Subject: Economy, response desired
Dear Mr. President,
I can do no better today than to exactly quote James Howard Kunstler, a visionary who does not shy from blunt truths. God knows we need the truth right now!
"You are presiding over an epochal contraction, not a pause in the growth epic. Your assignment is to manage that contraction in a way that does not lead to world war, civil disorder or both. Among other things, contraction means that all the activities of everyday life need to be downscaled including standards of living, ranges of commerce, and levels of governance. "Consumerism" is dead. Revolving credit is dead -- at least at the scale that became normal the last thirty years. The wealth of several future generations has already been spent and there is no equity left there to re-finance."