Economy troubled?

First off, Colin Powell endorsed Obama today. First, Powell criticized McCain's choice of Sarah Palin, saying that the qualifications for the job of vice President is basically the same as President, and Palin is not ready. Second, Powell said America does not need ANY MORE conservative Supreme Court justices (which intrigues me as a student of the judiciary... I wonder which issues Powell is referring to??). Thirdly, Powell described a President Obama as "electrifying for the world." Fourthly, Powell said it was not about race.

(To read more: http://www.msnbc.msn.com/id/27265369/ )
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The economy... what gives?
Are we screwed?

A poster at Paul Krugman's blog pointed out that from its peak in 1929, right before the fall which started the Great Depression, the stock market did not recover in real world dollars back to its 1929 peak... until... until... any guesses?.... 1954.

25 years later.

So, let me get this straight. The market peaked at 14,000 in 2007, coinciding almost precisely with my entrance into the white collar world... and if history repeats, this "market correction" might not actually correct itself until the year 2032???

President Bush said yesterday, "In the long run, the American people can have confidence that our economy will bounce back."

http://krugman.blogs.nytimes.com/2008/10/18/we-are-all-dead/

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In the paranoid conspiracy theorist segment of my blog, let me just tell you my latest theory: Big business was 100% behind the so-called "war on terror".

Why do I say this?

One reason: A NYT article points out that one-third of the FBI was PULLED OFF of "white collar crime" detail, to be transferred to the 'war on terror'. Now, these multi-millionaire criminal CEOs are totally OFF THE HOOK.

So for the last few years, these robber baron CEOs have been raiding the till and there's just not enough FBI men to investigate. Even when the FBI KNOWS that crime is taking place.

Apparently, all the FBI men are too busy listening to FISA phone taps.

I just hope those phone taps are for real criminals, and not to find out exactly who is supporting the Republicans or not.

http://www.nytimes.com/2008/10/19/washington/19fbi.html?_r=2&hp=&oref=slogin&pagewanted=print&oref=slogin