The Daily Szep: Lawrence Summers, Chief Economic Adviser

Comments

[nellyb stl]

LOVE your cartoon -- what we are thinking exactly...

We (the non-spending public) are waiting to hear what the h___ is going on in the financial market(s); and NOT a word from anyone to reassure us that even though our 401k has lost 20-40 percent of it"s value that things will turn around any time soon and we"ll make back our hard-earned money! The (middle and fast becoming lower class) who make $50,000+ have mostly written off Christmas spending. How is that going to turn the economy around? Add to this we now hear Citibank needs more money again!!

Until a clear concise answer is given to our questions about how this mess really happened, and assurances of it not happening again. Our heads are spinning over such terms as CDOs, Hedge Funds, Short Selling, etc.

People would be foolhardy to start spending money anytime soon; buying stocks, bonds, mutual funds, or Christmas gifts. Transparency with the American public is the only thing that will start to turn this economy around " not more money given to the greedy lawbreakers.

Are we smelling more Bushenomics " greed, greed, greed ??????????????