News That Matters
Good Friday Morning,
It's been one heck of a week and I'm glad it's over. My computer was hit with a virus last Friday that kept me working on getting it cleaned up all weekend and well into this week. I think it's under control now and so this column should be a little less peripatetic - if that's possible - going into next week.
In the meantime, enjoy the show in Washington, D.C. as Congress scrambles to make their Wall Street backers happy and continues the myth that our economic model is sustainable. If you're reading the papers you'll see that every article reports that this things is down or that thing is down or that people aren't buying cars or other high-ticket items and that this is bad for the economy. But that's the point! That kind of business model is simply not sustainable.
Sensibly, if you don't really need that new car or can get by with the old air conditioner or last year's Halloween costume, then don't get a new one. But the economy is based on both planned obsolescence and *I WANT IT NOW* and cannot survive without both. Unless you continue to purchase new products, most often on credit, the American economic model falters and fails... and we're seeing that now.
The US economic model is based on continued and constant consumer growth but when the money runs out, or the crush of debt becomes too much... well, you can see where that's headed.
But there is an out here and that is the creation of new industries that will provide products that are actually needed in the marketplace. This will create jobs, re-open shuttered manufacturing facilities and grow the economy. So, what new products? Alternative and efficient energy products.
Like we did with the computer industry in the 1990's we can do with energy products in this decade and beyond. As we move away from cheap oil the nation should be focused on energy independence and in ways that create an international market for our product. Forget Coca-Cola, think solar. Forget Ford and General Motors. Think super-high-efficiency.
But you know as well as I that not only is Congress in the pocket of Wall Street but they're also in the pocket of the traditional energy industry and so without some sort of vast public outcry, nothing will change. But if you need the proof of why nothing will change:
Since we apparently cannot gain control of our own Congressman, let alone the government, maybe it's time we joined the other 300,000,000 Americans who just don't care. So, for now, here's some goings on in the 'hood for this weekend and a little beyond that will take your mind off things. You know, bread and circuses...
As always, your comments are welcome.