Peanuts

[dalthauser]

* Morning walk: Diane Rehm Show: Debate over Treasury Rescue Plan.  47 minutes  316 cal 117 avg hbpm.

* I harvested my peanuts over the weekend.  Not a big crop, but it was a successful experiment.  I may have pulled them a little early, but I needed to get the garden stripped in order to install the new weed barrier etc.

Comments

[walksbeauty.livejournal.com]

I wonder what your morning walk podcast had to say. I know it's too much to write about.. just curious if there was a nutshell overview.. I WISH I could see something other than a HUGE rip off...

THAT IS SO COOL.. I've never lived anywhere where I could grow peanuts and I've always thought it was SO interesting how they grew... SO cute....

[eats-veggies.livejournal.com]

It boils down to a huge ripoff that we can't really afford not to participate in.

We have to do it - they are just hashing out details like future oversight, caps on executives salaries (can't believe some are arguing this point), and what investments will be purchased (my opinion - mortgages first so we can renegotiate them with people to a fixed 30year).

I can't believe there is debate on whether we should now put some checks/balances over business - it's obvious those sob's are too greedy and souless not to have to be regulated. argh!

[walksbeauty.livejournal.com]

That is so well said, "It boils down to a huge ripoff that we can't really afford not to participate in." (heavy sigh...)

Yes, I thought that was about it... So really it's about bailing out & protecting big biz & the rich.. they have the power & money to get what they want and little ole us just keep on working our butts off to make ends meet as things get more & more expensive.

I need a long walk or a swim today....

[eats-veggies.livejournal.com]

Yes, it is about bailing them out - but we're having to do it because otherwise all of us will suffer.

I'm not an expert, but this is how I understand it:

For example - if the banks are unstable, they won't lend to each other - and foreign money won't come in because of the unstable banking system. This further depresses our system - and eventually it could crash.

Also, since nobody trusts anyone to loan between institutions - individual banks will be less able to give credit to customers. New loans will dry up or require a significant down payment.

This will seriously depress the economy because busineses use credit a lot to run and grow. Individuals put loaned money back into the economy (purchases, services, etc.)

Bottom line - they fear a depression, and they think this will limit it to a serious recession.

Either way, we're screwed (and, from what they say, this is just the beginning - it's going to get worse before it gets better)

[walksbeauty.livejournal.com]

Thank you for your clear overview... this all makes sense to me. So they can continue to screw up and be bailed out since we can't NOT or else we all are screwed worse... I do understand what the implications are to NOT have the bail out AND it is a huge rip off, too. Like I read somewhere, (must have been the Michael Moore piece):

"After stealing a half trillion dollars to line the pockets of their war-profiteering backers for the past five years, after lining the pockets of their fellow oilmen to the tune of over a hundred billion dollars in just the last two years, Bush and his cronies -- who must soon vacate the White House -- are looting the U.S. Treasury of every dollar they can grab. They are swiping as much of the silverware as they can on their way out the door."

(another heavy sigh) back to chop wood carry water... it's the day to day that will keep me sane, nothing much more we can do except educate and work towards Obama getting elected & implement SOME things good for the people...