April 17, 2009
This week, tens of thousands of Americans rallied for Tax-Day Tea Parties. But it was evident that particpants were not confining their opposition to tax issues alone. The omnibus spending bill and President Obama's budget, along with federal bailouts and overall policy initiatives were fair game among numerous home-made placards. (To many, it was a referendum on Mr. Obama and his new Presidential agenda.)
Whatever the causes of and remedies for it, this arguably grassroots movement is doubtless a result of the economic pinch felt by almost everyone. Judging from slogans, fear of future indebtedness due to sweeping economic policy shifts with broad social ramifications played an essential role, too.
How does one grasp the enormity of the situation? How did we get to this point? What will result? Kerby Anderson provides perspective, presents evidence for a permanent economic downturn and explains by analogy why this seems unavoidable. Wise words for tough reality.
Access the article at Probe.org here...
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