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Our World Tomorrow 12/27/08
While many view the turning of the year as a time of reflection by remembering who has passed, commenting on the top news stories or republishing the best pictures of ‘08, I rather reflect on what the New Year is going to bring. My reflection on 2009 is based, of course, on what much of 2008 happened to bring us. In many respects, 2008 was a pivotal year in politics and economics in that what happened in those two arena’s, will change our lives more so in 2009.
In a very real sense, politics and economics have become one in the same and will remain so over the course of the nest year or more. As the economic climate continues to worsen, our economy will be the political topic.
What Obama should do, but won’t.
Everything the Bush Administration along with our Congress has done to date to try to solve our economic problems has failed. The stimulus checks, foreclosure relief and all the Bailouts have not worked. Why? Because they were done without thought, thinking a quick fix would solve the problems, or at best alleviate the fear, not of Americans but of Wall Street. So, the question is, where do we go from here?
First, there needs to be a fluid plan of action, with specific economic targets. Second, there needs to be accountability, and third, new business models need to be implemented.
Obama needs to lay out a dynamic, fluid plan of action. A plan that’s capable of changing as economic trends develop. We already know a credit card crunch is on the horizon, but why are we waiting till after the election, or worse, till it hits us full force, to plan for it? By specifically targeting this coming crunch, you might be in a better position to deal with it. Another specific target is the construction Industry, more so, residential and to some extent, commercial construction. The truth is, the burden of much of our housing crises rests squarely on local governments. Our city councils never stopped to ask all these contractors who were going to buy all these quarter million dollar houses they were building. All our local council members saw, was an increase in their Tax Base. And when no one bought all these houses, guess what? Banks started giving out loans to people who couldn’t afford them.
Essentially, the housing collapse was the result of a set of perfect coincidences, or better, the gathering of a perfect storm.
The belief that our business model will self regulate for the good of the American people is false. The belief that major corporations and business in general will behave in a responsible fashion, is false. Responsibility and Accountability are two separate words with differing weights. Responsibility without accountability is not responsible. To give aid in the billions of dollars and not know where the money went is irresponsible. To give aid in the billions of dollars, and to know how it was spent, and not hold those accountable, is an insult. Accountably comes in two forms, regulation and legal action, both should be enforced.
There too needs to be a renewed sense that what is good for business might not necessarily be good for America. The clarion call that Business in the form of major corporations and our global market is the be all, end all definition of our Nation, must end. We are more than the sum of our bank accounts. Our financial profiles should enhance who we are as a Nation, not define who we are as a Nation. Too often, the need for profit does more damage than good because that damage is limited to a select few or a select market segment, it is deemed acceptable.
The truth is as I stated before, politics and economics are inseparable. The larger truth is that nothing will change economically until it first changes politically. That means that we need politicians that change how politics has been driven in the last generation. The answer here is simple to articulate but near impossible to implement. We need our leaders to put their constituents first, plain and simple!
Without a fluid plan of action that’s founded in common sense and is benchmarked, and without accountability or a sense that our Nation is more than our economic profile, nothing will change and the hardships will continue to grow until everything breaks apart.
I suspect as much as our new administration might want to do something tho change things, the hidden powers will not allow it. The irony is, they very well might destroy themselves, and our Nation.
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