Paulson Contradicted By His Former Company Goldman Sachs On Economic Recession
Paulson Contradicted By His Former Company Goldman Sachs On Economic Recession
On Monday, President Bush said the United States currently has “a resilient economy,” an attempt to counter growing fears of a coming recession. Similarly, on Tuesday, White House spokesperson Tony Fratto ignorantly proclaimed, “I don’t know of anyone predicting a recession.”
Yesterday on CNBC, Treasury Secretary Hank Paulson also downplayed talk of a recession, giving assurances that economic growth will continue. At the same time, however, he refused to directly deny whether there is a recession:
PAULSON: [T]he economic data is mixed. We’re watching this very closely. I said I think that we’re facing some strong headwinds, but the economy’s going to continue to grow. [...]
Q: So people who think we’re in a recession have it wrong? They’re not seeing the real picture right now?
PAULSON: I simply said that, we grew at five percent in the third quarter, almost five percent in the third quarter. Again, spending was strong, right up through the fall. There’s some concerns, There’s some [inaudible]. There’s some mixed economic data, and we’re watching it very closely right now.
Watch it:
But today, “Goldman Sachs became the latest Wall Street firm to predict that the U.S. economy will drop into recession this year.” As AmericaBlog observes, prior to taking his job in the Bush administration, Paulson was the CEO of Goldman Sachs. CNBC reports:
“Over the past few months, we have become increasingly concerned that the US housing and credit market downturn would trigger not just a growth slowdown and substantial Fed easing — our long-standing view — but also an outright recession,” Goldman Sachs said in a note to clients Wednesday. “The latest data suggest that recession has now arrived, or will very shortly.”
Merrill Lynch has also stated that “Friday’s employment report, which sent shares tumbling worldwide, confirmed that the US is in the first month of a recession.”
Transcript:
Q: Secretary, there are some people who believe we’ve already headed into a recession. In your seat, what do you think of that view.
PAULSON: Well I just told you that I think the economic data is mixed. We’re watching this very closely. I said I think that we’re facing some strong headwinds, but the economy’s going to continue to grow.
Q: Continues to grow — that’s not a recession.
PAULSON: And the other thing we said. And I think you’ve heard the president. He indicated that he’s thinking through options. And so you know, we’re considering various options to do everything we can to keep this economy growing.
Q: So people who think we’re in a recession have it wrong? They’re not seeing the real picture right now?
PAULSON: I simply said that, we grew at five percent in the third quarter, almost five percent in the third quarter. Again, spending was strong, right up through the fall. There’s some concerns, There’s some [inaudible]. There’s some mixed economic data, and we’re watching it very closely right now.
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Yes, Moneybags Paulson can give his sales pitch that the economy is growing all he wants. Check Paulson’s bank account, portfolio, the growth in his shares at Goldman Sachs, and the 3rd and 4th quarter earnings at Goldman Sachs. Paulson is just pissed because Merrill Lynch called a spade a spade.
January 9th, 2008 at 1:15 pma strong dollar is in the best interests of the country?
too bad Bush has been assaulting it ever since taking office…..but then…Hitler did the same thing
January 9th, 2008 at 1:17 pmThey got theirs, now we will get ours, in the rear, 7 years of fake economy growth (thanks to companies moving to child labor overseas).
Free trade my butt, FAIR TRADE, Free trade is not free, but it is a screw job on the USA.
But those war profiters are doing just fine, aren’t they.
Buck Fush
January 9th, 2008 at 1:19 pmOh, those silly moonbats at Goldman, Sachs!! Let ‘em bark.
The economy is BOOMING!!! BOOMING, I tell you!!
January 9th, 2008 at 1:20 pmGoldman-Sachs is a known hotbed of socialism.
Of course they are wrong!
Go out and buy something!
-G.W. Pudslap
January 9th, 2008 at 1:21 pmRead as; The little guys should keep their money in stocks at least until the big guys have sold off all theirs. The recession is already underway, you just haven’t been told.
