We've heard for years how our economy is consumer driven, and the combination of depressed wages and high unemployment has and will prove to be it's undoing. Depressed wages are the result of the widening wealth gap, and unemployment is a result of burdensome taxes and regulation on small businesses. Public spending is funneled to the oligarchy while the rest of the economy is left to suffer.
If I'm not mistaken, "let them eat cake" was uttered prior to the French Revolution. The American Revolution was fought to gain Independence, not to become subordinate to the rich and privileged, no matter their preference. While we are in a global financial crisis, the mechanisms exist through election to turn back this tide of abhorrent greed. What remains to be seen is whether this occurs soon enough to avoid the inevitable civil unrest.
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