Worse than exporting jobs, we just persist in showing the real world our lack of savoir-faire, our ignorance and our incompetence. In the last 52 weeks, we have published several articles about the extreme poor behaviour of the White House. It is becoming contagious, now, at various levels of our society.
Insults: We have said before that every time Bush, Cheney and Rice go abroad, they insult their hosts. This week, a so-called University President has shown extreme poor manners with a series of insults to the President of Iran. Coming from the White House, we can understand, and can not expect better. Coming from a learning institution, the real world is surely surprised, chocked and disgusted. When we invite a foreign leader, we must show a minimum of decency. Agree or not with his policies. The real world has noticed, and again, we pay the price.
Ignorance:
1) The Congress, the media, the politicians, and especially University professors and students, (forget the White House), should know that the President of Iran is not the ONE who makes decisions about foreign policy and the country day to day operation. He is mostly a representative figure. Our tough politicians who are talking about a change of regime just show how stupid they are. By removing the existing President of Iran, will not change the 65 million Iranians.
Same story with Cuba and the brainwashed ex-Cubans in Miami (still not real Americans). Replacing Castro will not change the great majority of 11 million REAL Cubans. Only a bunch of idiots in the Congress can not understand that...or are not interested to understand.
2) Once more, the coward Congress shows their lack of clairvoyance by insisting to erect trade barriers with China, or asking China to re-evaluate their currency. Only ignorant Congress people can not understand that a stronger renminbi (yuan) will cost us more in annual interests for paying our alarming debt, and, of course, our importing goods, will also become quite expensive.
Only irresponsible Congress members can not understand that our arrogance will simply incite China, and other funds providers (to support our mismanagement of debts) to look for better and safer countries where to put their savings (because we did not learn how to save).
3) Only an irresponsible and short-sighted Congress still can not see the consequences of the fall of our dollar, a 65% decline in value in the last five years, against the Euro and Canadian loonie.
We guess, it was more important to vote against an ad of MoveOn, and show the real world that the freedom of ideas in United States, is only a dream.
This probably explains why we are so afraid to listen to foreigners. We prefer to attack foreign leaders, and naively build their own prestige in the real world and stature in their respective country, like we did, and still do with Castro, Chavez, Ahmadinejad, Arafat, and so many others.
We are so well appreciated from the rest of the world, that as soon as we support a candidate in any country, you can bet that he will lose; if we attack a candidate, he will win. A heck of a job, by the present White House.
Incompetence: We (minus 35% of gullible Americans) know the series of nominations by the White House to unqualified sycophants. We can not stop the rest of the world for laughing at our electoral system which does not allow to fire incompetent public servants.
But, the least we can do, is taking measures for not repeating the same mistakes at the business levels, especially with government sponsored companies, such as Fannie Mae. The real world can, perhaps, understand that politicians are politicians, but will never accept that a Congress and shareholders keep in place Executives with lack of ethics, who are cheating investors, and abusing their power against regular homeowners, in good faith.
As we have predicted, several months ago, we are starting to hear from European and Asian companies looking at the possibility to withdraw their listings to New York Stock Exchange. And it is only a beginning. London, Hong Kong and Singapour Stock Exchanges are becoming more attractive, for various reasons we have previously elaborated.
Congress should stand up and take action about changing the regime at Fannie Mae, whose executives, still do not know how to file earnings statement, after almost a year. Are they playing with figures, for fooling the public, again? Such a vote will be more productive to our reputation, and to the home market, than a vote against MoveOn. Let's be serious, be mature, and move-on on strategical issues: ethics in business, ethics in politics.
Then, and only then, we might regain a little of our credibility, and trust with the Real World.
The Facilitator.
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