"The horror..."

Price jump worst since '91 on record gas, higher food - Jul. 16, 2008

Stocks and the market are not my issue of choice. I hate money - really, I hate it. Nothing good comes of it. That being said I recognize it is kind of important if I want to, you know, eat. And we all know how much I like to eat.

Yesterday I made the mistake of listening to all the news about Fannie Mae and Freddy Mac. Holy freakin' Moses. We might all die. A food crisis, a fuel crisis, the housing market is tanking, Wall Street is out of control, Iran is testing nuclear missiles, Brazil just found a gazillion barrels of oil and nobody knows how that's going to effect things, and this country is run by a bunch of bloody idiots.

As we know, July has been a bad month. My dear friend from Mosaic (see links to the side) came to pick me up and take me to work because I have no car. Bless her heart. And the first thing she says is "I've been listening to NPR - and Bush is speaking about the economy. I wasn't scared until right now. And now I'm terrified." And she was SO right.

For the last 7 years or so we have done exactly the OPPOSITE of what common sense dictates. You cannot slash taxes, especially for those who can afford it, when we are in a war. YOU CAN'T DO IT. The market will not "balance itself out" when you suck away at market resources. You do not have to have a degree in economics to understand that. And while I have any number of socialist rants about equitibility I could go on - if you lend tons of money to people who can't afford to pay them back - it is your own damned fault when you go broke. I do not see that as a comment on the quality of the borrowers - I see that as a complete and total lack of ethics on behalf of lenders determined to turn a profit regardless of who is hurt. And low and behold it bit them in the ass. Once again - these are not hard concepts.

And now our liberal-market priests are panicking because "holy shit - this didn't work out!" So what do they think the right response is - government interference. Okay - putting aside my firm belief that the liberal market is evil and largely based on immorality and greed, bringing in the government to fix a huge mistake made by the government would be comic, were it not for the fact that the whole world will suffer.