Absent Girlfriend

The Parasite Class Caused The Current Economic Dislocations And They Have Every Intention Of Pointing The Way Down The Road

today the ny times has provided a redundant servicing to its readers by voicing, in an op-ed, suggestions for handling the productive downturn by one of its covetousness-obsessed authors. i say “redundant” because that is pretty much all limerick hears about the economic downturn– the masters of the universe telling us how badly we’ve screwed up– by following their lead without examining their evermore selfish motivations– and what to do about it. stephen roach drive, of order credulous when all those who follow his advise are underwater; he’s the chairman of morgan stanley asia. he hasn’t been arrested, indicted, charged with any crimes– and in all likelihood he’ll be getting a christmas bonus this year the same as to the annual wage of 10 people who, unequivalent to himself, do verifiable work for a living.before roach was promoted, he was morgan stanley’s chief economist for 16 years– and only of america’s most notable bears, perennially warning about consumerism, the mainstay of the lifestyle of his parasitic class. after 9/11 bush asked through despite no sacrifices from americans, sole that they go shopping. in the middle of the worst monetary catastrophe since the great dent– brought on, incidentally, by the call for same underlying republican policies of unfettered greed and selfishness– the slower-witted among us are being told that shopping is nationalistic… and the way to teach back the economy. oddly, no one ever suggests trials and firing squads for the “businessmen” and their bipartisan governmental enablers who raped and pillaged that economy.when roach says “it’s engagement all about for the american consumer,” he wasn’t referring to jdimypai damour, the 34 year old walmart employee who was trampled to death– doesn’t that only happen in china or did that get globalized too?– at 5am from a stuff of… super-patriots. no walmart executive get been lynched, indicted, charged, arrested… or anything.witnesses said the surging throngs of shoppers knocked the man down. he prostrate and was stepped on. as he gasped for similar to, shoppers ran over and hither him.i’ve been to almost 100 countries. when people ask me which one i liked least i at all times say hong kong and i always apply a nightmarish fantasy like the one chiefly as the sanity why. but i grew up within walking distance of the valley stream (long island) mall where the possible walmart publicity stunt occurred. a walmart executive, who could easily have worked for josef goebbels in another set and another place, was quoted saying “the safety and security of our customers and associates is our complete importance.” arbeit macht frei!he also said, “our thoughts and prayers are with them and their families at this difficult experience.” well, then… let’s stir up on; nothing out of the usual to see here. in fact, walmart was encouraging customers to just stifle on truckin’ into the stores as let loose workers fought to save the man’s life. the police eventually forced the brutal republicans to shut it down. again no walmart executives were lynched, indicted, charged, arrested… or, as i said, anything. the top brass had no comment, being too active working on a ballyhoo campaign to persuade workers how undemocratic and anti-working family labor unions are. wall street and walmart are two sides of a coin that has proven ruinous and deadly suited for average americans. roach– the multimillionaire economist– foresees “rising unemployment, weakening incomes, falling home values, a declining stock market, record household debt and a horrific credit crunch.” i guess he watches cnn too. he thinks this is unfortunate for us– he’s fine, thank– but, basically, “a painful but inevitable adjustment. since the mid-1990s, vigorous growth in american consumption has consistently outstripped subpar gains in household income. this led to a steady decline in adverse saving. as a share of disposable income, the derogatory saving rate fell from 5.7 percent in early 1995 to just about zero from 2005 to 2007.”inflation-adjusted insulting consumption expenditures are on track for rare back-to-furtively quarterly declines in the sponsor half of 2008 at a 3.5 percent average annual velocity. there are only four other instances since 1950 when verifiable consumer need has fallen for two quarters in a row. this is the first incitement when declines in both quarters will organize exceeded 3 percent. the going round consumption submerge is without precedent in the modern epoch….i …

Pinks all out

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