Pay No Attention to the Man Behind the Curtain March 19 2009
Yesterday I wrote a post on my EADD blog about controversy creating interest. I cited the Jon Stewart vs. Jim Cramer episode that recently happened. Here’s the key to what I wrote:
Being controversial can be a strategy, but you have to manage it well – much like a chess game. Realize that controversy creates us vs. them. Is it the right strategy? Depends on what you are trying to accomplish.
So let’s take a look at the news from today:
We’ve got Obama “stunned” by the bonuses for AIG execs. (Even though that was in the bill that Chris Dodd wrote at the urging of the Obama administration meaning that Obama is an outright liar and fraud).
You’ve got Congress disregarding the Constitution they swore to protect in passing an unconstitutional Bill of Attainder on on AIG execs. (As other commentators on this site have already stated, not just a bill of attainder, but this action also violates contract law – they should not only be ashamed of themselves, but they should be impeached for violating their oath of office.)
Everyone is in an uproar, either by AIG’s action or at the government for their unconstitutional actions.
But as the Wizard stated in the Wizard of Oz – “Pay no attention to the man behind the curtain.” See, it’s just a ruse to get the mob angry. And that’s important. See, they know that people are angry, but Members of Congress and the Administration certainly doesn’t want the mob mad at them – so AIG is the scapegoat. AIG serves as a distraction. Politicians are good at this. Anytime that they want a distraction from what is really going on, they create controversy. As I wrote before – controversy creates interest and draws attention. It pulls in people’s emtions as well. And when people are angry, they lower their guard, stop thinking rationally, and make mistakes by missing things. It’s an old tactic – as old as The Art of War.
So what’s really going on? A financial meltdown that is not pretty. It has been announced today that the Fed will be buying Treasuries – our national debt. Read it here and here. This is absolute insanity. If the Fed has to buy our debt, that means that no other nation has faith in our government’s commitment to repay our debt. It also means that we will see inflation. No country who has gone down this road has ever made an approach like this work because it can’t work.
When you contemplate the shear insanity of what Congress and the Obama Administration are doing, it is no wonder that they need to distract people, and deflect people’s anger at a scapegoat.
Once the news cycle is done with AIG, who will be next? Or what controversial subject will be next. My guess is the Freedom of Choice Act. Again, when this comes up, it will stir passions and emotions. But pay attention to what’s going on behind the curtain – that’s the real story.
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