Tuesday, September 30, 2008

Why I will never get to retire

I was in a meeting this afternoon and the chief source of conversation quickly degenerated into a discussion of the vertigo-inducing free fall of the financial markets which was in progress. The DJIA ended the day down 777 points. Our company stock fell 15% today. It's now lost 2/3rds of its value for the year.

Lots of nervous jokes and pale faces in the meeting.

Candidate McCain quickly blamed Obama for not pulling along enough votes to get the bailout recovery plan to pass. This was after he failed to drag along more than 40% of the Republicans.

Bush now expects the Democrats to carry his water?

Why in God's name would anyone expect that to happen? Despite the brainwarp this induces, 60% of the Democrats did vote to pass it.

The fact that 60% of the GOP legislators decided to give both Bush and McCain the bird on this does not bode well for the Senator from Arizona. It probably doesn't bode well for the GOP up for election this year, either.

Meanwhile my 401k looks a lot more like a 201k.

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