unfortunately, the economy was broken on many levels far
beyond the banking system. Health care is a disaster and
has been for decades, we simply can't want for it to
fix itself, as for cap and trade, the world nations are pushing
for a clean enviornment, we have been an active proponent
of it for decades, we push others to do so, now that the cost
which they have long since seen, we see, now we will have
to absorb those same cost, now we don't want it, since
we have to pay for it, but we still expect other nations to
have it. simplicity is , we can't demand of other's
what we are not willing to do ourselves.
We as American people, allowed our industry to be sold away,
piece by piece, because we disrespected the vocation's
and the tech trades of training people and we discredited
the labor workers, in favor of the suit people, and tried
to run this country as a giant management firm of marketing
other people products, we became to despise labor, and
assumed we could be a nation of sales clerks, and business
that made nothing but put our name brand on components produced
and made by foreign entities, and then we are dismayed they
don't want to import it back into their country with
our name on it. We despised labor so much, that we could not
even answer phone and exported call centers to any place
we could. America suffer's from its own illusion of
elitism, it bought it's own press, and swallowed it
whole, and for 30 years we have been a nation declining,
and increasing its foreign borrowing, for the past 10 years,
we have lived off of Chinese backed credit, and Opec back
credit for fuel and we moved to sell all the value out of our
own land, for the sake of paper shufflers over-leveraging
and creating delusions of a moving economy, and it was exposed
to be unable to meet its ability to produce to the capacity
it needed to, because it sold its industry for a song and
a dance.
Our problems are not single dimensional, nor did they start
at the first of 2009, and what debt was assumed, was not disclosed
in the truth depth the damage it truly was comprised of.
and we expect in 6 months, to have what it took 8-10 years
to fully destroy. Again, we are unreal in what we expect,
and we are without reasonable awareness of the damage we
suffered as a result. We have corporate criminal organizations running our
medical community, and we choose to opt by the voice of some
to allow it to continue, we have a stock market that sold
fake paper, and insulted the currency of a nation, and we
think others would not call for a change. We have banks,
that looted the public with unreal rates, and conspired
to make false claims of their standing, when their executive
looted and paid themelves 10's upon 100's of million,
for the sake of failure in the grand scheme to rip and rob
the public and insult the nation, by the acts of financial
instruments.
In no small ways was this mess handed over to the current
administration, compounded by a senseless war, and wasted
billion upon 100's of billions tossed away to fight
a war that had no purpose and no goal, other than to try and
take the resources of a soverign country, and what it found,
was nothing but a fast drain and erosion of it's own
economy. We sat idle and watched for 25 years, when the American auto
industry simply gave up on producing quality and tried
to ride on a name brand, until people simply chose no longer
to get ripped off buy over inflated poorly made vehicles.
We are a nation of beer drinking glutton, but we can no longer
even manage the resources of a beer company to keep it functioning,
We even sold out our own ability to make the world known Hershey
bars, and M&M, and now Canada is producing it, and shipping
it to our lands. America and its delusion of "every
man a King", has simply shown that the kingdom fell,
from too many kings, and no statesmen. Children ran thru
univestities feeling entitled based on a piece of paper,
with no ethic, and no ability, beyond requesting a bonus
for failure and pay for simply showing up in a designer suit.
and when it crashed in on them after the massive lie by the
last Administration saying the economy was sound, while
it crumbled until the dust from it nearly blinded him, and
so a nation followed its delusion into the dust storm from
collapse, and when the dust cleared, the chief was on his
way out the door, claiming no fault. and left a desolated
country in his wake.
Arrogance beyond even its' extremes is what broke
down American, and now it has every component which comprise
the structure of a nation has to be modified, changed, re-ordered
in its premise and function, to be rebuilt.. and Americans,
again with their lack of patience, push the agenda of expecting
it to go away, as if it never happened.
and it just ain't so. .... It's real, and it will
take work, sacrifices and GREAT change to build it back
again, and it will not happen overnight.
