The Sunday News shows seemed scattered, unfocused, and late today. The ol’ “a dollar short and a day late…“ Not that there isn't a lot of really significant stuff going on, there is. The unprecendented "attack" on Wall Street Thursday, the oil spill in the Gulf of Mexico, and the unrest in Greece and Europe are all way up there on the scale of importance.

But, and while these dudes that make a lot of money doing this, should be able to come up with some informative discussions about these situations, they fell short today. By the time Sunday got here, what they discussed was stale. There was Meet the Press, and it's interview with AG Holder. D. Gregory tried to say that big news had been made, but I don't think so. Gregory is trying to catch the wind.

All the shows discussed the oil spill, the economic situation globally and nationally, and politics. But to me there wasn't much new. They were repeating themselves today. Why weren't they talking about how this wall street thing went down? I mean, I have read a number of accounts of the thousand point fall, and the reports are all over the place. This idea that someone hit a “b” on their computer rather than an “m” has not been substantiated. The New York Times says that there was a lot of trading around 2:45 out of Chicago, but that was as far as it went. Why aren’t these high paid sleuths out there discussing what really happened. If this kind of thing can gut the value of major international corporations in a matter of minutes, as well as various investment portfolios across the world, shouldn’t that be of concern. Sure it “bounced back” in a matter of minutes, but to me that doesn’t provide much assurance. The whole thing could have been a test for a much larger and sustained attack. Could we all wake up one day with computers telling us we are penniless? So where were the big boys on that story? Asleep it seems.

And by the Sunday News shows were on, BP had already said that their first dome attempt hadn’t worked because the outlet had frozen up. Somehow I have to think that it is more than that. But I don’t think the big boys are really out there trying to learn exactly what the future holds for the coasts in that region.

And finally, as far as the “sovereign” debt issue goes, and the civil unrest in Greece, you have to be pretty much braindead not to know that uncollateralized debt owed by entities that don’t have the money to pay their creditors is a worldwide problem, including in our nation. What is happening in Greece, and what could happen here is a contraction of entitlement programs the government has for it’s citizens. The average person is of average means by definition. With prices going up constantly and incomes going down, people are really having a hard time making ends meet, which means more debt on a personal level. Why aren’t these talking head dudes really going into depth about what this might mean in the future to the average citizen?

Makes me think that either they don’t even think about such things or they are afraid to bring it up. Either of those scenarios is not good.