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Obama's Downgrade
Cerberus.Irohuro
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By Cerberus.Irohuro 2011-08-08 18:04:06
Psycho Slip said: One of the many reasons voting does no good, is politicians tell you what you want to hear to get your vote, one after another. So okay we learned politician A won't actually do anything they promised, so this next election we don't vote for him.. Now we vote for politician B, same thing.
'Voting better' doesn't really mean anything, unless it's voting for a new system entirely.
this, basically
By slipispsycho 2011-08-08 18:08:30
Cerberus.Eugene said: If you're looking for a perfect candidate you're not going to find one. But there are people who obviously shouldn't be steering the ship. If you pull the people who are leading you off course out of the helm, maybe the ship will slowly drift back on course.
I'm aware you're never going to find the perfect politician, but that has no bearing on my argument/statement. Your voting on people based on what they promise to do, then when they are elected, they don't do it. You're not voting for a 'good Captain' to take the helm, you're just electing a long list of pirates and scoundrels with silver tongues.
My point is, it doesn't matter what evil you choose, in the end it's still the same thing. It's like being out in the ocean and a magical shark asking you if you want it to bite off your leg or or your arm, but you have to choose one.. Either way, you're ***.
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Cerberus.Eugene
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By Cerberus.Eugene 2011-08-08 18:13:39
I guess my disagreement is with the whole fatalist flavor. In a bad situation you where you're almost certain to lose you can fold and give any chance of change or take a chance and maybe something will improve. You're no worse off either way, but if you take action there is a chance things will get better.
Lakshmi.Byrth
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By Lakshmi.Byrth 2011-08-08 18:18:28
Yeah, this article is pretty much entirely how I see it.
The path forward is pretty clear, but on the way we're going to have to change some of the things that got us here in the first place and I'm not sure the system is up to the task.
By Paulus 2011-08-08 18:20:24
Wasn't it those same ratings agencies that told us everything was all good in 2008?
Lakshmi.Galith
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By Lakshmi.Galith 2011-08-08 18:49:23
Paulus said: Wasn't it those same ratings agencies that told us everything was all good in 2008?
The difference is the CEO and CFO of AIG didn't go on the tele every day for a month saying their mortgage investments were rubbish.
By Raborn 2011-08-08 19:22:07
Lakshmi.Jaerik said: To me, the problem is that we've fostered a culture where everyone is an expert, and yet won't listen to experts.
We don't trust biologists to talk about biology, climatologists to talk about climate, astrophysicists to talk about astrophysics, or economists to talk about economics. We dismiss statistics as lies. We view all expert information as biased. We've jettisoned everyone with any informed opinion as a member of the "elite," and the elite are not to be trusted.
We've become so conceited, we think the average person has enough expertise and knowledge to find simple solutions for every problem, despite the fact most of us are impossibly under-educated and arrogantly proud of that fact. And we won't look to anyone other than ourselves for answers, because we believe we occupy a special, pseudo-religious Mr. Rogers style "we're special" place in the world, where none of the experiences or history of other countries could possibly have any bearing on our own.
We trust blowhard cable news pundits with even less education than ourselves to filter our information and spin it into manufactured outrage, selling us hopelessly myopic ideologies based on over-simplified talking points. All so we'll then feel compelled to storm off in righteous indignation and regurgitate it all into pointless forum threads, while deluding ourselves into thinking we're having a genuine independent thought.
The market is tanking because nobody has any idea what the hell is going on anymore. The debt ceiling negotiation showed that both parties have their heads so far up their *** they're more interested in making the other side lose than accomplishing anything of logical value. Nobody knows if we'll be able to cut spending or raise taxes any time soon. Will the Tea Party just default us out of principle in a few months? Nobody knows! S&P downrated us? Great. What does that mean? Does it mean anything? Nobody knows! And when nobody knows, people bolt, and take the market down with them.
Because the electorate is so wrapped up in screaming bitchfests as political blood-sport, egged on by braindead opinio-tainment journalism, and so convinced they have all the answers, they won't listen to any expert opinion that doesn't parrot their own version of reality while convincing them to stick through more Sleeptrain mattress commercials out of sheer team loyalty alone. It's politics as a religion, and just like we saw in the dark ages, the fearful need for simple villains and simple answers in times of deep uncertainty can lead human beings to very dangerous conclusions.
