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crimhead

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Posted: April 09 2009 at 12:34

Christmas came early this year in the form of a letter from Roger Ebert to Bill O'Reilly:

http://rogerebert.suntimes.com/apps/pbcs.dll/article?AID=/20090407/COMMENTARY/904079997/-1/RSS

crimhead

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Posted: April 10 2009 at 12:50

micky

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Posted: April 10 2009 at 15:13

hahahhahahahh

*spits coffee on computer screen*

The Pedro and Micky Experience - When one no longer requires psychotropics to trip

micky

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Posted: April 10 2009 at 15:18

crimhead wrote:

Christmas came early this year in the form of a letter from Roger Ebert to Bill O'Reilly:

http://rogerebert.suntimes.com/apps/pbcs.dll/article?AID=/20090407/COMMENTARY/904079997/-1/RSS

The Pedro and Micky Experience - When one no longer requires psychotropics to trip

tszirmay

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Posted: April 10 2009 at 15:27

IVNORD wrote:

tszirmay wrote:

As I said earlier, the current crisis (Crisis, what crisis?) was 100% private sector fueled. Remember that day this past fall when gas went up 25 cents in one day? Well, that has never happened before and some federal bureaucrat went to find out why! Turns out that on that day there was little offer or demand, no explosions in Baghdad and no North Korean missiles launches. Just a plain old lazy day at the office except that speculators in futures decided that , "What the heck everyone (that 's the general public) is

asleep at the wheel , not paying attention, why don't we make a killing today?" Why not? The government (those bad bad bad men in black) moved in and PRESTO ! the price of gas had fallen in a jiffy and stayed down ever since!!!! and the speculators scattered like hungry hyenas , not liking the heat one bit. I mean really, how stupid can we all be???? !!!!

BTW, this rant was based on a "60 minutes" story called the "Price of Oil".

It's rather typical for both the bull and bear market to turn around on a price spike. THe most famous one was the turnaround of the gold market in 1980 when gold futures fluctuated over $100 in one day, and the $25 oil move wasn't anything unusual. Besides, it happened in early June, 2008, over the period of 2 days, not 1, before the market began moving down. The government had nothing to do with it. Investigations with vague threats of regulations don't move markets. In fact all those calls for investigation were a smoke screen designed to deflect attention from the real villain. Not that the speculators are completely innocent here, but the blame lies with the US government and the Fed Reserve. You can see the former by listening to the 60 minutes story. Although it is thoroughly misleading, it mentions the fact that the financial markets were deregulated. It conveniently does not say who was responsible for that thaus creating an impression it was the Bush administration, but it was really Clinton with a little help from the Rubin-Summers team. As for the role of the Fed Reserve Bank, it's not as evident from the Steve Kroft report, but when he says the funds in the oil market rose from $13 bln to $300 bln, the quuestion is where did this money come from? The Fed provided the ammunition for the speculators by printing dollars. The entire oil bubble was rather a reaction to the unprecedented rate of the money supply. The "100% private sector fueled" it was not

Some of us already know from historical perspective as well as today's realities than nothing is black and white (BTW, even that is not politically correct anymore!

) . Certainly the lines of responsibilty are blurred and multi-dimensional. But I used the word "fueled" specifically because I enjoy sarcasm perhaps more than the other more serious pundits. I still insist that our financial geniuses (our entrepreneurial giants) are a bunch of greedy idiots (the major Madoff victims !) and that government is often stupid but at least someone oversees them , our beloved media and press and smart guys like you . My point is that the private sector took the ball and ran with it while everyone was looking at the referee and umpires , waiting for the flag to drop. Yeah, right!!!! In my OPINION, governments' biggest crime is they act too slow or too impulsively , sometimes both. Do you suggest we abolish any kind of checks and balances? What do you suggest be done? I am curious about your visions and solutions!

Edited by tszirmay - April 10 2009 at 15:29

I never post anything anywhere without doing more than basic research, often in depth.

micky

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Posted: April 10 2009 at 15:35

tszirmay wrote:

In my OPINION, governments' biggest crime is they act too slow or too impulsively , sometimes both. Do you suggest we abolish any kind of checks and balances? What do you suggest be done? I am curious about your visions and solutions!

amen brother... we got a glimpse... in fact saw what some knew.. that free markets and trickle down economics was a sham.. a get rich scheme.. for the rich.. made BY the rich. A house of cards that finally fell down. Government was at fault... by vacating it's DUTY to check and balance the markets.

The Pedro and Micky Experience - When one no longer requires psychotropics to trip

Slartibartfast View Drop Down

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Posted: April 10 2009 at 16:54

Everybody does better when everybody does better. When the system is rigged to make the rich richer at the expense of the rest of us, the system is set on a path of disequilibrium and will inevitably crash.

