The Woodsonian National Institute

Monday, September 22, 2008

Sitting in an English Garden, Waiting for the Sun



These are some strange times.

I can't even begin to expound on the implications of something like this:

The proposals being debated are the centerpiece of what would be the most sweeping economic intervention by the government since the Great Depression.

Paulson, Federal Reserve Chairman Ben Bernanke and other officials have said in recent days that the lack of easy credit between banks and other financial institutions threatens to inflict serious damage on the economy if not addressed immediately.

The plan would allow the Treasury to buy up troubled assets from U.S.-based companies and foreign firms with big U.S. operations. The aim is for the government to buy the securities at a discount, hold onto them and then sell them for a profit.


This isn't the time for any more cute questions, either. So, I'm really at a loss.

It seems like a time traveler from the future landed on the Eastern Seaboard a year or so ago, stepped on the wrong caterpillar, then, all of a sudden, the world financial system collapses and Brett Favre gets traded to the Jets.



Something's a little off, to say the least.

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