The coming financial crisis

[Diomedes]

or better still, pick a few oysters out of the surf and eat them raw

[Phanatic]

My new job here in middle America has 50 cent sodas in the break room.

My last recent past job in middle America had a stocked free soda fridge that was taken away for the $1.50 machine. They also told all the contracting firms that they would be paying the salaries of their workers 4 months late. Firms have backed out and contractors are being told to find a new firm or see ya later. They're also getting a 10% pay cut across the board. The hourly workers also used to handle all the overtime. They get paid for it. No more overtime so all the salaried workers are putting in 70 hour work weeks to keep things running. I got out just in time.

[Seabiscuit36]

stop workng in middle america and you can go outside your building and buy a soda for 50 cents at a hotdog cart

i work from my home office 4 days a week now, life is good

[phattymatty]

Obama promises bipartisan action on deficits

By Edward Luce in Washington

Barack Obama on Monday launched what he promised would be an enduring bipartisan process to bring down the fiscal deficits that have started to explode under his watch.

Mr Obama, who called 130 lawmakers and members of think-tanks to the White House for what he described as a "fiscal sustainability summit", added that by the end of his first term, he would halve the budget deficit he inherited from George W. Bush.

He also promised to deliver a more transparent budget that would factor in the costs of the wars in Iraq and Afghanistan, natural disasters and the likelihood that Mr Bush's tax cuts would expire in 2010. Mr Obama's headline budget is due to be announced on Thursday.

"In order to address our fiscal crisis, we have to be candid about its scope," Mr Obama said. "For too long, our budget process in Washington has been an exercise in deception, a series of accounting tricks to hide the extent of our spending and the shortfalls in our revenue."

Some critics dismissed the half-day gathering as a public relations stunt in the midst of galloping budget deficits. Last week saw the signing of the $787bn fiscal stimulus package, while this year's budget deficit is expected to exceed $1,500bn.

But participants said the event charted a course that could result in bipartisan action to rein in the sharply rising costs of entitlements, particularly on healthcare. Although Mr Obama denied suffering from "summititis", he promised another summit next week on healthcare reform.

"To devote this much time to long-term fiscal discipline in the middle of everything else that is on is plate is a very encouraging sign," said Maya MacGuineas, head of the Committee for a Responsible Federal Budget, who attended the sustainability summit. "He has planted a clear flag in the ground for fiscal discipline."

Analysts said the meeting could result in the creation of a bipartisan commission that would work to a deadline later this year. "It might sound odd to be spending like a drunken sailor and holding meetings about fiscal discipline, but it does make sense," said Norm Ornstein, a fellow at the American Enterprise Institute.

Although Lawrence Summers, head of the National Economic Council, fell asleep on the podium, most attendees, including Republicans, appear to have appreciated the exercise. There was even some light-heartedness.

John McCain, the former presidential candidate, recommended Mr Obama get rid of his planned new presidential helicopter, the cost of which now equals that of Air Force One. Mr Obama said the existing chopper was adequate, but added that he had no experience of personal helicopters.

[PoopyfaceMcGee]

Well, I hope so.  They are a long way off from anything resembling responsibility right now.

AND YES, BEFORE YOU iceholeS SEE THE NEED TO POINT IT OUT FOR THE GAZILLIONTH TIME, THE REPUBLICANS (REAGAN, W, DOUCHES IN CONGRESS) ARE JUST AS MUCH TO BLAME, IF NOT MORE, THAN THE DEMOCRATS.

[phattymatty]

does no one else think that one of obama's top money guys falling asleep at the podium of the fiscal summit is hilarious? who the farg does that?

[PoopyfaceMcGee]

His wife is probably a cvnt.

[General_Failure]

Roman bitches. We've all been there.

[rjs246]

I find it hilarious. But come on, I slept through all of my economics classes in college which is why I couldn't get get my business minor. That shtein is fall asleep with your dick in a bitch boring.

[ice grillin you]

does no one else think that one of obama's top money guys falling asleep at the podium of the fiscal summit is hilarious? who the farg does that?

dick cheney used to fall asleep on the regular during hearings and speeches

[reese125]

That shtein is fall asleep with your dick in a bitch boring.

I cant tell you how opposite I feel about this statement

there is nothing more comfortable after laying pipe

[rjs246]

That shtein is fall asleep with your dick in a bitch boring.

I cant tell you how opposite I feel about this statement

there is nothing more comfortable after laying pipe

I was trying to say that economics was boring enough to put me to sleep even if I were mid-coitus.

[ice grillin you]

jon stewart ass pillages cnbc

http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice

[Phanatic]

jon stewart ass pillages cnbc

http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice

holy crap that's awesome!

[PoopyfaceMcGee]

That is gold.