It's official.

The economy is in the shitter.

My anemic stock portfolio (401K, thanks) dropped $1000 between Friday and today.

Paulson and Bernake were both to refuse to bail out Lehman with Federal funds. I have news for you big boys - if you run your company so poorly, you deserve for your company to go belly up, and maybe you should do some jail time for corporate malfeasance. Or maybe you should just go to jail for being a big fat leech that's become bloated by sucking the lifeblood out of the American consumer.

Bernake is also right to refuse a rate cut. Banks don't want to "earn money the old fashioned way" (my, remember that line? isn't that a joke these days?), they expect the government to bail them out constantly by lowering the rate of borrowing or providing a free handout when times are tough. Well, piss on you. You don't extend the favor to the consumer (who wouldn't love a 2% interest loan on their mortgage), and we are the ones who ultimately pay for your bail out, so....no, no, and no. You don't get another rate cut. Suck it up, and ride it out. I've always said that nothing in nature has perpetual growth, so it's time for you big boys up there in investor la la land to wake up and figure that out. Profit maximization is a short term suckers game, and you just got caught.