Four More Weeks and A Mushroom Cloud
With a little luck, and we could use a lot of it right now, four weeks from tonight we will know who will be the next president of these United States. It’s been a long campaign, more than a year, and while, regardless on which horse your money’s riding (assuming you have any left - money, or horses, for that matter) and while we’re all ready to gallop (or Gallup) to the finish line, it’s important to remember that today marks an extremely significant date that, despite crumbling markets, savings, and hope, needs never to be forgotten. Tomorrow, again with a little luck, we can call today the day that Barack Obama defeated John McCain in the second of their presidential debates, and essentially secured the presidency. But today, we must remember that exactly six years ago, George W. Bush delivered his historic “Mushroom Cloud” speech.
Three thousand six words that crescendoed with thirty four words that, much like the argument about last week’s $700+ billion bailout, was the “slam-dunk” argument convincing Americans that the risk of not going to war far outweighed the risk of going to war:
For many Americans, including myself, the image of a mushroom cloud, perhaps over my home in my beloved Manhattan, was far too compelling to ignore any longer. And Bush did succeed in taking us to war, through fear and intimidation, but with little facts, as it now appears he has succeeded in taking us to the cleaners, through fear and intimidation, but with little facts.
Though early in the race, we are already seeing signs of success similar to those we saw under his calamitous reign over the war: huge drops in the markets, worldwide, loss of confidence, worldwide, loss of personal net-worth, worldwide, loss of jobs, worldwide. Yesterday’s (albeit somewhat recovered but nevertheless historic) 800 point drop in the DOW, Russian markets having to close twice, even the fact that the second most-Googled term right now is “commercial paper”, leads anyone to believe that we are in for a long, cold winter, and unfortunately spring, summer, and fall.
No one is expecting any economy to recover in the near term. Bush’s fear mongering has become a self-fulfilling prophecy, although not in the form he predicted. He has been wrong on every count. There were no weapons of mass destruction. The markets essentially collapsed despite passage of the $700+ billion bailout bill. We learned Friday that another 159,000 jobs were lost in September, the ninth straight month of job losses, adding up to three quarters of a million lost jobs this year alone. Unemployment stands at a staggering 6.1%. On his Sunday talk show, John McLaughlin predicted next year unemployment will go over 11%.
Have no doubt, Americans now have images of bread lines entering their heads. Right now, 60% of Americans “believe another economic depression is likely“. There is a huge rise in the use of the words “fear” and “panic” in the media. And for all this, we have Mr. Bush’s incompetence, ignorance, and lack of intelligence to blame. Right now, I pray for an “elite president”.
By the way, President Bush had the audacity to quote John F. Kennedy in the very next sentence of his “Mushroom Cloud” speech.
If only Bush had listened to the words he had repeated. Let me leave you, and President Bush, and Senator McCain with another quote from John F. Kennedy, from his inauguration in 1961:
There is such a lapse of reasoning when people talk about their candidates. Something that should be intellectual is all too often handled from an emotional place. This approach has gotten us into this pickle. Mediocre minds threatened by the intellect of Gore went for the frat boy with a silver spoon because he was the ‘one you’d want to have a drink with.’
With such flawed reasoning infecting our zeitgeist, it’s no wonder that we see our fortunes diminishing before our eyes.
We really need to wake up and get over this fear of the intellectual.
sean808080
http://sean808080.com
Sean,
Thanks so much for your comment. And you’re absolutely right: “We really need to wake up and get over this fear of the intellectual.”
It is amazing to me how many people are willing to make the same mistake again because somehow, at some point, the test for governing changed. I don’t know, perhaps all the leadership dogma we were fed in the ’80s led to it. But it has to change. I don’t want to have a beer with my president. I want my the value of my portfolio to come back, my friends and family around the world to be happy and safe, and I want to know that the person in the White House is a hell of a lot smarter than I am!
Thanks again for your visit and your thoughts.
David
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