A Weekend of Portents

Three things have come to my attention in the last 12 hours. One I just found out.

First, our knuckleheaded "leader", such as he is, is said to have stood up to say goodbye at the G8 sessions he was attending, and is quoted as saying--I'm not kidding about this--"Goodbye from the world's biggest polluter!". See the full story here:

http://www.huffingtonpost.com/2008/07/10/report-bush-tells-g8-lead_n_111966.html

Can you believe this guy's ignorance and chutzpah? He continues to show himself to be the 6 year old brat he is and that we thought he was. And then I don't know what's worse--my anger about it or my embarassment.

At least I never voted for the fool.

And then this: Federal Regulators seized and closed IndyMac Bancorp last evening, "marking one of the largest bank failures in American history."
See the original story here:
http://www.nytimes.com/2008/07/12/business/12indymac.html?bl&ex=1216008000&en=48af597fcdabd556&ei=5087%0A

It seems they had a good, old-fashioned (as in Depression era) run on the bank. Note that 2nd comparison to the Depression, folks. It's starting to get ever more serious.

Fannie Mae and Freddie Mac, those 2 quasi-independent arms of the Federal Government, dealing with mortgage lenders, etc., may fold, too, we were warned this week.

Finally, the dollar "sinks to within a cent of an all-time low on Fannie Mae and Freddie Mac" news. It just doesn't get any better, does it? See original story here: http://www.bloomberg.com/apps/news?pid=20601087&sid=a4kpsU8pP4QY&refer=home

Greg Salvaggio, a vice president of capital markets at Tempus Consulting in Washington, a currency-trading company is quoted: ``There's a complete lack of confidence right now in the administration's ability to fix these problems.''

No kidding.

It seems to be getting more grave virtually daily and our imperious leader is making jokes about how we're the biggest polluter in the world.

Somehow it's just not funny.