The Big News on Capital Hill this week? The economy is in the tank. No Way? Really? Is that why I am paying $3 for gas and nearly that much for milk. Is that why I am buying the same amount of food at the grocery and paying roughly 20% more than I did this time last year. Is that why there is a spike in home foreclosures? Is that why the stock market is in the tank.
It is all about the economy. The economy has been in trouble for a long while - if you have been paying attention. The market has been choppy since I was pregnant with E. The market, in my opinion, either lags or leads. In this case the ripples have been there for a long time. Some of those ripples are media creations. The over hype and the overselling of small pieces of economic information.
The government however - always seems to be 2 steps behind. Just now the Fed is coming out to say that "Yeah - it is looking more grim by the day. We will cut rates to stimulate." Congress and Bush are cooking up some rebate.
Hind sight is 20/20 - but had Congress and Bush been focused on real policy and domestic issues - some of this perhaps could have been avoided.
The government should be focused on the economy every day and not just when it is a hot button issue.
Those of us living it - have seen the subtle changes in our paychecks and grocery bills - why has it taken the powers that be so long to put two and two together?