European Markets Respond to Uncertainty With Additional Uncertainty, Concern, and Extremely Pissy Uncertainty

Because nothing cures fears about future obligations and drains on what you have today like heaping present obligations upon the future.

That went well, huh?

I'm not an economist, nor did I stay at a Holiday Inn Express last night (things are ok at home. FOR NOW). But you'd have to be a goof not to just grasp the basics of the thing facing us. We as a nation, that powers the global economy, are doing every god damned thing politically that can be done to stifle and suppress it.

Confusing new financial encumberments with health care. The threat of even higher taxes upon production of energy. A board of "base closers" convened (to give appropriate legislative cover to those who cry for it) whose mission in life is to figure out how to wade out of the national deficit for a nation that refuses to stop spending what it doesn't have.

Sometimes I think being a conservative is like being a Mets fan, except I hate the friggin Mets, so I say Texas Rangers fan. Same same. Without the glorious history and all. You keep coming back to the games. You buy the beer and the dog and the nachos, and settle back and raise your voice in some sort of commitment to a team that's going 79 and 83. And telling yourself you had a good time tonight.

Economies are cyclical and all, except when you keep chasing them with a dagger. And stabbing them repeatedly.

Goose. Threatened.

posted by Dave In Texas at 09:39 PM

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