I am no economist, historian, or political scientist or a conspiracy theorist but it seems to me that one of our most fundamental problems right now is that it is hard to continue the momentum of success in our country. The generations of the past were producers. They worked hard with their hands and built this country from the ground up. They didn’t have ipods, internet or a zillion other mind-numbing distractions to keep them fat and happy. If they didn’t produce something they would starve. They did such a good job that their descendants were able to receive from them great wealth and infrastructure. What set in was a level of comfortability and a lack of drive to produce goods that the world would find desirable and we changed from producers to consumers. As a result of our consumer mindset we now import far more than we export and we have leveraged ourselves in debt up to our eyeballs to do so. Now what we are seeing is a fatal combination of those who have never had to produce anything of their own or to put on the market in the precarious position of having to dig themselves out of a financial pit but they have no gumption. People still want to numb their brains with technological time-wasting devices and addictions in order to not face the reality that is before us.
We need a kick in the pants. We need to close our eyes to those things which distract us and open our eyes and see just how grave this problem really is. We need people to step up and produce a quality product again and for the free market to work itself out. Instead the government has found this the prime opportunity to do what some have wanted to do for a long time…nationalize everything. So they purchase over 80% of AIG and are now moving on buying stock in many other banks. In doing so they will be able to use our tax money and loans not only to buy up “toxic” debt (which is a horrible thing to do with tax dollars) but also to control the banks/their boards of trustees. Ultimately, those who control the purse-strings + have legislative and executive power can then freely push their agenda wherever they want it to go. They can withhold lending to companies they don’t like and do many other things that will suppress the free market in America and ultimately we will end up with a socialist system just because we felt we needed immediate help to work this situation out. We have chosen slow death over a rather painful but temporary and treatable illness. It should be an interesting next 5-10 years! Hopefully we can swing the momentum back to being a productive part of the world again.
Boy am I glad to be a Christian and realize that the kingdom I am part of is not of this world and will outlast anything the government or society can throw at it. God is good.