of a lot like keeping books for home.Huh?Anyone thinks it can be done with smoke & mirrors & bullshit is full of the latter!

http://www.uboataces.com/ref-sonar-sounds.shtml
Try the 10 second one it the way I picture them sounds

Hank I don't read Pollies posts anymore to be honest, to much bias & misinformation for me. Maybe one in every 10, same ol gibberish broken record cry wolf blame game nonsense. That is why I don't post here much anymore, this constant sh!t has gotten to old for me. Nov 5th we will wake up and half the country will be happy and sad, end of the story. I just wish my vote counted, I'm in NY which is heavily democrat, so my vote is wasted, but I'll vote for my conscience if nothing else so I say I did my part. Meanwhile I'll stay abreast of the race and will make an occassional comment here on the electoral map, since that is all that matters.

I dont read his either.Their mostly half naked tramps.Bullshit is always more interesting.It doesn`t require much thought.Kind of like diarrhea.Just a quick in & out.Wonder what the hell everyone comes here for.Says right in the introduction its a politically oriented thread.As far as blame game,who in the hell should be blamed.I know Putin!That SOB just keeps ruining the budget & economy in our country.Now that what I call a real subversive.All this time he been dressed in a Bush costume.Slick bugger there I want to tell you.Cant wait to see him in lipstick.

Once every four years we have a decission to make.I think it should be decided by more than some damn biker looking chick saying she eats mooseburgers & breeds like a rabbit.

I dont read his either.Their mostly half naked tramps.Bullshit is always more interesting.It doesn`t require much thought.Kind of like diarrhea.Just a quick in & out.Wonder what the hell everyone comes here for.Says right in the introduction its a politically oriented thread.As far as blame game,who in the hell should be blamed.I know Putin!That SOB just keeps ruining the budget & economy in our country.Now that what I call a real subversive.All this time he been dressed in a Bush costume.Slick bugger there I want to tell you.Cant wait to see him in lipstick.

-polliesboy

Blame OIL -
Sub-prime ... pay mortgage or pay for gas / oil and or food. Food up why? Energy either corn for ethanol or oil for harvest.

Lost jobs? Oil ... cost to manufacture ... Oil.. Less demand for products ... no money left after paying for oil

Even a parasite knows enough to keep its host alive.

Hummmm .. if I only knew who actually runs Big Oil.

Guys take a look at these CNG calculations.Its astonishing.

http://www.cngprices.com/cng_links.php

Honda Civic GX - This is the only natural gas vehicle that is currently in production and for sale to the general public. At the moment, it is only available in New York and California. You can often buy them used on Craigslist (try the Los Angeles, Orange County or San Francisco areas...

Starting at $25,000. and maybe a $4,000. rebate...

Blame OIL - Sub-prime ... pay mortgage or pay for gas / oil and or food. Food up why? Energy either corn for ethanol or oil for harvest.

Lost jobs? Oil ... cost to manufacture ... Oil.. Less demand for products ... no money left after paying for oil

Even a parasite knows enough to keep its host alive.

Hummmm .. if I only knew who actually runs Big Oil.

-hank

Well Hank I`ll paraphrase Harry Truman when ask where to place blame.He said"The buck stops here".He took responsibility for how government was operated.So I spect it hasn`t changed.This is the generation of buck passers.Someone else is always the blame.I always say if it looks like a duck,waddles like a duck and quacks like a duck,it must be a duck.I never let my kids blame others for their actions.If they tell me their friend caused them to do wrong,I ask if their friend is going to take the ass whooping.It usually only takes once for the message to get through that I dont buy lame shit.Damn sure aint going to buy it from adults

Here`s another site where you can buy cars that have been converted.Scroll down & read.It gives a list of places to buy fully converted cars.

Honda Civic GX - This is the only natural gas vehicle that is currently in production and for sale to the general public. At the moment, it is only available in New York and California. You can often buy them used on Craigslist (try the Los Angeles, Orange County or San Francisco areas...

Starting at $25,000. and maybe a $4,000. rebate...

-egotarian

I haven't really spent much time on this site since its inception, but I am wondering are there any forums that talk about stocks and the market, or is it just politics? Just wondering

dds...on the right side of your screen under "web links" there is a link to "stockchatters forum"...there you will find all sorts of boards about different stocks! :)

Fed to Wall Street: Drop dead
Posted Sep 15 2008, 05:54 AM by Jon Markman Rating: Filed under: Investment Banking, Jon Markman

The fate of the world financial system hangs from a thread today after the New York office of the Federal Reserve stood up to the big Wall Street financial houses on Sunday and essentially told them, "thanks but no thanks" on their request for a bridge loan to nowhere.

