As I write, today’s “Morning Joe” program on MSNBC, reported an AP/Gfk poll which found that a majority of Americans are worrying themselves sick. They worry about retirement, they worry about paying their bills, keeping their jobs, and sending the kids to college. They are worried to death about the shape the economy is in, frightened that Congress and the President will not be able to fix it anytime soon, and scared for the future of their kids.
I googled “men’s hearts failing them for fear” just to see if people are picking up on that prophecy from Luke 21:25-26. Sure enough, it’s being quoted everywhere. Some preachers are saying it’s the sign of the end.
As with almost everything, calling this a sign of the end reminds me of a funny story. (Sorry. Hope that doesn’t offend anyone.) The fellow hanging over the rail aboard a storm-tossed ship had lost everything in his stomach and was now turning a ghastly shade of green. A crew-member came over, put his hand on the fellow’s shoulder, and said, “Cheer up, buddy. No one ever died yet of seasickness.” The passenger said, “Oh, don’t tell me that. The hope of dying is the only thing that keeps me going.”
We have learned — to our distress — that the bubbling and bobbling of the stock market in this country has less to do with actual economic indicators and rather is more closely tied to the ebbing and waning of the hopes and fears of the American people.
That’s how we are to understand the Dow Jones Average dropping on the day Congress passed the greatest economic stimulus bill in history. We would have thought an infusion of nearly a trillion dollars into today’s economy would have spurred enthusiasm and provoked a new round of investing. Nothing about this makes sense any more.
People are losing hope. Their hearts are failing.