Saturday, June 25, 2011
What a crock
So much of what the Lame Stream media would have you believe is a crock. Republicans running around like chickens with their heads cut off touting the the end is near unless we nearly eliminate all of government. Interestingly they weren't worried about debt when they occupied the oval office with 2 wars and tax cuts for the wealthy. And those on the other side of the aisle seemingly wringing their hands in a "what will we do attitude?" It's all a crock. The boys on Wall Street have already told both parties there will be no default. This is but Kabuki theater. A mere game to score political points. The teabagger crowd would love nothing better than cut all social programs as long as it's not theirs'. How completely stupid is it to say they want nothing to do with a government run health care plan but 'you better not touch my Medicare' which as we all know is a government run health care plan?
Even our president doesn't have a complete grasp of the economics of the work force. In a recent trip to Pittsburgh Obama was touting the need for manufacturing jobs. All well and good on the face of it but think of the long term ramifications. In touring the robotics department at Carnegie Mellon university he was in awe of the progress of their robotics program. Robots could be created to do every manner of manual labor. But there's a short sightedness about all that. Once built a robot could easily do the work of many and the need for labor diminishes. Then once robots are built to build and repair robots what need is there for humans? This is I believe something of a lemon theory also called the law of diminishing returns. Squeeze a lemon long enough and eventually there's no longer any juice to be had. I have witnessed first hand this theory over the past 20 years. When a task used to require three dozen people now takes six or eight this is a great advance in productivity but not so good for the 30 people left on the sidelines of the work force.
What's truly disheartening in all of this is that we have the laws in place to rectify many of our economic short comings yet there seems to be a disdain to actually enforce these laws. It makes one wonder exactly who is in the background pulling the strings but we only have to look no further than Wall Street and their ilk to know. But Wall Street has become such a generic term with no real faces upon which to put the blame. And with the largest theft in world history there's no question about where much of the blame should fall. Notice how only the low hanging fruit were given so much as a trial and are now serving time. And if memory serves correct that's only one or two individuals.
What a crock indeed.