Tuesday, August 14, 2007

Something rotten...

According to the latest White House Jobs and Economic Growth report:

"The President's Pro-Growth Policies Are Helping Keep Our Economy Strong, Flexible, And Dynamic."

So dynamic, in fact, that it is apparently very easy for the economy to shit itself while no one was paying attention. So flexible that the economy of 2007 can contort itself into a near exact replica of the economy from 1927. It appears to me that the Fed and Treasury Secretary were so concerned with staying on message and promoting the President's Strong Economy propaganda that they missed or chose to ignore the impending sub-prime mortgage fallout, which dropped the bottom out of several types of bonds and securities, and in turn hit the highly volatile hedge funds very hard.

These are large markets that don't just jump around because someone issued a terror alert or a celebrity got busted for coke. These are the markets that (unfortunately) run your lives. The economy has long ceased to be a string of quarterly reports or an aggregation of earnings tables or a stock ticker at the bottom of CNN. This is a nearly sentient organism out of anyone's control. This is not something that breaks one day for no reason, and it's not something you can fix in a couple of hours. If I had any liquidity at all, I'd be buying all the Euros or gold I could get a hold of. But I don't because I live in Bush's strong economy where the average household savings is negative. It really doesn't matter much though, because we'll all be dead sooner rather than later.




Well, fuck. That won't imbed right, so here you go. Please watch the video at this link.


Oh, yeah, one more thing.

VOTE KUCINICH 2008!!!