Let's get this straight, shall we?
The economic crisis we are in did NOT occur overnight. It took years of mismanagement on the part of the financial institutes, stupidity on the part of the people who thought they could live far beyond their means, and deregulation by the Republican-run government.
So no, folks, we can't be surprised that in the first 50 days in office, President Obama hasn't reversed the situation.
The media needs to stop looking at every good day in the markets as a sign of recovery, and every bad day (or series of them) as a sign that the economy is collapsing yet again. The recovery will be a long, slow process.
Also, if John McCain and his fellow Republicans TRULY believe that letting a few big banks fail will somehow stimulate the economy and restore the population's faith in the markets -- and yes, they're actually saying this -- I've got two words for them: Lehman Brothers.
Bank failures are NOT a good thing. Bank failures do NOT instill confidence in the markets. To even imply that either of these are good things is among the more ridiculous things ever uttered by the Republican party... and that's truly saying something.
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Today on
howrudeareyou, Nina is guest-blogging on prostitots. And if you've had an encounter with rudeness of late, come over and fill out a citation on the site. Trust me, venting is a good thing. (Don't worry about photos, I'll pull one to go with your entry!)