Nov 19 2007
Doom and Gloom…..
Well I wasn’t going to write anything tonight because I didn’t want to spread more doom and gloom, but I found the story and the scenario in which my worst fear could become a reality.
I was discussing today with one of my co-workers a scenario in which Senator Hillary Clinton could actually become the 44th President of these United States. It has already started. All congress has to do over the next year is nothing and this can happen. I found this story on Foxnews.com tonight: Ailing Economy Needs Steady, Experienced Hand (Me), Clinton Says.
Now here’s the scenario: The housing/sub-prime market continues to collapse. The government takes no action to correct or assist in shoring up the sub-prime lenders. This will cascade to the larger banks and lending firms causing a slowing in the loans available for individuals and small businesses. This in turn will continue to bring the market down. If we have a down turn in the market over the next year leading up to the presidential election in November the people will vote for change, any change. They will see this collapse of the market as a result of the heavy handed spending of the Republican President and they will vote to change it.
There is president for this and it has happened once in society already. In 1932, after the country had been in an economic depression for the last three years, the people voted for a New Deal and elected, by a landslide, Franklin D. Roosevelt. This election setup the society that we find ourselves in today. Many believe that the New Deal was the beginning of the welfare state.
I found this article: The great depression of 2008 – the mother of all depressions today, which compares the lead up to the Great Depression with the current economic situation. Basically it outlines the scenario as I did previously in the essay. The market crashes in October 1929. The low/no cost loans disappear. Small business fail without the credit they need to operate. Consumers stop spending, retailers cut back and the economy spirals down. Sound familiar? I thought it might.
Once this starts there is no turning back. Senator Clinton will step in with her “experience” and introduce the New, New Deal, half a chicken in every pot. Sorry I couldn’t help that. But seriously, in order to protect the society things will have to change. First will be health care. Next to secure our future against rising energy cost, our energy interests will have to nationalized. From there it will continue to snowball. With a Marx-ocrat as president and virtually no opposition in Congress, it will be as if we have a dictator.
Very scary, and some may say that this is not possible in the United States of America, but look at the evidence and you will see that it is very possible. I know this essay is spreading more doom and gloom, which we really don’t need, but I see no other outcome.
One Response to “Doom and Gloom…..”
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I fear that you may be right. who thought that in the United States we would have a women (who has done nothing herself) and a black muslim be the president and vice president of the United States. We need to wake up and do something about this. Maybe if we weren’t so greedy as a society this wouldn’t happen, but then again I don’t really have too much of an opinion because I don’t read enough to get all the facts. I do like reading your comments because you do link the papers that you read to come to the conclusions that you have. It is like I have always told my kids….don’t totally believe everything you hear until you read up on the subject.