The Sunshine Empire

As the Dow Jones Industrial average dropped like a republican dangling off a hot air balloon full of queens, nobody looks likely to blame George W. Bush.  Yet it seems every time the market makes a moderate upturn the financial media and the Wall Street Journal seem to feel it was from Dubya’s sheer force of will.  My friend Meghan holds Larry Kudlow in high esteem, but he seems to be reaching for straws feeling that all Wall Street investment bankers sit in cowering fear of Dennis Kucinich talking about stopping the Iraq war.  They are content to take a loss if Harry Reid opens his mouth on the Senate floor shooting some platitudes at the Moveon.org crowd.  I think that magical hand of the market is what causes financial fluctuation, and not a schoolgirl’s mentality toward world conflicts.  The world is just as dangerous as it was thirty-five years ago, it’s just finally dangerous for us now.   There are fundamental problems in the structure of our economy that cannot be healed by some touch-up paint and spackle.  Much as the late ’90′s boom became bust when the vaunted .com bubble burst, the latter part of this decade is nothing but an illusion of overpriced houses and too many mortgages.  Good thing we owe the Chinese.

Related posts:

1. Harry Reid And Another Awkward Attempt At Payback
2. Mayor 9/11 Thinks Wall Street Is Neat
3. Fillibusters, the broken Army, and the great wall around Texas
4. Reid needs to prove his resolve while Bush fiddles.
5. The Political ramifications of history as the commentary class fiddles