
I read with astounding incredulity the MSNBC article written by John Schoen about the US economy entitled " Profit pressures could stall stock market rally--Coming wave of earnings reports will provide important economic clues"
(You can find it at the link below!)
My response to this article is perhaps "too honest", and that makes it, necessarily, "radical", because IF YOU TALK HONESTLY ABOUT ANYTHING IN AMERICA, I think they put you on the NO-FLY list or secretly take you to GITMO in the middle of the night, like the cowardly GESTAPO used to in 1937, because they are too afraid to do ANYTHING in broad daylight where there is a possibility of the so-called "transparency" of which government mumble-heads on CNN and C-Span are always yapping!
John W. Schoen's article provides a very quick summation of the symptoms of a recession weary American economy but I feel he is off the mark on at least a couple of key points: He writes "As consumers have gotten cautious, so have businesses". I don't think that there is a question of consumers being cautious. These so-called "consumers" don't have jobs or money! And I read on CNN's ticker (but with no story coverage) that AIG's top dog got a $10.5 million "bonus"--this from the VERY company which received so much FREE money, with no strings attached, in a downturn economy with more than 20 million jobless "consumers". Certainly China makes up for a good portion of America's immediate income, but THEY ARE FLUSH WITH CASH: Mr, Bush, the rogue ex-President who bull-dozed his way through two fraudulent elections, financed his family's personal vendetta AND A PRIVATE Rumsfeld-Bush FAMILY FUED against the Saddam Hussein family with American tax-dollars (which should have been used here to build our infrastructure), hijacked the American military in a FRUITLESS search for Osama bin Laden (All the Federales say, they let "Pancho" get away again, this time at Tora Bora!) and borrowed trillions from China to finance that fiasco, along with the meatgrinder in Afghanistan, leaving China as "The foremost lender" to not just the third-world, but the leading lender in the market place, and they are STILL searching for any venue to park those dollars, so as to make more money! China is now sitting in a position the Communists of 1949 had never foreseen in their wildest dreams, that they would become "the lender of last recourse" for when all other central banks fold up, China would still be "in business". They won the "Monopoly Game" which begun at Bretton Woods, and was EXTENDED into "overtime" with the formation of the European Union and the advent of the Euro--US dollar denominated stocks, bonds and financial instruments are plummetting to something nearer and nearer to "worthless" (under 80 Japanese yen to the dollar!) when companies like Boeing RUN AWAY from AND FLEE potentially violent employee-protesters (WHICH THEY royally SCREWED IN A most MADOFF-esque manner), by first shifting their headquarters out of the Seattle-area, to Chicago (in September 2001!) , and then later, clear cutting billions of acres of Carolina forest, to build a new facility in a union-free "right to work" state where they will build their Nightmare Liner, in a just-completed 342,000-square-foot building on 240 acres of what a year ago was forest (next to the airport) FROM NEWLY AQUIRED (July 7) Vought Aircraft Industries (which also makes the Airbus A320 & A360 in a "workshare" project! ) AND which potentially requires the laying-off of all their Everett, WA employees, because they can't compete with EADS and Airbus--their product is not only ALWAYS late, but inferior, requiring "recall", and THE REASON WHY MOST American corporations export jobs abroad, is that "abroad" is away from the long arm of the law, or of OSHA, the FLRB, worker's compensation, FICA, Customs and Immigrations, the EPA and numerous other potential "problems" or litigants which make for "a messy business environment". "Abroad" is a place like The Cayman Islands, where KBR, through their subsidary, hired Americans to work in Afghanistan and Iraq, building air bases, because IF THEY HIRE employees "OVERSEAS" they don't have to offer them Social Security (FICA)! America is NOT WORKING! Very little is manufactured here, except obfuscations. Everyone knows that American presently exports nothing, save misery! America is now a "business-free ZONE" as well as a "No fly Zone"--go ask ANY COMMERCIAL airline CEO how many Americans are willing to pay TOP DOLLAR for INCREASED BAGGAGE and MORE ABUSE at the AIRPORT this holiday season! I lay all of this incompetent mismanagement and top-heavy, invasive government intrusion into OUR LIVES at the doorstep of the nincompoop in Crawford, and that side-kick of his who ALWAYS TALKED OUT OF THE SIDE OF HIS MOUTH!
As long as America employs methods used by the old Reichsbank of 1924 to pay off debt BY PRINTING MORE MONEY, the net result will be joblessness, homelessness, rampant crime and corruption, graft, and a spiralling decline in America societal structure, which give rise to fringe and wacko religious groups clamoring for power to "fill the vacuum", or the hole of 9/11, which is STILL there-- Bush couldn't fill it, Obama can't fill it, two illegal and fruitless wars in Iraq and Afghanistan can't fill it, regardless as to how many dead Americans get packed into the soft Arlington, Virginia soil.