I WONDER WHY ECONOMISTS THINK THEY ARE SUCH
 ESOTERIC INDIVIDUALS
Sometime in the late 1990,s

   In the business section of a newspaper was a comment about economists debating productivity in the economy. The author of the article wrote that “the debate may seem esoteric-but it matters to real people.”
  Not being an elitist I did not understand what he meant so I looked up esoteric, first in a thesaurus where the word is listed as an adjective having a similar meaning as deep. I rephrased the sentence; the debate may seem deep-but it matters to real people.
  It did not seem deep would be a good substitution for esoteric so out came the ol dictionary and I promptly got irate. ESOTRIC 1. Intended for or understood only by a particular group. 2.a. known by a restricted number. b. confined to a small group. 3. Not publicly disclosed; confidential.
  Economists theoretically are supposed to be specialists that deal with production, distribution and consumption. If this “esoteric “ group does not understand some of the problems facing this country maybe they can be enlightened by some of the blue collar workers who have seen factory jobs relocated so investors could get a better return on their dollars. Maybe they could debate whole corporations that manufacture nothing but thrive on shuffling paper around, trying to be a perpetual money machine (perpetual motion machine is impossible in real life, perpetual money machine impossible also). It is just a matter of time before perpetual money machine collapses; does the phrase Japanese market “bubble” ring a bell.

“ I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debt, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy,”

Thomas Jefferson


   Maybe some “enlightened” esoteric individual could explain to me why it is better to pay $1,000,000,000 (billion yes with a “b”) a day interest on the national debt; than to become debt free and use that money, one billion a day or $365,000,000,000 a year to fix our infrastructure, our schools. Do you remember the Gramm-Rudman bill addressing this issue years ago?
  The crude oil consumption in this country is greater then it has ever been. The volume of everything else we are importing is mind boggling. N.A.F.T.A. and G.A.T.T. what an embarrassment to the working class of the United States.
  We are paving over farmland (food one of our best exports) at such an incredible rate that it will not be long before the United States has to import food; Boeing has cut deals left and right to manufacture aircraft parts overseas (airplanes another good export). Lumber mills are closing at an unconscionable rate, yet whole logs are shipped overseas.
  Drugs one of this country’s biggest imports should be viewed as capitalism (laws of supply and demand) at its finest; and the war on drugs (what a joke) could not possible ever be won because of the large number of people (judges, lawyers, police and jailers) who would be unemployed (we do not have the factory jobs to go back to).
  If it is economists who are being referred to as the “real people” “the debate may seem esoteric-but it matters to real people” this would be a slap in the face to all the people who have lost their “production” type jobs due to the greed of Wall Street and the depravity of the accounts who look at the here and now without giving thought to the future. Remember the $20,000,000,000 bailout in Mexico and a multi billion-dollar bailout in Asia.
  I suppose as long as the attitude is I got mine and screw you this country will reap what it sows, which makes the revised pledge of allegiance as applicable today as when it was first written in June 1992.


I pledge allegiance to the flag of a nation that is bankrupt and dying!

Not just financially in this sea of red ink, but morally as well

And to the republic for which it once stood!
 Our leaders have sold us the U.S. out to the United Nations

Which has forsaken God!
 Greed, lies, murder, theft, debauchery

Is divisible with special interest groups!
 Lobbyists, lawyers, foreign countries

And miscarriages of justice for all!

A number of judges and legislators seem to have a perverse sense of right and wrong.

It is truly a shameful state of affairs when one thinks of the sweat and blood shed to create and preserve this great country, but I suppose due to the widespread lack of character, one should expect no better.

“Those who would trade freedom for security deserve nether freedom nor security”.

Ben Franklin

Those who would give away the farm do not deserve to eat.

P.S. Why is it that people like George Washington, Thomas Jefferson, Ben Franklin, Daniel Webster, Abraham Lincoln, Martin Luther King Jr. just to name a few, could accept the Bible but many so called “intellectuals” can not?

Who knows maybe some esoteric (deep) intellectual type will be able to answer this for me.