America’s Time of Reckoning
Friday, November 21st, 2008That which goes up, most certainly goes down.
The lands are beleaguered with angst. It almost plays out like an Intervention episode…where an individual is surrounded by those forcefully (and wishfully) attempting to instill reason to the weakly addicted. The lust & clamoring for more leverage (credit) has dug a rabbit hole far too deep for our Alice. I learned this the hard way myself not too long ago…where, after that tragic day on September 11th, I wandered aimlessly trying to find decent income while overloaded with the ball & chain of my spending sprees. It took an embarrassing length of time to get things in order…and during that time I watched the housing frenzy tempt me with the notions of buying a home with no money down (even with my battered credit scores). I’d learned by then that any deal too good to be true was to be met with extreme skepticism…like so many slot machines and game tables in Vegas…like that feigned interest by the ladies at gentlemen’s clubs (or Hooters). Now Detroit’s Big Three are even in the mix, with their decades of over spending, their time has come as well. They could have become streamlined & more competitive long ago…but they chose bloat over sensibility. The universal fear is no one knows when or how to make the bleeding stop…or where will it end…or whether another unforeseen geyser of hemorrhaging will suddenly appear elsewhere. The Great Contraction is upon us…countless billion$ in growth now returning to sustainable levels…at a rate the machine can realistically sustain over time. And it ain’t pretty. Where will the people go? What will they do for work? Who can fix this…when…and how? I hold great optimism for Obama & his chosen people. But this interim period between administrations seems like a chaotic time that is too sensitive to disruption…where anything can happen. If the Almighty is listening, the raucous roars of prayer by the masses must be deafening.
