tag:blogger.com,1999:blog-3358148998045555545.post1930567749833154556..comments2024-03-25T20:53:08.496-05:00Comments on May Day Books Blog: The Accident on the PotomacCoreyhttp://www.blogger.com/profile/07629684440934461513noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3358148998045555545.post-28454594508015777542011-08-08T20:06:06.274-05:002011-08-08T20:06:06.274-05:00Yes, and even the comfortable middle class - Democ...Yes, and even the comfortable middle class - Democrats and Republicans - took a big 'bong' hit today. Market dropped 650 points today and that is because the trillion-dollar cuts will bring an official recession again. Parts of Europe are still teetering on the edge of actual bankruptcy. Somewhat frightening - and no mass action in the U.S. as yet.<br /><br />Other parts of the world will lead, and are already.Red Froghttps://www.blogger.com/profile/14757809604839647508noreply@blogger.comtag:blogger.com,1999:blog-3358148998045555545.post-52759025425759967412011-08-06T09:36:53.559-05:002011-08-06T09:36:53.559-05:00S&P downgraded US creditworthiness from AAA to...S&P downgraded US creditworthiness from AAA to AA+. What this augurs is not clear. But as the FT points out: "It is an unambiguous and loud signal of the country’s eroding economic strength and global standing."<br /><br />Meanwhile, for the majority of Americans, life becomes -- to paraphrase Hobbes -- ever more brutish and nasty.<br /><br />And presiding over this is this corporate marionette, this pathetic excuse for a president. Aided and abetted by the whores in Congress and the mass media presstitutes. <br /><br />Things aren't looking too great.AAhttps://www.blogger.com/profile/13242448989166177843noreply@blogger.com