The News

Today it occurred to me. I am happy about the recent turn in news coverage in this country. The economy has taken a good tumble and now Uncle Sam is getting ready to kick it while it is down. The catch is he will offer a hand up while he plans his next kick.

While I disagree with many about the correct course of action, I find economic policy fascinating. It was just a few short months ago when the media started to focus less on international issues (e.g. Iraq) and more on domestic issues (e.g. the U.S. economy). I am elated. Economics is interesting, impacting, and challenging. It as about time we focused more on our own problems at home rather than abroad. In fact, the financial crisis may even for an end to a war that has become a tedious, fruitless endeavor.

Personally, I support the do nothing approach. Let us allow the market to function. If the market collapses it will eventually rebuild at a cost to the investors who took the risk. Not me. I am not concerned about people who invested blindly. It is your money and there is risk where there is opportunity.