Is Obama Gorbachev? (James Howard Kunstler)

[Tace]

James Howard Kunstler -- World News Trust

July 20, 2009 -- The eulogy for Walter Cronkite as "the most trusted man in America" on the CBS "Sixty Minutes" show said a lot about the condition of this nation -- though it did not signify what CBS thought it did.

It wasn't about the death of one hugely esteemed individual; it was about the broad institutional failure of TV news in general and the current grievous loss of legitimacy and authority in shaping a national consensus of reality. Watching the old clips of Cronkite delivering the evening news years ago, one couldn't help weighing the contrast with the current spectacle of snide, combative, overbearing idiocy acted out nightly by the likes of Kudlow, Olberman, Kneale, O'Reilly, Matthews, and Dobbs as they shout down their invited guest commentators, pander to their demographic, and diss their rivals for ratings.

It was instructive to notice that the program following "Sixty Minutes" -- in the supreme weekly slot of 8 p.m. Sunday -- was a childish and stupid "reality" show called "Big Brother." This said even more about the craven quality of the people currently running CBS. It was also a useful lesson in the diminishing returns of technology as applied to television, since it should now be obvious that the expansion of cable broadcasting since the heyday of the "big three" networks has led only to the mass replication of video garbage rather than a banquet of culture, as first touted.

It should remind us more generally that when a society's operations become broadly fraudulent and unreal, authority and legitimacy wither. This is analogous to the position Barack Obama now finds himself in. He was elected as the politician most trusted in America to change the fraudulent and unreal operations of the U.S. government. Don't bother protesting that all politics is necessarily unreal and fraudulent. If it were so, you'd have to argue that the U.S. Constitution was wholly a fraud, as well as Madison, Jefferson, Hamilton and the rest. It only has strong tendencies in that direction. (The Declaration of Independence was itself a direct strike against the fraud and unreality of British royal governance in America.)

As president, Barack Obama is faced with the essential fraudulence and unreality of the U.S. economy. Notice that, as ominous as they are, the wars in iraq and Afghanistan have generated only minimal protest so far in the early Obama period, despite the fact that they are not operationally different from their conduct under Bush. There is no protest because, for now, a consensus exists that our troops are in these places for perceived reasons -- to keep Mideast oil supply lines open... to keep Islamic maniacs busy in their own backyard instead of on U.S. territory... to keep Iran in a vise... to maintain the American "empire" (take your pick). There's something there to appeal to a broad majority of US voters. Unlike Vietnam, Iraq and Afstan are not perceived as out-and-out frauds.

But the economy is.

more

http://www.worldnewstrust.com/wnt-reports/commentary/is-obama-gorbachev-james-howard-kunstler.html

[kenny blankenship]

1. People should read the rest of the piece

Since September of 2008, when Hank Paulson began shoveling bail-outs to the very banks who screwed the world on fraudulent and unreal securities, and left American society comprehensively bankrupt, the consensus has only deepened on the perception of an historic swindle. And so far, President Obama has positioned himself as chief enabler to further swindling. One need look no further than the rulings this past spring of the Financial Accounting Standards Board (FASB) as authorized by the Securities and Exchange Commission (SEC, an official government agency, created 1934), which have allowed the biggest banks to pretend that the fraudulent paper in their vaults does not have to be recorded as a loss on their books.

The U.S. economy is now dying a slow and painful death because it had become based on activities that had nothing to do with producing real wealth. Instead, it became dependent on rackets, that is, behavior geared to getting something for nothing. These rackets are often summarized under the acronym FIRE (for finance, insurance and real estate), a system set up to strip-mine profits from the wish commonly labeled "the American Dream" -- itself largely a product of televised advertising and propaganda. The end product of all that was the doomed economy of suburban sprawl, an infrastructure for daily life with no future in a world defined by fossil fuel scarcity. The unraveling of debt at every level now is directly related to the mis-investments made in that way of life.

By now, it's self-evident that the "change" voted for in November's election was too horrifying to articulate. It still is. The suburban sprawl economy was all we had left. Now it's gone and we're stuck with all its deleveraging after-effects -- the worst case of "buyer's remorse" since the fall of Nazi Germany. Thus, the only "change" that President Obama can really work for is the health care system, which is a life-and-death matter. The sordid rackets so ostentatiously infecting the system boil down vividly to lives ruined and bankrupted, and a system more frightful to deal with than disease itself.

Best line saved for last:
"It would be one of the supreme ironies of history if it turned out that the United States was incapable of ending its most self-destructive rackets peacefully and bloodlessly, while the Russians shucked off its Soviet racket like an old sweater."

[sharp_stick]

2. The Soviet racket

although appears alive and well with good ol' KGB chief Vlad Putin at the helm. These old regimes don't go quietly without a purposeful purge following the changeover to new bosses.

[timeforpeace]

3. And we're mired down in Afghanistan. Supreme irony indeed.