Is it a repression?
“Stocks on Wall Street have tumbled this week amid the worst financial meltdown in the United States since the Great Depression.” (source: http://money.cnn.com/2008/09/18/markets/bc.mccain.ap/index.htm?postversion=2008091813)
Okay. So I am no financial expert. In fact, I am only a poverty-level earner that invests, doing what I ought to according to book advice from the likes of Suze Orman. Yes, I am in the “Save Yourself Plan” and I have a 401K that has lost moola and a few stocks that decline daily. As I watch the Market fall, and my very hard earned money decline, I cringe.
I have listened to George W. Bush say we are not in a crisis, until today? Finally the President of our great country stayed home to think this out. Times aren’t just hard. Time’s are the worst since the 1920s.
Good Morning George Bush. I am glad you are putting on your thinking cap. I hope many of the trusted and elected government officials are searching for answers.
I know people losing homes. I know people with no jobs and no unemployment bennies. I count myself as blessed as I work in an underpaid job that has high turnover and I am reliable and needed. But I am also on a teeter-totter as all my savings have been depleted to pay medical costs. My credit card debt is higher than it ought to be. I have no buffer savings if things go wrong, or worse.
For months those who ought to have been in control, or in the know, said we were not in a recession. Now are we in a depression? Or will we just continue to be in a repression? Stick our heads in the sand. Let major banks and insurers hit the brink, and bail, bail, bail, like hell.
Posted on September 18, 2008, in Economic Repression, Ordinary Day and tagged bail bail bail like hell, Depression, Economic Repression, poverty level earners who invest, recession, Suze Orman, The Market. Bookmark the permalink. 1 Comment.