This economy blows...thanks Bush..Thanks Barrack...

[strangegrey]

Well, what I feared was going to happen, happened.

I was laid off yesterday, less than two months from starting a new job. After returning to school for over 4 years to retrain in a different field. Without getting into the bullshit.....It was clear I was temp help from the beginning and that they just didn't tell me. The work I received over the past 2 months was shit and not plentiful...and yesterday, they sumarily dismissed me without a very good reason at all, citing the lack of work and the economy.

I really hate George Bush and the current fucking idiot manning this country, Barrack Obama. They are the two principle architects for destroying this economy and they should fucking burn in hell for their efforts.

People hold Madoff responsible for fucking their futures when the two fucking idiots who I've been forced to call president for the past 8.5 years have DONE far worse.

And for you fucks out there that are going to say Barrack Hussein YoMoma isn't responsible....go sit on a glass dildo and bend over. That useless piece of draggon fly sucking shit has done twice the damage in his 2 months as douchbagger in chief as Bush tried to accomplish over the past year. Fuck em both!!!

[Rhiannon]

Well, what I feared was going to happen, happened.

I was laid off yesterday, less than two months from starting a new job. After returning to school for over 4 years to retrain in a different field. Without getting into the bullshit.....It was clear I was temp help from the beginning and that they just didn't tell me. The work I received over the past 2 months was shit and not plentiful...and yesterday, they sumarily dismissed me without a very good reason at all, citing the lack of work and the economy.

I really hate George Bush and the current fucking idiot manning this country, Barrack Obama. They are the two principle architects for destroying this economy and they should fucking burn in hell for their efforts.

People hold Madoff responsible for fucking their futures when the two fucking idiots who I've been forced to call president for the past 8.5 years have DONE far worse.

And for you fucks out there that are going to say Barrack Hussein YoMoma isn't responsible....go sit on a glass dildo and bend over. That useless piece of draggon fly sucking shit has done twice the damage in his 2 months as douchbagger in chief as Bush tried to accomplish over the past year. Fuck em both!!!

1.) Really sorry to hear this Frank. You busted your ass for that degree. I really hope you'll find something to put your talents to use, honest.

2.) (Not making light of the situation but) This was hilarious... and totally true! I'm grateful everyday to have lucked up with the job I have... not to say that couldn't all change in a moment. But I was in the drive-tru at Starbucks a week ago talking to the barista about things, and turns out the girl serving me my latte had a Bachelor's degree, but that was the only work she could find! ...Of course she was a liberal arts major.

[conversationpc]

Sorry to hear it, Frank.

[jrnychick]

I'm right with ya, Frank! My official last day of work is April 1st, but my last day of reporting was March 6th. I worked for a large company, so they were required to give 60 days notice when they closed our division. I am seriously looking at freelancing again, because the publishing market blows right now. I just don't want to be looking over my shoulder constantly, worrying about whether or not there is enough work to keep me employed.

[strangegrey]

I knew something was wrong from day one after training. The guys that were let go yesterday, including myself, were never assigned to busy clients, were largely unassigned, until about thursday night, when the people who were busy didn't want to work on saturday and started pawning off work. But for the most part, we sat around with very little to do....for very long hours. Granted, I got paid to study for the CPA exam for two months...but passing this test is going to take me a full year. 2 months doesn't help dick....

It was clear they just didn't want to be caught during busy season if things got busy......but had zero intention of keeping us past busy season. in fact, I believe they let us go this week, because they didn't want to pay unemployment benefits. Had they fired us a week later, our paychecks would have stretched into a 2nd quarter...which makes us elgible for unemployment benefits.

I'm very, very fucking pissed off right now. Fuckers....


And fuck Obama, that fucking douchebag....for making things 10 times worse than they had to be since January...

[Eric]

Sorry...this sucks

[Gibby]

A lot of the blame lies with the panic that was created about the economy during an election year - that blame is definitely with Hussein Obama. Playing on people's fears for votes. Don't you just love politics?

