What’s wrong with Americans? Are we stupid? Are we toddlers?
Friday, June 20th, 2008The list has grown too long to ignore. We are a country that exercises almost no foresight. We wait for disasters to occur and only then (if then) does it occur to us to do something about the problem.
Here’s an especially heinous example: our government hires numerous financial experts, of course. Alan Greenspan was one of them. Why couldn’t any of them see the subprime disaster long before it occurred? Instead, our government’s experts allowed unscrupulous mortgage companies to lend out far too much money to homeowners in the form of “exploding ARMs” such that it was entirely predictable that the borrowers would fall behind on their payments after only a few years, and that many would lose their homes through foreclosure. Our government stood by while these loans were hyper-securitized to the point where the unscrupulous mortgage companies would go belly up, tranch-laden real estate trusts (who ultimately purchased the loans) would throw their hands and claim that they were innocent and Wall Street would laugh all the way to the bank. That is, until Wall Street failed and successfully begged the federal government to bail out Bear Stearns. All of this was entirely foreseeable. The real disaster is that we failed to use our brains.
For another example, think of the Minnesota Bridge collapse. Let’s see… what might happen if you don’t allocate proper federal funding to fund sufficient bridge inspections? Of course, it’s only after a huge bridge collapses or a major levee breaks that we start thinking about the resulting disasters here in America.
Do you want another example? There are hundreds.
Remember when our president manufactured the need to go to war and all of the allegedly patriotic people (including many of your neighbors and friends, I’m sure) imposed group-think upon each other? Voices trying to raise important concerns and objections were muzzled in the name of “freedom.” What were we thinking? That we were better off to parrot the President? What we got is what we deserved: the low point was when Colin Powell lied to the American people, who patriotically nodded affirmatively, encouraged by their patriotic daily newspapers from coast to coast. In retrospect, who couldn’t see that this type of “patriotic” group-think behavior would endanger our democracy?
Who couldn’t end see the problem with electing, as President of the United States, a man who lied about his military service and who had failed miserably in almost everything he had ever attempted, repeatedly covered up by his family? What would you expect if you elected such a person to be president? Why couldn’t we see all of this coming?
And look how we conduct “debates” to evaluate the next president. They are largely substanceless and xenophobic, relying on soundbites and concocted personal attacks. Why is it so hard to see that this is a terrible way to evaluate a President?
And why can’t we see that allowing large corporations to pour their money into the coffers of politicians will cause our politicians to do corporate bidding rather than responding to the needs of citizens? Why is this so hard to anticipate or understand? The fact that this legalized bribery goes on should be the front page headline in almost every newspaper almost every day. (more…)
This post was written by Erich Vieth





