Another time…

It feels strange to have nostalgia for the times of GW Bush, but Trump has make President GW Bush into a soft of folksy hero, and a re-evaluation of his time in the White House and his own sense of self-effacing humour contrasts sharply with the humourless, narcissistic approach we have become used to.

Take a look his Present Bush and his imitator Steve Bridges: we hoped thing would improve for the “shiny America”, and a joke about telling the Premier of China to “tear down this wall” contrast so well against the theft of 3.5 billion dollars from the US Miltary budget to build a wall that solves no problems.

Syria and Iraq

In the New York Times, – it is evident that Syria has a large cachet of WMD.  Why?  Well Saddam’s stock must have gone somewhere when sabrés were rattled.

Syria is all that is left of the common Ba-athist political party that fell with Saddam in Iraq.  What is Ba’athism?  It is an Islamic form of Socialism.  Possibly a good thing for the Arab World to balance the many dynastic totalitarian ruled cultures that seem stuck in feudal existence.  That Syria has many weapons of mass destruction was predicted.  It was reported on the news that weapons were probably hidden in Syria, the storage place inheriting  Saddam’s WMD.  There may well have been much political cooperation between their governments both under the iron grip of a leader past his use by date, slaughtering dissidents.  His domination of a country by going to war with factions is in common.

And now the Assad regime is bombing Allepo. And denying that they would use chemical weapons on Syrians.  Foreign invaders would be a completely other matter.  Will Romney start to threaten to invade Syria?  Seems a natural.  Or he will he be beaten to it.  The temptation must be terrible on both candidates.  They see it in different terms.

All the more so as it is probably quite correct – that Syria indeed has WMD and that someone is going to do the equation that constructed history.  The problem is going to be  the brutal Assad regime.  It is going to be the WMD, and now it seems only natural that the UN will demand that Syria give them up.   Or face terrible consequences.

Who would America trust in such a scenario.  The guy who killed that terrorist guy.




Political Evolution

Politics needs evolution too.

The US were way ahead of the game before GW Bush made the biblical error of declaring war on Iraq despite the evidence and spent the American economy into extraordinary debt compounded by fraud and banking fantasy-land mathematics. It was a stampede into insolvency that left the economy etherised on the table hooked up to the life support of QE.

Did we evolve better politics? It seems to be a long-term-only option. After Bush, the Democrats fielded two viable candidates but then the elected House of Representatives failed to pass laws when it could and then handed Congress back to the Republicans.

Political evolution seems to be the underlying problem in Western economies. Why do our democracies become increasingly more corrupt? As the pie gets bigger the shared slices get smaller.

Politics is not evolving, it is collecting a cloud of believers and faith healers.

posted as a comment on a Paul Krugman article in The Guardian

How to solve the financial crisis

Economic Regression

The path that GW Bush has set the United States upon is inverse socialism. It is regression. It has produced an incipient depression in the world economy by creating a inverse bubble. A huge cash vacuum has removed 2 trillion from the American federal reserve.

To reduce the treasury into a funding agency for the seriously wealthy, bankers and those who take a cut from everyone, is grand scale theft.



The history lessons that the leader of Georgia attended may have given him a distorted concept of valour. Giving the Russian army an excuse to invade seems rash at best. Risking all for territorial integrity, why?

Russia used to control all sorts of countries that became independent of the USSR last century. Of course there are going to be territorial disputes. There is an obvious need therefore to monitor the collapse of large empires, and follow it up with border certification, acceptance by both sides that the border will be honoured. By enjoining a Russian enclave, Georgia actually had the opportunity to make peace with its giant adversary. All the other satellites are anxious that Russia not be allowed to overrun recognised borders militarily. There is merit in that concept, certainly.

Is the Bush reponse to Russia the right one? Somehow, it seems irrational to involve America so rapidly. It is not like Georgia had joined NATO just yet. So why is GW Bush basically rattling sabres? It seems political in the extreme. But is it correct?

It does seem that it is true that Georgia sent its troups in first, apparently the Georgians started to excercise military force in Ossetia before Russia crushed their army in no uncertain terms. One has to wonder, if an invader of similar scale attempted a landing in Florida, what would the USA do in response?

