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Economic dominoes continue to fall

Passing the world oil peak has had, and doubtless will continue to have, relatively little impact on the long-term price of gasoline. The economic implications of getting through the first half of the Oil Age have been much more significant, a trend that seems likely to continue until the collapse is complete.
We’ve seen 106 banks fail, so far, including some of the monsters. Others were perceived by the Obama adminstration as too big to fail, so we tacked on a series of taxes to future generations of Americans. A majority of those taxes will never be paid because the whole country is bankrupt (and not merely financially). Regional banks are suffering, too. We’ve seen house prices plummet under the weight of massive foreclosures and a bubble pumped up by the likes of Greenspan and Bernanke. We’ve seen entire airlines disappear, along with a plethora of other companies. The nation’s largest car company was socialized when we the people took ownership. (Against our wishes, of course. Isn’t faux democracy great?) Unemployment has risen, and continues to rise even as the Obummer administration throws massive fiat currency at every enterprise they deem worthy (expectedly excluding you and me). Suddenly, shopping at Wal-Mart is all the rage because, despite lies from the federal government, prices continue to rise for the average consumer.

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Politics and personal responsibility

I’ve long recognized the two-party, one-ideology basis of American politics, and I was calling Barack Obama a neoconservative long before it was popular to recognize him as the Teflon President 2.0. But even I can hardly believe this tidbit from a guy I thought was pretty damned smart: From the I-cannot-believe-this-is-happening camp, Obama is appointing a Monsanto man as food safety czar. Welcome to Farmageddon, land of the free.

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Neocon nation, redux

I caught a lot of flak from readers on this blog when I pointed out, six months ago, that we have become a neocon nation. I even pointed out the apparent neoconservative tendencies of our newly elected president, much to the chagrin of readers across the political spectrum (meaning, I suppose, Democrats and Republicans, the spectrum for which is about as broad as that from indigo to violet on the electromagnetic spectrum).

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