Cowboy Confessional

American aren’t thinking highly of their government these days, which should surprise nobody outside the beltway.  Sure, Dennis Kucinich appears perpetually surprised, but after years of ugly-induced involuntary celibacy he landed a babe into matrimony, which should surprise him (surprised me).

Rascals at Rasmussen report that 13% more Americans think the government operates outside the authority granted in the Constitution, that quaint legal document that is the express written will of The People.  Ignore bank bail-outs, motor car company recues, illegal control of substances, an inappropriate/illegal/ineffective energy department and Barney Frank – a healthy plurality of people (44%) understand the limited and enumerated powers within the Constitution.  They recognize that Congress is the recurring culprit, and almost as many want the Constitution to be made even more restrictive.  This may explain why more than 65% of voters are “angry” with their government and 40% are downright PO’ed.

Oddly, the newly enlarged Republican caste in Congress seems as nearly clueless as the last bunch, which is an impressive feat.  Elected in response to a government gone berserk – the most significant recent element being Obamacare – the GOP has tentatively decided to keep part of the dismissed majority’s agenda, and preserve several unconstitutional sections of the unpopular Obamacare package.

Republicans don’t believe in gun control because they reserve the right to shoot off their own toes.

One reason for rabble resentment is that folks are frankly fed-up with the Fed.  During the alleged rescue of the economy – something difficult to demonstrate to the populace as unemployment rates rises – this unelected branch of the government bought several metric tons of junk investments: paper so devoid of value that no rational investor would acquire it for sanitary purposes.  Even if entirely unconstitutional, many people might approve of a money making investment by Uncle Sugar.  Buying garbage by pumping printing presses into overdrive creates the opposite reaction by creating a future inflationary burden previously unimaginable (tonight, when tucking your children in, tell them a little bed time story – one of a magical future where prices will rise 20% a year while the government takes 75% of their paycheck, and how they will enjoy eating dinner from an Alpo can).

The Fed is pushing economic rope, which works about as well as pushing the regular variety.  Without someone pulling on the other end, the rope merely bunches up in the middle.  Hence banks and corporations are holding enormous amounts of cash, it being freely available yet having no safe place or time in which to invest it.  Keynesian Keystome Kops insist that pouring more water into the barrel will cause people to drink more water (when actually it will only cause the barrel to eventually burst).  It matters not how much money you, I or Bank of America has – without buyers or businesses willing to bet on their futures, there is no means to spend and invest.  The rope coils and we head back to the unemployment line (durn, that line just got 0.2% longer).

American aren’t thinking highly of their government these days.  A disobedient government, Evel Knievel economic maneuvering with Zimbabwean long-term effects, and Nero’s descendant in the Oval Office are enough to make everyone think acrimoniously of Washington.  The Fed should quit pushing rope lest The People find a different use for it.

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This entry was posted by Guy Smith on Friday, December 3rd, 2010 at 3:21 pm and is filed under Constitution, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.