I wonder how William Kristol would appreciate being hauled off to the Hague to be charged for International War Crimes for starting a War in Iraq based on lies. It would be justice to see William Kristol, Richard Perle, Paul Wolfowitz, Donald Rumsfeld, other members of the PNAC and the Ahole Dick Cheney all sentenced to death for their complicity in starting a war in Iraq on known lies.

rastaman Says:
AFTER THIS SUCKER’S RALLY STOPS AND THE DOW HEADS SOUTH TO 5,000/4,000

Doubtful. Keep in mind that the market is NOT the economy. The market has already been though it’s panic mode, and it’s coming out of that. It’s WAY down right now and coming back up. The funny thing is that it’s coming up on BAD news. It’s just that the bad news we’re hearing now isn’t as bad as the news we heard last month, so in the weird world of market forces, that is “GOOD” news. Make no mistake; THERE HAS BEEN NO TURN AROUND IN THE ECONOMY YET. The indicators are all still going down, inflation is still going up and jobs are still vanishing. It’s just that they are slowing, and they aren’t as bad as expected. They will continue to slow and then start getting better, but as far as the market is concerned, it can maintain it’s up-trend as long as the slide is slowing. Not as crappy bad news is good news. This up-trend may indeed continue. Some of that will seep into the actual economy and the two can feed off each other bringing about a real recovery. It may not happen, but saying it won’t happen or can’t happen shows a lack of understanding about the dynamics involved.

Yes, I trade stocks. I was making money while the market was dropping 40% last year so I know a teeny bit about what I’m saying.

A neocon admits he’s wrong? Has hell frozen over this morning? Are pigs flying?

Except he DIDN’T say he was wrong. He barely placed himself in the same group as “the republicans” who were “chortling”

His problem was not that he was wrong, but that he had no basis for making the accusation. He makes it sound like “Oops, we got that one wrong.” like it was totally justified at the time, but shucks.. them’s the breaks.

I suppose I ought to be shocked that he even went that far, but I don’t see this as an admission. Just a realization. He even qualifies it at the end by saying that even though the short-term looks good, the long-term is ‘worrisome’ as if to say “You say we were wrong, but give it time.”

The only thing that will make me feel good is if he is taken off the air, preferably in mid sentence.

Ed hardy clothes
Ed hardy clothes

rastaman Says:
AFTER THIS SUCKER’S RALLY STOPS AND THE DOW HEADS SOUTH TO 5,000/4,000

Have any lotto numbers, Miss Cleo?
May 10th, 2009 at 11:15 am Add Karma Recommend (2) | Report Abuse

Even though I am a registered Republican, I believe the Mr. Kristol should not have made the results of the market a partisan issue. But-I hate to agree with you-Rastaman is somewhat correct. The recent gains are false gains because many investors believed that most banks would be somewhat solvent and would not need more capital from the Government. For example, last Tuesday, it was leaked out that the Bank of American would need more capital. Bank of America informed investors and the Federal Reserve that they have the financial resources to cover their capital, which means that they would not have to raise funds to cover the capital needed to survive. This is why there were market gains. But, as of Thursday, the stress test proved that this was false. It also proved that there were 9 other banks, out of the 19 banks, that need more capital. Yet, based on this information, the increase in the unemployment rate, etc., there were still gains in the market. This is because investors are being duped into believing that everything is alright, when, in all actuality, the cards are falling. We still have a credit card bubble and corporate real estate default bubble that will burst by September. I am almost guaranteeing that the market will drop below 7000 by October. The market is gaining on false reports, cooked books and bad psychology. I hope I am wrong, but it will correct itself for the worst. Another large stimulus will be needed, which it will be extremely hard to receive support for another package from our officials and the populist. We still have a ways to go. Brace yourself and look to God to resolve are economic problems.

Because the rally is based on changes to banking rules where, suddenly, the toxic assets they needed to get off their balance sheets are back on because of Enron style valuing of formerly toxic assets.

I wouldn’t hold by breath on that bet, but I sure wish Kristol and his ilk will…all the way to hell.

====

Second, why does he still have a job?

Isn’t it time for Obama and his team to get up the nerve to stop playing politics

A fine one Kristol is to be talking about somebody else “playing politics”. That is all Kristol ever does. As for leadership, where was Kristol during the huge Bush leadership vacuum of the last 8 years?

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!