...How can you not feel that emptiness in the pit of your stomach as you watch our financial markets spin downward? The broad stock market indices are down well over 40 percent since the beginning of the year. Losses are somewhere in the neighborhood of $9 trillion.
The real economic realities behind these numbers are starting to show up. The only question at this point is how severe the recession we are now entering will be.
Maybe, when everyone is depressed I am supposed to write cheery things to encourage folks. But I can't, because I care about our country and what I see is not encouraging.
We just had a presidential election that in some circles produced a lot of euphoria. But I believe that at some point -- I hope sooner rather than later -- many Americans are going to wake up and realize that this election was not a cure for our problems but a symptom of the disease....
"We Fail To Learn From History"