There's some good news out of the EU this evening that I wanted to pass along. This might make your Sunday a little brighter, and (fingers crossed) could supply some much needed stability to global markets this week.
First, European leaders agreed to some steps to shore up their banking system and credit markets:
The key measures announced were: a pledge to guarantee until the end of 2009 bank debt issues with maturities up to five years; permission for governments to buy bank stakes; and a commitment to recapitalize what the statement called ``systemically'' critical banks in distress.
This has been positively greeted by the electronic currency markets -- "The euro rose the most in three weeks against the dollar and the yen after European leaders agreed to guarantee bank borrowing and prevent big lenders from going under" -- as well as S&P 500 futures -- "Standard & Poor's 500 Index futures expiring in December added 36.6 points, or 4.1 percent, to 927.6 as of 8:58 a.m. in Tokyo."
Stay tuned.
Comments Policy
so it is good news that
October 12, 2008 - 19:18 ET by botgso it is good news that another step has been taken toward global socialism?
“The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” -Chief Justice John Roberts
botg... NO! Not in my
October 12, 2008 - 19:20 ET by bigtimerbotg...
NO!
Not in my eyes.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
Btw...going to be
October 12, 2008 - 19:23 ET by bigtimerBtw...going to be interesting to see what the Asian markets do soon, let alone the rest later.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
BT i was/am interested in
October 12, 2008 - 19:29 ET by botgBT i was/am interested in Noel's take, this is a good short term move but the follow-up is crucial and when do leftists ever cede power once they have it?
“The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” -Chief Justice John Roberts
b
October 12, 2008 - 19:32 ET by Noel Sheppardb,
Noel can argue all sides of this one. As such, I'd really just like to see the market stop going down -- maybe just for a week so I can get some sleep. ns
n
October 12, 2008 - 19:35 ET by botgso you somewhat agree with the short term good -- long term bad view??
“The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” -Chief Justice John Roberts
b
October 12, 2008 - 19:45 ET by Noel Sheppardb,
I'm interested in seeing whether anything can stop the collapse.
The thing to bear in mind is that our markets are much more complicated than they were in 1929. I won't elaborate, because that should be obvious.
The selling now is just a mad dash for cash. Financial institutions and hedge funds are responsible for much of the volume. They've got to raise cash because they're in the middle of the storm. Furthermore, the financial institutions now know that they better have ample liquidity or their stocks will get so low that the government will just take them out. In the end, that's been a dangerous precedent.
As such, I'm wondering if any of these moves -- whether they're good or bad -- can stop the bleeding, or if the arteries have been so severed that there is no stopping it all from totally melting down. At that point, governments would be taking everything over anyway. Seems to me that's a fait accompli. Might as well let them have some now to see whether they can stop the hemorrhaging rather than risk they'll own it all years from now when they're the only ones with money left.
Make sense? ns
n
October 12, 2008 - 19:54 ET by botgyes it does though i doubt they'll take the proper steps if they can stablize the markets
dang the Chargers scored
“The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” -Chief Justice John Roberts
b
October 12, 2008 - 19:56 ET by Noel Sheppardb,
Well, let's look at this from a different perspective: the more the markets collapse, the more government is going to end up owning. Right?
With this in mind, if their moves can stop the bleeding, then it will also stop their purchases. Make sense? ns
N
October 12, 2008 - 20:02 ET by botgjust as China (and Russia) are moving toward free markets
“The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” -Chief Justice John Roberts
b
October 12, 2008 - 20:07 ET by Noel Sheppardb,
Ummm, hasn't Russia shut down its stock exchange several times in the past couple of weeks? Isn't Putin exhibiting authoritarian tendencies of late?
As for China, huh? They refuse to remove their yuan-dollar peg, and continue their anti-free trade ways. I don't see them moving toward free markets. Do you? ns
Didn't Israel also have a
October 12, 2008 - 20:13 ET by bigtimerDidn't Israel also have a brief shut-down?
I only heard a tiny bit about that when walking into one room to another and forgot to check that out.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
BT
October 12, 2008 - 20:17 ET by Noel SheppardBT,
Yeah, but I think that was because of Yom Kippur: http://www.bloomberg...
ns
Noel...thanks...leave it to
October 12, 2008 - 20:27 ET by bigtimerNoel...thanks...leave it to whatever show I walked in on and heard the end of it make it sound drastic...if you know what I mean.
