This program should have put the fear of God into quiet a few of Mr Rose's viewers. The US has stood on the brink of the abyss of an economic meltdown 3 times in the past 8 years. The first being 911, the Bear Sterns buyout, and then the guaranteeing of Freddie and Fanny. This latest move of taking over Freddie and Fanny is an attempt to get ahead of the curve before the world wide financial house of cards starts to crumble before our very eyes. Be assured that NO ONE will escape unscathed from an economic meltdown. Everyone will be in a soup line from Bill Gates to the bum on the street. As it was stated to this author after 911, "It won't matter if you have a wheel barrel full of money, no money or a plastic card everyone will be in a soup line."
With a potential of a world wide financial collapse it doesn't look to good for an Obama Health Care plan. It is very likely that the world will give a vote of no confidence to a Obama Presidency. That will become very apparent the first time he proposes an increase in spending in the Federal budget for any of his majestic economic plans. The world will simply not be buying our debt. With that the USA will collapse economically. Then the world will slowly unravel a piece at a time till we have chaos in the world. Did anyone ever envision that the world could come crashing down around our ears with such rapidity? Did anyone ever envision that the great prosperity of the USA would ever end? Did anyone even envision another Great Depression? Such are the conventional thinkers that run the place.
Well the end of what we have known for the past 65 years is about to happen. Whether or not it ends with a bang or a whimper is yet to be determined. What exact form the brave new world will look like is an unknown. The USA will no longer be standing tall in the saddle economically or even militarily like John Wayne. The USA will more reassemble Don Knotts in the Ghost and Mr Chicken.
Tabs will reiterate it again, the USA standard of living in the future will resemble America of the early 1900's. That is if all goes well. Gone will be the conspicious consumption and materialism of America. Maybe America had better get used to the idea of not only not having one car but any car. Not having that large ranch style home in the burbs, an SUV in the driveway, and a big screen TV. That dream will be wistly remembered in the future with a bit of sadness. For no nation has squandered such wealth so quickly as the USA has. In a mere 65 years it has gone from being the wealthiest nation the world has ever seen to being on the verge of crashing to the depths and bringing everything else right along with it. Maybe that will be the legacy of the Baby Boom Generation on world history?