1929 Dow high to Low

Dow down 13,700 points
If this crash had been 82% like it toppled in 1929-32, we'd be looking at a Dow 1230 high to low today. This month's drop, high to low, was about 45% or 6200 points if this thing is over, and let's all hope so. None of us can imagine banks with no FDIC insurance, 15-20 percent unemployment, and stock market that operated in the dark. The latest studies show that the New Deal did next to nothing that worked; we didn't hit the '29 high until 1953.

"When Roosevelt died I felt worse than when my father died," an old guy told me in the 60s. Roosevelt convinced everyone that he cared and that he could, and would,"do something" to make things right. The New Deal, warts and all, worked to rescue the country from total despair and give the public hope in a time when we could have gone fascist or communist.

What do we have now? Flagrant legislative prostitutes and media clowns like Waxman, Schumer, and Frank to name the three most egregious government gangsters. These are the people who will conduct the show trials that NBC/CNN/ALL MEDIA will breathlessly cover as the hated Palin, Cheney, and Bush get fried by our "honest" politicians who will do anything in order to convince us that government did good, it was the business community and the Republicans that did all the bad.

ACORN Rules.