Where are the leaders?...
Demagogues in the US are unwittingly leading us to revolution.
Americans are looking for leaders and finding only people with over-sized egos implementing political strategies to win popularity contests. We've been through five years now of the Great Recession that never really ended and appears to be resurfacing in a Double Dip. Many people are recognizing these terms are euphemisms and if we have not been in another Great Depression similar to the nineteen-thirties then we are headed for one. More than likely we have already begun a "Depression within a Depression" replicating 1936-1937. The terms really do not matter since the conditions are the same and storm clouds are gathering that portend something unheard of a decade ago and that is revolution. The term itself invokes fear but thinking about it, how much worse could that fear be than the fear based autocrats and technocrats that run our country now?
We are not only in an economic crackup of historic proportions but a social and political one as well that occurs in cycles every 60-80 years and every 300-500 years. In the long view of history we will be seen as one of the societies that went through both simultaneously. The times we live in are truly epic and not in the trite sense of the word nor of the garden variety cycles of history that repeat themselves in oft-quoted Santayana admonishment. A polymath who sees underlying problems with resolutions to be implemented in a well thought out way does well to understand that is not possible in epochs of radical change. We are on a road to some sort of revolution and sensibly organizing something such as a Second Constitutional Convention is likely only in aftermath. The deconstruction caused by a technological, economic, political and social disruption must come first.
When that occurs no prognosticator knows, only that surely it is coming and the general period of time but not the day and hour. In 2012 it seems the time is quickly drawing nearer. The average person regardless of their social intelligence senses these things and feels the winds blowing in sea change. What more pragmatically is there to know really? There are two ways to be led in times such as this: with inspiration and hope or with despair and fear.
Our current politicians are operating in the second mode, fear-mongering and blowing dog whistles to rile up all kinds of fears to stir people up and move them to their campaign and raise their donations. Perhaps the Democrats have leaders somewhere hidden in their lot but we don't know since they are not having a primary and not proffering any up since their nominee is a foregone conclusion. Their representative is not a leader and falls short in categories too numerous to mention that reveal themselves daily. Whether he is a likable or decent person to the beholder is irrelevant but the low caliber of the work he is performing is.
We find ourselves in an election season with a population that at a minimum is uneasy and unsure of what is happening in our country, generally burned out from this lengthy so-called Recovery that wasn't, genuinely concerned about the future short and long term. What do we get in return from the political class? A parade of clowns, trapeze artists, show ponies not fit for even a third rate circus all pandering to the lowest element and basest of emotions. Most people are tired of hearing about both the social progressive and social conservative agenda. They want to live their lives with some real hope and belief that things will one day get better. We may be in a bad spot that will take a long time to get out of but they want a leader who says "Yes we can rise above and work together" and not "my opponent is a jerk out to screw you." It's really that simple.
How this election season plays out in each act no one can predict but I'm willing to bet that the forces are already moving the average person to turn all the crazy negativity off. They will stop being complacent, halting the train of the loud mouth social progressives and social conservatives that are shouting down and drowning them out. It is reminiscent to me of Nixon's "Silent Majority" who did go out and vote for him because they wanted the merry-go-round to stop and they were tired and weary. Right, wrong, good, bad or indifferent he represented that to them. Will there be anyone to rise out of the Republican primary ashes to capture that sense? It's hard to see it but we will have to see.
My sense of it at this moment in time is the leaders are not there or are not willing to step forward and in some sense I can see why they wouldn't. There is no palatable way that much of the voting public can accept at this time the difficult and hard sacrifices that must be made to turn our economy around and our politics and society to some semblance of what America is supposed to be about. My prediction is that the current Administration will continue to make alienating bubble headed decisions that turn off even his own base and in return the Republicans nominate someone so far out in right field that the average American won't go for them. If they decide to vote who it will be for is going to be a difficult choice and my suspicion is whoever wins it will be by some default.
Our largest concern really isn't the crazy antics of the candidates themselves but the crazy billionaires crafting plans behind the scenes. They are the ones reigning over the concealed tyranny we are subjected to. To my way of thinking having two candidates that are not palatable to the majority of the country is probably a good thing in a seemingly bad way. It forces the average person to get active with their anger and strong arm the hands of the political and bureaucratic classes by submitting them to the will of the people rather than the other way around. The purpose is the neutering of the lobbying and billionaire money behind them and in the aftermath force that Second Constitutional Congress. Sounds like revolution? Yes it does, it's the real hard work, very doable and not as scary and violent as it sounds.