I'm &*#$ing tired of it. I'm going to disagree with you here on many fine points, starting with the expert statement: without your own intuition you are a sock. Know what a sock is? I'm not talking about the ones you put on your feet possibly every day. I'm talking about a puppet. Yes listen to what others tell you but do whatever you feel is the right thing to do, even if it ends up not being the best option. At the end of the day you only have yourself to blame for all your problems.
You think all of this knowledge that we have right now came from one person? You could study your entire life on 1 simple thing and never know everything about it. So the term expert I would say is not a very good term to describe someone who has 8 years of education and 15 years of experience in a field. It takes a lifetime to {{understand}} what life itself is, much less actually know anything about it. Will the person know more about a subject than say myself? Perhaps, I won't pretend to know everything about anything. I will share what knowledge I have with people even when not asked and listen to what others have to say even when I think they are wrong. I've learned no one is ever 100% correct, and because of this no one can be 100% wrong, ever. Think beyond thought before critiquing that.
"Live and Learn" - one of the best quotes ever. We are all human, we will always make mistakes, the only wrong or sin or evil if you want to call it. Is having the knowledge of knowing what will cause suffering to your fellow man and ignoring it to further a handful or less of people, knowing it hurts the majority in a huge way. We set the future for our descendants, though they may blame the problems on the leaders of the world tomorrow, whatever we do now sets the course of how they will live.
As far as spinning media goes, its not so far spun that you can't depict the real behind it. Naturally there will be things that you never hear that have happened, will happen, or are happening. It's those things that you should be more intrigued about because those silently play a huge role in what will happen on the table in the face of the public.
I will agree with you on the market tanking partly because of a lack of full understanding as to what is going on, but we also have to include the fact that we've allowed many foreign agencies into our major business trades and in doing so we may have set ourselves up for this. This is just a single theory of mine and a well stated theory in fact. From the soviets claiming they would defeat the US by destroying us economically. If the terrorists could get people into our pilot schools and have aerial assassins trained on our own soil. Who is to say that they haven't been years in the planing with other governments (saying no that's crazy is like saying if you are from another country you are too shallow to be capable of thoughts that far) to set us up for downfalls like this, 9-11 being the trigger that started the collapse in junction with people who have infiltrated even our own congressional members, deepening the rivalry of sides between members (R + D) (C + L), to set us on this spiral of downhill tomshittery. Spending ourselves into this fake delusion that we are the most powerful country in the world and no one can touch us, when in fact we left a blind eye to ourselves allowing ourselves to fall.(Of course this is just a single theory and a long shot at that).
To end what I'd really like to say outside of spitting theory and nonsense. Is simply what I've been saying for years now.
Nothing ever is achieved solely through talking. We can talk all day and get nothing done. My co-workers talk all day and you know what happens? *** ***Nothing. We can sit here and write back and forth all day and night and next week about how Obama sucks and Congress is going to hell in a handbasket. But you know what all of this is good for?
Same *** thing our members of government are good for, talking, talking, talking, talking, talking, talking.
Its action that gets stuff done. Take a stand, make a move, Change the future.
When ***hits the fan you fear what humans will do?
Do you know why you fear it?
Because its action and in most cases we wait until we can't take anymore and so it gets out of hand, people get hurt or die.
If the right thing morally was done in the first place we'd never be like this, but morality is a flippant thing. And has many different levels of meaning in different circumstances for many people.
23 years of philosophy, and nowhere near an expert. Even the worlds best known philosophers have flaws, and are best known for quotes or segments of their philosophies.
Welcome to Earth. Population: Who really knows? Inhabited by: Living Creatures of different flawed proportions.
Caitsith.Zahrah
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By Caitsith.Zahrah 2011-08-08 21:11:05
This has been a depressing weekend. This downgrade, foreign markets and our own taking a nose dive, and the riots in London.
Bad day.
EDIT: Also, some more bad news from Afghanistan.
