Townhall
Finance...
Bang
the
Socialism Drum Loudly
by Charles
Payne
May 5, 2012
This is the
way the world ends
Not with a
bang but with a whimper
-T.S.
Eliot, 1925
I’m not
sure how the world will end, but more and more, it looks like the
America I was
born in could indeed end in a self-induced whimper. The last breath of
greatness was forced out of our lifeless body after heading down a path
that
was always ridiculous but for some reason gathered the adulation of
people too
young to know better and too old to care anymore.
Of course
I’m looking ahead to a possible end of the road that would begin with
gathering
momentum with a second term for the current administration. Not only
has the
White House made its animosity for capitalism clear, but it’s confident
enough
to stop cloaking their agenda in false economic rhetoric.
Whether
that is our future remains to be seen, but one thing is for sure, the
decline
is coming with little fanfare and even less outrage. What the heck is
going on?
I thought
there would be riots around the nation of people demanding jobs and
opportunity
but instead we had a busted protest demanding freebies for those that
have put
no skin in the game from those that have made the sacrifices needed to
clear
hurdles to success. We are fading and yet we aren’t screaming. It’s
like a
drowning man in the middle of the ocean who would rather contemplate a
life
lived than spend energy flailing in vain. But we are not in an ocean
and we
aren’t even contemplating. Instead, we simply are sinking.
Today, we
stand prepared to celebrate another month of mediocrity capped off with
job
creation that would be disappointing in normal circumstances but more
so
considering all the pent up demand and greatness ready to be unleashed.
At this
rate, we will go out with a whimper.
The jobs
number landed with a thud, and the stock market’s initial reaction was
Dow down
50 points only to immediately reverse and peak into positive territory.
I’m not
sure why but it could be revisions of +53,000 for February and March,
or the
8.1% unemployment rate, or maybe it’s simply more celebration of
mediocrity
that makes for a great component to an otherwise indifferent slide from
greatness.
Main Street
media focuses on the 8.1% jobless rate, with idiots on many television
channels
knowingly lying to the public about what that number really means.
People
continue to drop out of the American Dream in all facets. In just the
past
month “not in labor force” rocketed up 522,000 to 88,419,000 an
absolute all-time
record as the participation rate of 63.6 is the lowest since 1981.
When a
Nation Falls through Indifference, Does it make a Noise?
The
market is grappling with this number
and how to spin it positively from an economic point of view. Really,
it can’t
be done. We need to bang the drums loudly that the nation can cure
itself and
not with gimmicks but good old fashioned hard work. Just let the system
work
and create more entrepreneurs than couch potatoes. More job creators
than
welfare recipients.
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