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Macke and Adami: 'Bailout' Equals 'Failure' and Other Word Associations

Posted Dec 29, 2008 07:30am EST by Aaron Task in Investing, Newsmakers

Fast Money's Jeff Macke and Guy Adami aren't the shy, retiring types, so we thought it'd be fun to get their unfiltered commentary on some of the year's biggest themes, events and people.

As you'll see in the accompanying video, neither CNBC star pulled any punches, and "unfiltered" was definitely the operative word.

Note: This interview is part of a series conducted Dec. 4 at Minyanville.com's "Festivus" holiday celebration and charity auction. Follow the links below for more discussions from the event:

82 Comments

CH
CH - Monday December 29, 2008 10:12AM EST

These people are sheep. Watch Peter Schiff and Ron Paul to get the truth.

Art
Art - Monday December 29, 2008 10:17AM EST

The 2008 Bush/Congress "Economic Stimulus Plan" failed to prevent a recession and probably made things worse. Remember when we all got a check in the mail form Uncle Sam? The democrats are already making excuses by saying “everyone” used the money to pay off their credit cards. Is it not funny how “everyone” does the same thing all the time? Now the democrats say that building new and fixing old “infrastructure” will stimulate the economy. How does taking money from one pocket and putting it into another pocket in your pants make you better off?

Art
Art - Monday December 29, 2008 10:19AM EST

The Lions are 0 and 16 just like GM, Ford and Chrysler. HA HA HA

Jim B
Jim B - Monday December 29, 2008 10:33AM EST

The Stolen Bailout Money / The Parable of the Unjust Steward I think we see the original desperate measures to secure these funds with such immediacy from the first. The Parable of the Unjust Steward (there is a religious left and it is right). The Reaganomics of Free Market Economy has been a ponzi scheme of massive debt from the outset and its proponents now wish to distribute the proceeds in order to secure their own place in the world order of the rich before it fully implodes. Congress should be expecting those parties to this exorbitant market and bailout failure to hurry up and step aside now, and take the self-righteous, self-centered, and hateful right wing American Values of greed and high-economic crime (to include the prosperity preaching religious right which is so wrong) with them. Our nation will not be washed of these crimes until the white-collar criminal wastes away in prisons they themselves overcrowded with the poor, often desperate, and many innocent.

Les
Les - Monday December 29, 2008 10:38AM EST

Allow me to give you an alternate take on the year 2009: You just elected the most radical socialist this country has ever seen. The democrats are continuing to fund ACORN hidden in every bill they get there hands on. ACORN triggered this melt-down. The new B.O. Administration has been packed with Clinton power mongers. Democrats have become invested with Keynesian wannabs that have perverted the theory. i.e. you cant have low inflation when dumping tons of paper on the market. And they don’t have the guts to increase the interest rates (where they have to be) to cut down on the inflation that will follow. The T-Bill market is about to implode and GM is coming back for the rest of the 100 billion they need to survive till their next bailout. Oh, did I forget to mention that the UAW just said NO to the Bush strings attached to their last 12 billion dollar bail out. Oh yes – 2009 is going to be one HELL of a year.

Paul L
Paul L - Monday December 29, 2008 10:38AM EST

FED bailouts benefit those companies they bailed out. However, it's bad for the economy and for the tax payers! In the end we (all of us) pay the ultimate price for failures of the few!

Paul L
Paul L - Monday December 29, 2008 10:39AM EST

FED bailouts benefit those companies they bailed out. However, it's bad for the economy and for the tax payers! In the end we (all of us) pay the ultimate price for failures of the few!

Yahoo! Finance User
Yahoo! Finance User - Monday December 29, 2008 10:39AM EST

And the Lions are from Detroit, just like GM and Chrysler

DawnE
DawnE - Monday December 29, 2008 10:43AM EST

getting real tired of Macke's smart-ass remarks all the time. how much negative comments can one guy make??

Paul L
Paul L - Monday December 29, 2008 10:56AM EST

Mony will lead onto only one path, greed (corruption)!! The government should pioneer new research to resolve common problems, not hand out free money to the rich!

