Thanks God, because my part-time job won’t pay the mortgage bill.

Yesterday, we got a series of calls and e-mails from friends and family who were wondering if we were out on the street yet and if we were going to show up at their house with a mattress strapped to the roof of our car.

My husband works for one of the two remaining solvent investment banks in NYC. He’s okay. He’s been busy helping to clean up the mess, and his blackberry was about to explode on Sunday evening, but otherwise things are normal.

I’m not going to econo-blog. There are too many people in the blogosphere who really understand what derivatives and repo documents mean for me to get involved with all that. But I do have some quick thoughts.

McCain said that the economy is still basically fine. He should keep saying that. And President Obama will take him out for a beer next January.

Bad things that happen on Wall Street don’t just stay on Wall Street. Jobs are being lost. Money for investment is lost and won’t show up in the tax treasury next April. Business won’t be able to expand.

Obama said that the economy is in trouble and it’s the fault of Bush policies over the past eight years. That might be a bit of a stretch. Wall Street made a whole lot of dumb deals in the past eight years. People bought homes that they couldn’t afford with flexible rate mortgages. Maybe Bush could have done a better job of keeping the irrational exuberance under control, but I’m not sure how.