recession

As loathe as I am to weigh in on the side of Glen Dean, the simple fact is that he is right in a backwards kind of way.

There's a joke about a fellow falling off the roof of enormous skyscraper and on his way down, a person jams his head out of a 21st story window and yells out a question to the falling man "Are you all right?"

The man replies "So far, so good!!"

I have tried over the past few weeks to overlook the market reports and the ongoing talk of bailouts and failing banking institutions. After all, you and I likely are not changing our plans dramatically even though the Dow dropped into four figures for the first time in five years. Charts tell a harrowing story.

Four Democrats and One Republican from Tennessee's Congressional Delegation voted in favor of the economic rescue plan which may have been necessary to stave off a collapse in our economy and usher in the worst recession since the 1930s.

Those voting against the bill:

Recession is coming ready or not:

In Corker’s words: “I think this is the beginning of many days of reckoning.”

In 1998 Texas firebrand Molly Ivins did her best to warn of the costs of Bill Clinton failing to veto a bad banking deregulation bill. While she is gone, her wisdom was revived last week at the Atlanta J-C:

For most of 2008, album sales were lower than 2007's marks but were fairly consistent. In a typical week, album sales were between 10% and 14% lower than the same week in 2007.