[Rick]

Sorry to hear it Frank. Good luck man. I hope something comes your way.

[bluejeangirl76]

I'm so sorry, Frank.

I'm with Rhi... I'm grateful to even have a job at this point and even though I seem somewhat safe for the time being, I know that could change and its frightening as hell. It took me forever just to land this job and I don't wish to go back to temping. My industry is taking a beating pretty bad as a whole and we're feeling here at my company.

[CatEyes]

Sorry Frank.

I truly know how hard you worked for your degree and for this job.

I wish I had some words of comfort or wisdom.

The best thing I can come up with tho is - I am right behind you - no matter much you piss me off

Cat

[The_Noble_Cause]

Playing on people's fears for votes. Don't you just love politics?

Hmm, sounds similar to the past eight years.
Say, what shade of horror-film red is the color-coded alert system today?
I forgot to look.

[artist4perry]

Well, what I feared was going to happen, happened.

I was laid off yesterday, less than two months from starting a new job. After returning to school for over 4 years to retrain in a different field. Without getting into the bullshit.....It was clear I was temp help from the beginning and that they just didn't tell me. The work I received over the past 2 months was shit and not plentiful...and yesterday, they sumarily dismissed me without a very good reason at all, citing the lack of work and the economy.

I really hate George Bush and the current fucking idiot manning this country, Barrack Obama. They are the two principle architects for destroying this economy and they should fucking burn in hell for their efforts.

People hold Madoff responsible for fucking their futures when the two fucking idiots who I've been forced to call president for the past 8.5 years have DONE far worse.

And for you fucks out there that are going to say Barrack Hussein YoMoma isn't responsible....go sit on a glass dildo and bend over. That useless piece of draggon fly sucking shit has done twice the damage in his 2 months as douchbagger in chief as Bush tried to accomplish over the past year. Fuck em both!!!

I hear you loud and clear........still looking for work myself. I work as a substitiute teacher right now. Politicians are the most corrupt out of touch people on the planet. I wish you well, and hope something comes your way soon!

[Gibby]

Playing on people's fears for votes. Don't you just love politics?

Hmm, sounds similar to the past eight years.
Say, what shade of horror-film red is the color-coded alert system today?
I forgot to look.

Oh yes, both sides are as guilty as sin for playing on people's fears. Helping to worsen our economy at home and benifiting as a result just plain sucks. Does anyone really believe that the economy would be this bad today if 2008 had not been an election year? Hussein Obama is largely responsible for how bad this has become. It wasn't good with Walker Bush but Hussein Obama's campaign, built largely around convincing voters on how bad things were, really helped create a horrific domino effect.

[Gin and Tonic Sky]

Well, what I feared was going to happen, happened.

I was laid off yesterday, less than two months from starting a new job. After returning to school for over 4 years to retrain in a different field. Without getting into the bullshit.....It was clear I was temp help from the beginning and that they just didn't tell me. The work I received over the past 2 months was shit and not plentiful...and yesterday, they sumarily dismissed me without a very good reason at all, citing the lack of work and the economy.

I really hate George Bush and the current fucking idiot manning this country, Barrack Obama. They are the two principle architects for destroying this economy and they should fucking burn in hell for their efforts.

People hold Madoff responsible for fucking their futures when the two fucking idiots who I've been forced to call president for the past 8.5 years have DONE far worse.

And for you fucks out there that are going to say Barrack Hussein YoMoma isn't responsible....go sit on a glass dildo and bend over. That useless piece of draggon fly sucking shit has done twice the damage in his 2 months as douchbagger in chief as Bush tried to accomplish over the past year. Fuck em both!!!

sorry to hear the news Frank- the retraining and all the skills you have gained will pay off in the long run - hang in there.

I got to say though , your analysis of the economy and who is responsible is 100% correct.

