I see people getting so caught up in celebrating diversity that they are neglecting their commonality. I don't see this as a good thing. The Chinese culture has survived for more than five thousand years in part because the Chinese have embraced the same language and culture. I hope I am wrong about this, and that the flame is still on beneath the great American melting pot. Americans need each other, and a house divided, no matter the color of its occupants, is still divided. And divided we all fall.
Michele Bachmann
A normal way that the American free market system has worked is that we have a process of unwinding. It's called bankruptcy. It doesn't mean, necessarily, that the industry is eclipsed or that it's gone. Often times, the phoenix rises out of the ashes.
