The Extremists & The Rest of Us…A Fairy Tale…

Once upon a time, in a land that was the mightiest throughout the world, the people in charge known as “Boomers” became very disgruntled and returned to their roots of activism; well, actually, only a small number of them did, but the media made it seem like it was lots & lots of them…

Yes, the protestors, on both sides of the political divide, became very ugly…ooops, uh, vocal… about their unhappiness with many things the rulers of the land were doing, things like:

  • Passing “health care reform” where the peoples’ money was to be used to keep lots & lots of loyal subjects from, well, dying because they couldn’t afford care
  • Or not passing any reform on the practices of big entities called “greed factories”…oops, sorry again, “financial institutions”]
  • Or not addressing a problem called “illegal immigration” whereby millions of people from other lands could sneak in without permission & get work, a  place to live, healthcare, and generally act like they belonged there…

The most well known protestors were called “tea partiers” (not because they were much for partying or tea…but that is another fairy tale for another time) and they were lead by a beautiful & vapid princess called “Sarah” who brought them to frothy heights of discontent with beautiful images of mustached tyrants, bucolic concepts of “reloading” as in guns,  and “death panels.”  And they were portrayed by the mainstream media as representing what most people of the land believed.

But low and behold, the tea partiers were actually:

  • only 24% of all registered voters, including the Boomers
  • overwhelmingly White & male
  • retired or semi-retired so they had lots of time on their hands
  • or unemployed so they had lots of time on their hands and they were really cranky…

These subjects’ main complaint was that government programs designed to help the people of the land, are bad…except the ones they use (as, alas, many of them were on a thing called “Social Security,” a government program designed to help the aging people of the land…or something called “unemployment compensation,” a government program to help people pay their bills while they’re out of work…).

And they vowed to take their revenge on any of the land’s leaders who voted for any new such programs like health care reform, which they didn’t believe to be needed since most of them would soon be eligible for “Medicare” – another government program providing medical coverage for older subjects…

But alack, what about the other 76%?  Where did they stand?  What did they want?  Why were their voices not resounding out across the land?  Where were the women?  The non-White ethnic groups?  The non-retired & employed?

Unfortunately for the mighty land, based on a type of governance called “democracy” whereby it was the peoples’ votes and knowledge of the issues that the rules of law were made, as it turns out the majority of its subjects didn’t vote, got there “issue knowledge” from 2 minute “sound bites” designed to inflame more than inform, or just stayed silent in their own discontent about the discontented minority.

Then there were things called “polls” whereby subjects were asked what they thought about things.  And one such poll in a part of the land called “FloriDUH” showed that most subjects were against the new healthcare reform.  Alas, the poll had what was called a “margin of error” (how likely the poll sampling reflects the rest of the land’s views) of 15% – a credible poll has a margin of error of no more than 3%; 10% is considered highly unreliable – which meant that the poll reflected the actual views of… those polled….  And they lived in a State where subjects regularly re-elected legislators who polluted the environments on which the main source of income was dependent (tourism), decried “government spending” while grabbing their share of it, and balanced their budget by giving their big businesses lots of tax breaks while decimating all the programs for their most vulnerable subjects (from the developmentally disabled to abused/neglected children).

Thus, over a short period of time, and with help from the entire range of main stream media, it appeared that a minority of the land’s subjects would be able to dictate what the majority would get & what they “should” believe.  Why did the majority put up with this?

Would they remain silent no more, understanding that so long as they did, the country would not be “majority ruled” any longer?!

We don’t as yet know the answer, but the moral of the story is:

In a land where the majority rules, and that majority is a “silent” one because they are either apathetic or “too busy to get involved,” the many will see their fate sealed by the will of the few…and in any other land, that is called “dictatorship.”

This Boomer's Idea of the Perfect Bail-out Package

The sky is falling, the sky is falling!!!!

 

Or, more accurately:

 

The stock market’s crashing, the economy’s tanking!!!

 

The former, I think, is true only in that as we continue to pull lots of carbons out of the ground and spew them into the air, the sky falls ever closer to levels of damage beyond repair in this century.

