mini essay economy

November 26, 2008 § Leave a comment

it is striking how much we have a broad press view that the bailout has been a handout without restraint, and impossibly costly. ye here is some hope that it will "work".

There are two problems.

First, we do not have enough industrial base to sell to the world to even pay the interest. hence we are in de facto default.

Second, "success" will be defined as saving banking, moving toward a balanced budget  y 211, and this will men that much of the population is left behind, in jail, miserable, and angry. But the press won’t, as it hasn’t been,  be writing about these people.

Further, the shift to green jobs and infrastructure. Who has done he analysis of the availability of raw materials, the energy costs, and the availability of multilingual managers to run such an effort?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading mini essay economy at Reflections on GardenWorld Politics Douglass Carmichael.

meta

%d bloggers like this: