It’s just getting Wall Street some fee and interest income in between bailouts while blowing a bubble for your party to take advantage for the next election. It's what Bush did - had the People finance the economies expansion instead of the Government.

So, take your new found confidence as a consumer and spend debt like the dickens! just remember nothing has structurally changed.

Comments

nora's picture
nora 6 years 17 weeks ago
#1

I love your headline. Another succint statement.

It feels like we/re all marks in a heist. I mean, it is nasty. The worst part of it is we don't even get what we need from this Consumption model.

One example is housing.

'Affordable housing' is a term that exists because the consumption society doesn't provide choices so much as it sells a mythos-based existence.

People struggle to find a place to live. In the USA there is only great housing or awful housing, There is little in-between. That gap is the day-to-day reality of inadequate housing for many. The national goal certainly could be 'decent' housing for all'. But that doesn't go along with the myth that any American can live in luxury. (Can't let go of the myth! Some of the workers might slow down on the that treadmill if they were actually SATISFIED with life. Satisfaction is not the way to force more people into debt, not is it?)

Even the housing promoted to state and federal funders as "affordable" by developers is made by those developers to be high end, so that when the 20 years or so of affordable housing contract is met, these buildings can be rolled over into high-cost housing and rented or sold for more.

Anyway, that's the example that popped into my head.

Add comment

Login or register to post comments

Come Cruise with Thom Hartmann in July 2020

Join me for an exciting Bermuda getaway aboard Oceania Cruises, the world’s leading culinary and destination-focused cruise line. Set sail on the reimagined Insignia for 7 nights beginning July 25th 2020. Take advantage of Oceania Cruises’ OLife Choice promotion, where you can choose shore excursions, a beverage package, or onboard credit – Oceania Cruises also includes Wifi! You'll also receive complimentary gratuities, a $50 onboard credit and two exclusive cocktail parties. Did I mention we are planning special onboard events with yours truly? Prices start at $1199.

Reserve your stateroom today by contacting Keene Luxury Travel, and mention the Thom Hartmann Group 800.856.1155

or go to https://www.keeneluxurytravel.com/th-bermuda/default.asp

We Know How Far Trump Will Go - How Far Will Republicans Go?

Thom plus logo Colonel Vindman's testimony pretty much proves that Trump was trying to shake down Ukraine for information on Biden, and that the Republicans are doing everything they can to cover up this extortion attempt.