The market is down again today. Last I saw it was somewhere around 11,000. Might be lower than that by now. Seniors who lived through the depression are in a panic. My poor grandmother pulled all her money out of her investments yesterday. Knowing her, she will likely start burying the money out in her backyard or something.
This is all something we are not used to in the US. I for one grew up in the 80's and 90's when the market was at times the best it had ever been. That's all we knew and we thought that would last forever. I guess I was not the only one who was wrong. Now we have legislators jockying for political positions in the elections instead of actually trying to fix the problem. Should we trust these people to handle a problem on this scale? If they fail we only have ourselves to blame. Democrats want to waste time talking about the problem. Normally I'd say that is a good thing. Instead now I am starting to get the feeling that they might actually WANT this to drag out a few weeks or even months. Every single day that we are uncertain about the future of our economy, is another day that Obama will lead in the polls.
Tragedy makes a presidency. An economic collapse only benefits Obama and the democrats. The republicans are not much better. They spend their lives preaching "less government" and when a crisis hits, turns out their policies are to blame and they pretend like they were on the other side the whole time. (Enter John McCain.)
Do I want the government spending 1 trillion dollars of our money on whatever they want to fix the economy out of the good of their hearts?
Thats laughable. We are going to get 2 million going to some wildlife preserve in Montana, more brail on ATMs or whatever instead of things that actually help the economy. How much of the 1 trillion will go to helping the economy in a real tangible way? If you ask me, maybe 60-70%. This whole mess is really sad. Maybe my grandma is right. My yard needs some work anyhow.