The overwhelming greed of a large part of America is coming home to roost -- and the waste from their precarious perches is messing up our economy big time. Lehman Brothers collapses, Merrill Lynch is sold in a panic. What is next in this Republican induced economic house of cards. Will the dominoes of greed made, bubble fueled, "emperor has no clothes"companies keep falling down?
Without a doubt, the "let the market run free" mentality of the Republican Bushites has helped bring us to this precipice. This administration has provided little supervision, (a process aided and abetted by McCain adviser Phil Gramm and his ilk when he was in congress, when the Elephants controlled everything), and greed has run rampant. People knew better, but without any supervision by the government, they did not DO better. The depravity of humanity shows forth in the form of unadulterated greed. And the Republicans want no safeguards, because they might "hinder the marketplace." Well, capitalism does not work well without some safeguards.
We must put some responsible adults back in charge of this country, such as we had with the Clinton economic team. One such brilliant, compassionate American is Robert Reich, former secretary of Labor and current college professor in California. He writes why we are in trouble. It all comes down to an economy that has lost sight of the importance of the middle class:
"As a result, typical Americans have run out of coping mechanisms to keep up their standard of living. That means there's not enough purchasing power in the economy to buy all the goods and services it's producing. We’re finally reaping the whirlwind of widening inequality and ever more concentrated wealth.The only way to keep the economy going over the long run is to increase the real earnings of middle and lower-middle class Americans. The answer is not to protect jobs through trade protection. That would only drive up the prices of everything purchased from abroad. Most routine jobs are being automated anyway. Nor is the answer to give tax breaks to the very wealthy and to giant corporations in the hope they will trickle down to everyone else. We've tried that and it hasn't worked. Nothing has trickled down.
"Rather, the long-term answer is for us to invest in the productivity of our working people -- enabling families to afford health insurance and have access to good schools and higher education, while also rebuilding our infrastructure and investing in the clean energy technologies of the future. "
Reich's prescription aligns with Senator Barack Obama's plan for America. McCain is more of the same. Obama and Biden bring hope for the future and a plan for tomorrow!
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