Google Custom Search
Showing posts with label the global nature of the market slide. Show all posts
Showing posts with label the global nature of the market slide. Show all posts

Monday, October 13, 2008

Explaining the Unexplainable, Next Chapter

Here is yet another example of pure illogic:

George W. Bush, the Republicans, and John McCain are all to blame for the problems in the financial markets, supposedly.

Yet the crisis is g-l-o-b-a-l.

The problems occurring here at home are only part of the problem. Europe is in worse shape than we are, and the Asian markets are even worse than that.

So, how is it that George W. Bush, the Republicans, and John McCain played a key role in the plunging markets in China, India, Great Britain, France, and Germany?

If you answer it is because what started here had a ripple effect overseas, you would be wrong...well, partially wrong. That concept works both ways. As what happens in our markets effects other markets around the world, so it is true that what happens in THEIR markets effect us.

The fact is that all across the globe the markets based their value on a false overly-inflated fantasy, creating a windfall bubble in the short term. But when the bubble bursts as it always does eventually, the house of cards comes crashing down.

The Chinese, the Brits, the French, the Indians, and the Germans were every bit as gullible to the scheme in their own countries as we were.

So, tell me again why George W. Bush, the Republicans, and John McCain are to blame for this?

I know the answer! It's magic!

Those evil Republicans cast a spell on the whole world. And guess who is the only 'ONE' to break the evil spell?

Why...it's the Messiah, Barack Hussein Obama...who, by a wave of his magic wand will remove the economic troubles of the world and make everything all better for all the little boo-boos out there in la-la land.

Now, my little sweetie-pies, go to sleep while I sing a lullaby to you, and you will have sweet dreams of your Savior Barack Obama who saves all his little children from all harm and hardship...