Wednesday, October 15, 2008

Oh. My. God.

Well, after waiting for it for thirty five years when I was a young guy, it seems The Crash finally decides to show up when I’m old and gray. Yep, it sure looks like they really screwed the pooch this time. When they actually start saying the words, “worst economic crisis since the thirties,” things have to be bad. Make no mistake, this is the direct result of conservative economic policies that have been pushed on us since Ronald Reagan. What we are seeing is the loudest repudiation of those ideas that could occur.

Let’s see, they come up with a 700 Billion dollar bailout, but the markets around the world precipitously drop. Last week the Dow drops 2500 points or near a quarter of it’s value, the largest in HISTORY. Everyone got excited when it went up over 900 points on Monday, only to see that wiped out by today two days later. Now the Dow is not an accurate measure of the economy, but it does reflect what the business class thinks of the economy, specifically, it’s future.

It isn’t through yet. They say the bailout got them through to the election three weeks away. More than likely there will be some more serious tremors after that, especially the beginning of next year.

Locally, pretty much everyone I know is in a slump and have been for months.

I’ll still be holding my breath for the next three weeks, but it seems that Obama may win this election unless it gets stolen by the Republicans which is still a very good possibility. There is voter suppression going on in a number of states that just happen to be considered “battleground,” and they still control the damn machines. The Obama campaign is pushing people to vote early, if possible. We did here in Georgia a couple of weeks ago. I read this morning that over 500,000 have voted in the state already.

I’m really thankful for the meditation practice that I’ve taken up this year. Things are getting pretty crazy out there, and it’s my spiritual refuge.

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