STOP BLOWING BUBBLES!

Time for Obama to tell his economics team to “Cut the crap!”

“You say you want a revolution?”

Einstein once famously said, “The definition of insanity is doing the same thing over and over again and expecting different results”. Starting with Treasury Secretary Hank Paulson and FED chair Ben Bernanke and now continuing to Bernanke and new Treasury Secretary Tim Geithner, all have repeated explicitly that, in their efforts to resuscitate the economy, they want to “re-inflate” the housing bubble! Think about that for just one moment. These “Masters of the Universe” want to commit us to the very self same path that has brought us where we are today. By Einstein's definition, this is the very definition of “insanity”!

One of the major problems that has led to the crash and burn of the worldwide financial system and, probably the crash of our domestic economy and, maybe even a Depression, is the series of “economic bubbles” that have been encouraged and grown by such as former FED chairman, Alan Greenspan. Greenspan was responsible for inflating the dot com bubble and, when that collapsed, for inflating the housing bubble. Greenspan was also highly in favor of the myriad “innovative financial instruments”, all of which were completely unregulated (by design) and with no oversight whatsoever!

This whole idea of economic “bubbles” is based on the idea of increasing lending which leads to increases in investing and, especially, increases in spending. As Paulson and Bernanke and Geithner and a whole myriad of other economic “bright boys” have said, “We need to get credit flowing again!” There's only one problem with this, to have lending you must have borrowing. The public has borrowed itself out. Borrowing means, to the individual, debt. As it is, the vast majority of credit worthy borrowers have maxed out. They are carrying as heavy a debt burden as they can. And, lending to the not credit worthy was what the whole charade of the “NINJA” (No Income, No Job, No Assets) loans was about. When you lend to people who can't pay back those loans, the loans go bad. When the loans go bad, the various “bundled debt instruments” built upon those debts go bad as well.

Loans are still available for credit worthy individuals, it is just that they are not borrowing anymore. As the old saw goes, “You can lead a horse to water but you can't make him drink.” The borrowers aren't drinking anymore.

More than anything else, the government needs to:

1. Stop throwing good money after bad! The Wall Street banksters have become incredibly wealthy by gaming the system. Wall St. has, for at least the last decade, been running the market like a casino. Well guess what? They've bet badly and lost, badly. The government should NOT try to “save the Wall St. banks”. If the Big Boys (AIG, Goldman Sachs, BoA, etc.) are broke, they should be taken over (gasp, Nationalized!), restructured, broken up and, when they are made sound again, privatized. After all, that's what we have an FDIC for, right?
2. Get rid of the thieves! It is more than high times that all those “bright boys” that have led us to this dismal place take their medicine. Those who knowingly, willingly skirted the rules should be prosecuted, ala Bernie Madoff. ALL the boards of directors of all the Wall St. banks MUST be fired. They are all criminally incompetent or simply criminal. Either way, it's out on their ear with them!
3. Investigate, prosecute, jail. It is well past time to investigate those governmental agencies and officials who were tasked with monitoring the banksters and yet somehow managed to miss every single red light on the board. There are rare exceptions. Sheila Bair, Chair of the FDIC, has for years been pushing for more stringent oversight. Oddly enough, under the Bush administration all her pleas fell on deaf ears. Once the investigations have been completed, those officials and ex-officials who allowed the shenanigans that felled the financial system should either be prosecuted or fired or both. And, those found guilty of collusion with the Wall St. banksters must go to jail. And not Club Fed either. I mean federal penitentiary, with bars and big, bad, nasty boyfriends.
4. Stop blowing bubbles! Stop trying to maintain the broken system that has gotten us here! No more “bubble economics”. If we are to persist with a capitalist economy, let it be a true capitalist economy. You invest in companies because you believe in the service/product and expect to gain from the success of that venture. If you guess badly, poof! there went your money. No more of this insanity of capitalist socialism! No more “privatize the profits but socialize the losses”!

Sit down and STFU already!

Enough already! Time for the progressives and Democrats to stand up and clearly tell the regressives and Republicans to “Sit down and STFU!” in no uncertain terms.

