As we watch the historical unfolding of the Financial Crisis of 2008, to forget that the Financial Reform of 1999 is here the root cause of the crisis of 2008 is,of course, verboten in the language of the popular press and its repetition of establishmentarian cliche, and solemn warnings about the dangers of ignoring the new intellectual mirage known as Austerity. Forgotten in all this low grade hysteria,a perennial in American politics, is the fact that 'The Market' is simply a mechanism: it is not an arbiter of political conduct nor a guide to moral/ethical action, despite the concerted campaign of Political Romantics masquerading as economists and other forms of literary endeavor. Friedman, Hayck, Mises, and the redoubtable pamphleteer and apostle of unalloyed greed Ayn Rand, represent the central 'thinkers' whose unrelenting propaganda, aided by a network of think tank hacks, and their allies have trumpeted this political theology as 'The Answer' to all questions. We have seen the recovery of record profits for Wall Street, but jobs for us ordinary folk remain out of reach. The Market advocates and their allies in both political parties have no real answers, as we face economic prospects that are unrelentingly dismal.We can only watch as the Republican Party continues to manifest the political irrationalism that 9-11 spawned: raising the question, where are the Republican moderates? If any dare raise their voices amid the din of kleptocratic apologetics. President Obama has shown himself to be an advocate of IMF Structural Adjustment, without apology or explanation to his 'Progressive' followers. We are in need of leadership, but both Parties are failing miserably.

Political Cynic