Author: Zaroc StoneZaroc Stone Date: Sep 16, 2008 08:02
A Crash Course in Economic Crashes
By Larry Beinhart, AlterNet. Posted September 16, 2008.
Each week, sometimes daily now, we slide by a new economic warning
sign, by another wreck that's already off the road.
The first time I was in a car crash, I was 6 or 7 years old.
That's a long time ago. But there are certain things about it that I
remember quite vividly.
My father was driving. The road was icy. We began to slide. This was
in the days before seat belts, and cars had bench seats, upholstered
but not shaped for each individual bottom. My father shot out his
right arm and pressed me against the seat back to keep me from flying
forward if, indeed, we were going to end up hitting something.
What was most extraordinary was how long it seemed to take. How time
slowed while we slid forward and sideways, heading onto the shoulder,
then past it. It seemed as if we had all the time in the world, yet
there was nothing we could do to get off the ice, alter the
trajectory, slow down ... nothing ... until we crashed.
As I read the economics news, I'm having that exact same sensation
that we're in a slow-motion crash.
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