But how can that be. Everyone is hurting. Every politician and economic pundit is saying so. I guess hurting doesn’t mean broke. Yet…
When the media stops beating the end of the earth drum we’ll find out things aren’t nearly as bad as they would have you believe. What we do have is a correction. Not just in financial institutions but in homes across America. You can’t spend your way to financial bliss. You better be saving somewhere.
If you do, you’ll watch in fascination as the country runs around in a panic.
Last year at this time I was in Iraq. The fact I’m home is enough for me to be pretty damned happy this thanksgiving. Now if the Turkey doesn’t burn I’ll be fine.
The Economist has a article on why the US Auto industry shouldn’t be bailed out. I pretty much agree. But of course the flood gates of “free” money are already open.
This Atlantic article is pretty interesting. Michelle Rhee the new Schools Chancellor ( A recent position) seems to be shaking things up in DC with Education. It appears the old guard doesn’t want change, nope they are plenty happy with terrible schools and keeping kids down.
Rhee, responsible not to a school board but only to the mayor, went on
a spree almost as soon as she arrived. She gained the right to fire
central-office employees and then axed 98 of them. She canned 24
principals, 22 assistant principals, and, at the beginning of this
summer, 250 teachers and 500 teaching aides. She announced plans to
close 23 underused schools and set about restructuring 26 other schools
(together, about a third of the system). And she began negotiating a
radical performance-based compensation contract with the teachers union
that could revolutionize the way teachers get paid.
That will get some attention.
This is a comment I left at Blackfive and Uncle Jimbos post” Good Luck to President Obama”.