getting kinda hot in here

Houston, and everywhere else in the nation, we have a problem.

In the latest “Direction of Country” Gallup tracking poll, 87% of respondents said we were on the wrong track.

In another recent Gallup poll about the level of environmental concern, 61% said we should be doing more on global warming, and 68% continue to think we should act even if other countries, like China, do less.

Driving less would be one way to improve matters. And yet the recent news from the US Department of Transportation estimates that Americans will drive nearly 80 billion fewer miles in 2008 than we did in 2007 is greeted as a sign the country is on the wrong track, not the right track.

We all know the reason. When the economy is bad, suddenly the environment goes down the list of priorities. Unfortunately, the risk of allowing global warming to increase, (not a dice roll we should be throwing) should trump short-term economic pain. But it doesn’t. We say we really want to stem climate change, even if the bad old Chinese are still pumping out smoke, but when it’s actually happening – we want our cars back.

The cold facts are that if we really want to stop global warming, we have to live more frugally, kind of like we are now in this nasty recession. In short, recessions are green. And if we want to go green for real, we have to get used to living on less, driving less, and buying less. A permanent recession.

When your country produces 25% of the greenhouse gases with 5% of the world’s population, even with all the new green industrial policy that President-elect Obama is going to enact, we’ll still need to make profound sacrifices if we want to reduce the risk of serious climate catastrophe.

Hands up everyone who wants to voluntarily live in a permanent recession to make the world a better place long after we’re dead and gone?

You, sir, at the back, thank you for your support!

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November 13th.

Nobody is asking themselves anymore is there some major institution that might fail…

November 23rd

Ten days later and Citigroup’s stock is trading at well below the level where many institutional investors have to sell. Citigroup and the Government meet over the weekend to create a “bad bank” backed by the Government to park all Citigroup’s ‘toxic’ junk, so the bank can rebuild at taxpayer expense

Please, Hank, just go away.

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