Let's fast forward four years into the future. It’s 2012; Obama has hopfully been ousted, prefereably exiled to an island; the democrats were all voted out of office and the new Treasury Secretary is asked to explain the economic situation to an anxious and worried U.S. Congress:
"We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong … somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises ... I say after [the term of] this Administration we have just as much unemployment as when we started … And an enormous debt to boot."
This is not my dream of what some future politician would say; Henry Morgenthau said this on the Congressional Record in May 1939 (what we would call the House Ways & Means Committee). Henry Morgenthau was the U.S. Treasury Secretary under President Roosevelt. He was in charge of implementing Roosevelt’s New Deal policies and after
seven years they had produced no positive changes in the economy. In fact, by May 1939, the national unemployment rate had once again climbed above the 20th percentile.
Looking to 2012, it may be an ironic twist that those who favor Obama the most and voted for him almost totally may be the ones most angry with Obama as they stand to lose their government handouts as we go bankrupt. I also see third party emerging in the "tea parties" as folks like me aren't happy with Repubs or Dems. Similar to emergence of Republican party before civil war. That was a similar time to this, when 2 parties didn't listen to the desires of the people. Either that or we will have 2nd civil war as "Southern States" and Alaska have no desire to go down socialist path. Also Israel will have taken military action to thwart Iran nukes as Obama has no clue about foreign policy. Either way, between now and 2012, we will have a rough patch. People think it's rough now, they don't remember the 70's, the "misery index" etc. It's not even bad yet. There is also that "Mayan Calendar" issue to get through in Dec, 2012. These are my predictions for where we'll be in 2012.
ReplyDeleteYou posted on my blog last week, so I returned the favor. We are like minded as you said
(Joel) PoliticalFaith@wordpress.com