Showing posts with label double dip. Show all posts
Showing posts with label double dip. Show all posts
2/9/12
5/13/11
Double Dip Storms & Tornadoes
Economic Meltdown?
http://youtu.be/H8GHuyngLZM
Video response to "Mortgage Foreclosure Tsunami 2011" http://youtu.be/Ze9MyGB2tBc
http://youtu.be/H8GHuyngLZM
Video response to "Mortgage Foreclosure Tsunami 2011" http://youtu.be/Ze9MyGB2tBc
Labels:
crash,
currency crisis,
Depression,
double dip,
economics,
food,
foreclosures,
gas,
GDP,
gold,
inflation,
JR Snyder Jr,
meltdown,
mortgages,
Recession,
stock market,
supply chain,
unemployment
5/11/11
The Economy is Tanking Again
Don't let it sink you...
Quotable President Harry Truman said "It's a recession when your neighbor loses his job; it's a depression when you lose your own." People can quibble all day what this economic era is called but it won't really have its own name until it's written past history. Recession, Depression, Disruption, take your pick, it's irrelevant in the here and now. What the average person really knows is for most people things aren't getting much better. For many it's taking a turn for the worse while some are pulling out of it and at least beginning to break even. Very few people are untouched although there are a some who doing well.
It is clear that generally for most people in Arizona the economy is not improving much, if at all. The optimistic projection of economists at the WP Carey School of Business of ASU is that it will be at least three years before we even begin to see a turnaround in our economy. Real people and businesses know better. We've been particularly hard hit by the real estate and mortgage foreclosure tsunami, with the first quarter results of this year being much more dismal than anticipated, both on the real estate sales and foreclosure fronts. Unemployment is technically just below the national average but that does not include people who have given up looking for work and the underemployed. Although there are jobs listed, they are too few for the number of people applying for them and most people are not qualified for these jobs and they don't pay very well. We have lost more quality jobs than we have gained in all jobs. Gas and food prices are going higher and people are running out of savings and credit while inflation for necessary items is increasing.
The danger seems to be systemic unemployment and that affects income which in turn affects business and tax revenue. It doesn't take a genius to figure that out. The real danger to those who are long term unemployed or underemployed is not just losing skills but the effect it can have on the mind. This has been called a "man-cession" since unemployment has statistically hit men harder during this economic downturn unlike in the past. Since men still tend to identify themselves (and increasingly women) in terms of the work they do and associate it with their self-worth, the hazard of widespread psychological and subsequent social problems is pretty high.
That is a trapdoor.
As difficult as it might seem with little money and limited resources it is critical to stay physically occupied and mentally challenged to avoid conjoining psychological depression with an economic one. I see this as a looming social problem for the country as a whole. That should serve as warning to anyone that it is a state of mind to avoid. Large numbers of people may fall into this trap but that doesn't mean you have to. The English idiom "where there's a will, there's a way" applies here. If we are determined not to fall into a trap and do something about our situation, then we can always find the means and approach to do it.
The challenge then is for people who do not want to become stagnant, depressed or lose skills to figure out how to rise above the crowd and do something constructive with the time involuntarily thrust into their hands. Every person is different therefore personal solutions are not the same. My belief is that anything you can do during this time period to occupy your body and mind will pay off in the long term. Anything you do from tutoring what you know to learning more about something you don't know will lead to possibilities. Standing still will not. The smart person will distinguish themselves from the masses that do nothing by becoming occupied with meaningful activities.
Eventually this economic downturn, whatever it is named, will end. When it does those that did nothing will continue to do nothing and those that did something will be doing something better than before. The new normal will become real normal and living will get much better. It always does, it is part of the human condition. The important thing to understand is this economic interim will become past history and when it does the future will become the present. You will be glad you prepared for down the line when it arrives, since you did not give up during this difficult time now, no matter what it ends up being called.
Quotable President Harry Truman said "It's a recession when your neighbor loses his job; it's a depression when you lose your own." People can quibble all day what this economic era is called but it won't really have its own name until it's written past history. Recession, Depression, Disruption, take your pick, it's irrelevant in the here and now. What the average person really knows is for most people things aren't getting much better. For many it's taking a turn for the worse while some are pulling out of it and at least beginning to break even. Very few people are untouched although there are a some who doing well.
