Every day brings more bad news about the economy: financial meltdown of this, financial bailout for that, more home mortgages foreclosed, more homeless people looking for shelter, more jobless people looking for work, more working people struggling to keep a roof over their head and food on the table. At some point this whole situation is going to turn downright ugly, and it’s going to get worse—a lot worse—before it starts to get better. The real suffering has yet to begin.
The story of how the U.S. went from being the world’s leading creditor nation to the world’s biggest debtor nation is long and complicated, but once this tragic tale is told and the truth emerges a frightening reality takes shape. From that reality we can draw only one of two possible conclusions. Either the bastards who led us into this financial disaster are mind-numbingly stupid, or they’re the brilliant engineers of a successful scheme to loot the nation’s wealth.
Because no one could be this utterly, insanely stupid unless they majored in Stupidity in college and got a degree in it (Joe E. Half-case, STD?), I’m betting what little money I have left on the latter.
One thing you can’t argue against is that a few evidently privileged people are plundering the mine and giving the rest of us the shaft.