It's Super Tuesday and we are being led to believe by a booming chorus of media dupes that the outcome of today's whopper primary has big, big, big implications. Truthfully, the dreadful economic numbers that came out this morning, and the market's reaction to those numbers will likely have more to say about the fate of the nation than the outcome of today's big dog and pony political show. For the record, if we get Senators McCain and Clinton, you can rightly feel that you have a choice that reaches new lows in the tweedledum tweedledee sweepstakes.
Now back to last week's theme, which distilled, may have seemed to be on the hollowness of our political culture, but was, in fact, about the hollowness that pervades all aspects of our culture. Of course you couldn't know that because all I discussed were politics and political figures. However, the analogue to the emptiness of our political scene, is mirrored by conditions in the financial realm, where the landscape is riddled with empty/bankrupt investment vehicles of the sort that have been described by the legendary investor, Warren Buffet, as financial instruments of mass destruction.
I, for one, find it alternately fascinating and appalling to see how politics and finance function so similarly here in the U.S. That is to say, they both operate with an endemic level of venality such that items, whether they be investment products or political agendas, that ought never see the light of day, are routinely foisted on the American public, inevitably at astronomical cost. Let me name but a few. The on going idiocy known as the "War on Terror", a sacred cow amongst both political parties, comes to mind as a particularly indefensible bit of balderdash, and sub prime mortgages, and the subsequent bundling of such high risk loans into something one could actually refer to to as a... "security" ought to suffice as compelling evidence of perhaps even greater heinousness from the financial complex. But to name these two epic blemishes of our time only scratches the surface as there are legions of stupefying examples one could easily point to. Of course, the aforementioned abominations to (not so) common sense would not have been possible except for the inordinately poor effort by, for example, the Main stream media, in attacking the thin facades of legitimacy erected to shield such wonders of bad judgement (or worse, ill will) from instant nullification. Well, that's all for now. Please stay tuned as this discussion will be developed further.