great depression

Well, I suppose if Gunner can post on economics, I can post on gardening. If we're really heading into the next Great Depression, gardening might soon become more than a hobby for a lot of folks. So... let's jump in and get dirty!

First of all - it's Fall! I'm originally from South Florida (zone 10!) so this is the time I would be planting if I was still there.

I think both candidates failed miserably at the debate. They tried to ignore the elephant in the room — the crashing economy — and deflect the questions with standard bullet points gleaned from months of focus groups.

Congressman Marsha Blackburn voted no on the bailout bill, but it passed in the House.

A statement is forthcoming…

I’ll be checking in on our other Congressmen.  Congressman Wamp no doubt voted yes as he was riding the media circuit pronouncing his switch.

From the wires:

The other day CM Emily Evans wrote her quick and dirty take on the mess in the mortgage market.

So, the "bailout" / "rescue plan" / "insert your term" - got a giant FAIL.

I was against it. I'd rather have the short-term pain of allowing this situation to play out than have my kids and grand kids deal with the long-term consequences of the government's immediate and expensive band aid.

What sense have you made of this white hot mess? What do you want to happen?

The Fed is sidestepping Congress, and is infusing $630 bn into out financial system.

• When Clinton took office the Dow was 3271

• When Clinton left office the Dow was 10,587
• A gain of about 325% and a record budget surplus

• When Bush took office the Dow was 10,587
• After nearly 8 yrs of Bush, the Dow closed today at 10,365

From WGNS:

The bailout plan didn’t pass congress. Now the politicians are before the media spinning their stories and pointing fingers at each other as the blame for the bill not passing.
The stock market has gone into a spin and shows signs of hitting its all time low since the crash that caused the great depression. [...]