Friday, January 01, 2010

Troubled U.S. economy out of ideas, out of mojo, out of gas

Uh... that ain't the hope and change we were promised. Is it? Dang.
Troubled U.S. economy out of ideas, out of mojo, out of gas:

"Perhaps we'll have a U.S. dollar crisis, as many fear. With two wars to fight, millions out of work, a quarter of all home mortgages under water, and no clear plan to get out of this mess -- other than a geyser of public cash or debt guarantees, now at $11 trillion and counting -- it's hard to see a happy ending.

Quite simply, the U.S. has lost its mojo. It's not just broke. It's bankrupt of ideas.

The nation that gave us inventive geniuses like Henry Ford and Thomas Edison is now in the casino biz. With Wall Street's help, the Fed inflates speculative bubbles to buy time and paper over its messes."

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