In a culture increasingly dominated by lies of all kinds,it should not come as a surprise that bankruptcy will be a constant threat in all walks of life.
Take McCain.Having squandered the moral authority he had earned as a POW by supporting a war based on false pretexts and even worse, aiding and abetting the torture of prisoners, McCain finds himself in the arms of a racist fundamentalist from the school of Praise the Lord and Pass the Ammunition.Even his constant evocation of his status as a POW now elicits derision.
I believe that the embrace of Palin by McCain is a sign of desperation of a man realizing he is totally bankrupt.Expect more and more bizarre acts up until election day.
Not to be outdone by the politicians of our day, GM, the king of all auto makers in yester years, now says it needs up to 25 billion dollars in cash infusion to produce fuel effecient cars.What is left unsaid is why in a market overflowing with fuel efficient cars made by many nimble competitors, anyone even has to consider buying a GM product.It is the same trap the United States finds itself in after many years as the undisputed ruler of all it surveys.The world has moved on to what Fareed Zakaria calls the Post American World.GM,in its own blindness does not realize that the world has changed, for the worse for GM.
Someone once said Time and Tide wait for no man.In a paraphrase we can say Time and Tide do not wait for GM to produce a fuel efficient car.GM’s days are gone,never to return.
Lastly,a sorry chapter in American excess will also draw to a close as Fannie Mae and Freddie Mac two Government sponsored enterprises (GSE’s) will also bite the dust.Much of the excesses of the mortgage industry were underwritten by these two giant institutions which were used as piggy banks by the mortgage banking business and run to the ground.I am tempted to say that the death of these two institutions will mean better behavior in the future on the part of Americans.Their insatiable appetite for luxury homes and McMansions caused a collapse of massive proportions dragging the poor into this disaster.
As the lies proliferate,it is impossible for us to find a single personality that has the courage to utter the truth about any of these failings.
That is because at its core our failure as a society is moral.Only a spiritual awakening can rectify that.
Meanwhile, I am now looking at the revolting image of Cheney in Georgia condemning Russia for invading Georgia!