Now with the 2nd presidential debate tomorrow coming to Nashville - yes, you read that correctly - and us without a wee chance to commandeer a seat at Belmont College, the small, private Christian school that is paying millions to host this event - even to the point of overriding their rule that says "no liquor on campus" to set up a booze tent for the visiting journalists and whatever Baptists that can manage to stay incognito that evening. So, we shall sit in front of the TV and watch 2 men stumble over unanswerable questions on this unprecedented event in our nation's economy. God bless their hearts as we say in Nashville; I wish them both the best.
Personally, I think it's just a good, old-fashioned recession with that mortgage thing thrown in on the side. Too much lending, not enough saving; too many jobs shipped overseas finally catching up with us as we outsourced most manufactured products to China and we spent a lot of money we didn't have on a war, which should have meant a lot of defense jobs except it wasn't World War II. In terms of wars, it's still a small war; it just costs a ton. And people die for no reason.
No kidding, when the Dow hit 14,000, I said to Bill that if I had a button to push to put everything in a safe spot I would do it because I thought that was really high enough for me. But it was too much work while I was working since I don't just call a broker (which maybe I should). So my new motto is, maybe we weren't all meant to be this rich. Especially those guys on Wall Street. Those pictures above are of Dick Fuld's (CEO of Lehman Bros. the failed Wall St. firm that is causing a lot of this mess) Greenwich CT home. He has others. Like McCain, he probably doesn't know how many.
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