SanAn
SanAn - Monday December 29, 2008 10:57AM EST

I quit watching Fast Money because these dorks have nothing to say and could not find their asses with both hands in broad dayligh. Why did I watch this? 2 minutes 16 seconds of my life I will never get back. Was it me or could they be any more smug and superior? "It's just the internet", what a crass comment from a guy with a sloping forehead almost as long as his ponytail and a shiny little dwarf with Vienna Sausages for fingers. Come on! Say something insightful, intelligent, or broderline factual. These two mooks did not have even a whif of this meltdown before it arrived, now they act like they are the only ones who know what is going on. Nice no call guys! My advice, do and think the axact opposite of whatever these two are slinging from the poop scooper.

Roger D
Roger D - Monday December 29, 2008 11:14AM EST

Blood in the streets 1/2 % fed now is the time to start nibbling

__A_YAHOO_USER__
__A_YAHOO_USER__ - Monday December 29, 2008 11:15AM EST

Needed for bailout = failure of capitalism(the greatest wealth transfer scheme ever devised). Why would Americans continue to listen to these guys. Labor creates wealth and these clowns simply live off the work of others. As Abe Lincoln stated - Labor creates capital, it comes before and is superior to capital. Always! I recommend these lazy pukes get a job. Their skill set indicates that Walmart greeter is right up their alley.

NicholasM
NicholasM - Monday December 29, 2008 11:21AM EST

OK, considering the proposed bailouts are running up the debt, the planned 3M "shovel-ready" jobs are short term fixes, commercial real estate is next on the bailout wagon, and we have yet to see how the XMAS season plays out (who goes bankrupt) ... I have to know how Johnny Ike thinks 2009 is the year of prosperity? Consider this: with all these economic incentives going on, the illusion of prosperity will be there until the bill comes due... then what?

charles.torre
charles.torre - Monday December 29, 2008 11:36AM EST

Who is going to bailout the taxpayer when taxes skyrocket?

NicholasM
NicholasM - Monday December 29, 2008 11:45AM EST

To the two(2) previous posts [ 11:24a and 11:26a] - Maybe you want to provide insight on the next 9 months of milk and honey. Please help us all understand the benefits of producing 3m jobs in "shovel-ready" industries... especially when those jobs are typically union jobs and they do not give up their turf easily. please help us understand how that is going to work. Also, please explain further planned economic stimulus proposals, i.e. middleclass tax breaks when the previous stimulus packages did not work well. And, lastly, please explain the complexities of getting sustainable jobs back into America when many of the legislators bargained American jobs away to serve their own interests ... Whether you are the same person fast posting, or two separate people, trying to be the smart kids in the stupid row is not a badge of honor. Consider this: you are the problem and because of your moronic ignorance, you will always be part of the problem. Go back to your crayons and try and in the lines.

Yahoo! Finance User
Yahoo! Finance User - Monday December 29, 2008 11:46AM EST

The socialists in congress have undermined the Bush administration and destroyed the capitalist economy. Now that the ignorant voters have elected Obummer, and congress is controled by the socialists, this nation is done. Work hard and share your wealth with ones who do not work, it is called the redistribution of wealth. Higher taxes and lower standard of living is the future of this once great nation, destroyed from within. President Nixon, warned us about "creeping socialism".

__A_YAHOO_USER__
__A_YAHOO_USER__ - Monday December 29, 2008 12:03PM EST

Plenty money to be made but it is not improtant what is important is your loyalty to God in Christ Jesus that is the true wealth......without any sort of greed, a riches that truly come from love.....A love from God..........

Les
Les - Monday December 29, 2008 12:04PM EST

sara_soda@ymail.com - you are far to intelligent to be answering anonymous posters that are so wet they are afraid to post their login names. No need to answer nonsense. They make no sense anyway.

charles.torre
charles.torre - Monday December 29, 2008 12:12PM EST

Strom Thurman, one our oldest US Senators, summed it very succinctly when he said "There are too many people in the cart, and not enough people pushing the cart." Although, I don't beleive he was totally envisioning the completeness of his statement, I do believe it is a completely true statement of ours and the worlds condition. Welfare for the rich is still welfare and there is no reason to bailout the wealthy. They already are reaping the rewards of the system they created.

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