The out of touch world
inside the Washington
Beltway
The more I read about the U.S. Government’s
view on what happened to the Economy in 2008, the more I am convinced that
there is a rather large Ostrich Farm located within the confines of the
Washington, DC Beltway. The Beltway is
the area inside the I-495 highway that circles the Nation’s Capital. Within
this circle reside our federally elected officials and an enormous number of
Government employees. These good folks seem to be of the mind that all is truly
well with the Union; after all, the President told us it was back in January. I
can understand a little of their “head-in-the-sand” mentality, but, come on. Someone
there must watch the News, or C-Span, or some form of media that gives them
some sense of where the American Public stands on issues as large as the Economy.
As I’m reading “Foreign
Affairs” (Jan./Feb. Issue), I realize that the article I’m most interested
in is written by an ex-U.S. Deputy Treasury Secretary. I figure
that, now that he’s out of the political circus, he may actually be in touch
with reality and make a rational argument for his theme, “The Fall and Rise of
the West”. And, then I hit upon the excerpt below:
“While the grim effects of the
2008 financial crisis still resonate across the globe, the recession wasn't all
bad:” [1]
“…the recession wasn’t all that
bad..?.” If it was just a recession, perhaps it would not have been that bad,
but we encountered a modern-day Depression: not a recession. Anyone who was
paying attention will agree. A look at the real numbers will tell you right
away that our Financial system, backed by our Corporate giants, brought this
Country and the entire World to its knees. Since its inception in 2008, this Depression
has effectively bankrupted the Economies of some heretofore stable Countries;
Greece, Spain, Great Britain, Russia, Japan, the United States, and Mexico to
mention a few.
“…the result is a U.S. economy poised to emerge stronger
than it was before...” [1]
We have a “bought-and-paid-for”
Congress that keeps trying to secure our National slide into the gutter. We
have a large group of “higher moral” States that feel they, too, can run
roughshod over the American Public. All this is fully supported by a relative
handful of U.S. based multinational Companies, and their puppets in Washington,
DC. If you doubt this for one second, I refer you to ALEC,
the American Legislative Exchange Council.
Here are a few demographic
numbers that will bear out an argument for Depression:
BLS = U.S. Bureau
of Labor Statistics
Who would
ever have thought that the Carter years saw the highest manufacturing
employment years? (almost 20 million jobs) There are figures that some believe
describe the true unemployment rates in the U.S. (the SGS Alternate) With the true unemployment figures alone, this
statement is ridiculous.
SGS = Shadow Government Statistics
Definition
of an Economic Depression:
1. a decline in real GDP exceeding 10%, or
2. a recession lasting 2 or more years.
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Still, none of
our financial “leaders” have been indicted, stood trial, or gone to jail.
Foreign
Affairs Publication, Jan./Feb., 2013
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