Korean Job Discussion Forums

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

President Bush has long assumed the outcome of the Iraq war would define his legacy. But the catastrophic collapse of the housing bubble on his watch provides a new, perhaps more ominous, threat to how his stewardship will be ranked in history...

But, like the final outcome of the Iraq war, that won�t be evident by the time Bush leaves office and not, perhaps, for years to come.

In that sense, says historian Gage, Bush�s management of the war and the economic may ultimately be linked �in spirit, with each showing a certain recklessness, a lack of caution, and a rejection of the cautionary voices both within the administration and outside of it.�

http://www.politico.com/news/stories/0908/13632.html

I estimate the chances of Bush going down in history as the next Hoover to be about 96.74%. Before this debacle, 80% thought the country was on the wrong track. A good share of the 20% still backing Bush are anti-government types who are not going to be happy with the steps taken to prevent the complete collapse of the US economy.

I suspect 'revile' will be the most common verb used in his biographical thumbsketches in the history books.

mises · Joined: 05 Nov 2007 Location: retired

Kuros · Joined: 27 Apr 2004

It shouldn't.

I believe that Hoover refused to respond to the economic crisis. Whereas Bush is advocating a bailout, what some call corporate welfare.

Hyeon Een · Joined: 24 Jun 2005

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

bucheon bum · Joined: 16 Jan 2003

Crawford's congressional rep is a Democrat actually. Nancy Pelosi hinted he might be Obama's VP pick. Thankfully she was wrong.

PBRstreetgang21 · Posted: Fri Sep 19, 2008 3:15 pm Post subject:

I find it terribly ironic that when Korea had a meltdown in 97, one of the first conditions the IMF gave them for the loan was that if a bank fails you have to let it fail-- now the show is one the other foot and along comes hypocrisy-- Im sorry I meant to say "American Exceptionalism".

Its like the S&L scandal writ large. Reagan let the Savings and Loan industry do whatever they damn well pleased and then passed the plate when they all went belly up.

All these assholes on Wall Street knew a bail out was gonna happen. They hedged their bets it would. They took the risk because like Fannie and Freddie they have paid off too many of our leaders to think they would actually have to own that risk.

ownership society my ass

Hater Depot · Joined: 29 Mar 2005

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

mises · Joined: 05 Nov 2007 Location: retired

The base salary of an analyst (fresh out of undergrad) would be 70k plus 3-5x salary bonus. For an associate out of MBA it would be 140 plus 3-5x bonus. A lady I know who is a trader received a 33 month bonus on a 200k salary. She is 27. A MD would likely touch 7 figures in a 'good' year. The higher up they go, the more absurd it gets.

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

Julius and Ethel Rosenberg got the gas chamber for selling out the country. I don't know if the Feds should go after all the analysts since they were just following orders, but an example should be made of some of the CEOs.

Gatsby · Joined: 09 Feb 2007

VanIslander · Posted: Fri Sep 19, 2008 10:18 pm Post subject:

Bush the next Hoover, Cheney the next Filter Queen

They both suck big time.

Adventurer · Joined: 28 Jan 2006