Sunday, September 28, 2008

The Great Depression Again?

What would it be? The Greatest Depression? The Great Depression the 2nd? The Great Depression Again? Yes, it's true over the years and as I've grown as an adult the news has always been depressing, negative, watch it to keep in touch but never much of a positive spin on much just in general. This is a whole new level.

I don't think we can even fathom what might happen. Even if this Rescue Plan comes to fruition, will that really work? Will the solutions work? Or will they cause other effects systemically throughout our financial market that bleed into our day to day lives in ways we don't like? I think its all possible. I really do. I'm an optimist most of the time but this is scary. Bad debts are increasing right now because people are losing their jobs and cannot pay their mortgages. Now folks will find it much harder to even GET loans for a car, a house, a anything. It's locking up.

I think unfortunately We the People are along for a ride we cannot get off of. Our culture of want want want and gotta have it now is rearing it's ugly head and getting ready to bite us in our butt. I don't think any of us will like how it feels.

-J

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