I heard on CNBC this morning that Obama and Mccain were engaged in a yelling match after the cameras were turned off yesterday at the white house.

I hope my "chair and popcorn" comment doesn't come across like I enjoy this. Quite the opposite, I am terrified. But the fact of the matter is I cannot think of a situation that could be anymore messed up. From a historic standpoint this is interesting to watch unfold.

"chair and popcorn comment "

There are quite a few people here who have expressed that sentiment.

I don't think there is any shame in knowing you are powerless to stop something and chosing instead to simply "watch history unfold."

Me too, but I substituted the popcorn by French brandy

Mmmmmm...brandy flavored pop-corn. I guess I have my new million dollar idea for the day.

What do you mean I can't get a loan for R&D?

In the not to distant future your million dollars will buy you a loaf of bread.

Of course that's better then no bread at all.

Damn, I never realized how far off we were back when we were gigging. I sat down with headphones and guessed...badly.

Not to worry, Prof, it happens to the best of us. The audience probably didn't know the difference, either. 8^)

Those who invested billions in bad business ventures and are nearly bankrupt need to borrow more money to pay their creditors. In dismay they find their credit is no longer good and no one will lend them money. They go to the president and complain about a liquidity crisis. If you do not help us they continue, ...the economy will go down.

WAMU" failed. The Feds take it and they will reopen within a few days for depositors to get to their Federally insured accounts (FDIC). If it is like what happened in 1989 with the RTC the corporation will manage the assets until the collateral behind foreclosed loans can be auctioned off. I recall most of the property was disposed of within a couple of years. There was not a bailout for evey investment bank, or corporation that was not FDIC insured. It would be better to give everyone 2300 dollars than to give it to CEO's and management that committed such a dihonorable business practice as to lose 100's of billions of good money on real estate speculation.

Those with immaculate credit ratings and friends find no liquidity crisis.

Those who have not maxed out their credit cards find they have liquidity if they can afford high interest rates.

Those not on margin might get money at 10% from their brokers if they have stocks as collateral.

Good set of links. You put the pieces together nicely.

Nah, you should be looking at a popcorn flavoured alcohol concoction instead. With the rise of the alcopops I can see that doing much bigger business in the youth market.

Plus the popcorn flavour they spray on normal popcorn to actually give it a flavour is readily available - so R&D is getting some, mixing with a vodka type base, some caramel colouring and trademarking quickly.

Tequila, here.

You are never powerless unless you decide you are.

The things you fear are undefeatable, not by their nature but by your approach.

You'll laugh if you figure out who said that.

Okay, who said it?

And, who said this one? (edit - paraphrase)

"Godz grant me the power to change what I can, and ability to cope with the what I can't, and the ability to distinguish between the two so I don't waste time and energy chasing delusions"

Jewel the singer, but it sounds like Ghengis Khan or some other great warrior.

God,

Grant me the serenity to accept the things I cannot change,

the courage to change the things I can,

and the wisdom to know the difference.
(The Serenity Prayer is generally thought to have been written by Reinhold Niebuhr)

Your quote was a version of the serenity prayer.

matt

hello medic.

you have been away a while. Drilling in Silver Seas? Seen any flying fish yet?

Starter for ten - who said this?

'Lord, If I forget thee this day, do not forget me.'

twas the thief on his right....Jesus's right

Sir Jacob Astley of England before he led his troops into battle in 1642: "Oh Lord! Thou knowest how busy I must be this day. If I forget Thee, do not Thou forget me."

later folded into a song before battle.........

often (wrongly) attributed to Cromwell...

St. Francis.

No, I'm wrong. You should have quoted the whole thing.

Grant me the serenity to accept the things I cannot change, the courage to change the things I can, the wisdom to know the difference, and the means to hide the bodies of my enemies.

Now work 'incorrigible' into that musashi and you got it nailed.

Now that I'd love to see. I'd heard it was McCain yelling at Bush. Which I could easily imagine. Obama yelling at McCain... that I find hard to picture.

Really? I've never known any megalomaniacs that couldn't be incited to anger quite readily, and most show restraint only as it suits their purposes.

I cannot think of a situation that could be anymore messed up.

degar7, let's hope they don't "solve" the problem with a little diversionary action against Iran, or you will be proven to be too optimistic.

I think this demotivator is a better reflection of today's news:
http://despair.com/changewinds.html