Cindy Sheehan arrested before SOTU

[irishgrl]

Originally Posted by strandinthewind

Ostrich - head - sand

Again, the money you got was made in a market based on phantom wealth - all of it and even if you never played the market, etc. That money was in some way touched, and I submit significantly, by the relatively instantaneous creation of trillions of dollars in new wealth. The economy must act as one - it cannot operate in a mutually exclusive fashion. In other words, when the markets lose something like a third or more of overal value, the economy is goinf to tank and that effects everyone.

But, if you want to think that staggering loss had no effect whatsoever on you, go right on ahead.

There's nothing to think about~ I couldnt buy a house before that time, then I could. So, in the end, as far as I am concerned, the proof of how well an economy is doing is in how much actually makes it to the lowest levels. You can shout "phantom wealth" all you want, but what Enron and MCI were doing, I submit is nothing more than business as usual. they just got caught. so if there is "phantom wealth" being created, then it was always that way IMO. In any event, your so-called indicators only reflect the situation for the fat cats at the top, not the man on the street, and therefore, do NOT reflect the TRUE state of the economy IMO.