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Good Depression? GOOD DEPRESSION? Screw that, this is gonna be the best depression ever!! September 29, 2008

Posted by Robert in Humor, Politics.
Tags: , , , , , , , , , , , , , ,
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(Getty Images)

(Getty Images)

So how the hell did we get here?  As I type, the Dow is down over 600 points and the house has failed to pass the bailout bill that everyone except an overwhelming amount of normal Americans believe we need.  Sure, this is most likely just a very scared market working it’s way though a whole lot of bureaucratic uncertainty, but in case

Democrats are once again blaming the Republican’s for not getting their party unified.  Republicans are once again blaming the Democrats because they feel that the bill that was put forth was lacking any real substance and would end up doing more harm than good.

Of course, the answer lies somewhere in the middle.  But that’s always the trick isn’t it?

While you’re waiting to see what’s to come of your 401(k), perhaps you’re still a little confused as to why you’re in this situation if you’re like the majority of Americans who do their jobs and pay their taxes on time and are just looking to live comfortably.

His aim is also truth.

His aim is also truth.

Well very (very, very, very) good folks over at Public Radio International’s “This American Life” put together a wonderful program called “The Giant Pool of Money” that does a wonderful job explaining exactly what happened to bring us here.  It goes through the sub-prime debacle with enough interesting narrative to please the easily bored and enough hard facts and figures to please the more analytical among us. It’s a bit long for you short attention span web 2.0 types, but it might just be the most important thing you did today to better understand the situation that the world markets have found themselves in.

Best of all, you can listen to it in it’s entirety here.

And please do listen, because then you will know and knowing is half the battle.

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Comments»

1. msulik - September 30, 2008

End the fed. It’s plain and simple. Good job Rob.


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