“I’m not taking all my money out and putting it in a mattress just yet,” Nelson said. “It’s freaky times right now, but at the same time, things always find a way to work out — they have to.”

This time last night I was feeling good after Bush’s speech that the economy would get back on track.  Then came news that the deal being hammered out in the House and Senate had fallen appart.  Then came news that Washington Mutual was seized by the government and sold to JP Morgan Chase.  Ouch.  Now, certainly we  shouldn’t do anything out of panic.  We shouldn’t jump on the first proposal that comes along.  But we have to act.  Frankly I’m scared right  now.  I’m scared that there are too many politicians in Washington playing politics.  I’m scared that we are quickly approaching a point of no return where what is still largely a problem in just one sector of the economy spills over to the others.  No this is not a time to panic.  There will be a tomorrow.  Life will go on.  Recessions, depressions, booms and busts have all come and gone.  The economy is cyclical.  We can have hope and believe things will get better eventually.  But what happens in the next week or so will determine whether it is 2 years or 10 years.  Things will work out, “things always find a way to work out, they have to.”  They have to.

Filed under: life by Jonathan