Economic Crisis - Are People Paying Attention...

Waking up this morning started the day off not in the best frame of mind. Mikayla was a little off and everything that Mark and I did did not seem to change her mood. So to say the least I was a little off myself. Mark and I were talking about Wall Street and what is happening. Americablog had a letter from a reader of their telling the story of how this couple had started to put money away for their retirment and how they had built built it up over the years and in just a couple of days the market is back to where it was when Bush came into power. And it is still falling.

So after Mark headed off to work, I started to look at the headlines (thise in the main street media as well as elsewhere - you know the place that the MSM doesn't want to go until people demand they report it) and here is what I found:

Bank of Canada Joins Global Central Banks in Providing Funds

The Bank of Canada joined the U.S. Federal Reserve and other central banks in providing extra cash for banks to calm financial markets.

The central bank of Canada agreed with the U.S. bank on a swap facility to pump $10 billion into Canadian money markets. The swap, which expires in January, will give commercial banks in Canada access to more cash if needed.

US To Declare October 'Economic Emergency', Suspend Elections

Russian Military Analysts commenting on these reports state that though it is unlikely that the American President can suspend US elections solely on the basis of an Economic Emergency alone, it is entirely probable that he could do so should their Nation suffer another 9/11 type attack, and which they ‘cryptically’ observe could place as early as September 22nd as American Military Forces begin to conduct their World-Wide tests of their new nuclear alert system as they conduct another test of their so-called Star Wars Missile Defense System.

Election Day Could Be a Mess

Faced with a surge in voter registrations leading up to Nov. 4, election officials across the country are bracing for long lines, equipment failures and confusion over polling procedures that could cost thousands the chance to cast a ballot.

The crush of voters will strain a system already in the midst of transformation, with jurisdictions introducing new machines and rules to avoid the catastrophe of the deadlocked 2000 election and the lingering controversy over the 2004 outcome. Even within the past few months, cities and counties have revamped their processes: Nine million voters, including many in the battleground states of Ohio, Florida and Colorado, will use equipment that has changed since March.

Worst Crisis Since '30s, With No End In Sight

The financial crisis that began 13 months ago has entered a new, far more serious phase.

Lingering hopes that the damage could be contained to a handful of financial institutions that made bad bets on mortgages have evaporated. New fault lines are emerging beyond the original problem -- troubled subprime mortgages -- in areas like credit-default swaps, the credit insurance contracts sold by American International Group Inc. and others. There's also a growing sense of wariness about the health of trading partners.

Finance Fatcats Live Large As Firms Crumble

It is one of the ironies of the subprime mortgage crisis that while millions of people stand to lose their homes because they can no longer afford to pay their mortgage, the people at the top of the financial institutions that wrote the loans or packaged the risky debt on Wall Street are still tucking themselves in at night, safe and sound inside some very ritzy real estate.

Now we have to think about this siuation that we are in. We have been under a Republican administration for 7.5 years. The House and Senate have been Republican run for the first 6 years. These people are not taking responsibility for the crisis that we are in. They want to blame, blame, blame. And then we have McCain, as the market was crumbling, stated that "fundamentals of our economy are strong". Then when the Powrs That Be in his campaign tell him that the market is crashing, he changes his tune.

With lies, foreign policy mistakes, connection to Bush, a running mate that has no concept of the world we live in, and now a lack of understanding the economy - how can people still think this person (campaign) are good for this country? It makes me worry.