It's not likely in the current climate that anyone
can fall below the level President Bush left us. America's issue is more that we had become so comfortable
borrowing for other nations and living off the money of
other nations underwriting our debt, we resented the thought
of having to borrow from ourselves, and in debt ourself
unto ourselves. and that reality makes people panic. But
if they could borrow from every other nation, no one would
say a world, and it would go on as business as usual. Now we
have had to borrow from ourselves, it now makes the reality
of the hole we dug, show it's true depth. Long as President Bush thought he had the money stream flowing
in from China, he pushed the delusion that the economy was
healthy, but he never addressed the mountain of credit
card debt that was backed by loans from China, nor did he
address the fact of the amount of Iou's that were issued
when the monthly deficit was running a consistent 20 Billion
negative per month.
The Budget was projected over 400 billion before Bush left
office, and that did not take in the over all debt to the nation,
People don't want to remember, but this nation was
bankrupt 3-4 times during the Bush Administration, and
he simply increased the debt load this nation was claiming
to be able to carry, it got so big, it broke the debt clock.
We end up with countless 100's of billions owed to China,
we Owe OPEC and there was simply no one to borrow from anymore,
other than the American Tax Payer. and that is when people
were faced with the reality of the "good time Charlie
living" - and people have been squawking every since.
This nation has probably 20 trillion of debt and repair
needs, and if we add in the cost to rebuild Iraq, and to build
and rebuild Afghanistan, and the unknown cost of medical
care to the wounded, both here and in Iraq, President Bush
left a mess, that has not even been discussed in the full
scope it truly entails. We resulted to have collapsed industries
of every type, and looted banks, and the equity sold out
of homes in the incessant trading of mortgage securities,
and then trying to use to to leverage the outrageous borrowing
this nations has been engaged in for the past 8 years.
to top it off, we don't have the industry to earn at the
pace we need, we don't make anything, so no one wants
to import stuff they made back into their country with our
name on it. Our massive outlay to the Middle East for oil,
because we are a nation who can't get off of stupid,
and kept building mega sized vehicles, that no one would
import, because they did not want it, nor could they afford
anything that sucked up gas by the gallon when they purchase
their's by the litre.. We simply let the opulence become
our own greatest delusion far past the time we could remotely
afford it.
America is facing what many other nation have once faced,
Britain had to Face it, Spain faced it, and many other once
great powerful nations, when time showed that they lived
beyond their means far too long. the new world order of Industry
is already established, China now supplies the world with
its goods. We can deny it all we want, but go in any store and
see what product are stamped with, Made In China, its not
fallacy .. its fact. Wal Mart is the biggest employer in
the country, and what is their commodity" Product
with Made in China" - and they dominate the sales all
across rural America. Our problem as a nation is we don't believe the truths
we see, and want to think we are the Post War II hero nation,
and that delusion died 50 years ago. We went to Japan and built it up, and gave away our electronic
equipment production and the dominated us in the 80's,
we rushed to China and built them up with every industry
imaginable, and now they dominated sine the mid to late
90's.. and are still on a delusion of grandeur.. economically
it is not a reality. We may have the best system of social
civil liberties, and a good justice system over the poor
people of the nation, but we have no justice system over
the wealthy, and the wealthy have a set of civil liberties
we can't even imagine to get. America's middle class was build to be comprised of
the working Americans, who held factor jobs, and mid level
management and equipment operations and vocational workers.
That.. left American when Outsourcing became the buzz
word of the late 1970's. We allowed educated ignorance
to over take the hands on hard work within a nation.
Reform.. is the process this nation is currently engaged,
and reform is followed by rebuilding, and that is now supported
by the future tax dollars of American people, and if people
don't get busy and make industry work, and pay back
those tax dollars, then it is American's own fault
if it can't repay its own debt to itself. This time it can't crash a market and wipe the debt away..
it has to finally get back to the business of working and
performing, rather than to think it can gain from the labors
of other nations and profit from the borrowing, which supports
the sales of imported product. It can no longer create sham financial power houses and
think they can shuffle paper and create the delusions of
wealth. No one is any longer buying stock that trade at 200 times
their ability to earn. the bubble burst, and now we have
to face the reality. CHANGE, AND THAT CHANGE IS COSTLY,
and only if the nation believes in itself and has the will
to work, will it meet that change.
# 181 "Lunch Time for the Cows"
9 years ago
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