Snipped from VanityFair.com.

I know we all know what King George has done to America (especially the economy), but just in case you needed it put in to intelligible words to fire back at some idiot that thinks he is anything more than a jackass, her is a very good article written in Vanity Fair that pretty much covers it all. A Nobel laureate, Joseph E. Stiglitz, puts into words what most of us just grunt out in a nauseating, “I am sick of even having to argue this” fashion. Unfortunately, we can’t give up, and we need to be stay abreast on what is going on, no matter how painful it is.

Please read this article as it will give you some solid background and knowledge in what we will have to deal with tomorrow and the next decade ahead. Here is a small portion of the article:

I can hear an irritated counterthrust already. The president has not driven the United States into a recession during his almost seven years in office. Unemployment stands at a respectable 4.6 percent. Well, fine. But the other side of the ledger groans with distress: a tax code that has become hideously biased in favor of the rich; a national debt that will probably have grown 70 percent by the time this president leaves Washington; a swelling cascade of mortgage defaults; a record near-$850 billion trade deficit; oil prices that are higher than they have ever been; and a dollar so weak that for an American to buy a cup of coffee in London or Paris—or even the Yukon—becomes a venture in high finance.

And it gets worse. After almost seven years of this president, the United States is less prepared than ever to face the future. We have not been educating enough engineers and scientists, people with the skills we will need to compete with China and India. We have not been investing in the kinds of basic research that made us the technological powerhouse of the late 20th century. And although the president now understands—or so he says—that we must begin to wean ourselves from oil and coal, we have on his watch become more deeply dependent on both.