On all the talking head shows for some unknown and unfathomable reason there are far more Republicans and reichwing ideologues being asked for their opinions on the current stimulus package and, predictably, they come out spewing the old (and discredited) bromides about “tax cuts” (for the wealthy and mega-corporations) and cuts in increasingly frayed social services for the rest of us. ENOUGH! The last 28 years (yes, I'm including Clinton's 2 terms because many of his policies sprang from the same éminences grises that got us where we are today!) where the political and economic center has been violently wrenched to the right of center and the very economic policies for tax cuts for the rich and service cuts for the rest, HAVE been implemented. Look where it has gotten us. Greater concentration of wealth and political power in the hands of a tiny minority with the attendant pauperization of the majority. With the greater concentration of wealth into fewer hands, political power has also been concentrated in fewer hands. With our political system the way it is, once a senator or representative is elected to office, the majority of their time is subsumed in fundraising for the next election. Many, if not most, legislators don't even have time to do the job they were elected to, they usually don't even have time to read the bills they vote on, much less examine them carefully and think about how it will affect their constituents. These mundane duties are delegated to their staff. Even in those rare cases where the legislator may not be compromised by moneyed interests, often times their staffs are.

With the concentration of wealth and power in the hands of the moneyed interests, the interests of the vast majority, i.e. the public at large, suffer. While the moneyed interests virtually dictate legislation beneficial to themselves and their interests, the public interest is forgotten. For example, when the credit card companies essentially rewrote the bankruptcy laws to their perceived interest, the ability of the common citizen to get any true debt relief was essentially stripped away. However, interestingly enough, were the same bankruptcy rules to be applied to the Wall St. banksters who have gamed the system and become monumentally rich in the process, all of Wall St. would have crashed by now, all their company and personal assets would have been liquidated and all the Thains and Madoffs would now be residing under bridges. Obviously, this has not and will not happen because we do have a two-tiered legal system; very harsh treatment for the common man and extremely lenient treatment for the wealthy and powerful. Imagine, if you will, that you had embezzled say $25,000. Once the theft were detected, you would be taken forthwith to the jail to await trial. If you can afford to do so, you may be able to bond yourself out until trial. Once convicted, off you go for a lengthy stay at a state or federal penal facility. Now, look at Bernie Madoff. Certainly, he has posted an immense bond (but he had stolen an immense amount of money). Pending his trial he is under “house arrest” at his luxurious Manhattan penthouse. Even if he should be convicted (after all, he can afford to hire the best counsel money can buy), he may well be sentenced to a minimum security facility, maybe even one of those Club Feds where you pick up trash in the morning and play tennis in the afternoon. In addition, if you (a common peon) are accused of a variety of offenses, all of your assets are seized, even prior to trial, making the task of defending yourself near impossible. See the difference?

Again, we have had 28 years of essentially, Reaganomics i.e. massive tax cuts for the wealthy and mega-corporations. So, what hath these failed policies wrought? Immense concentration of existing wealth into the grasping hands of the greedy, massive destruction of wealth for the lower and middle classes. Near total neglect of the public infrastructure leading to increasing failure of that infrastructure. The outsourcing of most of the American industrial base to low wage foreign countries which has also helped wreck the unions in the United States. The massive pillaging of the Federal Treasury by private interests has left the United States, for all intents and purposes, bankrupt.

So, in conclusion, each and every time one hears the standard Republican line of “tax cuts” to remedy our current troubles, one must be very careful to say “Sit down and STFU!”. It has been tried, for 28 years running, and has directly led us to the disaster we find ourselves in today. Remember, Republicans, “STFU”!

Lieberman? Rahm Israel Emanuel? Democrats?

Change? We can believe?

The American electorate, in numbers too large to ignore, voted for Barack Hussein Obama II and his slogan, “Change We Can Believe In”. So far, the Obama pre-administration has shown little if any change from the staid and rancid ways of Washington.

