Little girls jump-roping in the fog:
1,2 Freddie's money is due
3,4 Better close your store
5,6 Need a Congressional fix
7,8 Mortgage payment is late
9,10 Never invest again.
With apologies to Wes Craven (director of "A Nightmare on Elm Street") our economy went from bad to worse seemingly overnight. Until recently both George W. Bush and John McCain have falsely or naively proclaimed that our economy was sound and "doing just fine". When I started this blog I knew the Bush2 adminstration's pernicious policies and insidious agendae were a recipe for disaster. I even anticipated that King George the incompetent might even cause a depression, but even I didn't think things would get this bad. Inept right-wing decisions, unethical, greedy and morally bankrupt sub-prime mortgage weasels, an unnecessary war in Iraq with a $10 billion a month price tag, etc. might very well result in an even greater Great Depression than the one in the 1920s. Its a shame just about every American citizen will suffer due to Wall Street greed and the hubris of conservative con artists at the highest levels of our government. Hopefully Congress can fix the situation before we go the way of ancient Rome, Atlantis and the Soviet Union.