Monday, May 2, 2011

What are the real grievances?

"It's not unfair to say that such grievances are purely and simply imaginary, which in turn leads one to ask what the real ones can be." Christopher Hitchens

The stock market is way up, corporations are making record profit, Osama Bin Laden is dead, Obama signed the largest tax cut in the history of the United States,created more private sector jobs in 2010 than during entire Bush years , but, they scream, he needs to cut spending!, so in 2010 the President signed the largest spending cut since 1955 and does another massive cut in 2011.

Just imagine for a second that the economy turns over the next year... I argue elsewhere that we're in the middle of one of the great economic transformations in history, but that doesn't mean that the economy isn't cyclical... and we are still going to see ups and downs... imagine it goes up, gas prices decline, unemployment drops, housing sales increase... what the hell will FoxNews and Limbaugh, et.al. do? To modify slightly the Hitchen's quote above - if their grievances are purely and simply imaginary, it does indeed, lead one to ask what the real ones can be.

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