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Today's Top News
Nobel Laureate Krugman Slams Geithner Bailout Plan
WASHINGTON - Nobel-prize winning economist Paul Krugman said in remarks published on Monday that the latest U.S. Treasury bailout program is nearly certain to fail, triggering a sense of personal despair.
(Reuters/Tim Shaffer) U.S. Treasury Secretary Timothy Geithner on Monday unveiled a plan aimed at persuading private investors to help rid banks up to $1 trillion in toxic assets that that are seen as a roadblock to economic recovery.
"This is more than disappointing," Krugman wrote in The New York Times. ""In fact it fills me with a sense of despair."
"The Geithner scheme would offer a one-way bet: if asset values go up, the investors profit, but if they go down, the investors can walk away from their debt," the Princeton University economist said, citing weekend reports outlining the plan.
"This isn't really about letting markets work. It's just an indirect, disguised way to subsidize purchases of bad assets," he added.
Krugman called it a recycled idea of former Treasury Secretary Henry Paulson, who later abandoned the "cash for trash" proposal.
"But the real problem with this plan is that it won't work," he says, adding that bad loans may be undervalued because there is too much fear in the current climate.
"But the fact is that financial executives literally bet their banks on the belief that there was no housing bubble, and the related belief that unprecedented levels of household debt were no problem. They lost that bet. And no amount of financial hocus-pocus -- for that is what the Geithner plan amounts to -- will change that fact," Krugman wrote.
While the real economy is being hurt by the meltdown of the financial system itself, Krugman says this is not the first or the last time this has happened. And there are lots of roadmaps to get us out.
"It goes like this: the government secures confidence in the system by guaranteeing many (though not necessarily all) bank debts. At the same time, it takes temporary control of truly insolvent banks, in order to clean up their books," Krugman said.
Time is running out on the Obama administration to take control of the banks - and the crisis.
"If this plan fails - as it almost surely will - it's unlikely that he'll be able to persuade Congress to come up with more funds to do what he should have done in the first place," he wrote.
The White House strongly disagreed with Krugman's assessment, defending the administration plans on the morning talk shows.
"I think Paul's just wrong on this one," Christina Romer, head of the White House Council of Economic Advisers, said on ABC's "Good Morning America" show just ahead of the plan's release.
"This is really tails both the government and the private sector win, heads both the government and the private sector lose. We both are going to have, as the saying goes, skin in the game."
(Reporting by Corbett B. Daly; Editing by Walker Simon)
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64 Comments so far
Show AllKrugamn's early slamming of this Obama/Geithner/Summers/Rubin 'economic Empire' scheme kinda reminds me of the truth that another patriotic American Nobel laureate in economics, George Akerlof, said early in the Bush Empire's regime:
"This is not normal government economic policy, but rather a form of looting."
Time proved Akerlof was correct, and time will prove the same for Nobel (and 'noble patriot' of American democracy) Krugman.
Alan MacDonald
Sanford, Maine
P.S. "Here comes the Empire's new front-man, same as the old front-man."
Dave, WSWS is certainly a dependable sea anchor of truth in this maelstrom of lies and deceit from the ruling-elite 'corporate financial Empire' that now controls our country behind the facade of its two-party 'Vichy' sham of democracy (and its equally 'Vichy' corporate MSM).
Yes, WSW and Counterpunch articles are now comporting with Krugman --- since Paul saw the light at the end of the tunnel (it's the headlight of the on-coming train of Empire):
As I said before here, Dave:
"Hell hath no fury like a spurned economist" (or a spurned progressive against Empire).
Paul is dead right.
As he has long warned this is not a liquidity problem, but a solvency problem, and Obama is showing a real lack of guts in facing the economic disaster caused by the 'Economics of Empire'.
I was fully committed, worked for, supported, and voted for Nader, because he was the only candidate willing to openly confront the ruling-elite 'corporate financial Empire' which controls our country by hiding behind the facade of its two-party, 'Vichy' sham of democracy.
However, once Obama was in office he almost "had me at hello". When he 'clawed back' at the detached global thieves by shutting down their UBS 'wealth extraction express', I thought this was but the first move toward a more nuanced attack on Empire than Nader would have surely taken.
However, now Obama seems to have folded like a cheap-suited weak-Willie, as soon as the Rubin sandwich bit into him. Now it certainly appears that the money-power (and other powers) of Empire have taken the fight out of our would-be champion.
