The agency kept America’s credit rating at triple A but for the first time since it started rating US debt 70 years ago, cut its outlook from “stable” to “negative”. A negative outlook means there is a one-third chance of a downgrade in the next two years.
The Hound has shown the momentum that our nation has been in for the last several years and it is not good. I believe in accountability and if I could see signs that I was wrong about what has been called a recovery by our government and their supporters in the Mainstream media, then I would be glad to admit that I was wrong. Who seems wrong today?
I choose not to ride shotgun on the Titanic. I'm getting in one of those lifeboats, because I did not cause this economic catastrophe that we are in and it is not my job to put on a smiley face and sing kumbaya as the water fills my nostrils.
I am not saying that all is lost. This is not the end of the world. It is however time for us to recognize that we have a major malfunction happening with the economy. Gold does not run to $1,500/ounce and Silver does gyrate to $43/ounce because people suddenly have decided "Gee those shiny objects are neat." They have multiplied in value, because the world recognizes that there are major inherent risks associated with the United States Dollar and its stability, which had earned it "Reserve Currency" status is gone. This exponential growth in prices of hard assets and commodities comes from the fact that investors just don't have faith that the Powers That Be in the United States know what the Hell they are doing!!!
The worst part is that some of those people, who are investing in other interests in a so called "Flight to Quality," are the same people who have helped cause the problems that we currently see with our economy. Instead of trying to shore up the problems we see with the systemic issues we face with our economy, they are knocking people out of the way to get to a lifeboat themselves. The problem is that the Global Lifeboat they are trying to get into is going to be pulled down in the wake of the United States' Colossal Economy.
The problems are simple to assess, but the remedies are going to be tough, and they will be tougher the longer that you fail to heed the warning signs. 1) The Global structure set up the last two decades-plus has been a failure and needs to be reassessed. 2) We have systemic fraud that has been built into our economy that has become top heavy to the point that even though it is a relatively small part of the economy in size it has a huge impact on the scope of the big picture and it has permeated every crack and crevice of the financial aspects of our economic and social structure. It is time to get real about accountability and justice related to what we have seen with the financial state of our economy. 3) It is time to realize that the viability of this nation rests upon the focus of the well being of the nation's citizenry as a whole. We cannot have a robust economy, much less a recovery, by focusing on the fat cats at the top of the food chain, while allowing everyone else to sink to the bottom and languish.
It is time to get past the Left-Right paradigm that has choked the governance of this nation. And those are not just words. I mean what I am saying. I remember someone that I care deeply about buying into Obama's speech the night he was elected. I told her that she didn't even know what she was talking about. That all he was chattering about was grandiose superlatives that had no direction. Well, needless to say that conversation went nowhere, because she was emotionally invested in Obamamania to the point of Obamagasm.
Obama has always spoken in such generalities that his minion attach their personal desires and ride some wave of personal euphoria towards what they desire for his teleprompted words to mean. Folks, Obama is as much a puppet as Howdy Doody. He is an empty suit. Where has he shown intelligence? He has no personal convictions or core principles. He is only a vessel, a conduit, for the people who control him. The mad scientists who are polluting this world, poisoning us, and who are ruining our chances of living peaceful, fruitful, and sustainable lives. Objectively, one has to admit that this Presidency has been a complete and utter failure. What has he been successful at? I guess being a NCAA Bracketogist in Chief? Blowing money this nation doesn't have on jaunts for himself and his family?
I don't say this to support what the Republican Party is doing. John McCain would have been no better. He is a progressive too. One minute he is for Immigration amnesty and the next he is against it and then he is for it again. All centered around Horse Race politics. He voted for the TARP bailout, after initially saying he was against it, of the "Too Big too Fail" Financial Institutions.
When the GOP talks about shared sacrifice, they don't include the Fat Cats on Wall Street. We need them to be untouchable mega billionaires so that they can tinkle down on us and we should all be subservient and feel blessed to receive crumbs. Most of the Republicans still believe in the low tax, trickle down policies that have been an abject failure. There is always an argument that lumps the upper middle class making a couple hundred thousand dollars a year in with those making $1 million, $10 million, or multiples of that per year. It has become abundantly obvious that the mega-rich are not creating jobs in this country. If they were, then we wouldn't have U-6 employment of 17.1% , only 45.4% of the people of this nation currently holding employment, and stagnant wage growth.
In order for our nation to move back towards a viable economic system, these issues will have to be addressed. We are going to have to see the Opportunity Playing Field become more level once again. This will only be done by stopping the Least Common Denominator attitudes towards the middle class that pervade the mindsets of our so called leaders. We cannot cut costs to achieve prosperity. Revenues have to be part of the equation, not government revenues, GDP. We have to grow the pie and get the Economic Engine built upon the principles of Ingenuity, Innovation, hard work, and perseverance built back into the system. We must reward good and punish bad. And we need to protect the interests of the United States within our own borders and get out of these foreign entanglements created by these never ending wars.
When we do this, then we won't need used car salesmen posing as politicos to sell us a lemon recovery. The recovery will be undeniable and it will sell itself. If you have to run around telling everyone that we are in a recovery, then it's not an economic recovery.
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