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Wednesday, January 21, 2009

C-O-N-S-E-Q-U-E-N-C-E-S

Consequence -
  1. Something that logically or naturally follows from an action or condition. See Synonyms at effect.
  2. The relation of a result to its cause.
  3. A logical conclusion or inference.
Through these troubled times that we now live in, there is one thing that rings true. There seems to be no reasonable logic to the events taking place in this era. Common sense has gone out the window with our values. What has happened to the highly regarded values of Honesty, Integrity, Honor, and Loyalty? It used to be that these merits were held in high esteem and noble people desired these qualities of themselves and their leaders.

Now we live in a world built upon materialism. A world where might makes right, a world where no one stands up for righteousness, a world where righteousness and justice are looked upon as relative terms, and no person wants to be judged or held accountable.

This world of excuses and justification has led us to the precarious ledge that we now stand upon. Let's open our minds by looking at a few current events through the prism of the good and noble values that we should represent.

Bernard Lawrence (Bernie) Madoff is charged with running a Ponzi scheme that may have cost investors over $50 billion. People were impressed by the way this man carried himself and the lavish lifestyle that he led (and is still leading). He has already broken and flaunted the rules of his bail. He is still out on bond. Why?

Timothy Franz Geithner is President Obama's nominee for Secretary of the Treasury. It is a fact that he did not pay taxes owed and his excuses for doing so are less than believable. He also had employed an immigrant housekeeper who briefly lacked proper work papers. Finally, Geithner was at the table with Ben Bernanke and Henry Paulson when the Troubled Asset Relief Program (TARP fund) was created. He has said that the plan, which he helped create that has sent $350 billion out the window, isn't working and needs to be fixed. In my book, this guy has struck out. Can we afford for this man to be placed in charge of the world's largest cookie jar?

Outcomes are based upon logic. Doing the right things in life leads to positive consequences and doing the wrong things in life lead to negative consequences. If we put people in positions of power that we cannot trust, then we will surely pay the price when they follow their pattern of deeds. We cannot have viable commerce if we don't have trust naturally built into our Capitalist economic system.

Many economists are saying that our banks are insolvent, while politicians keep denying there is a systemic problem. They keep throwing more and more money towards these institutions without stopping to reassess the situation or demand accountabilty. Tell me what does empirical evidence make you think?

Capitalism has unjustly been put on trial. The problem is not Capitalism, it is Hedo-Economics. The people who have a Fiduciary responsibility to act in others best interest have not done so. We have seen political and business leaders act only towards their own material self-interests. This greed and subsequent poor judgment has led to the Recessionary consequences that we are enduring today. Yet, the perpetrators of misdeed are still in charge. Does that make sense?

We must learn from history. We are not going to solve the problems of our broken economy unless we demand positive values from our leaders! There must be transparency in the actions of people in power. When people break the law, no matter who they are, they must be held accountable. If they aren't, then we will continue to suffer. The laws of Common Sense are always in play and so are Consequences.

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