The Fall of America, Inc.

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  • Posted By: Joe Gibbon @ 10/07/2008 10:07:16 AM

    I cannot believe this statement - "The American brand is being sorely tested at a time when other models???whether China's or Russia's???are looking more and more attractive." That is the most ridiculous thing I've ever heard. This alone impeaches the whole article.

  • Posted By: ForReal08 @ 10/06/2008 11:24:44 AM

    All of you need to learn proper grammer. We complain about a system that has been exploited by our fore fathers. We look at others to resolve our problems. Look at yourselves and the strain you put on the economy. Pulling deposits from the banks. Running to the gas station when there is a tiny scare of a shortage. Fueling the demise of America is in our own hands. We all know that we do not have the right candidates. But, if we all want to blame someone. Look in the mirror and start with yourself. Get strong America.
    Joe/Charlotte

    • Posted By: trimm25 @ 10/07/2008 9:53:37 AM

      Yeah, and don't forget to blame proper grammer. Doi

  • Posted By: Karl Marx @ 10/07/2008 6:46:58 AM

    "But in continental Europe, workers are still treated to long vacations, short working weeks, job guarantees and a host of other benefits that weaken their productivity and will not be financially sustainable."

    One short comment on this sentence:

    it proves a fundamental blind spot of intellectuals like Francis Fukuyama on the human condition of the working life. Most jobs are so alienating that the worker longs for the end signal from the first minute of each working day.
    Denying him the aspiration of "long" (sic) holidays would make his existence something that had better not been. Whether it is sustainable or not, is immaterial: to a poor man it is the choice between luxury once, or poverty all his life.

  • Posted By: Karl Marx @ 10/07/2008 6:35:30 AM

    One phrase struck me:

    "But in continental Europe, workers are still treated to long vacations, short working weeks, job guarantees and a host of other benefits that weaken their productivity and will not be financially sustainable."

    and I would like to offer a comment.

    One of the reasons why capitalism is hated by a majority of humans, is that the bosses in this system do not understand the regime in which workers live their working life. Baésically, from the moment they arrive at the job in the morning, they are looking at their watch to see: how long to go still?
    To me, this is the very definition of "work"People who are not in this condition, are not working, but simply living their lives, no metter how hard they toil or if they are burning their candle from both sides.

    Therefore, to workers long vacations from work is and must be a natural desire. Of course, idling on the beach cannot make a capitalist rich, but for the worker, it is much more valuable than the extra (cheap) trinkets he might be able to buy had he toiled a


  • Posted By: clikdawg @ 10/07/2008 5:09:55 AM

    Well, while we're talking about "tarnished brands" ...

    That which now calls itself the "Democratic Party" consists no more of traditional Democrats than the current "Republican Party" consists of traditional Republicans; both have been hijacked by Wall Street, and are using the familiar brand names to mask their true agendas.

    Be very wary of assuming that the "Democratic Party" represents your economic interests in the same way it did your daddy's; they will sell you out like the Neo-Pugs sold out what were assumed to be traditonal Republican values.

    The "New World Order" to which both subscribe is looking to re-establish a Peonage Society; a better name for the one-party system that our Republic has become would be the "Neo-Feudalist Party".

    But don't take my word for it. Just watch what happens, compadres ...

  • Posted By: achina @ 10/07/2008 4:37:38 AM

    americans too clever to become foolish

  • Posted By: achina @ 10/07/2008 4:36:22 AM

    this article is good,capitalism should learn from socialism

  • Posted By: porochi @ 10/07/2008 1:00:19 AM

    Wow, the author really hates America! So taking more of our money in the form of taxes will solve this? Right...

  • Posted By: David Goodis @ 10/06/2008 11:25:39 PM

    Sorry--"As if these things had been ushered in WITHOUT political terror."

    I was a little too stunned to put my words together properly.

  • Posted By: David Goodis @ 10/06/2008 11:19:55 PM

    Talk about the end of history. Fukuyama writes about these issues as if a) he hadn't once argued that the deregulated economy, combined with liberal democracy, would bring about "the final form of human government" and (if that isn't chilling enough) b) deregulation and "reduced government" had never been ushered in without political terror. Is he deliberately turning a blind eye to this stuff?