Which is why I summarized the all-too-real downside in "Empire, Elitism, Externalities, and Extinction". The cry of "Captain, my Captain" is wailing from the panicked passengers, but it doesn't look like our Captain ever understood the political helmsmanship or the economic engineering necessary to right our indivisible 'political-economy' of this ship of state against the titanic Empire's maelstrom.
It's not often that you hear a Times' economic columnist (a Nobel no less), and the World Socialists' economic columnist sounding so disappointedly similar:
http://www.wsws.org/articles/2009/mar2009/bonu-m21.shtml
"So, isn't this just what we need, boys and girls? Our government taking another trillion bucks of our money, and using it to guarantee fat profits for hedge funds & private equity firms -- while making sure the banks themselves don't suffer a whit?"
And if the toxic assets go bad, the hedge funds walk and the taxpayers are ultimately stuck anyway. The government and their "counterparties" in the banks are doing everything they can to preserve shareholder value. Left unsaid is that insiders own humongous amounts of the stock. If this isn't class warfare someone please tell me what it is?
It's class warfare, and they're winning big time. For now.
Krugman writes in part, "...bad loans may be undervalued..."
I thought the problem stemmed from the fact that too much debt was overvalued---that is, based on no underlying tangible asset.
you're both right. the "assets" are undervalued in a negative sense ie they are being quoted as having less negative value than they really have.
Debt (in freee-market think anyway) is not ever absolute, only relative: one man's debt is anothers income.
[ _____ M A R K E D _ t o _ M A R K E T _____ ]
Is their slang for evaluating the depths of the TOXIC assets value, while holding off evaluation is called "not being marked to market".
The glimmer of hope these crazies have, is that the most toxic of all of the debts, will somehow become "more" solvent -- if we just bury our head in the sand long enough -- and ignore them for now.
What a crazy insane game they play, like leaving and unknown number of very dangerous antipersonnel mines buried in a playground.
We must dig this shit up.
Namaste
Romer sez: "This is really tails both the government and the private sector win, heads both the government and the private sector lose. We both are going to have, as the saying goes, skin in the game."
***
Except that the skin of the oligarchy will enjoy soothing massages and application of lush emollients at five-star spas, while the taxpayers' skin will be flayed and replaced with a hairshirt.
Meet the new propaganda - same as the old Cheney propaganda.
A couple of Sundays ago, Christina Romer was a guest on Meet the Press, where she inanely twittered on and on about the "wonderful battle" being waged on the economic front. It was a total cheerleading routine, as she prattled on like a chirping gasbag, several times avoiding the host's questions such as, "Why hasn't Geitner filled 17 vacant positions in Treasury during a time of such severe crisis?". The only semi-coherent statement she had to offer was this advise to the public.--"You know that new car you've been thinking about buying for the last fourteen months? Well, just go out and buy it." (paraphrasing, but close enough) That kind of advise has such a familiar ring to it, for instance, like Bush after 911 telling people to get out there and shop.
to quote a salty matt tabibi from rolling stone: we are all fucked now
the nerve the chutzpah of the banks and their boys is without end
they engineer the biggest rip off in history and get paid all over again
never let it be said that buying politicians is a waste of money
obama is a nwo shill - his job - and he does it well - is to be calm, rational and even charming - to provide the last few months of this sick theft of the treasury
no wonder we are a cynical people
they take advantage of us in every way - including parachuting the messiah into our midst - straight from the offices of the evil nwo vampire henry kissinger, who by the way - loves obama
kissinger says obama is the best person around right now to sell the nwo
he should know
"they engineer the biggest rip off in history and get paid all over again"
Astounding isn't it? Oh, well, at least there are some pretty good TV programs on this evening(Said the Typical American in ignorance and denial).
"they take advantage of us in every way - including parachuting the messiah into our midst - straight from the offices of the evil nwo vampire henry kissinger"
And let us not forget Obama foreign policy advisor Zbignew Brzezinski who has been chomping at the bit for decades to get into an armed conflict with Russia. Sorry to go off the financial fiasco subject.
ekaton
It's time to Overthrow!!! Revolution is ALL we have left!!!