[The_Noble_Cause]

Does anyone really believe that the economy would be this bad today if 2008 had not been an election year? Hussein Obama is largely responsible for how bad this has become. It wasn't good with Walker Bush but Hussein Obama's campaign, built largely around convincing voters on how bad things were, really helped create a horrific domino effect.

Whatever the unintended psychological consequences of the race, they do little to explain away why AIG got into credit-default swaps; or why private mortgage firms decided to sell no-income, no money down loans; or why investment bankers then bundled those mortgages into securities and gave them fraudulent triple-A ratings.
This is a systemic (not to mention byzantinely complex) financial meltdown that no singular boogeyman even comes close to explaining.

[Voyager]

And for you fucks out there that are going to say Barrack Hussein YoMoma isn't responsible....go sit on a glass dildo and bend over.

No thanks. Take one for the team yourself.

Telling people who support Obama to take a dildo up their ass is not a way to get any sympathy for losing your job.

Obama is just trying to clean up Dumbya's mess. I hope he can do it.

Sorry to hear about your loss.

[PianoMan1986]

And for you fucks out there that are going to say Barrack Hussein YoMoma isn't responsible....go sit on a glass dildo and bend over.

No thanks. Take one for the team yourself.

Telling people who support Obama to take a dildo up their ass is not a way to get any sympathy for losing your job.

Obama is just trying to clean up Dumbya's mess. I hope he can do it.

Sorry to hear about your loss.

I AM sorry to hear about losing your job, but otherwise I agree with Voyager on this.

[Marabelle]

sorry about what has happened to your future at the moment; and when you simmer down perhaps you will be able to be a bit more objective in placing blame. it's not one or two people who have caught us in this "meltdown" as the noble cause so aptly describes...to me it seems like the pace quickened when reagen decided to let the rich get richer and hoped perhaps then the riches would trickle down to others and spur the economy on. it's been several years of corruption without anyone being held responsible for the less care and attention happening to those who are not as advantaged as others. i'm sure a lot of people are very aware of what has happened to their lives in the the last several years. the economy is just getting worse and worse. i believe we finally have someone who is trying to or at least talking about trying to help us rather than harm. corruption has exploded and we see it everywhere; it is just getting more pronounced and obvious cause it is finally trickling down to us just as reagen predicted; however it's not more money, it's their debt and you are paying for it as all of us by downsizing, losing our jobs, our homes and sinking 401ks.

[The_Noble_Cause]

You are not going to get away with this. The boogeyman is the Democratic Party and their liberal ways with others money, often by force of law...

THE seeds of today’s financial meltdown lie in the Community Reinvestment Act - a law passed in 1977 and made riskier by unwise amendments and regulatory rulings in later decades.

CRA was meant to encourage banks to make loans to high-risk borrowers, often minorities living in unstable neighborhoods. That has provided an opening to radical groups like ACORN (the Association of Community Organizations for Reform Now) to abuse the law by forcing banks to make hundreds of millions of dollars in “subprime” loans to often uncreditworthy poor and minority customers.

Any bank that wants to expand or merge with another has to show it has complied with CRA - and approval can be held up by complaints filed by groups like ACORN.

In fact, intimidation tactics, public charges of racism and threats to use CRA to block business expansion have enabled ACORN to extract hundreds of millions of dollars in loans and contributions from America’s financial institutions.

The Woods Fund report makes it clear Obama was fully aware of the intimidation tactics used by ACORN’s Madeline Talbott in her pioneering efforts to force banks to suspend their usual credit standards.Yet he supported Talbott in every conceivable way. He trained her personal staff and other aspiring ACORN leaders, he consulted with her extensively, and he arranged a major boost in foundation funding for her efforts.

And, as the leader of another charity, the Chicago Annenberg Challenge, Obama channeled morefunding Talbott’sway - ostensibly for education projects but surely supportive of ACORN’s overall efforts.

Under the Clinton administration, federal regulators began using the act to combat “red-lining,” a practice by which banks loaned money to some communities but not to others, based on economic status. “No loan is exempt, no bank is immune,” warned then-Attorney General Janet Reno. “For those who thumb their nose at us, I promise vigorous enforcement.”

