The Complacency of America
- Posted by Jeff Carter
- on September 23rd, 2012
Talking to a lot of my friends, they don’t get it. How can anyone possibly support Obama? Even if you are a Democrat, how can you? He was elected on the promise to cut the deficit, and to work with the other party. Remember, “Team of Rivals”? But it’s not enough to say Obama didn’t live up to any of his promises. That’s too transparent. Politicians are made to break promises.
Knowing American History, we have a lot of things in common with the British. A lot of our DNA is ensconced still in the first settlers that successfully established here. Even the colonists knew when they were fighting the British, they were inherently British.
I think I have found the answer in a book by Carlo D’Este. Warlord: A Life of Winston Churchill. Here is a quote from the book that rings true today. He writes,
“his friend Harold Nicholson’s observation: ‘The British, except in moments of danger, are a lethargic race; they do not care for stimulants, they prefer sedatives. They are distrustful of brilliance. They feel more at ease with what they call, “sound common sense”. Their optimism, which in a crisis becomes a source of strength, degenerates in neutral periods into an ardent desire to believe nothing unpleasant is likely to occur. Their motto in such periods is “safety first”. And Churchill never believed that safety is the highest aim of human endeavour.”
Americans have become complacent. Uncertainty will do that to you. Obama’s administration has deliberately created uncertainty in almost all things. Economics, Foreign Policy, Banking, Healthcare. American’s don’t know who to believe, or what to believe. The media shields them from the mathematical comeuppance that is right around the corner.
Many Americans don’t have a clue about the coming debt crisis, and the massive increase in taxes they are about to get-nor the consequences of those events. They are passive-or worse yet think the rich will rally and bail them out.
The bad news is, the rich aren’t rich enough to do anything about it. When the dyke breaks, it’s over.
Somehow, someway, if the clear eyed realists can convince Americans that something truly tragic has been building up for 50 years now is about to really change the way of American life, they might awaken. But many are so cynical they won’t believe it-until it happens.
Wars are sometimes like that. Look at Great Britain in the late 1930′s. Economics is like that. Look at America today. You don’t go broke slowly. It happens all at once.
follow me on Twitter
Like PnF on Facebook
Thanks for the link Doug Ross
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
-
Jeffrey Carter is an angel investor and independent trader. He specializes in turning concepts into profits. He co-founded Hyde Park Angels one of the most active angel groups in the United States in April of 2007. He previously served on the Chicago Mercantile Exchange Board of Directors. He has done market commentary for (More...) -
Archives
Tags Cloud
Adam Smith Alan Blinder Bitcoin Braintree Cheez Whiz CollegeHumor Corporate Finance COST Day Trading Denver Donald Trump Energy Policy Evil Fear Flags of Our Fathers Flyboys: A True Story of Courage Fraud Government budget Government budget deficit Gregoire Gun law Justice LINK FEST Mayer Military academy National Debt Osama bin Laden jokes Oven Peter Roskam Pitching Investors President of Egypt Professional golfer Reggie Jackson S&P rating SEC Football Senate soup Stealing Home Tea Party Theme Parks US Wall Street Wellington Wichita State World War II-
BlogRoll
-
Abnormal Returns
All Tuition
American Thinker
Andy Narayanan
Arnold Waldstein
AVC
Becker Posner Blog
Ben Horowitz Blog
Better Markets
Betting the Business
Black Line Review
BloombergTV
Both Sides of the Table
Brad Feld
Business Insider
Business News Network
Carpe Diem
CBOE
CFTC
Chicago Booth Graduate School of Business
Chicago Boyz
CityWide SuperSlow
CME Group
CNBC
CNNMoney
Cooler By The Lake
Counterpoint
Daily Economic Release Calendar
Doug Ross @ Journal
Economics of a POW Camp
Fama-French Forum
Farmgate
Fault Lines
Foundation for Families
Fox Business
Freakonomics
Garden and Gun
George Stigler Institute
Good Beer Hunting
Hayek Institute
Howard Lindzon
Huffington Post
Hyde Park Angels
ICE
Illinois College of Business
Informed Trades
Instapundit.com
Intrade
James Altucher
John Taylor's Blog
Jump Innovation
Junto Institute
Legal Issues in Angel Funding
Macroblog-Federal Reserve Bank of Atlanta
Marginal Revolution
Microbrews in Chicago
Mike And G
Milton Friedman Institute
NakedTrader
NASDAQ
National World War Two Museum
Nice Deb
Notes From Underground
NYSE
Open Markets
Pajamas Media
Pando Daily
PE Hub
Power Points
Ramanations
Ronald Coase Institute
Seatleaser News
Seatleaser.com
SEC
Senate Banking Committee
Senator Blutarsky
StockTwits
Take A Report
Tallgrass Beef
Techcrunch
The American
The Big Picture
The Clubber Fund
The Cusp
The Daily Crux
The Grumpy Economist
The Jack B Show
The Minimalist Trader
The Musings of The Big Red Car
The Polsky Center
The Streetwise Professor
Tough Love Marketing
Townhall
US Federal Reserve Bank
US House Financial Services Committee
US Treasury
Wire Points
World War Two Blog
-