Thanks so much...I'm actually chuckling now.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
yes on Putin he is
October 12, 2008 - 20:15 ET by botgyes on Putin he is reverting. i'd heard of China promoting private ownership in country--could be wrong.
The main question is will the government take the proper steps to reverse the stances which caused the crises to begin with?? Or will they continue the strong arm tactics to force loans to unqualified home buyers. I'm mostly interested in the US though i know there is an interconnection.
“The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” -Chief Justice John Roberts
b
October 12, 2008 - 20:20 ET by Noel Sheppardb,
Well, I think that's another issue supporting action now rather than later. If these actions can stop the bleeding, it will be harder to get more Draconian socialist and anti-capitalist legislation through Congress regardless of its makeup.
On the other hand, I don't believe we'll see a reversal of position concerning CRA which, as you know, is really at the heart of this whole problem. I don't see that going away regardless of what happens or who's elected. Do you? ns
N
October 12, 2008 - 20:25 ET by botgno and that is scary. I have personal reasons for securing the market---i'm buying a house (there are deals out there) so i guess Adam Smith would approve of my position since i'm acting in self-interest
“The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” -Chief Justice John Roberts
I agree..it is what is
October 12, 2008 - 19:37 ET by bigtimerI agree..it is what is going to happen on down the road..there is more to come in my opinion.
Btw Noel, if you are still here, I read up on some of the CDS you were talking about...some of the comments here are very interesting...I was wondering what you thought of this too...I think it was the guys last comment at the end that made me wonder what you thought.
I really got interrupted by a lot of things since, forgot I had this until now to ask you about...anyway, if you have the time...I was just curious.
I need to go back and refresh on it myself.
<edit>...lol...sorry, I forgot to put the link in...here it is.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
BT
October 12, 2008 - 19:49 ET by Noel SheppardBT,
That's a good one. Here's another one that might make this a little simpler: http://money.cnn.com/2008/09/30/magazines/fortune/varchaver_derivatives_short.fortune/index.htm
ns
N
October 12, 2008 - 19:51 ET by BlondeThis is the article to which I was referring that had the spot-on graphs.
So easy, a two year old could understand.
David Gregory, do you know which damn network you lie for? ~ Uncle Jimbo, @Blackfive
B
October 12, 2008 - 19:52 ET by Noel SheppardB,
Yeah, it's a good one. Did you send that one to me, or did I send it to you? ns
Doesn't matter
October 12, 2008 - 20:08 ET by BlondeGreat graphs, though.
David Gregory, do you know which damn network you lie for? ~ Uncle Jimbo, @Blackfive
I posted earlier today
October 12, 2008 - 19:24 ET by Jnoblethat there's NO WAY the markets continue to free-fall in the weeks and days leading up to the election. In fact, I'm positive that they stableize this week and start creeping back up, maybe to the 10,000 mark by early November.
Can you imagine the panic the Dems and MSM will have if, God willing, there's a strong market rally the day before and of the election?
JN
October 12, 2008 - 19:26 ET by Noel SheppardJN,
Whatever you're smoking, pass it over here. :-)
We could get an oversold bounce, but not in the 20 percent range. More like 10, and then retest Friday's lows. This isn't going to be a V-bottom because the economy is nowhere near a recovery. ns
you could be right
October 12, 2008 - 19:32 ET by Jnobleand I could be right....but the market is very emotion based and over-reacts both ways and that being said, I just can't see this panic and daily tumble continuing any longer. Will it rally back up to 10K? I dunno. 9K? Maybe. But the daily drops of 400, 500, 300 one after another can't continue
JN
October 12, 2008 - 19:34 ET by Noel SheppardJN,
I think we'll see this kind of volatility for the rest of the year. Also, bear in mind that the first year of a new president that replaced a two-term president is typically VERY bad for stocks. So, I have a hard time being bullish next year regardless of where stocks are now. ns
just humor me here in my hypothetical :-)
October 12, 2008 - 19:41 ET by Jnobleit's not going to happen, but could you imagine the MSM's reaction if the dow jumped 2000 points in the day before the election?
