Worried about education in the US? The idea that our electorate votes on issues based on the emotional appeal because taking the time to become informed -- either directly or by finding trusted sources to give direction -- might cause a missed episode of American Idol?
Well, fear not! We'll be rescued from our own foolishness as the rest of the world weighs in on our plans for governance. This has always happened, of course, but frankly the degree to which the rest of the world gave a vote of No Confidence in Bush's economic proposal is pretty astounding.
So the Fed steps in and makes an unusually large cut in interest rates one week ahead of their planned meeting, but, worldwide, markets are sluggish to respond. The US is naked. We don't want to see just how close we are to a meltdown, we continue to believe our neighbors are struggling due to some sort of inherent personal flaw, and that by making the right choices and working diligently, we'll somehow avoid real hardship.
Given how indebted we are, foreign countries not only depend on our consumer spending but on our ability to service our loans. The entire US is becoming a bad risk. Sell Sell!
Is there an antidote? Heck, yeah! We need to solidify behind a sustainable ethical framework:
- Frugality
- Disdain for the simply superficial
- Production for the purpose of purpose
- Support for those who inspire, heal, and keep us empathetic (yes, this is where play comes in!)
It's a new frame. For further ideas on the driving force of the lending market, SocialEdge has a guest this week who has some interesting idea.
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