I caught bits and pieces of it....
We're on the brink of total meltdown... I'm pissed that my tax money is going bail out the rich and their retirement savings. Especially since I have no retirement savings... (401K, etc.) I, like many other Americans are getting screwed pretty bad.
But, if the government does nothing... we enter the next Depression. A buddy of mine who works for Morgan Stanley says that is exactly what's going to happen if the feds don't step in. He put it simple terms.... If you own a house, banks and mortgage companies that are in trouble will start calling in notes.... and if you can't pay, you lose your house period. That is why congress is trying to put that clause in any bail out bill, to protect home owners from that very real possibility.
I also believe we are on the verge of something much worse as well.
When you have an ex-vice president calling for civil disobedience... something very bad is around the corner.
NEW YORK (Reuters) - Nobel Peace Prize winner and environmental crusader Al Gore urged young people on Wednesday to engage in civil disobedience to stop the construction of coal plants without the ability to store carbon
The former U.S. vice president, whose climate change documentary “An Inconvenient Truth” won an Academy Award, told a philanthropic meeting in New York City that “the world has lost ground to the climate crisis.”
“If you’re a young person looking at the future of this planet and looking at what is being done right now, and not done, I believe we have reached the stage where it is time for civil disobedience to prevent the construction of new coal plants that do not have carbon capture and sequestration,” Gore told the Clinton Global Initiative gathering to loud applause
“I believe for a carbon company to spend money convincing the stock-buying public that the risk from the global climate crisis is not that great represents a form of stock fraud because they are misrepresenting a material fact,” he said. “I hope these state attorney generals around the country will take some action on that.” …
Last edited by js; 09-24-2008 at 11:49 PM.
"bing bang boom! hair out...hamburger time" - William Murderface