Saturday, September 20, 2008

Americ CAN'T be Fixed!

I know that its been awhile since I have blogged anything about fixing America, but after the financial crisis and how both sides (Democrats and Republicans) are attacking each other without caring about how this will impact the future of this country, I have reached one conclusion:
America can not be fixed! American is headed for destruction based on its own greed, apathy and lack of real statesmen and women to step forward and come up with viable solutions. All we are left with are the screeching banshees like Speaker Pelosi and Hillary Clinton, the inept like President Bush (yes, I said President Bush since most of the financial crisis can be laid at his administration's feet), and the greedy like Wall Street Investment bankers, commercial bankers' and the unbelievable crop of Ivy League-trained MBA's that think the only code of ethics is how much money can they make for their next bonus.

To be specific this whole mess which is where the US will finally be taken down was born in the 80's when the deregulation of the S&L industry (savings and loan industry) led to the huge S&L debacle. One lesson that we must understand is that while capitalism is the best system on the planet since it rewards personal initiative and industry, it does come with one major flaw: it breeds the seeds of its own destruction - greed. This is where government can be useful since a pure "laissez-faire" capitalistic system is unworkable in much the same way a pure "Marxian-Socialist" socio-economic form of association fails. Both forms of socio-economic arrangements fail to take into account the one thing that damns them both: human nature. The "laissez-faire" formation ignores the greed and power element of human nature while the "Marxian-Socialists" ignore the power and laziness of human nature.

By ignoring these inherent limitations of the human spirit, both infrastructures while workable for a small period of time sow the seeds of their own destruction without some intervention of government. The "Marxian-Socialists" dissipate much earlier since laziness and apathy is much harder to overcome than greed, but ultimately both systems will implode.

We have seen this in the demise of the Soviet Union in the late 1980's and we are now seeing the seeds of the destruction of the US: greed. The 1929 stock market crash was the first ripple in the pond and that expanded into the Vietnam War (done primarily for the financial enhancement of LBJ's Texas buddies), the 1980 S&L crisis, numerous commercial bailouts of bad management and companies (airlines, Chrysler, aircraft manufactures, hedge funds, and now Wall Street). The US taxpayer is now on tap for over 2 Trillion (that's 2 million million) dollars to bail out the Wall Street investment and mortgage banks because we are told they are "too big to fail". We are going to bail-out those that over-bought, over-sold, over-reached, over-risked, and then cry to the government to "bail them out" with taxpayer funds, and worse, the government does it in spades. The action of the US Government will have a ton of consequences that can not be seen at this time, but I suggest that this will not solve the problem they think it will. There is over $650 Trillion (that's right, the big T) US dollars of derivatives on the books of the world's financial organization for which there is no way to deleverage or unwind. The US real estate crisis that led to the US financial crisis is just the beginning: both were formed in the human cesspool of GREED.

America is doomed and there is nothing that can be done to stop the slide into complete ruination regardless of which candidate enters the White House in January. The corruption and completely dysfunctional Congress led by the totally inept and bungling Nancy Pelosi and Harry Reid (lowest approval rating in history - 9%) has failed in all respects to address the country's needs while the current President Bush appears to have very little clue about how to even suggest repairs and is only hoping for a quick end to his sad, and mismanaged 8 years a President.

I am not a partisan only a sadly, once proud American that can no longer be such. The US can not be saved, and I for one do not want to remain while its citizens continue to fight over "lipstick on a pig" or the nightly political trash on the Fox New channels and left-wing broadcast news shows. We have outlived our usefulness on this planet and its time for the US to fade away and let the world spin down on its own.

The best days of the US are behind it when its citizens believed that there was an American dream; now there is just "how can I scam the system?" or "how can I get mine, screw the consequences?" Americans don't care about each other, the world of the future. We have truly, as Lincoln bemoaned, become a "house divided against itself". We are in the midst of another civil war, one of thoughts, slogans and issues, not guns, canon or picket lines, but nevertheless, one from which we will not survive.

We will leave the world a void from which it will not emerge since the fanatics and zealots will soon bring down the remainder of the intelligence left on this little ball in space. From the void if anyone is watching, they must be truly either laughing or puzzled how we could choose to make such moronic decisions and take such fruitless paths, but we have done it in spades.

I am sorry that American can't be fixed, but I am never one to "beat a dead horse", and the US has finally become the proverbial expired equine. It is time to "bring out the dead" and move on. Lower the Stars and Stripes and make way for the final act: we have done it to ourselves.

No comments: