Bleakness, Stubbornness and the Usual
It’s best to begin this post by noting that 81 percent of the United States believe this country is headed toward a bleak future. Only a third of people believe that the next generation will be better off than the current generation. Fewer than half of parents — 46 percent — expect their children to enjoy a better standard of living than they themselves do. The other day, Fed Chairman Ben Bernanke, whose job requires a basic sixth grade knowledge of stubbornness, finally acknowledged the possibility of a recession.
And it looks like some …