Philip j. Rappa
Together Forever Changing
An Article
Fear and Loathing in America
The
time has come to take our collective heads out of our bunkers and allow the
light of day to remove the pall of shadows obscuring our perspective.
It’s time to seriously examine the mitigating results of using a
constant state of fear to rule what’s left of our democracy.
Each new terrorist alert has wreaked havoc on my inner child, forcing me
to reprise that careening free-fall down a rabbit hole experienced by
Good
citizens, be mindful of each new revelation spotlighting the latest miscreant to
be added to a cavalcade of characters of elected officials, bankers, auditors,
brokers, lawyers and corporate boards. The
“Code of Honor” of this pernicious unholy alliance of individuals can be
summed up in two words: ambition and greed.
Confidence
games and other flagrant schemes such as Enron and Global Crossing are possible
with the generous assistance from the roguish perps found in both parties of
congress. The Peter Principle, the
theory that all members of an organization will eventually be promoted to a
level at which they are no longer competent to do their job, is the life
force of these shills on the hill. (Our lesson here is; “not only cream rises
to the top”.) Their latest insult
is, “Campaign Finance Reform”, which has as much sincerity as a note from a
philanderer to a pregnant woman confined to a home for unwed mothers.
Yet, there is not a guilty one to be found among them.
If we hung a huge mirror in front of this august body of representatives
there would be no reflection at all – now that is truly the meaning of
transparency.
Today’s
scandals in our financial markets had their auspicious beginnings sowed during a
time known as “Morning in
With
the demise of the “Glass-Steagall Act” of the 1930’s and the destruction
of the firewall of regulations separating the banking, brokerage and insurance
industries, (which was accomplished in the 1990’s), it has taken less than
twenty years for these mask-less bandits to set up history to repeat itself.
Deregulation
has spawned a mindset of arrogance, duplicitousness is the game plan.
False valuations, bogus deals and the massaging of numbers are nothing
more than egregious acts colorfully described as fiendishly clever and artful in
nature. “The New Deal”,
“stakeholder capitalism” (When employee and community interests were
protected, when regulations protected ordinary citizens from the excesses of
capitalism.) is finished, replaced by our latest idiom known as “The New
Economy”.
As
the month of March approaches, three thousand underpaid and understaffed
employees of the S.E.C. (Security Exchange Commission)
will take on the daunting responsibility to examine the balance sheets of
over one thousand mutual funds and over ten thousand stocks.
Burdened at the same time to keep abreast of the latest machinations of
over a half a million brokers and those of investment bankers.
With the stench of scandal still permeating the halls of congress, no
longer is anyone threatening to slash the budget of the S.E.C., nor is anyone on
the hill offering to increase it. It
seems to me, increasing the S.E.C. budget should be part of the “Homeland
Security” pie. The bad news for the investing public is that the S.E.C. has
lost many qualified individuals with years of knowledge and experience in the
ways of seeking out either clarity in financial reporting or fraud.
So, as the Ides of March approaches, let us take our cue from our leadership, “Let’s go shopping”. Better yet, as Peggy Lee once sang, “If that’s all there is my friends, than let’s keep dancing.”
©
Philip J. Rappa
Links
to Our Pages
The Purpose and The Vision:
Our National Proposal and Vision
In Defense of our Civil Liberties
Articles by Norma Sherry
The Day Democracy Was Put On Hold by Norma Sherry
Freedom is Just Another Word for Nothing Left to Lose by Norma Sherry
Ain't Gonna Work on Maggie's Farm No More (Outsourcing American Jobs) by Norma Sherry
Bye, Bye Miss American Pie (Outsourcing American Jobs) by Norma Sherry
Dear American Worker (Outsourcing American Jobs) by Norma Sherry
Once Upon a Time in America (Not a Fable) (Outsourcing American Jobs) by Norma Sherry
I Believe (A Retrospective and a Promise) by Norma Sherry
We Can Make a Difference by Norma Sherry
What Price Glory? by Norma Sherry
Six Steps to Get The Vote Out by Norma Sherry
Not So Gay Times by Norma Sherry
...And God Said by Norma Sherry
Where, Oh Where Have All The Jobs Gone? by Norma Sherry
Never Again by Norma Sherry
A Deadly Secret by Norma Sherry
Pathology of Malpractice by Norma Sherry
Reality TV by Norma Sherry
One for the Gipper by Norma Sherry
Jobs, Jobs, Everywhere Jobs and Not a Job to Find
HIPAA and Other Assaults Upon Our Civil Liberties by Norma Sherry
Eyes Wide Shut by Norma Sherry
Skewed Vision by Norma Sherry
Sugar-Free Reflections of a Democratic Convention by Norma Sherry
Michael Badnarik: Libertarian Candidate for President by Norma Sherry
Que Sera, Sera by Norma Sherry
Suffer the Little Children by Norma Sherry
Katrina's Wrath, America's Shame by Norma Sherry
If it Were Up to Me by Norma Sherry
What Have They Done to my Song? by Norma Sherry
A Child's Dilemma by Norma Sherry
The Ride Home by Norma Sherry
Whose Life is it Anyway? by Norma Sherry
Reaping Profits for the Reaper by Norma Sherry
Genocide by Norma Sherry
A Tribute to the Life of Reverend Dr. Taylor Scott IV by Norma Sherry
Articles by Philip J. Rappa
Warning on Yawning by Philip J. Rappa
What Have We Learned Since 911? by Philip J. Rappa
Rhapsody for Democracy by Philip J. Rappa
Help Me if You Can, I'm Feeling Bad by Philip J. Rappa
In God We Trust by Philip J. Rappa
Fear and Loathing in America by Philip J. Rappa
Open Letter to the President of the United States of America by Philip J. Rappa
The House Always Wins by Philip J. Rappa
Alpha and Omega by Philip J. Rappa
Oh-Sum-Bodies-Been-Lying by Philip J. Rappa
Requiem to the Silliness I Learned in Civics Class by Philip J. Rappa
Storm and Strife by Philip J. Rappa
The Ill-Begotten: Reflections of Unconstitutional Precedence by Philip J. Rappa
High Noon in America by Philip J. Rappa
Do the Hokey Pokey by Philip J. Rappa
Articles by Others
Lawyer's Band to Save the Constitution
Philip's Story:
Philip's Presentations on Personal Responsibility
A Little About Norma:
All About Outsourcing:
What You Can Do About Outsourcing?
Press Releases:
Front Page Story of Creator's Norma & Philip
Together
Forever Changing, Inc.
If
you are interested in joining the growing number of American citizens worldwide
who wish to investigate the crimes of the Bush Administration and want to begin
the process of impeachment, please visit the following websites:
More of Our
Favorite Websites:
Visit
www.Penstrokes.biz
for effective writing.
If
you need words that get results, Penstrokes is
the scribe for you!
American
Civil Liberties Union
For Absolutely
Unique and Original Political Collectibles Visit Our Favorite Store
Great
Lakes Science and Novelty