It's about time. For years, the country’s major broker-dealers and banks have competed with each other to become the No. 1 underwriter of loans, bonds, mergers, mortgages, swaps and equities. The industry’s compensation system is focused on rewarding managers who took big risks, and could bring home top rankings in dealmaker lists.

All the while, banks figured that if they really got into trouble, the federal government would back them up with taxpayer funds. And the government reluctantly complied twice this year, backing up the reckless behavior of high-flying bankers at Bear Stearns in March, and Fannie Mae and Freddie Mac last week with loan guarantees costing untold billions.

But when Lehman Brothers chief Richard Fuld came to the Fed with his hand out on Friday, the central bankers had finally had enough – and told the banking industry that it needed to come up with its own solution to its problems. In meetings over the weekend in New York that must have frozen the veins of bankers used to bullying the government into doing their bidding, the government left Lehman Brothers and all its creditors out to dry, figuring it was better to let the financial system burn to the ground than to risk any more of the Federal Reserve’s withering balance sheet.

It may be hard for most people to realize what a shocking development this was. Virtually no one on the Street anticipated that the Federal Reserve would put its foot down on the throat of the bankers who had always gotten their way. If anyone had believed this would happen, global banks’ stock prices would have been a lot lower last week as Lehman Brothers’ liquidity unraveled, for anyone who had looked at the investment bank’s books as a potential buyer knew that it owed its 10 largest unsecured creditors more than $157 billion – and had no virtually no hope of paying up.

Treasury Secretary Hank Paulson and New York Federal Reserve Bank President Tim Geithner may have dumbfounded the world with their gutsy decision to call Wall Street’s bluff, but now the fallout will stretch well beyond Manhattan. Lehman Brothers was forced by the decision to declare bankruptcy on Sunday night, and due to rules that penalize broker-dealers more than normal companies, it has no hope of simply reorganizing, canceling its debts and returning to the field of play.

Instead, it must now liquidate all of its holdings to pay creditors, and that will result in the dumping of hundreds of billions of dollars worth of real estate, Treasuries and stocks into an already frozen market. No one knows all the totals, but Lehman is believed to have a Treasuries book worth $1 trillion all by itself.

Of course, this is not just Lehman’s problem. Any bank, brokerage, hedge fund, hotel chain, limo service or caterer that did not demand full collateral from the bank for its services or loans will be waiting in line for money that may never come. The business that this will affect the most is the massively leveraged credit default swap industry, which is a mere $65 trillion in size, since Lehman was one of the largest CDS "counterparties" in the world – the middleman for hundreds of billions of dollars in trades between entities that more often than not don’t know each other. Indeed, Merrill Lynch, American International Group and Morgan Stanley may be the most at risk, since they are believed to have the greatest amount of CDS counterparty exposure to Lehman. And that is why their shares prices were teetering on oblivion Monday in pre-market trading.

But equity holders will be affected as well, for every hedge fund that was owed money by Lehman, and in turn owes someone else, will now feel the need to liquidate anything that isn’t nailed down in order to meet their margin calls, which is the financial equivalent of a bank’s request for more collateral to back up a loan. Unless something changes the psychology fast, any momentary wave higher in the stock market will be met by another round of selling as financial firms worldwide dump their paper assets in order to accumulate the cash needed to stay solvent.

Since the U.S. Treasury already fired one of its biggest bullets in the Fannie Mae/Freddie Mac deal by bringing those entities’ $5 trillion in troublesome home loans into federal custody, its hands may be tied. So one of the few policy actions that can be taken now to change the psychology would be a cut in interest rates by the Federal Reserve.

More on the meltdown: The markets in crisis

The current Federal Funds rate is at 2%, and futures market is pricing in expectations of a cut of half a percentage point this week, a move that would flummox market players even more than they already are since Fed governors just last month said their next move was most likely to raise, not cut rates – and they hate to be seen as inconsistent. However, my guess is that a rate cut will not be in the cards unless the European Central Bank also cuts rates. A unilateral rate cut in the United States would have the effect of crushing the dollar, an event that would open a whole new set of problems.

In summary, the banks got themselves into this mess by taking massive risks in credit and equity deals and paying themselves like kings in the process. And now some of them are finally paying the price, as the 25,500 loyal Lehman Brothers employees who owned 30% of the company, just to name one group, are ruined.

Ultimately the market will recover, but don’t expect it real soon, as the folks around the world who have the most meaningful caches of money to invest now are going to be very wary, at least for a while, at plunking it down with the crooked bosses of the Wall Street casino. The government's actions this weekend are one small step to lay down the rule of law, but considering that federal regulators were asleep for years as banking excesses accumulated, there are miles to go before U.S. financial credibility is restored.