Homestead mailing list

[Marie McHarry <mmcharry AT gmail.com>]

In a normal economy -- the kind we used to have before all the
financial institutions were deregulated and China ate our lunch -- we
ought to be recovering about now. But we have hit the pit of financial
deregulation. In a word, we are seriously fucked. There is no heart
left for bailing out the so-called too-big-to-fail institutions. When
it's all over we'll be left with the real economy, which has a
competitive edge in aeronautics, chemicals, and raw materials. If
you've saved your seeds and learned how to grow them, you might be
okay.

In the last 18 months of the previous administration, the total value
of US wealth decreased by 20 percent. Unless we return to reasonable
trade policies, rebuild our manufacturing sector, and deal with
Chinese manipulation of currency, we won't be recovering any time
soon.

Marie

On Wed, Mar 24, 2010 at 6:48 PM,  <Clansgian AT wmconnect.com> wrote:
>
>> >Nah, I'll bet James is just enjoying saying "I told you so."
>
> Normally I would, I'm a pretty nasty character.  But I've seen it up close
> and personal too often, takes the chuckle out of it in a hurry.