I’ve never heard of the US Credit Rating dropping from Triple A before, it’s a first in my lifetime.

I personally think that it’s the government’s fault for not being in touch with reality.  For instance, while I can see the benefits in the healthcare reform, it comes at a bad time.  In my opinion, it’s like throwing gasoline on a forest fire, obviously it’s not going to help and will definitely make matters worse. I also think it’s a bit silly to attack the restrict the banks.  The banks provide the blood lines for our country.  To attack them is like a dog biting the person feeding it.  Then we have all of those lovely layers upon layers of complex innovation-restricting compliance laws…  Like those are going to help, geez…  Even the politicians can’t keep them straight…

Then we have the war that was based on preventing Iraq’s former leader (Saddam Hussein) from developing WMD (weapsons of mass destruction).  It seems like we picked the one country that didn’t have such a program (but who really knows?).  Do we really believe that a true democratic society will stay in existence in Iraq?  Really?  Or eventually will a Muslim Theocracy or another dictator come into power and pretty much control things from that point on?  Democracy is like a plant than needs certain conditions to exists, and I don’t believe those conditions are in Iraq.  Hopefully I’m wrong, but…

To me, it seems like both the republican and the democrats are going after their own agendas and casting a blind eye to the real problems in the US, which is the inability of the US worker to compete and acquire jobs, and obviously control our own debt.

Instead of looking around and solving problems, they are looking at their own party agendas with a level of tunnel vision that I’ve never seen before.  The problem is that both parties represent different classes other than the middle class which seems to be getting a raw deal from both!

The government need to wake up and stop making excuses.  The parties need to stop following their party agendas and look around and come up with new, smarter ideas from a global perspective.  After all, the game has changed and both parties need to consider the up and comers like China and other emerging countries.

In the meant time, the US stock markets are going to get pummeled tomorrow (Monday).  I wonder how much the markets will retreat and what, if anything, will stop a long continuous decline?

Update (still Monday):  The market dropped as expected and surprisingly, I decided to buy some stocks.  While not a huge position, I have to wonder if I’m trying to catch a falling knife?…

MR