FaceBook $$$$$$$$$$$$$$$$, What's It Really Worth?

CARTOON BY STEVE BREEN

WE ARE MAKING GREAT THINGS HERE IN THE UNITED STATES.  FACEBOOK IS THE LATEST EXAMPLE.  "CAN WE FRIEND YOU?"  SUDDENLY AND WITH MUCH WARNING FACEBOOK HAS BURST ONTO THE ECONOMIC SENSE WITH IT'S I.P.O. (INITIAL PUBLIC OFFERING) ON THE STOCK MARKET.  NOW WE HAVE THOUSANDS MORE BILLIONAIRES AND MILLIONAIRES IN AMERICA MOST IN CALIFORNIA WHERE THE POLITICIANS IN SACRAMENTO ARE LICKING THEIR CHOPS FOR THE ANTICIPATED TAX REVENUES COMING INTO THE ONCE GOLDEN STATE.  BUT WAIT, WHAT DOES FACEBOOK PRODUCE?  WHAT DOES IT MAKE?  WHAT WILL IT LEAVE US WITH IN 10-20 YEARS?  WHAT IS THERE HYPED PRODUCT?  FACEBOOK IS NOTHING MORE THAN AN ADVERTISING GIANT THAT WILL BE REPLACED IN A FEW YEARS BY ANOTHER.  BOTH PRODUCE NOTHING AND CONTRIBUTE NOTHING TO THE REAL WEALTH OF THE NATION.  NO FOOD!  NO CLOTHING! NO SHELTER!  JUST ANOTHER TECH BUBBLE THAT WILL BURST LEAVING MILLIONS OF INVESTORS WONDERING WHAT HAPPENED.  THOSE NEW MILLIONAIRES AND BILLIONAIRES WILL SPEND MILLIONS BUYING NEW HOMES, CARS, CLOTHES, AND THOUSANDS OF OTHERS THINGS AND THAT WILL HELP THE ECONOMY, BUT IN THE END THIS BUBBLE WILL BURST LEAVING TENS OF THOUSANDS TO PAY THE PIPER AND COSTING THOUSANDS THEIR JOBS.  JOBS THAT WERE BASED ON A FLEETING CLOUD OF PROSPERITY.  THIS IS WHERE THE COUNTRY IS TODAY, GRASPING AT STRAWS AND PRODUCING NO REAL WEALTH!

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