CNN: "AAAAHHHH!!! (waving arms in downward motion) Go down! Go down!"
MSNBC: "Obviously the shadowy Bush/Cheney machine that also controls oil-prices is somehow driving this up to help McCain"
CBS: Katie Couric: Just looks at camera with open-mouthed blank stare with graphic of a green arrow pointing up over her shoulder
NBC: Brian Williams with only half his fake tan on, forgetting he's live: "WTF?...."
JNoble, I think the real problem here is that the USA is broke..
October 12, 2008 - 20:49 ET by R D Helm...and I think a lot of people are beginning to figure that out. To many, the U.S. is just not a good risk right now.
Hell, I've heard that even the Chinese have stopped lending us money.
Let's face it, with the federal government going around bailing out everything and everyone that is in trouble, and with even more bailouts probably coming, requiring money we all know the government doesn't really have, then you know there is a problem.
You'll know for sure if people stop buying bonds, as they only do so with the reasonable expectation they are going to get their money back, plus a little more, at some point.
If they decide the feds will never have the money to do so, then its game over.
-Dave
Barrack Hussein Obama must be defeated.
Dave
October 12, 2008 - 20:55 ET by Noel SheppardDave,
We're broke? Really?
So, why has the dollar absolutely exploded in value since this crisis began? http://futures.tradi...
And I imagine you've noticed that the price of T-bills has exploded in the past four weeks even to a point where folks were actually paying interest to own them?
In the past four weeks, there has been a mad dash out of everything and into US Treasuries. Think this would be the case if everybody thought we were going broke? ns
Okay, maybe not stone cold broke, but we can't be far from it.
October 12, 2008 - 22:55 ET by R D HelmNoel,
Do we really know what the actual deficit numbers really are?
In just the last month we have seen the federal government fork out over $1 Trillion in bailouts alone, and we know there are going to be more coming. There is also what has to be a fairly sizeable drop in revenues to the federal government because of the current down-turn in the economy.
Pelosi and Co. are chomping at the bit to blow another $150B out the door in the form of yet another stimulus package. Now, I realize most of this will be money that will be going back into the economy, but its still money that will add to the deficit and has to be covered at some point down the road. The U.S. Treasury isn't a bottomless pit, after all.
When you factor in all the off-budget and un-funded mandate garbage (does anyone have a clue how much that is?) not to mention the looming SS and other entitlement program train wrecks looming on the horizon, you have to wonder that just perhaps we are in a little deeper than we realize. There aren't enough wealthy people on the planet to cover that, much less in this country.
I don't think the current market slide is ready to bottom out yet, either. I watched it as it appeared to level out somwhat on Friday, even getting my hopes up for a moment or two there, but just before the close, it resumed its downward slide.
Yes, everybody is running for T bills right now, but if they begin to feel that they are throwing their money down a hole, they might stop even that and begin cutting slits in their mattresses, just like my grandparents did during the Depression. They never regained their lost confidence in banks, and to a certain extent, the federal government.
Now I am beginning to wonder if people's confidence in the federal government today is not on similarly shaky ground. I can tell you mine certainly is.
In a word, I'm scared. :-O
-Dave
Barrack Hussein Obama must be defeated.
Yes we are broke and the dollar will go down
October 13, 2008 - 07:16 ET by PopularTechThis is all a panic reaction to the market, once the rest of the world figures out that we are really broke the dollar will tank.
The inevitable collapse of the dollar (Video) (7min)
Have no fear though because Bernanke is dead set on hyperinflation.
To tell the truth, I'm not
October 12, 2008 - 19:43 ET by Clear thinkerTo tell the truth, I'm not sure what to make of this latest move. I hope it helps but I am a skeptic listening to others tell us how to fix money woes. Or maybe I'm just getting paranoid?!
Why Obama Scares The Crap Out Of Me
Making Fun of AGW http://giovanniworld.wordpress.com/
Evenin' Ct... I don't
October 12, 2008 - 19:47 ET by bigtimerEvenin' Ct...
I don't think you're being paranoid...but heck, that's just me.
Btw...I see you have the link ready now to your new blog post..be checking it out soon.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
If McCain doesn't get busy campaigning for real...