Cerberus.Kalyna
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By Cerberus.Kalyna 2011-08-08 21:13:29
I predict Stock Market Crash within the next month.
Odin.Liela
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By Odin.Liela 2011-08-08 21:16:19
Caitsith.Zahrah said: This has been a depressing weekend. This downgrade, foreign markets and our own taking a nose dive, and the riots in London.
Bad day.
And the Somalian children. Quote: via Z. Arama "More than 29,000 children under the age of 5 have died of malnourishment in the last 90 days in southern Somalia alone due to the current famine."
I'm a terrible, horrible person for feeling worse about London than I do about the Somalian children. I have such a big fat soft spot for England. :-(
Caitsith.Zahrah
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By Caitsith.Zahrah 2011-08-08 21:18:06
Odin.Liela said: Caitsith.Zahrah said: This has been a depressing weekend. This downgrade, foreign markets and our own taking a nose dive, and the riots in London.
Bad day.
And the Somalian children. Quote: via Z. Arama "More than 29,000 children under the age of 5 have died of malnourishment in the last 90 days in southern Somalia alone due to the current famine."
I'm a terrible, horrible person for feeling worse about London than I do about the Somalian children. I have such a big fat soft spot for England. :-(
I just watched that too. Horrible. Can we just officially declare this the worst day in history?
By volkom 2011-08-08 21:20:05
Caitsith.Zahrah said: Odin.Liela said: Caitsith.Zahrah said: This has been a depressing weekend. This downgrade, foreign markets and our own taking a nose dive, and the riots in London.
Bad day.
And the Somalian children. Quote: via Z. Arama "More than 29,000 children under the age of 5 have died of malnourishment in the last 90 days in southern Somalia alone due to the current famine."
I'm a terrible, horrible person for feeling worse about London than I do about the Somalian children. I have such a big fat soft spot for England. :-(
I just watched that too. Horrible. Can we just officially declare this the worst day in history? nope, august 6, 1945 is the worst day in history.
Caitsith.Zahrah
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By Caitsith.Zahrah 2011-08-08 21:21:45
volkom said: nope, august 6, 1945 is the worst day in history.
You win. Unless another bomb is dropped.
Cerberus.Kalyna
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By Cerberus.Kalyna 2011-08-08 21:22:12
volkom said: Caitsith.Zahrah said: Odin.Liela said: Caitsith.Zahrah said: This has been a depressing weekend. This downgrade, foreign markets and our own taking a nose dive, and the riots in London.
Bad day.
And the Somalian children. Quote: via Z. Arama "More than 29,000 children under the age of 5 have died of malnourishment in the last 90 days in southern Somalia alone due to the current famine."
I'm a terrible, horrible person for feeling worse about London than I do about the Somalian children. I have such a big fat soft spot for England. :-(
I just watched that too. Horrible. Can we just officially declare this the worst day in history? nope, October 28, 2003 is the worst day in history. ftfy
By volkom 2011-08-08 21:25:16
Cerberus.Kalyna said: volkom said: Caitsith.Zahrah said: Odin.Liela said: Caitsith.Zahrah said: This has been a depressing weekend. This downgrade, foreign markets and our own taking a nose dive, and the riots in London.
Bad day.
And the Somalian children. Quote: via Z. Arama "More than 29,000 children under the age of 5 have died of malnourishment in the last 90 days in southern Somalia alone due to the current famine."
I'm a terrible, horrible person for feeling worse about London than I do about the Somalian children. I have such a big fat soft spot for England. :-(
I just watched that too. Horrible. Can we just officially declare this the worst day in history? nope, October 28, 2003 is the worst day in history. ftfy not what i said!
By slipispsycho 2011-08-08 23:20:41
I'll have to admit I didn't take the time to really read or understand why.. But, I'm so sick of companies expecting us to pay higher taxes because the head honcho doesn't want to take a cut in his ridiculous pay, or sell his exorbitant vacation homes.. If I had my way with them all, a beehive would be getting a certain new member, if you know what I mean.
