Wonkette

You know what we haven’t done in a while, due to fatigue or nerves or hangovers or whatever it’s called? A Comment of the Day, that’s what! Let’s do one right now, and honor Mr. or Mrs. NebraskashireGentry for this smart economic advice in response to our tragic 4 a.m. Great Depression II post. MORE »

We seem to be having some economic problems. Los Angeles billionaire Eli Broad (the “B” in KB Homes) tells Bloomberg that “this is worse than any recession we’ve had since World War II.” Bloomberg editors noted, on Friday, that U.S. stock declines hadn’t been so lousy since June of 1930, during that Great Depression. Ah, hell …. MORE »

That 0.6% bit of economic growth in the first quarter of 2008 was just the pathetic result of $3.50-a-gallon gasoline, but there is one sector of the U.S. economy that’s truly booming: Desperate Americans are selling off their last possessions on Craigslist and other online flea-market sites, just so they can buy a little food and gas. MORE »

Dorkus W. Dildo had a press conference today, in his garden. He is very rich and has an entire hospital to attend to him and bombs anything that makes him confused and no matter what crime he does, he never gets sent to prison, so he is exactly like ordinary poor Americans like you. Bush Junior has heard about how maybe the “economic” is a problem, so he told those losers who still have to act like he’s important — you know, the White House correspondents — that he “figured out” what was wrong and guess what, it’s Congress, which has Democrats. MORE »

John McCain is your grandfather, but older. He’s also bored and wants to beat Barack Obama. Combine these things together and you get his latest gimmicky week-long tour. This one’s based around the Great Depression and rural areas that had no food during the period. It will be McCain’s first visit to many of these destroyed ghost towns, as he was too old and decrepit to visit them in the 1930s. MORE »

Marketwatch wants you to cheer up. Well, not all of you, just the ones with investments and money who are freaking out because poor people are rioting over scarce food supplies, millions of foreclosed homes are sitting empty and unsold, and local governments are no longer able to afford police and firefighters to protect rich people from the hordes. What to do? Laugh, that’s what! MORE »

NOBODY LOVES BUSH: “All the conversation going on now is Obama, Clinton and McCain, and people are not talking about: ‘What’s George Bush thinking? What’s George Bush going to do?’” [New York Times]

You know how the entire U.S. and maybe Global Economy is collapsing, right now? That’s all because people like Countrywide CEO Angelo Mozilo came up with the brilliant idea of giving huge mortgages to people with no down payment and no income and no credit, and then he immediately sold the mortgages to investment banks and hedge funds that chopped up the loans and sold them again and again, so that basically the entire financial system was propped up on trillions of dollars worth of doomed loans that Countrywide knew were worthless, and this whole shell game caused a real-estate bubble that has since popped, wiping out half the house equity in the nation, and meanwhile these same chief executives were taking home hundreds of millions in bonuses for pulling off this fraud operation.

That’s why Virginia Congressman Tom Davis wants to make sure these subprime CEOs are treated very well during this difficult time. MORE »

On this day in 1933, another smooth-talking Ivy League hopemonger won the White House during a terrible depression. He was also a minority in a way, in that he had no legs. Meet Franklin D. Roosevelt! You may have heard of him! MORE »

This historic occasion deserves two posts on Wonkette, because pretty much anything deserves at least two posts on Wonkette. Anyway, George W. Bush is solving the economies right now. Are you excited? He is going to let us trust patients and doctors, and there will be, uh, some kind of government bonds we can purchase with the money we don’t have to keep our homes out of foreclosure. MORE »