The only thing left for the common people of America is to overthrow the government. It's quite obvious that Obama is just another rapist working for Wall St and the elite. Trillions of dollars heading for the pockets of the FIRE industry - Finance, Insurance & Real Estate. Heading FOR their pockets and leaving FROM our pockets. I know I've tried protesting for decades now. I've tried writing, calling, visiting my Congressmen/women, Senator's and all the rest. NOTHING WORKS!!! They continue to do the bidding of their Wall St masters. They continue to rape and pillage the country and everyone who lives in it. They continue to suck every last bit of life out of anything they possibly can. NOTHING IS GOING TO CHANGE THIS EXCEPT OVERTHROW!!! Read the words of Jefferson. It is our RIGHT to OVERTHROW this government that no longer serves the governed but instead serves only the corporations. It's time to start organizing to OVERTHROW.
"That whenever any form of government becomes destructive to these ends, it is the right of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness. Prudence, indeed, will dictate that governments long established should not be changed for light and transient causes; and accordingly all experience hath shown that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security."
Hey, now, that sounds like sedition to me. Where did you dig up that extremist nonsense? (grin, wink)
ekaton
I know little or nothing about economics. But I'll believe Krugman before I'll ever believe any of what Charles Foster Kane called "the money mad pirates" of the Obama administration, soon perhaps to become the Obama regime.
This would be the same Krugman who supported the $700B TARP last fall, right? And the direct stake in the banks? You actually believe this guy?
http://www.theaustralian.news.com.au/
business/story/0,28124,24493595-36418,00.html
Krugman has never pretended to be libertarian free marketer. He has never taken the position that the government should never interfere.
In fact, he's of the opinion that these packages are way too small of a stimulus -- and that the longer we wait the worse the consequences ( duration of depression and degree of public debt ).
I doubt that he at all agrees about just paying off illegal and unethical gambling debts, as he's looking at the bigger picture of re-floating the ponderously sinking ship of our heavily indebted state.
Namaste
It pisses me off that hard working Americans who worked and took loans to attend schools, are not even having their interest on the loans paid or reduced, but we are bailing out foreign banks and corporations. We (taxpayers) are paying bonuses to AIG's execs and paying for corporate jets for bailed out companies, but are unwilling to give a break to our citizens who contribute more to our economy that these cannibalistically greedy companies.
Obama announced a $17 billion loan to small businesses while admitting that these small businesses create 70% of American jobs. Mind you, this $17 billion (less than 10% of the money given just to one company--AIG) would be a "loan" not a bailout of these small businesses. Thus, once again basically giving the money ($17 B) to the banks so they can turn around and charge interest to the small businesses and make money from the taxpayer handout.
I am no economist, but there is something very seriously wrong in our society.
The bailouts are loans too actually. It's just called a 'bailout'. They have to pay it back...despite what conservatives in the media say.
BUT, it's the public taxpayers on-balance, that end up paying the interest, for many future generations.
I sincerely doubt that with the level of multiplicity ( duplicity to the max ) and cloaking of who are actually involved with TARP and AIG -- that there is any expectation of returning the funds in any manner.
The banksters have many toxic assets that make them insolvent, having the taxpayer bailout money doesn't change their status as ZOMBIES ( in exchange for the worthless paper no one values ) -- and for how long no one knows.
The fact is that Goldman Sachs was getting 1 $ for it's 1 $ of debts, when the rest of us were getting less than 50 ¢ for what used to be 1 $ -- at current levels of "marked for market pricing".
Namaste
March 22, 2009
To the Honorable President Barack Obama
Of the Untied States of America
The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500
info@barackobama.com
OPEN LETTER --- To whom it might concern
Mr. President,
Thanks for all the good work you are doing, and in keeping with your status as our President. We have prayed that you would not back down or cower to anyone not your equal and that is simply not many.
Many of WE THE PEOPLE is proud to be Americans and we are NOT inane of political science and the actions needed to protect and insure our equity in justice. And because of that we respect your work for those goals to be the centerpiece of your Administration. With you as our solicitous vanguard we do have HOPE once more. IN you taking the lead with your strong and strident voice and will in words and deeds to overcome all the many things, people and matters facing our solvency and sovereignty in our rich and abundant America.
But, Mr. President you cannot do all that alone or be the last call for all that must be sure and factual. Many of the matters that have come about in the press lately has taken me aback at the lacks of others not perusing all matters before putting in essence your seal of approval.
Therefore it is our recommendation that NO financial matter come about from this time on from your administration without being approved by a core of confidants that agree totally and are willing to put their name honor and reputation on the line as it being sound sane and with all the language needed to protect our backs and wallets.
