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"Rumblings In The Distance"

Recorded 12-26-10

 

1) 2:23 Rumblings In The Distance (long) Mp3

2) 2:04 Rumblings In The Distance (short) Mp3

 

Rumblings in the Distance

[col. writ. 12/26/10] (c) '10 Mumia Abu-Jamal

 
As the Great Recession of 2008 slowly recedes into memory's rear view mirror, voices are beginning to rise about economic, political and social threats to come -- mostly tied to the malfunctioning, or unacceptably slow recovery, of the American economy.

 In a recent edition of FOREIGN AFFAIRS, (vol.89: no 10) former government officials, business leaders and/or scholars joined in predicting dark clouds on the horizon.

From former Council on Foreign Relations (CFR) head, Leslie Gelb, comes a now repeated epiphany on U.S. decline in economic and therefore, global power.  Roger C. Altman and Richard N. Haas, former high level officials at the U.S. Departments of Treasury and State, respectively, warn that rising levels of federal debt will push the nation into severe austerity measures, affecting all degrees of federal spending, requiring severe cuts in public service.  And Nicholas Eberstadt, a political scientist at Enterprise Inst., warns of the all but imminent rise of China, even as U.S. birth rates plummet, and U.S. education hits its lowest ranking in years.

 In short, U.S. elites predict bad economic storms breaking over America; a prediction that may prove too true.

Interestingly, Altman and Haas pointed to Bush era fiscal policies as those which triggered the present economic catastrophe.  "Interesting', because the very policies he championed -- such as deregulation of business -- are fast making a comeback in Congress, so perhaps we've not seen nothin' yet.

Years ago, toward the end of the '60's, the noted husband  and wife team of historians, Will and Ariel Durant, in their Lessons of History, (1968:MJF Bks.) wrote:

           ....[T]he men who can manage men manage the men who can manage only things, and the men who can manage money, manage all. (54)

The money managers have raided the till of the nation, and they have still not had their fill.

 
--(c) '10 maj

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