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July 11th, 2008

Bracing for the Next Great Depression

That post I wrote 10 days ago... let's just say that the today's market news concerning oil, the stock market, and Freddie Mac & Fannie Mae isn't exactly inspiring me with a lot of hope that I was wrong.

Oh, and let me just add that Phil Gramm can suck it for his "mental recession" and "nation of whiners" remarks on the economy. Talk about your overly elitist ass-holes. If this is the guy that McCain is relying upon for his economic knowledge should he become President, then we are even more fucked under McCain than we have been under Bush.

Rant over. Moose feeling a bit better about venting. :-)

Update to Previous Post

Just posted to Eschaton less than an hour ago: IndyMac Bancorp Inc. has just been seized by federal regulators and now rates as one of the largest bank failures in American history.

Yeah, Cheney, the coming recession/depression is all mental. { /sarcasm}

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