The first rock that flies through an East Hampton window, or the first firebomb tossed into the lobby of Goldman Sachs Manhattan headquarters could ignite a chain of events that shoves all economic policy out of the political arena and quickly divides everyone at the center of power into armies out for blood.
SHOOT: Interesting what Kunstler says here about the electric car. It's difficult to disagree.
SHOOT: Interesting what Kunstler says here about the electric car. It's difficult to disagree.
The cat coming out of the bag this week -- a frazzled, flaming, rabid, death-dealing cat -- is the news that Goldman Sachs will announce impressive second-quarter profits, and set aside $18 billion or so for employee bonuses averaging $600,000 per head (though, of course, not evenly distributed among them). There probably are not fifty-three people in the USA who can explain how this development figures in with last fall's bailout gift from the US treasury, or the $13 billion GS received on the backside of US gift payments to the failed AIG insurance company, plus the reams of necrotic securitized debt paper rotting in the back of the GS vaults. This is a company playing with the fire of world history. At this rate, sooner or later, anything identified with wealth could become a target for the wrath of the unemployed and foreclosed. I believe public anger will overwhelm any attempts to transform our contracting economy and the president's ability to manage it.
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