[Yes, we’re going to get change all right, but, as James Howard Kunstler says, “The broad American public voted for “change” but they thought that meant a “changing of the guard.” Out with the feckless Bush; in with the charismatic Obama… and may this American life now continue just as it ever was. The change actually coming will be much more than they bargained for, namely our transition from a wealthy society to a hardship society.”]
In the twilight of the Bush days, in the twilight of the twilight season, a consensus has formed that we are headed into a long, dark passage leading we know not where. Even CNBC’s Lawrence Kudlow has been reduced to searching for stray “mustard seeds” of hope on hands and knees in a bleak and tortured financial landscape. Half the enterprises in the land are lined up for some kind of relief bailout and a blizzard of pink slips has cut economic visibility to zero.