“Our very way of life is under siege,” said Mortensen, whose understanding of the Constitution derives not from a close reading of the document but from talk-show pundits, books by television personalities, and the limitless expanse of his own colorful imagination. “It’s time for true Americans to stand up and protect the values that make us who we are.”

According to Mortensen—an otherwise mild-mannered husband, father, and small-business owner—the most serious threat to his fanciful version of the 222-year-old Constitution is the attempt by far-left “traitors” to strip it of its religious foundation.

http://www.theonion.com/content/news/area_man_passionate_defender_of

ROFLMAO…

Britain is protecting the biggest heroin crop of all time

In a sick sort of way I guess it shows how free (albeit black) market capitalism can produce record outcome when the hand of government is not taxing the stuffing out of it

1. There was a baby bust after the baby boom. So the group coming is smaller than the group exiting. This has not happenend since the 1930s.

2. The young ones are coming in with debt (education) and higher costs. If they purchase a house at 300K instead of 150K, they can’t spend as much in the general economy. Thus the general economy will need to contract. For example, a friend of mine bought a condo 7 years ago, at age 33, for 100K on an 80K income. The 33 year old today, with the same income, would be buying the same condo for 250K but all other costs have crept up: muni, maintenance, heating, electricity…). 5 year fixed is nearly the same today as it was 7 years ago. But variable is much lower (we’re in Canada). Home values have been moving up on short rates.

All this to say that a huge tsunami is coming our way in the market for consumer products.

It’s called the “Paradox of Thrift”. The more one saves the less is contributed to the economy & as a consequence over-all wages will begin to decline and result in a rise in prople’s use of debt to make ends meet. End result is not a pretty picture.

It’s interesting to see the response my words triggered. Just demonstrates the law of unintended consequences.

We do have the power to change the world but not in the ways we think we will. lol!

I wouldn’t keep on dead wood to support the economy. Not all business owners cut to get mor BMWs.

IMO, the whole economy is out of whack. There are too many businesses in nearly all sectors but most don’t see it yet. Even after the shakeout they probably still won’t understand what happened.

Just take your typical 50 year old couple (45-50 is the largest group in the economy) and project their next ten years of spending. Make a list of where spending is going to increase and where it is going to decline. I am 40 and I have personally witnessed the dramatic change with my parents and with my in-laws. I also know that they were early because they are the oldest boomers and from what they have been telling their friends are about to do or experiencing.

So the way I see it, there will be first a lot of cost cutting but still this won’t be enough. Bankruptcies and consolidation will follow. And that is what our economy needs to get back into health.

That would be great Twilight Zone story depending on how it played out