Two weeks ago, at my finaltailgate as a student, I found myself talking to a gentleman from New Zealand who was visiting some friends who met him while studying abroad. After requesting that he say some of Murray’s lines (“I said a central park in Newark”), we asked him to do his best to affect an American accent. He asked what we wanted him to say, and we told him to decide.
After a second to think, he said, in a pretty good generic American accent, “You motherfucker, I’m going to go get my gun and kill you.”
“There’s an overwhelming need for an economic growth agenda beyond merely keeping the Bush tax cuts. But no one seems to have one—not the White House, not the traditional Republican leadership, not the insurgent Tea Party. We all know the macro data on income growth, jobs, and trade are terrible. But there is no macro plan for jobs, energy policy, or the infrastructure investment needed to transform our economy. Consumers are still overextended, the housing market is still a disaster, interest rates are as low as they can get, and demand is nowhere near sufficient to trigger investment. So where are the jobs going to come from—especially those that will pay enough for a middle-class standard of living?”—
I maintain that America is full of too many people who expect too high a standard of living, with no actual industry left for support. There is no middle class. American manufacturing has either been off-shored or automated. These jobs are gone. They are not coming back. When “Made in America” costs three times as much as “Made in Mexico”, there’s no reason for the average company to create jobs here. Our economy is going to remain stagnant for a long time, regardless of which political party is in power.