what do you think needs to be done?
A VEGAS BULLETIN FOR YOU.
the criss angel show at the luxor, according to today's paper, is a complete disaster. some of the comments by showgoers were; "unsalvageable waste of time", a "dead end" show that literally put some people to sleep. "everyone in the bathroom was chanting 'bull- - - -", "it was absolutely awful. you can't BELIEVE (the title of the show) how bad it is because it is terrible!"
the review goes on but i think you probably have the gist of it...just a word to the wise. as a resident of las vegas and an entertainer i always want the people who come here to have a great time because they are the ones who come back and apparently this show is a real stinker.
i have a friend who has a phd in economics and taught that subject at the university level and many years ago he told me that if you go to one university and take economics and then go to another university and take the same subject you could be taught something entirely different because in the end no one really knows how the economy works there are way too many chaotic factors involved for there to be a for-certain theory. i bring this up because today our always on duty representatives are voting on giving billions of dollars to the people who got us into this mess in the hope that they will somehow get us out of it. i must admit that the latest bill does a lot to answer some of my and i am sure, your, questions and concerns especially in the oversight powers given congress. man, i don't know.
it is now later in the afternoon and the financial bail-out bill has failed and the markets have tanked with a drop of 777 on the dow. while you would think it would be the democrats balking at rescuing the country from a republican lead crisis it is, however, the house republicans who balked. so much for john mc cain pulling his party together. though i must say that the situation is so dire that both sides must put politics aside and work together before this gets out of hand, or more out of hand as the case may be.
we have lost jobs every month of this year. since bush has been in office real wages have stagnated and jobs have been lost. we MUST put people to work because if we don't we are looking at, not a recession, but a depression.
i will write more later but i look forward to what you all think.
the criss angel show at the luxor, according to today's paper, is a complete disaster. some of the comments by showgoers were; "unsalvageable waste of time", a "dead end" show that literally put some people to sleep. "everyone in the bathroom was chanting 'bull- - - -", "it was absolutely awful. you can't BELIEVE (the title of the show) how bad it is because it is terrible!"
the review goes on but i think you probably have the gist of it...just a word to the wise. as a resident of las vegas and an entertainer i always want the people who come here to have a great time because they are the ones who come back and apparently this show is a real stinker.
i have a friend who has a phd in economics and taught that subject at the university level and many years ago he told me that if you go to one university and take economics and then go to another university and take the same subject you could be taught something entirely different because in the end no one really knows how the economy works there are way too many chaotic factors involved for there to be a for-certain theory. i bring this up because today our always on duty representatives are voting on giving billions of dollars to the people who got us into this mess in the hope that they will somehow get us out of it. i must admit that the latest bill does a lot to answer some of my and i am sure, your, questions and concerns especially in the oversight powers given congress. man, i don't know.
it is now later in the afternoon and the financial bail-out bill has failed and the markets have tanked with a drop of 777 on the dow. while you would think it would be the democrats balking at rescuing the country from a republican lead crisis it is, however, the house republicans who balked. so much for john mc cain pulling his party together. though i must say that the situation is so dire that both sides must put politics aside and work together before this gets out of hand, or more out of hand as the case may be.
we have lost jobs every month of this year. since bush has been in office real wages have stagnated and jobs have been lost. we MUST put people to work because if we don't we are looking at, not a recession, but a depression.
i will write more later but i look forward to what you all think.
posted by Ron Shock | 9:27 AM
3 Comments:
It's been turned into a political sideshow, some how, some way, and that's absolutely to the detriment of the entire country.
I wish I knew more. I don't know enough about economics to know if it will even help this problem, but it sets an amazingly bad precedent--If your company is big and powerful enough, take enormous risks--if you win, keep the cash. If you lose, get bailed out. If the companies are really worth saving, some other company will buy and use the assets.
Unfortunately, the deal isn't dead yet, just this particular version. Sometimes "nothing" is the proper course of action, but politicians don't believe that. We're very likely to see some bailout, maybe with time for reflection it won't be a disaster that my grandkids will still be paying for.
The people who voted against it - including almost 100 democrats, did so because email and letters from their constituents were 99 -1 against this bailout.
I'm not an economist and the emotional side of me would have liked to see this pass and avoid - at least temporarily - the 700 point Dow drop. However, something will get passed. Do we need to pass it in a panic. And panic is the word. The bill, even if passed, wouldn't do anything for at least 2 weeks. So why the big drop now? Panic. Emotion. That's why.
So while you can blame the Republicans all you want, maybe, just maybe, it was those Republicans that took a step back and said 'Hey, calm down. Let's look at this." Who knows. I just think that passing a bill with a gun to your head might not be the smartest move. There were plenty of economists that said this isn't a good idea and that this bill would move us ever so close to a socialized financial system. I know a lot of you here would like that but I don't.
So - blame whomever you like, but Pelosi should know better than spouting off and finger pointing before an important vote that was already tenuous at best.
Congress lived up to their 9% approval rating.
So much for the Democrats view that everyone should own a home regardless of their ability to pay. Barney Frank was a huge proponent of that and now he is in charge of fixing it? That is scary.
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