January 9th, 2008 at 1:21 pmThis is a bullsh1t post. Bloomberg News, top story at the moment, is this:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aEX73qWiBrb4&refer=home
Economists put the odds of a recession developing within the next year at 40 percent, according to the median estimate. Nine of the 47 economists responding to the question put the odds at about even and five said the economy would contract.
Martin Feldstein and Larry Summers have put the odds of a recession at better than 50-50, but Paul Krugman for one has stopped short of predicting a recession.
Look, this is not an exact science, the answers are not black-and-white, but Paulson’s view is hardly indefensible. You might think he is wrong – I do – but dropping this post under “incompetent establishment” is just wingnut-style hyperbole.
January 9th, 2008 at 1:24 pmI know a couple of senior execs at Bear Stearns. Their internal data says we are already in recession. If they know it, then bushco liar Paulson knows it too.
January 9th, 2008 at 1:29 pmWhat recession. I don’t see it. I am doing very fine and so are my neighbors.
Comment by Daryll — January 9, 2008 @ 1:36 pm
That’s the kind of real analysis we need in the world. Daryll could do the weather, too. “What floods? I don’t see any floods in my neighborhood.”
January 9th, 2008 at 1:41 pmWhat recession. I don’t see it. I am doing very fine and so are my neighbors.
A$$hole
January 9th, 2008 at 1:42 pmThis is a off-topic, but a political analysist on CNN/Headline News just told Roberts that Obama is a “steamroller.” Was that a precisely placed word. Just something funny, and a little food for thought.
January 9th, 2008 at 1:42 pmLets take a look at some things:
1. Bush says we are winning in Iraq, experts say no we are not.
2. Bush says we have a strong dollar policy, but we see the value of or currency slip downward.
3. Bush says the economy is strong, experts say we are already in a recession.
4. Bush says we don’t torture, but we do.
5. bush says he is for peace, after invading two soverign nations.
6. Bush says he woulkd like to see peace in the ME, but he ignores the Israeli/Palestinian situation for years.
7. bush says the housing crunch is not so bad, but mortgage companies are scrambling to write off their bad debt.
8. Bush says telecom’s need immunity, even though he says they did nothing wrong.
9. etc, etc, etc…
I could go on and on, but you get the point: bush is a liar. his administration is filled with liars. Even when the evidence is over whelming, bush stills send out his henchmen to tell us otherwise.
How do you know when bush is lying? When he speaks.
January 9th, 2008 at 1:43 pmDaryll, Daryll, and his other brother Daryll, you are kidding right?
January 9th, 2008 at 1:44 pmWhat recession. I don’t see it. I am doing very fine and so are my neighbors.
Comment by Daryll
Funny, I said the same thing about those tornadoes that ripped through Missouri this week?
“What tornadoes? I didn’t see it. No one in Nebraska was hurt.”
January 9th, 2008 at 1:45 pmThere will be no recession until a Democrat takes the White House. *Then* the sky will be falling.
Republicans: See? Leave it to the Democrats to ruin the economy!
January 9th, 2008 at 1:47 pmI hate to cuss but I think that was simply the most asinine, inhuman response I have heard so far in 2008.
January 9th, 2008 at 1:48 pmRickS, republicans, conservatives, OK neo-con right-wingers believe in things you can’t see, and don’t believe in things that you can see.
January 9th, 2008 at 1:49 pmStick around, Lefty. The thread’s not done yet. ;-)
January 9th, 2008 at 1:49 pmI think most retailers would tell you the last holiday shopping season sort of sucked.
January 9th, 2008 at 1:51 pmWalking around Kmart the other day, I never remember such a large amount of seasonal stufff at 75% off.
Hence my caveat “so far”. It’s an election year – October will win Worst Month in the World. But thank sweet baby Jeebus we have Stewart and Colbert back, writers or no writers.
