Christmas-time in America. Which retailers will recover from the Great Recession? Shop, spend, go further into debt. How can we have an annual gift giving ritual when we can't pay our bills?
The Chinese our financing our profligate spending. The Chinese, who are lucky to be able to feed their 1.3 billion people are owed almost 1 trillion dollars in the form of US Treasury notes.
Hurry up and get to the mall to stand on line all night for the "doorbusters."
Make sure that you set your VCR to record "The Simpsons," because when this country finally goes down the tubes future historians will be able to watch the video and understand the synicism that eroded the core values that allowed The United States to pull itself up from the Great Depression and overcome its foes in WWII.
Presidential and Congressional candidates can count on the barely litterate, selfish, short-sighted electorate that can be easily distracted by sound bites and avoid facing the releveant and difficult issues that need to be delt with if we wish to maintain our standard of living.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment