Wednesday, September 17, 2008

The Economy is Fundamentally Sound


Sorry for the lack of posts in the past couple of days, been hard at work finishing up The Barbados Experience project, but damn, feels like the economy is officially collapsing. Lehman Brothers, Merrill Lynch, AIG FEDs Rescue AIG - $85 BILLION LOAN are all kinda scary. You mix that with Freddie Mac, Fannie Mae and the collapse of Bear Stearns (March 16th of this year) and it's safe to say we are on the verge of a financial disaster. Seriously, what's next? Wall Street is looking more like Cotton Candy Street these days, but yet John McCain says "the economy is fundamentally sound" and his right hand man Phil Gramm says we are in a "mental recession". NICE. Below is Barack Obama's speech yesterday about the state of the economy.

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