Wednesday, May 21, 2008

I Hate When I'm Right

Kevin Phillips, former Nixon Strategist's new book exposing even more Bush Shenanigans:

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Money Quote:
"The real numbers ... would be a face full of cold water," says Phillips. "Based on the criteria in place a quarter century ago, today's U.S. unemployment rate is somewhere between 9% and 12%; the inflation rate is as high as 7% or even 10%; economics growth since the recession of 2001 has been mediocre, despite the surge in wealth and incomes of the superrich, and we are falling back into recession."

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I have been saying for years that they've been cooking the books on unemployment and manufacturing jobs. Knocking people off of unemployment statistics if they've been so for "too long" or calling fast food jobs manufacturing. Why did I know this and nobody else?

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More quotes:
The domination of financialization, Phillips observes, presaged the decline of global powers in Spain, the Dutch Republic and Great Britain. Unfortunately, the United States now "luxuriates in finance at the expense of harvesting, manufacturing or transporting things."

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And that gets to the heart of the problem, forgetting all of the symptoms that are usually thrown around. We no longer make shit. We no longer create shit. Our best minds push paper around a cubicle and look for loopholes to exploit. All of those office workers better get used to manual labor as we end up having to completely restructure and rebuild our infrastructural systems. At least they might feel like they did something positive at the end of the day and lose that empty feeling.

I think we've found our crisis for the Millenial Generation to prove their "greatness" that is if peak oil, housing crash, and environmental collapse weren't enough.

More on generational studies to come today...