File puptcrit/puptcrit.0902, message 375


From: Ed Atkeson <edatkeson-AT-earthlink.net>
To: puptcrit-AT-puptcrit.org
Date: Fri, 13 Feb 2009 11:19:50 -0500
Subject: Re: [Puptcrit] Stimulus for National Endowment for the Arts


 >>> The world financial system is loosely based on reality.  People  
have historically made big money when they push that reality further  
out into thin air.   Everyone has suddenly woken up and the dream is  
over. Like all good dreams that have come to an end, it is impossible  
to jump back into it no matter what you do.   We are waking up from an  
unreal expectation of our world to provide.  It has been said that  
within 20 years at the current rate of development we will require 5  
earths to provide the raw materials to everyone now expecting a seat  
at the table.  In cartoon terms right now we are the guy running  
furiously in thin air trying to get back onto solid ground.  We cannot  
consume our way out of this or spend our way out of it. The spending  
will be nice and might provide some comfort to us but we don't even  
have that money we are planning on spending.  If we woke up tomorrow  
and found that the economy was in perfect shape and we continued on  
our old trajectory we will still hit the wall. So many things have  
boiled to a head and the ground beneath us has shifted. Now would be a  
real good time to check out the foundation of what we are trying to  
rebuild.
--------------------
Good analysis! Thanks Hobey
Ed
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