I can’t help but be amused by the meteoric rise of imminent world doom sentiment that is so prevalent these days. Our very own president, Obamessiah, describes our national economy in terms that make Black Friday sound like Scout-a-rama. While I must confess that I too believe that our national finances have been and continue to be sorely mismanaged, I can’t help but think that there may be more going on here than meets the eye.
Check out this article for some background: http://www.cato.org/pub_display.php?pub_id=9950.
Are nearly $900 Billion dollars printed literally out of thin air going to do a single thing to help the typical American citizen? Are we the people better off in any way by the Messiariffic move to dramatically increase our debt to the Federal Reserve? The answer is unequivocally NO. Moreover, I believe that the severity of our current “financial crisis” is being vastly overplayed by those who desire to use the perception of a catastrophe to advance a variety of nation and world changing agendas.
Selling the perception of imminent doom (read “financial catastrophe”) gives leverage to the one who offers a solution. This has been the political game played since time immemorial, and it’s being played BIG TIME right now. The Cato Institute article makes a very good point. It seems to me that the unprecedented economic “stimulus” being proposed is vastly disproportionate to the actual state of the economy. The current administration continues to use the “Problem-Reaction-Solution” formula to fool the American people into supporting otherwise distasteful legislation. Obama’s administration wants to enact some MAJOR changes in fiscal, monetary, and social policy. The best way to do this is to create a crisis (or at least the perception of one). And they’re doing a pretty good job.
Yeah, “those were the days” (September, 2008) when Hank Paulson was foisting the same end of the world propaganda on the unwitting public. What was the result of that adventure? Further consolidation of wealth in the hands of even fewer people. The few well positioned financial institutions (Morgan, B of A) got a GREAT bargain and the Fed even helped to broker the deal. Then the U.S. Treasury got real generous by buying up “troubled assets” and purchasing preferred stock at a DEEP discount. How is this not raping and pilaging of the American people? Oh, wait… I’m starting to sound like that wacko Ron Paul.
But seriously, it is important for each of us to keep our heads in this potentially inflammatory time in which we live. Keep your eye on the ball… the real ball, not the one that the national media wants you to follow. Most importantly, always remember that we are human beings, endowed by our creator with certain inalienable rights. We are not and never shall be mere units of capital in need of a “bailout.”