Sunday, September 28, 2008

The sky is falling?

The problem with having a government that lies to you is that one day it may tell you the truth and you won't believe it. Is that happening now? I have no idea. Economics strikes me as a branch of religion, and all this discussion the equivalent of arguing about how many angels can dance on the head of a pin. I don't like being asked to have faith in politicians I don't trust.

One economist today said if nothing is done, and quickly, stocks will fall 3000 to 4000 points in a day. This beings to wipe out a ton of retirement funds, including ours. Is he right? Who the hell knows? Is the cure going to be worse than the disease? Who the hell knows? The fearful politicians seem to be focusing on managing Wall Street's fear. Whatever happened to "we have nothing to fear but fear itself"?

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