A Week of Debates

Today a week of debates on the blog climaxed with the actual Presidential Debate this evening.  For us, the debate was highlighted by a visit for the weekend by the all time smoothest debater of them all, Mr. Jimmie Shell.  Jimmie has been waging a covert war on Tim, slowly bringing him out of the liberal closet.  Little by little with unassuming yet logical arguments he’s been as convincing as James Carville.

Tim was almost swayed until tonight’s debate.  I can’t say we’ve declared a winner, I think the consensus here was a reluctant draw.  While I’d like to say that Obama carried through with a slight lead, I know Tim would disagree.  Honestly we didn’t hear much of the actual debate due to the opinions of our own which were flying around the kitchen.

This Friday has been the cumulation of an extraordinary week of debate.  Never in the history of Wall Street has the folding of one of the top 5 US investment banks, the bankruptcy of one of the world’s largest insurance companies, a huge $5 billion investment from the world’s richest man, and the takeover of America’s largest savings and loan garnered such little media time.  Normally these events should have each filled the news for a month…but instead, since they’ve taken place in a span of 10 days, they’ve individually gotten a relative blip of mention.

While I wish I could stick to the events of everyday Jackson, these extraordinary happenings over the past two weeks have been too much to ignore.  Once we’re feeling safe and secure again and can look at it all with historical perspective, it will be a very interesting analysis of decision making, but now, things are happening to fast to even keep up with.

I have to give the markets credit today.  In the face of what was predicted as another historic Black Friday, traders kept their senses.  Listening to CNBC, the traders were more interested in the right deal, not the fastest deal, from the US Government.  I only hope our Representatives show the same common sense.  A rushed decision at this point will only end in another stop-gap measure.  What we need is a real solution.  While I am not enough of an economist to know what that is, I recognize from the panic of the experts that we haven’t hit on a good answer yet.  Let’s make our $700 billion count.