Map of life expectancy at birth from Global Education Project.

Wednesday, June 01, 2011

We are in trouble. Big time.

Calculated risk has it all: GM says year-to-year car sales likely down; Institute for Supply Management manufacturing index down; Private employment increased by only 38,000 in May. (With public sector employment still likely declining, probably a net decrease in employment.) Mortgate applications down; Home prices hit a new low.

And all they're talking about in DC is cutting federal spending. Oh yeah, the Democrats are going along with it; Obama is even taking credit for spending cuts. Welcome to nineteen thirty two, but Herbert Hoover is still president.

This is likely to get very, very ugly.


C. Corax said...

As long as they've got theirs, they don't give a damn about the rest of us.

Daniel said...

It is enough to lead you to question whether we have a collective IQ in triple digits.

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