We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
“Sales plunged across most categories on shrinking consumer spending.”
Hey, that’s great news, isn’t it? After all, everyone knows Americans consume too much. What was it that then Senator Obama said on the subject? “We can’t just keep driving our SUVs, eating whatever we want, keeping our homes at 72 degrees at all times regardless of whether we live in the tundra or the desert and keep consuming 25 percent of the world’s resources with just 4 percent of the world’s population, and expect the rest of the world to say you just go ahead, we’ll be fine.”
And boy, we took the great man’s words to heart. SUV sales have nosedived, and 72 is no longer your home’s thermostat setting but its current value expressed as a percentage of what you paid for it. If I understand then Senator Obama’s logic, in a just world Americans would be 4 percent of the population and consume a fair and reasonable 4 percent of the world’s resources. And in these last few months we’ve made an excellent start toward that blessed utopia: Americans are driving smaller cars, buying smaller homes, giving smaller Christmas presents.
And yet, strangely, President-Elect Obama doesn’t seem terribly happy about the Obamafication of the American economy. He’s proposing some 5.7 bazillion dollar “stimulus” package or whatever it is now to “stimulate” it back into its bad old ways.
Hmmm...I'm confused..perhaps the chosen one or one of his followers could explain it to me and perhaps spare a thought for all the poor oppressed third world sweatshop workers now without jobs...starvation is such a treat hey libs?
Exactly. Let the bad times roll. Relish the pain. We don't deserve anything less. Idiots. And, no wonder people are too nervous to spend. All we've heard is how horrible everything is out there for the past year. If I hear, "not since the Great Depression" one more time...
Bird Dog, I think you've nailed it. This is a press and politico- driven panic. Somewhere on the 'Net today [maybe it was steyn] I read something to this effect...that we're not yet in the kind of economic situation that merits this flat-out panic on the part of the press and the unthinking people.
Yes, certain areas of the economy are in trouble. Detroit carmakers are in trouble, but not the Honda, Toyota and BMW plants here in the South. Detroit wants us to think they're the only carmakers in the US. As we know, that's just not so. They're just the worst managed ones, the ones most in thrall to the unions, and to unrealistically high benefit plans made in palmier days.
Some banks are in trouble too, but not the better managed ones, the smaller more tightly supervised ones.
To quote one of our past leaders, "The only thing we have to fear is fear itself." He may not have been right then, but he may be right now.