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This is how I feel about Geithner's Statement yesterday on MTP

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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 05:08 AM
Original message
This is how I feel about Geithner's Statement yesterday on MTP
Geithner tells NBC's "Meet the Press" that it's a very tough economy. He says that for a lot of people



"it's going to feel very hard, harder than anything they've experienced in their lifetime now, for a long time to come."

http://news.yahoo.com/geithner-says-hard-times-continue-many-150523958.html




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LuvNewcastle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 05:41 AM
Response to Original message
1. Geithner needs to be doing ads for Viagra.
:hide:
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 05:49 AM
Response to Reply #1
2. It made me feel like the middle class and poor
are gonna be eaten alive..... I'm sure he wasn't talking about the wealthy with that statement.
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LuvNewcastle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 06:04 AM
Response to Reply #2
4. Yeah, probably not.
I seriously wonder how he knows what hard times are. A lot of us are barely scraping by as it is. Will we be stealing bread?
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Divernan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 06:06 AM
Response to Reply #4
6. More profits for the private prison operators!
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theaocp Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 08:40 AM
Response to Reply #4
19. Worked out pretty well in the long run
for Jean Valjean, n'est-ce pas?
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Divernan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 05:57 AM
Response to Original message
3. Great photo. The clueless diver is giving the diver's universal "OK" sign
The most used of underwater sign language for divers is the circled thumb and forefinger sign. The first person giving it is asking, "Everything OK with you?" The person responding repeats the signal if everything is OK - no problems.
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Dawgs Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 07:25 AM
Response to Reply #3
11. Isn't that the universal okay sign for every situation?
:shrug:
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Divernan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 07:40 AM
Response to Reply #11
14. Just explained what it meant for the diver in the illustration.
Edited on Mon Jul-11-11 07:41 AM by Divernan
It's taught in scuba classes. And is expected in certain situations.
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 08:01 AM
Response to Reply #14
16. I don't even know if it was photoshopped or not
but its scary never the less having dived and surfed.

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RKP5637 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 06:05 AM
Response to Original message
5. IMO he's saying this is really F'ed up, we don't know how to handle it
long term, and we F'ed up in the beginning by pushing trickle down voodoo economics, rewarded our rich buddies and tossed off any FDR type solutions.

Our focus is on the wealthy and the rest of you, well, "it's going to feel very hard, harder than anything they've experienced in their lifetime now, for a long time to come." ... because you're F'ed, your kids are F'ed and this ain't gonna be the US you knew. And too 'big to fail' is working perfectly well for us.

Most of you are peasants and we don't even come in contact with you, so F you. Go get a job and quit being lazy bums and whining. That's my impression of what he's saying. Meanwhile the core of the US has a growing cancer and unrest.




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Divernan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 06:26 AM
Response to Reply #5
7. Harder than anything in THEIR lifetime - Great Depression - The Sequel
Edited on Mon Jul-11-11 06:31 AM by Divernan
Doncha just love how he refers the American public as "they". None of this "We're all in this together" nonsense!

Cue up, "Brother, Can You Spare A Dime?" The wealthy are buying stock in tent manufacturers - Tent Cities R Us!

Seriously, one of my nieces is near the end of her unemployment comp., has gone through her savings & her widowed mother's savings. Her oldest, her 18 year old son, who thought he had a solid job to help out his family, had the AUDACITY to get too sick to work for two days, lost his job (hadn't worked enough time to qualify for unemployment comp) and the best that family can HOPE for is to lose their apartment and be put out on the street.

Ah yes, the AUDACITY of HOPE! - Now, whose campaign slogan was that?
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ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 06:32 AM
Response to Original message
8. I think think that he has spoken the truth, and anyone who didn't pay attention will suffer even mor
When people who are in charge of the money tell you what is going to happen to the money and its effect on most of the people its best to pay attention.
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Divernan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 06:55 AM
Response to Reply #8
9. The response will be an end to all discretionary spending, don't you think?
Edited on Mon Jul-11-11 06:57 AM by Divernan
Not that many of us have much discretionary spending left in our lives.
Seriously, who would buy a new car, or replace an old mattress, or go out to eat, or take a vacation, or even drive to visit grandma in another state, or go to any college but the local community college, if they went to college at all. We'll all cut back to basic cable, if we keep cable, and give up our landlines and just have cell phones, and start taking in boarders for the spare bedroom.

And then there's Christmas and birthdays - we can forego the fresh cut tree and the wreath on the door and just tape our old ornaments to the wall. Happy birthday, little Johnny - Mommy and Daddy put a candle in your Spam to mark the occasion.

Ah, the American Dream!
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BeFree Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 07:48 AM
Response to Reply #9
15. Yep
In economic terms it is deflationary to cut back spending.
Well, America has a flat tire.

We hired a mechanic to fix the flat and get us rolling again, but the antpublicans keep eating holes in the tires and our mechanic is flummoxed.

The publicants, representing those who hoard big money, are forcing deflation so that inflation eats not of the hoards of cash. And so down it trickles.
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msongs Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 07:25 AM
Response to Reply #8
10. another filthy rich corporate whore bragging about how he has got his while u suffer nt
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somone Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 07:31 AM
Response to Original message
12. The detachment of the privileged class



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lunatica Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 07:34 AM
Response to Original message
13. It won't be hard for him, so what's the big fuss?
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ChiciB1 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 08:16 AM
Response to Original message
17. Anyone Notice How Much A Gallon Of Milk Costs These Days...
LET ALONE COFFEE! I HATE going grocery shopping anymore! Sorry, I can't grow coffee and I don't own a cow!

And that's just the beginning. Sure, gardening is something to try, but believe me it costs a LOT of money for that too! Bugs, worms, birds and little creatures get hungry too and it takes so much to control ALL of them. By the time I get tomatoes growing, I may have a cut worm, a bird will start pecking when they start to turn red, IF they don't blister before the begin to turn red.

At least that's my experience here in Florida. I can't indoor garden very well because I don't have the space AND I have 2 large chocolate labradors retrievers.

My sister did give me a suggestion, buy whole milk and cut it in half to make 2 gallons... so that's what I'll be doing. Coffee will be weaker too. Don't buy coffee at Starbucks, could never afford it, but I wonder what THEY are charging now?

I do buy from Angel Food Ministries, but boy is it getting tough with food these days.




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Divernan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 12:24 PM
Response to Reply #17
21. That is an excellent idea re the whole milk - certainly worth a try.
I just went shopping for me & my two housecats - one of whom is on a special diet - $81. I used to feed a family of five on under $50 a week, and that was with having major dinners every night - roast beef, pork loin, steak, lobster, etc. And top of the line everything. Oh well, I needed to diet and lose weight. Thanks, Timmy Geithner - you're so good to us!
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QC Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 08:18 AM
Response to Original message
18. "they"
That really says it all, doesn't it?
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daa Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 08:48 AM
Response to Original message
20. Timmy needs to go back to Goldman or Rubin nt
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