Cowboy Logic and the Economy: The Gate Is Open and the Cows Are About to Get Out

April 9, 2013 - 10:41 AM
I operate by some principals I call cowboy logic. To give you a smattering of the philosophy of cowboy logic in a thumbnail sketch, I usually list these three examples:

1) 2 + 2 is always 4

2) Water never runs uphill

3) If there's smoke, there's a fire somewhere.

Simple?

Yes, in a cut to the chase, common sense sort of way.

It's my belief that a big problem is almost always a series of small problems that have to be recognized, separated and dealt with one at a time. Most big problems, especially insofar as the government is concerned, start out fairly innocent sounding enough, a benevolent idea to help some underprivileged segment of the population or regulate some out-of-control industry for the greater good of all people.

So, a bill is introduced to remedy the problem, a simple piece of legislation, a small problem.

But, by the time it has passed through both houses of Congress, it picks up codicils, amendments, pet projects and all the other minutia the thumb-twiddlers can come up with - and it's snowballing downhill, a monstrous, complicated, uber-expensive, pork-laden catalog-sized stack of paper that could have been printed on two pages, a bunch of littler problems.

I understand personality cults and the fact that Barack Obama is the first American to ever break the color line, a tremendous feat and a source of great pride for, not just people of color, but for all Americans. Our society has come so far since the Jim Crow days I was born into, when such a thing would have been unthinkable and we should all be thankful that we have climbed that mountain and will never go back there again.

But, what I can't understand is how even the most tunnel-visioned Obama supporter cannot smell the smoke of America's fiscal demise drifting up from the national debt and Obama's adamant refusal to do anything meaningful about it.

No matter how much the sycophants in the media and the partial pundits tell us that the debt doesn't matter and that the economy is making a recovery, 2 + 2 is still 4, and the numbers just don't add up.

They point at statistics and fractional improvements in unemployment and auto sales but they don't tell you that the people who have used up all their unemployment benefits and have dropped out of the work force are no longer counted among the unemployed.

The reason the auto business is so good is because the Fed is printing and distributing forty billion dollars a month, keeping interest levels low, which will eventually result in reviving America's old enemy from the 70's: inflation. It's kinda like trying to make water run up hill.

We live in a financial house of cards, a fragile conundrum, like a water hose with so many patched places on it that you sit and wonder which one is going to give away first.

Will the world replace the U.S. dollar as the international trade currency?

Will a war in the Middle East close down the trade routes and crude oil prices soar out of sight?

When will the entitlement society become so top-heavy that it cannot be sustained any longer, loosing angry mobs on the streets of America wreaking havoc and interrupting commerce?

Will an internal terrorist attack slow down or stop the wheels of industry, interrupting the flow of goods and services?

When Obamacare reaches its full potential, what will the true ramifications be? Nobody really knows.

Will the EEC or some other economy so closely related to ours teeter and fall?

There are so many variables, it boggles the mind - wheels within wheels, interdependent pieces of the fragile infrastructure each a domino with the ability to start a chain reaction capable of taking the economy off a cliff.

President Obama did not get us into this predicament by himself; he had lots of help from former administrations and a spend-crazy Congress - but, he is the one in office as zero hour approaches and if he doesn't act he will be presiding over a train wreck.

The gate is open and the cows are about to get out; it needs to be closed before they all head out for greener pastures.

That's cowboy logic.

What do you think?

Pray for our troops and the peace of Jerusalem.

God Bless America

Charlie Daniels

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