Super-fragile-capitalistic-expialidosus

It is crazy tense to be in our generation, listening to the news day after day that laments the roller-coster economy. Actually, calling it a roller-coaster is not quite accurate, unless we're talking about a roller coaster that only goes down. As our national debt soars and our markets plummit, we youngsters listen to the world we are inheriting with apprehension... and also with excitement. It is clear that the economics of our nation are due to change in a huge way, and I have heard it suggested by more than one source that we are moving in the direction of socialism. Capitalism worked for a while, but it's fragility is becoming painfully clear on a global scale. I wish that I understood more economics so that I could more accurately assess the situation at hand, but right now, here's my base-line analysis:
1. The economy is still going down... and down... and down, and reassurances from the governement are growing more feeble and less common. No more does John McCain claim that "The fundamentals of the economy are sound."
2. The whole world is going to come down with us, and in order to come back up we are all going to have to do it together too. In that way, this economic crisis might be the best thing that ever happened to us! So hooray!
3. Our lives are about to be transformed. Buckle your seatbelts and put on your hardhats, and get ready to work your bums off!
4. The presidential race will be decided more by economics than by any other issue. McCain was desperate enough to pull a whole new plan out in the middle of the last debate. What is needed more than a new plan, though, is new confidence. Obama's election would give even republican voters the sense that a CHANGE was occurring, and maybe that would be enough to give consumers a shot of confidence to jump start our sputtering economy again.

Maybe after a course in economics I could give some more detailed thoughts on the situation, but you know what? Somehow I doubt they'd be any more accurate if I could use all that fancy sub-prime-lending-half-percent-rate lingo.
xoxo heN