Yesterday the Dow Jones Industrial Average went down, then up, then down, then up, then down....and ended up having a wild swing of some 1000 points before the day was out, ending "only" 128 points down, causing many to sigh in relief that it didn't end up as it did at one point in the day below 8000. The market's wild swing was the result of yet another plan by the government to buy up bank shares, and in essence, nationalize some of the banks that have been teetering of late, which I am sure will go over like a lead balloon with some of the hard core conservative anti-government Libertarian types. It'll be interesting to see how the markets fare on Monday after the opening bell, but no one expects any miracles to occur or a full recovery back to the level at which the DJIA stood a year ago, at over 14,000 points. The economy right now is just to shaky worldwide to expect that to happen and experts are already predicting a worldwide recession that, if it hasn't already happened, will happen soon enough. At least I have a job that (I hope) is fairly stable and faces no threats of a layoff or anything like that anytime soon....at least not until our next operating levy goes up on the ballot sometime in either late '09 or '10 (I can't remember which). What concerns me is that if the economy hasn't made a sufficient enough recovery by then, people will surely vote down the levy because they are tired of paying taxes on their property as it is for everything from school levies to mental health levies to park levies to library levies. I don't expect any levy issues on ballots this fall, if indeed there are any, to fare very well due to this economic crisis, and that won't bode well for agencies with their hands out looking for money. People want to keep more of their hard earned cash when times turn hard and the economy goes south, and that means that anyone who's looking for a handout via a tax levy can pretty well forget it this fall, sadly. So the election will be interesting both on a national level as well as a local one, given that there are levies coming up on area ballots that doubtless face failure by wide margins. Even more reason that Wall Street CEO's and greedy investment bankers ought to be punished to the fullest extent of the law for this massive screw up that is reverberating all around the world. I just hope that someone's got the cojones to bring them to justice and see that they are held fully accountable for their misdeeds. So many heads ought to be rolling over this, including some in our government.....and I think we all know who I mean......DANIELLE'S MAGIC SOAP AND LOTION
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