The “new world order” achieved by Bush’s daddy has recklessly and systematically been destroyed by the actions of the second Bush administration. The American right has a chance to reconcile with that legacy before they start launching holus bolus into Obama. But then is the shooting of the Arkansas Democratic Chairman by a disgruntled sacked employee of Target the actual cost of the Second Amendment? That we are all essential free to be equal if anyone can have a loaded gun, anywhere?

The American state is allowed to enact laws decided by its own democracy. But Disturbing Trends has questioned if the USA is in fact a democratic country? Are the people allowed to make any kind of rational decision as to what happens next or are they a victim to their own hysteria and need to be controlled? Is the predictions of 1984 by George Orwell not already evident and accepted in the same way that the citizens of Germany were taken in by the rise of Nazism?

If America destroys the hope in the Obama campaign and do not enter into a fresh New Deal phase, then, under McCain – we see America entering a more severely military face off with Russia. The current opportunity Russia took to punish Georgia is limited by the simple fact that if they do not now respond honourably, then paranoia will be rife.

The fact that Bush/McCain wanted to have nuclear weapons in Georgia is why Russia has invaded Georgia. Given a good excuse, they are likely to get away with it if they are honourable.

If they are not, like in the 1968 that Condi Rice alluded to, then they will set the world on edge, and Obama will get drowned by the paranoia – such is the hopes of the Bush reaction. It is political, afterall.

Death by a thousand Debts

The United States of America is being swallowed by its own shallowness and greed. There is a wonderfully revealing article in the NY Times today with a revealing interactive graph of events during each decade. It is most remarkable that the savings rate which deteriorated badly in the Great Depression mirrors what is happening now, the collapse of savings. The difference is the debt levels then were conservative – the debt levels of the extreme 90s overboiled in the 2000s.

The Bush era has left a legacy that is far more damaging to the USA economy than it seems, all that debt has to be matched with savings, or you get a deficit, which is funds that the average US citizen owes to the oil producing OPEC countries. How exactly is the Government going to bail out the average citizen drowning in excess credit and crippling interest? By preventing millions of bankruptcies and foreclosures? Preventing banks from reselling properties at a huge discount? The bailouts of major mortage lenders proves this to be true. Bush has run the most socialist economy possible by making the middle class the needy class.

Where is the debt going to be absorbed? Deterioration in the value of the capital reserve? Does that means the grandchildren of the Bush years will be far less wealthy than those who benefitted from ridiculously biased tax breaks that has worsened the position of the average person to such a degree that they are now prisoners of credit card companies – owned by the intensely rich?

Seems like the most devastating blow delivered to everyday Americans is the mass transfer of effective wealth and ownership from American hands, from the Ma and Pa businessscape into the hands of corporatisation, increasingly foreign owned banks and retirement funds that seem more vulnerable by the minute.

Who’s fault? It seems that a country that eats its way to doom has a lack of direction in its culture as a major malady. Hip-hop had it’s social revolution, now with “Pimps and Bitches” being part of the mainstream conversation and “bling” having lost any bad ass connotation – that it was stolen – now it’s seen as a badge of billionary success – any excuse for radically masculine boys to wear diamonds.

Cultural decay – a kind of illiteracy – seems successful. All these make over reality wife swaps and inverted entertainments (Supernanny goes to visit you with her camera crew) are not really engaging people. They are just really cheap fomulae to execute, and like most cheap fodder, it bloats the mind with plenty of useless nonsense. That is cultural decay as it is consumable by anybody, and most do not want their entertinment to challenge them.

But challenging the mind is the entire point of entertainment. That is why the new generation of video games that are immersive, require you to think on your feet and enact a strategy. After fighting for months in some kind of imaginary desert scenario against “bad guys” – the futility and sheer quantity of death necessary – it becomes evident that war is an activity civilization should find absolutely abborhent; but, yet – at the onset of either Gulf war there was a palpable sense of “get on with it!”, and a sense of relief that the bombs had finally started to drop.

While America gets sucked into fruitless wars, Bush seems to have opened the floodgates for the Saudi establishment to buy more American capital with their oil wealth before the Green lobby replace a need for oil with a need for solar energy capture and wind farms rendering the end to this new age of slavery.

