Listening To Wall Street Sob

The thing that gets me motivated for work every morning, is dreaming of retirement. In the past few weeks, my dream of retiring comfortably in the near future has become a bit more like a nightmare, with the markets in a constant state of turmoil, the Dow tanking about 1000 points in a period of a few weeks, and The Fed taking an emergency action of lowering the interest rates three quarters of a percent on Tuesday. The fear of recession is everywhere, even though nobody will actually say that we are in one. Every indicator of a healthy economy has pointed to a pending bust for a few years now, yet we refuse to believe the numbers before our very eyes. America has squandered it's capital foolishly on bigger wars and bigger cars, and bigger homes, and has borrowed from countries like China and Japan to pay for it.

So basically, we're broke. You know what? deal with it, put some money in your savings account, clip coupons, and stop borrowing money.

What really gets me all in one of those arm-waving, red-faced, screaming, rants, is these rich guys on Wall Street. They're all about the government staying out of the markets, no regulations, no rules, until they F it all up, and start losing money. When they make unwise business decisions, such as risky loans, or questionable accounting practices, they scream for the government to do something, lower interest rates, throw some money out there so that they can stay in business. They despise government regulation, but the most regulated economies such as China and Japan are the only ones that actually have any money left to lend us, as we self-destruct. It scares me to listen to the business class as desperate as they were these last few days, begging the Fed to step in and save their rich asses, but I have to tell you, that it gave me a tiny bit of satisfaction.

The poorest Americans could care less about Wall Street's woes. They have no shares of GE, they don't have any mutual funds. As the housing market unravels, they will find less expensive places to live. And yet America looks down on those who use food stamps, and ask our government to provide assistance for medicine for children, or a decent place to live. Wall Street has received billions in assistance from the government in the last five months, and no one has called it Corporate Welfare.

There is this phrase about boot-straps that rich Republicans used to use when speaking about the poor.

Today the tables are turned, maybe its time the rich learned that even boots made by Prada come wth straps.

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