Sunday, October 12, 2008

Gee-Seven worst days in Wall Street History

The Pres has met with the other leaders of the G-7 group, the world's leading economies— Canada, France, Germany, Italy, Japan, United Kingdom, and United States of America—and the future is still grim. they met, they schmoozed, but no concrete plans have yet emerged. "The G-7 agrees today that the current situation calls for urgent and exceptional action," the leaders, who are meeting in Washington D.C., said in a statement.

Well, this makes me feel better.

Incidentally, what's Italy doing in there? Isn't their economy basically run by the Mafia? And where's China?

Anyway even the Pres finally understands the Sh!te is hitting the fan. "Bush seemed to acknowledge that the lag is feeding anxiety on Wall Street. "These extraordinary efforts are being implemented as quickly and as effectively as possible," he said. "The benefits will not be realized overnight."
I got this from the Yahoo news.

The Pres says that the G-7 will "stand together" to work out this financial crisis.
Again, I feel a lot better.
In the meantime, Paulson is letting on that the gov't. may be buying shares in US banks, that is, effectively nationalizing our banking system.

Hmmm. "Nationalizing." Where have I heard this term before?

By God! We're all becoming Communists! O the Humanity!

Heh. It took a Republican president to go to China (Nixon, for the historically challenged) and now it takes a Republican president to lead us into socialism.

Me, i don't think a little socialism is a bad thing.
But like anything else, one doesn't want to go overboard.

Aren't these exciting times? Don't you wish they weren't?

Meantime, the Palin Person has been charged with abusing her power. Unfortunately it's within the lette of the law, but as usual in these situations, it is certainly in violation of the spirit.
Actually it's her hubby who is the major player here.

Hmm. Can you think of another political woman with a problem husband?

Enough. It's too late to be complaining, even for me.

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