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It's Official, If a Bit Silly: We Have a Bear Market. More Disturbing: General Motors Could Go Bankrupt, Says Analyst

Response to post #20: “Pretty grim” is a great way of saying we are into economic declines that considering the population and disappearance of middle class opportunities means the Land of Opportunity as we were most privileged to experience it is dead and we are truly going where America since WWII has not gone before into the new age of the consequences of outrageous greed and corruption, and gross negligence and incompetence by all of our institutional leaders, especially including all of our politicians, academicians, judges and their special interests who have failed the test of American Democracy. At this point, Obama is a wish and a prayer at best, but best of all he appears to be far different from the fat old white guys who screwed everything up in Washington, Sacramento and San Diego and destroyed the American Dream to satisfy their own lusts for conspicuous consumption. But besides Obama, we must have an entirely new leadership and total rededication of both of our political parties to the restoration of American Democracy and building a new American Dream. I don’t know of anyone who represents me today, except Donna Frye and Mike Aguirre, who is willing to save America from the FOWGs because the latest re-election of FOWG Sanders and overthrow of Prop. C by the most corrupt establishment in San Diego history proves we have a most brain-dead NORC electorate in San Diego looking the other way while the corrupt establishment continues to commit grand larceny of taxpayer funds. Again, if Gen Y doesn’t organize to fight for their own future, the only guarantee is that they will have no future anything like the legacy of The Greatest Generation that we were privileged to experience. I am glad our generation fought back in the 60s and 70s, but most angered that we totally failed to leave an acceptable legacy for future generations. In the meantime, while the Great Don Bauder can’t define any possibilities for optimism, Washington, Wall Street and academia continue to spin economic indicators into B.S. while the NORC monster continues to watch and do nothing to save America.
— July 6, 2008 2:47 a.m.

It's Official, If a Bit Silly: We Have a Bear Market. More Disturbing: General Motors Could Go Bankrupt, Says Analyst

Response to post #13: RE “The study of economics encourages consumption and debt. --- We need production, not consumption” is a great simple summary. Obviously we need to improve our education system that has been deconstructed by republican and democratic politicians for their special interests to the point where it is now in extremis. People just don’t understand what is happening, except those whose lives have been ruined already that is. Second and more importantly, we must first have a new breed of leadership in all American institutions because the overwhelming problems we have today throughout our American social, political and economic systems prove we really have absolutely no leadership with enough honor, integrity and intellectual capacity to actually take the lead and get the right things done to turn things around. Plus the fact that far too few eligible voters even care enough to vote so NORC dominates our national psyche. I still don't see anyone like FDR on the national political scene yet. QUESTION: How many more failures must occur before the “D” word Depression comes into play because the outsourcing of the Land of Opportunity has already resulted in hideous unemployment, family financial ruin, increasingly out of control corruption and public safety problems, and federal, state and local legislative bodies that are doing far more harm than good?
— July 5, 2008 4:24 a.m.

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