Poverty is on the rise in America, and buying passivity with cheap bribes has limits when applied to a fraying middle class.
If jobs are not coming back, then we as a nation need a conversation about poverty in America. The Status Quo assumption is that this is just another garden-variety recession, and that employment will bounce back, along with the "animal spirits" that drive borrowing and spending.
As of August 2011, it will be three years since the global financial meltdown. In three years, the Savior State has borrowed and blown $6 trillion maintaining the Status Quo, and the Federal Reserve has printed almost $3 trillion and shoveled that vast sum into "risk assets" to keep housing on life support and the stock market rising. The Fed has also devalued and debased the dollar, stealing wealth from the citizenry and holders of U.S.-denominated debt in the process, to serve two goals: 1) spark inflation and thus avoid deflationary deleveraging of the nation's fast-growing mountain of debt, and 2) to enable servicing that debt with cheaper dollars.
None of these grandiose manipulations has healed the economy or fixed the structural problems which made the meltdown inevitable. The irony here (among many) is that so many people believe the Power Elites controlling the nation have some sort of god-like ability to maintain their grip on the levers of power.
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3 comments:
Oh my goodness , it is comming and God help those who haven't prepared. I firmly believe that it is a culture thing with Obama. He has killed this nation in 2 1/2years. He has no true understanding of anything. Just plain stupid!!!
Socialism. Goal, to help disavantaged people. Reality, causes permanant harm to disadvantaged people.
I have no love for Obama and his policies and I believe he and his supporters, both in and out of government, have caused harm to our economy and our country that it will take YEARS to undo. However, we have to acknowledge that, until we sent some true conservative patriots to the House last November, there were few true advocates for responsible government in our government. The question is, "Was it too late?" A third party is probably needed, but we all know that there's little chance of that coming about because of the (very real) fear that a third party will simply "split the vote" (like Perot did) and cost us all dearly. I hope and pray that SOMEONE will wake up, stand firm and stop the madness that our "representatives" engage in on a daily basis to enrich themselves, curry favor and hope to ensure their re-election.
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