Tuesday, April 22, 2008

financial panic

From Michael Ramirez in IBD (hat tip: World)

To some (unmeasurable) extent, whatever we're going through now-- whether a slow-down, down-turn, or official recession-- was probably caused by Congress and the President raising a ruckus earlier this year. In recent months, it's been some in the media who may be artificially deflating consumer and investor confidence....

Cartoons By Michael Ramirez

6 Comments:

At April 22, 2008 at 7:39 PM , Blogger Vinny said...

I paid $3.75 a gallon to fill up my car yesterday. I don't need the media to tell me that sucks.

 
At April 22, 2008 at 8:26 PM , Blogger Eric Schansberg said...

I feel your pain!

Much of the increase over the past year has been caused by the declining dollar. And must of the dollar's depreciation has been caused by a combination of easy money by the Fed and the "macro stimulus package" and additional debt of Bush and the Congress.

 
At April 22, 2008 at 8:36 PM , Blogger Vinny said...

The "macro stimulus package" is a drop in the bucket compared to the credit binge the country has been on for the last six years.

 
At April 22, 2008 at 10:18 PM , Blogger Eric Schansberg said...

Preach it, brother!

Now, if I can find enough voters who feel the same way!

 
At April 22, 2008 at 10:26 PM , Blogger William Lang said...

I noticed this evening that the Marathon station next to campus has regular at $3.66 now. My decision to buy a home 1.5 miles from campus is looking better by the day. But I guess everyone is wishing they live closer to work: I heard some news story this week that the suburbs furthest away from the city center in many places are where the house prices are dropping the most. Environmentalists have been complaining about urban sprawl, but the market seems to be solving that problem.

 
At April 22, 2008 at 10:43 PM , Blogger Eric Schansberg said...

Perhaps ironically, our government's unfortunate monetary and fiscal policies are contributing in a round-about way to limiting/diminishing urban sprawl.

 

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