Tuesday, July 26, 2011

July Economics non-report

32 years ago, President Jimmy Carter made a speech in which he outlined a general malaise that gripped the nation, keeping us in an unending slow to nonexistent economic growth.

Malaise. That word works today, too.

The biggest difference is that just over a year after we elected a new government, bent on breaking out of that malaise, 67% of the people are blaming that new crop of congressmen, just elected, for the problems they are trying to solve.

What this really amounts to is that the public has gotten the first glimpse of the fact that they will have to make some sacrifices to return our nation to a path of prosperity, and they don't want any of it.

Some years ago, I said the American public, having tired of freedom and prosperity, have elected a government that will leave them impoverished and enslaved. Now it looks like they are happy being impoverished and enslaved. At least then they don't have to do the hard work and make the sacrifices that are required for freedom and prosperity.

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