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Icelander Donating Member (65 posts) Send PM | Profile | Ignore Thu Oct-09-08 11:05 AM
Original message
An economic disaster just in time for the elections?
I just have to throw it out there as I havent seen any discussions at all about this.(It might be though??)

Doesnt anyone find it even mildly suspicious that here we have this global economic disaster just before the election?

And before you say that its mostly Mcain thats losing out due to the economic situation then to me it seems like the perfect cover.
The current administration MUST have realized that this election would be an uphill battle to say the least.
Therefore it seems logical to assume that they wouldnt bet on Mcain winning anyway.

It really struck me the other day when i made the observation that Bush seems really happy these days for some reason?
Seems to me like a sense of relief , accomplishment, mission accomplished sorta thing.
He wasnt very "happy" the other day when the bailout was up in the air.

Something feels terribly wrong about the whole thing,and there´s absolutely nothing i would put past this administration.


Just some paranoid pondering from the sinking island in the north.

take care :)
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stray cat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:09 AM
Response to Original message
1. Hi Icelander - good luck weathering this storm and welcome
I really can't see how this helps the repubs at least politically in the election. It also will bring about a call for much more regulation and investigations - something the Bush cabal would certainly like to avoid. Some have said the Bush needs McCain or a repub in office to prevent investigations into the last 8 years. My feeling is a bunch of greedy individuals doing endruns around poorly developed regulations created a firestorm they were too willfully blind to see coming. Sorry your country and countrymen got sucked down with it along with us.
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Icelander Donating Member (65 posts) Send PM | Profile | Ignore Thu Oct-09-08 11:45 AM
Response to Reply #1
5. I agree
It doesnt make any apparent sense, I know but man do I feel like somethings wrong.

My decision-making-gut tells me so ......guess I better leave it then .... :tinfoilhat:

And yes we are certainly getting sucked down at amazing speeds.

Apparently the Icelandic administration asked the US for assistance but in the words of one the politicians involved "They literally just gave us the finger"

Which probably goes a long way explaining our reaction of asking the Russians for help, sort of highlighting why the US wants us as allies in the first place and why they had a base here for decades.
Russian influence in Iceland pretty much renders the missile system in Poland useless as far as I can tell.
Its my guess thats whats being played here ...not sure.

That however might certainly blow up in our face as the US certainly knows how to hold a grudge.


:tinfoilhat:
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bryant69 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:15 AM
Response to Original message
2. Well you'd have to ask what they got out of it
And since as you already seem to know, this economic problem is hurting McCain, you'd have to conclude they either wanted Obama in or had some other reason to want the economy down.

I'm not sure I buy it - for one thing, the complexity of arranging this kind of meltdown is beyond even Bush.

Bryant
Check it out --> http://politicalcomment.blogspot.com
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CrispyQ Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:16 AM
Response to Original message
3. Why wouldn't boosh be happy?
Presidentin' is hard work & he's just about done. He's stirred up the Middle East like beating a hornet's nest. He's looted the Treasury. He can go back to clearing brush in either Crawford or Paraguay. And if National Enquirer is right, Laura's finished with him so he doesn't have to listen to her anymore.

Here's what I think. If they could have kept this house of cards from falling until after November, they would have. In fact, I think they thought they could. The repubs are supposedly the ones who know how to run a great economy (~cough - into the ground!), so this meltdown happening right before the election is the worst possible time it could have happened.

Still, they got their blank check to our Treasury.
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Mojorabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:17 AM
Response to Original message
4. I think they tried their best
to hold this back till the next administration took power but failed.
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AndyTiedye Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:51 AM
Response to Original message
6. I Think They Were Trying to Delay the Crash Until After the Election
It didn't quite work out that way.

They would not have done this on purpose, since now they are likely to lose more Congressional races.
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Junkdrawer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:57 AM
Response to Original message
7. A crisis just one week before Congress adjourns for elections...
Edited on Thu Oct-09-08 11:58 AM by Junkdrawer
No time for real hearings and alternate legislative ideas...only enough time to put a little lipstick on Paulson's plan and pass it?

Total coincidence.
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HamdenRice Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 12:01 PM
Response to Original message
8. I have some paranoia about it
But frankly -- and I don't want to give right wingers ammo -- I believe that our creditors despise Bush and the republicans, those creditors being the Chinese, the Arab oil countries and the European money centers.

I would not be surprised in the least if there were off shore funds ravaging the financials for political reasons, while also enjoying fun and profit as well.

Every US firm that has gone down has complained about mysterious short sellers so massive that they have been able to bring down even healthy companies.

I just can't see any money powers who would want to keep the Bush regime in office via McCain.

If this is happening, then good for them.
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blues90 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 12:01 PM
Response to Original message
9. who's to say it was even americas idea to trigger this?
Didn't we hear just a month or two ago that China was pissed about all the bad paper they were holding because of freddie and fanny. seems to me not only did they know this was coming but their scams were exposed before they were ready to fess up.

It appears both parties had their hands in this and knew it, all are corrupt yet none who were involved lose a thing, that's the part that burns my ass.

Since this admin lowered the bar of morals so damn low that it appears it is a free for all let loose for both parties to lower their own bar to the point where there in no real truth but lies from all sides designed to protect their own asses.

It's screw the people politics as always but now to a much lower moral standing.

How can anyone in the political DC bubble understand let alone care about the average working class hero when they have nothing to lose.

All of the candidates took corporate money and plenty of it , this is what should concern every working american , it's just all part of a days work for these politicians at the expense of a lifetime of work by the american worker.

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Icelander Donating Member (65 posts) Send PM | Profile | Ignore Thu Oct-09-08 12:29 PM
Response to Original message
10. Id like to add to this.
Whoever´s behind this (and ultimately someone is) Im not entirely sure that they have taken into account the side effects.

The side effects being that people are fed up!

Not only fed up by the super rich , the politicians and the corrupt system that feeds them but even with their own empty consumer lifestyles as well as the structure and values of our society.
Even the almighty monetary system is in question here.

Of course I could be wrong and we can all return to the safety of LaLaLand in a few weeks.
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anigbrowl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 12:54 PM
Response to Original message
11. No. It's been in the works for a long time.
And frankly,t he Bush administration didn't cause the housing bubbles in European countries, the carry trade with the Japanese Yen, or a bunch of other financial excesses. The sinking of the Titanic wasn't a conspiracy either, just an example of monumental incomepetence.
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