Jack2014

I h**e to tell you Don but your reasoning is flawed for seniors. H**e is a good word for the R pukes including the great 'B' actor Reagan that began the deregulation of the SM and banks. You see. Many of us lost around 30% of our savings in Bush's first SM crash in 2003. The SM almost recovered but our funds in General did not BC we were removing capital to live on. Then there was the Bushie depression of 2007-8. My funds were classed as highly conservative by a very well known brokerage. BS. I lost as much or more BC the Bushies were too busy allowing the Romney types to ship jobs to China and India and missed the 65000 plants closing.
Now,you can check all you want but if you have IRAs you can't find a safe harbor other than gov bonds which pay almost nothing. You keep losing your capital. THANK YOU PUKEY BUSHIES
Also, I didn't like Gore either. He however was controllable. I looked into Bushie boys eyes and saw the SPACE STATION. Unfortunately,I did not v**e for Clinton even tho my investments doubled while he was President.i do know one thing tho. Gore would not have been led around by the prick Cheney. How much the Iraq War had to do w the housing collapse is unknown but it did. It was bush Paulson and their negotiations w China to secure funding for their wars that allowed China to steal many of our industry's and jobs. Thanks to you Romney too. Reagan allowed these vultures to operated. The company I wor,led for got Romnied but survived. Unfortunately they stole much of our benefits esp retirement money.
I hope you get the real picture. We know that the brokerage houses are the only ones to make profits w hedge fund mgrs. I figured they made 35%.on fees alone in 10-12 years. They didn't earn it. So,does anger or h**e fulfill a need,damn straight.

This puke played a major part in the financial collapse

EconomistDon

Sorry Jack, life is unfair. As Bill Clinton used to say - I feel your pain. While the general market dropped 50 percent in the 2008 crash, I lost 75 percent because I was over-leveraged. So much for a retirement stash. I would like to pin this on the democrats because I don't like the guy currently in the White House. But hard as I try, I can't really assess blame wholly to either party.

Let's go back first to the Savings and Loan crisis of the 1980s. Since the collapse occurred on Reagan's watch, we like to blame him. But the problem really grew out of trouble in the 1970s. Because of rate wars between S&Ls and commercial banks, congress enacted rate controls in 1966. This was fine until the inflation spiral hit in the 1970s. By the late 1970s, S&Ls could not attract new business because they could not participate in the higher inflation driven rate environment. So in 1980, the S&Ls were deregulated by the Depository Institutions Deregulation and Monetary Control Act signed by President Carter on March 31, 1980, which gave S&Ls the latitude to operate more like commercial banks. This worked well for them as they became an important tax shelter for big business. That went well until the Tax Reform Act of 1986 was signed into law. This removed the tax dodge that was available at S&Ls and their business dried up. S&L closures followed.

The more recent fiasco was housing and mortgage driven. Housing entered a growth boom in 1994 and continued for ten years with the long economic expansion. The dot-com crash of 2001 did not slow it down. Housing prices were growing fast, raising equity in homes. And consumers used that equity to take second mortgages to buy new cars and everything else in sight. America became grossly over borrowed and deep in debt. To make matters worse, mortgage companies got caught up in the frenzy and expanded their percentage of loans to sub-prime buyers from an historical average of 8 percent to 40 percent. Then the housing bubble burst in 2005. House prices went into a steep decline, setting off a raft of foreclosures. Failures in mortgage institutions dominoed into banking institutions leading to a wholesale financial collapse in 2008. So who can we really blame for that mess? Shall we really blame it on the American dream to own a home, even if you don't have the means to pay for it?

Homestead

You do know that the targets missiles are aimed at can be changed, right?
The missiles fly through the air.
They are not like trains that are restricted to rail road tracks that have to be physically moved in order to change the trains direction.
We have these things called computers and software, you know the equipment used to guide missiles.

I'm not sure you understand that.

Targets can be selected and changed, that's why people worry about them.
Otherwise, only the people the missles were aimed at would be concerned.

The fact of the matter is, when Ukraine had their own nuclear weapons, there was no such act by Putin to increase his military presence along the Ukraine borders.

I noticed that Russia, who rarely agrees with us, was quite quick to agree to the Ukraine giving up its nuclear weapons in exchange for the promise from Russia that it would not do what it is in the middle of doing.

Your detachment from reality is staggering.

Jack2014

C'mon pisser,
I can't believe you tried to rationalize your ignorance like that. The Russians have the codes. Ukraine was a Russian satellite. Do you think that we have our computer codes in Idaho and Montana or perhaps in the Pentagon or in the zColorado mountain? Think for a change bf you piss on the wall.

