It’s the Economy Stupid

Perhaps one of the greatest political catch phrases of all time is “It’s the economy stupid”, which Bill Clinton used against G.W.Bush’s father and subsequently went on to win the election. The rest is American history, recently many have been upset after John McCain’s top economic advisor said America is “a nation of whiners.” He claims we are in a mental recession, and not an actual one, McCain has since distanced himself from his economic advisor. While his economic advisor statement maybe vaguely true in many areas, Americans are paying more for gasoline and other expenses. I don’t think its in my imagination that I’m paying $4.10 a gallon for gas every time I go fill it up. Meanwhile yesterday, IndyMac Bank became the second largest financial institution to close in US history. That’s pretty bad news for customers with more than $100,000 at IndyMac, since the federal government only insurances deposits up to $100,000.

As usual to allow my readers to have an unbiased version of the stories I’m talking about. I encourage you to read the article on “the mental recession” for yourself.

IndyMac

Lastly, today its Gayathri’s twenty birthday so don’t forget to wish her a Happy Birthday and a wonderful day 🙂

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s