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September but he did not say he was going to step down now. the army was asking the people, please stop the protesters, let s try to get life back to normal. they don t have food in their grocery stores and there is in fuel, no water, no deliveries, no a.t.m. s, and it is beginning to descend into an unworkable environment. and then, all of a sudden, the thousands of government supporters, pro mubarak people, came into the street and the violence was ranched up to a level we have not seen and the military saying we will not move on our people. we are united egypt and we will not move on our people. well, now, it appears in this one spot where this one camera is watching, the military, indeed, has moved in and the violence has escalated into the square. are you getting any intelligence on what is happening on the ground? who is fighting with whom? why this is happening now?
PeopleProtestersArmyWaterLifeFoodGrocery-storesDeliveriesFuelEnvironmentThousandsAll-ofa-suddenDoubt they will spend but they will buy less. that is the point as well. and one thing about that is, the record consumption that happened in northern europe and america in the last 20 or 30 years is fueled by credit. same as what is happening in the united states government it is fueled by atm s, and running the second mortgages and fueled by credit cards that has contracted 50 percent . people s savings rate is going up. but that means they are not spending as well. much. and consumption is the end of the productive process . we don t node more cash for clunkers but more profit for things like steve jobs. great discussion. and bah humbug if they aren t;? did the government just guarantee your car and gas in it will be so expensive, you
ConsumptionPointThingAmericanNorthern-europeDoubtRecordOne2030CreditCredit-cardsRoulette so far, we have seen him blame president bush, the tea party, a dysfunctional washington, the japanese tsunami, the arab spring, atm s, the internet, bad luck, and bigfoot. now, ok, i just made up big foot but he s pretty much blames the bad economy on everything except his own bad policies. well, he promises hope and change but never told us, you know, it was bring the bad luck. look, i mean, it s rather pathetic for a president. you elect a leader to deal with them and master them if she or he can but not to go around whining and complaining about events. dealing with events is what a leader does. and, you know, luck is the residue of design and obama had a very specific design for the american economy. the trillion dollar stimulus which left a trace, and this
President-bushTea-partyBad-luckInternetTsunamiRouletteDysfunctional-washingtonAtm-sJapaneseArab-springEconomyLuck