I think a survival skill is knowing when to panic.
I always wonder how many people in the Twin Towers had the instinct to run, but were convinced by others to "remain calm."
I don't think I panic easily. Y2K looked pretty phony, for instance.
But my feeling about the debt crisis is that, to use to cliche "If you play with fire, you'll get burned."
Tell me we haven't been playing with fire.
I'm writing this on Wednesday, the 27th, with the assumption that some half-assed, halfway measure will pass.
But I also think there is a chance -- that nothing will get passed.
Hey, playing Russian Roulette isn't my idea of a smart thing to do.
I got into a political discussion at the store, which I try to avoid. I avoid politics not because I don't care, but because I get too heated. If you'll notice, I've tried to keep political slants out of this post, except for the basic idea that I think NOT passing the debt limit would probably be a mistake.
But from the mild reaction from the stock market, you have to wonder.
It's probably all kabuki theater. I'm not saying anything new here, just observing from the outside.
O.K. It is now Friday morning, and the Republicans can't summon enough votes.
I'm still going to assume that something will pass, and it will be consolidated with the Reid plan and passed with Democratic and a few Republicans who are willing to risk their career.
Stock market is stable. Down just a little every day. A little hedging, but nothing much.
Friday afternoon. Obviously they've decided to hold off on the vote until after the stock market closes. Which doesn't inspire confidence...
4 days ago