Exploring Hydrocarbon Depletion
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oh really?jasonraymondson wrote:...
Nobody ever really agrees with each other, and we all have different life experiences. Yours, are no more valid than anyones elses, regardless of how you see yourself.
source: Gonna Need a Bigger BoatGovernments are having a problem arresting this deflationary downward spiral — maybe because this financial crisis combines four chemicals we have never seen combined to this degree before, and we don’t fully grasp how damaging their interactions have been, and may still be.
Those chemicals are: 1) massive leverage — by everyone from consumers who bought houses for nothing down to hedge funds that were betting $30 for every $1 they had in cash; 2) a world economy that is so much more intertwined than people realized, which is exemplified by British police departments that are financially strapped today because they put their savings in online Icelandic banks — to get a little better yield — that have gone bust; 3) globally intertwined financial instruments that are so complex that most of the C.E.O.’s dealing with them did not and do not understand how they work — especially on the downside; 4) a financial crisis that started in America with our toxic mortgages. When a crisis starts in Mexico or Thailand, we can protect ourselves; when it starts in America, no one can.
You put this much leverage together with this much global integration with this much complexity and start the crisis in America and you have a very explosive situation.
If you are going to fight a global financial panic like this, you have to go at it with overwhelming force — an overwhelming stimulus that gets people shopping again and an overwhelming recapitalization of the banking system that gets it lending again. I just hope the U.S. Treasury has enough money to do it. When you look at the way A.I.G. and Fannie Mae and Freddie Mac are eating money, you start to wonder.
And that brings me back to Obama. We need a leader who can look the country in the eye and say clearly: “We have not seen this before. There are only two choices now, folks: doing everything we can to shore up banks and homeowners or risk a systemic meltdown.”
Yes, that may mean rescuing some bankers who don’t deserve rescuing, while also helping prudent bankers who were doing the right things. And, yes, that may mean rescuing reckless home buyers who never should have taken out mortgages and now can’t pay them back, while not aiding people who saved prudently and are still meeting their mortgage payments.
No, it’s not fair. But fairness is not on the menu anymore. We will deal with that later. Right now we need to throw everything we can at this problem to make sure this recession doesn’t spiral down into a depression. This is no time for half-measures.
Revi wrote:The volt was supposed to be the savior. What are they thinking? Let them die. Somebody else will make an electric car.
Plantagenet wrote:GM continues to build SUVs and pay UAW workers not to work, but says they won't build Chevy Volts.
GM isn't being stupid....this is a negotiating technique to get Bush to hurry up with their bailout money.
This method is standard procedure in both the corporate and academic worlds....smart managers always threaten to cut the best parts first when they know budget cuts are coming.....
Revi wrote:Let them die. Somebody else will make an electric car.
Reuters wrote:Citing a credit crisis and dwindling sales, Chrysler LLC on Wednesday said it would shut down all of its manufacturing operations from the end of this week for at least a month.
The blanket shutdown marked a deepening of the financial crisis for the embattled U.S. auto industry and came as Chrysler and its larger rival General Motors Corp both seek to shore up cash as they seek a federal bailout they say they need to survive.
Chrysler, considered the weakest of the Detroit automakers, made the announcement on its plant shutdown in a letter sent on Wednesday to its employees, suppliers and the United Auto Workers union that was also posted on its website.
Revi wrote:Do you think GM is dumb enough to hope for the SUV market to turn around?
emersonbiggins wrote:Carmaker says still aims to bring the electric car to market by 2010
The cash-strapped automaker is putting the breaks on the construction of a factory in Flint, Mich. set to make 1.4 liter engines for the Chevrolet Cruze and Chevy Volt plug-in electric car.
shortonsense wrote:You know, I always figured the Volt was one of those things which would put a stake through the heart of peak oil, but I figured they would at least have to BUILD it before it would have an effect.
dohboi wrote:The rich have always managed to rip off the poor. Now they are ripping of each other a bit too, but the rest of us have already become their debt surfs. We will be paying for these bailouts/handouts to financial terrorists for the rest of our lives, our children's lives, their children's lives...
Whenever they's a fight so hungry people can eat, I'll be there. Whenever they's a cop beatin' up a guy, I'll be there . . . . I'll be in the way guys yell when they're mad an'-I'll be in the way kids laugh when they're hungry an' they know supper's ready. An' when our folks eat the stuff they raise an' live in the houses they build-why, I'll be there.
I wouldn't be so quick to assume his family were in on it. The whole thing blew up because his sons caught wind of it and turned him in.
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