BLACK FRIDAY 2011, OR, A MISDSUMMER NIGHT’S CONSERVATIVE WET DREAM


Historians will look at many aspects of the coming global economic crisis and ask what precipitated the rapid decline. Some will suggest that the debt ceiling crisis kicked the wedge out of the economy. Others would say that pending the unemployment numbers on 5 August 2011 the Asian and European markets created too much gravity with their fears and led to a spiral toward the Second Great Slump. No matter what the honest trigger economically the political animal needs must be fed.

In that light conservatives and their economist hangers on will demand that the date all of this went wrong was no 15 September 2008 but 4 November 2008. The election of Barack Obama will now be tied to the events of the global economy, if it declines deeply over the next 12 months and beyond, by every conservative pundit on Terra. The Left has nowehre to go in this. this is a dream held by virtually every blogger on the Right in America. They want Barack Obama to be in regard to a failing economy everything that James Earl Carter Jr was.

This is a dream that conserrvatives have long sought to live out in all its anti-Keynesian multiorgasmic glory. An American president that is liberal, the first black President taken down by the one thing he has to keep moving forward that has been the Achilles’ heel of the worst presidents in American history–the constant flow of jobs to create more materialistic comfort for the citizenry. The turth of course is that the bulk of the economy is fine and there curently is growth. However, 1% or 2% isn’t enough for your world’s largest and most powerful consumer economy.

“I would have all of you consider this, the US unemployment number if it goes higher by more tha 0.2% will trigger a panic response not in markets they are already convulsing as we see in Japan tonight, but in consumer confidence. Americans do not realize that the fasting growing sector of their economy right now is small business. That is the greenest of green shoots. Unfortunately, that is growing ina very dark room gloomed by the media now convinced that the world is headed for a second recession–at least!”– Carlton Pryor, last night on the HBS programme, NewsTalk with Maarit Outi Pekkonen.

Materialists and their conservative allies demand 5%, 6% or even 7% growth on top of similar growth the year before. These are staggering amounts of largesse being heaped upon staggering amounts of greed. This fantasy is no longer sustainable and the Right when they come to power when a fearful electorate drums Mr Obama out of office in 2012 will come quickly to realize this. I hope that the damage they can do in two years does not create an America that is slipping toward third world status with questionable drinking water and regular shortages of electricity. It is in the hands of corporations now despite the fact how grand Barack Obama has been to them the great white whale of monied bigotry still does not like the sight of the man. If those who control the levers of economy, the corporate groups who actually run the economy care to listen to an economist who has had to bring an economy from the brink with corporate help I offer this morsel of advice, “Men who put their Faith in iron bars are soon doomed to have their Faith tested.”

Qu’ul cuda praedex nihil

Carlton Pryor, D.S.V.E., O.Q.H.[Econ.].
Lead Economist
TED-OG
147 4 Levithan 2 AS

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