I hear you, Mr. Reed, but at the same time, I think I have a different perspective, since I'm at the epicenter (or at least one of the epicenters) for the early 4T. I'm a native Detroiter who still lives in SE Michigan. While people are paying lip service to fear and change, their habits are changing only insofar as much they can no longer afford certain indulgences. I have a wide social circle, and no one is in 1930s mode, even here at the scene of the crime (the murder of industrial America). One spouse loses their job; the other keeps working. Both spouses lose their job; they leave the state. Apparently there are still places with jobs, and many, many thousands of Michiganders are still flocking to those places.
When the rest of America reminds me of Detroit and SE Michigan in the slightest, maybe I'll agree. But to my weary eyes, everywhere I've traveled this spring seems to hum with prosperity in comparison to the Rust Belt, from Iowa City to San Diego. I ask people everywhere how the "economic downturn" is affecting them. The answer is always: it's affecting us, but we're still here.
Even in the midst of our worst Crisis in more than 100 years, Detroit is wasting precious dollars tearing down our landmarks:
http://www.freep.com/article/2009060...+Tiger+Stadium
I still think "suspended in air" is an applicable metaphor here. I was going to say "house of cards". People might know in their hearts that we be 4T, but our actions tell a different tale. The economy is like a chicken with its head gone... still flapping about and giving signs of life, although it's all over. What happens when the synapses stop firing, and we wake up one morning, and it's given up the ghost at long last?
About Obama as the Regeneracy leader: I have divided my thoughts about the present administration in two. I like what the Obamas have done for the culture and morale of the country. However, I'm still waiting to be blown away by his governance, and I am concerned that this local, national, and global tinderbox might be beyond our country's ability to cope. (Yes, I realize it's early days yet.)