Slouching Towards Oblivion

Wednesday, February 03, 2010

Ten Years Of Hell

From Allison Kilkenny at True/Slant:
She quotes extensively from a couple of sources that are definitely "left-leaning", but nonetheless make substantive points.

The people who committed the fraud that led to the collapse aren’t going to jail, the press is ignoring this fact, and that’s a bad thing.

The wars in Afghanistan and Iraq are severely weakening the economy.

The U.S. has the greatest income inequality, highest per capita prison population and worst health conditions of all high-income countries, and yet the poor remain politically invisible domestically, and abroad.

And while Obama plans a budget freeze, economists are saying a second stimulus and increased entitlements are badly needed, which requires government understanding that deficits — in the short run — are a good thing
.

Then she links to Dan Froomkin at Harvard's Nieman Watchdog (yeah, yeah it's Froomkin, but the guy still knows a few things, and we hafta relearn how to listen to guys who actually know things)

No. 1: The middle class may never be the same again
No. 2: The recovery could take a really long time
No. 3: The recovery could only be temporary
No. 4: Then what? This time, we don’t have the tools to get out of a recession
No. 5: The ‘very serious’ people in Washington are still obsessed about the deficit
No. 6: Whatever is making the stock market go up could go away
No. 7: The hugely irresponsible financial sector remains unchastened


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