At least we’re taking them all down with us…
Headlines:
Europe works to contain crisis
Stocks suffer blowout as global crisis persists
Stocks worldwide fall as crisis fears widen
Seems like passing the bailout didn’t soothe any nerves.
The keyword I keep hearing over and over again is fear. Fear, fear, fear. Everyone is afraid. What was it FDR said? “The only thing we have to fear is, fear itself.” Those words seem remarkably prescient, and suddenly ring truer than they have in two generations.
What was the solution then? Infrastructure. Invest in infrastructure. Not coincidentally to this crisis, our infrastructure is in horrible disrepair. Whether that’s the cause or effect of a flunking economy, the best solution couldn’t be clearer. The government needs to get back to basics. Build infrastructure first, second, always, and the rest will be easier to deal with.
