The Chickens Have Come Home to Roost

Posted: September 26, 2008 by April Watkins in Current Events, Financial Markets, Issues, Our Government, Politics
Tags: , , , , , ,

I don’t know if there has ever been a better example of the need for common sense and responsibility in our government leadership than the crisis we are witnessing in our financial markets.  Fault lies with the greed and callousness of the traders, speculators and all sorts of players in the financial markets. Fault also lies with our government, Democrats and Republicans alike, so pointing fingers is a pointless gesture.  However, it is possible that the worst fault lies with us – the American public.

We are all shocked and appalled at the lack of oversight from the financial leaders, but were we checking our own savings, stocks and bonds?  Were we keeping track of what was slowly happening in the financial sector?  Did we even stop to read a newspaper or watch the evening news to at least get some clue as to how the markets were heading?  Of course not!  Why?  Because we have become the Self-Absorbed Generation…the “if it doesn’t touch my wallet, I don’t care” generation…the “I’m an environmentalist,” “I’m a busy mom/dad,” “I’m against the war,” “I’m all about saving our planet,” I’m a Democrat,” “I’m a Republican,” “I’m an Independent,” “I’m a _____ (you can continue to fill in the blank). What we are is apathetic to our role in being a citizen of the United States of America.

As I’ve stated before, those of us born after WWII have not experienced sacrifice, need, or a coalescent feeling of being an American.  Thanks to those of our “Greatest Generation,” we have been given the gift of growing up in relative peace and prosperity as compared to most of the world.  We’ve relaxed, gone on with our daily lives and let others take care of the details.  We’ve knowingly elected men and women to office who were inexperienced and inept, because those of us who could tackle the hard issues had “other responsibilities,” or “just didn’t have the time.”

Roosting chickens

Roosting chickens

Well, guess what?  The chickens have come home to roost.  Our idiotic politicos have made so many deals with one devil or another that they can’t tell us who’s who.  Their answer to any problem has been to name a “task force” to study the problem then report back to Congress that they have no real resolution.  Honestly, do remember ANY task force coming up with a workable plan to fix a problem?

Then there are the predators, domestic and foreign, who look to take whatever they can, as much as they can, and as quickly as the can.  Get in – get the money – get out.  Trades, mergers, stock speculation, short-selling – it’s high-risk gambling to them.  The polidiots we’ve elected [don’t you love that word?] pass legislation with no full understanding of an issue or the potential fallout; or allow a free-for-all with little to no regulation.

Ask yourself this…would you, knowing the tensions in the Middle East and Asia, allow the Saudis, Chinese and others to buy so much of our debt that, in truth, THEY actually control our financial markets?  Would you allow other countries to simply buy up real estate to the point where they own large portions of our country?  Would you allow large companies, which provide millions of jobs to Americans, to merge and then be bought by foreign entities?  Contrarily, would you have given the nod to American companies to outsource jobs to workers in other countries in order to bring down labor costs to provide Americans with “sweet deals” on merchandise?

If you have been paying attention to the news, you already know that our government has had to nationalize three corporations this past week.  Nationalize! That’s what happens in third world countries – not America!  Our government has now been forced to take over the responsibility and the massive debt created by these fools who have consciously approved loans (mostly subprime) to people who were well aware that they could not afford to repay them.   Due to the enormous volume of subprime lending, the government could not allow these institutions to collapse without throwing America into massive turmoil.  That means, rather than use the money for developing new energy sources or building new and better schools, your tax dollars had to buy Fannie Mae, Freddy Mac, and the enormous AIG, which held so much of our debts and investments that its collapse alone could cause a world crisis.

According to Bloomberg reports from Thursday afternoon, September 18th, “The Democratic-controlled Congress, acknowledging that it isn’t equipped to lead the way to a solution for the financial crisis and can’t agree on a path to follow, is likely to just get out of the way.”  With that logic, they should just not bother returning.  Bloomberg continues its report with a quote from Senate Majority Leader Harry Reid stating that one reason for the adjournment consideration is that “no one knows what to do” at the moment.  [We actually pay these people salaries right?] Keep in mind that the financial crisis is only one of two critical issues affecting the American people at this very moment.  Neither the House nor the Senate seems to “know what to do” about the energy crisis either.  With these confessions, it occurred to me that maybe this cut-and-run tactic is best.  At least we will not be encumbered with nit-wit led legislation that solves nothing, but has the appearance of productivity.  Productivity…a concept this Democratic-led Congress apparently does not understand.

With only little more than a month until Election Day is here, we must ask our candidates the hard questions and demand concise and straight answers instead of the typical spin.  And that is…Why It Matters.

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