Since it looks like the market's spiraling out of control, I figure I'll offer up some advice on how to fix it, since I can't actually fix it myself. It's not like the right people are going to be reading this anyway, but I figure I might as well write it out so that I can get it out of my system.
First, how to fix the economy: in short, elect Obama. It sounds goofy, partisan, and overly simplistic, but let me explain in business and historical terms. First, please read up on
the quick history of the first Great Depression in the United States. You'll notice by the graph that things literally did not begin to turn around until the labor-appeasing, labeled-a-socialist Democrat was elected to office.
Why did the turnaround happen? Simple: he increased government spending to benefit the working class significantly. He increased regulations on business and the free market, founded the SEC, and did a bunch of other things that made him the ire of the upper class. Why did he do this? He realized that the only reason the depression happened in the first place was due to the overpowering business-oriented government from the prior several decades.
... is this starting to sound familiar? And remember, the GDP began to climb pretty much the second
the liberal took office and
started screwing over big business. Because of that, the GDP continued to rise substantially over the remainder of his 3 terms in office. McCain is claiming that he'd do the exact opposite and freeze government spending, give more tax breaks, and basically take the path of Hoover. Moreover, McCain has been very clear in pointing out that Obama favors significantly increased government spending-- something that Roosevelt not only endorsed but clearly engaged in. And, look at where it got us: out of the depression.
So the choice this November is simple. If you want 4 more years of things getting worse, vote McCain. If you want 4 years of things getting better, vote Obama.
...and I assure you that I'm right. It just sucks that, like always, I've gotta sit in the backseat and let people decide their own path. Either way, it should make for an interesting show. :P
Cheers.