Shoppers not shopping because the credit binge is over. Families struggling to afford food and gas in the car to make it to work. Oil hits a new high every day thanks to a weak dollar. People worried about whether their job will still there by the end of the year. Isn't self-regulation worth it though? Business has been able to realize the decades long dream of letting us know if there's a problem and guess what? They say "no problem" so who are we to argue? Team McCain has already brought together the leading Bush economic adviser along with good ol' Phil Gramm, who helped build this new and exciting banking system that we all watch in awe (or is it shock?). McCain will eagerly bring us more of the same.
Oil hit a record high, the dollar sank again, and consumers stopped buying pretty much everything.
Stocks kept gyrating, too, on Thursday, swinging between gloomy recession evidence and rising hopes that all the bad news would bring another aggressive cut in interest rates when the Federal Reserve meets next week.
The Bush administration, conceding the economy was facing ''difficult'' times now, rushed out new proposals aimed at next time -- plans to fix various problems that have led to a severe crisis in credit markets.
