By Matthew Cohen
SJS Staff Writer
There continues to be optimism that Democrats and Republicans can do their jobs before the New Year. I say “do their jobs”, because making sure that the country is stable is their job. It a public trust that they will take the good fortune of all before the narrow interests of radicals and lobbyists. Reuters is reporting that the Stock Market rose today based on favorable signs for compromise. There is good reason to believe there a spirit of compromise will befall Capitol Hill just in time for the holiday season. It’s hard not to be skeptical, the debt ceiling disaster ended in the downgrade of the nation’s credit rating. This has an eerily similar feeling, and there is talk that a downgrade is possible if an agreement is not made on the Fiscal Cliff.
On a side note, I find it disturbing that the stock market swings based on rumors of public policy. The fact that the nation’s well being is tied to a gambling operation is questionable in the first place. Watching the stock market rise based on this news is like watching the line of the Super Bowl move based on an injury report. The American people deserve more the antics of bookies and gamblers.
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Economy is a psychological beast. That’s why presidents are important- not that the can really change economy, but their rhetoric can have a psych impact. What to buy, how much, and when– all psyhcology.
You got that right, but if you ask me, it is a point of national vulnerablity
It’s a HUMAN vulnerablity- no way around it, US as well as rest of world. That’s why capitalism is the best we got system wise- far from perfect, but better than all the rest. It relies on accumulation of wealth based on ability as opposed to heredity or religion. Nothing more psychologically potent than that.