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Despite a brief short covering sellers rally in the market a few days ago ~ the stock market is selling off substantially today and nothing has fundamentally changed concerning America's underlying economic problems. America is still deeply in debt and the latest bailout schemes will increase our debt by two or three more times. A record 91 percent of Americans are "dissatisfied with the way things are going in the United States," according to a new USA Today/Gallup poll. Another 84 percent of those polled "predict the economy is going to get worse." Here are the basic facts ~ We have no real manufacturing base, we are not saving anything, we have not fixed the huge derivatives nightmare, and we have not learned from our excesses and gone back to a sound and properly regulated economic and financial policy. There will be other meltdowns soon and probably right after the elections ~ because the market fundamentals are not improving as central banks flood new money into the system to give the appearance of financial stability. It was Henry Kissinger who wrote ~ " It's not a matter of what is true that counts but a matter of what is perceived to be true." But here is the obvious truth ~ the Cheney/Bush/McCain administration has been a crime syndicate and their greed is a rapidly spreading cancer which has infected the entire global financial sector. It's Rivero's rule in action ~ all organizations and countries will eventually reflect the moral integrity and character of its leaders. As such, we have done the world a disservice with our economic policies which hopefully will be eventually rectified by President Obama. Allen L Roland is a practicing psychotherapist, author and lecturer who also shares a daily political and social commentary on his weblog and website allenroland.com He also guest hosts a monthly national radio show TRUTHTALK on www.conscioustalk.net
Take action -- click here to contact your local newspaper or congress people: Click here to see the most recent messages sent to congressional reps and local newspapers http://www.allenroland.com Allen L Roland is a practicing psychotherapist, author and lecturer who also shares a daily political and social commentary on his weblog and website allenroland.com He also guest hosts a monthly national radio show TRUTHTALK on Conscious talk radio www.conscioustalk.net
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