Kramer’s Meltdown

One year ago, Jim Kramer went nuts on his show about the very things happening now. He saw it in advance, and warned everyone. People said he was crazy. I remember linking to this video at the time. Here it is again.

Personally, I worry about Obama getting elected, because I don’t think he has a clue how to handle this mess. And the Dems he likes are even more clueless. They helped cause it in the first place.

“They helped cause it in the first place”

Yes they did..and the more you investigate the history of this mess the more it becomes clear that it was the Democrats who encouraged Fannie and Freddie to buy these bad loans that in turn freed up capital at banks and mortgage brokers to makes more and more of them. Then it can be shown that when the Bush administration tried to step in and regulate these entities it was Dodd, Frank and the Dems again who blocked any meaningful reform. For McCain to have any shot in Nov. he has to blanket the airwaves with this.

Posted by  on  09/28  at  04:02 AM

For some reason McCain avoids blaming Dems. I think he is trying to woo some of their voters so he does not want to be too partisan. But you’re right, he needs to expose this and the fact that Obama was the #1 recipient of FM/FM money after Dodd.

Posted by  on  09/28  at  04:40 AM

The reason, I believe, is that if McCain comes out swinging (and connecting - because it’ll be so very easy) BEFORE an agreement is reached and passed on what to do about this fiasco, he will be doing exactly the opposite of what his campaign is based on: Country First. Any real threat his statements pose to Democrat hegemony will be met with exactly the sort of recalcitrant response we’ve seen this past week. And that will be devastating for America. For better or worse, this is more “I’d rather lose an election than lose a war.” I only hope he’s not seeing a war where there’s really only a single battle raging.

The Dems believe - because their Cloward-Piven Strategy tells them so - that a meltdown in the economy will only work in their favor. So they are all too happy to pre-emptively let Rome burn if it looks like they will be (rightfully) blamed for doing EXACTLY what they’ve been doing for decades. McCain knows this - he’s been closer to them than most Republicans for years. It’s a question of timing.

Two things have to happen if we’re not to go the way of the Soviet Union starting next year. Both are completely dependent on a third, which is fixing this financial mess. Those two are: Palin has do demonstrate to people in the V.P. debates that she could step in and at least referee issues like this, because they’re going to come up again. McCain has GOT to find a way, once this crisis is resolved, to inform the electorate about how it came to be. Absent those events, we’ll be seeing a black Karl Marx sworn in on Jan. 20 of next year.

p.s. James - your comment preview page is unreadable against that predominantly black image background.

Posted by goy  on  09/28  at  09:37 AM

Goy,

I will fix that page. I forgot to do that when I did the redesign.


You are probably right about this crisis being orchestrated. The people who forced it, and protected it from regulation are the same people (Frank, Dodd) who are now leading the committees overlooking the bail out.

And they are trying to get ACORN funding in the bill, they may have been planning this for a long time. And they intend to rig the election. Obama is using ACORN in his “50 State Strategy” (which has been modified as he has dropped some states from that.

As for a black Karl Marx, I think he would be more like David Dinkins with a dash of Robert Mugabe.

Posted by  on  09/28  at  11:12 AM

Here’s an excerpt from a 1999 article in the NYT:

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.

“From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. “If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”

No sh*t, Sherlock.
For the whole article, go here:
http://tinyurl.com/3jdn9e

What’s missing for the bailout is horsewhipping for the pols who got us into this in the first place.  The Wall Street boys just did what they were required to do by law.

Posted by  on  09/28  at  01:22 PM

A black Karl Marx, or a Dinkins/Mugabe amalgam…I’d say just that Obama is a Dirty F**kin’ ☭ommunist!

Posted by Macker  on  09/28  at  09:14 PM

Anyone catch the Fox interview with Donald Trump the other day? He’s predictin oil to fall in price big-time…and other prices to follow.

Posted by  on  09/30  at  02:51 PM

I’ve been saying that for awhile now. Oil, like homes, was overpriced.

Posted by  on  09/30  at  03:50 PM
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