By volkom 2011-08-08 23:22:36
Psycho Slip said: I'll have to admit I didn't take the time to really read or understand why.. But, I'm so sick of companies expecting us to pay higher taxes because the head honcho doesn't want to take a cut in his ridiculous pay, or sell his exorbitant vacation homes.. If I had my way with them all, a beehive would be getting a certain new member, if you know what I mean. a term limit should be put in place for congress
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Bahamut.Serj
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By Bahamut.Serj 2011-08-08 23:35:39
Politics is the new Religion.
Not sure what else to say.
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By slipispsycho 2011-08-08 23:38:13
Bahamut.Serj said: Politics is the new Religion.
Not sure what else to say. What else can be said. That's pretty much the truth I've been trying to say for years, but just never really found the words.
Asura.Shylaa
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By Asura.Shylaa 2011-08-09 00:10:20
Some good reads to get some different views on the whole situation.
The 6 Biggest Lies About the U.S. Debt
The exact same credit companies that downgraded america's credit rating were also part of the problem.
Quote: But first let’s go to the tape and review how the big three credit rating agencies inflated the mortgage bubble. The bubble was driven by the banking industry’s insatiable appetite for debt, the repackaging of dicey mortgages into profitable securities. The agencies, especially Moody’s and S&P, gave investment-grade ratings to almost any sack of residential mortgage backed securities (RMBS) and collateralized debt obligations (CDO) that passed across their desks. By law, banks, pension funds, insurance companies and other institutional investors need investment-grade ratings on these securities to hold them. Since the rating agencies were paid by the issuers, they were raking in the cash by gold-plating ***. Moody’s revenue on these securities quadrupled from over $61 million in 2002 to over $260 million by 2006. For S&P, it went from $64 million to $265 million for CDOs in the same four years and from $184 million in 2002 to $561 million in 2007 for RMBSs.
WALL STREET AND
THE FINANCIAL CRISIS:
Anatomy of a Financial Collapse
It was known that the reason the it got so bad is because the All Powerful wall Street was playing with billions of dollars and yet Obama bails them out of their own ***? It's obvious who's pocket he was in soon as he came into office.
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By Asura.Silvaria 2011-08-09 00:35:01
What we're seeing now is partisan politics to the Nth degree. Nobody give's a rat's *** anymore about what's good for this country, not the Republicans or the Democrats. We have a completely corrupt government where politicians only care about their corporate masters and see the middle class as a means to an end..."the end" being more wealth for the wealthy.
I had sincerely hoped I wouldn't see this in my lifetime, but even as an optimistic person, I think we're heading for a major economic crash. As someone who is currently barely keeping her head above water even working two jobs, that terrifies me. What will happen if/when I lose my jobs? How am I going to pay my rent, my electricity? Sadly, no one for whom I voted to represent me will give a flying *** about me ending up homeless because of their petty, partisan bickering.
All the Republicans care about is bringing down Obama at any cost, and all the Democrats care about is, well...no one really knows what the hell the Dems care about anymore. All I know is that I'm growing increasingly worried every single day for my future, and that's a scary *** place to be...and I put the blame entirely on these morons in Washington whom we have allowed to become fat, lazy, greedy ***, and all of us who have sat back and knowingly let them become fat, lazy, greedy *** while continually re-electing them.
Asura.Shylaa said: It was known that the reason the it got so bad is because the All Powerful wall Street was playing with billions of dollars and yet Obama bails them out of their own ***? It's obvious who's pocket he was in soon as he came into office.
Oh, puh-lease. EVERY politician has been in the pocket of Big Business for who knows how long. Those of you who think this pile of ***somehow started with Obama are either incredibly obtuse Obama haters or incredibly new to the political scene.
Asura.Shylaa
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By Asura.Shylaa 2011-08-09 00:59:11
I'm not saying Obama started it. Read any book from the 80's and set in real life and it talks about the recession even then. But Obama did get into office the same way everyone else does, on lies and deceit. A lot of people thought he was different and I laughed when my brother and his gf all but told me to vote for Obama or gtfo (not kidding). Just because he was the first black president he was going to save the world?
