Almost Great Depression To Be Over This Week.
Exactly when this economic crisis began is arguable. Republicans often suggest that it was left from the Clinton years and point to evidence including excess growth, albeit benign, in 1994 and evidence of excess fluidity being addressed in December 2002. While there was occasional discussion by pundits on talk radio and the Sunday shows, the impending crisis didn’t begin to make the headlines until the Spring of 2008. Noticeably limping before the Masters and coinciding with the Bear Stearns collapse. By mid June 2008, it became obvious that things were not going to turn around any time soon and Tiger Woods announced after his heroic limping playoff victory at the US Open, that he would undergo more reconstructive surgery and would be out for ten months. Reaction on was immediate and has continued. Indymac Bank was nationalized. $300 billion subprime mortgage guarantee was put into law. The Fed nationalized Fannie Mae and Freddy Mac. Bank of America took over Merrill Lynch. Lehman Brothers collapsed. The Fed lent $85 billion to AIG. Paulson announced a financial rescue. WaMu was nationalized. Citigroup took over Wachovia. Congress passed the $700 billion TARP bailout bill. The crisis spread around the world. Obama was elected to stand in for our multi-racial and multi-cultural role model superstar icon. The markets continued to tank. Millions lost their jobs. Millions lost their health insurance. Wars continued. And so on.
It’s finally officially over. Tiger Woods is back on the PGA Tour this week at the Accenture Match Play Championship in Arizona (Sen. McCain, R). While experts believe it may be many more months before the recovery is complete, all the world awaits the markets’ reaction.
February 24th, 2009 at 10:54 pm
yup, tea leaves or Tiger Woods- optimism even quasi tongue in cheek seems to emerge, and leave it to onthewaythere to say sooth
for me the signs were purely personal:
where am i
last year my brain was in chronic fatigue
held hostage by the insanity of oppression of short sighted greedy hate mongers who turned middle north america in to the fourth reich poisoning minds, soil and air and exporting murder all over the world.
and to see the representatives who long for their lost fascism sitting on their fat thin and warped asses during young Jefferson Lincoln Roosevelt Kennedy’s speech tonight to usher in a new economy while the patriots in the land lauded and applauded gave me the sweetest, purest, righteous case of schadenfreude i never knew i could enjoy getting in my life.
otherwise i saw humanity emerge positive, brilliant and sexy
and vow to do my best to uplift myself and all that’s around me
and as for the details of the government’s sponsorship, for once in my life i trust the rookie wonks who have picked decent and bright advisors, labored and swallowed bile in compromises, and who promise to champion honesty.
how nice to see adults reasoning, arguing and fighting in an arena so little long ago awash in pigslop inane rhetoric, denial and deceit
and lastly, i feel humbled that i have yet to get my mind around our global economy’s condition, but safe in believing that all the wrong paths we will certainly stray down will be righted by a tireless reasonable bright and positive alliance of humans acting humanely