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	<title>Comments on: How bad is it?</title>
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		<title>By: &#8220;The State of the Economy: Pain Management or Redemptive Suffering?&#8221;</title>
		<link>http://pajamasmedia.com/rogerkimball/2008/11/23/how-bad-is-it/comment-page-1/#comment-8521</link>
		<dc:creator>&#8220;The State of the Economy: Pain Management or Redemptive Suffering?&#8221;</dc:creator>
		<pubDate>Thu, 18 Dec 2008 19:28:48 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/rogerkimball/?p=438#comment-8521</guid>
		<description>[...] sum up my feelings on this topic better than commentator Roger Kimball in his blog entitled &#8220;How Bad Is It?&#8221; The economy, I mean. The President-elect warns that “the worst is yet to come” and “millions [...]</description>
		<content:encoded><![CDATA[<p>[...] sum up my feelings on this topic better than commentator Roger Kimball in his blog entitled &#8220;How Bad Is It?&#8221; The economy, I mean. The President-elect warns that “the worst is yet to come” and “millions [...]</p>
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		<title>By: Roger&#8217;s Rules &#187; When &#8220;Bailout&#8221; means &#8220;Payback&#8221;: or, $14billion just to make it to the funeral?</title>
		<link>http://pajamasmedia.com/rogerkimball/2008/11/23/how-bad-is-it/comment-page-1/#comment-8328</link>
		<dc:creator>Roger&#8217;s Rules &#187; When &#8220;Bailout&#8221; means &#8220;Payback&#8221;: or, $14billion just to make it to the funeral?</dc:creator>
		<pubDate>Fri, 12 Dec 2008 13:41:38 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/rogerkimball/?p=438#comment-8328</guid>
		<description>[...] what do you know. As I wrote here a couple of weeks ago, the ailing auto industry is just the sort of thing that Chapter 11 was [...]</description>
		<content:encoded><![CDATA[<p>[...] what do you know. As I wrote here a couple of weeks ago, the ailing auto industry is just the sort of thing that Chapter 11 was [...]</p>
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		<title>By: AdrianS</title>
		<link>http://pajamasmedia.com/rogerkimball/2008/11/23/how-bad-is-it/comment-page-1/#comment-8058</link>
		<dc:creator>AdrianS</dc:creator>
		<pubDate>Fri, 28 Nov 2008 20:58:47 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/rogerkimball/?p=438#comment-8058</guid>
		<description>FYI (Share the News):

From American&#039;s Must Know - http://americamustknow.com/
11/25/2008

Cort Wrotnowski&#039;s case from Connecticut is now in the Supreme Court.  That&#039;s 3 cases in the Supreme Court Against Barack Obama!  

11/25/08 - After another battle with Mr. Bickell, the clerk that has a bad habit of obstructing justice,  Cort Wrotnowski, with the help of Leo Donofrio (attorney handling the New Jersey Case), appealed his case from Connecticut to the United States Supreme Court.  His case was docketed at 12:38 PM on 11/25/08 and Honorable Associate Justice, Ruth Bader Ginsburg will be looking at the case.

From Atlas Shrugs:
&quot;Also remember that on December 13, the Electoral College meets to casts its votes. If it has been determined that Mr. Obama is an illegal alien and therefore ineligible to become President of the United States, the Electors will be duty-bound to honor the Constitution.&quot;

