Apparently the economy is fixing to crash. Again. In fact, our ole' friends Fannie and Freddie are even in the news again, as credit ratings on those institutions plummet. As if they weren't already in a 5-mile hole it had drilled in the crater made by the last market tank. The cause of the whole commotion seems to be centered around the fact that our Congress has finally realized that you can't expect to both borrow trillions of dollars and pay off trillions of dollars at the same time. (This is especially difficult with trillions of dollars in broken programs hanging onto the trillions of dollars in revenue the government brings in. Just pointing that out.)
In fact, it's apparently gotten so bad that Congress has realized bandaids aren't going to fix their bleeding head wound. They might have to cut more than the $1.5 trillion they'd planned on from the budget deficit. Over the next decade. Of course, we can't get rid of any really important programs like that extra aircraft carrier, Congressional salaries, or the Department on Aging, but we'll see what we can do.
Meanwhile, the 2012 presidential campaign seems to be getting started. Yay. Can't wait for that drama. Something I've observed: adult drama is just as tiresome as teenage drama, they're just older, and political drama is just as tiresome as adult drama, it's just the politicians have more money to spend. (We won't get started on celebrity drama; it's basically just teenage drama with more public scrutiny.)
Rick Perry, Texas' very beloved governor is cementing his run for President, most notably with a day of prayer he hosted recently. Of course, all the conservative Christians are now singing his praises, declaring that they'd love such a righteous president. Blech. Study what he's done to Texas sometime, then come talk to me.
The rest of the GOP field is just as depressing, with the hesitant exceptions of Ron Paul and Gary Johnson: Michelle Bachmann, Herman Cain, Allen West. It reads like a list of who's-who of warmongering Republicans. But I'm being unkind. Can't have that.
I've not really researched the Democratic field, but I'm pretty sure (quite positive, actually) that President Obama will be their candidate. Not only is he in a strong position as an incumbent president, no matter how unpopular, but he still has the hearts of quite a portion of the Democratic voting base. And so, this race will come down to Obama and the candidate who wants to get butchered in the polls.