 

The latter, I think, is more a matter of melodramatic, histrionic thinking seeded by failed but still very powerful bankers/corporations who don’t want to be held fully accountable for their bad behavior and exceptionally poor business practices like they will be if they have to handle this all by their weeny little selves.   They know that a “bail-out” will save their beautifully-clad asses and shield them from losing their personal shirts. 

 

They also know that the alternative will NOT cause the economy to collapse albeit the process won’t be pretty, for sure, but WILL force them to face and deal with the collossal pig-sty they created (my apologies to pigs…), with all the lost compensation that goes with it.  Over 200 very credible, highly regarded economists and scholars agree: this mess might get a little ugly, but will work itself out without one penny of government “bailing” money.

 

Finally, they are banking on (pun intended) the demonstrated m.o. of Americans these days, led by we Boomers (and unlike our parents); that we are not much for sacrifice on any level, are driven by the need for immediate gratification regardless of its long-term consequences, and therefore we will fall for anything that will keep us from the pain associated with atoning for our own glaring mistakes (making unabashedly bad if not somewhat greedy decisions to take on mortgages we couldn’t afford, with incomes that didn’t warrant the amount we borrowed, gambling on a big pay-off in a few short years as though our homes were a mini Vegas….).

 

Are they right?  Well, so far, they’ve completely underestimated the American public.  One point for us!

 

But the “bail-out” package is still worming it’s way through Congress (having at this writing won support in the Senate and now on its way to the House), and given Congress’ indebtedness to the bail-outees, will most likely pass.  One point for the bankers.

 

So, given that we Americans have a poor track record of holding our representatives closely accountable for their actions/lack thereof, an equally poor propensity for voting at all let alone voting anyone out of office for glaringly self-promoting performances, and our representatives’ certainty of this, what we want at this point really doesn’t matter. 

 

I guess you know that by now, given that an overwhelming majority of Americans are against the bail-out and it’s going to happen anyway.  Congress’ justification: we’re just too uninformed (read stupid) to know what’s really best for ourselves…and I have to admit they have a point as it relates to who we’ve chosen through our own apathy as our government leaders….  But they’re more than willing to accept our exceptional thinking prowess when we do vote and cast one for them, so I guess that’s where our brain power really lies…(?!)

 

Anyway, back to the bail-out.  Since it will happen, here’s a list of revisions to the provisions that I recommend Boomers insist upon when (and I hope it won’t be “if”) you call your Congressman today and tomorrow morning:

  • The amount not be a flat $700B with a phase-in component ( we know from experience that they will spend it all, and more…), but instead be authorized for only the first “phase in” amount of $250B: anything thereafter must be subject to Congressional vote, just like this was;
  • The “requirement that the Treasury Dept. make rules to prevent excess executive compensation” have a specific time-line by which that report will be due; the same goes for the President’s “established plan to recoup the cost from the financial industry if, after five years, there are any losses”;
  • “Cap deductibility of executive’s pay packagesfor firms that get $300M or more from the program…”?! I DON’T THINK SO….  Cap executive compensation period, at $500K for firms who get any bail-out money whatsoever
  • Oh, and the whole idea of raising the FDIC guarantee amount to $250,000 from the current $100K?  That is simply a ploy to get some folks to vote for this package.  It is not something that will ultimately benefit any more than 5% of Americans (personal or business), and it will simply increase what we’ll have to “bail out” when banks behave badly again…and I promise you, without serious regulation/oversight, they will – their historical track record proves it.  Eliminate this provision;
  • As for the ever-present and quite predictable throwing-in of all sorts of items that have nothing to do with the activity of “bailing” – inasmuch as I agree with most of them, particularly insurance coverage parity for mental illesses to physical ones, and tax breaks for clean, home-grown energy alternatives, they have no business in this bill and need to be handled separately, where they belong.

Well, that’s it, guidance from your Boomer Coach, whose job it is to provide you with all the relevant information you need to make a fully informed decision, do the research/compile the facts to that end, and be completely honest with you even when some of that feed-back isn’t a happy meal.

 

I’m Terri Benincasa, and I wrote this message.