By the way, what the hell is up with this?: LOL

And some more to annoy those of you on the right:

Quotes

"I think Republicans might be confusing 'tyranny' with 'losing'. You see, when the guy
you disagree with gets elected, he's probably going to do things you disagree with....
That's not tyranny, that's democracy."
-- Jon Stewart, trying to reason with a rabid dog, Link

Edited by Slartibartfast - April 10 2009 at 17:11

Released date are often when it it impacted you but recorded dates are when it really happened...

micky

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Posted: April 10 2009 at 17:01

Slartibartfast wrote:

Everybody does better when everybody does better. When the system is rigged to make the rich richer at the expense of the rest of us, the system is set on a path of disequilibrium and will inevitably crash.

and without regulation it will...and it did... hopefully this crisis will the final repudiation I hope of that failed ..pardon the pun.. bankrupt economic school of thought.

The Pedro and Micky Experience - When one no longer requires psychotropics to trip

horsewithteeth11 View Drop Down

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Posted: April 10 2009 at 17:37

I don't blame it so much on that as much as it is a bunch of dumb politicians put into office by a dumb electorate.

Slartibartfast View Drop Down

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Posted: April 10 2009 at 17:39

birdwithteeth11 wrote:

I don't blame it so much on that as much as it is a bunch of dumb politicians put into office by a dumb electorate.

Well, as Zappa sang, "we're dumb all over and a little ugly on the side" LOL

Released date are often when it it impacted you but recorded dates are when it really happened...

horsewithteeth11 View Drop Down

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Posted: April 10 2009 at 17:40

micky wrote:

and without regulation it will...and it did... hopefully this crisis will the final repudiation I hope of that failed ..pardon the pun.. bankrupt economic school of thought.

I wouldn't have a problem with regulation. But I do for one reason: most of the time it doesn't work. Sure we do need certain restrictions, but most of them are unnecessary or violate people's rights.

And I find my government fairly incapable as it is (i.e. not fixing a ballooning national debt).

horsewithteeth11 View Drop Down

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Posted: April 10 2009 at 17:41

Slartibartfast wrote:

birdwithteeth11 wrote:

I don't blame it so much on that as much as it is a bunch of dumb politicians put into office by a dumb electorate.

Well, as Zappa sang, "we're dumb all over and a little ugly on the side" LOL

True.

micky

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Posted: April 10 2009 at 17:44

close... let me help you out LOL

birdwithteeth11 wrote:

Slartibartfast wrote:

Everybody does better when everybody does better. When a bunch of dumb politicians put into office by a dumb electorate rigged the system to make the rich richer at the expense of the rest of us, the system is set on a path of disequilibrium and will inevitably crash.

The Pedro and Micky Experience - When one no longer requires psychotropics to trip

mr.cub

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Posted: April 10 2009 at 21:34

Careful...we don't want O'Reilly to unleash his wrath upon PA for disgracing the good name of Sara Palin.

tszirmay

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Posted: April 10 2009 at 23:25

^^^WHO?

I never post anything anywhere without doing more than basic research, often in depth.

horsewithteeth11 View Drop Down

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Posted: April 11 2009 at 23:55

micky wrote:

close... let me help you out LOL

birdwithteeth11 wrote:

There we go. Clap

crimhead

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Posted: April 12 2009 at 11:42

birdwithteeth11 wrote:

I don't blame it so much on that as much as it is a bunch of dumb politicians put into office by a dumb electorate.

It won't change till we take the money out of politics and put term limits on all public offices.

crimhead

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Posted: April 12 2009 at 12:08

http://hosted.ap.org/dynamic/stories/T/TV_BECKS_TOUR?SITE=MOSTP&SECTION=ENTERTAINMENT&TEMPLATE=DEFAULT

So this must be an extension of his show on FauxNews.

micky

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Posted: April 12 2009 at 12:11

ehhh... I fouled it off the end of my bat the first time.. let me swing again. LOL

birdwithteeth11 wrote:

micky wrote:

close... let me help you out LOL

birdwithteeth11 wrote:

Slartibartfast wrote:

Everybody does better when everybody does better. When a bunch of dumb RICH politicians put into office by a dumb electorate rigged the system to make the rich richer at the expense of the rest of us, the system is set on a path of disequilibrium and will inevitably crash.

There we go. Clap

*crack....going...going....GONE!!!* Heart

The Pedro and Micky Experience - When one no longer requires psychotropics to trip

tszirmay

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Posted: April 13 2009 at 14:13

hahahahahahahaha. That mouse comment is judiciously hilarious! I actually do watch Faux News on occasion only to remind myself that massive idiots do have a dirty soapbox to orate from and that intellectual onanism still thrives in good ole' free-speech America . Hope someone spits into "his" monitor soon.

I never post anything anywhere without doing more than basic research, often in depth.