The Structural Foundation of Society

Let's build a home.

Great idea! Let's start with the roof!...What? That seems to be the way the current administration and Repugnicants try make things work. It's called Reaganomics, trickle down theory, or now, with the current failing bailout programs, we can call it elitist socialism.

Let me try to explain.

If a foundation is not solid a building will fall. A foundation should be engineered carefully and be designed to withstand the numerous pressures of the local soil benefits and limitations. Whether the ground is made of rock, or clay you should build for the environment of the area in order to make sure your structure is physically sound. Some areas have earthquakes, some tornadoes, some have soft clay soil, some have high water levels. Therefore, sometimes you must install piers deep into the ground to help alleviate any motion that the soil may give to the structure. Whatever it may take to make sure that a foundation is solid. A foundation should include steel to aid the concrete in its structural properties. In earthquake regions the walls should be bolted to the foundation. If the plate of the walls are not attached solidly to the foundation during shaky times the walls will slip off of the foundation. The walls should be built to withstand the winds and protected from the outside elements so to reduce and eliminate any water and pest intrusion. The windows and doors should be properly sealed to ensure energy conservation. The roof should be secured to the wall structures to withstand high winds and lateral movement. There should be steel, clay or asphalt shingles on the roof to protect the structure from the weather. There should be appropriate locks and perhaps an alarm system to help protect the structure from intrusion.

This seems like a given. Simple really. There are rules to building a structure. In the United States we have codes that are normally followed. There is the Universal Building Code, which is used primarily throughout the United States, as well as, the International Building Code, which is used in some areas of the United States and as the enforcement for the industrialized and other emerging areas of the world.

Ok, now, let's build a nation. But, let's not have any regulations. or oversight. That is what Bush is stating and been doing for the past eight years. If there has been rules and oversight he has eliminated them. We got in this mess due to the de and un-regulating that has occurred over the past eight years. The Clinton administration began some of the open lending ideas to help the less advantaged become enabled to purchase a home. To create more home ownership throughout the country. Bush, took this idea, and opened the floodgates by eliminating any oversight to the financial industry which allowed anyone to own property whether they had a job, had any money or had any idea on how to pay for it. Through this, the financial industry allowed the creation of the Hedge Fund industry which has absolutely no oversight and regulations whatsoever. This allowed the financial industry to rethink how they could package and resell the mortgages throughout the financial world in order to get them off the banks books as soon as possible to alleviate the debt that banks had just incurred through the loan they had just approved. The mortgage industry had no oversight so convicted criminals were getting licenses to market, negotiate, and distribute loans to home buyers. They distributed the loans that they would make the most money on whether it was the best loan for the buyer or the property made no difference. The machine was making everyone a lot of money.

In other words, from the top down, the rich were lending money to anyone and everyone and didn't care about the repercussions of the loan payoff since the loan was now on the books of some other institution, packaged in such puzzling ways that no one knew exactly the value or payoff parameters of any specific loan. Anyway, they had insurance, and re-insurance...AIG, you've heard of them.

I think we all see the house of cards that Bush has been built with NO liability and oversight. I say no liability as the current administration, which includes Henry Paulson, who used to work at Goldman Sachs, is distributing the hundreds of billions of our tax dollars out to the most needy Americans, those financial institutions who created this. You see, he has given Goldman Sachs over $10 Billion and AIG, who was Goldman's largest trading partner, has received over $85 Billion and they are needing more.

What about the foundation? You know the foundation of society? Those people who work 40-60 hours a week to try to keep a house for their families and their kids in schools?

Well, Paulson will specifically state that the foundations of our economy are fractured, the foundations of our financial institutions are failing. Yet, the money gets sent to the top, the roof, to patch holes in the roof where it is still raining money.

The foundations of our economy are the Joe the Plumbers, and Joe six-pack. You remember those people that the Repugnicants worked so hard for their votes. Those who work their asses off to have a roof over their head for their family that is built on a solid foundation. Now, these people are losing their homes because the banks are needing to fix their roof!

We get to sit back and watch as the house of cards falls down from the bottom up. The ponzi scheme that this administration has created, that elitist type of Peter to pay Paul kind of capitalism that permeates the Repugnicant party, is being held up by no strings attached to their funds as they are able to magically keep the roof in the air while the walls and foundation of our society crumble to the ground in ruins.

When is January 20th?

(c)Copyright 2008 Doug Boggs