Economists Warn of Another Market Close to Collapse

Filed in National by on September 22, 2008

Now, this is a crisis!

Economists Warn Anti-Bush Merchandise Market Close To Collapse

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"You don't make progress by standing on the sidelines, whimpering and complaining. You make progress by implementing ideas." -Shirley Chisholm

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  1. anonone says:
    September 22, 2008 at 9:25 pm

    This is rich. The repubs turned us into a second rate power ready to be blackmailed and pushed around by the Chinese. Nice going “party of national security”:

    “China’s President Hu Jintao has now explicitly linked his country’s readiness to show good cooperation in resolving the US financial crisis to the question of Taiwan.

    Beijing’s official Xinhua news agency reported today that Hu and Pres. Bush conferred thusly about the crisis yesterday evening (Washington time):

    Bush briefed Hu on the latest development of the U.S. financial market, saying his government was well aware of the scope of the problem, and had taken and would continue to take necessary measures to stabilize the domestic and world financial markets.

    Hu [said he] hoped the measures would soon take effect and lead to a gradual recovery of the financial market, which he said not only serves the interests of the United States, but also those of China, and benefits the stability of the world financial market and the sound development of the world economy.

    … He said China is ready to work with the U.S. side to intensify dialogue, exchanges and cooperation, and properly handle issues concerning mutual interests and of major concern, particularly the Taiwan question, in a bid to push forward the sustained and steady development of the Sino-U.S. constructive and cooperative ties.

    How long do you think Hu has been waiting for the moment he had Bush by the balls?

    When you come begging to your banker, you’ve got to expect him to issue demands, I guess.”

    From http://emptywheel.firedoglake.com

  2. Unstable Isotope says:
    September 22, 2008 at 10:45 pm

    I’ve been saying this for a while to people I know. Allowing so much debt to be built up to foreign powers will be our downfall. There’s not a damn thing we can do if they decide to call in our debt.

  3. Not Brian says:
    September 22, 2008 at 10:54 pm

    For your amusement….

  4. liberalgeek says:
    September 22, 2008 at 10:56 pm

    NB – that is great.

  5. Not Brian says:
    September 22, 2008 at 11:29 pm

    Well, then try this…

  6. liberalgeek says:
    September 22, 2008 at 11:32 pm

    2 for 2.

  7. Not Brian says:
    September 22, 2008 at 11:34 pm

    🙂

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