Friday, October 24, 2008
One Measure of Whether You Have Been Wiped Out
in the stock market is when you have less than half of what you had last year. I have lost 55% of what I had last year. I have been wiped out. But not completely. There is still the remaining 45% to lose. There is still no sign that half of the remaining less-than-half won't vanish in the next few months. I have lost 35% this past month alone.
The Republicans are running around repeating the same economic nonsense as always -- that the problem is too much government and we need more tax cuts for the rich. They seem unable to learn. One can hope Republican numbers in the White House, Senate, and House of Representatives go the same way my money has gone. Maybe their getting wiped out will help them learn. The Democrats won't solve the problem but at least we'll have a different set of assholes to screw things up.