Wednesday, November 25th, 2009

Forget Wall Street, Let’s Have A Barbecue!

Posted on: Apr 15th, 2008 | By Tom Bulford | Filed under Politics & Economics

Ten of the parking spaces at my golf club are reserved for the disabled. These are the best spaces, shaded from the sun by a high hedge. Given that you don’t see too many wheelchairs trundling down the first fairway this seemed to me like a generous allocation – until I was told that the most common cause of disability in this country is deafness.

That being the case I wonder whether it is safe for deaf people to drive and if it is, then why do they need privileged parking rights?

Meanwhile in Disney World, Orlando, where I was last week the disabled are routinely whisked to the front of the many long queues. And are these people deaf, or crippled or mentally infirm? No! With the odd exception, they are just grossly and repulsively overweight. Obesity seems to have become an official disability. And yet what I wanted to say, and rather forcefully, to these queue jumpers was ‘There is nothing wrong with you that cannot be cured by exercise. So get your large bottom off that buggy and start to put one foot in front of the other just like the rest of us.’

A visit to Florida made me think that, just like these lard-balls, the USA could do with something to shock it out of its complacency. At a live music show at the Epcot amusement park a short-legged man, his belly drooping over his tight belt, sang of his pride at being ‘an Americin’. The USA, he told his audience, by now waving their arms aloft, is the greatest country on earth. ‘Look around you,’ he implored. ‘You see Brits, you see Japanese, you see Chinese, you see Norwegians – and they have all come here, to the US of A.’ And with this proof of his country’s preeminence, his voice soared to a climax.

I wanted to shout out, to ask him to explain why there are so many Americans here in Britain, and whether this affected his theories of national supremacy. But I don’t suppose it would have made any difference. The USA is the greatest country on earth because everyone there believes that it is, and I guess that is a winning argument.

And yet perhaps a shock is coming. Real estate is ‘in a bust.’ Food prices in the USA are soaring just as they are everywhere else. The price of gasoline, though still less than half the price we pay, has hit an unheard of $4 per gallon. But at least most of us have the option of walking to the shops. In the USA you cannot do anything – fetch a pint of milk, take your child to school or visit the doctor – without a round trip of a few miles.

The green dream

Full of good intentions, the USA is trying to go green. Corporations compete to prove their environmental credentials. And yet huge cars cruise the highways, air conditioners run at full blast in empty homes and no meal is completed without leaving a mound of cardboard wrapping, plastic cutlery and surplus food.

It is hard to conceive how any society could be set up to be more destructive of the environment. If the USA is serious about climate change it will need a revolution in town-planning, and in lifestyles. There is no sign of this happening. Everybody – at least everybody in Florida – is too comfortable to wish for this. So life goes on a usual. The neon lights shine, the Winnebagos guzzle gas, the country and western siren laments her cheatin’ man. The scrambled eggs are powdered, the buffets are ‘All U Can Eat.’ Television, so dependent upon commercials and ten second sound-bites, is unwatchable. The newspapers are provincial and tame.

In the background, soldiers die in Iraq, innocent citizens are routinely murdered by gunmen, and weird sects of wife-beating paedophiliacs go about their business. The interminable election campaign rumbles on. Without any meaningful track record to speak of the debates is all about the supposed character of the participants. Who can sustain the right façade all the way to November?

Does anybody care? Life is sweet. The government will throw enough money at the banks to keep them afloat. The stock market will inevitably reflect the USA’s might. What is there to worry about? Just one thing it seems. Andrew Stoddard, resident of Kansas City, has something on his mind. ‘There isn’t a day that goes by in my life without me thinking about it,’ he agonises. ‘And I think a lot of us are the same way. Once you start down the road, I don’t know of anyone who does not get obsessed with it.’

And what is this thing that is keeping Stoddart awake at night? Is it sliding share prices, the value of his home, the troubles of the Middle East or the hole in the ozone layer? No.

It is America’s latest sport. Yes, it is barbecuing.
Regards,
Tom Bulford
Tom Bulford
for The Penny Sleuth

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Tom BulfordEditor of Red Hot Penny Shares, Tom Bulford worked as a fund manager in London and Hong Kong for more than 20 years. Responsible for £2bn of foreign clients' money, he also launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom keeps subscribers up to date with his free small cap market news e-letter, The Penny Sleuth.

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The Bulford Files is an elite investment advisory service that finds the safest, cheapest shares in the UK market -- 'hidden value' investment situations. Editor Tom Bulford researches companies that show robust management, sound balance sheets and exemplary prospects that are completely ignored by the wider market.

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