Yesterday the Senate Democratic Caucus, with the encouragement of Barack Obama, voted to allow the former Democratic, now Independent Senator, Joseph Lieberman, to retain his Chairmanship of the Senate Homeland Security and Governmental Affairs Committee. This after the “Independent” Senator Joseph Lieberman (2000 Democratic Vice Presidential candidate) deserted “his” party (Lieberman caucuses with the Democrats) to campaign vigorously for the Republican Presidential candidate, Senator John S. McCain and other Republican candidates in various other races!

In the meantime, Barack Obama has appointed Rahm Israel Emanuel (remember, Israel is my middle name!) to act as Obama's White House Chief of Staff. It would be well to remember that Emanuel was Bill Clinton's senior advisor in the White House from 1993 to 1998. After resigning his position as Clinton's advisor, Emanuel became an investment banker earning $16.2 million in 2½ years which provided the wherewithal for his bid for the 5^th District U.S. House seat. (Wikipedia)

Sigh! This is change? We can believe?

The Democrats have remained true to form. At the very least, the form they have shown for the duration of Bush the Lesser's administration and especially since their victories of 2006 and 2008. Just a day after the 2006 elections in which Democrats regained control of the House of Representatives, new Speaker of the House, Rep. Nancy Pelosi

“House Democratic Leader Nancy Pelosi promised Wednesday that when her party takes over, the new majority will not attempt to remove President Bush from office, despite earlier pledges to the contrary from others in the caucus.” ~ NYTimes

And, let us remember, Nancy Pelosi has stood by her pledge to keep “impeachment off the table” despite vigorous agitation by the progressives who were instrumental in helping the Democrats regain the House.

Democrats? Change? To use these words in a single sentence seems to be an oxymoron, much like the idea of “military intelligence”! Granted and acknowledged, it was of utmost importance to remove the Republicans from Washington's levers of power. However, the “hope” of “change” the people are investing in Barack Obama and the Democrats would seem sadly misplaced.

As I noted in a piece I wrote immediately following the 2006 elections:

“Granted, it is vitally important that the incoming Democrats do not immediately institute comity and the sense of bipartisanship. It is vitally important that the Republicans be treated under the very rules they themselves promulgated and instituted against the minority Democrats, not so much in the spirit of vindictiveness but as an object lesson of why comity and bipartisanship are irreplaceable and necessary facets of proper and fair legislation. It is fit and proper for the Republicans to toil in basement meeting rooms; that they suffer the indignity of having their lights and microphones arbitrarily cut off; that they not be notified of hearings on bills and are forced to search Capitol Hill for the location of the hearings…from which they will be summarily excluded.” ~ “Which way you goin' Billy? Can I go too?”

The Democrats did nothing to make the Republicans pay any price whatsoever for the egregiously uncivil and undemocratic behavior they demonstrated toward the opposition when they were in power. Now, that the Democrats have increased their margin of majority in the House and are within a loud shout of 60 votes in the Senate, the Republicans (and the great reichwing Wurlitzer) are bleating piteously that the Democrats are bound to demonstrate “tolerance” and “bipartisanship”. Bipartisanship? Just how much more “bipartisanship” do the Republicans want? The Democrats have been shameless in repudiating their own constituencies and seconded virtually every demand of the Bush (mal)administration and the Republicans! The Democrats have backed every Bush era ravaging of the Constitution, from the gutting of FISA and retroactive immunity for the telecoms to “enhanced” interrogations. Just how much more “bipartisan” do they want the Democrats to be? The only possible increase in “bipartisanship” the Democrats could demonstrate would be for all the Democrats to simply become Republicans.

All I can say is: "Place not your faith in princes."!

Crash and Burn
(or, the ruinous end of the Empire of Dunces)

Though it is to be expected, the pandering For Profit Media is leaving the American people a thoroughly uninformed and, even worse, a hoodwinked one. This will lead to horrendous results with the present and upcoming Crash of the American Empire.

