A couple of weeks ago, I came across the following quote by financial historian Ron Chernow regarding the state of the government/politics/the economy:
"I fear the government has passed the point of no return. We have the irony of a free-market administration doing things that the most liberal Democratic administration would never have been doing in its wildest dreams. It’s pure crisis management. It’s the Treasury and the Federal Reserve lurching from crisis to crisis without a clear statement on how financial failures will be handled in the future. They’re afraid to articulate such a policy. The safety net they are spreading seems to widen every day with no end in sight."
Now we have a Senate-approved "bailout" package that will either save us from economic disaster, delay economic disaster, or do nothing to stave off economic disaster. It's the best patch-job available, I guess, for our faltering house of cards.
Let's look, shall we, at the two presidential candidates' positions on the economy:
All right, so neither candidate has really stepped up on the economy and their position on the "bailout". That is smart politics, but not great leadership. Part of the problem is that both recognize the unspoken extent of the crisis and don't want go there.
This job calls for a man with nerves of steel and a very steady hand. Yes, I am talking about the greatest card artist in the world, Mr. Ricky Jay. Though this is a video, the effect of this trick is terrific. Sue and I saw it "live" at his show a couple of years ago and it is a stunner:
And now for the Quote of the Day:
"I've had a perfectly wonderful evening. But this wasn't it." -- Groucho Marx
1 comment:
I say Ricky Jay for President.
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