Well. We survived Gov. Palin’s debate debut. Other than the fact that she ignored questions actually posed in order to provide answers no one asked for and repeatedly rehashed discredited political garbage, she flubbed relatively few times. She staunched the bleeding wound of her annointment by Sen. McCain. But I don’t think she helped him.
And now, the Great Bailout of ’08 has been passed. The philosophers Otter and and John “Bluto” Blutarsky captured this historic moment perfectly.
“This calls for a really senseless and stupid act on someone’s part.”
“Yeah. And we’re just the guys to do it.”
No one knows if this hail Mary of all hail Maries will set the credit and securities markets on a course toward recovery, but… the Dow closed down, and unemployment hit a new high. Probably just coincidence.
In spite of all this, I remain optimistic; because I think sometimes, even a senseless and stupid action is better than taking no action at all. I don’t think Stephen Hawking’s brain melded to a Cray supercomputer and USB’d to a chain of “masters of the universe” securities traders could figure out just how much is wrong, what it will take to fix it and where to start.
Frankly, how smart can these guys be if they’re not bright enough to realize that loaning money to people who either don’t document their income or demonstrate that they actually can’t afford the grossly overpriced real estate they’re buying?
As my friend Taylor Bledsoe says, “Never underestimate the power of an ornery critter.” This country is nothing if not an ornery critter, so I am cautiously optimistic.
May the Higher Power of your choice bless this nation.