Econ-101

Here's some tings I absolutely know about the economy:
1. Buy low, sell high.
2. Admonitions against all eggs in one basket are true.
3. Saving for a rainy day is good because over the course of a lifetime it rains alot.
4. Have a penny, leave a penny. Need a penny, take a penny. That only works at the deli, everywhere else it's just dumb policy.

I woke up this morning and heard for the first time that we are on the brink of a Great Depression. I hadn't heard this before today.

It's election season, so the first thing I do is question the ethos of everyone who speaks to me, good or bad, about the current economic crisis. Everyone in government lies, all the time, and the media has an agenda that is not always well-intentioned, so it's time to do some independent research. Here's what I learned.

1. Herbert Hoover, a Republican, did not cause the Great Depression he warned about the coming doom, but he exacerbated it by not signing relief legislation.
2. George Bush grinned his way through the past eight years and didn't warn us about the impending disaster, but he is in an ultra-rush to pass legislation. Some would say recklessly.
3. John McCain is grandstanding and using his campaign suspension as the ultimate political advertisement. What great free press! How silly. I want to see them debate right now, at the height of the disaster.
4. Barack America really appears clueless about what to do, yet Warren Buffett, America's cool rich guy is supporting his presidential candidacy. Hmmm, that is most interesting.
5. We are being told Congress has 72 hours to pass a bill or the economy is over. If that is true, why did everyone, Congress, the media, the Bush Administration, wait until we had three days until death? Were they not aware or were they too busy not paying attention?
6. Is it possible that an extended recession right now without a bailout, is preferable to a bailout and it's effects on all of us in the long run?
7. Hey George W....Support the Executive Cap on bonuses. Your explanation that it is no good because people will not want to take the positions and therefore will harm their companies is the stupidest thing you've ever said.
8. Hey Congress and George W....immediately pass severe restrictions on speculators in the oil market. Some analysts say gas will fall to $2.00 immediately. Wow, that would be quite a bailout for all of us.

Hope we're all here tomorrow...