Wanted: Notorious Bureaucrats

Volume 2, Issue 31- August 5-11, 2011

International Tribune

It was the return of the wild, wild, west.  The showdown between President Obama and the Republicans on the nation’s budget could have been another big disaster at home and abroad.  As they say, when America sneezes, the world catches a cold.   The American economy has a tremendous impact on other countries' economies.   At the eleventh hour, luckily, we averted a potential meltdown in the U.S. credit rating dragging down its economy.

Some pundits will say that Obama did not put a good fight for his plan.  Some will say that he held his gun until the very last moment.   Be it as it may, we have now seen that the nation is plagued with Republican robbers and the corporate crooks they are in cahoots with who are determined to tarnish and ruin Obama’s reputation in every sense.  The loggerhead in Washington was nothing but a political tactic recklessly used by the Republicans who refuse to face reality over the budget, government spending and the country’s biggest deficit. 

Government regulation is not the end of the world.  After the financial collapse in Wall Street, what we can all learn from this lesson is that government intervention, especially in banking, is essential.  This is an ideology that Americans must part with.  We watched corporate greed led by hefty paid CEOs rob the country that ultimately contributed to America’s economic decline and the global recession.  Ironically, at the end of the day, it was the American tax payers that bailed these financial giants and now the government is broke.  If not Uncle Sam, someone has to watch these robber barons and monitor corporate greed. 

Today, it is now the reverse, our government is broke and therefore must raise taxes and why not get it from the richer population.  The tea parties that are taking place today are very different from the Boston Tea Party that took place two centuries ago.  Americans no longer need to fear taxation without representation from the British king.  The colonists already won their independence.  Modern day tea-partiers are stuck in the past. It is impossible to curb down the deficit without increasing taxes.  Today, Uncle Sam desperately needs to raise its revenue somehow.   And why not get it from the richer population of our society when the middle class is already suffering from unemployment and inflation.   

If the US goes into a deeper recession, this will result in a domino effect for other countries.   American bureaucrats must wake up and realize that its heyday is coming to an end unless they get their act together.   The political games must stop.  We are not only hurting ourselves at home but the rest of the world.