http://www.earthfrisk.com/blog/?p=124</description>
		<content:encoded><![CDATA[<p>FYI (Share the News):</p>
<p>From American&#8217;s Must Know &#8211; <a href="http://americamustknow.com/" rel="nofollow">http://americamustknow.com/</a><br />
11/25/2008</p>
<p>Cort Wrotnowski&#8217;s case from Connecticut is now in the Supreme Court.  That&#8217;s 3 cases in the Supreme Court Against Barack Obama!  </p>
<p>11/25/08 &#8211; After another battle with Mr. Bickell, the clerk that has a bad habit of obstructing justice,  Cort Wrotnowski, with the help of Leo Donofrio (attorney handling the New Jersey Case), appealed his case from Connecticut to the United States Supreme Court.  His case was docketed at 12:38 PM on 11/25/08 and Honorable Associate Justice, Ruth Bader Ginsburg will be looking at the case.</p>
<p>From Atlas Shrugs:<br />
&#8220;Also remember that on December 13, the Electoral College meets to casts its votes. If it has been determined that Mr. Obama is an illegal alien and therefore ineligible to become President of the United States, the Electors will be duty-bound to honor the Constitution.&#8221;</p>
<p><a href="http://www.earthfrisk.com/blog/?p=124" rel="nofollow">http://www.earthfrisk.com/blog/?p=124</a></p>
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		<title>By: How bad is the economy? &#171; Jb&#8217;s Sanctuary</title>
		<link>http://pajamasmedia.com/rogerkimball/2008/11/23/how-bad-is-it/comment-page-1/#comment-8056</link>
		<dc:creator>How bad is the economy? &#171; Jb&#8217;s Sanctuary</dc:creator>
		<pubDate>Fri, 28 Nov 2008 17:21:04 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/rogerkimball/?p=438#comment-8056</guid>
		<description>[...] How bad is the&#160;economy? By JB  Roger Kimball has a pretty good article over a PJ media [...]</description>
		<content:encoded><![CDATA[<p>[...] How bad is the&nbsp;economy? By JB  Roger Kimball has a pretty good article over a PJ media [...]</p>
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		<title>By: Steven Earl Salmony</title>
		<link>http://pajamasmedia.com/rogerkimball/2008/11/23/how-bad-is-it/comment-page-1/#comment-8053</link>
		<dc:creator>Steven Earl Salmony</dc:creator>
		<pubDate>Fri, 28 Nov 2008 12:58:56 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/rogerkimball/?p=438#comment-8053</guid>
		<description>GUEST COLUMN by Steven Earl Salmony

November 26, 2008

Chapel Hill(NC)News

http://www.chapelhillnews.com...

Billions end up paying for excesses of the wealthy on Wall St.

Our lexicon of business activities is being expanded daily, thanks to the &quot;wonder boys&quot; on Wall Street. We are learning about derivatives, collateralized debt obligations, credit default swaps, recapitalization, puts, short selling and so on. We are gaining a new vocabulary from the recent meltdown of the financial system and expected slowdown of the real economy worldwide.

Where did this debacle begin? Well, it began in the center of the human community&#039;s banking and investment houses in the financial district of NYC. Supposedly, the &quot;brightest and best&quot; among us go to Wall Street, know what they are doing and do the right thing. Unfortunately, such assumptions turn out to be colossal mistakes.

How did this calamity occur and why is the human family in such dire economic straits? It appears that grotesque greed and a culture of corruption have come to dominate significant operating systems of the global political economy.

Powerful people in high offices within huge business institutions with access to great wealth are recklessly and deleteriously manipulating the unbridled expansion of the global economy in the small, finite planetary home God blesses us to inhabit.

Self-proclaimed Masters of the Universe have surreptitiously &quot;manufactured&quot; a subprime &quot;asset bubble&quot; and perversely fostered its uneconomic growth within the world economy. Not unexpectedly, this asset bubble did what bubbles do. The subprime bubble burst and made a mess. Global credit markets have frozen, stock prices are tumbling and the value of the dollar is gyrating.

Evidently organizers, managers and whiz kids overseeing the global economy, and the unraveling (i.e., deleveraging) of the worldwide subprime swindle are running the artificially designed financial system of the global economy as a pyramid scheme. This is to say that the international financial system is being operated so that most of the wealth funneled pyramidally into the hands of a small minority of people at the top of the world economy where this wealth is accumulated and consolidated. Note that 30 percent of annual corporate profits end up in the accounts of a tiny number of people. At the same time, the vast majority of people on Earth, near the bottom of the global economic pyramid, are left with very little wealth. Does the economy of the family of humanity exist primarily to provide wealth to the already stupendously wealthy? The &quot;bankstas&quot; among us evidently think so.

In the 1980s, this extremely inequitable method of distributing wealth and arranging business activities was called a &quot;trickle-down&quot; economy. We have been repeatedly told how this &#039;rational&#039; economic scheme is good because it &quot;raises all ships.&quot; And yet, from my limited scope of observation, the billion people living on resources valued at less than one dollar per day and the additional 2.7 billion people being sustained on two dollars per day of resources now appear to be stuck in squalid conditions. The &#039;ships&#039; carrying these billions of less fortunate people (i.e., more people than lived on Earth in the year of my birth) do not appear to be lifting them out of poverty.

