Thursday, November 6, 2008

Don't Believe Everything You hear.......

At this point we should be really careful of what kind of information we pass on. Some of it can be termed rumor. Some of it can be called wishful thinking. Some of it can even come from a credible source. But most of it is bits and pieces and until there is more information to connect things, we can't be sure of some of the "stuff" we are hearing.

Just a quick example of how diverse opinions that are credible need to be looked at objectively and not jumped at as a conclusion: The stock market is down because we are in a recession. The stock market is down because the housing market collapsed. The stock market is down because people are saving too much/too little. The stock market is down because of hedge fund traders. The stock market is down because of greed by the financial institutions. The stock market is down because Greenspan didn't do something about it earlier. Too many, too few regulations. Not enough transparency. No watch dog. Fox guarding the hen house. Congressional blame?

Or, how about as simple a reason as too many people chasing too few dollars or any variation of basic supply and demand.

We talked about it before when the Congress started working on the first bailout and now we are looking at increases in that one and others standing in line. So call it unintended consequences or collateral damage or benefit, but take enough time to look at all the angles before bestowing credit or blame.

See ya,

1 comment:

The Wolverine said...

OK, the pity parties should come to an end. Let's get to work first by making sure our attitude is adjusted. Remember, there are still 93%+ people who have jobs, the democrats did not get to 60 senators, in spite of all that is going on, our economy is still the strongest in the world, and we can all still go to the church of our choice. You get the idea.

We now need to be diligent about changing the direction 2 and 4 years from now. There is no better time to start. Finding the right candidates is a huge step. If you hear someone trying to denigrate Sara Palin, stop them in their tracks and ask them specifically with which ideal/belief of hers they disagree. That will tell you a lot about the one with whom you are dealing.

Hold your heads high folks. We are still all Americans and this is still the greatest country on God's green earth.