The Dark Abyss

The undermining of American life by our elected representatives.

Here in America we find our lifestyles being changed and disrupted by our elected officials. The economy is falling apart and the elected officials simply argue and chide each other claiming to be the peoples voices. We, as Americans, can no longer be the patsy for their political turmoils, misinformation, altering some scientific facts, and skirting the truth.

We need to somehow arrive at a point where all people are treated equally in all areas of the law and regain some perspective on the needs of average Americans. As one of the average Americans, I suggest that we all contact our elected officials and let them know that we know that a better job could be done on their behalf. The way in which this is achievable is to let them know how “we the constituents” feel about some of the policies and their performance on the position they hold.

America was founded by our forefathers on principles that are still vital today. Our economy is in turmoil by some of the elected leaders in the recent past allowing some of the wealthiest individuals among the population to either not pay their fare share of taxes or get all of what they paid back with a bonus attached. Also, the supposed regulatory agencies were not doing any part of the job they were there to do thereby allowing the so-called “Wall Street Entities” to be bailed out by all of the average tax payers. The process by which this happened could have easily been avoided if the regulatory agencies were not asleep at the post they occupy. One such agency is the SEC or Securities Exchange Commission, which was charged by law to look into the entities that trade stocks and other financial data and institutions that got us to the point we face today.

Our congress has the power to fix, revamp, or totally change this agency and other agencies that have regulatory authority over various business and financial practices to make this type of problem less conflictual on our economy with average people. Our congress also has responsibility to oversee all aspects of the business transactions that effect more than just the individual entities and conglomerates.

At one time in our nation a certain company was forced to be broken up because of the possible problem of being “too big” and that company was AT&T. As a result of that breakup the company was forced to become several “baby bells” that became regional telephone companies that have flourished and provided lower costs to the consumer by offering competition. AT&T is still a viable entity but with a narrower profile but doing fine. Why can this congress not look at this example and make the same or similar breakup of the companies labeled “too big to fail”? The fact is that it could be done and have less of an impact on our economy would be felt by average people.