Come the Fall of Night
So here it is, the financial crisis I've been grousing about for years now, egged on (more liked pushed downhill along greased rails) by the blatant malfeasance of neocon Republicans and venally self-centered Democrats, all merrily fiddling away at one another as the Empire burns away to ashes. No matter how bad I thought it might get, it never once struck me that lawmakers would continue putting politics above public good right up until the very bitter end, and possibly beyond- yes, the so called Paulson bailout stank to high heaven, but the concept that was supposed to be addressed was the speed of commitment, not the quibbling over details, and I've yet to see any substantial alternative put on the table that had a shred of credibility (mind, i've not really looked that hard for one, either). 780 points off the Dow is small change, compared to what happens if the bank to bank lending rate keeps climbing; this is the way the world ends... well, maybe.
I still like to think there is a hidden underlying robustness to the markets, that the fools on the Hill will wake up and move before it all becomes too little, too late, that the electorate will realize just what a bunch of stale beer McSame/Paleolithic is trying to sell to us all.
And maybe Santa Claus will bring me a pony, too.
I don't know, and I doubt that anyone really shall 'til it all plays out as it will; the next few days could well determine if Beth's grandkids will being paying installments on our debt to the Chinese, or if there really is any hope for recovery. As for me, I found myself utterly paralyzed today, as the corporate intranets locked up with all the inbound financial news traffic, as our stock shrank and our 401ks melted away: we have a bunch of cash in the bank still, but credit is key in our business running smoothly. Forewarned is seldom forearmed- as R had to point out to me tonight, it will all work out, and we'll get though this as we have before. Sometimes, all you have is the hope to see you through.
Hugs, ya'll.
I still like to think there is a hidden underlying robustness to the markets, that the fools on the Hill will wake up and move before it all becomes too little, too late, that the electorate will realize just what a bunch of stale beer McSame/Paleolithic is trying to sell to us all.
And maybe Santa Claus will bring me a pony, too.
I don't know, and I doubt that anyone really shall 'til it all plays out as it will; the next few days could well determine if Beth's grandkids will being paying installments on our debt to the Chinese, or if there really is any hope for recovery. As for me, I found myself utterly paralyzed today, as the corporate intranets locked up with all the inbound financial news traffic, as our stock shrank and our 401ks melted away: we have a bunch of cash in the bank still, but credit is key in our business running smoothly. Forewarned is seldom forearmed- as R had to point out to me tonight, it will all work out, and we'll get though this as we have before. Sometimes, all you have is the hope to see you through.
Hugs, ya'll.