Continuing in economic news, the babbling Bush spoke this morning and the Dow had the usual reaction and dropped 107points before he retreated to his den. Why he thinks we are a prosperous nation is beyond me. We don't make anything anymore and jobs that used to be done in the US are now done in India or China. Joe Six-Pack (is he an alcoholic?) doesn't have the money to pay his mortgage, put gas in his car or food on the table and we're considered prosperous? I don't think that word means what he thinks it means. Unless he's talking about his buddies in the oil companies.
Quote of the day comes from a Matt Yglesias commenter regarding the bubble mentality and the stagnation of wages.
To a certain extent, this was the financial equivalent of taking down the speed limit signs, turning off the traffic lights, putting every cop on desk duty, and telling people to drink more beer. Don’t be surprised when there’s a massive pileup on I-80.Radical measures. Really? I see that we are going to inject more money into failing banks and Wall Street companies in a futile effort to stave off the inevitable. As long as every solution relies on giving those who gambled on Wall Street more taxpayer money to piss away instead of to the average person who will spend the money throughout the economy, we will keep falling until we hit rock bottom. The radical measure would be to give us the money instead of those who will only use it to line their pockets or go to a fancy spa.
So Bush has had a hard presidency. LOL. Like he didn't bring it on himself. Try being an American citizen trying to pay their bills or worrying about their loved ones fighting in Iraq or Afghanistan. Try being a mother and father who are trying to keep a roof over their head and hoping that their children will have a future that doesn't include poverty. Try being a compassionate human being instead of an enabler of the worst administration in US history. Try understanding that this country is in a world of trouble and doing more of the same thing we've been doing for the last eight years is not only foolish, it's crazy.
What I find interesting and disheartening at the same time is that in order to get real news, I have to watch the Daily Show and the Colbert Report. On the bright side at least we haven't had to suffer through stories about missing blond women or stars and their poor driving habits in quite a while.