How dumb are the economic policies our master’s have loaded
on our back? This dumb:
“…the Congressional Budget Office (CBO) has downwardly
revised potential economic output for 2017 by 6.6 percent since the start of
the recession. This may seem trivial, but for a $15 trillion economy, this dip
reflects roughly $1.3 trillion in lost future income in a single year, on
top of years of cumulative forgone income (already at roughly
$3 trillion and counting). The level of potential output projected for 2017
before the recession is now expected to be reached between 2019 and
2020—representing roughly two-and-a-half years of forgone potential income.” –
Andrew Fieldhouse
That forgone potential income will not be coming out of the
pockets of the plutocrats. If in the
next four years we face another slump, the only group that will get bailed out
will be the fat cats, just as the only group bailed out in 2008-2009 were the
bankers, boiler room conmen, hedgefunders and offshore men who got the Fed’s
Instaloan cure. So we have a rough estimate, at least, of the next step down by
the American middle class. They can stare at it, or they can stare at the
glassy screen of their tv and pretend that the instruments haven’t flashed the
disaster sign. I think of this as sort
of the Dixiefication of the U.S. – every space will eventually look like S.C.,
with the rich in the stratosphere and the rest happy to get catfish.
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