Michael Fitzsimmons

Wall Street Breakfast: Must-Know News

oops, that should have been "Rachael", my apologies.

Wall Street Breakfast: Must-Know News

Rachel Rachel - big spending Obama?? Where were the headlines like this when Bush was doubling the US fiscal debt? Not only don't we have anything to show for all Bush's spending, the doubling of the debt doesn't even take into account the wars in Iraq and Afghanistan nor the Paulsen/Bernanke bailout. Bush was the biggest deficit spending President in the history of the nation, despite Rush Limbaugh's spin on the matter or his constant labelling of "big spending liberals". It was Bush that put this country in debt, not Obama. Obama has the unenvious job of trying to dig us out of the Bush induced financial disaster.

Wall Street Breakfast: Must-Know News

S&P also slapped AAA ratings on toxic sub-prime re-packaged paper....

Monday, November 24: Week in Review

the CNBC hosts and commentators you speak of have a very precise agenda: concentrate wealth amongst the most well connected, and gut the American middle class. as you mentioned, GE (which owns CNBC) has seen a huge decline in stock market value under george bush, yet joe kernen and larry "goldilocks" kudlow still gush their support for bush and hourly discredit democrats and clinton (under which GE, the middle class, and the markets thrived). also, since GE builds the turbines for pickens' plan, why did GE initially refuse to run pickens' ad about cars in oil exporter countries such as brazil and iran being converted to run on natural gas? i can't even watch CNBC any more. along with bush, CNBC, FOX, and the WSJ must share in the responsibility for moving the US from a democratic capitalistic country to out-and-out fascism. it's disgraceful, but media is power, and the very few are using this power to concentrate wealth into their own hands at the expense of hard working american taxpayers. in itself, this is not very surprising. what is surprising is the American electorate's refusal to understand what is happening, rebel, and take action to prevent it. obama is a step in the right direction..i can only hope we don't experience JFK part 2. yes, i am a cynic...how can any thinking person watch what has happened to the US over the past 8 years not be?

Wall Street Breakfast: Must-Know News

the only way you'll see oil at $30/barrel is if the financial crisis leads to a total meltdown and the stock market crash another 50% down. of course, with the steps the current bush administration is taking bailing out their friends instead of the economy, this is entirely possible.

Government Bailouts Multiply as Paulson Prepares to Leave Washington

nice article edward. i like to call it buy it's real name: fascism. or at least "socialism for the rich". i think now people are beginning to understand why europeans held up pictures of hitler when bush visited their continent. you knew this was going to be a disaster for the american people when the paulsen and bernanke went to congress with the initial unconstitutional requests for billions of dollars to "spend" (give-away might be a better word...) as they saw fit. no taxpayer protection, no guidelines, just give us the money they said. naomi klein (author of Shock Doctrine) recently had a great article in Rolling Stone magazine about how the Bushies are using yet another shock (Iraq, Katrina, etc. etc) to bilk the US taxpayer out of their hard earned dollars:

www.boingboing.net/200...

note the person they put in charge of the bailout out, Reuben Jeffrey III, is the same guy that lorded over Bremer;s "Coalition Provisional Authority" in Baghdad. some government officials (not many....) are still trying to find billions of dollars which mr. jeffrey handed out over there.

this is the main reason i contend bush is not, and never has been, a "conservative republican". fiscal discipline, long a tightly held belief of conservative republicans, is not an adjective that describes bush. yet, if you pay rush limbaugh and larry kudlow and the other hacks on CNBC enough money they will brainwash Americans into thinking bush IS a conservative republican. he is not. he is a fascist. and the US will be lucky to have survive his 8 years as "king george". how on earth the US dollar can be strong right now i have no idea. as jim rogers said in an interview the other day: "this is insanity. did they learn nothing from japan? this is the biggest transfer of wealth in history from the competent (the US tax-payer) to the incompetent (the Wall Streeters, bankers, insurance, and auto execs). captitalism isn't supposed to work that way. we are propping up institutions that should fail, just as japan did. it didn't work for them, it won't work for us. we have 9,000 banks...some of them need to fail, instead we are giving money to them which will go into the pockets of the executives who lent money irresponsibly". go figure. i am not surprised. but then again, after 8 years of bush, i am the biggest cynic on "capitalism" in the world today.