Tuesday, July 27, 2010

Looking Back, Looking Forward

  • Scott P. Richert looks back to "before Barack Obama nationalized General Motors and enrolled the American people in involuntary servitude to Big Insurance and Big Pharma; before George W. Bush bankrupted the United States in a quixotic attempt to stamp out all evil and to secure the existence of the state of Israel in perpetuity; even before Bill Clinton repealed the most important parts of the Glass-Steagall Act and signed into law the Commodity Futures Modernization Act, sending the American economy hurtling downhill like a snowball headed for Hell" — Tea Bags: A Cautionary Tale.

  • As if following Mr. Richert's chronicle of misgovernance to its logical conclusion, Paul Craig Roberts looks ahead, to time after "Globalism had run its course" — The Year America Dissolved. "When hubris sent America in pursuit of overseas empire, the venture coincided with the offshoring of American manufacturing, industrial, and professional service jobs and the corresponding erosion of the government’s tax base, with the advent of massive budget and trade deficits, with the erosion of the fiat paper currency’s value, and with America’s dependence on foreign creditors and puppet rulers."
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    Omnes Sancti et Sanctæ Coreæ, orate pro nobis.