LC’s Commentary

Listen To The Voice of Reason

Righting The Ship

These are extremely troublesome times. United States President Obama and his administration struggles to upright the US economic ship and at the same time set a course towards economic stability.  President Obama’s administration has opened several proactive fronts in an effort to stabilize the economy and lower the deficit.

Much of the initial costs associated with Obama’s plan is designed to right the ship. The initial TARP funds (350 billion dollars) doled out to banks in 2008 was the initial venture designed to shore up the banking industry. Congress authorized an additional 350 billion dollars available for use in 2009, if needed. Spending associated with his budgetary plans is staggering and defies most Americans ability to ascertain exactly how much money is actually involved. 

Congress, President Obama and Americans at large, struggle to make sense of the current economic quandary.  Most people are of the mindset that drastic actions must be undertaken to stave off further deterioration of our economy. The only way this nation and the world can truly fix the current economic problem is, they must define the problem in totality. Much of the conversation relating to greed, outright thievery and corruption is conspicuously missing from public discourse.  Most politicians, Republicans and Democrats continually dance around the greed, corruption and outright thievery problems facing this nation-a problem that has contributed mightily to the current situation.  One thing is perfectly clear-if this nation and the rest of the world are not willing to take on the above-mentioned problems, head-on, and untrustworthy people in positions that control our capitalistic system are not removed from the equation, the recession and possible depression will linger for the near future.

Defending President Obama’s administration current course of action without question is counter-productive and risky.  To be against everything the administration proposes-good or bad is worse-especially when most positions are carbon copies of Conservative Talk Radio.

Much of what really goes on in Washington is reserved for the privileged few.   How many of you remember when President George Bush invited Conservative Talk Radio hosts to come to the White House and have a private chat with him?  What gave them the right to information that not all American could access?  The same is true regarding the current banking system. There are the privileged few that have access to Wall Street information and data that the public will never see. This allows them to enrich themselves and their friends at the expense of other people. Access to this information allows them to make critical monetary decisions-decisions others cannot make because of denial of access to like information.

Hinton R. Helper published a book in 1857 titled the Impending crisis in the south.  In his writings, he penned the following: Never were the poorer classes of a people, and those classes so largely in the majority, and all inhabiting the same country, so basely duped, so adroitly swindled, or so damnadly outraged.  Economic Indicators suggests most Americans have been duped for a very long time.

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March 26, 2009 - Posted by | borrowing money, Failed economic poicy, Greed, Taxpayer bailouts

1 Comment »

  1. GEE! DIDN’T THE MAN FROM MOMBASA ALSO INVITE CONSERVATIVE THINKERS TO A WHITE HOUSE CONFAB?? MY MY, HOW SELECTIVE WE’VE BECOME. IMAGINE BOWING TO A KENYAN WHO MAY BE A MAU-MAU. DO YOU REMEMBER THE MAU-MAU? THEY PILLAGED KENYA AND KILLED AS MANY WHITEY’S AS THEY COULD.

    HEY”MAN FROM MOMBASA!! RELEASE A TRUE COPY OF YOUR BIRTH CERTIFICATE–I WANT TO PRACTICE MY SWAHILI!!

    Comment by llabesab | March 26, 2009 | Reply


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