I am using this post to announce that I am working full time for the next few weeks finalizing preparations for a trip back to our sailboat which will be "splashed" shortly for a circuitous trip around the Pacific to Alaska this summer via Hawaii in order to take advantage of favorable winds. My crew will be my daughter and my first cousin and our progress will be cataloged on my other blogsite svkoho.blogspot.com.
In one sense I will be happy to stop analyzing for a while the cultural and financial changes being wrought upon our society by the Obama administration which in the financial and business arena marks almost no change from the previous two administrations. Barak Obama and his advisers are obviously fully in the pocket of the corporate and financial power elite every bit as much as was bush#43 and any lingering hope I had for a political leader who would lead this country down a path of building a new America which respects the sovereignty of other nations and a new America which will lead the way to develop a new economy based on reorganizing our economy around rebuilding our manufacturing base to produce items of quality, building an energy base of sustainable energy and conserving scarce resources for my children......is largely gone. The power of this wall street financial power elite aided by the Treasury and The Federal Reserve with the acquiescence of this president to control the economic destiny of this nation bypassing the Congress and the people is at the moment unchallenged. If the Congress does not act soon to review or repeal the new powers of Treasury and the Fed, then our democracy, our economy, our currency and the future of our country looks bleak indeed. This president and his advisers are astoundingly stupid if they think that reigniting a debt and credit bubble will lead us back to prosperity if it was that same over expansion of debt and credit that led to this collapse. But this is apparently what they think. They do not understand that you cannot make chicken salad out of chickenshit. The Republican party operatives made no pretense of concealing their allegiance to this elite. The Democrats pretend to care about the common man and the middle class while embracing policies indistinguishable from the Republicans. Neither of these parties are seeing that this century will be the beginning of a deindustrial civilization as the virtually free fossil energy resources dwindle and eventually disappear taking down a world economy of ever expanding growth which was only made possible because of that free energy. Our clueless leaders and the sheep they are herding see the future as an extrapolation of the past and the present. They do not see that the immediate past and the present were made possible precisely because of the discovery and utilization of a magical source of energy which fueled expansive economic and population growth. Like today's generals, our leaders are fighting yesterdays wars using outdated assumptions and tactics. Some of Obama's ideas have merit of course but so many are misguided and unaffordable. An example is high speed rail which requires an entirely new rail system 5X as expensive as just simply expanding existing rail capacity. The Obama administration has had some limited success trying to patch up old alliances destroyed by his imbecile predecessor by kissyface overtures and a demonstrated willingness to listen but his failures on the economy are simply horrendous primarily because being a lawyer instead of a doctor, he has not the slightest understanding of the principle of triage: You ignore the mortally wounded and the wounded who will survive without help and you concentrate your resources on those who can only survive with aid. But this administration lacking good judgement about what sectors of our society are important and what are not is trying to save everyone with money we don't have.. Barak Obama so far is a perfect example why a smart person with bad judgement is a stupid person. Bush43 was a stupid person with bad judgement who has been replaced by a smart person with bad judgement. Either way we are screwed.
And as I mentioned in the beginning of this post, for the next several months I plan to inhale fragrant trade winds and gaze at a galactic night canopy deliciously oblivious to the collapse taking place back home. In this case, no news will be good news. Ciao.