October 12, 2008 - 19:57 ET by R D Helm...our chances of ever seeing any real economic recovery to speak of are going to be greatly diminished, possibly to the point of no return.
Don't mean to sound alarmist here, but an Obama presidency coupled with 60 democrat senators and a sizable House majority, for even period as short as two years, might just do us in.
About the only bright spot I see anywhere is the current slide in oil prices, but even that may not withstand a move by OPEC to reduce the supply.
Let's face it, we have hosed ourselves royally in not developing our own oil resources to their fullest extent. What is worse we have demonstrated to OPEC that we are willing to go along with $4/gal gas in this country.
Fingers crossed, indeed.
-Dave
Barrack Hussein Obama must be defeated.
Dave... Yep...Drill
October 12, 2008 - 19:58 ET by bigtimerDave...
Yep...Drill Often...Drill Everywhere is going to be way of the dinosaur...no matter what happens I fear.
Prices going down, peoples demands and memories go the way they did when we were all united after 9-11.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
bt,
October 12, 2008 - 20:16 ET by R D HelmIf we learned anything from the aftermath of those storms in Texas, it was that our overall supply is stretched way too thin.
There is no reason that an interruption like that, which was pretty minor actually, should cause the problems we had in the southeast. There were stations here that had no gas for over a week.
I bet Nancy Pelosi, Harry Reid, and the rest of the congress-critter crowd had no trouble finding gas.
I nearly had to park my car at one point as I was down to fumes and didn't have enough gas to even go out and look for any.
-Dave
Barrack Hussein Obama must be defeated.
Yeah Dave...the congress is
October 12, 2008 - 20:23 ET by bigtimerYeah Dave...the congress is a lovely beast...they can make a700 billion bail-out bill in one week...yet over thirty years later we are still waiting for a Drill Baby Drill Bill.
Good old congress...our best buddies.
A lot of everything that has happened is because of congress instead of the free market working it will without all the rules/regualtions in so many areas...
Oh well, I'm enjoying a game at the moment...don't want to get to depressed...unless I start losing big time..then I'll add more...lol.
Congrats to the Falcons today!
"America isn't the problem...America is the solution." ~ Rush Limbaugh
oil
October 12, 2008 - 20:41 ET by cocodrieHaven't seen any prices since last night but the cheapest was 2.99. During the "oil dhortage under Jimmy Carter we had long lines at all gas stations but the refineries were running at a fraction of capability while tankers were anchored at the mouth of the Mississippi because the refineries wouldn't accept the crude. They are playing some sort of game with us right now but I don't know what. I have suspicions about heating oil for the winter.
RD... How's the gas
October 12, 2008 - 20:02 ET by Clear thinkerRD...
How's the gas prices in your area? In one week, a grocery store chain here in our area went from $3.99 a gal down to $3.09.
BTW... Whenever you have time check out... Why Obama Scares The Crap Out Of Me It's long, but well worth sending to others. IMHO.. ; - )
Making Fun of AGW http://giovanniworld.wordpress.com/
Ct,
October 12, 2008 - 20:08 ET by R D HelmLast time I looked at my neighborhood QuikTrip, which was yesterday, reg. was going for $3.39/gal. Premium is occasionally available, but they still don't have enough just yet.
We're still having a few supply issues left over from the storms.
-Yet another reason why they should be swiss-cheesing North America drilling.
-Dave
Barrack Hussein Obama must be defeated.
They can drill in my
October 12, 2008 - 20:14 ET by Clear thinkerThey can drill in my backyard if they want. Heck, I'll even give them permission to drill in my neighbors yard (we don't get along).
Why Obama Scares The Crap Out Of Me
Making Fun of AGW http://giovanniworld.wordpress.com/
Last Tues. my husband
October 12, 2008 - 20:18 ET by bigtimerLast Tues. my husband filled up in Sandpoint and it was 3.56 you went further down road about 15 miles and it was 3.15....then coming back Friday the cheapest my husband saw was 2.95 in the Coeur d'Alene, Sandpoint Id. area we don't know what it is yet on Mt. side, haven't been there yet, but it usually is a tad cheaper.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
Australia
October 12, 2008 - 20:40 ET by Noel SheppardAustralia opens up 2 percent: http://finance.yahoo...
color me skeptical
October 12, 2008 - 21:00 ET by candanceSo the government is going to guarantee these troubled assets to take some pressure off the markets...but who is guaranteeing these governments? There is only so much you can absorb before it starts affecting you too, just like what we're seeing in Iceland.
