the above is in page 38 of The Week magazine, 10/21/11 edition
Recession: Economics. a period of an economic contraction, sometimes limited in scope or duration.
Depression: Economics. a period during which business, employment, and stock-market values decline severely or remain at a very low level of activity.
Now tell me again without laughing that we are out of the recession and depression.
This article in today’s USA Today points to what I have been writing about – what I refer to as Depitalism.
Quote from article: “While some progress in consumer debt reduction has been made, the heavy lifting of meaningful deleveraging still lies ahead,” the study says. Until consumers repair their balance sheets, they are unlikely to increase spending or take on new debt even with interest rates close to zero. That could continue to hamper the recovery, because consumer demand makes up more than 70% of the U.S. economy.”
See – it is just a given that our economy requires the individual to be in debt. For the USA to have what the experts call a “healthy economy” requires citizen indebtedness. That should not be! Capitalism has become mutated and real systemic change needs to occur in the infrastructure of our economic system in order for it to actually become and remain healthy. Contrary to the talking heads out there, the desire of the private sector to reduce its indebtedness is a GOOD THING.
Krauthammer wrote a fantastic short article about exactly what was Abbas doing going to the UN like he did last week. It’ll take maybe two minutes to read. Be informed! Historically accurate article and wise analysis.
It is my opinion that the MSM (main stream media) is doing what they can to aid O to secure a second term. I am referring in this post to the ridiculous swirl they keep churning over the Republican primary contenders. First they stoked it up for Trump (fade away), then Palin (she has not given in), then Perry (he’s in but now the focus of MSM negative spin), and now Christie who many months ago said no but they keep it up because:
1. They want him in because in reality he will be a weak candidate and absentee in his state leadership. Erode the pool of the candidates so Romney will be the pick.
2. Add unsatisfactory feelings toward those in the primaries which is being spinned to make Romney the man of the Rep ticket WHICH is a pretty safe bet that O will then when the next presidential election.
What liberals and MSM do not want is someone with fire in their veins (see Perry, Bachman, Paul). These three will push for much needed systemic change in the government which may translate into undoing some if not much of the liberal, socialist agenda that has choked our nation. Think that is harsh? Look across the pond and what do you see (in the EU)? Look further in land into Russia and do you see leaders or contenders for power that are “of the people, by the people”? The Perry, Bachman and Paul variables are just that. I am not sure of which one I would vote for but I do know that I am not for Romney.
And despite the attempts of the MSM, socialists and liberals in our country – our nation still contains flesh and blood voters that have religious/spiritual Judeo-Christian beliefs WHICH an O would win over a Romney ultimately because on this fundamental foundational issue: it gets down to a Christian vs. Mormon. Mormonism is a cult and if it helps you can say a Christian-like cult. Much of what they believe does not hold up to a Judeo-Christian questioning which is what O’s radical religion can do. Wright and whomever he has been seeing since do conveniently fall under the moniker. Again – its about votes. Though O is supposed to be about diversity and change wait and see what the MSM churns out if and when the Republican ticket is Romney.
It is a brilliant plan.