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TH*NK*NG
(GOMER)
by Fred
Cederholm
Economic Analysis
Column
Columnist, Baltimore
Chronicle & Sentinel
October 1 , 2007
I’ve
been thinking about Gomer. Actually I’ve been thinking about
“arresting,” the Bernanke FED, the National Debt, the wars,
Blackwater, and WE the people… Growing up in the 1960’s, I enjoyed
watching the Andy Griffith Show about daily life in the fictional
community of Mayberry RFD. A favorite episode was the one where gas
station attendant Gomer Pyle asserted his rights as a citizen and
challenged the authority of Deputy Barney Fife (let’s call him
“B”) by running into the intersection shouting “Citizen’s
ah-RAY-est! Citizen’s ah-RAY-est! Citizen’s ah-RAY-est!” Citizen
Gomer stopped ole Barney cold in his tracks while “B” was making an
illegal U-turn in front of the Sheriff’s office.
You
see the verb “arrest” not only means to
apprehend, it also means to
stop. With the trappings of his office, - his limo (I mean squad
car), his uniform, his side arm, and his bullet – “B” had gotten
just too big for his britches. In a letter to Bishop Randall Creighton
in 1887, Lord Acton stated: “Power tends to corrupt, and absolute
power corrupts absolutely.” In a comic sense, even ole “B” in the
sleepy little town of
Mayberry fell victim to the heady rush of his office. It took Gomer’s
initiative to set things straight and bring ole “B” back to Mayberry
from his Olympian fantasies. We can learn so much about ourselves and
our contemporary messes via these comedic caricatures from the Andy
Griffith Show.
The
FED’s action to ease interest rates on Sept 18th
temporarily kept the US equity markets within less than 2% of their all
time highs, but the action trashed the dollar relative to other
currencies in the process. EURO’s continue to test new record highs.
The British pound, the Japanese yen, and EVEN the Mexican Peso have
risen relative to the dollar. This action did zip to fix underlying
messes created by cheap money – the housing bubble, the escalation of
consumer/ household debt, or the global proliferation of virtually
worthless collateralized debt obligations (CDO’s). The benefits of
temporarily propping up some $300+ BILLION in sub-prime mortgages were
more than lost by the drop in the current purchasing power of the dollar
to an economy which imports more than $800 BILLION a year than it
exports. Sha-Zamm! Even Gomer knows that 800 of negatives offsets 300 of
positives. Chairman “B” and FED Governors… your mission is to
control inflation and provide a stabile currency for US/us.
Last
week Congress (with the help of the national media) snuck through
another $850 BILLION increase to our National Debt ceiling. The proposal
also had at least $9 BILLION for continued military action in Iraq and
Afghanistan. It should be noted that the Pentagon is seeking $190
BILLION more. It took this nation from 1791 to midway 1980 to accumulate
$850 BILLION in total National Debt and now our fiscally profligate
Congress hopes WE the people won’t notice a BUMP in the ceiling of
$850 BILLION? What Congress really hopes is that this increase will get
them through the 2008 elections!
Last
week, the use of mercenaries supplementing our troops in the sundry
military actions blew up when Blackwater USA was said to have killed
over 16 innocent civilians in unprovoked retaliation. The duly-elected
government of Iraq pulled their certification and wanted them out. Our
government ignored both the de-certification and the request. We also
learned that such private hired guns are so critical to the war effort
because they may actually out-number our regular troops there. Huh?
What? Let me repeat that: “paid mercenary/ consultants may actually
out-number our regular armed forces in Iraq.”
Now
Gomer was not a scholar of politics, economics, ethics, or warfare by
any means; but he had such a beautifully simplistic and common sense
appreciation for what is truth. Nobody needed to lecture him on what was
the right thing and what was flat out wrong. He already knew that -
naturally. He was honest, loyal, and trustworthy. He loved his community
of Mayberry and he loved his country - the United States of America. We
must learn from Gomer and hold our elected (and appointed) officials
accountable for what it is that WE the people… want. “Citizen’s
ah-RAY-est, Citizen’s ah-RAY-est, Citizen’s ah-RAY-est.” Enough
already… end the policies and actions that are destroying this nation
and our reputation worldwide. I’m Fred Cederholm and I’ve been
thinking. You should be thinking, too.

© 2007 Fred Cederholm
Editorial Archive
Contact
Information
Fred
Cederholm
Creston,
IL USA
Email
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