Monday, January 16, 2012

Morning In America Becomes Mourning America


It appears as if Conservative Tom is not the only one feeling that we have lost our way in this country.  Today Thomas Segal writes a provocative article on the where the United States is going. Combining this article and the previous posting, does not make for positive reading, however, we feel it is accurate.


America has lost its way. It is floundering financially, spread throughout the world trying to be the world's policeman while at the same time nearly 50% of its citizens work for the government in some way (either directly or through benefits). Its debt equals its GDP and its leaders cannot even put together a budget.  Americans who are successful are demeaned and government demands they pay more taxes. Social mores are out the window and the time of "anything goes" is definitely here.  It happened to Rome and Greece and it is happening here.

Should Europe implode from debt in the Euro zone, we will be pulled down into the morass and the "bad" days of 1929 and 2008 will look like a minor recession in comparison.  We hope that does not happen, but we feel there is not much time left to make the absolutely necessary and terribly painful course corrections necessary to prevent it. Will our leaders be able to act in time or will they continue to "rearrange the chairs on the Titanic?"
We believe it will be the latter.

So much for our uplifting message. What do you think?

Conservative Tom


Segel: Mourning For A Failing America

By Thomas D. Segel 
Ronald Reagan once reminded us that it was still “Morning in America”. Today, many of us are looking at all of the transpiring events of the day and instead of the Reagan mantra, we are mourning for a failing America.
The news bulletins that flashed across our television screens and headlined our newspapers over the past holiday season were sad enough to dampen the festive mood of many Americans.
We have the ever-increasing threat of Iran, combined with an Administration that treats this rogue nation’s growing nuclear possibility as if it were some tiny civic squabble.
We have a Justice Department that constantly attacks issues and legislation that are legitimate state rights.
We have a President who looks upon our Constitution as if it were merely a list of suggestions he can follow or ignore as his mood demands.
While these serious issues with international impact unfold, we have seen our national debt grow to the point where it now equals the total annual income of the country.
At the same time we have learned our housing market is not only in a dangerous financial meltdown, but growing worse. The country is awash with vacant houses seeking unavailable new owners. Foreclosures escalate monthly and many homes across the nation have declined as much as 45% from their peak value.
Everything from government regulations to the weather has wreaked havoc with our food supply. The government has also reported that in addition to escalating food prices across the country, more than 46 million Americans require some form of assistance to keep themselves and their families fed.
None of these concerns even come close to the wide spread impact of a failed economy. While more than 14 million Americans are reported to be unemployed, the actual figure is much higher. In addition to the actual job seekers, another 3 million Americans have decided to just drop out of the work force. Instead of an 8.6% unemployment rate, the country is really facing between 10% and 14% unemployment. Across the country major cities such as Los Angeles, Miami, Jacksonville, Detroit, Las Vegas and Tampa are reporting double-digit unemployment. This does not include smaller towns, such as the Rio Grande Valley of Texas, where unemployment ranges from 10% to 15% of the population. Hovering over all of this bad news is President who has held only one so-called job summit…and 73 reelection fund raising events.
Using all of these dark reports as a background for the Administration and Congress to reflect upon and take positive action, we have instead, one of the worst examples of political or governmental failure in the past 223 years. Perhaps the only period in our history when there was a worse governmental climate was the decade between 1850 and 1860 when the performance of both the executive branch and the legislative branch was so bad that it could not reach a reconcilable position and the nation erupted into civil war.
Today we have rule by presidential mandate, which remains questionable under the Constitution. We have an inept Congress that not only can’t pass a budget, but also cannot even cut the national debt by any meaningful dollar figure. Instead they pawn off their major problem on a so-called Super Committee that proved itself to be equally bad and unable to take any action to relieve pressure on our ever-growing national debt.
To the spirit of the Gipper we can only say…no longer do we see morning in America, but we do see mourning for those things that used to be and are now withering on the vine

4 comments:

  1. This guy seems to have no idea what were the primary sources of the $15 trillion national debt over the last 30 years. It's hard to fix a problem, if you don't even know what caused it.

    --David

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  2. David, re-read the article, I think you missed a lot.

    ReplyDelete
  3. I read it. I stand by my statement. The 3 largest contributors to the deficit projected out to 2020 will be (in order of significance):

    1. Bush tax cuts.
    2. The financial crisis of 2008 and its aftermath.
    3. Wars in Iraq and Afghanistan

    Did this guy mention any of these things as sources of the national debt? There is absolutely NOTHING in this guy's piece about the Wall Street banks. I saw yesterday that there are 20% more derivatives in the global markets today than there were in 2008.

    He does mention the foreclosures, but doesn't connect it to the banks' negligence (massive litigations pending) and resistance to restructuring the mortgages. As I said, this guy doesn't seem to know how we got into this mess in the first place.

    Wall Street runs this country, and the politicians are their servants. Thanks to Citizens United and the Super PACs it enabled, we are going to see $$$ BILLIONS of secret corporate money in the elections this year. That is because the Supreme Court has declared that corporations are "people" and money is "speech".

    --David

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  4. David, he did not mention the items you refer to because 1) that was not his point 2) they have nothing to do with the lack of leadership in Congress and the Presidency 3)the effect of Supreme Court rulings has nothing to do with the mess we are in today.

    Rather he was pointing out that we got this way, due to a do nothing Congress which cannot pass a bill. Presidents (both Republican and Democrat)and Congresses (controlled by Republicans and Democrats) who have allowed the spending to go on unabated. (Remember in Washington-speak, a cut is a decrease in the increase from one year to another and not an actual dollar cut in the budget item itself.)

    ReplyDelete

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