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Wednesday, 19 September 2012

Jimmy's REAL legacy....................from Rico

You can say what you like about Jimmy Carter (I certainly do), but everyone seems to have completely "missed" his REAL legacy.
- The WIMPY nation.

Thanks to Jimmuh, America abandoned 'thrift & saving' in favor of 'spending & borrowing.'
- Living within their means or with the consequences of poor decisions was 'too hard' and the illusion of credit-fueled 'fake wealth' was 'too easy.'

Enter the Central Banks.
- CTRL+P solves everything today with a rapid depreciation of the currency...until tomorrow arrives.

Back to J. Wellington Wimpy, and his famous "I will gladly pay you Tuesday for a hamburger today."
- Like Wimpy, America is HOPEing Tuesday never comes.

As for Barry Whatever-his-true-name-is's REAL legacy, it is still being written but we already have a pretty clear idea of what it will be.
- Whatever it 'is' (h/t to Slick Willie here) it won't be good.




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