January 9th, 2008 at 1:53 pmPaulson was put in position to do just what he’s doing lying openly. Now notice how Goldman Sachs is getting big profits while others are losing. It’s because Goldman Sachs is in business with the White House corrupt team. Goldman Sachs was given inside information about sub prime when Bush/Cheney took office. Notice how Goldman Sachs stepped aside as the big sub prime was selling now you know the reason. It was known it would fail and homes/money would be lost. So Goldman Sachs waited and used the NSA spying to see what companies would get in trouble as an easy take over. Paul O’Neill told the White House what he saw as a future crime and they fired him. Paulson is bleeding every cent out of businesses and the American people while lying for the White House. Even a blind person can see we’re in a recession right now. But Paulson believe idiots will follow what ever he says until they sink. The Bush base is a clear example of following blindly until it’s to late.
January 9th, 2008 at 1:54 pmComment by the Lone Voice of Reason
From the same people who require 100% consensus on global climate change to take action and just a 1% doctrine for military invasion.
January 9th, 2008 at 1:54 pmOff Topic:
mmm…this is getting interesting:
Persian Gulf incident part of U.S. psyops: Majlis speaker
THe “We don’t torture vs We don’t have gays†FIGHT!!!
January 9th, 2008 at 1:56 pmWhat recession. I don’t see it. I am doing very fine and so are my neighbors.
A$$hole
Comment by lefty
Actually, everytime it is more evident that sweet Brazilian-missionary Daryll is a parody.
January 9th, 2008 at 1:58 pmThe deciderator has said we are NOT in a recession! What part of that do you people not understand!
January 9th, 2008 at 1:59 pmRecession: A cyclical economic contraction that lasts for six months or longer. At the end of this cycle is, hopefully, a recovery stage. My folks grew up in the depression. Since the ’30s when had safeguards along the way to prevent lapsing into a depression. What’s gonna happen next if we keep ignoring that we are in a bit of an economic downturn?
January 9th, 2008 at 1:59 pmBut thank sweet baby Jeebus we have Stewart and Colbert back, writers or no writers.
Comment by lefty — January 9, 2008 @ 1:53 pm
I’m not sure I can make it through this upcoming year without them!
January 9th, 2008 at 2:04 pmMarkets headed down again today. Major sell-off’s and re-allocations.
LIVE TICKER
Need to hit refresh every minute or so.
January 9th, 2008 at 2:07 pmComment by Juan C.
I suppose thats possible. The rightwing arguments are so absurd that parody can only confuse though. It’s truly impossible to satirize Republicans by exaggeration anymore.
January 9th, 2008 at 2:07 pmWhat’s gonna happen next if we keep ignoring that we are in a bit of an economic downturn?
Comment by the Lone Voice of Reason
What we are seeing today is nothing compared to what we will see when the bill becomes due for the war. Bush has put everything on the credit card so citizens don’t feel the pinch or the pain. The growing debt service on that credit card will be enormous and many, many social safety nets will be ‘reformed’ to free up money to pay that debt.
Also, keep in mind the money in the social security trust fund is not there either. The government uses the surplus to bolster its books. They put IOU’s in the trust fund, instead of actual money – so those funds will also have to be replenished greatly as the boomers retire.
Folks, listen: It is going to get very, very bad before it begins to get better. If you don’t have your own financial house in order – and you are approaching your mid 40’s or so – please start now.
January 9th, 2008 at 2:08 pmI’m not sure I can make it through this upcoming year without them!
Not in a Presidential election I can’t. I just read the 1988 writer’s strike lasted 5 months.
January 9th, 2008 at 2:10 pmNasdaq down 9 days in a row (if it closes lower today).
January 9th, 2008 at 2:11 pmStratRat does that mean I better either sell my strat or start making money withit?
January 9th, 2008 at 2:11 pmI think it is funny that TV “news” shows invite these so called “experts” to spew their propaganda, whether it is about Iraq war, economy, religion, etc etc.
These people have a vested interest in the bullsh*t they spew.
They are PAID to say what they say.
