economic malaise

Not much time - maybe 3 mins at most since I've gotta drive to Bend for my sister's b-day lunch - but have to post on Mort Zuckerman's comments last night on the McGlaughlin Group (sp?). The editor of U.S. News and World Report predicted that we are entering what will be the biggest economic downturn since the Great Depression. All signs are bad, he said, including the downturn in the housing market, the credit crisis, personal debt, and government debt. It kinda freaked me out. I also watched the Charlie Rose show on PBS as I try to do every Friday night. Not as much said by the economists interviewed on that show, but I can't help but wonder how Morgan Stanley's economist, who must have been behind the company's $5 billion bailout from China, really felt about the nation's economic future. And who is really behind this tax break to stimulate spending by Americans? GW Bush visited the Middle East last week, and bam!, the Americans get a tax break and are encouraged to increase spending. Where does that money come from, you ask? Those who we owe know that we can't be allowed to go into an economic malaise. Otherwise, their investments will be lost. Let's get the real scoop on who is making decisions for this country. It's not Americans any longer. It's the rest of the world.