The American economy is huge and can still easily absorb this level of indebtedness – it’s the poverty created now that seems the real problem for far too many.

When did this start. Click on the heading of this article to view the NY Times interactive display (requires Adobe Flash Player). Hover over 1984. Observe the trend in savings. 1984 is the top of the mountain that has collapsed ever since. Savings is the degree of participation in ownership possible – the spoils of war. The USA may be able to walk in militarily but it may not be able to afford to “stay the course”, if it carries on with this trend. Even in the past four years savings as a fraction of debt is the worst its ever been, apart from the early 1930s when there were no savings, so America rebuilt by borrowing leading to gradual increase in capital, until 1984. What happened then? Oh yes, let’s see. Regan was elected.

Red Alert

Ever wonder how the ingenious Dept of Homeland Security Alert System of colour coded warnings was derived?

Take a look at the linked movie. Click the title. It explains the design team’s philosophy and perhaps explains why the Dept of HS is so effective at stopping terrorists (except white ones) from being able to harm Americans. Damn! It is so effective that even GW got it almost immediately!

Here is the link again:

Slowdown Fears Rife

Markets and Dollar Sink as Slowdown Fear Increases – New York Times

As predicted when Mr Bush lowered tax rates for the very rich – the US economy devalued itself giving it the impression of a lot of spare cash. But he had gone to war with an already crippled Iraq and has spent hundreds of billions getting American troops in Iraq killed for very little resulting improvement in world safety from terrorism.

When an economy becomes too sanguine (too much blood in it) for too long – idiots start throwing billions about. Weird ideas spring forth like crazed cults and adherents may be expected to invest in companies and ideas that have no real product or effect no real change. (I am not talking about Google – here we have an economy developing its own force from the work of a simple workable idea. Text advertising on the internet is not a new idea that Google suddenly came up with, there was text advertising already. What they did was leverage it against relevance. Effective useful advertising has value. Google did what others were stabbing in the dark trying to make work. They provided motivations for each part of their business to work with other parts of their business).

Instant public perception reveals the turkey – but sometimes not before thousands have thrown millions at it. Too much property investment capital inevitably results in sales that get reversed. Too many mortgagee sales depresses prices. Declining prices could become deflation. That would cause massive problems.

What flooding the market with low value dollars has done is cheapen the US economy. Hence the foolhardy effort to get everyone on the mortgage train we now insidiously refer to as sub-Prime. No-one is talking about how many citizens are losing their homes in the USA as a result of Bush indifference to the needs of real people. It has provided the grass roots market players with a sense of uselessness – or irrelevance.

What we hear about is how investors are losing their punts in these non-productive organs of real estate wheel greasing. How many cents in the dollar they can expect. It is a damning and sad story but not half as hard as the young couple expecting who suddenly lose their house and entire life structure. Not to mention to effect on the overall health of the USA economy. How are they going to make productive lives for themselves now?

Some one please tell me how this is a good result of the Bush tax massacre?

Go on – go to the Discussion site and lecture me on the merits of running huge deficits to fight a war that has little economic benefit but heavy costs. Where is the beef?

The Agenda Setting Edge

On a MB (Message Board) on The Agonist – one of the best blogs in the business:

“I meant Trade Center Bombing 1993, first year of Clinton in office same as 2001 for Bush. I think Al Qaeda likes first term Presidents, a point of weakness before they get their bearings.”

Perhaps that is the pattern and why the USA developed a pattern of inevitability on election day every two cycles – GW Bush should not have won the last two elections on merit alone. Greeting a President with a potentially life changing act of terror gives Al Qaeda an agenda setting edge. How can the incumbent ignore the taint? It is this understanding of the political behaviour of their enemy – that is a concern as it has created a sense of preordained destiny in the political narrative of “America” (I think George Bush calls the U.S.A. “America” over and over and it leaks into the media, but Bush is the President of the U.S.A. – and referring to it as “America” is just winding Hugo Chavas up).

It is too late to save the Bush Administration from itself. “America” will suffer terribly as a result, and economically, if you read between the lines.