Return To Reality
A new malaise has set in which is inhibiting the economy andwill continue to inhibit value enhancement of substance for a longtime. Obama and Congress seem to have thought they could just dowhat they wanted to push through their agenda and there would be noeconomic consequences. I think Nancy still does not get it, and shethinks she can still push through more economy killing legislationin the lame duck session, like card check, cap and tax, highertaxes on many of you reading this, and other things like these.
With the digital revolution, globalization, and a truly terribleeducation system in many cities in the US, it will be a long timeto re-employ the millions who need to be working. The digitalrevolution is now materially impacting how jobs are done and theskills needed to get a good job. We are at the beginning of thisrevolution and it will severely impact those with a lesser qualityeducation and it will be a very different skill set than many nowpossess who are older. Companies have extraordinaryamounts of cash and will be more likely to spend it on capitalequipment which does the job of those with less education andlesser skills. Computers do not get covered under the newhealthcare bill. You can just fire the machine with no lawsuits byflipping the on off switch. You can yell at the computer with nolaw that says be nice. It is getting to where hiring an additionalperson becomes expensive and hard to terminate. Machines now thinkand even talk and take down information.
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