Monday, May 25, 2009 2:30:22 PM
Ref - http://lifeaftertheoilcrash.net/Archives2009/KunstlerMay25GMBankruptcy.html
. . . the bankruptcy of General Motors may set in motion a chain of events hat will accelerate the destructive unwind of the bad credit economy, the damage to our bond values, the loss of faith in our currency, and the authority and legitimacy of our leaders. This last dire outcome might be allayed if, say, President Obama directed his policy efforts to the items in the paragraph above, that is, a reality-based agenda for true change in how we live - but who can feel confident about that happening these days? Maybe it will take a horrifying chain of events to get Mr. Obama there. And then, tragically, he may be overwhelmed by the chain of events itself . . .
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