“Look, it is a question of self-interest,” he continued. “Your economy is fragile and everyone is jumping from the dollar to the euro. Bush is destroying your economy.” Oh, Europeans. Needless to say, my friend was dumbfounded when the election results were announced. (I won’t even try to describe his reaction when we failed to “rebel” as a result of the voter fraud.)
Four years later, the same friend has moved to New York City with his family. He is excited about being in the United States at such “a historical moment.” His eight year-old is asking if he can join me in the voting booth. “The election of Obama will bring the United States into the 21st century,” my friend proclaims. “It will invigorate America’s credibility with the rest of the world.” When I tell him that I doubt that Obama will actually be elected, he directs the word “imbécile” at me. Cynical, maybe. Imbécile, I am not.
It may be possible to excuse Americans for not realizing how quickly the dollar is losing value. But, it should be obvious to everyone that our economy is in even worse shape than it was four years ago. People have been out of work for so long that they are no longer showing up in the unemployment statistics. Families are being kicked out of their homes unable to pay their mortgage costs. At this point, even the upper-echelons of our society are hurting. Major investment banks are being sold as if they are tenement homes in the inner-city. The sellers are happy to get whatever they can.
What does the future hold for us?