Accordingly the use of the term TOXIC DEBT first used by the BUSH BUNCH before your term began. We think you should get full disclosure from the banks exactly what that means on their books. And if that takes a month a year or never then they can just wait and by doing that maybe they will fold their tent then a better bunch of bankers can ensue. Our fears is that hidden very good in all the MUM BO JUMBO of the term TOXIC DEBT is unsecured credit card debt with all the tomfoolery that goes along with that like large amounts of late payment fees added in and excessive amounts of interest added in collection fees and all the other things that a bankruptcy judge would immediately dismiss as not owing.
Again our fears is that the murky mess that has gone on ----- will continue ----- if you the BOSS does not step in and say boys enough is enough.
The Lady Bank owner and operator that spoke out in the town hall meeting in California represents the core of our solid bankers in America. Get her to help find the scumbags. It takes some one on the inside to find what is and what is NOT sane and sound.
We are with you 100% and you can count on us to watch your back as we have been doing and will continue.
We all count it a blessing to help you and your administration with the challenges that face our nation and our posterity.
Dwight Baker
Co-founder Bondservants of Christ Jesus Ministries
Chairman for Grass Roots Actions WE THE PEOPLES LOBBY WTPL
Contact
PO BOX 7065 Eagle Pass, TX 78853
Tel/fax 1-830-773-1077
E-mail dbaker007@stx.rr.com
LeeAnnG
Before you actually send this to the President, it might be a very good idea to get someone to proof read it and correct the vast number of grammatical and punctuation errors. For example "inane of political science" does not mean anything, and that's a minor infraction compared to much of what you have written. ("Inane" can mean "foolish," so you could possibly say "inane about," although "ignorant about" would be much better.)
Right.
Also "Again our fears is that...". He should say: "...our fear is that..." or "...our fears are that..."
Et cetera.
I don't know what all the fuss is about. We can just declare these pay-offs as 'odious debt' and refuse to have our children and grandchildren bound by them. Thinking we're all going to end up as serfs is giving up before the fight even starts... Ordinary people KNOW the are being screwed - they've just been indoctrinated to think there is nothing they can do about it. Put the idea of 'odious debt' into every person you meet - and TELL EVERYBODY that we don't have to pay for someone else's gambling debts!
"and TELL EVERYBODY that we don't have to pay for someone else's gambling debts!"
And that is EXACTLY what it is -- GAMBLING DEBTS. Not only were parties actually holding "Mortgage Backed Securities", which are only ONE form of "Collateralized Debt Obligations" allowed to participate in the credit default swap game, but also parties NOT holding any of these securities were also allowed to "buy insurance" via credit default swap on exactly the same packages of mortgage backed securities. Multiple parties are holding CDS's on one CDO actually owned by one party. And when the CDS goes against the holder the taxpayer is supposed to reimburse that individual? What arrogance! What CHUTZPAH!!
This is ABSOLUTELY no different from ME betting with YOU on whether SHE or HE will default on her or his mortgage. Literally. And when I lose the bet and have to pay you off, the taxpayers step in and pay off my gambling debt to you. This is LITERALLY what is happening. It would be one thing for the government to purchase packages of mortgages or actual properties in default, because hopefully, after some economic recovery, they could be resold to the private individuals at a profit or at least a break even point. But to have to pay off all of those nothing but paper bets? FRAUD FRAUD FRAUD!! The reason this is NOT being done is because the banks holding the mortgages on defaulted properties want FULL FACE VALUE for them; they are not willing to "mark them to market" at their current values, which they contend cannot be calculated. That is pure unadulterated bullshit. Those properties are "worth" whatever someone will pay for them. The banks made bad bets and got in over their heads.
ekaton
“The difficulty lies, not in the new ideas, but in escaping from the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds.” - John Maynard Keynes
"The problems we face today cannot be solved by the minds that created them." - Albert Einstein
Tout va bien: supermarket
http://www.wilypython.net/Tout%20va%20bien%20(Just%20Great).asp
"Krugman called it a recycled idea of former Treasury Secretary Henry Paulson, who later abandoned the "cash for trash" proposal."
Yeah, right after Paulson, the ex-CEO of Goldman Sachs got a call from the current CEO telling him to shut the hell up because GS was about to receive $12 Billion dollars worth of trash cash from AIG to settle credit default swaps in favor of GS, after GS got its first $25 Billion TARP grant from the government. Ah, what the hell? Its only taxpayer dollars, not like its real money that anyone had to sweat to earn. Right? A few hundred billion here, a few hundred billion there, what the hell? We're all in this together, right?
ekaton
When will we begin to re-build our industrial base so that the unemployed can
go back to work? When will the Democratic Party hold Bill Clinton responsible
for the loss of our industrial base? Will Obama ever get it? Is he a complete
prisoner of the Financial Elite? Now, you of the far left, now is the time for
you to realize why it was so important to disarm the population..
We might just be headed for a major revolution, if we can find what is left of
the WWII population who had guts. Cheney and Bush did not build those detention
centers for nothing, they saw a restless, unemployed population. Obama is to
young,and to inexperienced, and to blind to see the handwriting on the wall.
We are in a major depression, worse than 1929. The Bail-out is only good for the
Banking industry, it does nothing for the small businesses and the working class.
I saw Krugman for the first time within the last year. Have his eyes always looked like that?
Do we get the money trail yet? Obama's campaign was supported by the same banking institutions. According to opensecrets.org he received $38,089,102 just for his campaign. This does not include soft money and lobbying dollars.
A lot of economists are saying the bailouts are not worth the continually increasing price tag:
http://www.businessinsider.com/henry-blodget-krugman-trashes-geithners-bank-plan-2009-3
http://www.counterpunch.org/zadeh01302009.html
http://www.counterpunch.org/whitney03232009.html
http://www.counterpunch.org/roberts03192009.html
Yet Obama and his masters are continuing with the plan.
Should have voted for Nader in the safe states. At one time 14% were considering voting for Nader. That might have been enough to scare Obama into not behaving this way for fear of spilling over into the swing states in 2012.
Now what kind of pressure are we applying to Congress? Who's up in 2010 who is voting for this travesty?
Obama and Geithner, with the advice of Wall Street insiders, are perpetuating the Wall Street game of "heads I win, tails you (the American people) lose." The government should sue each and every one of the guilty executives and recoup their ill-gotten gains. To do otherwise is a moral hazard.
I thought that it took a blue faced Hindu God to suck up toxic assets.
Where will the 'investor' spit out the toxic assets? Yucca Mountain?
The problems associated with capitalism will not be solved,because the problem is the money itself. The corruption and greed associated with hoarding it and controlling it are destructive to a sustainable economy. The solution is to get rid of money and replace it with a resource based economy. We must abandon the old ways
and look to new innovative ways to structure our economies. We can solve many of the problems of our society with technology instead of political solutions. Politicians are not problem solvers,their solutions don't solve,they sometimes even exacerbate the problems. Food,clothing,shelter,medical care and the distribution of resources can be accomplished through technology and science. Discussions that focus on political solutions will not accomplish what is needed to make the world a
better place for all. if we fail to begin the process of discarding money as the basis of value we just delay the future unsustainabilty of a consumer spending,non producing economy.
Getting rid of the corruption of fiat money would be spectacular. Letting the crooks at the Federal Reserve print the money out of thin air then force it on us through legal tender laws is much of the problem.
In order to facilitate trade, some resources will eventually rise to the top as good units of exchange. For example, food would probably still be a valuable resource, so canned jams would likely be useful for bartering with others. Other commodities like silver and wood are also intrinsically valuable -- of course you can't eat those, but they last longer than apples.
As per hoarding, I don't see the clear line between hoarding and being prepared. If you shop at Costco and buy food for the next three months in one trip, then is that hoarding or being prepared? What about for the next three years? What then is the difference between buying extra fuel wood to heat your home for the winter and hoarding wood? Or putting some cash under the mattress to keep it safe from the bank? Or raising sheep for lamb chops?
Common Dreamers! For a GOOD LAUGH, right now, look at the 2 pictures of this "Economist" & the "Dalai Lama," next o CD articles Now.
Draw your own conclusions.
A. Both posing.
B. Both fakes.
C. The Lama took CIA money, sorry, I don't care when it was. His acolytes work and fleece America for cash, endlessly, w/o shame, the faker is probably begging for money in his pose.
D. Krugman will eat his word. The DOW is up 500 points since this article was posted. In 2 yrs it will be turned around. Who is this guy praying to? Oh, I forgot, he is just trying to look vaguely Holy for hHis People.
Economists are next to Astrologist for wrong predictions and Stupidity & Cupidity.
