The quick description of this video is:

Fareed Zakaria, editor-at-large at Time Magazine and host of CNN’s “Fareed Zakaria GPS” program, discusses his book “The Post American World” and the U.S. economy.

Zakaria, speaking with Tom Keene on Bloomberg Television’s “Surveillance Midday,” also discusses U.S. policy in the Middle East and the sovereign debt crisis in Europe.

Is that enough for your lunch plate?

  1. Taxed Enough Already Dude says:

    Confirming the very elementary deduction government regulatory growth stopped private business job and wealth creation is the total absence of growth now, in the face of huge cash hoards in major companies.

    Its too hard to build a business, Government comes down on all who dare…legions of inspectors…reams of new confusing regulations…await the fool who invests in a business in this country.

    And if you dare to climb the mountain, and suffer the indignity of being smeared as a profiteer…evil…selfish…uncaring…then the lawyers sue at every stage of production and sales…legions of them descend upon you like a plague…all enabled by their fellow lawyer legislators…who wrote the laws to ensure your demise…to make certain the lawyers can enrich themselves…

    Its not rocket science why business creation ground to a halt starting in 2007…

    It only requires sanity, something sorely lacking in progressives who lust for power and riches…to control what the people eat, drink, drive, what medical procedures they can have…the lords of the realm won’t let go till all comes crashing down under the weight of their hubris.

  2. Dallas says:

    #4 well, I give credit where credit is due and put references in context with the crime committed. The Cheney administration was really a two in the box regime. Cheney was CEO and COO and Bush was President and CMO.

    #5. Yes, I am an optimistic American patriot. Ultimately, the pendulum swings to correct the damages done by the previous regime albeit overcorrects at times.
    However, we have a resilient system, the young sheeple are getting more progressive, the old right wing, loon sheeple are dying off at perhaps 1-2% per year. Finally we are starting to turn the corner on broad public awareness that green energy (conservation, alternative fuels, smart electric grid and transport, etc) is the future. We just need to combat the Puke party that is proxy to the established corporate rulers (oil, drug, military megaindustries).
    It will take 2-3 consecutive progressive administrations to dislodge the Supreme Corp. But doable.

  3. Dallas says:

    #9. Why are you using my term “new normal” without my permission?

  4. Taxed Enough Already Dude says:

    #22 Was that you or Weiner in those shorts?

  5. Taxed Enough Already Dude says:

    #22 Couldn’t be, it was sent to a College girl…now if it was sent to Bobbo, Weiner’s innocent.

  6. Thomas says:

    The reason that bullshit espoused by people like Dallas, that Bush is the source of our woes, is nonsense is that our situation has not stabilized nor improved since Obama took office. If Bush were the cause, then we should not see things getting worse and they are much worse. We have doubled Bush’s deficits, a debt load equal to GDP and 9-22% unemployment depending on how many pink unicorns and rainbows you use in your estimate.

    IMO, Obama has until the end of this year to show improvement in the economy or he’ll suffer Carter’s fate. Unless the Republicans run a dumber monkey like Palin, he’ll have no shot in 2012.

  7. foobar says:

    Thomas, the slide started long before Bush. Adjusted income for Americans stopped growing in the early 80′s while the cost of living increased. Income started to shift to the upper 5% within the US while the cost of living kept going.

    Basically the upper 5% bled savings and investment out of the other 95% by lending them money to sustain their standard of living. It wasn’t some evil plot or anything, just a systematic skewing of tax and governance laws for political expediency. Bush & Co were just riding the same populist approach that Gingrich and (eventually) Clinton followed – which Reagan started. Obama isn’t rocking the boat either. Ironically the only person who bucked the trend was Bush Sr and it cost him a second term.

    Today the financial sector is the number one business sector in the US. Shocking isn’t it? However no one overseas trusts the US banking and investment institutions anymore for fucking over not only their own country but 1/2 of Europe and the rest of world to a lesser extent. So money is steadily shifting away from New York which will just further exacerbate the problem since capital will be tighter.

    You might not like Zakaria but he’s right about one thing – it’ll take at least 10 years for US to complete the biggest write down in history. The upper 5% will have their money in Canada, Australia, Brazil, China or the Cayman islands. Older white Americans will continue to vote for Republicans as a block and everyone else will vote Democrat.

    It’s not the “end of America” or anything, it’s just the new reality. Expect the aging white baby boom generation to become fixated on one thing – themselves. I guarantee you the number one issue for the next 10 elections will be medicare and later old age security. The US defence budget will finally be cut back to prop these up.

