The Economy: Will work for funds.

The news today was not good for us America. Today the Dow Jones had the sixth largest drop in its history. In first place is the crash of October 19, 1987, followed by The Great Depression in spots 2, 3, and 4. The next biggest drop didn't even occur in the 20th century! To really put this in perspective, it is now the 21st century. The number 5 biggest drop occurred on December 18, 1899. This was also the S&P's worst percentage decline since the day the market opened on September 17th after the tragic events of 9/11.

Even with all of this Republican Presidential nominee John McCain stated today that " the fundamentals of our economy are strong"(Jacksonville, FL). Dude, are you kidding me? I don't know which of your unknown number of houses you are watching the news from but the economy is screwing the pooch right now! Sure, I know that after your little ad lib you back pedaled and then stated that "these are very, very difficult times" and that "we will never put America in this position again". But just how clueless about the economy are you? You cannot state in a speech that the fundamentals of our economy are strong and then in the same speech state that the economy is in "crisis"(Orlando, FL) and that "we've got to fix this economy, which the fundamentals of are at great risk right now". WTF, dude?! You just said they were strong! I'm sorry Mr. McCain but you are out of touch not only with the economy but with the American people.

President Bush stated that "in the short run adjustments in the financial markets can be painful, both for people concerned about their investments, and for the employees of the affected firms". However, "over the long run, I'm confident that our capital markets are flexible and resilient, and can deal with these adjustments". These views are eerily similar to those held by President Herbert Hoover ...during the DEPRESSION! President Bush also stated, "we're working to reduce disruptions and minimize the impact of these financial market developments on the broader economy". 'We're working'? Are you serious? What have you been doing the last 8 years? Taking a break? When did you decide to start working, because it damn sure wasn't um, I don't know, 8 years ago!
So what does this crap economy mean to me? It means that gas prices are higher, so it costs Americans more money to put gas in their fuel tanks so that they can go to work and get laid off (ie. Lehman Brothers, who just a week ago were all assured they still would have jobs). It means that once they get laid off they won't be able to afford the house they live in. It means that they better not be poor and get sick because healthcare is getting cut across the board. States are going to have to face some tough choices. They will to have to disqualify certain groups from coverage, cut benefits, reduce payments to doctors, or charge more in copayments. To mean specifically it means that even though there are more houses available then there are buyers I can't find a house to buy because even though I (middle class American) am more than able to buy a house, I have to compete with other rich dudes who are able to make cash offers on a $500, 000 home that they will then rent to me.
The American Middle Class is no longer slowly fading away, it's disappearing faster then some crack up Amy Winehouse's nose at a Whitney Houston house party! Listen, millionaires want to be taxed the same as people who are not millionaires, and even though it may not seem fair to others, to me thats just plain stupid. If I were to tax you on 20% of 6 million, you still have over $4million. But I am not a millionaire. Hell, I am barely a thousand-aire, and if you tax 20% of my $40, 000, for example, thats $8 grand your taking from me. If I am making $40,000 a year then $8000 is close to 4 months rent in california. I hate to use this cliche, but the Rich keep getting richer and the rest of us are just getting poorer. Tell me what you think.