What Time Is It? → Washingtons Blog
What Time Is It? - Washingtons Blog

Friday, September 12, 2008

What Time Is It?

The thickest Democrat hopes that Obama will "restore" America, and "undo" the damage caused by the Bush administration.

People who think a little deeper say the Bush administration has rolled us back to the days of Nixon and Hoover and Cointelpro and stagflation.

Students of history think of Nazi Germany.

People studying the economy say we are teetering on the brink of a crash not seen since the great depression.

So what time is it?

Well, many people believe that the illegal acts and usurpations by the Bush administration are even worse than those of King George before the American Revolution.

And because fundamentalism is sweeping not only America, but much of the world, maybe we're going to undo the Enlightenment and go back to the Middle Ages.

Do you think I'm exaggerating?


But a highly-regarded economist (Michael Hudson, Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research, and who is a former Wall Street economist at Chase Manhattan Bank who also helped establish the world’s first sovereign debt fund) said:

"You have to realize that what they’re trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions. They’re not trying to make the economy more equal, and they’re not trying to share power. Their greed is (as Aristotle noted) infinite. So what you find to be a violation of traditional values is a re-assertion of pre-industrial, feudal values. The economy is being set back on the road to debt peonage. The Road to Serfdom is not government sponsorship of economic progress and rising living standards, it’s the dismantling of government, the dissolution of regulatory agencies, to create a new feudal-type elite."
Are we willing to let them take us back to the Dark Ages? Or are we going to fight to keep the hands of the clock in the present?


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