Bizarro (3/20/09)

03-20-09-bizarro

Even though it’s unsettling to see Captain America slouched on a psychiatric couch, the image does capture the malaise coursing through the nation’s economy. It’s troubling to realize that our way of life is made possible by massive infusions of cash from increasingly wary (and cash strapped) foreign governments, and our own government’s response to the recession hasn’t exactly calmed those fears. I’ve wondered, ever since the first bailout was proposed, why our leaders placed such a premium on “freeing up the credit markets.” If the reason for the collapse was a mound of personal and institutional debt that could never be paid back, then why would our government want those same individuals and institutions to borrow more? And why would the treasury incur debt of its own in order to make that happen? It’s enough to make anyone, even a superhero, a little depressed.

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