The New WPA

Obama is missing a Golden Opportunity here.

We are a Generation Uniquely Equipped to Nurture, and Heal #PTSD #TBI Victims. We survived Vietnam. 

Moreover, there is an increasingly visibile disconnect between this administration's handling of the global financial crisis, and seemingly no cognisance of the true scope of the issue.
 

• Fractional Reserve Economies have been shown to fail as a realistic means of organising the Capital of our Affairs. Just as communism was shown to fail as Gorbachev admitted to Peter Jennings.

• The rampant overt fraud and lawlessness in the mortgage industry and the attempt to do the automated standard "foreclosure" process has run into a snag: We can see they're Naked!

• The Homeless have had little real help from Washington. And they're numbers grow with each "foreclosure."

Obama has a Golden Opportunity to play it straight - To be the Man the Candidate Portrayed him to Be. To recognise that time has come wherein Eisenhour's Warning that the People of the World would one day demand Peace. And that when that day would come, the governments of the World had better be damned well Ready to give it to them.

That Time has come.

It has come at a Time when the ability of nation state and corporate entities no longer are In Charge of what State Secret or other may become Available to the Public Historical Record. (If Ever they Would have So decided which, given the historical track record, is pretty abysmal. What gets released even after the unjustified 50 years is so heavily redacted as to remove all traceable responsibility for Public Civic Audit Purposes.)

So if Mr. Obama blows this one, I'll probably feel sorry for this ex president. But if he grasps the nettle, starts honest reform towards an asset based, individual-oriented economy rather than try to preserve an increasingly cracked set of fractional-reserve economy mirrors - If he could manage this, he would pull off the Soft Landing of the Century.

He can start with

• A jobs program. Mega. Across multiple Constituencies. Dedicate Serious Resources to rehabilitating the damaged People, our Veterans, we as a nation have created. How many currently unemployed Vietnam Vets, Granada and Panama Vets, Iraq War I Vets, would be interested in a job working to heal these People who are our Brothers and Sisters, Sons and Daughters?

• A publicly financed mortgage authority - without participation by the banking industry.  We need to have an Honest mortgage vehical of capitalisation.

• With the resources available now, there is no reason for any American to not have a roof over his or her head.

• The existing vehical of fractional reserve lending based mortgages is not merely no longer viable - It is no longer credible.    Not as a business model, not after the lessons the current generation has learnt at a cost so dear.  The current model has become more and more credible, though,  as a predatory economic system, though, especially for those left holding the bag (tranche).  This number includes cities, states, and nations.

So Obama can play it straight and address this.

Or be drowned in the backwash, of it.

fwiw,

@dredeyedick
-dcm