Moths Continue Their Feast

Dow Creeps Toward 8000 I’m checking the stock market. Looks like it’s still headed down. My gut tells me this is bad news. We took a big hit when the housing hysteria fizzled, and then Bush and Obama gave us a painkiller, in the form of bailouts and socialist “stimulus” spending. That calmed us down for a while. But there was no reason to expect it to work in the long term. We were spending money we didn’t have, and which we were obligated to repay to hostile nations, from future earnings,