JenniDahling

Are you tuning in? What do you predict he'll be saying?

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seeric

if his mouth is open chances are he's lyin. LOL.

j/k

Webby

Just saw the first few minutes of it - and sure - you are 100% correct

The idiot lied yet again trying to say the economy is booming and a priority is balancing the federal budget - fat chance! *lol*

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seeric

you can tell everytime cheney smirks. notice his face has been one giant smirk this entire speech so far.

Splum

The economy is booming... in the USA. Stock market is at an all time high, oil prices are down, unemployment is low, etc. I dont know what its like down in that third world cesspool of shit you live in, sa'matter the banana prices too high?

Spudstr

Well with his opening word.. "i'm the first to ever say.. Madam Speaker"..

thats is Hilary just won the next term. the place went nuts when he said that.

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tony286

The highest foreclosure rate ever and one of the highest highest debt ratios,yep things are great lol

Storm_Tracker

ATEST PRIVATE PUBLISHED
DEMOCRATIC PARTY POLL

Poll Taken Jan.15-18/07
Gore 59%
Edwards 10%
Clinton 15%
Kerry 4%
Obama 10%
Biden 2%

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Webby

Kinda hard keeping a straight face watching the swamp frog sitting behind him being a smartass ;-)

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notabook

Ugh... I'd rather vote for Bill Richardson than Gore

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Splum

Thats because too many of your socialist welfare blood sucking friends cant control their own spending and need more entitlements. Pay your bills loser.

crockett

Webb just owned Bush's ass in his follow up.. I wonder if thios was testing ground to see if the Dem's want to run Webb as pres or vp.

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Splum

http://www.cnn.com/2007/POLITICS/01/...ipt/index.html

Haha I hope they run him as a VP, the Republicans have a LOCK on 2008 as it is that will just cement it.

crockett

Actually I really wish they would run Sen Bill Nelson.. That guy would actually help our country.

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StickyGreen

Hillary Clinton will never be President...

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scotty2hotty1111

.............

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GT-Omar

Most likely the same things he was saying back in 2000.

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travelingmike

I wonder what it must be like to be so delusional

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dodger21

He'll probably discuss my massive cock.

BTW, women? Politics? Isn't there some cooking show or something you should be watching?

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Splum

Just look in the mirror

pocketkangaroo

The economy is pretty good right now for citizens, not sure what data you guys are working from.

SPACE GLIDER

What CAN he say really? He can only say things to piss most people off, because he certainly can't say anything to make anyone feel good

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Webby

OK Splum - I'll try and answer you with some reality which extends to far more than silly political leanings...

Five major factors supercede all employment figures, stock markets et al....

(a) The housing bubble has bust. Over a longer time, US home prices over the last half of the 20th century was less than 3% per annum, net of inflation. This was actually fine and blended with average costs and population increases.

Ending 2005 we saw high levels of purported value of home increase values which was certainly not due to increased income generation, but more related to loose financial market conditions and sheer exuberance based on nothing. The result is a substatial increase in foreclosures (around 43%) and further increases predicted during this year.

(b) "OilFlation". The US has produced about 3% of it's own oil consumption while consuming 25% of the planet's oil production. Private vehicles within the US consume 50% of this volume. For a nation with only 5% of the world's population to consume 25% of world oil production is totally unsustainable. Tho there will be fluctuations on oil markets - this matters little when viewing the overall problem within the US economy.

(c) The Sea of Debt. To put it another way - "Never have so many spent so much and saved so little". When a nation spends 160% of it's wage packet and relies on perceived values in home equity and an increasing number of credit cards to sustain a lifestyle which has never been earned - there are problems.

In fact, the proclaimed US economic recovery since 2001 has been largely dependent on IOU's. The last three years has produced shop-happy consumers under the illusion of vastly increased home equity and heading towards living beyond their means. Good while it lasts, - but even the best sprees cannot go on forever.

(d) Plunging Current Account Deficit. This is now at unprecedented depths. This element is easy to blame on politicians etc, but is really a measure of how much extra US customers are purchasing from foreign sources. Imported energy alone now accounts for 25% of this deficit.

