Posted in H.L. News, Main Blog (All Posts) on March 17th, 2008 1:51 pm by HL
Republicans benefit from the fact that recessions are class conscious, affecting worse those who can least afford them. An era of highly leveraged US economic expansion and empire is about to come crashing down and swept away. Count on the GOP to make out like bandits.
It seems like ages ago, the US was at peace, there was a budget surplus, the economy was growing, and the unemployment rate was very low. But not everyone was happy. There was an entire group of people who harbor not good, but ill will; an entire class wished for bad times and got it.
Until now, China had an interest in keeping the US ponzi scheme propped up –they sold billions to US citizens via Wal-Mart, the economic Kudzu that ate America. But since a Chinese sub popped up undetected in the middle of the US fifth fleet, it has been apparent that the honeymoon is over. China now leads the world in dumping dollars. Everywhere, it seems, it has become a habit.
It’s looking more and more like an economic collapse is coming. Gas prices are at an all time high, food prices are going up. Diesel prices are so high that truck drivers can’t afford to drive anymore, which causes food prices to go even higher. Housing prices are plunging, Bear Sterns just collapsed. It is all coming down hard. This is Bush’s final F&%k You to America. He is letting his buddies run rampant while they still can. After it is over he will retire to Paraguay, while the nation he ruined fights to survive.