The Presidents of the 20th century and their handlers were big on names: FDR, the granddaddy of big government gave us the New Deal, Harry Truman the Fair Deal, JFK offered the New Frontier, LBJ’s definition of excessive government spending was The Great Society - after the political Frankenstein experiment known as the Carter Administration, Jimmy Carter, Ronald Reagan brought down those 20 percent interest rates and told us it was morning again in America. I’m not quite sure what Barack Obama’s minions have nicknamed the mess over which he’s, um, presiding but I’ll give it a shot how about the dysfunctional disappointment - that is what our government has become.
You can't spend much time on the web without a tempting invitation to open a savings account with American Express, paying me a whopping 1% interest rate. When I was a kid I can remember my father driving a half an hour because a certain bank was offering something like 12%on a CD and threw in a toaster or a color TV depending on how much you invested. Today a first grader could compound the interest rates; it doesn’t pay us to save - in part because all the government does is spend - much of that involving money we as a nation don’t have.
If you ever studied even basic economics, good luck finding what’s going on new in any textbook. The Dow Jones Industrial average continues it’s record climb ten sessions and counting as of Friday morning hottest the Dow’s been in 17 years. But why? We still have trade problems, a huge national debt, companies are doing more with fewer workers, American manufacturing is the preamble to the book of outsourcing. Fuel prices are dipping but still a major drag on corporate and family budgets. So what is driving the Dow…The stock bubble is expanding because the pros say they’re really aren’t too many options for your money…Bank interest is paltry…precious metals offer a great return..but the feeling is that bubble’s going to burst too…Plus…we have a congress and White House that only agree that lobster is a nice entrée for get together meals that bring no agreement. We still have thousands of brave troops in Afghanistan though the Taliban hasn’t made much noise…Iran’s working on a big bomb North Korea’s run by a porn addicted nut job…who thinks Dennis Rodman is Abe Lincoln..
If you believe the country’s in bad shape and you wonder how anyone would reward the guy in charge with another term, you might find the answer in the New York Times. One op ed columnist says it’s a matter of the national mindset changing. Gone are the days where we strived to get ahead. Now, we as a nation are satisfied with not falling behind so long as we have some kind of job, a smart phone, and reality TV and a government willing to pick up the tab when things do get tougher. Americans, like the economy, will just muddle along in the stagnant mode. Stagnation and complacency are hard to run against in the land of entitlements.
The question now with Republicans sentenced to four years in leadership limbo - have the guts to swallow hard and push for the cuts that will be inconvenient, even painful for a while, but could finally move to get us off the untouchable entitlement, oblivious federal spending? Marathon sequester - it rhymes with fester, which is what a stagnant economy will continue to do unless congress takes some bold steps and with their own belts tightened, state legislators take a cue from Washington.