All entries by James Howard Kunstler
Ruinous Debt to Create Futureless Suburbia
Sep 25th, 2009 | By James Howard Kunstler | Category: Politics & EconomicsIn our history, the American nation committed obvious sins against select groups of people, and we’ve paid bitterly for some of that. But now it’s our sins against the land itself that threaten to sink the USA as a viable enterprise.
Cars, Wishes and the Apocalypse
Sep 9th, 2009 | By James Howard Kunstler | Category: Politics & EconomicsIn my larval, pre-blogging days, I always faced the back-to-school moment with abject dread. It meant returning to a program of the most severe, mind-numbing regimentation in the ghastly New York City public schools after a summer of idyllic unreality in the New Hampshire woods, where I went to a Lord of the Flies type of summer camp. And so here I am, many decades later, still uneasy as the final page of the August calendar flies away in a hot Santa Ana wind, and a great hellfire closes in on the far eastern reaches of Los Angeles, and the American money system falls into a peculiar limbo, and every fifth person is out of work, or going bankrupt, or glugging…
Wobble Time
Jul 29th, 2009 | By James Howard Kunstler | Category: Financial News, Politics & EconomicsThe cat let out of the bag last week — a frazzled, flaming, rabid, death-dealing cat — was the news that Goldman Sachs announced impressive second-quarter profits, and set aside $18 billion or so for employee bonuses averaging $600,000 per head (though, of course, not evenly distributed among them).
Revolving Debt Cheap Energy Economy on Its Knees
Jun 8th, 2009 | By James Howard Kunstler | Category: Politics & EconomicsThrough the tangle of green shoots and sprouting mustard seeds, a certain nervous view persists that the arc of events is taking us to places unimaginable. The collapse of General Motors and Chrysler signifies more than the collapse of US car manufacturing. It spells the end of the motoring era in America per se and the puerile fantasy of personal liberation that allowed it to become such a curse to us.
The Bottom for Credit Thanks to Peak Oil
May 8th, 2009 | By James Howard Kunstler | Category: Oil Investment & Alternative EnergyEuphoria managed to out-run swine flu last week as the epidemic-du-jour, with “consumer” confidence jumping and the big bank stocks nudging up. The H1N1 virus fizzled for now, at least in terms of kill ratio, though we’re warned it might boomerang in the fall with a vengeance. No one was surprised to see Chrysler roll over like a possum on a county highway, but the memory of their muscle cars will linger on like a California surfing song. Here in the northeast, where Sundays are not spent at the NASCAR oval, the spring foliage reached the tenderly explosive stage and it was hard to feel bad about anything.
Hope Equals Truth About Our National Bankruptcy
Apr 29th, 2009 | By James Howard Kunstler | Category: Politics & EconomicsPeople of good intentions and progressive predilection are scratching their heads wondering just how President Barack Obama managed to turn himself into George W. Bush Lite with sugar-on-top just twelve weeks after that fateful walk down the US Capitol’s east stairway to the waiting helicopter. I’m hardly the first observer to note that Mr. Obama’s actions in the face of an epochal finance fiasco and economic collapse are a mere extension of the pre-January-20 policies, carried out by much the same cast of characters.
The Coming Siege of Austerity
Apr 17th, 2009 | By James Howard Kunstler | Category: Politics & EconomicsIt’s a curious symptom of the consensus trance zombifying the American public and its auditors in the media that something like a “recovery” is now deemed to be underway. And, as events compel me to repeat in this space, it begs the question: recovery to what?
The Consumer Economy Isn’t Coming Back
Mar 11th, 2009 | By James Howard Kunstler | Category: Politics & EconomicsAt the risk of confirming my critics’ dumbest charge — that I am a “doomer” — the mandate of clarity requires me to ask: to what state of affairs do we expect to recover?
Debt Drought Kills Consumerism
Feb 13th, 2009 | By James Howard Kunstler | Category: Politics & EconomicsVenturing out each day into this land of strip malls, freeways, office parks, and McHousing pods, one can’t help but be impressed at how America looks the same as it did a few years ago, while seemingly overnight we have become another country.