The American Economy

Why is the media vilifying the FAA for demanding more thorough inspections of commercial aircraft? Anyone care to reflect upon any of the near recent air disasters resulting from maintenance neglect? Put it in perspective. Would you rather be delayed on a personal flight and have confidence that your aircraft is air worthy, or would you rather satisfy America’s urge for “immediate gratification” and let consumer’s fly on unsafe aircraft? It is kind of like our federal government playing devil’s advocate. Is it wise to schirk responsible adult wisdom and fault airlines on the verge of economic collapse for delaying travelers, or is it wise to understand that these inspections are long overdue? Maybe the inspections have not been well-planned logistically, but since commercial airlines have been deregulated, no longer under control from the federal government, it stands to reason a forced inspection on their private sector is going to be cumbersome. Ask the financial markets the same question. Now that mainstream America has become aware of their near fraudulent offerings of credit, will they allow these financial institutions to be scrutinized and regulated by the federal government? It seems we as America have learned a lesson. Private businesses, much like adolescent teenagers, do not have the self-governance habits in place that they need to assure millions will not lose their shirts. Who is supposed to be looking out for both sides? When American financial institutions so irresponsibly bankrupt themselves and millions of mainstream Americans, who is supposed to be the watchdog? Congress has voted to deregulate many corporations, and throughout recent history these companies have failed to maintain ethical business practices. It seems mere monetary greed is stronger than a long lasting, spiritual, and philosophical good of the American people. It doesn’t take a wise person to understand capitalism. If there is a finite pool of money, then there has to be a “checks and balances” system in place to assure the source of money spent keeps up with current prices. If prices rise uncontrollably and with no regard for salaries, then a recession will be created. People can not spend money they do not have, except in the midst of a credit fraud scheme. This began and continued to transpire until now. Thank God the newest bubble in American commerce has popped. How many times do we have to go through this as a country? The .com bubble. The housing bubble. The credit bubble. All of these things merely are attempts to fuel the stock market. If our country continues to pitch “hype” instead of sound infrastructure, we are doomed to self destruct. Which was the last administration that had an inkling of understanding of this process? Take away the smoke and mirrors, media spin, and stock market stoking and ask yourself who understands economics. Was it George W. Bush? Was it Ronald Reagan? Was it Bill Clinton? Is an elitist pampered with old money really capable of understanding this process? If you have never had to live in the “real” world, a world that demands realness, i.e. “Keep it real, dog,” then how can you understand a system of supply and demand that pre-empts social status? That is why I do not like the Old South. There is very little “real” about a system based upon plantation slave ownership steeped in Victorian pageantry. What is real is recognizing the needs of the American people, manufacturing products that serve the American people, and employing the American people on their native land with a system that both provides the goods and the income to buy them. It is that simple. If short-sighted businesses are tempted by “slave labor” in foreign countries, whether it be Mexico via NAFTA or India and China via globalization, then the American way of life will suffer and continue to deteriorate. Capitalism demands reason and logic, and these concepts are not rocket science. It can be summed up in one sentence. Salaries must keep up with prices. I will repeat this. SALARIES MUST KEEP UP WITH PRICES. The wages of Americans must be able to compete with the cost of living and in the most pristine setting should be able to win. In this way all of America wins. People are able to SAVE money offering future stability. People are pacified by the thought of future stability, and therefore people again will begin to spend from the naturalization of the economic process. What we have had in the past decade has been an un-naturalization of the economic process. Salaries have failed to keep up with the cost of living as manufacturing jobs are out-sourced, and the credit industry has run aground. THERE IS NO MORE MONEY, JERRY! Money should be produced by manufacturing quality products American needs, and they in turn should be exported and sold in foreign counties. This is the only way the economic system in America can be salvaged. If this commitment is not made, then the fate of Capitalism will be sealed. America will become destined to be a socialist nation.