It has been an eventful week. The economy has shown signs of considerable collapse. One of the most stodgy and respected banks, Bear Stearns, collapsed from being worth some $130 a share to being bought out for a mere $2 a share. AND it needed bailing out by the government as well. Inflation and stagnation...what used to be called stagflation. That is what we are seeing. Back when we first saw this horrible combination, at least our Presidents admitted it. Ford's slogan was "WIN: Whip Inflation Now!" It was worthless, but at least it admitted the problem. Bush merely "reassures" us that there is nothing to worry about. He claims there is no recession, no inflation, no problem. "Don't worry, be happy." The mantra that worked so well for his father.

This week it was all about the economy, the war and race. That's a pretty heavy week!