Re: Obama's State of the Union address
posted at 2/13/2013 8:58 AM EST
My hope is that our policies for the coming years:
1. Allow Bernanke to continue to print trillions while buying up 70% of our own bonds much like Japan has done which has allowed them to avoid all out collapse for the last 20 years. That Ben is able to retire, write books on how he avoided the second Depression and wonder why it isn't selling because people don't have money for books, nor read books anymore.
2. Allow those that don't want to work to be supported by a shrinking middle class vs. the rich who, let's be serious, through trusts, offshore accounts, multiple residences and other accounting gimmicks are pretty hard encourage to ever contribute more than 20% per year but make a wonderful political deflective target.
3. Have a muddled, myopic energy policy that focuses on a product that heats homes and creates electricity but which is not even a 15 year solution. Nat Gas has given the US a reprieve from OPEC which I hope we squander while poisoning our water.
4. As our economic might declines, I hope that we can continue to contribute and outsized police force for the rest of the world and jump into 10 year wars with no economic or seemingly political advantage to win.
5. That we continue to find new ways to provide the American Dream in housing to those that really shouldn't even entertain the idea much less have the downpayment and reserves to embark on that road. Similarly, that the Federal insurance for coastal homes ravaged year after year by weather is expanded so that the people enjoying those homes can continue to do so for premiums running at a couple thousand dollars per year. After all, spreading the cost of others bad investments, poor decisions and misfortune among those that were prudent is the "New Normal".
6. That the government continues to push the advantages of a college degree, make huge loans ridiculously easy to get regardless of the quality of the degree chosen, intelligence of the individual or the strength of the industries and economy that new grads come out into the world searching for. 50% unemployment for new grads could be improved with more liberal arts degrees.
7. That instead of arresting bankers complicit in providing loans to people for cars, education, homes, small businesses, green industry, strip malls that NEVER should have been considered, the government continues to find new ways under the mantra of "greenshoots" to try to prime the pump 4 years after the collapse.
8. That the Fed continues to assume that a rising stock market is equal to consumer confidence. That inflation currently running at 8% for most of middle American can be ignored if the headlines shout 2%. $5 gasoline and $50 for a bag of groceries will end badly at some point
9. That Congress finds new issues to point fingers and create artificial cliffhanging reality TV that continues to frighten businesses into not hiring. That all Congresspeople work on tans like Boehner and George Hamilton, vote themselves raises and get more than one third the year off to mingle with their constituencies in the Hamptons.
10. That we become more politically correct using it as an excuse for civility when it really is an ongoing attempt to paper over real issues that need real dialog to come up with real solutions. 75% of the 2.6T spent each year is for chronic diseases and 30% of Medicare costs is spent in the last year of life.