    The US will bounce out over time, but it won’t be the same country you have now. And that’s just life.

    As for Obama, you’re right. He did inherit a bloody mess but now he’s got to put on his big boy pants and deal with one way or another. He’s had his way the new congress for the last several months so maybe he’s finally grown a backbone.

  8. foobar says:

    One other little item: the long term medical needs of US Gulf veterans from the last 20 will finally force meaningful health care reform.

  9. bobbo, the pragmatic Libertarian says:

    foobar–excellent moderate review. I will quibble: what you are describing is not a “bounce back” by my lights.

    A further “non quibble” would be to really judge the intentionality of the various players in this debacle. Really so unthinking?

    There is a notion at the foundation of American Opinion seen in the media and in the voters that our politicians are basically trying to do the right thing but they just aren’t that bright. The truth however is just the opposite.

    I find it disturbing even on the facts before us that “real” experts still cannot evidence whether or not the various stimulus responses were in net application too little, not enough, or about right. I say net application because from 30-50% of what is called stimulus was actually tax cuts for the Super Rich which is not stimulus at all but rather just the continuing rape of the middle class.

    The same rape goes on right now with the aid of our slumbering press: Medicare Termination covering MORE TAX BREAKS FOR THE SUPER RICH. That does not take place by mere bias or inattention. It is the evil of the Super Rich played out and manipulated by their bought and paid for Congressional Minions and the obsequiousness of the press.

    What should be instructive to us all even at this late date: the bailout of Detroit. It worked. Saved jobs. Cost the USA nothing. The PUKES were against it for various reasons, Obama got it thru.

    Yes, Obama could lose in 2012 if conditions worsen, which they could or only stay about the same–no recovery, as he will get no credit for avoiding the complete disaster which in the main was brought by PUKE thinking ((financial gambling, fraudulent products (though not illegal as they were unregulated) and being too big to fail)) which only continues to be pushed by them even now.


    Yea, verily.

  10. foobar says:

    For the vast majority of the people in the upper 5% (the only beneficiary of 30 years of voodoo economics) it was purely greed. There certainly are some “evil doers” but most it happened from a gradual errosion of cumulative changes in legislation.

    As for the wall street guys, besides being the whiniest guys on the planet, they will always do exactly what they can get away with.

  11. What? says:

    Foobar for the Win. FFTW.

  12. bobbo, the pragmatic Libertarian says:

    foobar==I could go low key and say “We are saying the same thing.” But I will be myself: “You are falsely differentiating between slow erosion and intentional evil.” Missing the fact that great evil all at once, say like turning MediCare into a voucher program, is too often spotted for the truth it is rather than the LIE the PUKES present it as.

    So, you have the evil part of it right, but the blaze/innocence of it wrong. But you are closer than most here, and thats always a better place to start from. Good thing you aren’t the type of idiot/shill that thinks the Dumbos and the Pukes are “the same.” Its that kind of stupidity that is KILLING AMERICA.

    Now just why do 50% of the 95% vote to KILL THEMSELVES AND THEIR KIDDIES all to benefit the top 5%? Everything I can guess at just doesn’t make any sense. Kinda like standing at attention and pledging to a flag on a hot summer day. Does that make any sense to anyone?

  13. Gildersleeve says:

    This blog would be so much more enjoyable to read if it had a filter that blocked all posts containing the following words:

  14. bobbo, the pragmatic Libertarian says:

    Silly hoomans like the Cheney Puke Puppet Bush and the religion pandering Palin make Jebus cry and the Dumbs look Smart.

    BTW–who uses “Dumbs?” That is offensive.

  15. foobar says:

    FFTW! Fastest Fourier Transform in the West.

    Thanks What?, you just made a geek’s day.

  16. Taxed Enough Already Dude says:

    #35 Bobbo, I sent your name in so when we start throwing seniors off the cliff, you are first to go.

    First deleted any vouchers with your name on them.

    Just so you know, we Republicans are thinking of you.

  17. Taxed Enough Already Dude says:

    #37 In other words, after we fix medicare and social security, we will leave you on the Democratic defunded by progressives ponzi scheme plans…which means you will have no plan at all.

    Obama, Reid, Pelosi, already gave your money to the unions, and left IOU’s behind…so sorry.

  18. LibertyLover says:

    #28, which Reagan started.


    And he wouldn’t have been able to it If any of you wish to check we had restraint until we gave up the gold standard. (from #19)

    When you can just print money, loads and loads of people will soon find they can vote themselves some of it.