after the news of thursday, i am embarrassed for my government and its political system.
the congressional pouting and lipbiting and "i;m not going to meet with that guy" is beneath contempt.
we are talking about our country defaulting here's.
it's a race to the bottom between my country and greece to see who defaults first.
the greek crisis is keeping us problems out of the headlines.
it looks to me like our policy makers are looking at their own 401ks.
THE US STOCK MARKET IS NOT A PROXY FOR PUBLIC CONFIDENCE.
why weren't the oil reserves released when the price was $117,
and why were they released when the dow fell a thousand points?
chancellor merkel was talking about the amount of people to be bailed because of greek credit default swaps will be greater than the lehman debacle.
the counterparty risk here is unbelievable.
you and i both know that we will be bailing goldman, morgan stanley, and citibanks billions for upcoming greek credit default swaps.
why these haven't been put on an exchange or stopped is a total indictment of the BUFFOONS in washington.
this just happened a little over 2 years ago.
short term u.s. memory is notoriously poor, both of the public and politicians.
a president always running for president, too tiny to ever see beyond his campaign coffers, the next election, and his political bedmates, and a whole suite of republican 'leaders' encapable of managing a car wash, who want NO tax increases when our government is hemmoraging cash.
the empty cardio room of the ymca, before new equipment is installed-----