Dow up....to a 30% drop!

Sorry if I'm not breaking out the party hats for the Down getting back to 9000 today (and back within 2000 points of where it was....8 days ago). 10 years of being told by Boomers that the market always works in the long run, and I see the S&P down 10% since guys my age have been able to have any chance of investing. And thank God I don't own a house.

Ownership society? Fuck that. Give me a good-paying job and secure benefits, and I'll gladly take the extra taxes. You know why? Because there's no point in cutting income and capital gains taxes WHEN NO ONE'S GROWING INCOME OR CAPITAL GAINS ANYWAY! And this is leaving out the whole "being China's bitch because of our deficit," thing.

If you're the one non-Jake person reading this, don't be an idiot and vote McCain. Vote for the guy that actually has a clue about our problems, and some sort of coherent plan to fix it. It's not that hard, it really isn't.

Quick hit

The last 2 weeks have been rather unbelievable. Amazing what happens when you hire people to look the other way and let business and individuals be as reckless as possible. It's like folks never understood that Gordon Gekko's "Greed is good" was meant as a bad thing.

The amount of deficit and debt we will have to make up as a result of these last two-three months will take years and a heavy drawdown in growth along the way. Hang on tight to what you got, because payrolls are down over 750,000 so far this year, probably 1 million for the future, and no room for government to give the jobs or boost to get out of it. As a city employee, I have major fears over what will (or won't) be able to be passed down to state and local governments, which has already suffered greatly under this administration.

But in the meantime, I'll do my part to help Q4 GDP by being in bars for 6 hours before UW-OSU. I don't have much hope after last weekend's big meltdown in Ann Arbor, and the Brewers awful performance is no salve either, but I've been surprised before...