By slipispsycho 2011-08-09 01:11:38
Asura.Silvaria said:
I had sincerely hoped I wouldn't see this in my lifetime, but even as an optimistic person, I think we're heading for a major economic crash. As someone who is currently barely keeping her head above water even working two jobs, that terrifies me.
Not to downplay anything, or make it out as if it's nothing, because I have the same fears, but every generation since this country's inception have felt that fear. The revolution, the civil war, dustbowl/depression, WWII and the Cold War just to name some major events that led to that uncertainty and fear..
Like it or not, this country tends to 'live life on the edge'.. I doubt there will ever be security, chances are so far beyond 'very good' that it's ridiculous that at some point in any given person's life when they live here, they will be threatened by fear of collapse and uncertainty of the future.. That provides at least some comfort to me...This exact event may not be common, but the feelings it induces us are far from it. We may have some rough times in our near future, but it's not the end.
Some major changes do need to be made, it's not like this problem won't go away on it's own.
Asura.Shylaa
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By Asura.Shylaa 2011-08-09 01:18:06
Bahamut.Jetackuu
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By Bahamut.Jetackuu 2011-08-09 01:36:42
interesting article at the least.
unfortunately the most motivated group of people to do anything with the state of government would end up crushing this nation.
That being said the one's who CAN do anything won't.
Irony.
Asura.Shylaa
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By Asura.Shylaa 2011-08-09 01:38:48
Yea. For those of us already in hard times, the only thing we can do is put our head between our legs and prepare to pucker up.
By AlkalineJoe 2011-08-09 04:38:05
Maybe not entirely related to the thread, but my parents along with my quite religious grandmother were discussing the economy today. My grandmother kept saying how this was the end of the world and the rapture was coming and this was the worst times in the history of man. They then proceeded to discuss that they may have to cancel their cell phones and cut back on cable.
Cause yeah, you know it's the end of the world if you have to give up your cell phone. Don't get me wrong, I love the internet/tv/cell phone, but they are hardly necessary for living. I just find it so strange that people in this world are so conceited to think this is the worst of times. Many empires have fallen before, plagues have devastated countries, etc. America wasn't the first global power, certainly won't be the last. I just think it's funny how my generation is labeled "Generation Me," yet my parents and my grandmother think it's their generation that's finally going to see doomsday.
I digress, just a little observation I noticed on my family's view on the economic plight.
A little more on topic, I honestly wouldn't be satisfied without a complete overhaul of the current government system. It's terribly corrupted and it should be a priority to remove them. The government has strayed entirely from it's purpose (to serve the people). Though I do realize that'll probably never happen. Part of me wishes we would have some more activism here in America. We don't protest like we used to man.
Phoenix.Ragmar
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By Phoenix.Ragmar 2011-08-09 07:30:30
Everybody pays 25% taxes economy fixed. Regardless of if you make 25k a year or 250 million a year you pay 25% of your income in taxes. Meaning no more tax breaks for the wealthy. Never happen because the ultra wealthy are the ones who's votes really matter while the rest of us vote for LOLCHANGE! But hey we got hip hop in the white house right right now we're a progressive country. We put a man in the white house with the same political experience as say an abyssea only leeched 30-90 has in FFXI and things got worse ... no way!
10% of my state is unemployed and the minimum wage is not capable of supporting a family, yet companies like microsoft are allowed to make billions here and are given massive tax breaks because it stimulates job growth ... really? Foreign car manufacturers are allowed to sell their product here with zero import tax and or tariffs yet our companies pay huge import taxes/tariffs to import to the same countries that import here for free. The tax system was only supposed to be temporary to fund the civil war yet today its seems its soul purpose is to fund over payed government jobs and underfunded failed government assistance programs. Awesome.
Well not skirting it now, Obama own this downgrade, he's spending the day hiding out behind closed doors
Has anyone seen the president yet?
Oh and in case you've been living under a rock for the weekend...
U.S. Looses it's AAA Credit rating from S&P.
Sad day for America, this is the only time that this has ever happened. Guess we should have listened to those tea partiers eh? They did after all actually offer an alternative and pass a bill out a bill that would have made deeper cuts.
Thoughts?
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