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OUR FLOURISHING ECONOMY

  • FLIP-FLOPPERS: So now maybe the Fed will rescue AIG after all, which means McCain will immediately change his position to “AIG is too big to fail,” which is exactly the flip-flop he did on Fannie Mae and Freddie Mac. [Bloomberg]


3:14 PM on Tue September 16 2008
By Ken Layne
696 Views

  1. NoWireHangers says at 3:19 pm, September 16th, 2008

    Hell, let them all fail. If the country is going down in shit let’s at least do it right. If there’s one thing we’re good at doing these days it’s failing. EPIC FAILURE FTW.

  2. BobLoblawLawBlog says at 3:19 pm, September 16th, 2008

    Eh. I got nothing. He’s an inept and vindictive slime.

  3. Special Agent Jack Mehoff says at 3:22 pm, September 16th, 2008

    Why are you attacking the CEO of Research in Motion like that? Lets stay focused on the woman who has expanded our empire to the shores of the eastern block. WOO!!!

  4. ColdCupofHope says at 3:23 pm, September 16th, 2008

    Speaking of corporate fat cats, Carly “Tina Fey is a sexist” Fiorina managed yet another whopper in her secret campaign to bring down WALNUTS! from the inside–something she did for HP quite handily.

    When asked by a radio host if the snowbilly-du jour VP had the chops to run a company, she responded with a flat, “No.” So, Palin isn’t qualified to run a company of 3000 employees, but a COUNTRY!?! That she can do! No prob.

    http://www.huffingtonpost.com/2008/09/16/fiorina-palin-couldnt-do_n_126827.html

  5. Cogito Ergo Bibo says at 3:23 pm, September 16th, 2008

    “My sister! My mother! My sister! My mother!”

    It’s Chinatown.

  6. AfghanVet says at 3:23 pm, September 16th, 2008

    NO BAIL OUTS! Unless my lobbyist staff says so…after Bush finds out how much of his portfolio ISN’T in Bolovia and decides maybe we should bail them out…with tax dollars…borrowed from the Chinese.

  7. mookworthjwilson says at 3:23 pm, September 16th, 2008

    What does Lord Helmet think of this? I really want to know…

  8. So AIG is “too big to fail”, but Lehman Brothers, apparently, was small potatoes.

  9. Gopherit v2.0 says at 3:24 pm, September 16th, 2008

    I’m so gonna buy my mortgage for a pack of smokes and some jars of preserves.

  10. freakishlystrong says at 3:25 pm, September 16th, 2008

    WALNUTS! doesn’t flip-flop, he gets his old man slippers on the wrong feet…

  11. iwillsavethispatient says at 3:25 pm, September 16th, 2008

    If AIG do get bailed out, it will mean that a portion of US taxpayers’ money will be going to pay for English soccer players’ wages; AIG are Manchester United’s shirt sponsor. Not that it would be the first government shirt-sponsor, as Newcastle United’s shirt sponsor is the Northern Rock bank, which was saved by the British Government last year.

    Do we have a list of banks that probably won’t go bust? I’ve got a WaMu account and I’m considering jumping ship!

  12. 2druk2phluq says at 3:25 pm, September 16th, 2008

    I finally got revenge. Having spent my life as a broke-ass writer who has absolutely nothing, I can now watch oodles of wealthy people losing money Hanover Fist (calling Hanover Fist [Hanover Fist]{Hanover Fist!}). I hope to catch some of the phat cats down at the Quickie Mart sparechanging, because then I could blow my 4:20 in their faces and grin.

  13. AnnieGetYourFun says at 3:26 pm, September 16th, 2008

    mookworthjwilson: I’ll try to fill in. Um… you are all incredibly stupid, so stupid that it makes me laugh. John McCain is “Awesomer” than your stupid fake “Poser” and that also makes me laugh. USA, USA, somethingsomething you all suck.

  14. dilhavarti says at 3:26 pm, September 16th, 2008

    This ship is unsinkable.

  15. Special Agent Jack Mehoff says at 3:26 pm, September 16th, 2008

    mookworthjwilson: He is unsure of himself since having the raspberry used against him. He is broken.

  16. Canmon (the Inadequate) says at 3:26 pm, September 16th, 2008

    When did the fed become responsible for insurance companies?

