Perry Glasser

SHOOT THE MESSENGER – S&P DOWNGRADES US

In Business, Economics, Economy, Finance, Personal Finance, Politics, Wall Street on August 8, 2011 at 11:00 am

The Weasels and Wizard coalition is taking a hit on the stock market, so bad that the Buccaneers are feeling the pinch. My God, what if bonuses this year at Goldman’s are less than $500,000? Will we have to sell the place in the Hamptons so Junior can pay for Yale?  Doesn’t anyone understand what is at risk here?

Member of the US House

Naturally, the Weasels first response is to point at the Wizards, which is why the Sunday morning talking heads on TV were all about how irresponsible Standard & Poor’s. When you do not like the message, shoot the messenger.

Plenty of analysts out there will tell you what you should or should not do to protect your kid’s college funds or your retirement funds, but since Dollar$ has a clouded Crystal Ball and our Magic 8-Ball is in the shop, we will take the opportunity every Citizen should, which is to send a message to the Weasel crowd to stop covering its own ass and get serious.

Top economist for S&P

Dollar$ points out that foreign adventures are projected to cost us more than $3 trillion  with no hope of ROI, yet if you read the rhetoric spewing out of the mouths of some of our fulminating conservative leadership and talk radio Percocet junkies, the US is being bankrupted by teachers, who insist on decent wages for working with our most important asset, youth, and pesky senior citizens who are living too long.

Crap.

Anyone in the US smarter than a carrot knows it is crap.

Smarter than a Weasel

Any discussion of what we can afford, not afford, and what we need to borrow now to do now but must pay for later that omits military spending is going to get us further in the hole.

We are not buying security. Our security is not now at risk, and arguably never was. We have spent a decade making war on shepherds and goatherds in Iraq, hanged Saddam long ago, though we never found weapons of mass destruction.  In Afghanistan, we are fighting the Taliban, the same organization that defeated and bankrupted the Soviet Union. We found Bin Laden—hiding in plain sight in a porno-filled mansion in Pakistan, a mission accomplished with courage, training, and intelligence. If we are not firebombing the poppy fields that become heroin in the veins of people in Detroit, New York and every other American city, WTF are we doing in Afghanistan? Where is our national interest?

We fight a foe that fights back with bombs in its underwear while we contract Athlete’s Foot in airports.

Where we have tasted victory, we killed our enemy with intelligence and courageous men. Last weekend, we saw the consequences of leaving courageous men in harm’s way after their mission was accomplished.

Iraq is not a poor country—it has huge stocks of oil. Let’s get out of their way. If internal strife among warring tribes and sects will ensue, so be it. There is no evidence that an American military presence can change the enmities of hundreds of years. Would anyone care to try that with Hindu vs. Muslim populations in Asia? Arabs and Israelis? Muslim sects in Syria, Libya, Egypt?

Let’s go home and kiss girls in Times Square.

Military expenditures are the only entitlement that seems to not be on the table, ever. If you give $1 to a senior citizen, the citizen buys $1 worth of goods or services, which gets taxed, raises revenues, and goes out again in social programs and infrastructure that enhances US productivity. If you spend $1 on a helicopter, and that helicopter crashes and burns, not only do we lose brave men and women, we can only build another helicopter, a boon to military suppliers, parasites on the state, wholly worthless to the rest of us. It doesn’t even buy us security.

None of this criticizes brave soldiers doing their duty. What is criminal is that we are sending those brave men and women into harm’s way.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: