William Rivers Pitt writes in a thoughtful piece on the Mooninite terror “hoax” in Boston (where he lives)that the Bush administration’s cynical manipulation of terror threats for political purposes while fomenting a war that will, inevitably, create more terrorists has left our younger generation in a bind: they know that a terror attack is likely and yet have reflexively grown to view terror warnings as a sucker’s game and one that you can’t fall for or take seriously. It’s also left a lot of our not so younger generation sitting with the idea in the back of our minds that the next terror attack is going to be the end of habeas corpus, posse comitatus, and constitutional rule in this country. That’s what he feared he may be seeing the beginning of when the media spent hours describing, but not showing pictures of “explosive devices” on highway overpasses and hospitals in Boston.

Nativism and anti-immigration sentiment is leading to a resurgence of the KKK, including many parts of the country outside of the South.

Don’t believe the hype that says we’ve hit a soft-landing in the real estate market. D.R. Horton is one of the nation’s largest homebuilders. In the 4th quarter of 2006, their cancellation rate was 40%. There’s currently $300 billion dollars worth of adjustable rate mortgages that are set to see their payments go up this year alone. Many of those payments could double. Housing prices in California, Nevada, Florida, and Arizona could easily fall by another 10% or more over the next couple of years.

This entry was posted on Thursday, February 8th, 2007 at 10:03 pm and is filed under Media, blog, economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.