Steven Earl Salmony

AWAREness Campaign on the Human Population,

established 2001

http://sustainabilitysoutheast.org/content.html?contentid=1176</description>
		<content:encoded><![CDATA[<p>GUEST COLUMN by Steven Earl Salmony</p>
<p>November 26, 2008</p>
<p>Chapel Hill(NC)News</p>
<p><a href="http://www.chapelhillnews.com.." rel="nofollow">http://www.chapelhillnews.com..</a>.</p>
<p>Billions end up paying for excesses of the wealthy on Wall St.</p>
<p>Our lexicon of business activities is being expanded daily, thanks to the &#8220;wonder boys&#8221; on Wall Street. We are learning about derivatives, collateralized debt obligations, credit default swaps, recapitalization, puts, short selling and so on. We are gaining a new vocabulary from the recent meltdown of the financial system and expected slowdown of the real economy worldwide.</p>
<p>Where did this debacle begin? Well, it began in the center of the human community&#8217;s banking and investment houses in the financial district of NYC. Supposedly, the &#8220;brightest and best&#8221; among us go to Wall Street, know what they are doing and do the right thing. Unfortunately, such assumptions turn out to be colossal mistakes.</p>
<p>How did this calamity occur and why is the human family in such dire economic straits? It appears that grotesque greed and a culture of corruption have come to dominate significant operating systems of the global political economy.</p>
<p>Powerful people in high offices within huge business institutions with access to great wealth are recklessly and deleteriously manipulating the unbridled expansion of the global economy in the small, finite planetary home God blesses us to inhabit.</p>
<p>Self-proclaimed Masters of the Universe have surreptitiously &#8220;manufactured&#8221; a subprime &#8220;asset bubble&#8221; and perversely fostered its uneconomic growth within the world economy. Not unexpectedly, this asset bubble did what bubbles do. The subprime bubble burst and made a mess. Global credit markets have frozen, stock prices are tumbling and the value of the dollar is gyrating.</p>
<p>Evidently organizers, managers and whiz kids overseeing the global economy, and the unraveling (i.e., deleveraging) of the worldwide subprime swindle are running the artificially designed financial system of the global economy as a pyramid scheme. This is to say that the international financial system is being operated so that most of the wealth funneled pyramidally into the hands of a small minority of people at the top of the world economy where this wealth is accumulated and consolidated. Note that 30 percent of annual corporate profits end up in the accounts of a tiny number of people. At the same time, the vast majority of people on Earth, near the bottom of the global economic pyramid, are left with very little wealth. Does the economy of the family of humanity exist primarily to provide wealth to the already stupendously wealthy? The &#8220;bankstas&#8221; among us evidently think so.</p>
<p>In the 1980s, this extremely inequitable method of distributing wealth and arranging business activities was called a &#8220;trickle-down&#8221; economy. We have been repeatedly told how this &#8216;rational&#8217; economic scheme is good because it &#8220;raises all ships.&#8221; And yet, from my limited scope of observation, the billion people living on resources valued at less than one dollar per day and the additional 2.7 billion people being sustained on two dollars per day of resources now appear to be stuck in squalid conditions. The &#8217;ships&#8217; carrying these billions of less fortunate people (i.e., more people than lived on Earth in the year of my birth) do not appear to be lifting them out of poverty.</p>
<p>Steven Earl Salmony</p>
<p>AWAREness Campaign on the Human Population,</p>
<p>established 2001</p>
<p><a href="http://sustainabilitysoutheast.org/content.html?contentid=1176" rel="nofollow">http://sustainabilitysoutheast.org/content.html?contentid=1176</a></p>
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		<title>By: Mike</title>
		<link>http://pajamasmedia.com/rogerkimball/2008/11/23/how-bad-is-it/comment-page-1/#comment-8052</link>
		<dc:creator>Mike</dc:creator>
		<pubDate>Fri, 28 Nov 2008 11:35:07 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/rogerkimball/?p=438#comment-8052</guid>
		<description>The economy is certainly not so good but as Mr. Kimball pointed out, it ain&#039;t near as bad as in the late 70&#039;s and we are a hellava long way from the 30&#039;s. Stop and think what 25% unemployment would be like today. You gotta remember that in the 1930&#039;s a much larger percentage of the population lived and supported themselves in rural areas. In other words they were self sufficient. Now take that 25% unemployment. Most women were home makers and not in the labor force so if we had that same kind of unemployment today it would be nearer to 40% unemployment. Tossing around words like &quot;depression&quot; like the media did to help get Obama elected is irresponsible to the max. We may get there but we ain&#039;t there yet.
------------------------------------------
By the way, I hope all you rich liberals out there are going to pay a bunch of taxes because Joe Biden said it’s your patriotic duty to do so and I am waiting for my share of the free stuff Obama promised me.</description>
		<content:encoded><![CDATA[<p>The economy is certainly not so good but as Mr. Kimball pointed out, it ain&#8217;t near as bad as in the late 70&#8217;s and we are a hellava long way from the 30&#8217;s. Stop and think what 25% unemployment would be like today. You gotta remember that in the 1930&#8217;s a much larger percentage of the population lived and supported themselves in rural areas. In other words they were self sufficient. Now take that 25% unemployment. Most women were home makers and not in the labor force so if we had that same kind of unemployment today it would be nearer to 40% unemployment. Tossing around words like &#8220;depression&#8221; like the media did to help get Obama elected is irresponsible to the max. We may get there but we ain&#8217;t there yet.<br />
&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br />
By the way, I hope all you rich liberals out there are going to pay a bunch of taxes because Joe Biden said it’s your patriotic duty to do so and I am waiting for my share of the free stuff Obama promised me.</p>
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		<title>By: Rashputin</title>
		<link>http://pajamasmedia.com/rogerkimball/2008/11/23/how-bad-is-it/comment-page-1/#comment-8020</link>
		<dc:creator>Rashputin</dc:creator>
		<pubDate>Wed, 26 Nov 2008 18:55:24 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/rogerkimball/?p=438#comment-8020</guid>
		<description>DaveinPheonix - &quot;How Bad is It ? Naaaa….not that bad. Except for the trillions in debt we hand to our grandchildrens children. No problem.&quot;

