Boomergeddon Blog Launched

At long last, the Boomergeddon blog has gone live at its permanent URL address, I would have preferred to have nailed down the .com address, but some slimeball snaked it before I could register it, and I refuse to pay money to buy the name. Fortunately, the “.us” domain works in this case — kind of like Boomergeddon USA!

Now, time for a quick little Q&A.

You: Gee, what is “Boomergeddon” anyway?

JAB: To quote from the blog: “Boomergeddon is the day investors stop buying U.S. Treasuries — the day the U.S. government goes into default, the global economy is thrown into turmoil, the American empire begins to crumble, and the social safety net starts to unravel.”

You: You’ve already written a book, scheduled for publication in August. What’s the point of the blog? Do you have anything new to say?

JAB: The blog is where I can update developments described in the book and brag about my prescience. For example: When I was writing back in February and March, the general consensus was that the U.S. was entering a solid economic recovery. I stuck to my guns and said it would be a weak recovery. Increasingly, the facts are supporting my position. When people read the book this fall, they won’t appreciate how brilliant I was. The blog will allow me to thump my chest.

You: What’ll you do when you get stuff wrong?

JAB: I’ll fess up. But the blog posts will be a lot shorter.

You: Your thesis sounds so dreary. Why would anybody want to read how the world is going all to hell and there’s nothing we can do to stop it?

JAB: Because I’ll my best to make it entertaining and funny. I’ll edge my commentary with mordant wit and black humor. Reading Boomergeddon will be like standing on the edge of the Grand Canyon and staring into the abyss and thinking, “I really need to take a step back,” but something in your brain says, “I wonder what it would be like if I jumped….”

You: Will you make public appearances? I’d really like to buy an autographed copy of your book. I think I could sell it on E-Bay for a lot of money.

JAB: Yes, I will make public appearances. I’ll keep B.R. readers posted about Virginia events. I hope to see you.

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13 responses to “Boomergeddon Blog Launched”

  1. Anonymous Avatar

    Darn, I bet big on that domain name.


  2. "Nonfinancial companies are sitting on $1.8 trillion in cash, roughly one-quarter more than at the beginning of the recession."



    Nice recession, lets have another one.

    Now, if you were the government, and you were looking for money to pay unemployment claims, where would you look? American firms have a nominally high tax rate already, but there are so many subsidies, reaks, and loopholes that the actual tax paid is quite low. business does not like uncertainty, so maybe it is time to close some loopholes and give business the certainty that it wants.

    Maybe EMR is right about excess profits.


  3. Anonymous Avatar

    Big business is conspiring to get Obama out of ofice. They have agreed to sit on that cash until Republicans are elected, and then they'll spend it all to make the Republicans look good.

  4. Larry G Avatar

    Well congrats on the new BLOG… does than mean you're gonna bail on this one?

  5. James A. Bacon Avatar
    James A. Bacon

    I'll never bail on Bacon's Rebellion. But it will play second fiddle while I focus on Boomergeddon. That's why I recruited Groveton.

  6. Anonymous Avatar

    Excess profits taxes are hard to determine and administer but definitely worth the effort.

    Here is another idea that goes along with some of TMT and Larry’s ideas: Graduated Enterprise profit tax. The bigger the firm and the bigger the profit the higher the percentage of tax / fee.

    The vast majority of jobs and the vast majority of potential new jobs are in small firms. Give more citizens the chance to own a firm, be a responsible entrepreneur and a contributor to real competition and a real market. Give entrepreneurs an incentive to spin off rather than agglomerate and hoard.

    Small IS beautiful.

    On the subject of the post: Did Mr. Bacon not say he had five big ideas as to how citizens avoid the abyss? Should those not also be part of the Blog mission?


  7. Larry G Avatar

    Some might find this relevant:

    Seniors Outnumber Teenagers in Job Force

    Thanks in part to the Great Recession, for the first time on record there are more seniors than teenagers in the American labor force.

  8. Anonymous Avatar

    No more help for jobless, but rich must keep tax cuts.

  9. Anonymous Avatar

    Exxon already pays more in taxes than it makes in profit. How much is enough?


  10. Gooze Views Avatar
    Gooze Views

    Just Groveton? You mean EMR and I don't count?

    Peter Galuszka

  11. James A. Bacon Avatar
    James A. Bacon

    Peter, You and EMR have been around so long that I lose track of how either one of you started writing for the blog. How DID you start writing for the blog?

  12. Gooze Views Avatar
    Gooze Views

    "How DID you start writing for the blog?"

    I have no idea.


    PS: Actually Nancy Pelosi asked me to infilitrate it.

  13. Larry G Avatar

    " If the Magic 8-ball, known as the GOP, fronts that gun-totin', word-mangling, half-wit, half-term, 3rd runner up beauty-pageant contestant, a/k/a "Big Mama Grizzly" as their grand idea of Presidential Material and potential leader of the Free World, then we KNOW that Armageddon has arrived."

    people on CNN responding the the recent polls that show a 75% approval rate for Palin from Republicans.

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