Peter's Principle at Work

Well, here's a government "solution!" Real estate Redux!

http://online.wsj.com/article/SB10001424052970204908604574334662183078806.html

Peters in Charge!

Apparently our elected officials, right up to the top, and most that head-up our major public institutions are incompetents. The Peter Principle in full bloom (The Peter Principle is the principle that "In a Hierarchy Every Employee Tends to Rise to His Level of Incompetence." It was formulated by Dr. Laurence J. Peter in the book The Peter Principle). It wasn't so bad when the biggest Government business was the Post Office, but now it's banking, lending, financing, auto making, insurance, and next, "Feeeed MEEEE," the health care industry, and energy!

This morning I sold my meager remaining stock market positions. My anger with AARP, which does not represent the very people who are their customers, Seniors, reached a boiling point last week when I realized that it too has been co-opted by POTUS. I canceled my Supplemental Coverage with them and placed it with another agent, one not so cozy with POTUS. To think that nationalized health care for all, with end of life measures and rationed care based upon one's future economic contribution, will be of benefit to seniors is ludicrous. Let's get real.... nationalized health care is all about finding a way of shifting union/employer health care and ongoing associated legacy costs to the pocketbook of John Q. Public; and seizing for redistribution, the entire health care industry's gross profit. The Health Care Industry represents one fifth of the entire American economy.

The Federal Government now owns and or manages: The World's Largest Automaker... GM; The World's Largest Bank... Citi; The Worlds Largest Insurance Company... AIG. Now they want the Health Care Industry... in toto. What will be left? The Energy Industry; Cap and Trade will take care of that! Once these last two industries have been subsumed by Uncle Sam, the only "industry" left will be the mom and pop corner store.

"Hit Back Twice as Hard!"

This was the message sent by POTUS to political party operatives when Seniors recently heated-up townhall meetings. In Ayn Rand's Atlas Shrugged, the protagonist, John Galt, led a group of "rebels" to overthrow the government via a brain and will strike; a strike by the Captains of Industry. The thought was that without those special few that really make it all happen, the government would eventually fail. American Captains are at this moment either being fired, ignored, co-opted, or actively managed by a POTUS Czar. Populism at work... they are an easy target, like a tottering automaker or failing bank is, or like the Jews of Germany were. Once the profit from all major industry has been seized, where is the last remaining storehouse of wealth? America's oldsters, the Seniors. Representative government, where local concerns are taken to Washington has been turned on its head. Representatives in charge now "represent" POTUS ideology, not the People Of The United States. Representative government has failed.

Strike Back!

Now we need another kind of "Strike." We have evolved since Ayn's treatise from a manufacturing based economy to an empty "consumer" based economy. The real "Captains of Industry" are now Chinese. The emptiness of our economy is obvious as China picks up the world's manufacturing mantel. We need a new kind of strike.... a strike by "consumers." Consumers who Care. Those consumers, the ones that buy the big ticket items are the ones that fuel the "consumer" economy. Those purchases have slowed way down already: autos, homes. A solid Strike of further purchases, where one buys only the essentials..... no discretionary spending, no Big Ticket expenditures, will shut the place down. America needs a real energy plan, as discussed previously. America needs TORT reform. America needs honest health insurance reform. Nationalization will not save the day. Wind mills will not power American factories, solar power will not charge-up an electric car. Outsourcing manufacturing will not create good jobs.

Turn-off the Suspension of Disbelief Machine

We have to pull the plug of the fantasy movie-projector. We need to wake-up America. The economy has to get real again. We have to stop the Suspension of Disbelief, cheer-led by the "news" media receiving Marching Orders from above. A serious consumers strike can stop this fantasy science-fiction "C" movie projected by Washington D.C. The federal government, cannot turn a profit, even with a monopoly. Without income taxes generated by real purchases creating real profits from solid goods to fuel federal coffers, government can't stand; Soviets. Manufacturing has all but vanished.... we can only rub one-another's backs for so long..... someone has to "add value" to the mix. We can't all live off the heat of the "rubbing." We can't all be the prostitute, someone has to bring real money to the party.


Cheers, Mel