There is much further to fall, and I think it's likely the Obama plan will aggravate the failure of the system and push it over the next edge. It will certainly not relieve it of strain and allow it to heal.
The Obama plan is designed by the same theory that caused the collapse, and intended to pump up the process of harvesting multiplying returns from our diminishing, dangerously unstable, and increasingly unresponsive set of physical resources. If we pull out all stops to continue on that path as intended it will probably push the system to a significantly greater failure that may be relatively permanent. The only thing that will work is for the people who have financial claims to be paid more than the physical system was able to produce to rescind those claims, i.e. come to a realization that having taken too much money out of the system enough debts need to be forgiven or enough money put back as needed to relieve the system of unachievable obligations to them. Phil Henshaw NY NY www.synapse9.com ============================================================ FRIAM Applied Complexity Group listserv Meets Fridays 9a-11:30 at cafe at St. John's College lectures, archives, unsubscribe, maps at http://www.friam.org