Even now, as the end of the reign of the American Empire swiftly encroaches, most Americans remain cocooned in their comforting blankets of ignorance. This is easily seen in the espoused world views of such as “Joe the Plumber” as well as the vile howls issued by various attendees of many McCain/Palin rallies. Their videotaped inanities show various degrees of: misinformation, brainwashing, illogic, ignorance, hatred and simple stupidity raised to the nth degree. Though the amateur reporters/videographers sometimes attempt to correct the misinformation espoused by the shrieking Know Nothings, rather than reflect for even one moment on such information, these obviously hateful knuckle draggers simply spew more bile and vitriol.

How does this all connect to the topic of the crash and burn of the American Empire? Most of what these benighted dunces spew are outworn paeans to American “exceptionalism” and reflect their completely distorted view of America's present condition and position in the world. These dunces still see America as the undisputed “leader of the world”, a “beacon unto the world”, an “example to the world”. It is past high time that we, as Americans, come to grips with the fact that we are not now, if we may well have been, any of these.

Since 1971, when Nixon scuttled the Bretton Woods System (which had been specifically crafted to give the U.S. unquestioned financial dominance in the post W.W. II world), by severing the dollar's convertibility to gold, Nixon essentially simultaneously opened the door to turning the dollar into the world's “reserve” currency while turning the dollar itself into a fiat currency. As long as the underlying economy of the U.S. was sound, this was a quite advantageous situation for the country. As long as the U.S.'s real economy was relatively sound, this was a wonderful idea; the dollar's status as reserve currency created a huge demand for dollars essentially acted as a massive subsidy and support for the U.S. economy.

However, over at least the last 30 years, “conservatives” and Republicans (far too often with major support of many “Democrats”) have been busily at work, hacking away at the very essence of America's “real” economy. As they steered America further and further away from a “real” economy and toward a financialized economy, through a wide variety of Randian, “free market” manipulations, more and more of America's real economy, actual manufacturing, has been increasingly offshored to low cost labor markets. What this has meant is that America's productive economy has been hollowed out, those higher paid jobs going offshore, replaced by much lower paying service jobs. In tandem with those losses we have had a shift into “financial” jobs, i.e., non-productive speculation.

With the rise of the financial sector the “Whiz Kids” on Wall Street have created a myriad of “financial innovations”, such as the now evident vaporware such as CDOs, SIVs, etc. In addition to creating these vehicles of their now revealed Ponzi scheme, the Wall Street sharpies went around the world, selling what they knew to be worthless scraps of paper as “solid” investment vehicles. As the underlying bad loans started to sour, the Ponzi scheme was exposed and the entire financial deck of cards began to crumble.

With exposure of the underhanded double dealing of the fat cats and speculators on Wall Street, the U.S. has lost what vestiges of legitimacy it had. The U.S. now stands naked before the world, the world's biggest debtor nation, it's financial markets shown to be all flash and no cash. The situation has become so bad that there is serious talk in international financial markets of abandoning the dollar as the reserve currency and turning the yuan into the new reserve currency. Before you scoff at the idea, it would be good to remember that China now has the largest reserves followed by Japan. Again, it is good to remember that the U.S. is now the world's largest debtor nation. To put it bluntly, we are bankrupt and China and Japan are our biggest creditors.

There is a very good reason why snake oil and patent medicine peddlers were “traveling” operations; you had to peddle your nostrums quickly and be off...before the local yokels either became sickened from the garbage you peddled them or found out that the “medicine” was worthless! Wall Street and the U.S. have peddled their sickness inducing products and now that the world economy has fallen deathly ill from this financial toxic waste, they are looking accusingly at the peddler and are quite irate. The pitchforks and torches are out and the tar and feathers are being brought to the fore.

It will be a quick, inglorious and disastrous fall!

On the economy...

No, I'm not an economist...and I don't even play one on TV, however, I have had a few economics courses and I still maintain an ability to reason and face facts and reality head-on. Hence, the following observations.

1. Though it would be pleasing to do so, one simply cannot lay ALL of the blame on Bush the Lesser's (mal)administration. Granted and agreed, this (mal)administration has removed what few restraints and regulations were still in place holding back the tidal wave that has crashed about us in the last few days. However, even when the current (mal)administration took office, most of the restrictions and regulations that were developed and implemented following the last economic cataclysm (oddly enough, arising from many analogous causes as the current disaster) had been dissolved.