It reminds me of that scene in the first Superman film when Lois Lane is falling off the building. Superman grabs her and says "don't worry, I got you" and she says "you've got me? who's got you?"
can
October 12, 2008 - 21:01 ET by Noel Sheppardcan,
Governments can print money...Superman can't. :-) ns
Looks like the Australian
October 12, 2008 - 21:09 ET by bigtimerLooks like the Australian stock is slipping some now...if I am reading the chart right from your link Noel...seems to have been about 100 pts?
Only reason I am asking, I just want to know if I am reading this right...never been to this site or for that matter on the PC at all to watch stocks live/real time...just the good ol tv screen...which I can't get o right now...game and all we are watching.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
BT
October 12, 2008 - 21:20 ET by Noel SheppardBT,
Actually, high was up about 48: http://finance.yahoo.com/q?s=^STI
BTW: I got my markets mixed up. That's Singapore. ns
Noel... thank you for
October 12, 2008 - 21:25 ET by bigtimerNoel...
thank you for this info.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
Asian Markets Opening
October 12, 2008 - 21:25 ET by Noel SheppardAsian Markets Opening Strong: http://finance.yahoo...
Australia up about 3.5 percent.
China up 1.5 percent.
Singapore up 1.5 percent. ns
»→ Stay the course
October 12, 2008 - 21:31 ET by Cool ArrowSo Noel, will I get my 3% back tomorrow?
LYDSEXICS UNTIE!
Hey I like that chart a lot
October 12, 2008 - 21:32 ET by bigtimerHey I like that chart a lot better.
I wished I wasn't in the middle of a good game, but I will check back later to see what is happening then.
Going to be interesting this week.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
like I posted before
October 12, 2008 - 21:57 ET by JnobleI'm not naive, I know that the US and global markets aren't going to fix themselves anytime soon. That being said, I repeat again, I think last week was the worst of it and the markets will slowly but surely start to stableize and recover.
Despite the price of oil dropping recently, I think it's inevitable now that we start to drill offshore. Even if BO is elected.
Jn... well, I don'
October 12, 2008 - 22:06 ET by bigtimerJn...
well, I don' know..but what I have thought for over ten years by now is the market has been over-priced, that it won't calm down until it get to around 7500-8500...so we shall see...it already is in the territory now as of Friday as I am sure you are well aware of.
Reality has to hit eventually, no matter all the causes and in's and out's...but for the govt to step in...hell, they have been part of the big problem in various avenues for years now and are going to prove to be again..as we all pay for it, one way or the other.
...but heck, nothing like Nationalism in the stock market and the banks now...on and on it goes.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
Whiskey Tango Foxtrot
October 12, 2008 - 22:35 ET by HillbillyKingis an ad SUPPORTING Global Warming doing up here at NB? "Fight Global Warming"? Ummmm, hasn't it become evident from the posts here from Noel and many others that GW is a myth/farce/SCAM/etc,etc,etc? Am I to infer from the fact that the ad is here on NewsBusters that;
a) Those that own NewsBusters, due in fact, support the premiss that AGW is real?
b) Are mercenary enough to allow ANY advertisement to grace their site, so long as the price is right?
Someone tell me that I am seriously blowing this out of proportion. I sincerely hope that that is the case.
If you make people think they're thinking, they'll love you; But if you really make them think, they'll hate you.
Don Marquis 1878-1937
huh?
October 12, 2008 - 22:36 ET by candanceAre you talking about the T Boone Pickens ad, or am I missing something?
candance
October 12, 2008 - 22:48 ET by botgthere's an occassional banner ad at the top of the page for a pro AGW site plus there's one above the T Boone ad right now
“The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” -Chief Justice John Roberts
botg,
October 12, 2008 - 23:00 ET by HillbillyKingwhat did the pro-AGW one look like? The one I saw, (see my reply to Candance below) or something else?
