News that the big three auto makers will soon become one unit is confirmation of the pessimism that is now sweeping America. The auto industry is dependent on the world economy and the wisest of people predict a long world wide recession. Economists say that we have reached peak demand for the use of the automobile and public transportation will eventually replace individual ownership. It is obvious that most of us no longer can live in high style, we have been living large for too long and it is now time to pay the piper.
Our nation is now imploding and despite government bailout efforts the downward spiral will not end until it reaches a sustainable level.There will be many of us on long soup lines and huddled in public shelters. But there will be no starvation or sleeping on sidewalks. We remain a nation who has compassion for the needy and stand behind those that once made us great. private industry will be flooded with applicants for employment and pay only the minimum wage. The average wage will be used just for food and shelter. It will be hard times but once again our nation will rise after learning a bitter lesson. Living within ones means will become the golden rule.
Published by MP
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3 Comments
Post a CommentInteresting analysis.
Free drugs from the government are a good idea too; I think a lot of people out there need to be on meds.
I agree with you analysis here. However, with this last bailout, they could have given two thousand dollars to every man, woman, and child in America and gotten off cheaper. Then we could have a bottle of bubbly or two I suppose. As a long term member of the underclass this stuff doesn't scare me, because I don't have all that far to fall, and even if I end up homeless, they have free Wi-Fi at the library!