05

01/10

Overestimationalism

02:32 by Administrator. Filed under: Whatever

by John Galt

January 5, 2010

“If passed, this will be the most important piece of social policy since the Social Security Act in the 1930s, and the most important reform of our health care system since Medicare passed in the 1960s.”

-President Obama, Remarks on December 24, 2009 after the passage of the Senate Health Care Reform Bill

The executive order that President Obama signed above, directly from the White House pages by the way, shows the extent of just how far and how much the people in charge in Washington, D.C. are beginning to overplay their hands.  The only reason for signing this particular Executive Order is to allow the International Criminal Court in the Hague to issue arrest warrants for American citizens, including soldiers, and bring them to trial using the powers of INTERPOL, as their representatives on our homeland. The President brags about the passage in the first quote above being as important and large as the Social Security Act passed under FDR and completely understands how that has managed to enslave decades of American workers to the idea that they would always have a sufficient retirement thanks to the government, while at the same time overestimating the value of this retirement when the day comes. They failed to understand the concept of monetary degradation where inflation destroys their “retirement program” faster than they can add to it or multiply its effectiveness thanks to the very same government which created Social Security.

This President is overestimating and overplaying his hand and the blow back is about to begin.

Meanwhile, across the aisle, the smug Republicans are content to think they have successfully elicited the support to the Tea Party Movement, the 9-12ers, along with  disaffected American Conservatives and they are planning to nominate a lot of the same type of  slugs that were rejected in the 2000, 2002, 2004, 2006 and 2008 elections, failing once again to learn the lessons of history. Their lazy leadership is one again trying to use the “we’re not them” as their only serious issue in their national platform. Thus once again, they are engaged in the historic mistake of assuming that conservative and Constitutionalist voters are not of principle, the same mistake they made with the nomination of McCain, and will find that after the 2010 elections, the only gains will be in those areas where true Reagan/Goldwater style conservatives ran for office.

The Republican Party and their allies are overestimating their relevance to this current, critical and possibly final turning point in American history.

The Bubbleconomists and Bubblemedia have been promoting the miraculous recovery which started in the third quarter of 2009 with a rebound in the GDP of 3.5%, oops, er 2.8% , oops er 2.2%. And since the majority of the output generated was via economic stimulus as a result of a massive monetary expansion by the Federal Reserve along with a fiscal stimulus program of which the impact was somewhat overestimated. Now the whispers of how the bull market has returned and just how wonderful investing in stocks and playing the market has returned to the pump and dump crowd trying to hook the ignorant to dump their money out of the money market funds where you have a net negative earnings due to inflation and put it “back to work” in the stock market.  Here too, they are overestimating their ability to manage economic affairs as no nation in history has ever engaged in the types of activities nor diversification of its industrial base overseas then ran the massive debts and deficits then to solve it they elect to spend even more as a solution. History does not look kindly on the arrogant, and the arrogance of those who believe in their version of the  “science” of economics are about to get a rude awakening that their field of practice is nothing more than a systemic attempt to gauge human behavior and manipulate it, usually resulting in the individual still reigning supreme when all is said and done.

Thus to help these “scientists” I’ll make it easier for them:  The United States is bankrupt. The bills are due. We the people are pissed about the institutionalizing of neo-Socialism within our economic system.

The “science” of economics question of the modern  day can now be considered SOLVED.

Lastly, I fear that the blow back against the current political class is itself overestimating their importance and needs to understand how these movements end up in history as abject failures.  Right now, without a rudder, the perceived goal of the Tea Party, 9-12 and other movements is that of an anti-Obama, anti-Washington, anti-Incumbent movement. This is sort of like trying to kill a grizzly bear with a set of nail clippers. Throughout history there are movements like these in various nations, such as those in Italy that involved organized labor, veterans, industrialists and the Catholic Church. They worked hard to blunt the efforts of the socialist and fascist movements but instead were recruited into lucrative arrangements or positions within the new administration under the leadership of Mussolini to bribe them away from their principles. The only method to prevent the leaders of the various movements from diving into irrelevancy is to seek a common goal and not to allow themselves to be deluded by over estimating their impact on the political scene. Should I be so brash, I recommend that the groups unite under a target that would insure a permanent change in our society that our Founding Fathers could smile upon.

Such as the repeal of the 17th Amendment to the United States Constitution, for starters, to re-impose an original check and balance our wise Founders included in the founding document.

These are some of the examples on my mind this early morning as I contemplate our nation’s future. I coined the term “overestimationalism” as the word to best describe what too many people are thinking and acting as they promote or engage in their agendas, be it political, economic or populist. This is not the time to marginalize nor underestimate the impacts of the historic events of the last decade. In fact we are at the very edge of a cliff where our nation will be irreversibly changed for decades to come barring the unthinkable action of revolution or civil war to reverse the course, and for that I pray those engagements can be avoided. Let us hope that the arrogance of the leaders is checked by the reality of our nation’s history and that the followers emerge soon as the new leaders, before people like those of my name sake are called upon to act.

Otherwise, many of us are ready to shrug and turn our backs on this nation,  as our freedoms are stripped away, leaving its citizens to their own fate of enjoying  their own vice of self-indulgent Marxist dependency instead of the path of individualism and liberty for all.

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