Distractions. Distractions.

Apr 27, 2011 | By: Mr_Blue | Tags: obama, bankruptcy, birth certificate, political system

We certainly don’t want to focus on the serious economic challenges that we face. We certainly don’t want to shake the confidence we have in our economic and political system. So, what do we hear from politicians and amplified by traditional media: junk about a birth certificate and what stupid thing someone from Alaska said about something.

Distractions. I seriously believe that if we heard more about the following items there would be a lot more civil disobedience:

  1. 19% of Americans have tapped into retirement savings for urgent financial needs. What is happening to change this? Nothing, unemployment is still high and most economic projections call for continued high unemployment.
  2. Unemployment is near 20% for some groups. What is happening to change this? Nothing, unemployment is that 3000 pound gorilla sitting in the corner that politicians want to ignore.
  3. 1 in 3 renters in Chicago (and 1 in 4 across rest of U.S.) spend more than half of income on housing expenses. What is happening to change this? Nothing, cost of living is continuing to increase and wage growth is stagnant.
  4. Americans depend more on federal aid than ever. What is happening to change this? Nothing, the article says that the trend will continue. But what little discussion outside the mundane in Washington and many states has been how to eliminate or diminish the social safety net.
  5. Food prices continue to rise. What is happening to change this? Nothing, we could end the subsidy of ethanol production. Ethanol is having an impact on the demand for corn.
  6. Gas prices continue to rise. What is happening to change this? Nothing, Saudia Arabia pretty much controls the price of oil and more domestic drilling isn’t going to change that.

These are very significant economic challenges but that are not being discussed by the plutocracy in Washington. Instead, besides the birth certificate nonsense, we hear more about deficit hysteria.

The political system is bankrupt. We can no longer expect nor rely on our elected officials to address our economic challenges. We must address these challenges and develop solutions ourselves. We can do this.

Good luck.

 

 

 

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