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alstry (36.32)

The Only Chance Republicans Can Win

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August 29, 2008 – Comments (6)

Pray a War Starts??????  Putin seems to think so.......

Think about this, under Bush's medicare presciption bill.....it added about $10 Trillion to Federal obligations.....no other president in history has single handedly put such a large obligation on the American people at one time....and Republicans are going to try to characterize the Dems as the tax and spend party????

Basically, no time in history has the credibility of things coming out of Washington been question soooooo much on so many fronts.  Even in these blogs things like the CPI and GDP numbers are viewed as jokes.  A housing rescue package that makes it more difficult to buy a house????

Now McCain picks a running mate with even less experience than the opponent he criticized for not having experience?????  Anyone think he is intentionally trying to looooooose!!!!!!

For what its worth, I am not a Democrat.......but I have never seen anything like what we have in office right now......

Pay attention to a build up of tensions in the Gulf and escalation in Georgia.

In the meantime......get ready for an unprecedented parade of bankruptcies and bank closures here and in Europe.

ROME (AP) -- Alitalia said Friday it has filed for bankruptcy protection, taking the first step in a plan to restructure and downsize Italy's failing national carrier.

"We are consenting to agree that by Sept. 16 we will file for voluntary Chapter 11," confirmed Jennifer Mercer, a spokesperson for the builder, one of the top-10 private builders in the United States.

Delphi's woes are raising doubts about its ability to survive. The auto-parts maker is laboring to craft a plan to emerge from bankruptcy-court protection, but odds are increasing that Delphi instead will be liquidated.

And the list goes on and on and on..............

6 Comments – Post Your Own

#1) On August 29, 2008 at 3:28 PM, alstry (36.32) wrote:

Things getting interesting already...... 

NEW YORK (MarketWatch) -- Russian oil companies are reportedly under orders from the Kremlin to prepare for a supply cut to Germany and Poland through the Druzhba pipeline, the Daily Telegraph reported Friday citing an anonymous source. The Telegraph reported that it's believed that executives from oil major Lukoil have been put on weekend alert. "They have been told to be ready to cut off supplies as soon as Monday," an unnamed, high-level business source told the Telegraph. Any move would be timed to coincide with an emergency European Union summit in Brussels, where possible sanctions against Russia are on the agenda, the Telegraph reported. Tensions between Russia and the West have escalated sharply in recent weeks following the military conflict between Russia and Georgia that broke out earlier this month.

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#2) On August 29, 2008 at 3:44 PM, DemonDoug (32.31) wrote:

Putin is a scumbag but in this case he is more or less correct.

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#3) On August 29, 2008 at 4:17 PM, jmt587 (99.84) wrote:

Can you check the Delphi article link?  It doesn't seem to be working.

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#4) On August 29, 2008 at 4:43 PM, TDRH (99.49) wrote:

Hard to get the whole story without an anti-Russian spin, but there appears to be two sides to the conflict and the Bush administration only sees in black and white.   

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#5) On August 29, 2008 at 5:24 PM, abitare (49.76) wrote:

Putin's war enablers: Bush and Cheney

Russia's escalating war on Georgia reveals the consequences of the Bush administration's long assault on the international rule of law.

By Juan Cole

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#6) On August 29, 2008 at 5:28 PM, alstry (36.32) wrote:

Another bank goes down....

Integrity Bank, Alpharetta, Georgia, with $1.1 billion in total assets and $974.0 million in total deposits as of June 30, 2008, was closed today by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation was named receiver.

The FDIC estimates that the cost to its Deposit Insurance Fund will be between $250 million and $350 million. Regions Bank's acquisition of all deposits was the "least costly" resolution for the FDIC's Deposit Insurance Fund compared to all alternatives because the expected losses to uninsured depositors were fully covered by the premium paid for the failed bank's franchise.

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