Made in the United States with Money Supplied by China.
Posted: Saturday, January 17, 2009
by Jon Searles
Economic recessions have occurred 11 times in our country. The primary causes have been economic system failures, wars, and weather. I propose that the current recession is not caused by economic systems although we do hear constantly of the failure of the banking system to regulate itself and the financial market tumble into despair. It is also not caused by war, although we are currently in an unpopular and costly war that will hopefully end soon. Weather has been in the news as we have heard of the effects of global warming, but yet it does not appear to be the cause of our woes. The primary list of causes of the current recession appears to be overwhelming greed, overindulgence, and stupidity. Many of you may feel it is a little harsh, but a little "tough love" is needed to understand our inability to learn from our past mistakes and failures. We are all complicit in the current economic crisis and yet no one is to blame. How can that be that we all caused the problems but yet no one person it responsible?
The government's desire to enable those that failed with bailout cash is a simple case of financial codependency. The years have shown that Uncle Sam is a financial alcoholic and when he runs out of what he needs we will simply feed his need with more. Wouldn't it be a better idea to allow the financial markets and business to settle to their own level of sustainability rather than to allow it to be kept on artificial life support? More banks would close, major auto makers would collapse, businesses would cease to exist, and we would all be better served by those that remain. Allow the country to go into a form of symptomatic withdrawal, although unpleasant, but necessary to overcome its current addiction. More than likely it would be more unpleasant and take longer than the euphoric sensation of another temporary "fix", but the outcome would be better for all involved. Some of you may take offense to the analogy of chemical dependency, but through personal family experience and history I find it a valid comparison.
If you told me the government would take the 750 billion dollars and use it to only shore up our country's infrastructure by improving education (knowledge infrastructure), roads, bridges, and technology based enhancements of the United States and they would commit to only using US companies and US employees, I could support that approach knowing that if properly implemented it would pay strong benefits in the future. Unfortunately it appears to be only a small part of the money's ultimate destination. We continue to feel that building our country upon shifting sand is better that upon bedrock.
Economists, financial analysts, and government politicians would be quick to tell me that I am not qualified nor do I possess the appropriate education and experience to solve the current financial crisis in our country. They would tell me to leave it to the experts. Keep in mind, it is the experts that have allowed us to look over into the abyss and feel the ground give way around us. It is the same experts that failed to see the impending hemorrhage of financial chaos that is being felt around the world. And to avoid holding back my current feelings and ignoring all forms of political correctness and civility, it is the same stump dumb self important preaching pundits of economic dribble that have failed in any attempt to prevent yet another recession in our country. Call failure what it is and learn from it, a concept we appear to be unable to grasp.
With a little over 300 million people in the United States we could simply each send in a check for $3,333.33 give or take, to pay out the deficit. Whose money do you think Congress is giving away? How many checks have you received lately from big business? Right now we have countries such as China to thank for monies needed and investments in the United States. They are currently our "dealer" or supplier in this current habit analogy. Eventually we could put labels on our goods and services that stated "Made in the United States with Money Supplied by China."
Coincidently our governments elected officials have overwhelmingly condemned the oversight and handling of the first half of the money that was doled out to those financial institutions that had their hands out for cash. Wow, who saw that coming? I guess we all did.
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Top-level comments on this article: (2 total)Jon, a really well thought out article. I agree with many or perhaps most of your thoughts. I only differ in this. We assume integrity is present when we say let. This is and make no mistake about it, all about wealth and an ideology that is Global in scope. We created it, support it and we sustain it. The evidence is so far reaching it cannot be denied. That is why we must pur money into it and not let it fail or the entire house comes down. better to scarifice people then that in their mind, reality. Yet they cannot nor will they ever say that. They scramble to do both and hope like the rest of us. Why here in America care not to see it, well frankly in my opinion like religion, the priests of that day were blind to it and evidently so are we? The are no economic answers except jobs, good jobs and reality Jon. Reality says that is years away if ever. Good work and interesting.Please log in to respond to this comment.Robert,Occasionally I see glimmers of hope in what politicians may say, but as I have read in your articles the proof is in the "deeds". Thanks again for reading and God bless.Please log in to respond to this comment.
You are probably as qualified as anyone to make the statements you have. Remember, it was amateurs who built Noah's Ark and professionals who built the Titanic.Please log in to respond to this comment.David,Hopefully God will again guide the hands of a few amateurs.Thanks for reading.Please log in to respond to this comment.
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