All this and more, coming with a trillion dollar deficit bill that will go on for at least the next 10 years...unfolding just about 8.5 years after the US was in a budget-surplus situation. Thank you, President Bush!
Saturday, November 22, 2008
The US economy in shambles
So it has come to this. The masters of the universe have done it yet again. The Wall Street virus spread silently across all financial markets, carrying with it the debilitating disease of denial, the symptoms of irrational exuberance and the inevitable accelerated decline into dissolution. Meanwhile, with a raging recession fully under way, the NYT reports on Saturday afternoon parties (starting @$1000 per person) - champagne brunches on steroids fueled on a bit by severance packages and layoff settlements...and perhaps by a lot more of "recession-proof"players...drug money, oil money, defense money...and of course, the latest being government money. Trouble is that the government money is taxpayers' money...and so you and I are the chumps that are going to be left holding the bag at the bleary-eyed, budget-busting, economy-enervating end of this party...!
Subscribe to:
Post Comments (Atom)
Posts
1 comment:
I am no fan of Bush but in the interest of accuracy, the roots of this credit crisis lie in the 'third way' propounded by - you guessed it! - Big Willie Clinton.
PS: Move to Wordpress so that atleast legitimate WP bloggers can comment easily. You can still moderate to keep off psychos. Plus WP promotes your blog within the community very effectively.
Post a Comment