It is clear that generally for most people in Arizona the economy is not improving much, if at all. The optimistic projection of economists at the WP Carey School of Business of ASU is that it will be at least three years before we even begin to see a turnaround in our economy. Real people and businesses know better. We've been particularly hard hit by the real estate and mortgage foreclosure tsunami, with the first quarter results of this year being much more dismal than anticipated, both on the real estate sales and foreclosure fronts. Unemployment is technically just below the national average but that does not include people who have given up looking for work and the underemployed. Although there are jobs listed, they are too few for the number of people applying for them and most people are not qualified for these jobs and they don't pay very well. We have lost more quality jobs than we have gained in all jobs. Gas and food prices are going higher and people are running out of savings and credit while inflation for necessary items is increasing.
The danger seems to be systemic unemployment and that affects income which in turn affects business and tax revenue. It doesn't take a genius to figure that out. The real danger to those who are long term unemployed or underemployed is not just losing skills but the effect it can have on the mind. This has been called a "man-cession" since unemployment has statistically hit men harder during this economic downturn unlike in the past. Since men still tend to identify themselves (and increasingly women) in terms of the work they do and associate it with their self-worth, the hazard of widespread psychological and subsequent social problems is pretty high. That is a trapdoor.
As difficult as it might seem with little money and limited resources it is critical to stay physically occupied and mentally challenged to avoid conjoining psychological depression with an economic one. I see this as a looming social problem for the country as a whole. That should serve as warning to anyone that it is a state of mind to avoid. Large numbers of people may fall into this trap but that doesn't mean you have to. The English idiom "where there's a will, there's a way" applies here. If we are determined not to fall into a trap and do something about our situation, then we can always find the means and approach to do it.
The challenge then is for people who do not want to become stagnant, depressed or lose skills to figure out how to rise above the crowd and do something constructive with the time involuntarily thrust into their hands. Every person is different therefore personal solutions are not the same. My belief is that anything you can do during this time period to occupy your body and mind will pay off in the long term. Anything you do from tutoring what you know to learning more about something you don't know will lead to possibilities. Standing still will not. The smart person will distinguish themselves from the masses that do nothing by becoming occupied with meaningful activities.
Eventually this economic downturn, whatever it is named, will end. When it does those that did nothing will continue to do nothing and those that did something will be doing something better than before. The new normal will become real normal and living will get much better. It always does, it is part of the human condition. The important thing to understand is this economic interim will become past history and when it does the future will become the present. You will be glad you prepared for down the line when it arrives, since you did not give up during this difficult time now, no matter what it ends up being called.12/30/10
Economic, Social and Geopolitical
Mortgage Foreclosure Tsunami...
Delayed and forestalled Double Dip will occur in 2011
http://www.youtube.com/watch?v=Ze9MyGB2tBc
Reference:
"Home Prices Are Still Too High" by Peter D. Schiff WSJ (subscription required) http://online.wsj.com/article/SB10001424052702304173704575578190261574342.html
"Dr. Doom Predicts Another $1 Trillion In Housing Losses" [Nouriel Roubini] NYT
http://dealbook.nytimes.com/2010/12/06/dr-doom-predicts-another-1-trillion-in-housing-losses/?ref=foreclosures
"US mortgage foreclosures rise sharply" FT.com (subscription required)
http://www.ft.com/cms/s/0/3825f4b8-1387-11e0-a367-00144feabdc0.html#axzz19iRnoxL6
Delayed and forestalled Double Dip will occur in 2011
http://www.youtube.com/watch?v=Ze9MyGB2tBc
Reference:
"Home Prices Are Still Too High" by Peter D. Schiff WSJ (subscription required) http://online.wsj.com/article/SB10001424052702304173704575578190261574342.html
"Dr. Doom Predicts Another $1 Trillion In Housing Losses" [Nouriel Roubini] NYT
http://dealbook.nytimes.com/2010/12/06/dr-doom-predicts-another-1-trillion-in-housing-losses/?ref=foreclosures
"US mortgage foreclosures rise sharply" FT.com (subscription required)
http://www.ft.com/cms/s/0/3825f4b8-1387-11e0-a367-00144feabdc0.html#axzz19iRnoxL6
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