Sorry that my posts have been less frequent. It isn’t that my views have changed. It is more apparent that America is on the road to certain destruction. There is no turning the ship around. Obama who was my choice in the last election is a smart person and doing the best that anybody could probably do, given the constraints he believes in. Obama is trying to fix the present system. He has selected people like Geithner and Summers to help him in this regard. It isn’t going to work. It is certain to fail.
Republicans are even more out of touch with the harsh reality of the destruction of America. Republicans think that all solutions begin with tax cuts. If the implications of massive tax cuts were not so horrible, it would be interesting to see those policies implemented. Unemployment would zoom and businesses would fail. The only thing that is preventing that from happening is the massive spending by Obama. Obama knows that he cannot spend like this forever but he has no other choice (that he is willing to embrace) to keep the system going.
In the end the system is all going to collapse. There are just not enough jobs and the jobs that America needs cannot be created either by capitalism or the government. It is the lack of jobs that will prevent a sustainable recovery. The Obama spending is only going to help for a limited amount of time. Either the Republican argument will prevail and they will get back in power and slash taxes and spending. Or, the Obama spending will bankrupt the country. Both plans will fail. There is no plan to get America out of this malaise that will actually work. No plan can address the need to create a massive number of living wage jobs in a climate where technology is the biggest job destroyer in history. Plus, using technology that entire world can be used to fill those jobs and there are gigantic discrepancy of pay throughout the world — the US is one of the highest.
After the financial system fails then it can be rebuilt using a socialistic model. Everybody will be guaranteed a living wage and everybody will be required to work. The government will help everybody find a job that cannot find one. If there are no jobs then the government will just create them. There has never been a lack of work, only a lack of the capitalism system of figuring out how to profit from the work that needs to be done. Capitalism cannot make a profit at many types of work — many times it requires the government to finance it. For example, capitalism would never create a prison or build a road. It would never pay for policemen or firemen. All of these things are needed for the “public good” and capitalism certainly benefits and will bid on the contracts. But the money comes from the government.
America is doomed.
