“…normalcy cannot lead to complacency.”

“…hear my words We will not go back to the days of reckless behaviour and unchecked excess at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses.”

In Federal Hall, in the heart of Wall Street, President Obama warned of coming re-regulations, brining a tightening of rules that were cast aside first by President Ronald Reagan, President Bill Clinton and President George W. Bush. The seeds of this current Economic disaster started a long time ago.

President Obama is proposing a new Consumer Financial Protection Agency, with the mandate to oversee financial products sold to consumers. Not surprisingly, this is opposed by lobbyists some lawmakers and other regulatory agencies, those that failed in their duties the first time around! These groups and individuals would say no it wasn’t Law; they still had the responsibility to report to Congress after investigation and state their concerns. In this they did fail miserably, with the current damage Worldwide to Billions of people, and as always the poorest countries on Earth have been harmed the most.

Five of the biggest Banks in America have posted second quarter profits of $13-billion dollars, one quarter, double what they made in the second quarter of 2008. Near record profits are coming for the banks that caused chaos in Financial Markets Worldwide, causing Trillions in losses for consumers. Once again, the stink doesn’t linger on the expensive suits of bankers, but in the nostrils of the poor.

Wall Street executives, bankers and traders all have been guilty of seeking quick profits and bonuses at the expense of all their fellow citizens, the economy in general around the World and the companies that are traded in the markets. Many companies and individuals have been financially destroyed to create bonuses for those same bankers and traders at everyone else’s expense. Lost a 401K, your house, the kids can’t go to College? Thank Wall Street greed, that greed is the only constant in this whole debacle!

There was a time when companies, built slowly over time with long term goals, building a solid entity with true value. It seems with human life so short, many cannot wait and belly up to the trough and pig-out as soon as possible. Shame.

Observing from Canada we see Politics from two perspectives, Canadian and American political manoeuvres. This allows us to compare, evaluate and critique these Machiavellian designs intended to “slip one by the unsophisticated peasants.” Our politicians are very much similar, that is why we detest them as much as you do!

The Republicans in your country are very much “the Party of Fear.” This was demonstrated throughout the last Administration, i.e. “threat level Orange” and other manipulations coming to light, frighten them with an attack and we will maintain power, cynical in the extreme. The current debate on Health Care reform is a perfect example. A majority of The American People and lawmakers unquestionably agreeing this to be critical both economically and fiscally to the Nation, find rabid opposition with “very deep pockets” flooding the airwaves nationally attempting to “frighten the peasants” into opposition. Threatening “death panels” and other such nonsense to put fear into the hearts of vulnerable people, the retired and possibly ill informed that may be easily swayed.

The economic benefits for the economy, especially small business, has not been stressed as it should be! The so called “public option” would be a major boon for small business, saving costs and allowing small business owners to have employees that are less stressed and more productive. Thus removing a financial burden on all small and medium size business owners!

There was a time when politicians of both parties would do what was best for the country, sadly that time seems to have gone. Someone else said once “The World is what we make of it.” What shall we make of our World?

Health care, the number one topic is bogged down, temporarily. The deal makers are scurrying from closed door to closed door, working late into the night. The pork in any funding bill is normally quite heavily laden, it remains to be seen how well the sows will do from this deal?