There is no answer too strong, there is no reason so
weak, there is no other cause so worthy, there is no other need
greater than our own. We have this idea for government that has
become so perverted and so mutilated, but we hold on to it for what
it once was rather than what it now is. We hold tight to the idea,
but that is not the reality and so we find ourselves on the outside
looking in at a surrealist image.
Bloomberg- "Rich shoppers are driving an increase in consumer spending, bolstering a recovery that masks reluctance among less affluent Americans to join in.
Sales are up at Tiffany & Co. and Coach Inc.,buoyed by demand for $6,000 diamond pendants and $1,200 leather handbags as a stock-market surge pads the wallets of the wealthy. At the other end of the economic spectrum, Wal-Mart Stores Inc., the world's largest discount retailer, reports "everyday Americans" are living paycheck to paycheck as they await an improvement in job prospects."
"Masks a reluctance among less affluent Americans to join in"? George Orwell would be proud of such a sentence, with it's inverted meaning. Our unmet needs are our reluctance and our shortcomings are somehow voluntary. If only we would spend more like the affluent do, then this Depression would be quickly over. This isn't poor editorial oversight, nor miscue, but a perversion of truth and a foundation of blame. It allows those purchasing $6,000 diamond pendants to feel good about themselves because the "less affluent" among us are just reluctant.
Bloomberg- "The uneven progress in household expenditures, which account for about 70 percent of the economy, helps explain why Fed policy makers likely will keep interest rates near zero and complete a second round of Treasury purchases. Unemployment averaged 9.6 percent last year, the highest rate since 1983, even as the expansion gathered speed.
Consumer purchases reflect bigger
gains among high-income households and "financial pressures on
those of more-modest means," according to minutes of the Fed's
Dec. 14 meeting. Feroli estimates the top 20 percent of wage earners
account for about 40 percent of spending, while Dean Maki, chief U.S.
economist at Barclays Capital Inc. in New York, puts their
contribution at closer to 50 percent."
Time magazine inside of its January 17th issue has on the inside front cover the following, "How a strategy to help a regional store go national is putting thousands of jobs back on the map."
PROGRESS IS EVERYONE'S BUSINESS
"When a chain of retail stores needed capital to expand, we helped them find it. Soon, new stores were opening in other towns and other parts of the country. Providing value for families and job opportunities for thousands of inventory specialists, warehouse supervisors and managers in training."
Who is responsible for doing these wondrous things? Who would buy a two page advertisement in a national magazine to trumpet these amazing accomplishments? Goldman Sachs, why everyone knows what a force for good works the Goldman Sachs people are.
This campaign is designed to show us little people how
misunderstood investment banks like Goldman Sachs really are. Helping
companies grow, building wind turbines. Goldman Sachs, gives no names
of these companies and no specific examples of their good works, so
just trust them and don't ask any questions. Without companies named
or specific examples these advertisements should begin with, "Once
upon a time," they are fairy tales, little bits of corporate
This entire issue of Time magazine was propaganda, "Afghanistan's Endgame" Are we at the end of Afghanistan war? "Where the Jobs Are" There are jobs available? Then in a degree of corporate cuteness and in small print with an arrow, "And where they're not." Which means of course, that if you can't find a job then it's because you are looking in the wrong place or looking for the wrong type of job.