The Fallout of Bad Choices
We are back on track with our follow up to Akerlof's interview Part 2. From Michael Lombardi at Profit Confidential, This is what America has come to?
The Nattering One muses... After eight years of collective whining, moaning and bitching about the Obama administration, what the right wingers should do is look in the mirror, the rear view one that is.
Source: Historical Composition of Congress
It was eight years of Bush administration and six years of Republican controlled Congress, that jumpstarted us all into the fine mess we are in today.
The left wingers need not gloat, for they must also gaze into the same rear view mirror. It was the folly of eight years of Bush, which led to the ensuing eight years of Obama administration and a Democratic controlled Congress...
..with a management by crisis mandate heretofore unparalleled, and could only manage a feeble "attempt" to clean up the mess. Leaving the have's in a much better, and the have not's in a much worse, situation than before.
When will the American people wake up and realize, that in a two party system, both camps are nothing more than a pack of rich in-trust lawyers...
who convene in the backrooms of congress, country and yacht clubs, brandy sifter and cigar in hand, toasting and backslapping each other...
for the royal bendover they and their corporate sponsors are giving the US public in broad daylight.
We thank all the whores on the hill, for their dedication to divisiveness, polarization, management by crisis and gridlock by design.
This is what America has come to? More fallout to come in Part 2.
Today’s citizens are responsible for the past actions (or should I say lack of actions) of politicians. You elect politicians to office to run a city, state, or government.
They make mistakes, like increasing government debt or choosing to go to war with another country, and it’s the citizens who are ultimately left dealing with the consequences of those decisions. And that brings me to the current financial situation in America.
Somewhere along the line, the powers that be decided that the best way to get the U.S. out of its 2008/2009 financial crisis was to print trillions of dollars in new paper money with nothing backing it.
Looking at this today, it seems to me that this exercise has made the rich a lot richer (because the rich own assets that have gone up in value)...while the poor have gotten poorer because their incomes are not rising and they cannot keep up with inflation. Detroit is a perfect of example of this.
The question is at what point do the poor say enough is enough and rebel against the rich?
We now have 92 million people in the U.S. who are able to work who are not working. The labor participation rate in this country is at a 35-year low!
If I had to look deep into my crystal ball to the future, unfortunately, I see an America that looks a lot more like Detroit than anything else. This is what America has come to.
The Nattering One muses... After eight years of collective whining, moaning and bitching about the Obama administration, what the right wingers should do is look in the mirror, the rear view one that is.
| Senate | House | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Congress | Years | Total | Dems | Reps | Others | Vacant | Total | Dems | Reps | Others | Vacant |
| 106th | 1999–2001 | 100 | 45 | 55 | — | — | 435 | 211 | 223 | 1 | — |
| 107th | 2001–2003 | 100 | 50 | 50 | — | — | 435 | 212 | 221 | 2 | — |
| 108th | 2003–2005 | 100 | 48 | 51 | 1 | — | 435 | 205 | 229 | 1 | — |
| 109th | 2005–2007 | 100 | 44 | 55 | 1 | — | 435 | 202 | 231 | 1 | 1 |
| 110th | 2007–2009 | 100 | 49 | 49 | 2 | — | 435 | 233 | 198 | — | 4 |
| 111th | 2009–2011 | 100 | 57 | 41 | 2 | 2 | 435 | 256 | 178 | — | 1 |
| 112th | 2011–2013 | 100 | 51 | 47 | 2 | — | 435 | 193 | 242 | — | — |
| 113th | 2013–2015 | 100 | 54 | 45 | 1 | — | 435 | 201 | 234 | — | — |
Source: Historical Composition of Congress
It was eight years of Bush administration and six years of Republican controlled Congress, that jumpstarted us all into the fine mess we are in today.
The left wingers need not gloat, for they must also gaze into the same rear view mirror. It was the folly of eight years of Bush, which led to the ensuing eight years of Obama administration and a Democratic controlled Congress...
..with a management by crisis mandate heretofore unparalleled, and could only manage a feeble "attempt" to clean up the mess. Leaving the have's in a much better, and the have not's in a much worse, situation than before.
When will the American people wake up and realize, that in a two party system, both camps are nothing more than a pack of rich in-trust lawyers...
who convene in the backrooms of congress, country and yacht clubs, brandy sifter and cigar in hand, toasting and backslapping each other...
for the royal bendover they and their corporate sponsors are giving the US public in broad daylight.
We thank all the whores on the hill, for their dedication to divisiveness, polarization, management by crisis and gridlock by design.
This is what America has come to? More fallout to come in Part 2.
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