Similarly, Bernanke, Geithner, Summers, Barney Frank, Chris Dodd, Obama and the rest of the gang pretend they don't know how to fix the economy, because, in reality, their corporate funders don't want it to be fixed.
How Can We Fix the Economy?Given that there is a total breakdown in trust, our leaders can only help to turn the economy around if they admit that they've blown it.
They have to admit that:
- Our economy cannot prosper without a strong manufacturing base, and without services which actually help people (instead of doing othing but shuffling money around from one financial desk to another)
- They allowed far too much leverage in the system and far too much fractional reserve banking
- Throwing more money at the too-big-to-fail companies will not help anything, and that it is the American people who need relief
- The Fed can't simply blow one bubble after another to rescue the economy
- Things have been shrouded in too much secrecy, and that we need radical openness of the financial system
- The wealthy have rigged the system for themselves (and see this)
- The fox has not been doing a good job of guarding the chicken coop, and that we need outsiders to act more aggressively
If our leaders admitted these things, trust would be restored, and we could get back to work and restore our economy.
Can't be done! Not politically realistic!
Sure, the cocaine dealer and my little girl say the same thing.
What it means is that they don't want to change because they would lose their perks.
Note 1: Americans no longer trust the politicians, the justice system, their ability to obtain liberty, or the media. Americans know that the boys lied us into war in Iraq (which has bankrupted us to the tune of $3-5 trillion dollars), imported communist Soviet Union torture techniques and then said "we don't torture", spied on Americans (even before 9/11 ... confirmed here and here) while saying "we don't spy", and covered up the facts about 9/11 (even the 9/11 Commission thinks there was a coverup ... see also this).
Therefore, I passionately believe that a new honesty has to take place among our government and corporate institutions, and that the truth about these crimes has to be fully revealed before our economy will fully recover.
Unrealistic? Idealistic? Not feasible? Okay, but then trust will not be restored and the depression might last decades, with widespread violence the possible result.
Note 2: It's obvious that many politicians think they have to do something about the economic crisis. And so they throw trillions of dollars into bailouts, "loans" and other schemes which are actually making the problem worse.
This is the flip side to the problem of pretending you can't do anything. Doing something just to be doing something isn't very smart - especially when restoring trust would cost trillions less and would be much more effective.
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