Wonkette editor Ken Layne unloads a blistering attack on pretty much everything in a piece that poses a rather salient question:
“Who Wants to Be President of HELL?”
Notwithstanding all the faithful talk of “hope” and “change” surely it’s an inquiry that has to have occurred to just about everyone.
If you’re poor – and you probably are, because John McCain says you need at least $5 million to be considered wealthy – then you no longer have the stuff that helped you survive. Credit. No crappy used car with a 16 percent interest rate for you, hobo. No more buying groceries on the Discover card and carrying that balance forever. No more raises. Hell, no more jobs.
Presidential candidates have been trotting out that “This is the generation that for the first time could do worse than their parents” line for a generation now. And you know what? We are here now. This is it. Only cheap credit and fancy accounting and cheap energy and Chinese labor dragged out our “prosperity” for this long, because the collapse really began in the early 1980s, during the Great Reagan Recession from which we’ve never truly recovered.
Sure, the rich did well, especially in the 1990s. Before this year, anyway. But that’s the top 5 percent of Americans, the households bringing home more than $150,000 a year, and more honestly the top 1.5 percent of American households, the ones earning more than $250,000.
The rest of you? Eh, not so good. Your income declined. Your debt exploded. If you’ve got a mortgage, well, sorry about that. If you’re renting, hopefully your speculator landlord won’t lose the place and make you homeless. On September 29, when the Standard & Poor’s 500 index fell 8.4 percent in a single session, all 500 company stocks plunged except for one: Campbell’s Soup.
We’ll all be eating canned soup, soon, and we’ll be lucky if it’s a fancy name brand soup like Campbell’s. Who would want to be president of this bankrupt national wreckage?
Okay, so maybe Layne is a little bleak about things at the moment and it could be argued is overly dire about what the future holds for America, but there’s certainly something that resonates in his article that taps into the current mood of foreboding misery.