Eugene David
...The One-Minute Pundit

Thursday, October 02, 2008


I'm thinking one reason a DEPRESSION!!!!! is less likely is because a lot of our industries didn't exist 75 years ago. Then it was basically automobiles and agriculture, and both went kerflooey. We don't need them quite as much (although it would have been nice if the LEGENDARY WELCHES now so thoroughly repudiated hadn't done their best de-manufacturing us, pardon the nonce word). Also health care and its near-twin GUVMENT have grown huger. This isn't to say all those JUNIOR EINSTEINS of Wall Street haven't done their best assiduously working on a plan to ruin the economy with their equations and arcane domino knockdowns, but, for what it's worth, perhaps the country has grown too big to fail. We can hope so.

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