Excellent article (#130, November 2010) on the Left Business Observer Journal site:
What a damn mess
You were under the impression
That when you were walking forward
You’d end up further onward
But things ain’t quite that simple.
—The Who, “I’ve Had Enough” (1973)
The time seemed ripe for a comprehensive look at the state of the U.S. economy—not the usual a little of this, a little of that approach, but some measure of how it all fits together. It will come as no surprise to most readers that the state is dismal. Not only are the masses doing rather poorly, but even the most orthodox measure of all, GDP growth, is in the tank. But this is not perceived as an emergency in some circles, because the elite is doing very, very well. [more here].