Does Anyone feel like Bailing

[tw]

Using economic stimulus plans (throwing money at a problem) simply encouraged America to play money games rather than innovate. Economics will again take revenge. Intel announced a $1billion reduction of sales in the 4th quarter.

With a market reduction of 40%, I had assumed the market had finally found a new, lower, and realistic value for America. A reduction directly traceable to George Jr's "deficits don't matter" and "welfare to the rich" (ie the secret changing of tax laws at the start of October).

I may have been too optimistic. Numbers (even in home prices) suggested that America (and your pensions) should drop as much as 40%. Based upon this Intel revelation and what may happen tomorrow (Thursday), America's net worth value may drop again. Show me where the real problems have been addressed?

Welcome to what happens when your government does nothing to avert Enron accounting and to throw money at problems. Even GM has no restructuring plans for good reason. GM is queuing up early for even more government welfare rather than fire Rick Wagoner and use 70 horsepower per liter engines.

Tomorrow, the stock market will again ask, "How much is America really worth?" now that so many Americans are MBAs rather than people who do something productive and innovative.

I had hoped the market found a bottom. Since we have not done anything to attack problems - ie Enron style accounting - and while even Cisco and Intel sales have tanked - we will see tomorrow what happens when "Deficits don't matter".

Of course, Palin could have saved us - as if George Jr's praying for guidance averted all this. Tomorrow, we will ask how much of America's wealth disappeared before government starting handing out billions like it was candy. Has America been only 40% overvalued - or were spreadsheet lies even more egregious?

Soon to line up for free government money - boat building companies. Clearly we must save jobs.