Sunday, December 19, 2010

The Apocalytes or the Status Quo

You can't say, like this writer fantasizes in the last line of the quote, you would rather death and destruction befall the country. That's crazy. No one would think you were crazy if you said, "no I kind of like the country; we consume a lot of resources per person, etc."

but the questions are these: how badly do you want things to stay the same? bad enough that you would ignore the writing on the wall?

"If austerity is the trend in Europe, it is certainly not the case in the United States. The US political and financial ruling class, which can be credited for starting the global financial meltdown of 2008, is still betting on the “virtues” of shock capitalism by cutting taxes and not cutting spending. What Congress did last night is quite simple: Our politicians made the decision to charge our common national credit card with a $700 billion gift to themselves and their real constituents, which are the wealthiest 2 percent Americans. And, once again, future generations will have to pick-up the astronomic tab. That is, of course, unless the United States goes completely bankrupt from 30 years of reckless financial and economic policies."

I'd love it if having an incredibly loose monetary policy would save the national economy too. the only thing is, the people implementing the policy may be like the former CEO of bear sterns: they may be able to walk away from a huge mess rich, fat, & easy.

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