Were the US economy a patient in a hospital, this is the part when the doctor walks out shaking his head and talks to the family. " I’m sorry, we’ve tried every thing that we know to do, we’ve cut interest rates three times and we can’t cut anymore. We’ve put the banks on respirators to keep them functioning, but its done no good. We’ve even pumped in rebate checks to get money circulating back into the economy but the effects were only temporary, the body just used them to pay past due bills.
The falling value of homes and the declining wages of the average American has taken millions out of any real participation in the economy. The rising cost of fuel and the related inflation of food prices has sent a paralysis throughout the system. It is a cancer!" The doctor insisted. "An economy that is at war with itself, management has fueled growth on low wages and cutting benefits, cutting taxes on the wealthy until the peoples debts can no longer be paid. The body politic simply borrowed from the banks but have run out of credit, only a healthy middle class could save us now but that was the first thing to go."
Its called death by supply side economics, a faith based initiative where by entrusting the government to wealthy business interests promise to make everything better for everyone. It is always fatal, always has been, always will be, you can’t build a pyramid from the top down, you can’t build anything from the top down.
It goes against the physical laws of the universe, could you imagine a beehive where all is trusted to the queen? If the worker bees fail the hive dies and there is not a damn thing the queen can do about it!
Madness is the last stage of the illness; the politicians will live in a permanent state of denial, insisting that all is well and then grow quiet. The media will trumpet the good news of one corporation buying out another but ignoring why it is that the other corporation is so anxious to sell out. The stock market like shipwrecked mariners will cling to the driftwood of the economy. They will cheer and their hopes will rise on any good news. The market like their hopes will swing wildly then drift back into depression when the ship on the horizon turns out to be a cloud or a mirage until one by one the sharks move in.
In some rare cases the government slips into madness and begins to rant like Napoleon or Hitler! It is a deep-seated neurosis where the beliefs of a lifetime are proved fatally wrong.
"I am the Obergruppen Fuehrer for the state of Kalifornia! You will do what I say, ya? We must not be held back by this economy! There is only one course to follow! We must make an example of state workers! We will shoot a thousand a day until the economy gives in and turns around.!"
"Sir you can’t shoot state workers!"
"Then fire them! Fire them all, the temporary workers, the interns, fire them all!"
"But Obergruppen Fuehrer what about the police and fire departments?"
"Ya, they have been loyal to me and their job is to protect me, they may keep their jobs."
"Fire the rest, we must show this economy that we can’t be pushed around!"
"Sir, we need the state workers, you can’t fire them all!"
"All right then! You will cut their pay to the minimum wage!"
"Sir, are computers are old, we need the temporary workers to reprogram them."
"Nein! Nein! They must be taught a lesson! They have let this economy fail and now they must pay! They really don’t deserve me, you know!"