Stunned Icelanders Struggle

Just in case you think you've got it bad.

The NYT tries to be optimistic.

"Despite all this, Icelanders are naturally optimistic, a trait born, perhaps, of living in one of the world’s most punishing landscapes and depending for so much of their history on the fickle fishing industry. The weak krona will make exports more attractive, they point out. Also, Iceland has a highly educated, young and flexible population, and has triumphed after hardship before. "

And just what are those exports? The "fickle fishing industry".

"Fishing industry is one important industry, which provides 70% of export income and employs 6.0% of the workforce; therefore, the state of the economy remains sensitive to world prices for fish products."

Not a good time to be an Icelander.

Iceland - What happens when a country goes bust?

They'll wish they had Palin shooting moose for them.

Sad, so sad and all because of Obama and the Democrats. McCain and the Republicans tried to get controls put on Fannie Mae and Freddie Mac but Obama and the Democrats blocked all attempts.

Update

Iceland stock exchange crashes 76%

Just think of all the pensions that were lost. Again, and all because of Obama and the Democrats.