Latest economic numbers are in

Kinda sad…if you’re one of those people into thriving economies of liberty and democracy.

I maintain that all of this talk about “when things get better” and “when the economy improves” are missing a key component: how?

I believe our economy is:

* Too dependent on government spending (Thanks Dems!)
* Way too biased toward established mega-business (Thanks Reps!)
* Gutting it’s manufacturing base (which results in over-dependence on consumption and debt)
* Way too engineered by elected officials. (Thanks everyone!)

All of these characteristics work toward one result–”bye bye growth”.

Now granted, growth has it’s own set of problems. But our economic model currently depends on it, and before you change that you better understand the implications. But it’s kinda hard to get that picture when several generations have only had half the pieces to the puzzle.

It looks like the Rep’s are going to make significant gains in Congress, partially due to this mess and partially due to the President’s Quixotic health care efforts.

This will not improve anything. It will just result in more anti-growth policies of a different tact. Meanwhile, the sea keeps receding towards the debt tsunami just over the horizon.