March 17 Status Report for the Bush/Iraq War/Republican Recession

Just cuz Mike Rosen was whining the other day that we are not "hurtling toward a recession":

• Bear Stearns is bankrupt.
• This actually is good news.
• The Federal Reserve is scared shitless.
• Simply put, Bernanke is trying to prevent a financial sector meltdown.
• Unless you hear or read about it on CNBC or Bloomberg, do not pay attention to it. Reporters on both channels have very deep connections.

And I always said Bush would screw up the economy worse than he screwed up our foreign policy.....