Joe.
What makes you a high-level economist with more expertise and knowledge than Paul Krugman? Are you a seer, a prognosticator? Is Paul Krugman?
Instead of making ridiculous declarations about the future, just admit that you don't know what's going to happen. Nobody does.
Krugman is a Federal Reserve apologist. He believes that our economy can be centrally planned by seers called economists. He despises savings and blames many current woes on the "Asian savings glut". He parrots Keynes' "paradox of thrift" as the problem. He supports debt as the avenue of growth. He wants to inflate the money supply to stimulate consumerism.
What part of that is progress? Does getting into more debt appeal to you as the solution to the problem? Do you enjoy not paying off your credit cards every month?
I SAID, nobody knows what's going to happen. And that means the smart azjoe AND Paul Krugman.
FWIW, I don't have any credit card bills. I pay them immediately.
We're on the way down, down, down, and nobody can see the landscape where we'll land.
Plenty of people know what's going to happen. They've been warning about credit fueled booms and busts for years. They study under the umbrella of the Austrian School of economics. F.A. Hayek won them a Nobel Prize in the 1970s for his contributions. Check it out:
http://mises.org/story/3128
Sorry, but I don't believe anybody knows what will happen. It's a huge, global system with more strings and entanglements than anybody can possibly get a handle on for prediction.
Hardly worth a comment, except you should review your assumptions about both men. And since the DOW went up 500, certainly we're nearly out of the woods now! (*-D
Daividbronstein,
No. Learn to read. I said things would be 'good' in two years. The economy better. Not that it was better yesterday! The DOW was a grain of sand. You're brainless attempt at an analogy was apples and oranges. Really a mentally-lame attempt at an analogy. How old are you?
Respectfully, Joe.
You're [sic] brainless attempt at an analogy was apples and oranges. Really a mentally-lame attempt at an analogy. How old are you?
Respectfully, Joe.
=====
It is always hilarious when someone who can't spell attempts to insult their betters.
We've all no doubt that DavidBronstein is both older and more mature than you. You have no idea what you're talking about, educated as you are.
anney, nice catch on the spelling!
It's a pretty beautiful day here, hope it is wherever 'there' is as well,
Alas, not so educated, Joe.
anney, as I said nice catch on the spelling, have the nicest day etc. But since you insult me based on spelling you will find this ironic (I doubt it, you will disappear,) ya see anney, when you quoted me, something you should do more often, you neglected to use quotation marks......kinda basic. I must Grade you Down...
But that's okay! My spelling, your punctuation, shucks, I gotta thank you for making me laugh, I hope you are as well.
How IS my spelling now?
p.s. "We've," you're the voice of CD anney? Speaking for everyone today?
The DJIA was up yesterday 497 points yes, but now Tuesday the 24th it is down another 115 points.
At the rate the bailouts are going, I'd say your predictions for a "good" economy will be proven wrong. Obama/Geithner/Bernanke are attempting to re-energize the same system that is the root cause of the problems. Of course the bankers/"investors" will like it, since they assume small risk with the gov't promising to back them up. Therefore, they have no incentive for caution and have not learned a lesson.
This is not "socialism", as has been harped upon by the right-wing. It is actually a form of fascism.
idiot - are you Joe the plumber?
tanguero, Oh did I say someting you disagree with? Aaawww poor baby, then insult me! Here is a hint for you and the other non-thinkers here though-I don't care at all. You see, when people I consider Zionists, Obama-Haters & Scum don't dig my opinions, I am happy!
So please, express yourself! Compare notes with davebronstein-gee, I will be wiwwy scared if yew guys gang up on me...oooohhhh. I fear nothing, particularly insults, which in fact are true north on my compass.
(Self) Respectfully, Joe.
A Z J O E
I would say PENSIVE, YEARNING, and THOUGHTFUL -- about some grave subject matter and its associated important decisions and actions that are in the balance -- and will set the course for billions of peoples' lives.
¿ I wonder what that might be ?
Namaste
P . S .
I suspect he isn't thinking about 'OctoMom'
npwr.luv, Hello enigmatic one.
Mayhap you are correct. Twas the echo of the Dalai's silhouette, not just the way Paul's hands are clasped, that made it look to me, as though he'd seen the face of God at last.
And a distrust of Witch-Craft, Republicans and Economists that made my black cat's hair stand up.
Instinct and it felt not indistinct, J.