The Clinton-Reno threat of “vigorous enforcement” pushed banks to make the now infamous loans that many blame for the current meltdown, Richman said. “Banks, in order to not get in trouble with the regulators, had to make loans to people who shouldn’t have been getting mortgage loans.”

This threat combined with the government backing of Fannie and Freddie set the stage for the current uncertainty, because the “banks could just sell the loans off to Fannie or Freddie,” who could buy them with little regard for negative financial outcomes, Richman said.

As the New York Times reports, “Aides to Mr. Obama said he had not directly reached out to try to sway any House Democrats who opposed the measure.” Is the reason the fact that the slush fund for ACORN in the original bill, siphoning off 20% of any future profits for such activist groups, was trimmed from the tree?

Obama, who once represented ACORN in a lawsuit against the state of Illinois, was hired by the group to train its community organizers and staff in the methods and tactics of the late Saul Alinsky. ACORN would stage in-your-face protests in bank lobbies, drive-through lanes and even at bank managers’ homes to get them to issue risky loans in the inner city or face charges of racism.

In the early 1990s, reports Stanley Kurtz, senior fellow at the Ethics and Policy Center, Obama was personally recruited by Chicago’s ACORN to run training sessions in “direct action.” That’s the euphemism for the techniques used under the cover of the federal Community Reinvestment Act to intimidate financial institutions into giving what have been called “Ninja” loans — no income, no job, no assets — to people who couldn’t afford them.

CRA was designed to increase minority homeownership. Whenever a bank wanted to grow or expand, ACORN would file complaints that it was not sufficiently sensitive to the needs of minorities in providing home loans. Agitators would then be unleashed.

Chicago’s ACORN used Alinsky’s tactics against institutions such as Bell Federal Savings and Loan and AvondaleFederal Savings. In September 1992, the Chicago Tribune described the group’s agenda as “affirmative action lending.”

Obamaalso helped ACORN get funding. When he served on the board of the Woods Fund for Chicago with Weather Underground terrorist William Ayers, the Woods Fund frequently gave ACORN grants to fund its activist agenda.

In 1995, Kurtz reports, Obama chaired the committee that increased funding of ACORN and other community organizers. The committee report boasted that the fund’s “non-ideological” image “enabled the Trustees to make grants to organizations that use confrontational tactics against the business and governmental ‘establishments’ without undue risk of being accused of partisanship.”

The CRAempowered regulators to punish banks that failed to “meet the credit needs” of “low-income, minority and distressed neighborhoods.” It gave groups such as ACORN a license and a means to intimidate banks, claiming they were “redlining” poor and minority neighborhoods. ACORN employed its tactics in 1991 by taking over the House Banking Committee room for two days to protest efforts to scale back the CRA.

As a former White House staff economist writes in the American Thinker, Obama represented ACORN in a 1994 suit against redlining. ACORN was also a driving force behind a 1995 regulatory revision pushed through by the Clinton administration that greatly expanded the CRA and helped spawn the current financial crisis.

Obama was the attorney representing ACORN in this effort. Last November, he told the group, “I’ve been fighting alongside ACORN on issues you care about my entire career.” Indeed he has. Obama was and is fully aware of what ACORN was doing with the money and expertise he provided. The voters should be aware on Nov. 4 of the roles of both in creating the current crisis.

http://www.ibdeditorials.com/IBDArticle ... 7123149723

As I've exhaustingly and painstakingly explained in previous threads, the CRA does NOT extend to investment firms and private mortgage lenders which led the way on this.
CRA only covers depository institutions.
By 2006, the private sector was holding record #'s of subprime loans.
Defaults were actually lower on CRA loans precisely because of federal regulation.
Most no-money-down, no income, no asset, no credit check loans did not meet the CRA's standards.

