November 20, 2009

Americans Are Messaging Each Other 'S.O.S.'

By Lee Cary
In many and varied ways, Americans are tapping out the international distress signal to each other since Washington, D.C. isn't listening.To all except the most zealous supporters of the Democratic Party, the intentions of the party in power have become clear in less than a year. It's also clear that there's not much we citizens can do about it until the 2010 elections. For now, we hunker down and watch the train wreck in slow motion. This is not defeatism. For now, it's reality. Meanwhile, the noise surrounding the decline of the U.S. economy has taken on a contradictory surrealism of sorts.In the Globe And Mail, economist Nouriel Roubini writes,The story of the U.S. is, indeed, one of two economies. There is a smaller one that is slowly recovering and a larger one that is still in a deep and persistent downturn ... So, while the United States may technically be close to the end of a severe recession, most of America is facing a near-depression. Little wonder, then, that few...(Read Full Article)