Below the Fold...
My fellow Americans, we can’t continue in this mode of “Dumb as we wanna be.” We’ve indulged ourselves for too long with tax cuts that we can’t afford, bailouts of auto companies that have become giant wealth-destruction machines, energy prices that do not encourage investment in 21st-century renewable power systems or efficient cars, public schools with no national standards to prevent illiterates from graduating and immigration policies that have our colleges educating the world’s best scientists and engineers and then, when these foreigners graduate, instead of stapling green cards to their diplomas, we order them to go home and start companies to compete against ours.
To top it off, we’ve fallen into a trend of diverting and rewarding the best of our collective I.Q. to people doing financial engineering rather than real engineering. These rocket scientists and engineers were designing complex financial instruments to make money out of money — rather than designing cars, phones, computers, teaching tools, Internet programs and medical equipment that could improve the lives and productivity of millions.
I think though the problem is not only where we emphasized our efforts, and one could make some pretty effective arguments against the amount of IQ actually on Wall Street considering our current financial woes, it's that intelligence and discourse have actually become things to be reviled in America. If you're too smart, you're an elitist. Heard that before? Yes, we should feel bad about actually be curious about the outside world and taking the time to actually learn a thing or two about it, like say where other countries are on a map. Here's to hoping the country takes a drastic course correction on Jan. 20th.
Labels: current events, politics

1 Comments:
Hi Z! Nice to see you blogging again (which is more than I can say for myself). Hope you're doing well, dear friend. Here's my two cents.
Although at first glance, it seems like the bailouts are excusing bad behavior, I don't think it was quite so lame. The economy is, more or less, in a state of emergency. So instead of long-term solutions, government had to come up with a band-aid solution. It's like a sinking ship, say, the Titanic. Friedman, to me, is a passenger screaming at the crew, "You, idiot, you should've seen it coming!" or "You should've built a better ship!" Maybe he's right, but right now we're on the verge of sinking. How do you build a better ship when you're already in dire straits? You don't; you save what you can, count your survivors, then deal with it post-wreckage. Sad, but true.
As a capitalist economy, what the government is trying to fix right now is capital. The bailouts were meant to encourage the continuation of small business loans, save jobs, and boost consumer confidence; not merely to save foolish bank execs.
With that said, I do think Obama is doing the best he can to improve infrastructure, part of why he was elected anyway.
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Ellen, At
6:31 PM
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