For all the many problems with our President, he was not “an affirmative active appointee as a pert-timr prof at a third tier law school”. He was a lecturer (not a professor) at the University of Chicago, one of the best law schools in the country. However, as you suggest, I’m still not sure why…

We could do this in the areas of the country away from the coasts and large population centers. Those areas are useless to the rest of us who are used to or have ever lived in the country. Hey, folks, we do not need you. Go find an old book called “Ecotopia”, scrub the deranged hippy ideas out of it and you have what I am talking about.

Just think of all the independent labor, skilled labor sole proprietors, etc who are not making any income, or barely so, but do not get counted.

In addition we have the loss of all the money the illegal immigrants were cycling through the economy. They were never counted, but millions of those worked and spent a good portion of their income on rent, utilities, food, cloths etc. All this is gone as the construction industry collapsed. This translates into a very large amount of consumption.

Cadmus

Actually, no joke, if current trends continue, we’ll be Islam east of Mississippi and Greater China to the west. Two brand new alphabets for the kids to start learning.

Either that or –we have to find a way to keep universal suffrage from eating its host. What were we thinking, anyway? Might as well give your ten year old the keys to the car and an expense account at the local saloon. If we made the voting age 25, who’d complain –everyone younger will be there soon enough. And everyone older will have a nation to live in.

I wouldn’t assume that decent people will be at the bottom of the barrel. Obama supporters tend to be the least skilled, competent or intelligent employees so they have almost universally been laid off in large numbers by small businesses. They might as well have just quit their jobs as to vote for Chauncey Gardner. The effect is the same.

If you have a guy who used to hold a higher position that you can get for the same money as the lower quality employees the small business employer has been subjected to recently then there will be jobs for them… low paying, menial ones that used to be held by Obama-bots but skill will trickle down as there is less room at the top.

Unemployment benefits will delay a lot of people trying to re-enter the workforce. I expect a new perpetual welfare class to arise as duration limits are removed from such benefits.

Given the deficits being run there are only a few ways to make up the shortfall; hyper-inflation, higher taxes on a broader swath of the population, repudiation of the debt. The first two are the plan with the debt repudiation being the fallback position. We are going to get stagflation as an object lesson to all of the people who are too young to remember Jimmy Carter or who are citizens of other countries now voting in our elections.

Of course, the only rational way out is through deep federal budget cuts, reduced regulation and low taxes while maintaining a steady money supply. If history is any indication we will get around to trying this about 50 years or so from now.

Repeat, Those three 2007 SEC rule changes could not have been better designed to act in sequence to abruptly swell the bubble, pop it predictably, and then during the resulting crisis quickly merge huge chunks of American business into the government.

Wonder why –? One would expect perp walks instead. Very mysteri-a-soros.

As is the Bush admin’s thoroughly baffling and maddening silence.