Economic depression, 21st century style

My resolution--not to get down in the mud with the Republicans--has gone south, so to speak. McCain and the Bushies have used the probably manufactured financial crisis to sandbag the Democrats. This may be a tad conspiratorial, but boy, did these guys get religion fast. Quicker than you can say "I believe", the guys who brought you unfettered capitalism for the last eight years have had an epiphany--the times cry out for government intervention, according to the president and his minions.

This is pretty remarkable. First of all, the notion that there will be absolutely no mortages or car loans--the stick used by the president this evening--is absurd. There will be fewer car loans and mortgages, because people will be hurting and folks who can't pay their mortgages anyway probably won't be borrowing more . However, banks do need to make money, and the way they make money is by lending it--in times like these to folks and businesses with gold-plated credit ratings. And the people with the impossible mortgages won't be doing their part to keep this consumer-based economy afloat.

What is interesting is that the sense of the country seems to be--so what? We probably wouldn't have gotten a loan anyway. So while the Dems may have been thown a curve, the notion that we are giving Bush and his friends a blank check doesn't seem to sit well with even the so-called conservative base.

And here's the delicious thing: I heard Newt Gingrich on the radio the other day. He was saying, "Wait a minute" in that professorial way of his. And, he made sense. I never thought I'd see that day. And the other cheery thing--we haven't heard from the Gov. of Alaska for a few hours. Every cloud does have a silver lining.