On top of the links I've previously given you, conservative economist and federal reserve governor, Randall Krosner, has also said the CRA was not at fault.
Alan Greenspan has echoed similar sentiments- and if anyone were in the market for an ACORN-type scapegoat right about now, it'd be him.
Once again, your argument is underminded by the one-dimensional narrow focus on the big bad Democrats (as if Bush wasn't HUGE on what he called the "home ownership society" )
What of credit default swaps?
What of the derivatives which Warren Buffet decried as "weapons of financial destruction"?

http://blogs.wsj.com/economics/2008/12/ ... tment-act/
http://www.mcclatchydc.com/251/story/53802.html
http://www.businessweek.com/investing/i ... e_and.html

[artist4perry]

The guy lost his job, and he is venting. I can grasp that. Politicians on both sides have faults, to say they have none makes it sound more like hero worship than reality. They are humans not super beings.

Carry on with the political debates......

[Jana]

And for you fucks out there that are going to say Barrack Hussein YoMoma isn't responsible....go sit on a glass dildo and bend over.

No thanks. Take one for the team yourself.

Telling people who support Obama to take a dildo up their ass is not a way to get any sympathy for losing your job.

Obama is just trying to clean up Dumbya's mess. I hope he can do it.

Sorry to hear about your loss.

I AM sorry to hear about losing your job, but otherwise I agree with Voyager on this.

Sorry for your job loss, Frank, My brother-in-law just lost his. But I totally agree with Voyager.

[Blueskies]

sorry about what has happened to your future at the moment; and when you simmer down perhaps you will be able to be a bit more objective in placing blame. it's not one or two people who have caught us in this "meltdown" as the noble cause so aptly describes...to me it seems like the pace quickened when reagen decided to let the rich get richer and hoped perhaps then the riches would trickle down to others and spur the economy on. it's been several years of corruption without anyone being held responsible for the less care and attention happening to those who are not as advantaged as others. i'm sure a lot of people are very aware of what has happened to their lives in the the last several years. the economy is just getting worse and worse. i believe we finally have someone who is trying to or at least talking about trying to help us rather than harm. corruption has exploded and we see it everywhere; it is just getting more pronounced and obvious cause it is finally trickling down to us just as reagen predicted; however it's not more money, it's their debt and you are paying for it as all of us by downsizing, losing our jobs, our homes and sinking 401ks.

Great post, Marabelle.

Sorry about your job loss Frank..you are understandably upset.

[RossValoryRocks]

sorry about what has happened to your future at the moment; and when you simmer down perhaps you will be able to be a bit more objective in placing blame. it's not one or two people who have caught us in this "meltdown" as the noble cause so aptly describes...to me it seems like the pace quickened when reagen decided to let the rich get richer and hoped perhaps then the riches would trickle down to others and spur the economy on. it's been several years of corruption without anyone being held responsible for the less care and attention happening to those who are not as advantaged as others. i'm sure a lot of people are very aware of what has happened to their lives in the the last several years. the economy is just getting worse and worse. i believe we finally have someone who is trying to or at least talking about trying to help us rather than harm. corruption has exploded and we see it everywhere; it is just getting more pronounced and obvious cause it is finally trickling down to us just as reagen predicted; however it's not more money, it's their debt and you are paying for it as all of us by downsizing, losing our jobs, our homes and sinking 401ks.

I hate to burst your liberal bubble here...but the whole bailout IS trickle down. They aren't bailing the little guy out, they are starting at the top and barely working their way down at all, in the hopes that the money will trickle down.

A better solution would have been to stop witholding income tax from people for 6 months (depending on income level to keep it "fair" as possible), increase the amount of money going to unemployment, or extend it for those who have run out, and generally let the companies that gambled and lost die, or go into bankruptcy and restructure without the government pouring billions of our dollars into them.

Now as for the AIG thing, I believe it was wrong for the bonuses to go out in the first place (Thanks Dodd!) but what they are trying to do now is blatantly unconstitutional. (Article 1 section 9 No Bill of Attainder or ex post facto Law shall be passed.)

