Saturday, June 18, 2005

Who's Driving The Bus?

One can only wonder where the Bush administration is taking us.

First, there seems to be a bizarre reluctance on the part of the Bush administration to protect our borders. Case in point, the individual in this article is about as bizarre as the reluctance of the Bush administration to do something about the situation.

On April 25, Gregory Despres arrived at the U.S.-Canadian border crossing at Calais, Maine, carrying a homemade sword, a hatchet, a knife, brass knuckles and a chain saw stained with what appeared to be blood. U.S. customs agents confiscated the weapons and fingerprinted Despres. Then they let him into the United States.

The full story can be read here.

I'm reminded of the pun that went: if the terrorists want to smuggle a nuclear weapon into the US all they have to do is hide it in a bail of marijuana.

Then on the fiscal responsibility front, things are getting equally bizarre.

From the link...

Why then, during a period of relatively rapid inflation, is the outcry so muted? Why is the government so quick to claim victory over an adversary that is so clearly winning the fight? I believe there are two primary reasons for this apparent paradox. First, in the 1970s and 1980s, when America was a nation of savers, most people easily perceived how inflation robbed them of their purchasing power. Today, American debtors sees inflation as their salvation, as rising home prices and equity extractions increase their purchasing power. Second, as the Fed deliberately peruses a policy of inflation as a means of repudiating government debts, as well as bailing out other borrowers, including hedge funds and homeowners, it can only do so to the extend that it conceals it true intentions from America's creditors. If the world's savers only knew the truth, interest rates would soar, bursting the bubble economy the Fed is trying so desperately to keep inflated.

As I've said before, if a group of conspirators gathered together to plot the destruction of America, they could not design a better master plan than what is currently taking place in this country today.