James Howard Kunstler: State of Suspension

01-24-2011 • Kunstler.com

The bloodbath in Tucson completely obscured a momentous development in Mr. Obama's executive sphere, when he brought on JP Morgan factotum William Daley as White House Chief of Staff, for Gawdsake, and nobody in the news media so much as coughed into his (or her) sleeve. He also hired recent Goldman Sachs errand boy Gene Sperling to direct the National Economic Council. At Goldman, Sperling was charged with running self-esteem workshops for Third Worlders - an obvious public relations ploy. You wonder now whether he'll be carting American "99-ers" off to the Aspen Institute for weekends of buffet line cruising and "ideating" - to use a popular new vapidity from the lexicon of Big Business. Last Thursday, Mr. Obama actually flew up to my home territory to visit the headquarters of General Electric and sign on its CEO, Jeffrey Immelt, as yet another White House special economic advisor. Notice, by the way, that GE was the recipient of untold billions of TARP pixie dust. I wonder if the president got a good look at GE's home base, Schenectady, New York, a once-vibrant industrial dynamo now so sclerotic that it makes the former soviet Magnetogorsks and Traktorgrads sound like El Dorados.

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James Howard Kunstler: State of Suspension

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