Thursday, May 20, 2010

Another Exciting Day at the Casino

The stock market falls off a cliff again, this time by more than 376 points.

So much for the economy being in "full recovery." The economy will recover when people are back at work, making good wages, and spending money. I don't see how austerity measures in the middle of the worst economic slide since the 1930s is supposed to accomplish that. I should think we would be wanting to put as much money as possible INto the economy instead of taking it out with drastically reduced spending.
I suppose we could always start another war. Hitler and Tojo scared the bejeezus out of everyone, and so the USA embarked on a massive government spending program called World War II that finally pulled the country out of the Depression. Thank God we won that one.

How about a 7 billion dollar bailout for all the rest of us?


The Religious Pícaro said...

To be fair, Hitler and Tojo did a little more than just scare us.

Göran Koch-Swahne said...

Stock markets are not the reality! And the undelying problems from the Chicago/Reagan years are still around. A lot more needs to be accomplished by an unbelieavalbly corrupt political system...