Sitting in the Planet Hollywood buffet in Las Vegas getting my brunch and reading the paper (I think I am the only one reading), I read about Obama’s 500 billion stimulus plan now under development – and a bad vibe struck me. Has the nation really been affected by the recession? Sure some have, but are people changing habits as they probably did in 1929,30,31?
If not, is it possible that we have an even worse storm brewing? That the nation is digging itself into further debt with skyrocketing deficits but not doing anything to change our financial or business habits. In the long run, then, the problem is only delayed or prolonged, but made much much worse. We learned nothing, but just went deeper to avoid learning.
Something about that notion seems simple and true and, consequently, very troubling. Am I the only one thinking along this line?
