Jim Kunstler, author of The Long Emergency, has a pungent posting entitled "Clusterfuck Nation," available by clicking the title of this entry. Bottom line: he argues that as a nation, and perhaps as a global economy, we are in a period of contraction. Kunstler fingers oil dependency, which he calls the vision of "Happy Motoring," as one of the big things we have to eliminate. Our easy credit economy is gone, and will not return, he believes.
But I liked his ending: "My hope for the year, at least for my own society, is that we will transition away from being a nation of complacent, distracted, over-fed clowns, to become a purposeful and responsible people willing to put their shoulders to the wheel to get some things done."