Feb 13, 2009
We’re about to fall off a cliff.

In fact, we probably already have and, like Wile E. Coyote, haven’t quite realized it yet. You can’t lose two and a half million jobs in five months. You can’t spend $850 billion stimulating a dead economy that groans under a $1 trillion annual deficit after a $750 billion bank bailout on top of an $11 trillion national debt. You can’t fight two losing wars simultaneously.

And when you try, you are in for a fall. For all the bad news we have absorbed of late, we are still just those few steps off the cliff edge, still suspended in the air. We await that moment when we look down and realize the earth is no longer under us. We will then look up and into the camera, a hapless grimace of quiet desperation will flit across our features, and down we’ll go, a little cloud of smoke in the place where we once stood.

And then what? Will there be riots in the street? Will a Mad Max sort of dystopia begin popping up here and there in the heartland? Will the “best lack all conviction, while the worst are full of a passionate intensity”?¹

Or will the shock be so sharp and so sudden that our better instincts will prevail, and we come together in that sort of involuntary embrace that brings the young innocents together at the howl of the werewolf, the creak of the hinge?

Whatever may be, as Margo Channing observed, “Fasten your seatbelts, it’s going to be a bumpy night.”²
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¹ The Second Coming, by William Butler Yeats, accessed February 10, 2009
² Memorable Quotes for All About Eve, accessed February 10, 2009
tags: History | Human Nature | Economics