Obama Team Very Worried About Economy

[Crazy Horse]

No shit sherlock

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x7972537

dkf  (1000+ posts)      Thu Dec-11-08 09:57 AM
Original message
Obama Team Very Worried About Economy
 Advertisements [?]Marc Ambinder: "It's quite unsettling to talk to members of Barack Obama's transition teams these days, especially those who are helping with the economics portfolio. Without going into details, the sense I get from them is that they are very worried that the economy will get a lot worse before it gets better. Not just worse... a lot worse."

http://politicalwire.com/archives/2008/12/11/obama_team...

 

leftofthedial  (1000+ posts)      Thu Dec-11-08 09:57 AM
Response to Original message
1. and they should know
 considering they are part of the establishment that created the problems

Don't let that truth hurt ya

mdmc  (1000+ posts)        Thu Dec-11-08 10:00 AM
Response to Original message
2. Everyone knows it will get worse before it gets better
 These chuckleheads helped cause the disaster. Now they are "very worried".

Unionize all the financial institutions. Then you can bail out the autos without looking like anti-working class hacks. Which is what you are, anti-working class.

WTF 

QuestionAll  (1000+ posts)      Thu Dec-11-08 10:03 AM
Response to Original message
4. they're going to have to do an INSANELY large stimulus/jobs program...
 how about $3Trillion dollars or so in infrastructure...?

nationalize the banks and some major industries- starting with autos.

a wealth tax of 10% of all wealth over $10million.

single-payer universal healthcare- NOW!

and utilities need to be publicly owned.

if it's time for capitalism to crater, why not incrementally lay a little more socialism on the people?

How's that unemployment rate over in Europe??

Turbineguy  (1000+ posts)      Thu Dec-11-08 10:07 AM
Response to Reply #4
6. No they don't.
 They have to change the stock market trading rules so that the 6 or so trillion dollars sitting on the sidelines or under mattresses can come back into the market and restart the economy.

Can't decide if this is a momment of clarity or what

[franksolich]

So....."WTF?" was my own reaction to unionizing financial institutions.

I have no idea how that's supposed to help, but maybe the primitive can enlighten us further on as the bonfire blazes away.

Also, I'm STILL curious as to why the primitives think that nationalizing an industry or business "hurts" those with money invested in those enterprises.  It's like the primitives think nationalization "punishes" the rich, and that's the only reason the primitives favor nationalization of something.

One is, regrettably, slowly coming to the conclusion that the primitives don't know excresence about anything.  I'm a slow learner, obviously.

[Carl]

QuestionAll  (1000+ posts)      Thu Dec-11-08 10:03 AM
Response to Original message
4. they're going to have to do an INSANELY large stimulus/jobs program...
 how about $3Trillion dollars or so in infrastructure...?

nationalize the banks and some major industries- starting with autos.

a wealth tax of 10% of all wealth over $10million.
single-payer universal healthcare- NOW!

and utilities need to be publicly owned.

if it's time for capitalism to crater, why not incrementally lay a little more socialism on the people?

What is it so hard for these dimwits to understand that "wealth" is largely in held assets that are only valued by what someone else can or would pay for them.
Do what they want and the ability or desire to buy disappears and so with it the "wealth" they think they can all magically depend on.

[jukin]

I suppose this also means the ocean levels will not be lowering anytime soon.

[thundley4]

The only reason that DUmmies are concerned with the economy is that it means Der Fuhrer will not be able to heavily penalize the wealthy to spread the wealth to them.

[Tantal]

The only reason that DUmmies are concerned with the economy is that it means Der Fuhrer will not be able to heavily penalize the wealthy to spread the wealth to them.

Yup. The "looters" are concerned that we "producers" aren't earning enough to provide for their "needs".

[HACKSAW]

QuestionAll  (1000+ posts)      Thu Dec-11-08 10:03 AM
Response to Original message
4. they're going to have to do an INSANELY large stimulus/jobs program...
 how about $3Trillion dollars or so in infrastructure...?

nationalize the banks and some major industries- starting with autos.

a wealth tax of 10% of all wealth over $10million.

single-payer universal healthcare- NOW!

and utilities need to be publicly owned.

if it's time for capitalism to crater, why not incrementally lay a little more socialism on the people?

The primitive isn't the first one to come up with that idea...

"We cannot expect the Americans to jump from capitalism to Communism, but we can assist their elected leaders in giving Americans small doses of socialism until they suddenly awake to find they have Communism." - Soviet Leader Nikita Khrushchev, 1959

[dutch508]

So....."WTF?" was my own reaction to unionizing financial institutions.

I have no idea how that's supposed to help, but maybe the primitive can enlighten us further on as the bonfire blazes away.

Also, I'm STILL curious as to why the primitives think that nationalizing an industry or business "hurts" those with money invested in those enterprises.  It's like the primitives think nationalization "punishes" the rich, and that's the only reason the primitives favor nationalization of something.

One is, regrettably, slowly coming to the conclusion that the primitives don't know excresence about anything.  I'm a slow learner, obviously.

I think they mean Federalize all the financial institutions. Event hen, not sure how that will make it better.