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Heavy-Handed Politics

"€œGod willing, with the force of God behind it, we shall soon experience a world
without the United States and Zionism."€ -- Iran President Ahmadi-Nejad

Thursday, October 16, 2008

Fiddlin' Around While Wall Street Burned

Serious economic issues exist, but media should show parts of economy that still function.

By Dan Kennedy
Business & Media Institute

Where were you when the lights went out on Wall Street?

On Friday, Oct. 10, the first day the Dow dropped below 8,000 before crawling barely above that at close, a friend and I were in Atlantic City on a guys’ vacation. We went to Il Mulino for dinner – the clone of the famous New York City restaurant at Trump Taj Mahal. We had imported cheeses and sausages and imported truffles shaved over two types of pasta for appetizers. The truffles alone were $71. I had veal Osso Bucco with risotto. He had a veal chop hand-pounded thin, lightly battered, with olive oil and arugula and tomatoes. The tab, with tip, was $540.

We were not alone. I got the last 7:00 p.m. reservation. By 7:30, every table was full. Most were ordering bottles of wine, or behind us, glass after glass of Taittinger, thus their tabs even higher than ours. Few couples, most parties of four, eight, 12.

I remind you, not in Beverly Hills or New York City or London. In Atlantic City.

This is the untold story of the economy.

Between 91 and 94 percent of all home mortgages in the United States are current, not teetering at foreclosure. The overwhelming .....


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