How come no one calls them on that is beyond me.
January 9th, 2008 at 2:12 pmWhat recession. I don’t see it. I am doing very fine and so are my neighbors.
Comment by Daryll — January 9, 2008 @ 1:36 pm
You didn’t see poverty or topless girls at beaches at Brazil, un Darryll?
I fear your problem is the one of Stevie Wonder.
January 9th, 2008 at 2:12 pmStratRat does that mean I better either sell my strat or start making money withit?
Comment by the Lone Voice of Reason
Either/or will do just fine. I would prefer you keep it and bring cool music to the world. We need it now, more than ever. Play it loud, play it proud.
Depending on the vintage, you might be surprised how much they go for on the collector market.
January 9th, 2008 at 2:14 pmGood advice StratRat, I tell the band I’m not quitting.
January 9th, 2008 at 2:16 pmSince when has GWBush cared about the economy? Since when? So now when approached and asked all he could say is ‘the economy is sound and strong?’ Before that his reaction was ‘economy? what economy?’ He much rather keep dumping billions into a failed war with no end on sight! GW Bush neither cares nor represents the interests of the American people. What will it take for americans to get off their couches turn off the damn dvd players and start PARTICIPATING in recovering their nation? What will it take? As far as I’m concerned the idiot freak Bush is trying to CRASH the economy! Chaos will shock the nation paving the way for ORDER. Order out of chaos. That’s what the Bush&Co agenda is all about. Wake up America and SMELL THE DAMN COFFEE!!!!!!!!!!!!!!!
January 9th, 2008 at 2:17 pmThe problem with this whole mess is that the only reason they are telling us things are not that bad is because it hurts them politically. Just the idea of a FOX Business Channel is sick. If the economic climate is politically bad for their side, THEY WON’T BE HONEST. And any businessman who makes a personal or business financial decision based on information from FOX is the stupidest businessman in the world.
January 9th, 2008 at 2:18 pmI’m guessing a strat is a stratocaster guitar.
January 9th, 2008 at 2:18 pmIf we “talk down†the economy enough and slip into recession, it will be the most predicted one in history. History reminds us that smarty-pants economic prognosticators have predicted about 90-100 of the last 10 recessions.
Comment by good_golly
goon_golly thinks that we will create a recession just by talking about it. It doesn’t matter that we have a crisis in our housing industry, anemic job growth and what job growth there is comprises low-paying service jobs, the dollar is in free fall and gasoline has gone over $100 a barrel. Sounds like a booming economy to me.
I live in Oregon, in a fairly wealthy town. Everyone I talk to is having a hard time making ends meet and know we are in a recession. If the financial underpinnings aren’t there for a recession, there is no way we can “talk” our way into one.
January 9th, 2008 at 2:20 pmI’m guessing a strat is a stratocaster guitar.
Comment by lefty
Yes. Hopefully my older ones will help fund my retirement. It is very tough to actually ’save’ money these days. At least I find it hard to do.
January 9th, 2008 at 2:20 pmHow come no one calls them on that is beyond me.
WE ARE CALLING THEM ON IT.
January 9th, 2008 at 2:21 pmWhat I don’t understand is why society deems it immoral to sell one’s body but it’s perfectly acceptable if not encouraged to sell what comes out of your mouth for money. It’s who you are, your soul for sale.
Just the idea of a FOX Business Channel is sick. If the economic climate is politically bad for their side, THEY WON’T BE HONEST.
I think that people get that. I heard the other day that an average of 5,000 people tune in to FOX Business Channel a day. How pathetic is that!
January 9th, 2008 at 2:21 pmA recession! How wonderful! Another great triumph of the Chimp. Chimpy can take great pride in his administration’s official policy of deregulating the hedge fund industry and adopting a hands-off policy, which began the housing market slide.
