THE CRASH OF 2008
Students of history might have predicted where the economic policies of the government and the financial practices of the people might lead.
The Congress failed to pass a bail out bill that could have staved off, but perhaps not have prevented, economic collapse.
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In a ten minute period the stock market fell 400 points, to close down later in the day almost 800.
The market lost over a trillion dollars in value.
The market dropped 18%.
A commentator said: this is not the beginning of the end, merely the end of the beginning. Many people, including folks in positions of power in the government, see this nation embarking on a very long economic recovery.
The success, or lack thereof, is not predictable at this point. We will need to be very very lucky to prevent further loss.
