Text 12828, 103 rader
Skriven 2010-04-24 18:33:00 av WAYNE CHIRNSIDE (1:123/140)
     Kommentar till en text av ROSS CASSELL
Ärende: Re: GM
==============
-=> ROSS CASSELL wrote to ROSS SAUER <=-

 RC> Hello Ross!

 RC> 23 Apr 10 23:46, you wrote to WAYNE CHIRNSIDE:

 RS> decl...err...the Dow has hit 11,000 now for the first time in 5 years.

 RC> The DOW hit higher peaks during so and so's administration, which didnt
 RC> impress your Democrats..

Because that peak was caused by the merging of banks with investment groups 
and derivatives, AND under so and so's administration the economy CRASHED
and BURNED due to the repeal of Glass Steagall introduced to Congress
by a Republican Congressman from Texas.

Derivatives were fraudulently represented as having value they did not have.

Mind you Bill Clinton bears some responsibility for not vetoing the 
repeal of Glass Steagall due to bad advice from his finanacial advisors.

Something Bill Clinton has admitted to BTW.

 RC> Why would it impress you now, oops thats right, partisanship.

I'm critical of *individuals* of either party.

Blind partisanship is just that, BLIND.

Something else I'm critical of Clinton?

Deploying the Robust Earth Penetrater a nuke designed to burrow underground
that was of dubious value also creates the very worst of fallout  great many
times that an air burst.

Something critical of Obama?

His proposal to put conventional warheads on on ICBM's, the so called "fast
response"
weapon.

Now how is any nervous nuclear capable nation to know which sort of warhead is
on
that ICBM?

You've anywhere from 10 to 50 minutes to respond while tracking that incoming
ICBM so does the recipient just await its arrival to see what sort it is or
counter attack with a nuclear tipped ICBM?

The conventional wisdom is to respond BEFORE hit lest that destroy ones
ability to respond.

The EMP from a nuke detonated in the atmosphere alone is enough to
disable much of any sort of response.

This is gambling of the most deadly kind with worldwide consequences
should such a launch of a conventional weapon atop a ICBM be taken for
a nuclear tipped ICBM.

Expensive too, why not just send twenty conventionally tipped cruise missles
instead flying under the radar from either submarines or surface vessel ships
we've positioned the world over?

We've already DONE that and without retaliation in kind.

BTW Rumsfeld first proposed this however after discussing it with Russians
they reversed themselves and so and so's administration did NOT impliment it.

You might also investigate Congressionally passed "supplimental funding"
something on the order of 750 billion passed by the so and so administration
as these aren't even recorded on the books as regards to calculating the
national
deficit.

The Dow at 14,000 was the result of accounting fraud on a massive scale.

What happpened under so and so?
Early on Enron and WorldCom then the collapse of Wall Street and the TARP
bailout
legislation.

While now under the Barack Hussein Obama administration the Dow at 11,000
more accurately reflects the true status of the American economy rather
than the cooked books we saw in the previous administration.

Even that improvement is tenuous and subject to reversal should
the financial reform of Wall Street and combination large bank - investment
firms not be addressed properly and implimented.

Just reimplimenting Glass Steagall would be a huge buffer against the abuses
that took place under so and so just as it had worked from the 1930's
until 1999 when it was repealed under legislation introduced by a Republican
Congressman from Texas.

Glass Steagall WORKED for near 70 years.
After its repeal Enron and WorldCom failed in two years with the rest of the
economy
following 5 years later in 2007.


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