This $700 billion bailout was supposed to "save" the market, or at least help it back up on wobbly crutches, but instead of the anticipated revival of the economy, we've globally seemed to have screwed everyone over. Even Iceland, the armpit of the world, is feeling the vibrations. I wonder though how much of this can be rightfully attributed to America's own financial blunders? Isn't a big problem here also the fact that European markets are getting exposed for their own screw-ups, which just happen to mirror America's flaws on a smaller scale? Risky lenders, taxpayer money being used unwisely by BigShots in the ever-ambiguous "market"--sure, Europe hasn't had a Lehman catastrophe (I walked by the Lehman office a week ago and there was a security guard outside. WTF is he guarding? The RIDICULOUS sums of money in there?!?!) but that doesn't mean that it didn't have its own problems. It's not as if the US crisis somehow spilled over into other continents. It was more like a shower curtain falling down, which then caused more to fall down, and now there are just a bunch of naked people found in very compromising positions.
The US was just in the more compromising. But then again, here it's Go Big, or Go Home, right? If we can't be the best, then damn it, we'll be the worst!
Point being, although this global economic meltdown is terrifying and awful, I'm going to try and go against my inherent nature and look on the positive side of this situation. "Progress...is usually the result of a crises" so maybe this is the harbinger of some serious worldwide reform.
Or, maybe we're just hopelessly fucked for a long time standing and should become reckless hedonists and turn every public place into a metal-head-rock-orgy. I mean I could go either way.
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