Our politicians can’t fix our economic problem, because few of them understand even the most basic economic principles. And the little they do understand is distorted by greed. Let’s review the effects of their ignorance.
The cause of the somewhat recent housing bubble was, at one level, ridiclously complex. But even a moron could see it was being fueled by reckless greed. Unless the moron was a member of Congress, and also fueled by reckless greed.
Each political party is desperate to blame the other side, and we’re left with no chance of doing anything meaningful to address the problems. I presume that Scott Adams is somewhat conservative, and that’s why he often writes for the Wall St. Journal. Here’s an excerpt from his recent blog post:
“Our economy is circling the drain and all we have is a plan to make a plan – one that we know in advance will either be ridiculous or, if sensible, rejected by Congress….”
“[D]onating to a politician or political party in this environment is as close as an ordinary citizen can come to treason. Political contributions broke the government, and a government that stays broken will doom the country.”
Mark Cuban, the businessman owner of the Dallas Mavericks, says pretty much the same thing on his blog:
“Why do we allow our elected officials to do the same things over and over again. You know the definition of insanity ? Doing the same thing over and over expecting a different result. We as a country are absolutely insane for thinking that another committee of politicians is going to be able to do anything different from what they have done before.”
Meanwhile, the next wave of greedy ignoramuses is lining up to compete for an extended stay in the Oval Office.
Rick Perry, the former governer of Texas said recently that the Chairman of the Federal Reserve is basically a traitor if he “prints more money.” Conservative humorist Ben Stein couldn’t take it, and went on TV to explain how ludicrous Perry’s statement was.
When will he go on TV to explain to Michelle Bachmann how ridiculous it is for her to claim she has the power, if elected (of course), to make gas prices in this country go down to $2/gallon?
The money that flows in our political system is a cancer, and the cancer has spread everywhere. Watching the current crop of political wannabes babble and shriek reminds me of the Planet of the Apes.
And the mainstream media is busy selling popcorn at their conveniently located concession stand.