posted on Sep, 19 2008 @ 09:28 PM
Originally posted by kosmicjack
As to the journalist...Mark whatever his name is on CNBC tonight made a very good point.
I'll paraphrase so you get the gist:
When asked whether he thought the plan was sound. He hesitated for a very long time and then said something to the effect that we were mislead in 2002
about the facts leading to the Iraq war. The government has lied to us in the past - what assurances do we have, what transparency exists -to
substantiate that this bailout is indeed necessary?
It was a stunning moment. You could just feel what little confidence that bloomed today just whither away.
I admire you that you can still watch the news. I'm a total news junkie to the degree that we usually have MSNBC/CNN/FOX/etc on in the background
when we're home, but this week I haven't been able to stomach it. I guess I've been feeling like I don't even need to watch it anymore because my
personal beacon of economic health has gone startlingly dim in the past few weeks.
I'm the pastry chef and my husband is chef de cuisine at a long-established restaurant. Even with times being tough over the past several months,
people have been going out to eat in droves. Dining out is a luxury most people are loathe to give up, something they hold on to as long as they can.
As long as the restaurants are busy, people are fairly confident.
In the last month we've seen business drop precipitously. Customers are down a good 50-60% and fewer and fewer are coming in each day. It's a
Friday night, and I'm always at work on Friday nights helping out here and there due to how busy weekends are. Last Friday I basically stood around
for a couple hours doing nothing because it was dead. Tonight I was on call to come in if needed, but the need didn't arise.
Friday nights in my area are bustling, busy nights with scads of people walking around, dining, shopping, having a drink at the totally hip martini
bar, etc. It's a beautiful evening, clear and cool, so the streets should be packed.
They're not. I walked around earlier during what should have been prime time and saw some kids riding bikes, a few people walking their dogs, and
not much else.
As it is we're barely bringing in enough customers to pay for the gas and electric for the day. People are starting to cut "dining out" from their
budget and they're doing it hard and fast. That's my personal beacon. Something is very, very wrong.