President Issues Warning to Americans

Freedumb, Freedumb, Read All About It! “We were told that markets knew best, and that we were entering a new world of global growth and prosperity,” Mr. Schumer said as the committee greeted Mr. Bernanke, who is testifying on Capitol Hill for a second consecutive day. “We now have to pay for the greed and recklessness of those who should have known better.” It is time, Mr. Schumer said, for the American economy to be revived as the “engine of prosperity,” rather than as a “casino” for high-rollers in the realm of finance.
What factors changed Market Supply & Demand Fundamentals to Freakohnomics gone berserk? From cheaper goods and services available to all through continual advances in science, technology and mass production, to 'Whatever The Market Will Bear' depending on how great the need for sustaining Life? The answers lie in Power, Greed, and Stagnant Energy Science. In a world of exploding human population, with its myriad needs, wants and desires, the economy keeps falling, with more and more working people around the world, poorer, lacking basic needs and going hungry. Freakohnomics: The new 21st Century Supply & Demand Economics - absolute greed, absolute power brings on absolute madness - Turns into Freakohnomics gone berserk. Or mafia economics by deliberate Design - the greater the need, the higher the price of all commodities required to sustain Life. The Outcome, economic strangulation and workaholic enslavement of a people was not designed by the lord thy God, nor (for the non-believer) is it a Natural or Nature's Law, nor a Scientific Law

The Deadly Dangers of a Mis-informed, Dis-informed & Un-informed Population, Ultimately to Itself, History Provides Ample Evidence.

The Solution: The Promise of New Energy Systems & Beyond Oil

Evaporates the Problem: The ill designed "Corporism: The Systemic Disease that Destroys Civilization." when lacking a Bill of Rights for Human Life

Mild shock and disbelief barely registered in the nation of the most productive, overworked, underpaid, underinsured, vacation deprived, low paid slave/workers in the world, as they watched their bridges fall down along with their retirement savings in equity & stocks, while their taxes, gas, energy and food costs continued skyrocketing to uncharted realms and many continue to lose their homes and go hungry; as the masses stagnated in unmovable traffic, and government departments threatened to close due to lack of funds - On the bright side, the worldwide corporate 2% greedy guts, individually, had aplenty, more wealth than 30 nations combined, apiece.... irrelevant to who is paying for their errors (as in subprime loans).

As common sense in science is lost with the continued stagnation of our energy base and deep troubling theoretical foundational issues in physics, so too, Civilization's Survival Parameters fly out of sight, out of mind, along with the values and morals inherent within new scientific understanding which new energy systems would reveal. Scientific Stagnation bodes an ill wind to evolution, sustainability, and survival as "cycles of humiliation, dumbing us down, violence, and Unrestrained Corporate Greed prompting resource wars with nuclear finality" join hands with global warming and ecological imbalance to precipitate the historical "rise and fall of civilization" - a Tsunami accelerating toward us with a far more spectacular event than the legends and myths of 'Atlantis and Lemuria"........ had more people known that Energy from Corn (or going backwards to a dimwitted concept of radioactive nuclear power application ) sounded a wee bit kindergartenish and senile for the twenty first century......the Future may have had a chance.




NYT September 25, 2008
President Issues Warning to Americans
By DAVID STOUT
WASHINGTON — President Bush urged the American people and their lawmakers on Wednesday night to support his administration’s vast economic-recovery package, saying that a failure to do so could plunge the United States into “a long and painful recession.”
“Fellow citizens, we must not let this happen,” the president said in a speech from the White House.
Mr. Bush sought to rally the country in the kind of bipartisan effort he said was needed, not just to preserve American investment firms and big businesses but the savings and aspirations of millions of citizens in cities and on farms across the country.
“This rescue effort is not aimed at preserving any individual company or industry,” Mr. Bush said. “It is aimed at preserving America’s overall economy.”
The $700 billion plan his administration has put forth would normally be anathema to him, Mr. Bush said, because he typically would adhere to his philosophy that “companies that make bad decisions ought to be allowed to go out of business.”
But these are not normal times, he said, warning that without quick action, “America could slip into a financial panic.”
The president’s address, about 15 minutes long, was at once a plea for political action, an appeal to ordinary Americans that he understands their frustration and anger and a reaffirmation of his basic faith in capitalism.
One cause of the current problems, he said, is that for years foreign money poured into the United States because it is such a good place to do business. But he conceded what has become obvious in recent months: that confidence led to excessive optimism about the prices of houses, excesses by borrowers and lenders alike and, ultimately, far too much faith in complex mortgage-backed securities.
“We cannot risk an economic catastrophe,” the president said at the outset. Later, he said that “the irresponsible actions of some” should not undermine the financial security of all. ...full text