Jack2014

Ok Don, you asked for for it!
I think Krugman,Stieglitz, and Reich are correct in that our economy is based on DEMAND MOSTLY AND NOT SUPPLY. I FIRMLY BELIEVE THAT THE ROMNEY PICTURE OF RAIDING AMERICAN COMPANIES,STRIPPING THEM,AND THEN SELLING THEM TO CHINA LOCK STOCK AND BARREL HURT OUR ECONOMY TERRIBLY. THIS PROCESS COST AMERICA 3.5 million good paying jobs and therefore buyers. Chinese making a dollar a day cannot buy IPads. What in the hell are these dumb corporate bean counters producing. NOTHING!
You economists had better get your head on straight. Why are you proposing tubing the greatest economy In the world to enhance corporate profits. Profits can dry up if nobody can buy your product. I have had this argument w economists since 1970 when the move was to build or manufacture anywhere as long as it was cheaper. To hell if people lose buying power.
You don't seem to see the reason housing bubble burst. It's BC people or owners lost their jobs. It steamrolled. Banks sold junk mortgage bonds rated triple A to pension funds as well as others. Be sure not to blame the bean counters.
You obviously played more than I did but most of my funds did very well in the Magellan look,alike. The problem is that those of us w IRAs aren't flexible enough to deal with crashes. We can't totally pull our funds w/o risking high taxes. This whole scheme is a repayment of bribes to WS by politicians.now we are finding out that there is a scheme using instantaneous trading to advantage like insider trading. Guess who is beneffing? Hedge fund mgrs. Guess who loses? Us!

How did anybody buy into this Phil Graham BS. Other than the clowns

EconomistDon

Well Jack, I'm not going to call you stupid or tell you to get your head on straight. You have obviously researched this and thought about it for a long time. My head is on straight. Most of this is Economics 101 (entry level college stuff). Yes, I have the degree and 36 years experience.

If you shut down corporate profits, you blow the whole deal. More corporate profits equals more business and more jobs. Without profits, business fails and jobs disappear. Without jobs, people starve; and government can't help them because income taxes and corporate taxes dry up. No more money to take from the rich and give to the poor. Also, no more money for national defense. As we l**t stores looking for food and k**l our neighbors to get what they have, a foreign country invades and subjugates us.

That scenario sounds far-fetched, but it is close to what happened in Mesopotamia between 632 and 637 A.D. It took only five years for Islamic barbarians from Arabia to overrun a nation that was once the most advanced and powerful in the world.

Again, I respect your background and knowledge in all this. You need to give me and others a little more respect.

Had enough

Another really great thread. thank you!!! If I can figure out this computer ( works when it wants to ) I will forward it to everyone i know.

Homestead

Listen you i***t, If your left with a missile that has someone else’s code in it, you take the payload out of it and put into a missile you do have a code for or since you have physical control of the property, you rewire it.

At any rate, when the Ukraine split from Russia. all the people necessary to use those missiles, that were based there in the Ukraine, were still there in the Ukraine after the split.

You think because they went from a Russian nationality to Ukrainian nationality that somehow their memories got wiped?

Or that somehow all the people that were there, operating those missile silos, suddenly developed amnesia.

Your detachment from reality is staggering.

Homestead

What kind of an i***t are you?

Are you seriously saying that the technicians that are there at those silos, the very technicians that are responsible for testing and maintaining those systems, are incapable of maintaining those systems to their benefit?

Well, hell then, why was anybody even concerned about the Ukrainians having them.
Why did they even bother guarding them.

I mean if there is no possible way that anybody could access them, then why didn't they leave them there, open them up to the public and sell tickets.

Your detachment from reality is really staggering.

GOPisEVIL

Why shouldn't your propaganda be denounced as lies? After all...they're merely lies, half-t***hs and distortions. (Try again.)

Jack2014

Pisser,
We are referring to computer code. It is highly doubtful that the Russians would remotely trust Ukrainians with missile codes. It would be highly reckless as well. Plus it was all located in a shelter in Moscow for sure. The reason for the concern would be if then missiles were disassembled. That would be very noticeable.

Jack2014

Pisser,
You did get bitten by a snake didn't you. It's making you some kind of crazy.

Homestead

Like computers have never been hacked and the nuclear silo were located in Kiev, in the Ukraine.

So, you dismantle the thing and rebuild it.

The bottom line is, that if they are as impervious to tampering as you want to suggest, them why would anyone worry about a nuclear weapon lying around?

Why guard them? Russia has the codes.



How Ukraine’s Crisis Could Have Been a Nuclear Nightmare

It was not obvious where all these missiles would end up, particularly not in the case of Ukraine, which was stronger than the others and more sharply at odds with Russia; it thought it might find better friends. The new Ukrainian government also thought that Russia was not negotiating in good faith (from a certain perspective, it had absconded with Ukraine’s tactical warheads). Russia, meanwhile, suggested that the Ukrainians were not decent stewards of the weapons:

They also knew that I.C.B.M.s, even if they had no use for them, contained highly enriched uranium that was extremely valuable. And Ukraine needed money. In September, 1993, the negotiations between Russia and Ukraine fell apart.

“They’re broke, and these warheads were their best, their only chance to get hard currency quickly,” someone “close to the negotiations” told the Times during the talks with Ukraine in early 1994, in what could easily have been a description of why a terrorist ended up with a bomb.) Getting a deal closed between Ukraine and Russia took careful diplomacy. In January, 1994, Bill Clinton flew to Kiev, and then to Moscow, to sign a Trilateral Statement with Boris Yeltsin and Leonid Kravchuk, then the Presidents of Russia and Ukraine.

http://www.newyorker.com/online/blogs/closeread/2014/02/how-ukraines-crisis-could-have-been-a-nuclear-nightmare.html

Jack2014

Pissy,
Do you even know what the hell your arguing about anymore?
It was Ukraine should have kept their Nucs.to fend off the Russians now!
You really did get your dong bitten by that snake. Things like that affect your brain you know.

Think on this for a month while you heal

Coos Bay Tom Loc: coos bay oregon

It's a bad day for all the rightys