The coming financial crisis

[reese125]

which means our economy is better now

[Seabiscuit36]

im rich again

[ATV]

Apparently the stock market is only indicative of our economy when it's going down.

[PoopyfaceMcGee]

Wrong.  It's indicative of our economy when it's going up during a Democratic Presidency or down during a Republican one.

[ATV]

http://polipundit.com/wp-comments-popup.php?p=20721&c=1#comments

^ Ok. I knew these guys were full of it.

[hbionic]

China's Oil Needs

[ATV]

From http://www.fivethirtyeight.com/2009/03/two-birds-one-stone-regulation-and.html

[ATV]

http://www.nytimes.com/1999/11/05/business/congress-passes-wide-ranging-bill-easing-bank-laws.html

''The world changes, and we have to change with it,'' said Senator Phil Gramm of Texas, who wrote the law that will bear his name along with the two other main Republican sponsors, Representative Jim Leach of Iowa and Representative Thomas J. Bliley Jr. of Virginia. ''We have a new century coming, and we have an opportunity to dominate that century the same way we dominated this century. Glass-Steagall, in the midst of the Great Depression, came at a time when the thinking was that the government was the answer. In this era of economic prosperity, we have decided that freedom is the answer.''

''I think we will look back in 10 years' time and say we should not have done this but we did because we forgot the lessons of the past, and that that which is true in the 1930's is true in 2010,'' said Senator Byron L. Dorgan, Democrat of North Dakota. ''I wasn't around during the 1930's or the debate over Glass-Steagall. But I was here in the early 1980's when it was decided to allow the expansion of savings and loans. We have now decided in the name of modernization to forget the lessons of the past, of safety and of soundness.''

Senator Paul Wellstone, Democrat of Minnesota, said that Congress had ''seemed determined to unlearn the lessons from our past mistakes.''

[Diomedes]

that article is pretty rich. 

[rjs246]

I was recently sent an article from 1999 predicting the perils that would result from repealing Glass-Steagall. Maybe I'll dig it up and grace all of your faces with its beauty.

[rjs246]

An international angle. Blabbity blabbity blah.

[rjs246]

Nucular energy is zero carbon but the hippies hate it anyway.

[Rome]

We should have ended our dubious flirtation with nuclear power a generation ago.   Chernobyl and Three Mile Island were warning signs that have been blissfully ignored.  Sooner or later one of those plants is either going to melt down or be deliberately attacked by terrorists and we're going to have destruction and death on a scale that will make Hiroshima & Nagasaki look like back yard brush fires.

Ah farg it... who wants pie?

[rjs246]

I'm all about some nuclear power and realistically there is no way to move from where we are to a low-carbon-consumption energy plan without it.

[Rome]

Building new plants is the height of insanity especially considering we don't have any sort of plan to deal with the waste that we've already produced and continue to produce each day.