It's Happening.

[Martin Hash]

I think you underestimate how many 330,000,000 people is? National Guard is a teeny tiny fraction.

[Martin Hash]

So, is this the thread that is about the world falling apart or what? Can we post stories that are not really related to Russian banks?

About the implosion of the economy, ideally. It's beginning now.

Didn't the economy also implode back in 2007/2008?

What?! Isn't stopping it from imploding what Obama hangs his hat on?

[Penner]

About the implosion of the economy, ideally. It's beginning now.

Didn't the economy also implode back in 2007/2008?

What?! Isn't stopping it from imploding what Obama hangs his hat on?

? "The Great Recession" started in late 2007 to like today. W was president when it happened and it all started when the Housing bubble burst and the Oil skyrocketed to over a $100 a barrel.

[Martin Hash]

??? I'm not following? Stimulus? Bank Bail-out? Auto Bail-out?

[Penner]

The Bank Bailout was all W:

President Bush signed into law Friday a historic $700 billion bailout of the financial services industry, promising to move swiftly to use his sweeping new authority to unlock frozen credit markets to get the economy moving again.

“It’s complicated, and we’re going to make sure whatever we do is done in a deliberative fashion,” Bush told reporters after he signed the bill as soon as he got it from the House, which passed the measure after a topsy-turvy week of legislative victories, defeats and power plays.

But he promised to get the ball rolling quickly, because the authority is “essential to helping Ameica’s economy weather the financial crisis.”

http://www.nbcnews.com/id/26987291/ns/b ... lout-bill/

Also, the Auto Bailout was also a W idea:

President George W. Bush stepped in Friday to keep America's auto industry afloat, announcing a $17.4 billion bailout for GM and Chrysler, with the terms of the loans requiring that the firms radically restructure and show they can become profitable soon.

"If we were to allow the free market to take its course now, it would almost certainly lead to disorderly bankruptcy," Bush said at the White House, in remarks carried live by the national broadcast networks. "In the midst of a financial crisis and a recession, allowing the U.S. auto industry to collapse is not a responsible course of action. The question is how we can best give it a chance to succeed."

Bush said that "bankruptcy now would lead to a disorderly liquidation of American auto companies."

"My economic advisers believe that such a collapse would deal an unacceptably painful blow to hardworking Americans far beyond the auto industry. It would worsen a weak job market and exacerbate the financial crisis," he said. "It could send our suffering economy into a deeper and longer recession."

The money will come from the Wall Street bailout passed by Congress, a reversal for the White House. President-elect Barack Obama and Democrats had long advocated that course, and Bush had resisted it.

Of the total, $13.4 billion will be paid out in December and January, administration officials told reporters in a briefing. The last $4 billion is contingent on release of the second installment of the Wall Street bailout funds by Congress.

http://www.politico.com/story/2008/12/b ... out-016740

[Martin Hash]

Who cares who stopped The Collapse? Give the credit to Bush if you want. The good thing is, it didn't happen.

[Penner]

Who cares who stopped The Collapse? Give the credit to Bush if you want. The good thing is, it didn't happen.

My point was that the economy already imploded.

[Martin Hash]

What planet R U on?

[Speaker to Animals]

Planet Blitzer.

[SuburbanFarmer]

Who cares who stopped The Collapse? Give the credit to Bush if you want. The good thing is, it didn't happen.

It didn't happen, because the banksters overrode the system. They created and pumped trillions of fake dollars into the banks, and took complete control of the government. Now that illusion is fading, and they are pulling the dollars back out. The collapse was postponed, same as WW2 was a continuation of WW1, and was much worse.