What a week. Wall Street falling apart, the stock market in freefall...and an unheard of almost TRILLION dollar bailout...if all this is scary for the people who understand it, think of how scary it is for us folks who DON'T understand it and assume someone was paying attention at the top.
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Too often we just go on with our lives letting someone else take the wheel, and we just watch the scenery go past. I could use this space to hurl blame at someone, but I'm not. I've heard enough talking heads on the Sunday Shows telling me that greed and deregulation are to blame. We can rail at the scam artists in the mortgage industry, or criticize the speculators, or the people lying about incomes to get homes that were far above their means, but what good will this all do now?
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We are already on track to lose a million jobs in the country this year. And this financial crisis has the potential to make it worse. Hopefully the Treasury Secretary knows what the hell he's doing with this bailout. It's a crap shoot really. The muckety-mucks say this may work/might not....and temper their words with with a lot of mumbo jumbo.
-As a final thought...do you think President Bush has a secret calendar under his desk? You know, marking off the days till he can go back and clear brush at the ranch and forget these eight long years ever happened. . . .
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