2. Although the causes for the current financial and economic tsunami can be almost directly traced to the Reagan/Bush I (mal)administrations, Bubba Clinton and his (mal)administration are hardly blameless. Though often painted by the right wing as “liberals” and looked back at today by many “liberals” and Democrats as a “Golden Era”, Clinton was, in no wise, a liberal. Clinton (and Al Gore) were there at the founding of the DLC (Democratic Leadership Council) which served as one of those fabled devices of “triangulation”. What “triangulation” meant, in essence, was to push the Democratic Party away from its traditional base (workers, small business, minorities of all stripes, etc.) and toward more of the traditional Republican base (F.I.R.E.¹ Sector, Wall St., etc.). The DLC reasoned (erroneously it would seem) that the traditional Democratic base had nowhere to go so they could be ignored while the traditional Republican base could be wooed and won by adopting more (big) “business friendly” policies. Additionally, Clinton surrounded himself with such Wall St. fixtures as Robert Rubin (Goldman Sachs chairman) and Lawrence Summers (Goldman Sachs chairman). As has proven to be the case with the current Secretary of Treasury, Hank Paulson (yet another Goldman Sachs alum), though they may accede to offices of public trust, they never forget from whence they came and hold the interests of the Wall St. entities close to heart.

3. The unseemly, unbecoming and inappropriate spectacle of the “Millionaires Club” aka the U.S. Senate crafting and voting on a Wall St., “bailout” bill (inappropriate inasmuch as ALL revenue bills are supposed to originate in the House) was truly nauseating. Nauseating because by far the vast majority of communications from their constituents was solidly against any bailout of the Wall St. fat cats that had made millions of dollars by essentially engineering the very situation they needed to be bailed out from! Isn't it interesting, when the question came to the common folk who were victims of the schemes of the Wall St. banksters and needed some help to maintain a roof over their heads, the Senators, Congress critters, and banksters almost uniformly shrieked “Moral hazard!”, “Moral hazard!” And yet, when it comes to bailing out the very people most responsible for creating the situation and circumstances that have led to the current disaster...”Listen to the sounds...of silence.”

This was unseemly and unbecoming because, without any shadow of doubt, all of the Senators and Congress critters are far wealthier than the average American and many are heavily invested in Wall St. and were, therefore, voting their own interests rather than acting as “representatives of their constituents”. Were this in the judicial arena, virtually the entirety of the Senate and House would have to recuse themselves for “conflict of interest”!

What has been shown by these last two weeks, to any who had any doubts, that the current system of government is broken; totally, completely and irremediably broken! What I find terribly disturbing was a comment from Brooke Gladstone on PBS's “Bill Moyers Journal”:

“BROOKE GLADSTONE: Rather than trusting the leaders to make the decisions that we elected them to make.” (emphasis mine)

And, though it doesn't come out from the transcript, Gladstone seems disturbed that the people aren't trusting their “leaders”! As I recall, this country was established as a “representative democracy”. The reason it was established as a representative democracy and the citizens had to “trust” our “leaders” “...to makes the decisions that we elected them to make.” is because communications were limited to the speed of a horse and even the original 13 colonies covered a large enough territory that communications between constituents and representatives were not feasible in any sort of timely manner. Today, in the era of instant communications, the “peoples' representatives” need to be much more responsive and attuned to the sentiments of their putative “bosses”, their constituents. As it is, these last two weeks have dramatically shown that the “peoples' representatives”, both Republican and Democratic, take their marching orders from their true bosses, the F.I.R.E. Sector and Wall St. and to Hell with the desires of those that actually put them in office!

At this point all I can suggest is that each and every one of the Senators and Congress critters who voted for the “bailout” and is vulnerable to election should be summarily removed in the upcoming election and replaced by someone who understands who the true bosses in a representative democracy really are!

____________________
¹ F.I.R.E. Sector = Finance, Insurance and Real Estate.

Le Roi est mort! Vive le Roi!