  • Posted By: Krohn @ 10/06/2008 8:15:16 PM

    The Antichrist!:
    When George Soros failed to obtain the election of his candidate, John Kerry, in 2004, he brooded for a while, even said he might get out of politics altogether, but he just couldn???t stop himself. He has stated publicly that he wishes to burst the ???bubble of American supremacy,??? because he says our preeminence in the world is a detriment to global ???equilibrium.??? So far, he has failed, but he keeps on trying.

    And Mr. Soros has made no secret either of the fact that he sees the shortest way to effect political shake-ups, what he terms ???regime changes,??? is through very difficult economic conditions.

    America has not yet felt the full force of Soros style economic shock treatment. But others have.

    Soros made his first billion in 1992 by shorting the British pound with leveraged billions in financial bets, and became known as the man who broke the Bank of England. He broke it on the backs of hard-working British citizens who immediately saw their homes severely devalued and their life savings cut drastically in comparative worth almost overnight.

    When the Asian Financial Crisis of 1997 threatened to spread globally, George Soros was right in the thick of it. Soros was accused by the Malaysian Prime Minister of causing the collapse with his monetary machinations, and he was branded in Thailand as an ???economic war criminal??? who ???sucks the blood from the people.??? Right in the middle of this crisis, Soros dashed off his book, The Crisis of Global Capitalism, which demanded a ???third way??? toward economic stability.

    Wake up, America, before it is too late!!!!

  • Posted By: aristotelian @ 10/06/2008 4:56:37 PM

    cani77 4.44pm

    Quote, "worse than the great depression"?

    Well get ready for the next world war then, 'cos that's where it ended.

    Remember the old wartime adage, loose talk costs lives.
    Take care with talk about depressions.

  • Posted By: cani77 @ 10/06/2008 4:44:22 PM

    In a few weeks we will make a choice that will decide our future.
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide the largest morgage bank in the world,Bear Stearns, Lehman Brothers and Merrill Lynch which are 3 out of the top 5 wall street firms. Also, Fanny and Freddy Mae which hold 50 percent of the home loans in the United States.
    The government took them over because they are essentially bankrupt.If they didn't the entire financially system would virtually shut down, the stock market would crash and we would suffer beyond what any of us have seen before.

    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
    It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.

    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He either didn't care or didn't realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime.
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a tanking economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?



    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time
    running the biggest smear campaign in history.



    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that .
    Elect Obama Biden 2008


    Check out this video of sarah palins interview it will blow you away
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: fsilber @ 10/06/2008 3:47:16 PM

    Is it really important to sell the American brand? During the Cold War we were opposing a satanic ideology with worldwide ambitions; Islamism might fall into that category, but joining us in opposition it does not require any particular social or economic system. If we are not going to overturn evil governments such as Saddam Hussein, or support good ones such as Israel, who gives a fig what foreign governments do within their own nations and to one another? It's none of our business, nor is it our business to cultivate future economic competitors.

    What we need to do is fix our own economic an cultural problems in the American Way, and let the rest of the world do as it pleases. Europe hates not just Bush; they hate the mentality of all Americans who voted for him (e.g. NRA members and Evangelical Christians). An Obama victory is not going to change that. What good does it do for my country's leaders to enjoy foreign support if I despise them myself?

    America is out-of-step with the world, but we are right and they are wrong. Since we have neither the power nor the will to rule them, the only reasonable response is to stand down from world leadership.

  • Posted By: aristotelian @ 10/06/2008 3:37:41 PM

    Blame Reagan for the dysfunctional US economy which has polluted the global financial system with toxic debt and capsized it? I don't think so.

    As to the notion that the US can re-invent its global capital model, this is even less likely.

    The US has lost the magic ingrediants of trust and confidence through its "Fraud Street" practises.
    It has forced Europe, and the rest of the world together and look out for themselves.

  • Posted By: blackcourt @ 10/06/2008 3:21:26 PM

    Barack Obama was the 2nd highest paid politician on Fannie Mae and Freddie Mac books over the last ten years... and he's only been on the books for three. Whats that tell you about democrat involvement in our current economic crisis?

    • Posted By: humbird59 @ 10/06/2008 3:33:35 PM

      AMEN! Why does the media not report this? Then their extremist candidate might be scrutinized and may be unelectable.