The US manufacturing sector now represents only 10% of total US economic activity. This scary stat leaves no doubt that the US is unable to export itself out of this deficit. The result is a huge global imbalance which is unsustainable.

(e) The Shrinking Dollar. Historically global trade imbalances have been corrected by devaluation of the debtors currency. The US trade deficit over the last few years has already resulted in significant appreciation of the Euro, GBP and Canadian dollar - and yet the US deficit has only worsened.

US money outflows have been rapidly increasing and now nearing $700 billion/year. How long can that last? As long as the Fed Reserve keeps cranking out IOU's. But, we have already reached a level where foreign govt's are acknowledging US currency is being debased and Mr Loan Manager is getting more stringent in his terms. There is an alternative for the Loan Manager - take gold bullion in lieu of more questionable US Treasuries - and that is happening.

While still being sustained by IOU's, consumption of foreign product continues and this is being paid for with a weak dollar.... more unsustainabilty.

That's the brief version - not got time for the long one, but bottom line - it's only a matter of time and the clock started ticking a while back.

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spanky part 2

Yep, he's brilliant this one. Oil prices were going down, so this asshole decides to double our strategic oil reserves, now oil prices jumped almost 3 dollars.

He said terrorist or terror 21 times tonight. He's a fool, you're a fool, and all those that think the economy is rocking are idiots too.

Bernanke warns of 'vicious cycle' in deficits
http://www.msnbc.msn.com/id/16688089

stickyfingerz

Housing bubble has busted? Why didnt someone tell me.. My house is appraised at over 70k compared to what I paid for it, and an identical house around the corner just sold for that price less than 2 months ago. Someone should of told the new owners of that house, they got ripped off...

stickyfingerz

Gas in my area is 2.01 right now. btw oil prices jumped to 3.00? You mean Gas?

pocketkangaroo

Housing bubble hasn't burst here in Chicago. Prices are still stupid expensive.

ClubAdultDesign

OWNED? YOU FUCKING RETARD

You. Fucking. Retard.

Jim Webb is a tool for the Bush Administration. Spewing scripted nonsense he cares nothing about.

https://youtube.com/watch?v=ifdflCzL-ZY

"This is a question that can be answered either very briefly or through written testimony" - Jim Webb to Condoleezza Rice on C-SPAN last week

Translation:

"Don't feel obligated to answer hard hitting questions" - Jim Webb to Condoleezza Rice on C-SPAN last week

Splum

Most of us dont work at fast food resteraunts like you do. Look I realize its tough being poor but go out and get an education and yes maybe you too can find the American dream that most of us normal people are living.

ClubAdultDesign

Condi-skeeza Rice

Splum

Gloom and doom! You sound worse than Microsoft dude. Its only a matter of time until.... guess what... NOTHING FUCKING HAPPENS AND THE USA STILL REMAINS NUMBER ONE COUNTRY IN THE WORLD. *Gasp*

Sorry Webby lay off the DailyKos.com email talking points.

pocketkangaroo

The same Jim Webb who got into a verbal altercation with George Bush the other day? The same Jim Webb who has trashed the Bush administration throughout his campaign?

Webby

Hence the reason for that 40%+ in foreclosures and rapidly rising... Sure there are areas where prices have been held, tho overall this is not good news.

Another odd stat... and this was part of the US Treasury Report for.. think 2002. At that time total indebtedness was estimated to be equal to 94% of all home values in the US - and included the contents within these homes. Since 2002, that situation has become far worse and, who knows, but probably in a deficit condition now.

Home values are not anywhere near the ability of folks to pay for homes - again, probably part of the reason that the nation spends 160% of it's wage bill.

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RawAlex

When it comes to the economy, Bush fails to point out that it is "booming" because the exchange rate between the dollar and most major currencies has shifted so far in the last few years... It is a sort of inverse bubble.

ClubAdultDesign

Jim Webb is a good guy, I'm just stirring up GFY drama.

Webby

Is that all you have to offer??? DUH??

