Movie Premier: I.O.U.S.A. - August 21 debut - 400 Theatres

August 20th, 2008 · 2 Comments




A friend told me about this.

Here is an unusual opportunity to hear people like Warren Buffet, CEO of Berkshire Hathaway, and David Walker, newly retired U.S. Comptroller General (and expert on the government’s unfunded liabilities), speak on some of the major  long-tem issues they see impacting the U.S. economy. 

The presentation will be in a few local theatres.  You can click on this link to find a theatre near your home, and find out more about the live discussion and movie.

Below is a review of the movie from someone who saw an early version of I.O.U.S.A -

” I heartily recommend you attend the nationwide debut on Aug 21. While I’m sure the story is not news to you, the documentary is a compelling depiction of the sad state of affairs in our land, the bankruptcy of US political & corporate financial sector leadership, and the cluelessness of the man-on-the-street…I hope it opens the right eyes and lights a fire somewhere. However, my problem is that I’m a cynic. There will be much pain in this country because of the topic depicted masterfully in this film, whether it lights a fire in Washington or not. I’ve concluded the probable course of action in Washington will be to direct the Fed to “Inflate or die”, the “easy road”. Unfortunately this will only delay and magnify the general pain above what might be felt if we just admitted the problem like real Americans and tried to tackle it head on, like the Canadians have done for the last 16-17 years. However, it just won’t happen, despite the heroic efforts of Messrs Peterson, Bonner, Walker, Wiggins, et al.  The realistic best case outcome is enlightening many more citizens as to the real situation, so they can take action to protect themselves as best they can. Knowing what’s coming and its inevitability will at least help some people to avoid or minimize the denial and anger stages of the horrendous grief that lies ahead.”

For those of you that attend, please share your thoughts.

posted by Bill Coppedge

Tags: Mortgage Market

2 responses so far ↓

  • 1 admin // Aug 21, 2008 at 7:30 am

    , too, am a cynic, about everything except the resiliency of the U.S. economy.

    In the 1980’s, everyone wrote about the “hockey-stick” pattern of federal debt that ruin us.

    Then in 1998, Bill Clinton said the following in his State of the Union address: For three decades six presidents have come before you to warn of the damage that deficits pose to our nation. Tonight I come before you to announce that the Federal deficit - once so incomprehensibly large that it had eleven zeros - will be, simply, zero. - Joe Garrett

  • 2 Rolfe Winker // Aug 22, 2008 at 4:28 am

    Rolfe Winkler has a review of the movie

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