Monday, October 06, 2008

Run for the Exits?



Here's a very general FAQ on the bail-out. And an opinion on America's place in the big picture. I'm still not finding any one source of reassurance that rings true. It's good news that Warren Buffet is buying. And my sense is that this is only a temporary shorts poke that we have to grit out teeth and take.

But I know what isn't an Rx for recovery: higher taxes on corporations. The financial ignorance of the average American is illustrated by the fact that Obama can get away with saying that he wants to soak the corporations and fat cats while "keeping jobs here in America".


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