It feels like the economic roller coaster we’ve been riding for so long has made it to the top of that scary drop and is perched there, teetering, ready for the dive. The big question, when will the final blow come? I’m not trying to be Debbie Downer, but it’s tough to watch the Dow drop nearly 450 points and not be a bit concerned. Bailouts can be scary, too. Yesterday’s AIG loan was the big talk in the makeup room last night. The consensus was a feeling of frustration at the continued bailouts with taxpayer money.
One studio crew member also wanted to know why we didn’t talk more about the vicious cycle he felt the government was creating. He mentioned the soaring deficit, tax dollars being used to continually bailout companies, and the decision to add pump more physical cash into the market when the US currency was already down. He said it seemed like everything the government was doing went against everything he learned in school.
And we cant forget about the good ol’ R word: recession. Despite the fact that 76% of Americans recently said they think the country is experiencing a recession, the money folks say we’re not. __________
One of the areas hit hardest by the mortgage crisis – just one of the many enjoyable elements of this financial meltdown – is south Florida. But forget the money issues, a more immediate issue in the Miami area: bees.
Also in Florida, strong, simple words from Governor Charlie Crist: “Enough is enough.” The state has received more than 2,000 complaints of price gouging related to Hurricane Ike – and the complaints began before the storm even made landfall.
Let’s end on an up note, shall we? We could all use some good news today. Here in NY, it’s a gorgeous fall day, the sun is shining the air is crisp and the sky is blue.
If CNN Hero Vicki Minor can’t give you some hope and a smile, then I’d be worried.
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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