Is This The End of America?

Helicopter Ben Bernanke’s Federal Reserve is dropping trillions of fresh paper dollars on the world economy, the President of the United States is cracking jokes on late night comedy shows, his energy minister is threatening a trade war over carbon emissions, his treasury secretary is dithering over a banking reform program amid rising concerns over his competence and a monumentally dysfunctional U.S. Congress is launching another public jihad against corporations and bankers.

As an aghast world — from China to Chicago and Chihuahua — watches, the circus-like U.S. political system seems to be declining into near chaos. Through it all, stock and financial markets are paralyzed. The more the policy regime does, the worse the outlook gets. The multi-ringed spectacle raises a disturbing question in many minds: Is this the end of America?

Probably not, if only because there are good reasons for optimism. The U.S. economy has pulled out of self-destructive political spirals in the past, spurred on by its business class and corporate leaders, the profit-making and market-creating people who rose above the political turmoil to once again lift the world out of financial crisis. It’s happened many times before, except for once, when it took 20 years to rise out of the Great Depression.

Past success, however, is no guarantee of future recovery, especially now when there are daily disasters and new indicators of political breakdown. All developments are not disasters in themselves. The AIG bonus firestorm is a diversion from real issues , but it puts the ghastly political classes who make U.S. law on display for what they are: ageing self-serving demagogues who have spent decades warping the U.S. political system for their own ends. We see the system up close, law-making that is riddled with slapdash, incompetence and gamesmanship.

One test of whether we are witnessing the end of America is how many more times Americans put up with congressional show trials of individual business people and their employees, slandering and vilifying them for their actions and motives. And for how long will they tolerate a President who berates business and corporations as dens of crime and malfeasance? If the majority of Americans come to accept the caricatures of business as true, then America is closer to the end of its life as a global leader, as a champion of markets and individualism.

But America is at risk in other ways, especially in the technical business of setting and executing policy. The presidency of Barack Obama has set out on a course that has no precedent in U.S. history. Franklin D. Roosevelt, whose New Deal transformed the U.S. economy during the Great Depression, pushed America off on a sharply different political and ideological course. The Obama administration is different in many ways, not least in its supreme self-confidence in its methods and objectives.

Reform of health care, environmental policy, education, energy, banking, regulation — every nook and cranny of the U.S. economy has been put on alert for major change. Expansion of government spending, plunging the U.S. into unprecedented deficits, is without parallel. In economic policy, through regulation and control of energy output, financial services and monetary expansion, the U.S. government has embarked on a fundamental reshaping of America. It is designed, in short, to bring on the end of America.

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America What Have You Done

President Obama has had, by general consent, a torrid First Fortnight. To put it another way, it has taken precisely two weeks for the illusion that brought him to power to be exposed for the nonsense that it so obviously was. The transformational candidate who was going to sweep away pork-barrel politics, lobbyists and corruption has been up to his neck in sleaze, as eviscerated here by Charles Krauthammer. Despite the fact that he came to power promising to ‘ban all earmarks’, his ‘stimulus’ bill represents billions of dollars of special-interest tax breaks, giveaways and protections — which have nothing to do with kick-starting the economy and everything to do with favouring pet Democrat causes.

He has been appointing one tax dodger, lobbyist and wheeler-dealer after another. After appointing one official,Treasury Secretary Timothy Geithner, who had unaccountably forgotten to pay his taxes, he then watched his designated Health Secretary Tom Daschle fall on his sword because he too had taken a tax holiday. Daschle was furthermore a prominent actor in the world of lobbying and influence-peddling. Leon Panetta, Obama’s nominee for Director of the CIA has also, according to the Wall Street Journal, consulted for prominent companies and sat on the board of a public affairs firm that lobbies Congress. The Weekly Standard reports that Secretary of Labour nominee Hilda Solis was not only involved with a private organization lobbying her fellow legislators on a bill that she helped sponsor, but she apparently kept her involvement secret and failed to reveal a clear conflict of interest.

via The Spectator.

America – Defender of Western Values

A political scientist and retired military officer believes three world systems are currently competing against each other to determine who is going to dominate the planet late in this century.

Dangerous Illusions bookDr. Robert Chandler holds a doctorate in political science, is a retired colonel in the U.S. Air Force, and has served at the highest levels of the Defense Department. He contends the United States holds the key to beat back threats to Western civilization.

Chandler recently published Dangerous Illusions-Shadow World, which warns Americans about the struggle of civilizations that is currently waging in the world.

“It’s a strategic analysis that looks at three parts of the world that are competing against each other. One would be a cell led by Russia and its strategic allies. The other is the capitalist West, and the third is militant Islam,” he notes. “Those three groups are competing globally for who is going to control the planet sometime late in this century.”

The author admits he is not sure the Western capitalist system is going to ultimately win. “I’ll tell you right now, it’s a choice between autocracy, democracy, or theocracy — and I don’t know who the winner is going to be right now,” he adds. “I think it is wide open to what we do in the United States. We’re the ones that [have] to stand up for the Western world because no one else will.”

If Americans do not heed his warnings, Chandler believes America may look like a far different place 50-to-100 years from now.

via America – defender of Western values (OneNewsNow.com).

Report: US To Decline – World To Become A Much More Dangerous Place

U.S. economic and political clout will decline over the next two decades and the world will be more dangerous, with food and water scarce and advanced weapons plentiful, U.S. spy agencies projected on Thursday.

The National Intelligence Council analysis “Global Trends 2025″ also said the current financial crisis on Wall Street is just the first phase of a global economic reordering.

The U.S. dollar’s role as the world’s major currency would weaken to become a “first among equals,” the report said.

The outlook is intended to inform U.S. President-elect Barack Obama of factors that will influence global events. It is based on a year-long global survey of experts and trends by U.S. intelligence analysts.

“The next 20 years of transition to a new system are fraught with risks,” said the report, which was more pessimistic about U.S. influence and the potential for conflict than the last outlook for 2020.

Thomas Fingar, chairman of the intelligence council and deputy national director of intelligence for analysis, said harmful outcomes were not inevitable.

“It is not beyond the mind of human beings, or political systems, (or) in some cases (the) working of market mechanisms to address and alleviate if not solve these problems,” Fingar told reporters. “We could have a better world in 2025.”

China and India, following a “state capitalism” economic model, were likely to join the United States atop a multipolar world and compete for influence, the report said.

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