Jay I’m very happy that your blood pressure has returned to normal. There certainly has been some nefarious shit that’s been done, but as I see it, it’s inevitable that it would play out like this.

With everyone looking to Uncle Sam it was only a matter of time before the middle class got the shaft. This is just a return to the mean. The corporate class was and is largely an aberration. An anomaly created out of the economic distortions of the Great Depression and WWII. With America being the only game around and the gradual but purposeful movement away from manufacturing and towards a service economy ensured that the country would move inexorably into the cultivation and training of the management and bureaucratic elites.

The only problem is that we created too many of them and with the loss of our manufacturing base our economy began to stagnate. The cure was thought to be; more education, more information, more management, more asset appreciation. So out came trickle down economics, the Greenspan Put, the corporate raiders and the speculators.

All of that and lots of terrible policies that preceded it were all prior to those last three Administrations I talked about. I think Jhagi Bhai would agree.

We need a hard reset away from the Paul Krugman style of economics. We certainly need to worry more about our own citizens than foreign migrants. I don’t believe in a closed society but the only way back to prosperity is to create opportunities for those citizens willing and ready to work for it. Robbing Peter to pay Paul, particularly from the next generations (plural), is never going to succeed.