January 9th, 2008 at 2:22 pmAs far as I’m concerned the idiot freak Bush is trying to CRASH the economy! Chaos will shock the nation paving the way for ORDER. Order out of chaos. That’s what the Bush&Co agenda is all about. Wake up America and SMELL THE DAMN COFFEE!!!!!!!!!!!!!!!
Comment by AmandaBlow
A few years ago, I would have laughed in your face for saying something like this, but not anymore. I have no idea what agenda Bush and the Neocons have in mind. I do know it is not good for me or my country, that is for sure.
January 9th, 2008 at 2:22 pmGood advice StratRat, I tell the band I’m not quitting.
Comment by the Lone Voice of Reason — January 9, 2008 @ 2:16 pm
We’ll need good music to help us get through this just as we sorely need comedy! Rock on!
January 9th, 2008 at 2:24 pmMost players I know have sold an old guitar or amp they regret having gotten rid of.
January 9th, 2008 at 2:24 pmAmandablow, it takes guts to have posted that. Whevever I post something like that I hear “nut case alert” and stuff like that, but some of the things that Bush has done defies logic. It really seems like he is trying to destroy us.
January 9th, 2008 at 2:24 pmThis sort of reminds me of the Enron debacle. It is reminiscent of Ken Lay speaking to Enron employees telling them to buy more stock in the company because things are going so well. When in fact, the floor was about to fall out under their feet.
It feels like Bush & Co. are trying to pull the same thing on the entire country. Luckily, their lies have become so transparent, they have become easy to see coming.
January 9th, 2008 at 2:29 pmComment by AmandaBlow
The AEI/Heritage types have actually all but said so. The only way for them to totally dismantle the New Deal is to reduce the economy to rubble, then and only then could they argue for the radical moves they have long wanted to make.
January 9th, 2008 at 2:30 pmIt feels like Bush & Co. are trying to pull the same thing on the entire country.
BINGO!
January 9th, 2008 at 2:30 pmLet’s see… a lot of talk about recession, but what about inflation?
Gas: $3 + a gallon
Milk: $3 + a gallon
Bread: over $1 a loaf
I went to the store the other day to get a few things for dinner at my local Krogers. I buy just about everything that is Kroger plus, so i see a little savings there. But it costed me over $50 to buy the same amount of groceries I could have spent $30 on 6-7 years ago.
face it, inflation is up to, and it will only get worse.
January 9th, 2008 at 2:30 pmMost players I know have sold an old guitar or amp they regret having gotten rid of.
Comment by lefty
Yep. You are right. I remember joe perry (aerosmith) selling all his vintage instruments when he was on drugs in the late 70’s – early 80’s. After he cleaned up and aerosmith got a record deal with Geffen, he went back and tried to buy them all back again – at widly inflated prices because those guitars meant so much to him. Another addiction, almost.
January 9th, 2008 at 2:31 pmOn the other side of my backyard is a polling station, the biggest in my little town. I stood and played songs for everyone to hear,such as, 4 dead in Ohio, Keep on rockin’ the free world, Come on People. You get the Idea
January 9th, 2008 at 2:32 pmYou get the Idea
Comment by the Lone Voice of Reason
I love the idea!
January 9th, 2008 at 2:35 pmThis trashing of the economy is INTENTIONAL. It’s no different than when Bushco. looked the other way when they knew Bin Ladin was coming.
After the stock market collapses gets ready for the ECONOMIC SHOCK.
I’m sure there’s a Patriot Act type plan that they’ll pull out immediately after the economy collapses. But this plan will be designed to rape what little wealth is left from the citizens.
And the only one who will vote against it is Kucinich. (Because he’ll read it)
But it’s coming. Book it.
January 9th, 2008 at 2:39 pmThe stewards of this economy are not concerned about you or me. They are only concerned about their own portfolios and bonuses. Anyone who tells you that they have any concern whatsoever for us is either a fool or a propagandist.
January 9th, 2008 at 2:40 pmComment by citizen_pain — January 9, 2008 @ 2:30 pm
I’d say more than the numbers you gave.
