The Feast of Tabernacles preparation is dominating my time these days, so I am not coming across much time to blog. However, it has been hard to hold back concerning all of this “economic salvaging” talk going on.
I find the ongoing drama fascinating, but only in the way that one driving by a train wreck finds the scene outside the car fascinating. I find it fascinating how those politicians who pressed and pressed and pressed for years — even until very recently — that folks with bad credit should be given loans for homes are now complaining about the mess they helped create. Last night I heard audio recording just a few years old of several “big name” politicians in session working to prevent the government from tightening its regulation of Fannie Mae and Freddie Mac — even arguing that the standards be lowered for those organizations — and defending the outrageous bonuses reaped by Fannie and Freddie’s executives, and now those same politicians are the ones I see on TV lamenting that regulations were too lax and that executives are profiting too much. Unbelievable. On the other side of the aisle, I see the same politicians who were bragging a few years ago about the financial boom America was experiencing due to their approach and policies now wringing their hands at a problem whose existence is just as related to their approach and policies as the supposed boom was.
Everyone in both parties is so busy pointing fingers at the others while conveniently forgetting (at least publicly) his or her own sordid role in causing the current mess. How these guys and gals look at themselves in the mirror each morning, I have no idea.
And while pointing out corporate greed is quite popular these days (though various, critical shades of it didn’t seem to be a problem to either party just a few years ago), no one seems to have the nerve to tell the American public that our citizens’ willingness to borrow insanely themselves — agreeing to mortgages of 110% of the value of their homes, for example — is a part of the problem. Perhaps partly because our politicians want those debt-addicted voters to like them all come election day, and also, perhaps, partly because the American economy now depends on the willingness of the debt-laden, materialistic American citizen to become even more debt-laden and materialistic.
All of this brings to mind one of the most vomitous commercials I can recall from just a few years ago — actually, our last few years in Texas, I think. It pictured a wife trying to explain to her husband (of course, it would show a woman instructing her husband; the other direction just isn’t kosher on TV) about the wonderful options now open to them by allowing them to borrow on their home equity.
Some of you may remember it, too. It started with the wife holding a clear pitcher of water, and saying to the husband (something like), “This is our home equity.” Then she gets several clear glasses and begins to fill them with the water from the pitcher, saying with one glass, “This is our daughter’s college tuition,” then moving to another glass, “This is the vacation we’ve been wanting,” etc. The husband’s eyes brighten, “Duh, yeah!” as he catches the materialistic “vision.” OK, he didn’t say, “Duh,” but you get the point.
INSTEAD, why couldn’t the husband have responded, “Well, honey, how did that water get into that pitcher in the first place? Have you thought of that? You know, now that you’ve filled up all of these glasses, I can’t help but notice that we now have an empty pitcher. How are we going to fill that pitcher again?” He would have done his family a lot of good and given his wife an important education. I would have paid good money to see that commercial.
The pitcher commercial was probably effective (it certainly played a lot), but in my mind it was disgusting and deceptive. Regrettably, it reflected the reality around us, and now we are a country left with an empty pitcher.
The Scriptures prophesy of America facing problematic debt in the end times — and not just debt, but debt to foreign nations (Deuteronomy 28:43-44, et al.). They also point to a disasterous lack of leadership in the end times, as well (Isaiah 3:1-3, Ezekiel 22:30, et al.). If you don’t see shades of these prophecies in today’s headlines and news clips, I would say you aren’t really looking.