W held a press conference yesterday in which, no surprise, he blamed everyone but himself for our shitty economy.
I heard a bit of the questioning, and it was painful. Petulant, ignorant, childish. I could go on. But the fact that he thinks--or at least says--that things will improve with the arrival of the stimulus checks is appalling. Particularly in light of this: Americans unload prized belongings to make ends meet. The AP reports: Struggling with mounting debt and rising prices, faced with the toughest economic times since the early 1990s, Americans are selling prized possessions online and at flea markets at alarming rates.
To meet higher gas, food and prescription drug bills, they are selling off grandmother's dishes and their own belongings. Some of the household purging has been extremely painful — families forced to part with heirlooms.
"This is not about downsizing. It's about needing gas money," said Nancy Baughman, founder of eBizAuctions, an online auction service she runs out of her garage in Raleigh, N.C. One former affluent customer is now unemployed and had to unload Hermes leather jackets and Versace jeans and silk shirts.
I am not going to wipe away a tear for someone who loaded up on Hermes leather jackes and Versace jeans when he or she could have socked away a few bucks, but I am distressed at the thought that some families are finding that the only way they can make it to the end of a week is by selling grandma's heirlooms and personal belongings. What happens when they have nothing left to sell and their "stimiulus" payments are spent? W may have tap danced around the word recession yesterday at his presser, but it is clear that we are facing a very difficult time ahead. Q: Will the U.S. pull the rabbit out of the hat, or is this the beginning of the last throes of the American empire? I just don't know.