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I only hope that the realization comes before November.  Most US citizens are still trying to figure out why the death of Lehman matters to them.  I think the media are starting to fear that the collapse will really now matter to them---declining advertising for starters.  Too many are only just beginning to realize what is happening.

It is the old saw:

When your neighbor loses his job, it is a recession.

When you lose yours, it is a depression.

Given the popular ambivalence about the "Bondfire of the Vanities--Master of the Universe" financial types on Wall Street it is easy for most to just think that these guys are getting what they deserve.  It still has to sink in that they themselves may be "getting what they paid for" in terms of the quality of life brought to them by the leaders they have elected.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Sep 16th, 2008 at 10:30:35 AM EST
[ Parent ]
are seeing it. Obama's strategy of waiting for McCain to implode again seems to be working well IMO.

The new neo-con move should be to say, "See - we told you that the media is liberal. Look at what they're trying to do to undermine McCain's campaign." Should be their new meme in about the next 2 - 3 days - unless Murdoch really has fears about the current debacle.

paul spencer

by paul spencer (spencerinthegorge AT yahoo DOT com) on Tue Sep 16th, 2008 at 01:03:38 PM EST
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