So looking around over the last few weeks I have to wonder what the heck is going on.
I mean come on, just about everything is melting down, the
Oh sure, the two nitwits running for president of the US are having a grand ole time slagging each other and repeating the same tired old mantra over… and over… and over again. But what of somebody standing up and saying… we are in trouble because of: {insert real solid non partisan answer here} All they seem to be able to do is repeat the stump speech. I loved Palins answer to the mortgage crisis in her Katie Couric interview. You know the one, the one where her answer covered EVERY single stump speech talking point in less than a minute and was SO good that when Tina Fey did her spoof of the interview she quoted her WORD FOR WORD!
I am also tired of economists who have shown quite unequivocally that they do not know their hole from an ass in the ground continuing to pontificate and offer suggestions. These are the folks who last February should have seen the potential for what COULD happen and then helped to guide the banks and the country through it all. When it all started, anybody could see that a hyper inflated bubble was about to deflate. A smart person (Bernanke, Paulson, anybody???) would have seen that if a bubble was about to go down, it was time to perhaps insert a surgical needle, maybe with a little Vaseline to help it go in smooth… then slowly let some air out of that puppy. This would have been especially important given the fact that it was very clear that this bubble was constructed out of some very shaky material that nobody really understood. If that needle had gone in, we could have had a controlled deflation… instead, we let the free market take a steak knife to that balloon
The exact date of the start of this mess was Feb 9 2007. Bonus points if you can name the single “shot” heard round the world that started this mess.
While we like to blame all sorts of people, and all sorts of institutions… (because god knows personal responsibility is out of the question) we are all to blame. Republicans, democrats, rich, poor… all of us. True, the government and the fed should have recognized some signs back in say… 2001, and instituted some sort of controls, but that is not what happens in a free market, we let everybody screw themselves.
As I attempt to be better than many other bloggers and actually continue to write… I will talk more about my thoughts on what really happened here. And in many other places.
Things to come include Healthcare, Autism, housing, job market, and whatever else my tiny brain comes up with.
