It's kind of like watching a car crash in slow motion. You don't want anyone to get hurt, but you can't look away out of fascination in finding out how far the car will roll before it comes to a stop up its roof. Clearly people are in a panic and selling whatever they have for whatever they can get. Meanwhile, people who actually have money realize what's actually going on. Stocks are on sale. Warren Buffett has bought $8 billion worth of stock in TWO companies...THIS MONTH.
What does the government want to do? They want to be your landlord, and now your banker. At this rate it won't take Obama to usher in American Socialism. It'll already be waiting for him when the rigged popularity contest hands over the keys to the White House.
I guess the only upside is the price of gas. I actually saw a line at the pumps for $2.79 gas at one station last night.
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