Blogs by James Audie Hall
A Second Depression Ain't a Bad Idea
10/5/2008 6:09:57 AM
American Messiah, an apocalyptic novel, is a vision of a future America that refuse to learn from the Great Depression.
I know how it sounds on the surface. Of course, millions of Americans will lose the jobs, businesses will fail, and millions of families will be rendered homeless. The damage will be enormous, but a shifting of the American mindset is vital to our survival.
Neither Obama nor McCain can trigger this catharsis. America has lost its competitive edge and a depression is perhaps the best way to get it back. Consider what good came out of the Great Depression.
Monumentally, the nationís infrastructure was rebuilt. NRA, CCC, WPA helped to solve the unemployment problem. Taking a page from the New Deal, some experts say that 5 million jobs could be created with an energy reconstruction program. Millions more jobs can be created by rebuilding the nationís crumbling infrastructure, more than replacing the 1.8 million manufacturing job lost since China joined the WTO (World Trade Organization).
From the harsh lessons of the depression, America learned frugality. As a result, America emerged a creditor nation. In sharp contrast, American is now a debtor nation, borrowing $10 billion a week from the Chinese, to purchase mostly foreign goods and to fill our foreign imports with foreign fuel. Those Americans who survived the depression would never have been so utterly irresponsible.
When I was in third grade, my teacher boasted that America was the wealthiest, strongest and freest nation on earth. Well, freedom isnít free, and national security doesnít come cheat. How long will our economic preeminence last if we rely on our enemies for fuel and turn to our European and Asian competitors to prop up the sagging dollar?
Unfortunately, the lessons of the past have been lost on the present leadership, so we are doomed to repeat them. Thus, a depression is probably inevitable. However, that might not be so bad considering that thereís a fate far worse.
If youíre wondering what could be worse than a depression, read my latest novel, AMERICAN MESSIAH. It offers a culturally and technologically actuate, although sometimes frightening, depiction of what might lay in wait around the apocalyptic bend.
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More Blogs by James Audie Hall
A Second Depression Ain't a Bad Idea - Sunday, October 05, 2008
American Messiah - Sunday, September 07, 2008
Harlem - Sunday, September 07, 2008
Was Obama Created by Hollywood? - Sunday, September 07, 2008