Some words from MollyThe U.S. is over $7 trillion in debt (no problem); China buys $1 billion worth of U.S. treasury bills a day (thanks for floating us); Americans love the prices at Wal-Mart (made in China, cute!); the Chinese save 50 percent of their domestic product; the average American has $9,000 on his credit cards; our economy is fueled by a fragile housing bubble; the minimum wage is $5.15 per hour ... ; taxpayers who earn over $1 million saved $30K under Bush tax cuts; the war in Iraq costs $9 billion a month; by 2040, our kids will be unable to do more than pay the interest on the national debt ... ; bankruptcy reform makes it impossible to escape your debts; in Darfur [Sudan], people earn $1.25 a day. .....
It is a curious thing that as the disadvantages and, indeed, perils of globalization become clearer and the subject of ever-more worried books by respected economists, the mainstream media keep treating the whole problem as though it were about a bunch of protesters in turtle costumes at the G8 summit. If it were not for Lou Dobbs on CNN, one would never even hear it mentioned on television.
Sounds like a promising future, eh?
Molly Ivins article
Quote of the Day
Mitch Hedberg - "I tried to walk into Target, but I missed. Damn. I think that the entrance to Target should have people splattered all around, then when I finally make it in the guy will say "can I help you sir" and I'll say "Just practicing"