Too Big To Fail?

The prevailing sentiment in America today is that we are ‘too big to fail'. Failure, in fact, is no longer an option. It is off the table. So if there should be a failure, the task is not to find out why, reverse course, and try again; but rather to clothe failure in some semblance of success by introducing such terms as ‘new norm’, ‘outright lie’, and ‘unexpected’. Metrics, like ‘consumer confidence’ and ‘jobs saved’, come to the fore as being the lynchpins in maintaining the illusion of life in what is essentially dead.

As such, we overlook the fact that our government has failed, that our economy is failing, that our media and system of education are not doing the job despite the billions poured into them. We also overlook overwhelming public sentiment that we are fooling ourselves and projecting an image that is paper thin where substance is concerned.

We spend huge sums on Super Bowl half-time shows that are bereft of talent; and, as such, embarrassing. The person hired to sing our National Anthem never even bothered to learn the words properly.

Our economy has become so much paper-mâché, it would take a mere breeze to punch through it. All the signs of pathology are there in plain sight. A house bought in 1960 for $36,000 has not been improved or grown in size. Yet, on today’s market it would fetch 10 times as much. Same with cars, a gallon of gas, milk, cigarettes - you name it. Nothing has essentially changed. A house is still a house, a car is still a car, milk is still milk, etc. What has changed is the money it takes to buy these things. It has lost value. It has become wholly arbitrary, relative to the value of any given item.

Money is the only metric it is still possible for us to manipulate; to give the impression that we are doing well. The ‘fixes’ have become wildly irrational (the HuffPost-AOL deal, for example). People no longer have confidence in what we’re doing is right. They’ve decoupled. They’re sitting on their hands, hobbled by uncertainty, distrust, and a sense of revolution. This is something taking place within our own country right now - that no one wishes to acknowledge. It’s a bloodless revolution, but no less effective. And it will ultimately bring the house down.

It no longer matters what Bernanke does, or how much or little he does. It doesn’t even matter if he’s there or not. Ditto, Obama. What matters is that the people are no longer behind any of it. And, without popular support, the whole system winds down and descends into chaos.

There is now some question as to if it’s being done deliberately or not. It might just be that America’s enemies are riding a wave, claiming credit.

In a world turned upside-down, the relative vitality of a thing is now measured by how much enthusiasm can be drummed up to destroy it. This would put Hosni Mubarak right up there, along with Sara Palin and Michelle Bachmann.

http://pkoelliker.blogspot.com/