Back in 2002, I would go to the store for myself, to pick up groceries. I’d pick up 4 bags full, enough to feed me for 2 weeks. During that time, I’d end up spending, oh, $20 or so for all of that. I didn’t eat like a king, but I ate well. Now, I find fruits getting to the point that I can’t get my fill of them, milk’s out-freaking rageous, and pizza, my staple food, is to the point that I have to choose between quality and price. My body rebelled, so I’m now paying $40 a WEEK for food. I did move to Colorado, yes, but the prices were not that bad when we first moved up here. It was only after the Iraq war that prices got really bad.
2003, gas was on the cheaper side of $1.50 a gallon. Today, I’m seeing $3.00+ a gallon for gas all over the place. Congrats, Dubya. We have forgone a car because of this.
*sigh* I am not yet ready to say Great Depression of the 21st Century, but god damn it, if we put any of the Republican Ticket in office in 2009, I don’t think even escaping to JAPAN will save us.
January 9th, 2008 at 2:44 pmYeah, I know the feeling of regret over selling old guitars. In the 1980s, I was in desperate economic straits and in addition to having to sell my entire coin collection and some vintage cars, I sold a 1960s Gibson Les Paul Junior, a 1962 Gibson ES 335, a 1964 Fender Telecaster, a 1950s Epiphone Broadway jazz box, a 1969 Marshall 100 watt stack, a 1960s Fender Princeton, and my 1960s Sunn stack. I wish I had them today and I’d hate to have to try to buy them back and today’s prices. But now I’ve gone acoustic, playing nylon string guitars on acoustic amps so there’s some consolation in that.
January 9th, 2008 at 2:45 pmThe stewards of the economy are also stewards of the earth, and not doing well there either.
January 9th, 2008 at 2:45 pmHell, guys – it’s working in Iraq – why shouldn’t that chaos business work HERE…?
January 9th, 2008 at 2:45 pmWhat recession. I don’t see it. I am doing very fine and so are my neighbors.
Comment by Daryll — January 9, 2008 @ 1:36 pm
I sat in my house overlooking the beach. My company was doing well. We outsourced 2/3rds of the manufacturing to China. (I did not notice the water going up the beach and rushing against the hill upon which my house was built.)
I sat on the porch looking out at the water. My company was doing great. I cut engineering costs in half by outsourcing most of the engineering to India. (I did not see the water starting to erode the base of the hill upon which my house sat.)
I worked in the kitchen using all of the new gadgets that I bought at Walmart. It saved me so much money even though the Chinese government loaned the US to cover the trade deficit caused by my purchase. (I did not hear the sound of the tide rushing in against the base of my house.)
Now I sit on the sidewalk begging for money. You see, that Indian firm ended up with a better engineered product than I produced. I no longer had the engineering skill to complete. I lost my company. Then I lost my health insurance. The government tells me it is my fault that I no longer have coverage and that with the balance of payments issue that medicaid is being disbanded.
I look back to those days of living in my house on the beach. I was doin well and so were my neighbors.
January 9th, 2008 at 2:46 pmWell, I guess you guys should color me clueless ’cause I thought we were already in a recesssion.
January 9th, 2008 at 2:48 pmTaking it easy is getting harder everyday.
Hey Stratrat & Lone Voice of Reason…I’ve been sitting on a barely used 200W V4-B Ampeg Bass amp for nearly 35 years…time to sell?
January 9th, 2008 at 2:50 pmOutstanding JOHR
January 9th, 2008 at 2:51 pmPaulson: “the economy’s going to continue to grow.”
Yup, gas prices are predicted to be around 4 bucks by spring and 15 dogs are fighting over the one bowl of dog food.
January 9th, 2008 at 2:52 pmHey Stratrat & Lone Voice of Reason…I’ve been sitting on a barely used 200W V4-B Ampeg Bass amp for nearly 35 years…time to sell?
Comment by Zimzone I would say it was time to play.
