Full Commanding Denial
March 25, 2009 12:25 AM Subscribe
There have been a lot of descriptions of our new president, but being in "full commanding denial" is a new and, sadly, insightful one. Clusterf*ck Nation's Jim Kunstler observes that the bailout "is predicated on the idea that the mechanisms of wealth production -- even of illusory wealth, such as the fortunes created by trading securitized unpayable debt -- can keep chugging along, spinning off limitless additional suburban villas, chain stores, car trips, and deep-fried snacks." For a different view, the folks over at the excellent Baseline Scenario have been doing some interesting thinking about The Cultural Costs of Bailout Nation. For an even bigger big picture view, Dmitry Orlov's original analysis of the USSR vs. USA collapse in Superpower Collapse Best Practices seems to be even more resonant in his recent appearances. Maybe it's time to give Full Commanding Denial another chance ....
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