Obama Thinking Out Loud

Bottom line: We’re flat broke. We don’t have the money. We’d like to carry on as before. We’d all like to stop at Starbucks for our morning coffee, but our wallet is empty. We’ve turned off the cell phone, because creditors are calling us every hour. They’re worried they won’t ever get paid back.

We’ve been broke for a long time. If I remember correctly, it started with Bush. The point is, it didn’t just happen overnight. For a while, friends would still spot us a couple of bucks for that cup of brew. If nobody happened to be around, the girl at the counter would let us have one simply for a promise and a smile.

Gotta cut back, but we also gotta keep up appearances. We’re the recognized leader of the Free World, after all. It simply won’t do to suddenly show up dressed in sack cloth.

Everybody agrees the economy is heading south. In fact, it’s so far down already, there’s really no longer any fix - nothing the public would go for anyway.

When things get this bad, the trick is not to give in to it. You do it with smoke and mirrors (Did I say ‘smoke‘? God, how I hate being married!); you try to give the impression that everything is still on the up and up. Sometimes, you’ve got to tell lies - like the one about ‘jobs saved’ (boy, was that one was a doozy!) The folks bought it all the same, at least I think they did - and now I’ll tell them we reduced the budget by a trillion while only increasing it seven times as much. (Damn! I’ve run out of space.) It’s technically true; we could have increased it by eight.

Checked in with ‘The Man’ this morning. He said, “Just keep going. You’re doing fine. Tell them about high-speed trains. They’ll like that.” Actually, I’m beginning to wonder just exactly what he’s up to.

Anyway, I still got the press drones out there, endlessly repeating that bit about ‘green’ jobs and how the economy is turning around; and how everything will work out as soon as Bush’s tax cuts expire - say what?

http://pkoelliker.blogspot.com/

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/