Thanks to Liss, I had to watch a bit of the American Idol final auditions to keep my heart from palpitating.
See, for some reason, I am not appreciating all the townhall meetings. All the talk about stimulus, with action still not forthcoming – blowing up into a battle between the Left and Right. Lots of ways to spend money, not so many ways to *make* money. The talking is actually really annoying, and I’ve passed the point of being disgusted with the folks who are supposed to be representing us and acting in our interests.
The longer I live, the more it becomes clear that we are all the same. None of us has ever come this way before. Some of us are better at learning from others and others’ mistakes, but most of the time we’re all just making it up as we go.
When you figure out that we’re all just making this up, you realize how much more important it is for those people in positions of responsibility to learn as much as they can about whatever it is they’re responsible for. We have to be diligent, because we are actually running things. That is a scary thought sometimes.
So check it out:
According to Kanjorski, on September 18, 2008 the Fed tried to “stem the tide” by pumping money into the financial system but it didn’t work and decided instead to announce an immediate increase in deposit insurance to $250,000 per account to stop the panic.
Said Kanjorski: “If they had not done that, their estimation is that by 2 p.m. that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.