What the hell is going on?!

We all know what we have to do to turn this economy around for the United States. WWII showed us.

Get on a "war" footing and rebuild our infrastructure and start building the next generation of energy producing technology. And just like "weaponry", keep improving it.

But we are not doing it, are we. Why? In my humble opinion, it is because our closet elitists — the British-American Imperialists and their lackeys — are still trying desperately to emasculate labor, reducing wages to the cost of keeping a mule alive: water, food, harness, stall, and medical care for breeding stock.

These greedy one-world bastards — of the lord in the castle surrounded by their doting indentured servants ilk, whose concept of the optimum society is an elite supported in their lifestyle by the labor of an underclass — were orchestrating their version of globalization when their economic house of cards aka Ponzi scheme came crashing down.

Whereas the American ideal — IMHO — is that of equal opportunity and fairness in distributing the wealth we all help create.

The British-American Imperialists — my label — are now desperately trying to stave off the return of fair wages for labor which would mark the end of their one world dreams. They are willing to sacrifice the future of our nation on the alter of their insane lust for power and wealth.

Addendum 8:40 AM Monday, February 16, 2009:

If you want to see what it really takes to boot the economy out of a debt trap, look at the large public works program, otherwise known as World War II, that ended the Great Depression. The war didn’t just lead to full employment. It also led to rapidly rising incomes and substantial inflation, all with virtually no borrowing by the private sector. By 1945 the government’s debt had soared, but the ratio of private-sector debt to G.D.P. was only half what it had been in 1940. And this low level of private debt helped set the stage for the great postwar boom.

Since nothing like that is on the table, or seems likely to get on the table any time soon, it will take years for families and firms to work off the debt they ran up so blithely. The odds are that the legacy of our time of illusion — our decade at Bernie’s — will be a long, painful slump.

— NY Times Op-Ed Column
Decade at Bernie’s
By PAUL KRUGMAN
Published: February 15, 2009