Tuesday, October 07, 2008

Down goes the economy!

Unless you've been hiding in a cave for the last few weeks, you would have noticed that the economy isn't doing so hot these days. Normally you'd expect some ups and downs in the stock market but right now its just going down and I mean down in a massive hurry! Bailouts are everywhere and nothing seems to be able to stem the tide of mounting losses. Everyone has been touched in some way, whether its the fresh out of college employee watching his 401K looking kinda grim or the retiree that just realized his life savings was wiped out because his company went bankrupt or invested in bad debt securities. Well there is one silver lining that I can see, its not just our problem anymore! Muahahaha!

Oh how I've enjoyed watching the Europeans and the Asians start to flounder. Everyone over across the oceans thought it was a US problem, haha jokes on you! It's not our fault that they bought bad US debt securities and now they need some injections from the central banks in order to stay in business :) I'm just waiting for the begging to begin for the US to help bail out some countries economy with a huge package. It's funny that no one ever offers the US help but if something goes wrong its always the question of "why doesn't the US do something to help?". HUMBUG! There are billions of tax payer dollars going to foreign aid and my country is dealing with a trillion dollar deficit. I'd start pulling that money home to start funding infrastructure projects like they had when Roosavelt was president. Nothing like some new rail lines, roads, and an enhanced power grid to make things alright in the ole USA.

Anyway, thats the rant for now. More will be forthcoming in the next few days since I'm stuck at home.

No comments: