Tuesday, October 07, 2008

[Cyclelicious] New comment on Party like it's 1999.

Christopher Ray Miller has left a new comment on your post "Party like it's 1999":

The tragedy is that we have known this was coming for years. James Kunstler has long been the loudest voice warning about the coming difficulties -- and his warnings are based on facts and logical deductions available to many others --, yet he has long been dismissed as some fringe kook. His rhetorical style might be off-putting to those he targets, but the facts he has pointed out, and the logical conclusions, have been unassailable. Five -- if not ten -- years after I first remember him predicting the collapse of the oil- and "creative loan"-based suburban bubble and the resulting implications for the US and world economy, the chickens have come home to roost.

This should have been a surprise to no-one. It's a failure of moral fibre that allowed this to happen. Kunstler, again, said so, and we now see he was absolutely right.

Posted by Christopher Ray Miller to Cyclelicious at 10/07/2008 08:25:00 AM