And how does the rest of the world, of whose tender sensibilities then Senator Obama was so mindful, feel about the collapse of American consumer excess? They’re aghast, they’re terrified, they’re on a one-way express elevator down to Sub-Basement Level 37 of the abyss with no hope of putting on the brakes unless the global economy can restore aggregate demand. What does all that mumbo-jumbo about “aggregate demand” mean? Well, that’s a fancy term for you — yes, you, Joe Lardbutt, the bloated disgusting embodiment of American excess, driving around in your Chevy Behemoth, getting two blocks to the gallon as you shear the roof off the drive-thru lane to pick up your $7.93 decaf gingersnap-mocha-pepperoni-zebra mussel frappuccino, which makes for a wonderful cool refreshing thirst-quencher after you’ve been working up a sweat watching the plasma TV in your rec room all morning with the thermostat set to 87. The message from the European political class couldn’t be more straightforward: If you crass, vulgar Americans don’t ramp up the demand, we’re kaput. Unless you get back to previous levels of planet-devastating consumption, the planet is screwed.
Saturday, December 27, 2008
Two lumps of coal and a bundle of switches
Mark Steyn, nice:
Posted by Georges at 19:35