Comments on: Whose economy is it, anyway? (Metro NY) http://demause.net/2008/09/22/143/ If we write real loud, we can stop this rain Tue, 28 Oct 2008 04:19:38 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: tom http://demause.net/2008/09/22/143/#comment-113 tom Tue, 23 Sep 2008 15:22:31 +0000 http://demause.net/2008/09/22/143/#comment-113 "Cheering bad times in hopes it will restore some sanity to our lives..." is exactly how I and probably many struggling workers feel about this Wall Street debacle. Don't get me wrong, I have friends in the finance industry and do hope they'll survive through this. It just frustrates me that our economy rises and falls with each risky bet Wall Street takes. And when there's a win, they get majority of the pot. There's a fundamental problem with how our economy is structured and that trickle down economics simply do not work. But good luck trying to convince our capitalist government that. I'm guessing in a few years after this bailout, the government will give back everything to Wall Street because a free-market works best...right. One of my coworkers (I work at a NGO) chastised me when I was ambivalent about the 500 points drop in the market. "You wouldn't be able to eat soon if this continues." I guess this is what has come down to: In order for the rest of us to eat, Wall Street must win!! “Cheering bad times in hopes it will restore some sanity to our lives…” is exactly how I and probably many struggling workers feel about this Wall Street debacle. Don’t get me wrong, I have friends in the finance industry and do hope they’ll survive through this. It just frustrates me that our economy rises and falls with each risky bet Wall Street takes. And when there’s a win, they get majority of the pot. There’s a fundamental problem with how our economy is structured and that trickle down economics simply do not work. But good luck trying to convince our capitalist government that. I’m guessing in a few years after this bailout, the government will give back everything to Wall Street because a free-market works best…right.

One of my coworkers (I work at a NGO) chastised me when I was ambivalent about the 500 points drop in the market. “You wouldn’t be able to eat soon if this continues.” I guess this is what has come down to: In order for the rest of us to eat, Wall Street must win!!

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