  17. freakishlystrong says at 3:28 pm, September 16th, 2008

    mookworthjwilson: Suffer through Rush, Faux, or any right-wing blowhard, they all have the same script…

  18. Lord Helmet says at 3:28 pm, September 16th, 2008

    Fanny and Freedy.

    Run by Clintoistas.

    Why expect anything other than Guarantee Savings and Loan?

  19. greatgooglymoogly says at 3:29 pm, September 16th, 2008

    McCain 1.0: “Duck season!”
    McCain 2.0: “Wabbit season!”
    McCain 1.0: “Duck season!”
    McCain 2.0: “Wabbit season!”
    McCain 1.0: “Wabbit season!”
    McCain 2.0: “Duck season! … Uh, wait a minute …”

    Economy: *BLAM*

  20. shorter McCain: I think this proves my point.

  21. ColdCupofHope says at 3:30 pm, September 16th, 2008

    mookworthjwilson: You have to admit–George Soros is an awesome boogyman. What with his 527, and his money, and…

    No, I take it back. Soros can suck it. No one cares. I gave up caring halfway through a sentence.

  22. Cogito Ergo Bibo says at 3:32 pm, September 16th, 2008

    Well, since the fundementals of the economy are sound, of COURSE we can afford to float AIG a loan. Except that, of course, they aren’t. And we can’t.

  23. Lord Helmet says at 3:32 pm, September 16th, 2008

    Can we all agree that on economic issues, Obama has ZERO experience and ZERO credibility?

  24. Mr. Herpes says at 3:33 pm, September 16th, 2008

    Wow, this is soooo cool. I’ve always wanted to visit 1929. You know, Herbert Hoover always said that America just “needed a good joke” to shake free of the Depression. Who knew he was porking Phil Gramm’s momma?

  25. AfghanVet says at 3:33 pm, September 16th, 2008

    Lord Helmet: Dude…pull your pants up…get off the cuckhold site you have in the bottom right corner of your computer desktop…and try to use the intertubes for good and not evil.

    This drivel might play on CNN or Fox, but the group here is a little too informed to deal with you. Snark requires being informed…your drivel requires basic motor skills.

  26. iwillsavethispatient says at 3:34 pm, September 16th, 2008

    Lord Helmet: If that’s true, then there really should be more federal oversight of the banking industry. I assume that’s your point?

  27. Cogito Ergo Bibo says at 3:35 pm, September 16th, 2008

    iwillsavethispatient: Bank of America is buying everyone and everything. Sooner or later, it’ll probably buy WaMu too. No one seems to care at all how big BoA gets or who it buys. Take the short cut and just bank with BoA. It’s just a time-saver for you.

  28. AfghanVet says at 3:35 pm, September 16th, 2008

    Cogito Ergo Bibo: Fuck it…it’s all Chinese money anyway. It’s like Monopoly money except with cool symbols like an upside down doghouse and pi sign.

  29. AngryBlakGuy says at 3:36 pm, September 16th, 2008

    …that cant let everyone in the oligopoly go out of business, if they do who will they give all the big no bid contracts and tax cuts too? Whoever said let them all go out of business, I’m with you 100%. We were way better off in the past when we had a shit load of small and medium size banks(and other industries). But the Republicans realized that the more you let industries consolidate the more money they can give you when you retire and become a lobbyist.

  30. Serolf Divad says at 3:36 pm, September 16th, 2008
  31. freakishlystrong says at 3:37 pm, September 16th, 2008

    Lord Helmet: Helmet, please enlist TODAY and go fight the war on terra.

  32. Reefpilot says at 3:38 pm, September 16th, 2008

    Something we all can agree on:

    Lord Helmet:
    Bringing the experience and CREDIBILITY to Wonkette, gangsta-style.

  33. StripesAndPlaids says at 3:38 pm, September 16th, 2008

    AnnieGetYourFun: Do you think Lord Helmet is really Jim Newell trying to drive up his hit and reply count? I’m not sayin’; I’m just sayin’.

