Sep 30 2008
Bail Out
.
I won’t pretend I’m an economics major. I won’t pretend I know exactly what is happening and what is going to happen to Wall Street, or how, exactly, we got to this point. I won’t speculate as to why, after years of “the country is in recession” this is the first time I’ve heard anything about why and how it is in recession. I won’t pretend that all those who spoke out about the recession aren’t suddenly eerily quiet. I also won’t pretend that I don’t know it was government interference that may not have pushed it in this direction, that interference, that policy, definitely nudged it toward the wall like Dale Jr. I won’t pretend I don’t see the pattern, and I will definitely not pretend that I’m not reading Atlas Shrugged and it is more than a little creepy—considering.
But I will ask: What the fuck, people? Seriously?
3 Responses to “Bail Out”
Leave a Reply
You must be logged in to post a comment.
Not A Member? Register for Free!
But playing pretend has worked so well for our government! (sarcasm font here)
Because in a very real sense, the “Market” is a living, breathing thing. Confidence, or lack of, drive the market in terms of losses and gains. The reason no one wanted to say we were in a recession is because of the knee-jerk reaction it would cause on Wall Street.
FE: yesterday, the rescue bill was defeated. The market plunged 777.68 points in three hours- the single largest one day drop in history. This was a human reaction to the perceived lack of assistance, and it caused panic.
I hope that helps a bit.
Cheers
www.therelevantrhino.today.com
I’m going to have to go back and give the book a read. but I’m with you on the wtf.