(Updated below)

Well, according to the latest news, the trillion dollar bailout has ground to a halt. Now, the Fools on the Hill (i.e., the Democrats) are laboring mightily to resurrect the stinking, rotting corpse. To that I say, “Le Roi est mort! Vive le Roi!”

It is more than middling odd to see Sellout Pelosi prancing and preening for the cameras, promising that the bailout WILL be finalized before the end of the weekend. I say more than middling odd inasmuch as both congresspersons and senators, both Democratic and Republican, are reporting that they have received an avalanche of e-mails and faxes in the past few days. And, according to these representatives and senators, that avalanche of correspondence is running 100 to 1 AGAINST the bailout. And yet, here is Speaker Pelosi, Majority Leader Steny Hoyer, Congressman Barney Frank, Senator Dodd et al., all strutting around, pleased as Punch that they are crafting a bailout package that their constituents are adamantly against! And people wonder why Congress has a disapproval rating between 73-78%?!

This is supposed to be a “representative democracy”, right? So, just who are the Congress critters and senators representing? It is most obvious that they are not representing the people who voted them into office! Perhaps they are representing their true constituency, the mega-wealthy and the FIRE sector, the people who have bought and paid for their representatives (both Congressional and Senatorial) and by God, their bought and paid for shills had better produce!

We hear, repeatedly, just put the Democrats back in charge and all will be well. What a crock! In 2006 the voting public massively voted against the Republicans and, by default, for the Democrats. Have they ended the occupation of Iraq? No! Have they dismantled the so-called “Homeland Security” apparatus whose prime concern seems to be the persecution of domestic dissent? No! Have they ended the disgrace that is Guantánamo? No! How about holding the telecommunications giants as well as the Bush (mal)administration to book for the blatantly illegal spying on the American public! Hah! The Democrats bent over backwards to bend over backwards! Even though on that issue as well, the public was clamoring NOT to grant blanket retroactive immunity, our “representatives” discarded any appearance of representing their voters.

We are told by the Pelosis and Immanuels that the most important thing is “to elect more Democrats”. To what end? When the positions held by the Democratic establishment are virtually indistinguishable from the positions of the putative opposition, the Republican establishment, why bother to “vote Democrat”?

As The Who said so well back in 1971:

“I'll tip my hat to the new constitution

Take a bow for the new revolution

Smile and grin at the change all around me

Pick up my guitar and play

Just like yesterday

Then I'll get on my knees and pray

We don't get fooled again

Don't get fooled again

No, no!

YAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH!

Meet the new boss

Same as the old boss”

Smile; we've been so fooled again!

Update:

Shock! Seems some of the Fools on the Hill may not be as foolish as I thought. In response to a veritable flood of e-mails and faxes the “bipartisan” bailout of Wall Street as gone down in flames.

As Speaker Pelosi pointed out, "The legislation may have failed; the crisis is still with us." This is true, but, that being the case, I would offer the following as a basis to rectifying that crisis.

1. Scrap the Paulson plan, period. From its inception, the Paulson plan has been of Goldman Sachs, by Goldman Sachs, for Goldman Sachs. There is every good reason to believe that Paulson's rushing to the rescue of AIG was owing to the fact that, had AIG folded, Goldman Sachs would have gotten pennies on the dollar. Nuff said.

2. Any bailout plan for Wall Street MUST include a rollback of personal bankruptcy protections to the status quo ante of the punitive Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Or, going one better, analogous provisions of that Act should now be imposed on the CEOs and executives of any Wall Street entity seeking a government bailout.

3. Provide for at least a foreclosure moratorium for homeowners earnestly attempting to retain their homes and attempting good faith efforts to continue to pay at least payments with which they were enticed into purchasing/refinancing their homes.

4. As part and parcel of any government bailout, executives of any entity being bailed out must return to the Treasury any monies in excess of $1,000,000 per annum in pay or compensation received for each of the preceding 7 years. If that means they must divest themselves of that “cute” ski chalet in Steamboat Springs or their summer “cottage” in Gstadt, so be it.