I really don't have a problem with T-Bones ad, cause it says "break our addiction to foreign oil." I just have a problem with ad's that specifically mention AGW. I feel that ANY support of it, and the ad I saw was DEFINITELY geared to imply that it is indeed real and that "we" need to fight it, is helping to perpetuate the ridiculous sham that is AGW.
If you make people think they're thinking, they'll love you; But if you really make them think, they'll hate you.
Don Marquis 1878-1937
HBK
October 12, 2008 - 23:14 ET by botgi've been looking for it again but can't find it.
“The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” -Chief Justice John Roberts
botg, me too.
October 12, 2008 - 23:25 ET by HillbillyKingBut, seriously, I've managed to score Chucky cheese and Pizza Hut ads.
If you make people think they're thinking, they'll love you; But if you really make them think, they'll hate you.
Don Marquis 1878-1937
see you when your butt falls asleep
October 12, 2008 - 23:39 ET by botgSuper 8 ad is what i see oh and a 4.51% CD
and what is eco-friendly gold??
“The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” -Chief Justice John Roberts
If only
October 12, 2008 - 23:45 ET by HillbillyKingmy butt could fall asleep in one of those beach chairs the Hilton ad just flashed up with I would be A-OK. :-}
Seriously, I was probably making a big deal out of nothing. The ads are probably generated by a third party and "certain" things slip through, regardless of NB's requests/preferences.
I'll shelve this whole thing for now.
Thanks botg & candance.
If you make people think they're thinking, they'll love you; But if you really make them think, they'll hate you.
Don Marquis 1878-1937
Eco-friendly gold?
October 12, 2008 - 23:51 ET by HillbillyKingMaybe, it's the gold that came from Grandpa's fillings that Jr. hocked to one of those Cash-For-Gold-Now scams that are on TV.
Or
It's "old" gold. You know the stuff that was mined with slave labor 100's of years ago. I mean, they didn't have those nasty Earth destroying technologies back then. So maybe it's considered Eco-friendly? That would fit with the feelings some in the enviromental movements have about people. :-}
If you make people think they're thinking, they'll love you; But if you really make them think, they'll hate you.
Don Marquis 1878-1937
Candance,
October 12, 2008 - 22:51 ET by HillbillyKingI had an ad at the top of the screen (Right now I got one from Capital One offering 5.50% for 7 years, I guess you would call it a banner ad) that was by the Ad Council that had 2 statements with checkboxes beside them. The one on the left said something to the effect of " Support unfiltered air pollution" or something like that. The one on the left said, "Fight Global Warming." and it had a big Red check beside it. That's what I saw. So I click on "post a comment" and when the new screen come up I got a different "banner ad" from Prevecid(sp) or something. Anyway that's the ad I'm referring too.
If you make people think they're thinking, they'll love you; But if you really make them think, they'll hate you.
Don Marquis 1878-1937
weird
October 12, 2008 - 22:54 ET by candanceI don't see any of that stuff. All I ever see is the T shirt models and the Pickens plan.
Consider yourself lucky, C.
October 12, 2008 - 23:09 ET by HillbillyKingI got Capital One, "Banned" NRA, T-bone, Prevecid, the T-shirt girls, and Lasik ads, in addition to poll questions like, "Is Obama ready to be President?" etc.
I mean, it's great that NB get's so much traffic that big companies are paying to advertise here. But, where's the line? At what point does greed compromise principles?
If you make people think they're thinking, they'll love you; But if you really make them think, they'll hate you.
Don Marquis 1878-1937
May I say...
October 12, 2008 - 23:26 ET by AgentAmericanThe Conservative T-Shirt Ladies are my favorite!
Drill ANWAR
Mine too, Agent.
October 12, 2008 - 23:53 ET by HillbillyKingBut as someone here once said, "Get that girl on the right a cheeseburger." ;-}
If you make people think they're thinking, they'll love you; But if you really make them think, they'll hate you.
Don Marquis 1878-1937
You be the Judge(humor)
October 13, 2008 - 07:58 ET by kilrodBack in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it.
They failed and it closed.
Now we are trusting the economy of our country to a pack of nit-wits who couldn't make money running a legal whore house and selling booze?
You be the judge.
(GRINS) kilrod
Remember, only two defining forces have ever offered to die for you, Jesus Christ and the American Soldier