Yes thats right one of McCain's economic Advisors thinks
we're [not] on the brink not of recession, but of accelerating prosperity.
You think Im Joking?
The guy saying it today in the Washington post is Donald L. Luskin chief investment officer of Trend Macrolytics LLC. He is says in the op-ed
Full disclosure: I'm an adviser to John McCain's campaign,
This is, well, INSANE
But no surprise--McCain Believes him
MAybe on the brink of Acelerating prosperity for the richest Americans
SEIU understands that real people are feeling the economy:
Today is the day "securities firm, Lehman Brothers, hurtled toward liquidation after it failed to find a buyer," as another step towards a financial apocolypse.
Other Crazyness- Merrill Lynch is selling itself and
The American International Group is seeking a $40 billion bridge loan from the Federal Reserve, as it faces a potential downgrade from credit ratings agencies that could spell its doom, a person briefed on the matter said Sunday night.
AIG The giant insurer is also on te verge. This is shortly after it booted its CEOMartin Sullivan who was pulling in 11 MILLION dolars in pay. Of course the company had it shit together for protecting everyone and wass way more reasonable with Sullivan's replacement.
AIG said Willumstad's target annual cash bonus was set at $8 million, and his target for annual long-term incentive pay was set at $13 million.
(what the fuck is wrong with these people)
Maybe the NY Times understands a bit better than Mister Luskin.
the broader economy, [] has been weakening steadily as the financial crisis has deepened over the last year, with unemployment increasing as the nation’s growth rate has slowed.
At least Wall street was working its magic.
Wall Street dealers held an unprecedented emergency trading session on Sunday afternoon in a frantic effort to prepare for the possible bankruptcy of Lehman Brothers and limit the knock-on losses of its collapse on other financial institutions.
So explains the Financial Times.
What does Lehman's crash mean. Well amomg other things
The potential sharp fall in the value of these credit instruments could feed through to lower prices and illiquidity across the credit markets, which remain very dysfunctional over a year after the US mortgage crisis first hit sentiment.
Yeah Baby Nothing like ACCELERATING PROSPERITY
Or maybe its the worst economy that has been around since the great depression.
lets see what Alan Greenspan has to say ...
"Oh, by far," Greenspan said, when asked if the situation was the worst he had seen in his career.
Greenspan's chat
Well I guess the accelerating prosperity is under the control of the "Fear and greed' of the financial system
Fear and greed are the stuff that Wall Street is made of. But inside the great banking houses, those high temples of capitalism, fear came to the fore this weekend.
Fear controls
Thank God-- Senator Old White Wrinkly Guy has a plan for the economy.. Give the rich Guys even more.McCains Delusional tax plan. Of course thw politicos in Washington have an ever growing problem themselves.
Chicago, IL -- "Today, we learned that Washington has run up a record budget deficit of $407 billion this year, more than $1 trillion worse than the budget surplus President Bush promised for 2008 in his first budget. John McCain wants us to think he represents change, but he wants to spend $3.4 trillion more than President Bush on tax cuts, most of which will go to the wealthiest corporations and big oil companies and leave more than 100 million middle-class families without a dime of tax relief. Barack Obama will bring real change by cutting taxes for middle-class families and small businesses, paying for all his proposals to reduce the deficit, and will put America on a path towards fiscal responsibility and a stronger economy," said Senator Barack Obama.
Obama on the Deficit
So whats it all mean ?
for me... that I'll give some more $$ to the Obama dude because I've been lucky and want other to have the ability to take care of theor families as well.
please do your part