Shelter anyone?

Chicago Tribune ^ | January 22, 2006 | Alan Tonelson

[Willie Green]

HURRICANE KATRINA: THE STORM AND THE METAPHOR
We're not prepared for an economic hurricane either

AS ITS BROKEN LEVEES AND drowned pumping systems made so painfully clear, if the Big One was widely predicted in New Orleans, it was never genuinely feared. After Hurricanes Katrina and Rita, disaster preparedness and prevention are no longer completely academic subjects.

If only such realism could be injected into U.S. policymaking before a widely predicted economic disaster finally strikes.

Hurricane-force winds of overspending are building storm surges of debt that tower over the levees and pumps available to American leaders. These mounting imbalances could wash over the economy and leave America and the world submerged in a deep, long-term downturn.

This building economic storm has generated at most pro forma acknowledgments. Even worse, discussing crucial international dimensions of the looming emergency is usually considered taboo, even though numerous, ongoing policy mistakes on this front have heightened America's and the world's vulnerability.

Ironically, these failures were showcased in the most prominent way possible just before Katrina, when key global economic aristocrats gathered for an annual gabfest in Jackson Hole, Wyo.

[Willie Green]

ping

[ARealMothersSonForever]

We are DOOME

Economy's Leading Indicators Rise in December, Pointing to Possible Uneven Growth

Conflicting information.

http://biz.yahoo.com/ap/060123/economy.html?.v=9

[Mind-numbed Robot]

The good economic news is due to people maxing out their credit cards in anticipation of the fiscal deluge. :-)

Liberals are never concerned about spending, or most anything else like bribery, wire tapping, misuse of government, etc., when they are in power. It is when they are out that they become super sensitive. They haven't change their tune, only their focus since the battle cry of "Worst economy in 50 years" when Slick was running against GHWB.

As always with liberals, good news is bad news and bad news is good news. Everything is always upside down with them.

[Travis McGee]

What Chicken Little dares to say there is danger ahead? This is the greatest ship ever created by man! Why, it's engines, right now, are running at record RPMs! We are going faster than any ship before! Our ultra-modern system of watertight bulkheads makes it unsinkable, in any event. There is absolutely nothing in the future which can be a possible risk to this mighty vessel! Anybody who says otherwise is a doom and gloom nay-sayer! Full speed ahead!"

[GOPJ]

Thanks for the ping.