And on a serious note, AIG is still a sinkhole for money, the worldwide markets have crashed, and the DOW is below 7000.
This is not ending any time soon.
*** Update ***
In truth, class warfare is what the Reagan Era gave us: thirty years of tax breaks for the wealthy at the expense of the common weal, thirty years of lax regulations which enabled the bankers to strip-mine the savings of average Americans while reaping huge rewards in Ponzi schemes, like the micro-dividing of mortgage assets that were really debits. Once again, I’m not sure Obama’s proposals will work–some will surely be more successful than others, there’s a good chance that rather than being too bold, he isn’t being bold enough–but I am absolutely certain where the continuation, or augmentation, of Reagan-Bush policies would leave us: even worse off than we are now.
Joe Klein. You know, Klein gets a lot of grief for things he has said in the past, and I am not saying that grief is undeserved. He was as stupid and pernicious at some stages as I was when I was in full wingnut mode. But these days, at least since the campaign last year, Klein has consistently been one of the most interesting and reality-based pundits out there. I think for the time being, I am retiring the snotty moniker “Jokeline.”