"We have no choice, but to adapt. We will learn some lessons, and things will get better eventually.
We have to believe that."
I think that's one of the main reasons that we are in this horrible predicament. We accepted what the Paulson and the politicians told us. Then Paulson starts handing our money out to the banks and they stuff it into their mattresses to make up for all their gambling losses. The banks are not going to lend any of "our" money to the businesses that need it to cover payroll or inventory. It's "thier" money now and they're free to do with it anything they want.
So the credit-crunch gets worse and we've lost 700 billion dollars but it's OK because "it's only money" and money isn't worth the paper it's printed on.
The lesson? Never trust a banker or a politican.
"things will get better eventually" - Don't hold your breath
Wednesday, October 22, 2008
Thing Will Get Better?
Posted on the 70 Something Blog: