This Is Getting Ugly….

http://money.cnn.com/2008/09/29/markets/markets_newyork/index.htm?cnn=yes

777 point plunge in the Dow???

$1.2 trillion in market value lost in one afternoon…

Bottom line, this is not even the time for me to bash the GOP for enabling this situation to unfold…

It’s really more of a time to freak the fuck out…

All I have been hearing is, “Don’t worry, the bailout will get done…” or “It has to get done, if not, our credit system will collapse…”

Well it didnt, and yes, now shit has fit the fan…

Not that I’m some huge fan of paying for Wall Street’s mistakes, but if this is the consequence? We need to make a compromise…

The common man doesn’t give a fuck about partisan disparities within the Senate…they want to know why the value of their home, their only substantial asset is plummeting or why they have lost thousands of dollars in their 401k in the past few months…

So here are some of my initial thoughts…

I don’t have time to sit here and analyze big business vs. government regulated businesses, to me it’s passed that point…

I’m more interested in, where does this leave me?

Did I actually make a mistake by going to college???

Because I know there’s a handful of motherfuckers form my senior high school class who decided to skip college and get trades like plumbing or painting…

And that shit was funny at the time, but now they have the stability i desire…

Ain’t that some shit!

Meanwhile, I’m stuck overworked, underpaid, bitter, and in debt…

Booooooooo

When they said, “It will get worse before it gets better…”, apparently they weren’t lying…

The real devastating reality of this general economic uncertainty is that while the media will report on the stock broker who lost a few million in a weekend or the billion dollar corporation whose shares fell 15%…they don’t emphasize the family of 5 who just went from a dual income to struggling to survive on one paycheck while putting their kids through college…

Or the single mother who can’t keep up with the recent increase in the simple things needed to survive like food and gas…

I mean really, that stockbroker may be crying but those tears are a lot richer than the factory worker who just lost their job and now has to consider selling his house below value just to survive, while the other guy has a Rembrandt hanging in his living room….

Gimme a fuckin’ break…

If this doesn’t get resolved by Wednesday, Mike James and myself are taking this operation to Mexico…

Fuck it…call this shit And This Is My Mexico?

Sand…Sun…and muchas tetas y cervezas!!!

Logical

D.Smith

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Published in: on September 29, 2008 at 9:17 pm  Comments (6)  
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Well I’ll Be Damned…

http://www.cnn.com/2008/WORLD/meast/09/23/ahmadinejad.us/index.html

“As long as the aggressors, because of their financial, political and propaganda powers, not only escape punishment, but even claim righteousness, and as long as wars are started and nations are enslaved in order to win votes in elections, not only will the problems of the global community remain unsolved, but they will be increasingly exacerbated,” the Iranian leader said.

 This is probably the last person in the world we as Americans would want commentating on our lackluster position right now in the global and domestic market…

Why?

Because this isnt your average, run-of-the-mill, foriegn, player-hater just looking to bash us because we are materialistic and hypocritical…

No, this is a man who could possibly be declaring our weakness on the global stage as a prelude to whatever sick and twisted plot he has for this nation…

If you read this article, every topic he touches upon…the answers leave me scared…

Not at the prospect of what he may do…but the fear is more directed at the vulnerability of our nation…

Weak dollar, shaky credit system, the demise of essentially all major investment firms, bitter citizens, not to mention our dependence on oil…

I mean we are pretty much up shits creek without a paddle…

Take a look at this excerpt from a different CNN article, outlining another attempt by Ben Bernanke to mobilize the bailout process…

Bernanke explained how the credit crisis is rippling out through the economy. He said it has gotten harder for businesses to get the loans they need to create jobs, and for consumers to get loans to buy new vehicles – hurting both automakers and auto workers.

“I realize it’s a very complicated story,” Bernanke said. “Banks are holding all these complex hard to price securities. This approach is one way to address the problem.”

A “complicated” story???

Thats some euphemism Benny!!! – In layman’s terms? We are fucked!!!

Great Depression 2.0…live and direct…

 

Logical

D.Smith

Published in: on September 24, 2008 at 3:07 pm  Comments (1)  
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