The coming financial crisis

[Seabiscuit36]

The gubament told them to shore up credit lines

[Munson]

i actually felt uncomfotable watching it it was such a massacre...it made stewarts destruction of crossfire seem like a love tap

This.

I almost felt bad for the guy watching this.

[Phanatic]

CIO of the new company I work for came in and gave us a scary speach saying this economy will be talked about in schools for years to come and that things are going to get real bad. What a bundle of joy he was.

[Seabiscuit36]

Looks like i wont be moving any time soon based on where things are heading.  I need to buy some metal grates for the windows. 

[rjs246]

The company I work for creates software for financial institutes. We went through about 6 months of no new business but have pulled out of that and now have a pretty normal steady stream of new business coming in. If this is any indicator, and I have no idea if it is, our country's major financial institutes are starting to spend money again and we may be pulling out of this. I might be making a big jump in logic there, though so take it for what it's worth.

[Seabiscuit36]

The company I work for creates software for financial institutes. We went through about 6 months of no new business but have pulled out of that and now have a pretty normal steady stream of new business coming in. If this is any indicator, and I have no idea if it is, our country's major financial institutes are starting to spend money again and we may be pulling out of this. I might be making a big jump in logic there, though so take it for what it's worth.

we've seen upticks on some of our stuff at work, which i think is a good sign.  At the same time, the new stuff coming about about this being the next great depression scares the poo out of me

[Diomedes]

I had four days worth of work last week for the first time in forever.  It's the Turnaround!  Praise Obama!

[Geowhizzer]

My wife found out officially last week - 20% cut effective immediately.  Roughly $500 per month after taxes.

Add that to the extra $250 per month I'm shelling out in added insurance costs (same coverage as last year, just way more expensive), and we're in a bit of a fix.  Lots of fat to be trimmed from the budget.

At least we still have jobs.

[phillymic2000]

I had four days worth of work last week for the first time in forever.  It's the Turnaround!  Praise Obama!

http://money.cnn.com/2009/03/15/news/economy/bernanke_60minutes/index.htm?postversion=2009031518

Does this mean we can cancel the majority of the first stimulus package that doesn't kick in until 2011?

[ATV]

I don't get it. How is this supposed to be funny?

[PoopyfaceMcGee]

I don't get it.

Shocking.  I'm shocked.

"Stimulus" should, in theory, be legislation to help prevent the current economy from sinking into depression.  However, it is clear that the administration and the congress used their mandate to make the definition of "stimulus" quite a bit broader.

Basically, all new government programs and spending, short term and long term, are now "stimulus."

EDIT
This is what I'm talking about, for those of you that are slow.

[ATV]

That's farging hilarious.

Share more of your knowledge, right-leaning wise ones.

[PoopyfaceMcGee]

Why bother?  You'll see the final result of this.

[mpmcgraw]

So Obama is a polictician.

Who knew? I thought he was christ.

[Munson]

"Trickle up economics doesn't work. We know that."

Yeah, we also know that trickle down hasn't worked a damn bit.
But yes let's stick with that!