Lost in America - Character

I have been pounding the table about jobs. The economy will start to form a foundation and recover on a sound footing only if people start working on productive things. This generates productive output and creates value and provides an income stream that can support and enhance standard of living.

However, the Ben and Hank tag team seem intent on "throwing the kitchen sink" at the financial mess. AIG has apparently borrowed $90 billion from the Fed. Based on the prices of treasuries, the market expects the Fed to cut rates to below 1% over the next few weeks. Alert readers will notice the similarity to Japan's actions in the 90s. That country still has not recovered from its excesses. The Fed will try to re-inflate the economy. What will be inflated is still unclear.

It is time for the citizens of the country to comprehend the magnitude of the problem, and act.

• Shareholders should accept significantly less return on their investment. They should encourage their companies to invest- in R&D, in education of their employees, and in education in schools and colleges.
• Shareholders should put caps on executive pay. No company should pay its top executive more than perhaps twice or thrice the lowest paid full-time employee.
• The politicians should stop this nonsense about rebate checks and bailouts. Let the market take care of itself. The government should invest in infrastructure and start other major projects that create jobs.
• Parents should really push their children to learn.
  
• CEOs and other leaders should start to donate a lot more of their money and time to causes like education.

Without good training and education for its citizens, the country and its democracy will be in Dire Straits.




This video was sent to me by a friend. I will try to find the original source and provide appropriate reference.