This was going to be a disastrous recovery without government intervention because of the extent of the bubble that burst. But I don’t think this government, whether during Bush’s or Obama’s administration, has done anything but put the disaster off until later. It’s still lying just beneath the surface, and it needs to happen. Propping up a failed economic model for the sake of politics isn’t the answer.
America has the leadership it deserves, and when this country finally finishes its thrashing, shrieking, pitiful death throes, hopefully ignorant, lazy people will know enough to stay the hell out of its government, for their own sake.
Two news items to consider together: Bin Laden’s Goal is to bankrupt the USA, and the USA needs to raise the federal debt ceiling by $1.9 trillion just to function next year To be honest, we didn’t even fight this one like we wanted to win it.
No matter how bad you think your situation is, it’s probably not as bad as most Haitians’ situation yesterday. And that’s on top of a mess of other problems; a week ago, before anyone was even thinking of earthquakes, Haiti was the poorest country in the western hemisphere. But even the most miserable person in [...]
There should be no investor class in the first place; the existence of institutional investors at all is a major contributor to our current socio-economic reality’s absolute fuckedupness. I’ll start with my model of how I think things should be then point out the most significant divergences and their ramifications. I’ll finish by praying to [...]