"For fifteen years we rode a tsunami of foreign capital pouring into American markets. We didn’t save a penny. Why should we? Our home equity was our retirement account. Our smartest kids got MBAs and went to Wall Street derivatives desks. Engineering was for dummies. Home prices rose so fast that local governments swam with tax revenues and hired with abandon. Everybody went to the party. Now everybody has a hangover, especially the bankers. We thought we were geniuses because we won the lottery. Now we actually have to produce and export things, and we have to play catch-up. Our kids are competing with Asian kids who go to cram school and practice the violin in the afternoon. This isn’t going to be easy, and the sooner we decide to roll up our sleeves and get back to work instead of looking for bankers to blame, the better our chances of coming back."
NOTE EU-DIGEST: EXCELLENT SUGGESTIONS - BUT TOO LITTLE TOO LATE. HOW CAN THE PROTESTORS FOLLOW-UP ON THESE SUGGESTIONS BY PAJAMAS MEDIA AS LONG AS PRIVATE INTEREST GROUPS STILL CONTROL POLITICIANS ON THE LEFT AND THE RIGHT; WITH A DEREGULATED US CORPORATE STRUCTURE DOING WHATEVER THEY WANT; HIDING ASSETS IN OFFSHORE LOCATIONS;NOT PAYING ANY US TAXES;EXPORTING JOBS ABROAD; BANKS CONSIDERED TOO BIG TOO FAIL; AND PROMOTING A LOCAL TRICKLE DOWN ECONOMIC SYSTEM ----WHO ARE WE KIDDING?
BELIEVE IT OR NOT THESE KIDS IN THE STREET ARE REALLY FIGHTING FOR OUR COMMON INTERESTS AND THIS IS NOT GOING TO BE A T-PARTY
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