5. For the duration of the bailout, all CEOs and executives of any of these entities would be required to work for minimum wage until that entity is stabilized. If it's good enough for California's public servants, per Herr Schwarzenegger, why then, it should be fine and dandy for the high flyers who, through their own actions, caused the mess from which they now beg to be bailed out.

6. Start a pool to which Wall Street firms will “voluntarily” donate contributions to aid in the bailout. As we are so often told, our taxes are “voluntary” payments to fund the government; let Wall Street “voluntarily” aid themselves.

The above is far from a comprehensive list, however, it does provide a basis from which the Congress can start crafting some semblance of a viable bailout which will not favor the same gimlet eyed gamblers who benefited so handsomely while driving the economy off the cliff while further impoverishing the already stressed and strained taxpayer.

American Politics as Dr. Feelgood

You've been feeling down, seem to have a mass in your abdomen, and are having problems with defecation. So, you go to one doctor who examines you and tells you you have a tumor and must undergo serious, perhaps life-threatening surgery. So, you go to a second doctor who, after examining you, tells you it is nothing to be worried about, gives you a laxative and some pain pills and tells you to come back in 2 weeks if things don't get better.

If you are like the typical American, you accept the second diagnosis without further question, take the laxative and load up on pain pills. The American electorate hates nothing more than being told any “inconvenient truths”. We, the electorate, want to be told that, as in Lake Wobegon, “...all the women are strong, all the men are good-looking, and all the children are above average.” We certainly don't want to hear that we have been serially lied to and misled by both parties. We don't want to hear that, through our profligate lifestyle, we may well have fatally damaged our biosphere, that to even think about remedying that damage we will have to seriously change our evil ways. This obvious obliviousness is best demonstrated by the chant of “Drill! Drill everywhere! Drill offshore! Drill in ANWR! Drill! Drill! Drill!” As has been perhaps best illustrated by Sarah Palin who, like most of her Alaskan neighbors, is 4 square behind drilling in ANWR, ignore the fact that, at best, this would only temporarily and slightly ease the problem of gasoline prices, if at all. Even more distressing, that drilling and the continued and increased use of hydrocarbons will only worsen the climatic problems that are already being evidenced. Palin has no problem whatsoever in dooming the polar bears to extinction, as a matter of fact, she has been a solid supporter of mounting legal challenges to the designation of polar bears as endangered species. Additionally, she has offered up a bounty of $150 per wolf killed (they tend to prey upon the moose and caribou she so loves to hunt).

Americans love to have their egos stroked, especially by their political “leaders” by being told that they are “exceptional” as in “American exceptionalism”. It would be useful if we actually looked at the definition of the word first:

exceptional

Pronunciation:

\ik-ˈsep-shnəl, -shə-nəl\

1: forming an exception : rare

2: better than average : superior

3: deviating from the norm: as a: having above or below average intelligence b: physically disabled~ Merriam-Webster

Of course, we like to believe that we fall into the first 2 definitions of the word, however, we should realize that “exceptional” also means:

Synonyms: aberrant, abnormal, atypical...

We always want to hear our politicians sing paeans to the “exceptional” America where “...God shed his grace on thee, And crown thy good with brotherhood, From sea to shining sea!” and damn all those who would bring up such “minor” aberrations as the genocide and ethnic cleansing of the Native population, chattel slavery, manufactured wars (Mexican-American and Spanish-American) to facilitate land theft, etc. We certainly don't want to be told that any of our actions in our entire history have been anything other than beneficent. Of course, all of our wars, military incursions, sponsored coups, assassinations and other actions have always been for the benefit of others; never for the benefit of ourselves or the real owners of the political system, the wealthy and mega-corporations.

On those rare occasions when a politician does tell the American people the inconvenient truth, the American electorate immediately turns their back on that politician and raptly follows the current Pied Piper who will tickle their ego; even if this consists of pandering to the very basest of our predilections. And, like the patient who goes doctor shopping to find one who will tell them everything is OK, just take these pills and call me back later, we will be terminally surprised when we find ourselves dead on a slab because the “inconvenient” diagnosis of a tumor was correct all along.