Making A Case for American Apathy
Just make it past the introductory paragraph. Keep your apathy at bay for just 10 lines and we'll get to the good shit. I just listened to a 30 minute interview with David Rosenberg, the great economic predictor of Gluskin Scheff. Rosie, as he is affectionately called, makes no bones about labeling the current state of the American economy what it is. In a depression. No happy media spin for the clown prince in chief. Rosie states simply that recessions are contractions followed by rebounds. There is no rebound here and none in sight. We have not added one job in ten years. The stock market is no higher than it was 12 years ago. Recent GDP was a little better than expected but included one time aberrations that will not be repeated in the newer quarter. What does this mean for the typical on the ground working stiff in America? Not a damn thing. The current state of the economy will not put bread on the table, it will not help your attitude, and talking about something you ha...