What fiasco would be complete without a listing of the key stooges responsible for this monumental debacle?
In order of responsibility:
1) The Fortune 100 Multinationals
- For engaging in industrial arbitrage (moving jobs and entire INDUSTRIES from the U.S. to overseas)
- For playing one country off against another and making damn sure there will never be a global labour or environmental standard
2) United States Congress
- For sitting on their hands for 30 years and looking the other way
- For selling out their country while pretending to be patriots
- For having the attention span of a coked up flea
3) Special Interest Groups
- For owning BOTH political parties and making a joke of democracy
4) Wall Street
- For carving up and selling off the United States of America
5) Alan Greenspan
- For presiding over the biggest credit bubble in human history
- For falsely believing in the all-mighty power of monetary policy
6) American electorate
- For electing Ronald Reagan and George Bush (Jr.), two unqualified morons. No country can survive that magnitude of incompetence over such a short span of time
7) The Baby Boomer Generation
- For being the largest group of assembled hedonists since ancient Rome
- For mixing, pouring and handing out the "Kool Aid" that made this fiasco possible
8) The Economics "Profession"
- For looking the other way as every basic rule of Economics is being broken
- For ignoring history and believing that "It's different this time"
- For having the credentials, but lacking the insight or comprehension to go with them
9) The Japanese and Chinese
- For pursuing an aggressive mercantilist trade policy against the United States
10) The Media and the CNBC financial cheerleaders
- To the Cramer's and Kudlow's for cynically pretending to care about your country, yet not giving a damn for 95% of Americans
- For spinning every story into a bullish tale for ease of public consumption
KEY NOTES:
1) I did not directly blame Bush or Reagan, as I don't believe either of those simpletons is/was capable of understanding the impact of their policies. They were just figure heads for the Special Interest groups who elected them
2) I did not directly blame Ben Bernanke, as he inherited this unholy mess; however, to the extent that he belongs to the broader community of economists, he shares blame for "not getting it"
