Archive for the ‘recession’ tag
After Rampant Consumerism – More Rampant Consumerism
it ain't easy to kick the habit
You gotta love economists. In way more complicated language than is necessary, they tell us the party’s over for our free spending ways. It’s time to save. We leveraged ourselves up to the eyeballs for a flat screen TV. It’s time to save. We bet the housing market would go up forever and we were wrong. It’s time to save. We’re all broke. We’re worried about our jobs, we’re upside-down on our houses, our retirement plans are in tatters. Winter’s coming and the recession’s on. The economists tell us it’s time to save.
Of course, that makes fabulous sense economically, but it doesn’t add up spiritually. Did the consumer boom of the last twenty-five years truly change us? I think so. I think it’s in our blood. I think it’s the reason we’re more obese than ever and only as green as is fashionable. Can we go back to our parents’ thrifty ways, when polyester was where it was at, and Wham! a really big deal. I think not. Read the rest of this entry »
When Will Hank Paulson Be Done Wrecking The Country?
He’s got less than two months to do it, but it’s possible that by the time Obama gets into the hot seat, America may be in a very nasty depression. Take Hank’s words of wisdom for example on NPR.
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.
