Monday, February 6, 2012

RealClearPolitics - The Future of the World Economy

RealClearPolitics - The Future of the World Economy

"The next crisis could be a dollar crisis," he warns. Foreigners own roughly $23 trillion in U.S. stocks, bonds, real estate and factories; Americans own about $20 trillion in foreign assets. That's the reality of being the world's largest debtor. A loss of confidence could trigger a sell-off of American stocks and bonds that -- given the dollar's role as global currency -- would reverberate around the world.

Forewarned is forearmed - SP

Works and Days » Are You ‘Them!’?

Works and Days » Are You ‘Them!’?

"Until the appearance of Barack Obama on the national scene, I knew of “them” only from an old sci-fi movie in which huge ants (“Them!”) ate people.

But there are new monsters in America, and I am starting to wonder whether I am to be considered among them: those of the uninvolved and uninformed lives, the bar-raisers, the downright mean ones, the never deserving of respect ones, the Vegas junketeers, the Super Bowl jet setters, the tuition stealers, the faux-Christians who do not pay higher taxes, the too much income makers, the tormenters of autistic children, the polluters, the enemies deserving of punishment, the targets to bring a gun against, the faces to get in front of, the limb-loppers, the tonsil pullers, the fat cats, the corporate jet owners, the one-percenters, the stupidly acting, the not paying their fair sharers, the discriminators on the “way you look”, the alligator raisers and moat builders, the vote deniers, the clingers, the typical something persons, the hunters of kids at ice cream parlors, the stereotypers and profilers, the cowards, the lazy and soft, the non-spreaders of money, the not my people people, the Tea party racists, the not been perfect and mistake makers, the disengaged and the dictating, the not the time to profiteers, the ones who did not know when to quit making money, and on and on.

My God, man, how did Barack Obama & Co. conjure up so many demons?"


Read it all.