Robert Stein 1924-2014

Contact Information

If anyone has comments, questions or condolences, please feel free to send a private message to the family at

Wednesday, October 08, 2008

3 A.M. for the Economy

The red phone is ringing, not for a nuclear attack, but a total meltdown of the world's financial system and there is no one in the White House to answer it.

As the Federal Reserve, along with central banks in Canada, England, Sweden, Switzerland and the European Central Bank, cuts key interest rates--crossed fingers trying to plug the dike--George W. Bush is packing his bags, taking time out yesterday to visit an office supply plant in a Washington suburb for a pep talk.

"I wish I could snap my fingers and make what happened stop," he told the workers there. "But that's not the way it works."

Meanwhile, the Gallup Poll reports Bush approval ratings as the worst ever and that only 9 percent of Americans are "satisfied with the way things are going," dipping under the all-time low of 12 percent in 1979, the time of rising prices and gas shortages when Jimmy Carter was president.

No word on where the Gallup people found that 9 percent or what they have been smoking.

1 comment:

johnsmith said...

3 A.M. for the economic reforms that began in 1991. Recent reforms include liberalized foreign investment and exchange regimes, industrial decontrol, significant reductions in tariffs and other trade barriers, reform and modernization of the financial sector, significant adjustments in government monetary and fiscal policies and safeguarding intellectual property rights.


Buzz Marketing