The one thing that is sure: people focus much more clearly on the important things in a crisis. A crisis, unfortunately, is probably just what we need.
In a meeting of computer geeks yesterday,
Even if I didn't want an economic crisis, the laws of nature say that it's time.one of our number mentioned how well we had reacted and how in depth we knew our computer systems in the run-up to the Y2K crisis nine years ago. Since then, they said, we have slumped into lackadaisical slumber, and our systems are not so carefully developed and monitored. I suggested to the group that perhaps we need another computer crisis to help us focus like a laser beam on what's important.
I've been coming to the firmer and firmer conclusion over the past few months that a crisis is what we need for America to back on the track that made it once great. Not that I necessarily want one, but I do think we will have matured significantly as families and as a nation by result of having been through a cleansing crisis. I think our made-to-order crisis is just around the corner. The planets seem to be aligning themselves in that regard. In the paragraphs that follow, I describe some of those planets.
Overstimulation. Barack Obama is using the projected $1.2 trillion budget deficit of 2009 as a limit on the stimulus package he is originating and which he will then pass on to Congress. My projection, however, is that, due to the "the last one didn't work because it wasn't big enough" philosophy, soon-to-be-President Obama's self-imposed stimulus limitations will look minuscule from a future historical perspective. Meanwhile, less and less will be produced in America, directly due to previous "stimulation" of overproduction by the inane policies of government and the Federal Reserve. This will stimulate the price of everything to increase, being only offset by fewer and fewer families' ability to buy much of it.
Monopoly Rule in Congress. I am just fine having a Democrat president and a huge Democrat majority in Congress. It will help ensure that American fascism comes out of the closet to swagger in plain sight. It should help the Republicans focus on that issue that is most important to mainstream America--liberty. The upcoming crisis will help voters determine whether their congressional representatives are worth their weight in gold--or in the stuff that comes out the east end of west-moving cow.
What makes the situation even more poignant are the rules passed on Tuesday in the House of Representatives that will make it much more difficult for House Republicans to have much impact on legislation.
Stock Market in the Toilet? MarketWatch.com had this to say yesterday about the post-holiday stock market.
Everybody should have known the holidays would only delay it. The freight train of job cuts, plunging earnings and massive spending cutbacks set to hit the economy was, thankfully, pushed back a few weeks while stunned investors and workers across the globe caught their breath after the worst fourth quarter in decades.Government unemployment computer systems are being overwhelmed. Construction is at a standstill. Even Wal-Mart, having up until now projected fairly could numbers, is worried.
But now the great dying has begun...
As of yet, I'm largely unaffected by all of this. I have a comfortable job. My family has a year's supply of food. We have almost no debt. So it may be easier for me to say this than most--but I welcome an economic crisis. The political crisis that happened 233 years ago redounded to America's overwhelming blessing. The reason that I want another crisis to happen now, is that I think--in the end--we'll be greatly blessed for this one as well. Even if I didn't want one, the laws of nature say that it's time.
Ladies and gentlemen, start your engines.