Tuesday, September 23, 2008

Wow

Here's one seriously frightening and depressing take. The whole thing is worth reading so I hesitate to clip from it. Or maybe it's hooey. How do I know? My biggest misery, so far, about the financial crisis is that I'm not sufficiently educated in the right topics to evaluate what I'm reading.
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3 comments:

Scooter said...

Very depressing. My gut, rather than my knowledge, tells me nobody else knows what is happening or how to fix it either...that's why I call for caution. I know I pretend to know about economics but this is such a specialization...the financial markets.

Action goes against everything I believe about markets but the cry for action from some of those I trust alarms me.

It's bad enough when my libertarian bones resonate with a seeming need for government action but when it is (as Treebeard might say ) "hasty" government action, I shudder no matter who's in office.

September 23, 2008 at 8:05:00 PM CDT
Stephanie said...

And have you heard that the administration has been working on a plan for months? They've just unleashed it on us suddenly and presented it as a must-do-ASAP thing. See here: http://www.dailykos.com/storyonly/2008/9/23/124453/470/612/607556

And yes, I'm afraid anyone in office could lead us astray, but I must say that I'm REALLY not wishing Sarah Palin was in charge.

September 23, 2008 at 8:18:00 PM CDT
Scooter said...

I have heard it and either it is a huge lie or a huge political gaffe for not telling us earlier.

September 23, 2008 at 9:08:00 PM CDT

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