Well, it's finally happened... The incompetence and greed in Washington and on Wall Street has scared the rich people.
http://news.yahoo.com/...
"Panic" is the word being thrown about all over the country. The economy is where I said it would be over a year ago. People are stressed over their retirement accounts and the far right talking points are absurd. I heard a Republican "financial expert" respond to a question about what the "Baby Boomers" should do who were depending on their stock dividends to sustain them in their retirement years:
"They should," she said, "hold off on retiring for at least two years until the market comes back."
Can you believe ANYONE would actually speak those words to retirees who have worked their entire lives and believed in the "system" and our "leadership" to provide the security necessary to enjoy their remaining years?
Oh, and the next sentence from that "expert" was this:
"Maybe they should get a part time job to make up for the losses!"
A part time job?!?!? Who is hiring?!?!?
This too shall pass. In a couple of years the market will rebound and hopefully most will survive these hard times. I know it's difficult to cope with the dishonesty and incompetence which brought our country and the world to this point but there is little that can be done now.