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America is too delusional to fix economy

By James West
http://www.MidasLetter.com
January 22, 2009

... among them is a foolish and all-pervasive American pride that precludes the first step in the recovery of any junkie whose behavior has become a threat to themselves and those around them, which is an unqualified admission and acknowledgement of destructive behavior.

... Obama acknowledges his absence of economic comprehension with the appointment of the same foxes who busted up the chicken house in the first place. Their solution? Print more money!

... America has evolved from a nation of conscientious savers to one of rapacious self-absorbed consumers. Buy now, pay later, is the most destructive marketing strategy ever devised by American retailers and creditors.

The Chinese grow more influential over American foreign and fiscal policy because we cannot afford to annoy the largest servicer of American debt. That's why we tolerate the human rights abuses in China. That's why we have nothing to say about the invasion and occupation of Tibet.

... and that, right there is the most dreadful outcome of American voluntary financially enslavement to China. The values and principles it has espoused since the American revolution become ever so hollow and faint as the country loses not only its conviction as to the sanctity and righteousness of democratic freedom, but also its ability to defend them abroad, and ultimately, to practice them at home.