You seriously need to read more and get a clue. A good start is the US govt's annual reports and several publications from those who specialize in this area. Try Dr Robert Shiller's book titled "Irrational Exuberance" - something you are clearly suffering from

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Pleasurepays

the only time a politician isn't lying is when they are accusing opponents of lying.

pocketkangaroo

Just to clarify, it is a 40% increase since 2005, not 40% foreclosure rate. Foreclosure rates in the US are still well under 1% of households.

Splum

I have statistics and facts you will never understand or have for that matter... boots on the ground. I live in one of the "worst economic states" in this union and we have an abundance of luxuries most people in this world will NEVER have.

I own my home, I own several vehicles, I have hundreds of thousands of dollars stockpiled away and yet I dont have a formal college education. I would say that the USA in the last 10 years(7 of those years under George Bush) has been very good to people like me who WORK for a living instead of waiting for entitlements from the govt or the rich.

I dont care about the dude that is 30ish years old still working at Mcdonalds spending his minimum wage on weed, he deserves to live in relative poverty. Even then the beauty of America is that dude will get better health care, more food and live longer than most of the people in other countries on this planet.

CyberHustler

Webby

It was never about you

The subject was the economic condition of the US tho since you were never educated it's fair to let you ramble over personal experiences and express personal opinions which mean nothing.

Audited accounts and qualified opinion are more relevant than those from one of the victims of "irrational exuberance", but thanks for the weak attempt at intelligent conversation

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Splum

You mean qualified opinions like these people?

U.S. economy will easily skirt recession - Consumer spending will offset housing slump, economists predict
http://www.msnbc.msn.com/id/16774232/

U.S. Economy: Leading Indicators Signal Faster Growth
http://www.bloomberg.com/apps/news?p...l.Y&refer=home

Look I realize down there in the land of tax evaders, cp vendors and internet criminals that its hard for you to get solid information that supports your hatred for the United States but surely you can do better than one book?

Webby

OK.. Looked at the first link you suggested - then gave up. The US economy never did rely on a Reuters poll. It relies on fact.

Try checking out the total deficit on the last five years of Treasury Reports instead of grabbing a load of links that suit your case from the net. That is called qualified opinion - try it sometime.

Are you suggesting Robert Shiller writes a load of crap about "US hatred" next?? Sheesh, you are one sicko.. Gimme a break idiot

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Webby

I think Splum should be the next person to dump in the US Treasury - the command of economics is awesome and a sure fire winner

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crockett

Idiots whom have to type in font 10 times too big to get their point across normally have no clue what they are talking about.

Did I say anything about how cool Web was or that I think he's better than sliced bread? No you fucking moron I said he owned fucking George Bush tonight.

Now go back to crying about not having enough bling to buy a $1k .org domain and leave us grown ups alone.

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Splum

My first act would be to send the IRS down to Costa Rica to reel in all those evaders down there.

Webby

Hehe.. Well... that sounds good!

Only problem is, least as far as I know among the US community, there are not many tax evaders. It's also a pity the IRS has no authority here and the courts will not accept attempts at legal activity since this is not an offense.

As I said, you really do belong in the Treasury my man

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spanky part 2

If you re-read my post, I said OIL went UP $3 a barrel, as soon as he announced the buying for the oil reserve. Let them eat cake, I guess.

spanky part 2

Don't worry about me. I make more money with my photography in a day, than you make doing whatever you do,in a month. The only reason I come here, is for the fun of pissing off idiots like you. I got out of this biz years ago.

Webby

PS ... True story which happened about two years ago.

Two IRS agents arrived to try and present extradition papers re a US citizen. The court wanted to hear what they had to say and prior to listening, wanted both to present their credentials (passport/ID/IRS creds etc).

During this examination of their papers, it turns out the passports were not the same one's they used to enter the country (duh??). Offense number one. Then, further checking... it turns out they used the same false passports to open serveral bank accounts in different names. (duh? duh?) This is a criminal offense number two.

The court ordered further enquiries into their activities since entering the country and meantime, they were permitted to walk. Both of them then skipped the country and back to the US. The court then issued arrest warrants for both of them if they ever set foot in the country again.

A month or so later, a newspaper caught up with one of the agents back in the US, a woman. She was asked, "Why did you open bank accounts using a false passport and fake ID?" Reply.. "I did not know it was illegal"

Wonder if they are still employed by the IRS?

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