  34. 2druk2phluq says at 3:39 pm, September 16th, 2008

    Lord Helmet: We can all agree that your skills as a troll are highly dubious. You’re supposed to act intelligent, then pull out the arsenal of wackiness. What you are doing works for your McPoints, and your signed literary masterpiece authored by Walnuts himself, but you really need to polish your flaming skills.

  35. tennessee Jed clampett says at 3:40 pm, September 16th, 2008

    Canmon (the Inadequate): since the republicans began making up rules as they go along….

  36. Lord Helmet says at 3:43 pm, September 16th, 2008

    When it comes to economics, lets look to Obama’s vast legislative record…… lol

  37. Canmon (the Inadequate) says at 3:43 pm, September 16th, 2008

    I’m note sure how McCain is responsible for this. It seems like Governor Paterson is the one pushing for the bailout.

    If you wanted to bring the election into this perhaps you could have commented on the optics of Obama hosting a $28,500-a-plate dinner with Barbra Streisand in the middle of a financial meltdown.

  38. ColdCupofHope: ahahahahahahahaha! Carly Fiorina is as over her head in politics as she was running HP (into the ground).

  39. SayItWithWookies says at 3:46 pm, September 16th, 2008

    Ah, George Fuckin’ Bush — he believes deeply in whatever principle he’s using to get what he wants at the time. And when everything goes to shit, his answer is to throw money and federalize. From the TSA after 9/11 to Iraq and Katrina, he whips out the checkbook as a substitute for actually figuring out how to fix a problem. It’s like having Steve Martin’s character from The Jerk running the country.

  40. StripesAndPlaids says at 3:46 pm, September 16th, 2008

    Serolf Divad: I’ll grant you the Obama Waffles are racist, but really, when you think about it, there is a long history of racism in waffles and pancakes. Look at Aunt Jemima. Look at Mrs. Butterworth! Where’s the outrage?!

  41. Gopherit v2.0 says at 3:51 pm, September 16th, 2008

    StripesAndPlaids: But….mmmmmm….waffles.

  42. obfuscator says at 3:54 pm, September 16th, 2008

    StripesAndPlaids: I’d prefer to move out of the breakfast food category when it comes to McCain. “Grandpa John’s Ancient Olden Days Saltine Crackers”.

  43. greatgooglymoogly says at 4:06 pm, September 16th, 2008

    Canmon (the Inadequate): $28,500 a plate. That’s some good eatin’ right there.

    It is interesting, though, that Superstar Sarah only raised about $1MM at her first big fundraiser, while tired old spent-and-outta-mo-Bama will be raking in almost 10 times that much at, what’s this, his jillionth funder? Wonder what that means, anyway.

  44. I now have a goal in my life: to become too big to fail. Not big in a physical way, ’cause that’s pretty hopeless for me as I’m tall but not big, but as a personality.

  45. obfuscator: Gramps’ Old-time Wormy Hardtack

  46. Canmon (the Inadequate): I’m visualizing Hopey taking all that cash and defeating McCain/Palin in the middle of this financial meltdown… Morning in America, bitchezzzz!

  47. sati demise says at 11:43 pm, September 16th, 2008

    Tawmn: And Canmopn (the inadequate)

    How McCain ’caused’ this crisis? His BFF Phil Gramm voted as a buddy team for decades and championed de-regulation. Gramm removed banking and securities laws that were put in place after the great depression to regulate the banking sector.

    In the Bush economy (I work in this economy, too) the RICH have lots and lots of money. Just like Mexico!
    So they will not have to suffer to go and hear a private concert by Streisand.

    And it gives Barb something meaningful to do.
    You are just mad the world famous singer did not go PUMA with you.
    She actually honored Hillarys request to support Mr. Obama.

  48. DC Spring says at 2:07 am, September 17th, 2008

    Mr. Herpes: You’ll be there by Friday.

    Calling AngryBlakGuy too.

    Just had an innaresting 72 hours on the finanshuls. Helter Skelter. With whose money? Not sure.

    But there’s this great gig checking radon meters in the District, and that ain going away. They’re not making any less granite.
    Umm, but there’s a big ol economic snark killer coming this way. Booyah!?

    Unless the wonketteers want to make a movie out of it? Hell, why not, Present at the Depression of 2008? See, you reference Dean Acheson and a bunch of others, snark it up and way you go…!? Platinum!

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