More Opinons on the Economy

Moe, over at Jezebel, thinks Wall St should go fuck itself. I concur. The country probably wouldn't be in so much trouble if lenders hadn't been so damned greedy for the past few years, giving out loans to anyone and everyone without so much as checking an applicant's ability to actually repay said loan. What, did they think the bubble would never pop? All bubbles eventually burst. Oh, and There are no guarantees in the stock market.

However, don't fret! Our old pal Dick says "we're [just] going through a rough patch." Ya think? Bet he doesn't lose any sleep at night, since his financial well-being is tied up in Halliburton, which is doing quite well, thanks to our unending war in Iraq (and our distraction from Iraq, thanks to fears about the economy).

Economist Joseph Stiglitz says:

"Think about it this way: the war has cost each American family about $30,000. That's more money than some families make in a year. For others, it might not bankrupt them, but it could sure make a difference. It's about the price of a new car - whether you wanted to buy the car or not."

Wow. A new car I'll never have.

Actually, it's not the "car" I'm upset about. It's the blind leadership we've had in politics and the financial world for the past few years that makes me sad. Five years after starting the Iraq war, Dub-Dub has the gall to say it has been "worth it." Wow, what planet is he living on?