  If you listen to what passes for informed thought on the part of the left. we won&#039;t be having so many children and grandchildren because it pisses off Mother Earth.  One of these days there will be one guy not on the government payroll and Congress will be constantly debating whether his exhaling as he walks to work is harmful to the environment.

  Regards</description>
		<content:encoded><![CDATA[<p>DaveinPheonix &#8211; &#8220;How Bad is It ? Naaaa….not that bad. Except for the trillions in debt we hand to our grandchildrens children. No problem.&#8221;</p>
<p>  If you listen to what passes for informed thought on the part of the left. we won&#8217;t be having so many children and grandchildren because it pisses off Mother Earth.  One of these days there will be one guy not on the government payroll and Congress will be constantly debating whether his exhaling as he walks to work is harmful to the environment.</p>
<p>  Regards</p>
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		<title>By: Rae</title>
		<link>http://pajamasmedia.com/rogerkimball/2008/11/23/how-bad-is-it/comment-page-1/#comment-8009</link>
		<dc:creator>Rae</dc:creator>
		<pubDate>Wed, 26 Nov 2008 14:44:35 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/rogerkimball/?p=438#comment-8009</guid>
		<description>On the breakdown of the cost of a vehicle from Detroit..... everyone seems to know what the labor and legacy costs are per vehicle but does anyone know the cost per vehicle of upper management salary, perks and bonuses??</description>
		<content:encoded><![CDATA[<p>On the breakdown of the cost of a vehicle from Detroit&#8230;.. everyone seems to know what the labor and legacy costs are per vehicle but does anyone know the cost per vehicle of upper management salary, perks and bonuses??</p>
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		<title>By: DaveinPhoenix</title>
		<link>http://pajamasmedia.com/rogerkimball/2008/11/23/how-bad-is-it/comment-page-1/#comment-7998</link>
		<dc:creator>DaveinPhoenix</dc:creator>
		<pubDate>Wed, 26 Nov 2008 04:25:23 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/rogerkimball/?p=438#comment-7998</guid>
		<description>How Bad is It ? Naaaa....not that bad. Except for the trillions in debt we hand to our grandchildrens children. No problem.</description>
		<content:encoded><![CDATA[<p>How Bad is It ? Naaaa&#8230;.not that bad. Except for the trillions in debt we hand to our grandchildrens children. No problem.</p>
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		<title>By: The Confabulum &#187; Blog Archive &#187; How Bad is the Economy?</title>
		<link>http://pajamasmedia.com/rogerkimball/2008/11/23/how-bad-is-it/comment-page-1/#comment-7990</link>
		<dc:creator>The Confabulum &#187; Blog Archive &#187; How Bad is the Economy?</dc:creator>
		<pubDate>Tue, 25 Nov 2008 20:49:45 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/rogerkimball/?p=438#comment-7990</guid>
		<description>[...] Roger Simon puts our current economics troubles in perspective: [...]</description>
		<content:encoded><![CDATA[<p>[...] Roger Simon puts our current economics troubles in perspective: [...]</p>
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