Aging Economy and Politicians Are Signs of Decrepit US
Bankruptcies rising, Dow plunging, recession looming, antique politicians continuing far beyond their stale date, always lying but never dying, welcome to America today!
Let me roll out our best and brightest for you … or just roll over them. While Diane Feinstein is far beneath the most important news of the day, she is certainly emblematic of the decrepit state of politics in Washington, DC, and the appropriate image for the decrepit state of the US economy as well.
Feinstein was finally rolled back into the Senate today today, looking far more like she had suffered a disabling stroke than like she had shingles. This fits with other brain-damaged Democrats in government, both literally and figuratively. Their heads are filled with dust and bats. From Biden-His-Time Joe to Schlepping Schumer to Finale Feinstein to Faltering Fetterman, as well as Head-Banger Mitch and even Two-Timing Trump, America’s most popular serial sex fiend, America increasingly votes to retain the nearly and perhaps-should-be deceased members of the corrupt establishment of billionaires and head-bonkers. Its elderly and disabled slew of leaders explains the whole rickety state of affairs, but we keep voting for them!
Like its politicians, America’s economy is aging badly through gross mismanagement over many years by these same politicians (on both sides of the aisle) and by feeble-mind money managers and treasurers who can’t count their own fingers, much less manage the economy. The nation's fourth failing bank, PacWest, survived through last weekend without a takeover by the government, but it is sliding even deeper in that direction as it heads toward this weekend. However, our banks are continually “strong and resilient” according to the mindless reassurances of Papa Powell and Gramma Yellen.
As a result, the Dow started the day with a 300-point plunge. More news about inflation, says it looks like it is hunkering down for a lingering stay. Corporate bankruptcies are now at their highest level since the Great Recession, and JPM Chief Jamie Dimon warns that panic will overtake the markets BEFORE the US hits default, which is scheduled for less than a month away. That is in line with my own claim that concerns will also overtake credit agencies, resulting in a downgrade for the US credit rating before we hit Default Day, due to this battle of brinksmanship, just as we saw in 2011.
And in times of economic peril and gross political and monetary mismanagement like our present time, that cannot be good!
(The headlines for all of these stories appear in boldface among the many other big-news headlines in the following section,.)
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