January 9th, 2008 at 2:53 pm“But thank sweet baby Jeebus we have Stewart and Colbert back, writers or no writers.
Comment by lefty — January 9, 2008 @ 1:53 pm’
Yes, the source of news for most young people who like to bash Fox news for not being news.
Hypocrites.
January 9th, 2008 at 2:54 pmComment by Zimzone I would say it was time to play.
-Comment by the Lone Voice of Reason
Good answer, except I’m not a bassist.
Starve a Bush, I feel for you. My God, that sounds like some very nice equipment & guitars you had to sell…very, very nice.
January 9th, 2008 at 2:55 pmYes, the source of news for most young people who like to bash Fox news for not being news.
Hypocrites.
Comment by gitrdone One big difference between the two sources is that the “stoned slackers” have it right and the Fox people more short sighted.
January 9th, 2008 at 2:57 pmHumor gitrdone, he has none.
January 9th, 2008 at 2:59 pmHey Stratrat & Lone Voice of Reason…I’ve been sitting on a barely used 200W V4-B Ampeg Bass amp for nearly 35 years…time to sell?
Comment by Zimzone
I called a guy at a vintage shop here in SoCal and he said depending on the condition and stuff, probably expect to get about $1,000.00 for it. That doesn’t sound like a lot, but if you need the $$$, you do what you gotta do.
January 9th, 2008 at 3:01 pmHey gitrdone, I don’t normally do this because I don’t do other peoples research but here you go.
January 9th, 2008 at 3:04 pmHey where did my link go?
January 9th, 2008 at 3:04 pmDid anyone else hear some yahoo just come into the room bleating about hypocrites and somehow equating Faux snooze with Stewart and Colbert, you know, a supposed news station vs. a couple of tv comedy shows?
I hadn’t realized that Faux snooze was actually a PARODY of a news channel! NOW I get it!
January 9th, 2008 at 3:05 pmHey where did my link go?
Comment by the Lone Voice of Reason
That’s what I was wondering :)
January 9th, 2008 at 3:05 pmhttp://www.cnn.com/2004/SHOWBIZ/TV/09/28/comedy.politics/
January 9th, 2008 at 3:06 pm72, Stratrat,
January 9th, 2008 at 3:10 pmThanks! Wow, that’s certainly appreciated from the original price.
I have an old Ampeg bass amp with the flip-top tubes and circuitry. It’s actually great for guitars but the damn thing isn’t grounded.
January 9th, 2008 at 3:19 pmYes, the source of news for most young people who like to bash Fox news for not being news.
Um, I get my news from the internets, moron. And so do the kids. The Daily Show just puts it all in perspective. And the crucial difference is that the goal of the Daily Show is to make people laugh, not report news. Daily Show viewers are SMART, not stupid. FOX is government propaganda, not “news”.
There is no news anymore. There is only corporate lies and word of mouth.
January 9th, 2008 at 3:22 pmComment by Starve-A-Bush_Feed-A-Beaver
Dude you just rattled off all my favorite guitars. I’m sorry you had to sell them. Jeez.
January 9th, 2008 at 4:15 pmDo you ever think maybe the administration wants to deny a looming recession is not to scare people from spending money in the first place?
Think about it, this housing problem is a farce, it’s mostly played out in the media. 98% of people still pay their mortgages!
The media is a very powerful influence and as a result of all the negativity, people take it to heart and stop consuming.
January 9th, 2008 at 4:16 pm98% of people still pay their mortgages!
The media is a very powerful influence and as a result of all the negativity, people take it to heart and stop consuming.
Comment by gitrdone — January 9, 2008 @ 4:16 pm
Lies, all lies. You’re a fool and a tool. and we should slow our consumption down as much as possible, to preserve some of the earth for our grandchildren, and to stop the runaway train of piggish, extreme capitalism, which has become an earth-destroying disease. A few years of modest growth will even the palying field, and drive the greed-mongers out.
January 10th, 2008 at 12:26 amWe are ridiculous pigs in this country.