  • Posted By: aaref @ 10/04/2008 10:32:20 PM

    As a US educated non-terrorist Moslem from Bangladesh who has naturally looked up the US not only for its blue jeans and Hollywood but also for the idealisms it has always portrayed, Sarah Palin, for me has been the last straw, that just may break the mighty US's back. Ever since TV, Americans are so obsessed with style over substance, its embarrassing. She is not running for the PTA, people. If the 71 year old president is incapacitated for any reason in the White House, the very idea of this woman with the codes to the nuclear arsenal is not only a nightmare, its is outright a vision from the Animae cartoons. I am still waiting for her to throw her glasses away, do a Pamela Anderson swish of her hair, wink at the camera and mimic the babes of the David Lee Roth videos. This is a person after all whose foreign policy experience consists of being sandwiched Russia and Canada... whoppee....M.K.Aaref

    • Posted By: dctackett @ 10/06/2008 3:13:42 PM

      No kidding... Palin thinks the world is 6,000 years old and people and dinosaurs lived together... she's a nutbag and people without reason eat it up... that's why republicans are so against universal education and always try to eliminate it or replace it with indocrination.

  • Posted By: Hiroshi @ 10/06/2008 3:10:50 PM

    History seems to be alive and kicking and on a downward trajectory. Maybe Professor Fukuyama's next book should be entitled "History: No End in Sight."

  • Posted By: Nowforthetruth @ 10/05/2008 2:12:25 AM

    Obama is getting a bump out of this because people are not being reminded of the whole history where the economy is concerned, and who did what when. Call it bias by omission. The media simply says that the economy is Obamas strong issue, but never discusses the facts in detail. Further, who had a majority when is rarely relevant. If the simplistic Party In Power model were true, then the Democrats would not have needed the House Republicans when they tried to pass the bailout bill, as Democrats have the majority in both houses and there is no threat of a veto. In theory, they do not need the Republicans to vote at all. In fact, something like twelve (12) Democrats from Barney Franks own banking committee voted against the bill. Obviously, it is not so simple and the media does the voter a disservice by doing little more than reinforcing the error. A similar argument would be to say that the economy appeared to be doing fine until the Democrats took over control of Congress and the power of the purse, then it tanked. As an aside, the media also misleads regarding the Clinton economy when they fail to mention that it also ended in a recession, requiring the first round of Bush stimulus checks immediately after he took office..

    Do Obama and the Democrats deserve a lift in the polls as a result of the financial and mortgage problems? The answer from history is a clear NO. Here's the lead of a New York Times story on September 30, 1999: Fannie Mae Eases Credit To Aid Mortgage Lending [link below]. That's 1999 folks. Clinton Administration, I believe.

    Here's the lead of a New York Times story on Sept. 11, 2003: The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. [see link below]

    McCain said in co-sponsoring the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190: If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system and the economy as a whole.

    What was Barney Frank and fellow Democrats saying at the time of these attempted reforms? According to reports, Representative Barney Frank(D-MA) claimed of the thrifts "These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." Representative Mel Watt (D-NC) added of the reforms "I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing." [ See Community Reinvestment Act, link below w/ history]

    • Posted By: dctackett @ 10/06/2008 3:09:43 PM

      NowfortheFauxNewsSpin... are you just an Faux-Conservative operative?.. because you're just repeating their talking points... but hey, it works with people that don't know anything and can't think for themselves.

  • Posted By: PacificGatePost @ 10/05/2008 3:09:33 AM

    American Model?

    This crash has nothing to do with it. It was abuse of the system by executives AND Congress.

    ANY WONDER CONGRESS IS CONFLICTED?

    UNFORTUNATELY, the list of those in Congress who enjoyed Fannie's and Freddie's beneficence includes Democrats and Republicans, and is deep and wide, although, Dems received almost three times the amount received by Reps.

    • Posted By: dctackett @ 10/06/2008 3:07:37 PM

      unfortunately this isn't all fannie and freddie's fault... it's deregulation that allowed bad financial instruments and lending practices... I do agree there are Republicans and Democrats to blame, though, the lion's share belongs to the Republicans and their failed deregulation and deficit spending ideology, as well as manipulating the media and their inability to be honest with the public.

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