Tuesday, November 25, 2008


Wall Street November 2008

What can one say about the last few months? Everything has happened so quickly. Barriers have collapsed. Truths revealed. Rhetoric many thought was gospel has been debunked. Freedman is out. Keynes is in. Deficits have replaced surpluses. Banks have collapsed. The US. Secretary of the Treasury behaves like a deer caught in the headlights of an oncoming semi-trailer. The President-elect and his team begin to govern two months before he actually takes office, because the current President is paralyzed and irrelevant and everybody knows it.

A black man whose middle name is Hussein and whose last name is easily confused for one of the great villains in American history is President of the United States. Wall Street has been finally exposed for avarice the world has seldom known. It finally dawns on us that a repugnant sense of greedy entitlement, long promoted by the rich to be exclusive to the psyche of welfare recipients and union members, runs through the veins of big-shot corporate executives just as blood runs through the veins of ordinary people.

The President of the United States – that boorish, bullying, torturing, arrogant, unread, untaught, uncurious, untraveled, child of privilege that his daddy’s rich pals installed in the White House to loot the nation, indeed the world – is a discredited heap. He is a blot on the presidential history of the United States. Nothing good has come from his years in office. The fact that the Republican Party and the Bush family foisted this fool on the people of the United States will stand as a monument to the arrogance of the American ruling class.

Even Stephen Harper, long suspected with good reason of being a neocon ideologue, has abandoned ideology – at least for the time being. Suddenly deficits don’t seem so evil to him as they were a few short weeks ago during the federal election campaign. He says he will do what he has to do to help our threatened economy. We can only hope that he does so. Who knows, maybe this will cure him of his Bushite delusions and help lead the Conservatives back into the red-Tory dominated mould of the old Progressive Conservative Party. It would be a good thing for the country if he did just that.

The world has changed. We really have entered into a new millennium. And once we get over the rough spots in the months or even years ahead, we will all be better off for it. Let’s hope so!

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