Cafe Talk | Talking Points Memo | When the bubble bursts Obama says sit on the bench

When the bubble bursts Obama says sit on the bench

By D. Lindley Young - September 26, 2008, 10:55AM

We are told that we are in or facing the worst financial crisis since the Great Depression – that it is a “financial Pearl Harbor” We are told that we haven’t seen anything yet. We are told that is if we don’t feel the pain of high gas prices, high food prices, runaway inflation, a struggling dollar, a depressed housing market, 6.1% unemployment, a huge trade deficit, and stagnant wages, then, brace yourself for these things are only the gentle winds that proceed the category 5 hurricane. Since Katrina - when the government says vacant or you die - most people listen. Well, we are told by the experts that if we don’t act fast, really fast – that’s this week, a financial tsunami will hit.