Fire Sale - USA
The Main Stream Media (MSM) and Wall Street have both missed the importance of the attempted sale of Alcoa to concerns outside the United States. Chalk this up in the same category as the sale of our ports, the sale of our turnpikes, and the sale of our land to concerns outside this country. We're literally selling everything we have... to buy our groceries and pay our bills.We've been selling our innovation, or manufacturing capabilities and plants, our property, our money, our jobs, our resources, and even our infrastructure to offshore concerns. Bottom line: we need the money. We're worse than a heroin-addict trying to scrounge up the money for our next fix. We've over extended ourselves, we're deep in debt (personally, federally, and in our corporations), and we're selling everything we have for that next fix of money so that we can continue to spend spend spend.
To compound the problem, we're doing NOTHING, NADA, ZIP, to prepare our future (our children and young adults) to compete with the rest of the world. "American Idol" is THE important media event. Science and Engineering is school is just too hard... selling drugs brings in money much faster. Well folks... we're toast. TOAST.
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posted by G @ 10:24 AM
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