THE REAL PROBLEM THAT IS NOW COMING HOME TO ROOST IS THAT THE AMERICAN MACROECONOMIC MODEL WAS SIMPLY UNSUSTAINABLE...
IT WAS A FALLACY ON THE VERY FACE OF IT... THE NOTION THAT YOU CAN DEINDUSTRIALIZE THE NATION...TO AVOID HIGH WAGES AND UNIONISM...WAS NOT WITHOUT CONSEQUENCES...
THE AMERICAN ECONOMY IS STILL LOSING THOUSANDS OF "VESTIGIAL" MANUFACTURING JOBS EVERY MONTH...BUT NO ONE DARES TO QUESTION THIS NOW...BECAUSE THE DIE IS CAST AND THE INEVITABLE MUST HAPPEN...
WATCHING THE FED AND OTHER "LOOTERS" ON WALL STREET SCRAMBLE FOR A SOLUTION TO THE INSOLUABLE IS ENTERTAINING...
BUT THEIR FAILURE IS BAKED IN THE CAKE NOW...
IT'S ALL OVER BUT THE SCREAMING IN THE US NOW... GET USED TO IT...
THE AMERICAN ECONOMIC "SLOW MOTION TRAIN WRECK" IS STARTING TO SPEED UP...
