Anyone really worried about the state of our economy?

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Permalink Reply by Mary Wallace on December 15, 2008 at 8:11am

every single american should be worried. but that doesn't mean panic, or give in, or give up. It just means 'be prepared to take some lumps that do not have your name on them'. If you have a subprime loan, if you are an autoworker, this is not your fault. The banks and shadow banks, thru de-regulation, were allowed to create billions of not-real dollars in their loans. Its just that simple. Now those bad loans are bankrupt and banks/shadow banks have no cash, because they lent out thousands of times what they had in cash reserves. I am worried about my kids and my cash flow, as are most americans. I'm stocking away cash in my savings account at my credit union. but the larger solutions are out of our hands, in the hands of the exact same people who created this problem. Except for the larger vision of the people coming in to the new Obama Administration. They understand that the 'market economy' does not work without some oversight. The rich are richer (see the $5000 dress onsale at www.net-a-porter.com, it used to be $8,000, so its a bargain). This is a chance to look at all of our systems from a mom's eye view. We can't have things operate without some loving discipline, some concern for our neighbors and a healthy questioning of 'why are you doing that?' as a mom does to her exuberant, immature children. I believe moms are the solution here.

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