How to react to the stock market beat down

everything points to your "new austerity". while much has been written about the history of the amerucan psyche that allowed us to get into this mess, more is necessary to be written about what is perpetuating it.

the "i, me, mine" generations of overpaid, corporate executives (promoted by desperate reporting-quarter-at-a-time boards and greedy executive recruiters), overpaid entertainment stars (enabled by the box-office, the internet and bigger-than-life TV screens that reach millions of pitiful viewers), sports stars and owners (an artificial scarcity of teams and games created by sports commissioners and paid for by sports-crazed fans and advertisers), and a third-worldization immigration policy (via family-unification) of america's most vibrant states: new york, florida and california.

americans must come to realize that unless their half-century long habits undergo radical change, from consuming 70 percent of the gdp to 50 percent, then 40 percent, the rest of the world will not disengage from feeding and feeding off the ugly american.

Regarding Mackey's comment,"It's this principle that the purpose of business is not primarily to maximize the shareholder value."
I believe there are some who would argue the decline of the American auto industry started when maximizing shareholder value was put above designe and quality.

Tony