Dow off 445; S&P hits 11-year low, page 1

reply to post by unityemissions

And a star for you, bubbaloo . . .

Clearly in discussing this with a lot of people, the severity and depth of the economic trouble in which we ar mired has not hit the masses yet.

In my workplace . . . automotive . . . there are still quite a few people who just don't get it. It is the same on the street . . . more chit chat about the latest reality television show and a glazed over look when it comes to discussing the economy and what is going on.

There's a mall right down the street from my workplace. The parking lot was jammed today when I shot out to one of our other plants for a meeting.

Unbelievable . . . and a lot of people are chatting up Christmas without a worry in the world.

Is it that they don't believe what they hear? Is it that they're not listening?

Or maybe it doesn't look all that bad to them yet.

Take a look at what has transpired over the past couple of months. Remember how our elected officials screamed a couple of months ago that if the bailout did not pass, money wouldn't get into the hands of the folks on 'main street' and there would be a collapse of our system. We heard veiled threats of martial law, lines for food, no jobs . . . hell in a handbasket, so to speak.

Well, the bailiout passed, no money went to mainstreet, the financial sector used a good chunk of it to make the rich richer, credit markets are still tighter than a drumskin and the corporate elite still go on their junkets, fly their corporate jets, vacation on the Company's ticket and generally live as though nothing was amiss.

In short, the powers that be don't appear to give a rat's patootie about it, so why should we.

Christ, take a look at the list and it's just from the last day or so . . .

Two of three CEOs on The Hill this week would not cut back their salaries in a 'gesture' of faith while they fellated Congress and the Senate for taxpayer dollars . . .

The president's twenty-strong dinner party sipped on $500 bottles of wine while discussing this economic catastrophe . . .

Some banker in South Carolina takes an $18 million buyout only after receiving a $347 million bailout from the government trough . . .

The presidential inauguration will most likely send Washington DC into bankruptcy . . .

So, what the hell are people supposed to think . . . it is business as ususal for Congress, the Senate, the President, the corporate shills, the economic elite and all those who cried wolf a few months ago, so why shouldn't it be business as usual for everyone else?

So . . . I guess it will take something catastrophic to make them take notice and until then I can only surmise that it is business as usual.