Barney Frank had the right idea, these individuals breached their fiduciary responsibility to AIG and in doing so lost all rights to those bonuses...in short they breached those contracts and in doing lost the right to any claim arising there from.

Now as to Frank...he is rightfully pissed...and I think at the right people for the most part...and I am very sorry he lost his job. If he needs to vent his friends here then he should be able to...glass dildo and all.

[AlteredDNA]

[squirt1]

Fact Finder- Can you tell this audience who rec'd the biggest contributions from AIG. I believe Obama 100,000 and Chris Dodd. Pulosi is a joke and Obama was never qualified. He is Chicago politics through & through. Just look at his appointments with tax cheater credentials and some that had to pass because of problems. Be sure to hear Maxine Waters in so many words call Obama inept. The biggest blame goes to Congress pleasing their campaign contributors with your money. Turn them all out and keep doing it and things will eventually change. None of them including Obama read that 1,000 + page bill, but Obama signed it. He thinks he is in some kind of popularity show and is a even bigger narciscist than Clinton ! China is soon to pull their credit card -22 trillion owed them and then Congress will print $$$ and inflation is all yours ! To those losing their jobs maybe other states have openings in your field.

[strangegrey]

While I make no illusions that there were *other* entities at play here, if anyone is going to try to remove the glass shards that resulted from the glass dildo being shattered in their ass, as they tried to talk themselves out of that cuntbag Obama and his idiot predecessor of guilt......they've got another thing coming.

The mortgage industry doesnt light on fire like it does without Bush making policy to put every citizen (including the shit skins flooding into this country from south of the border) into a mortgage.....such a policy doesn't happen without Bush weak-arming the world's biggest financial crook, Alan Greenspan ,into lowering interest rates to truly and dreadfully low levels...

NONE of this happens without the massive relaxation of the speculation market that happened as a result of Bill "blue dress" Clinton, when he signed the repeal of Glass Steagal...

And all of this turns around if the shitbag in office doesn't wage war on commerce the minute he gets into the office he bought and paid for.....

While I can blame plenty of people for this perfect financial storm.....there are quite a few presidents, who had their own presidential legacies to protect, at the expense of the people that put them into office....to blame...

It was Clintons responsibility to protect the financial well being of the american public...and within his power to stop it.....
The same to Bush...


and the same to the corrupt piece of shit currently stinking up what used to be the greatest office in the world.......but now, thanks to the douchebag who recently bought it with foreign currency......it's the most shameful office.

Fuck Obama, Fuck Bush....and I think Clinton deserves his fair share too....so fuck him too.....

[Saint John]

Sorry to hear about you losing your job, Frank. When I'm pissed I listen to Tupac. For some sick fucking reason it's therapeutic.

http://www.youtube.com/watch?v=N4HjsZqOaQ0

[strangegrey]

Fuck that Dan....I don't shed my morals and standards when I get angry or sad....I dont listen to shit that isn't music.
and Rap isn't music...it's shit.

[Saint John]

Fuck that Dan....I don't shed my morals and standards when I get angry or sad....I dont listen to shit that isn't music.
and Rap isn't music...it's shit.

lol...didn't say it was music; just said that it helps me! Besides, he's dead. That's gotta make you smile.

[The_Noble_Cause]

A better solution would have been to stop witholding income tax from people for 6 months (depending on income level to keep it "fair" as possible)

Shovel ready projects provide more bang for the buck than tax cuts.
Spending on infrastructure, education and healthcare increases future productivity and in some cases, helps us spend less down the road.
Tax cuts give us nothing.

...increase the amount of money going to unemployment, or extend it for those who have run out,

Unless I'm mistaken, Obama did that already.

...and generally let the companies that gambled and lost die, or go into bankruptcy and restructure without the government pouring billions of our dollars into them.

Depends.
The Fed let Lehman Brothers fail and it made things worse.