Paper, Time Running Thin
I've never been one to worry about finances. That's not to say I shouldn't, or I haven't freaked out before. It's just that I've always had a presiding feeling that everything will always work out. I guess you could say I'm a proponent of laissez-faire economics.
The current plight America is getting into, it's actually
concerning me. I know there's been growing issues, and everyone--the
media, politicians, activists--they've been outspoken about the dire
times coming. But recently, the last day or so in particular, have been
dramatic: Merryl Lynch was bought out. The Lehman Brothers filed
Chapter 11; the loan companies are going under, and the insurance
companies backing those loan companies don't have the money to hold up
their client's assets.
The Fed was so concerned about the economy's state today, that, for the first time in nearly a year they refused to lower the interest rate.
And finally, however less detrimental, but hitting home nonetheless, Napster was bought out (read: rescued) by BestBuy at a fraction of its value.
Earlier in the day I was picking up a sandwich. I had NPR on, listening to their political discourse. One of the speakers brought up a point that I've been chewing on ever since: These politicians are very polarizing; an older candidate vowing to have economic change that will work, and he claims to know from experience. The other, a younger candidate speaking of more drastic change, without the experience, but comes with the idealistic gameplan.
As times appear more perilous, do we take the traveled road with the weathered veteran, or trailblaze with the bold and vigorous captain?