First: Turn off MSNBC, CNN and any other money show on TV. Quit reading financial analysis in any publication that does not regularly cover finance -- Time, Newsweek, People, your local newspaper.
Second: Remember that you still have a job, people are lining up 100 deep to buy new iPhones, there's bread on the shelves at the grocery store and movies are still opening to vast audiences. All these are indicators that the economy is still functioning, people have discretionary funds and no one is jumping off Wall Street buildings.
True, there are some problems with the economy. You can't argue that the homebuilding sector is on life support and that gas prices are at record highs. That affects us all.
But the problems on Wall Street? While it affects us, it's not on a day to day immediate pain in the pocketbook basis. There are a few hundred thousand people who have seen their six-figure jobs and seven-figure portfolios take a massive hit. But aren't those the folks that the Dems are saying need to pay their fair share? They are just bailing out to get back down to middle class so that they won't take such a jolt on Jan. 20, 2009.
For the first week of the crisis everybody in government pulled together for the good of the country. This week the blame game starts. One side says it's the President's fault. The other points the finger at Congress which has executive oversight but has been bought off by big money. In reality, greed knows no party.
Meanwhile, I'm looking forward to dividends on my taxpayer ownership of some of these financial giants once the economy trends upward. Yeah, right!
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