Monday, September 29, 2008

October's Blue Moon Meeting

Tuesday Oct 7. 7:30 at El Guapo in Denton, a few blocks south of the Square. (if anyone needs directions please email me.)

Topic(s) (?'s): How did we get to such a point of disconnect between the ultra wealthy and the rest of America? Are we witnessing the legacy of "trickle down economics?" Will the "buy back" (if it passes) be more of the same, will members of congress be voted out of office if they vote for it? Has anyone gauged the depth of disgust and anger that the populace have for the ultra wealthy and members of congress, and will this adversly affect the democrats or the republicans or both come Nov?Even top economists are disagreeing about how we got into this financial mess, what we should do about the mess, and the possibility that the house of cards is simply to fragile to save. Some feel if we had addressed the housing problem when "real" people began having trouble paying their mortgages, instead of banks turning their backs on the trouble, then the "asset" so many of these holdings are based on would not have lost its value and we wouldn't be tumbling so quickly. But that of course would have been "socialism".Within 2 weeks WAMU lost 16 billion dollars simply because people withdrew their money...does this show people do still have the power to send a message? (no matter how misguided) How does a politician get the populace behind them like that?--The Bush administration has used FEAR successfully...but now it seems even the Republicans don't want to play in the fear playground anymore.Hope all saw the debate. My finance bro has explained a lot to me and I have asked him for any articles he thinks would be important to read. Will send them on. The Biden/Palin debate? Not sure when it happens. Stock market lost 500 points this morning as the vote in the House happened....this is an incredible story in the history of the U.S.Sorry for bit muddled thoughts...trying to get all q's out there for us to think about and read about.Looking forward to seeing everyone.Justine

No comments: