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<title>Sunday, October 5, 2008</title>
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<linktext>Journal Index file</linktext>
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<subtitle>See my Blog</subtitle>
<body>I have a blog on Google&apos;s free blog site. Try the link below. You can make comments about it there. Here is a 
<extlink><mylink>scripts/feedback.html</mylink><linktext>Feedback Form</linktext></extlink>
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<mylink>http://brucesalem.blogspot.com</mylink>
<linktext>My Blog on Google</linktext>
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<subtitle>XML Editors</subtitle>
<body>I am using a new editor, Coda, to edit this XML file. It is smart enough to have picked up the XSLT style sheet associated with this. My guess is that I have to move the edited version of this and its style sheet to the coda test dir. That was correct, but the XML and style worked, as well as the links. I am going to add s section that will hopefully create a link.</body>
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<subtitle>My predition is comming true</subtitle>
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I said that the economic ideas of Ronald Reagan would prove damanging to America and predicted that it would take an economic collapse to wake up most people to the fact because Americans tend to be too optimistic about political economy.

We are in a major credit crunch set up by the policies of deregulateion of the financial system and markets pushed by Regan and his successor Republican politicians, the two Bushes.

There could be a depression like the one of the 1930's that would be world-wide and have similar consequences that could in this turn of the Business Cycle be fatal for the U.S.
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It all could have been prevented with better oversight of the way the banks and markets are investing.

I have been writing on my blog about what I regard as the true stupidity of markets and investors and that a sound economic system needs leadership both in business and politics; not COOs who are mere puppets of the markets and not political leaders who don't lead effectively.

The Presidential election that happens in a month is going to be a referendum on Reagan and is going to result in his repudiation.

George W. Bush is one of the worst Presidents this nation has ever had, and his conduct has led to a far greater loss of American prestigue than our worst enemies could have hoped for.

It is telling that an economic callamity should be his swan song and like Herbert Hoover for nearly the same reasons.
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