LC’s Commentary

Listen To The Voice of Reason

Land of Plenty?

Signs of things to come

Is there hope for the hopeless? Who are the hopeless? Many people have thrown in the towel and feel there is no way out of the current economic crisis?  This hopeless feeling encompasses a wide spectrum of American society. In fact, this helpless feeling spans borders and oceans.  Many in congress are busy pointing fingers and doing little to address the current economic crisis. Entirely too many feel they are obligated to obstruct constructive dialogue and not contribute anything of substance to solving the problem. To them, everything is wrong that they do not support.

The current economic crisis produces uncertainty, suspicion and distrust, fueled by actions taken by those charged with managing Wall Street, and our banking industry. It has also produced poverty and misery. Through all of this, some have gotten rich-some riches gained by taking from others.

Many individuals, who thought they had their financial situation well in hand in 2004, now find themselves in a financial crisis. The current economic situation has a humbling affect on many people. It has brought them back to earth and made them take actions supposedly reserved for the lazy, ignorant and welfare recipients. Many have swallowed their pride and now seek social services, relief from financial obligations and outright poverty.   One only have to look at photos taken during the great depression to get a glimpse of what happens when a nation’s economic system collapse.  People in three-piece suits and nice hats in soup lines with cups in hand, trying to get a bite to eat, paints a sobering picture.  Is it possible we will see more of this in the coming months? Yes, it is possible. Fact is, soup lines are already forming in some cities.

President John F. Kennedy (1917-1963) said the following in his inaugural address: if a free society cannot help the many who are poor, it cannot save the few who are rich. President Kennedy’s remark rings loud and clear today. Many who looked down from their ivory towers and sneered at the downtrodden and less fortunate, now find themselves being one of the lowly and practically broke.  President Kennedy also made the following statement: And so, my fellow Americans, ask not what your country can do for you; ask what you can do for your country. Finally President Kennedy said: my fellow citizens of the world, ask not what America will do for you, but what we together can do for the freedom of man.  If he were alive today, he would be making the same argument. He would implore those of who have much to share with the less fortunate and down trodden. He would remind us what happens when the vast majority of a nation’s wealth is concentrated in the hands of a chosen few.  

February 13, 2009 - Posted by | borrowing money, Failed economic poicy, Greed, Soup kitchens, Taxpayer bailouts, wealth redistribution

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