http://feeds.foxbusiness.com/~r/blogs/emac/~3/400860432/

Ya know…the upshot of this might be proof that McCain will be shown to be correct: the basic economy is strong.

http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html

http://www.americanthinker.com/2008/09/how_allies_of_george_soros_hel.html

Yeah…definitely check out AT these days!
Flopping Aces also has some good discussions.

Articles today quote President Bush as saying (and agreeing with a host of commentators, even conservative commentators):

Bush noted that the maximum $700 billion in the proposed bailout was huge, but was dwarfed by the $1 trillion in lost wealth that resulted from Monday’s stock-market plunge.

“Because the government would be purchasing troubled assets and selling them once the market recovers,” he said, “it is likely that many of the assets would go up in value over time. Ultimately, we expect that much – if not all – of the tax dollars we invest will be paid back.”

Ah, yes. The taxpayer bailout is OK because we’ll certainly recover all of the money. But when the stock market goes down, its value is lost forever. Conservatives are gleefully pronouncing that Pelosi cost America a trillion dollars yesterday. What a piece of CRAP that kind of arguing is, and I’m ashamed of conservatives for joining in the chorus. The market goes up, the market goes down. Trends over much longer periods of time are what’s important.

Claiming anything is lost or gained due to a single day’s results, or even a week’s results, is so far beyond ridiculous that words fail me. I know blaming Pelosi is a lot of fun, but this is beneath the prudence and wisdom that conservatives normally display.

Since when did conservatives think that wealth is a zero-sum game? Since when did we forget that government cannot create wealth, that only the people, engaged in productive enterprise can create wealth?

I don’t mean to dismiss the crisis. But using a model of short-term thinking as if it describes reality just drives me up a wall.

=)