Tuesday, September 16, 2008
Like a Lead Balloon
Well folks, in spite of what presidential candidate John McSame said yesterday ("The economy is fundamentally strong), the stock market sank like a lead balloon yesterday on the news that Lehman Brothers declared bankruptcy. Of course the one stock holding I have left also dropped drastically in value yesterday. Thus the great Ripoff continues under this Republican administration. And yet we hear "Extend the Bush tax cuts! The economy is fundamentally strong! I'm the change agent! Barack Obama is a Muslin! Sarah Palin is our saviour!" Do you get the feeling that the world is closing in around you? Shortly after George Bush took office I took money out of my bank account (cash) and placed it in a safe place just in case the whole banking system collapsed. At the time some friends of mine thought I was taking extreme measures for something that was unlikely to happen. My "extreme measures" are seeming less and less extreme every day. Fact: I sold all the stock in my IRA account a couple of years ago when the housing market started to collapse. I put those funds in various certificates of deposit. The last CD I had was with a large well known banking institution called Lehman Brothers. The same Lehman Brothers that declared bankruptcy yesterday. Thus, I missed my one cycle of having all my life savings in a failed institution. That was too close of a call for me. I don't want to panic but I keep getting this sickening feeling that the bottom is going to drop out of life as we know it. I hate to be a Debbie Downer, but look around you. We're in a never ending war. The stock market is collapsing. Forty seven million people in this country have no health insurance; and those that do have trouble finding a doctor who will accept new patients. Global warming is fact in spite of what George Bush and his Kool-Aid drinking followers claim to the contrary. And yet the discourse we get from the little man who the Republicans nominated for president is lies, lies and more lies about the Democratic nominee. And the sad fact is, that too many people who vote in this country will buy into those lies. The Republicans know how to use the fear card ("Bar the door Katie! The gays are getting married!") I don't know where this country is going but it doesn't look good now. At least I have a few dollars stashed away for when McBush and McSame totally destroy this country with their selfish and short sighted policies. This blog was not intended to be political but sometimes it's hard to stay away from this subject when one sees that this country is headed towards disaster if John McCain and his moose field dressing vice presidential candidate is elected to serve out another four years of the Bush/Cheney regime. God help us.