Yes and no. No question that politicians seem most interested in responding to the wishes of those who give them the highest contributions. But the other side of that coin is, perhaps even worse is the politician who thinks he is supposed to be our "leader," irrespective of what the constituents think. As in, "fuehrer" (look it up, that's what it means).
Our so-called "leaders" are in fact supposed to be our REPRESENTATIVES. As such, doing what lobbyists and other "special interests" advocate for is not entirely wrong. It's the way the system is supposed to work. We don't "hire" these people because we think they are geniuses or messiahs.
The problem is that politicians are not the representatives that they are supposed to be. The fact that congress has increased their salary to over 400K shows that the corruption has created careers instead of a few among our ranks that will go represent us for a while. I don't see any way to go back to the government the founders of the country envisioned.
Because they are the people who put the Politicians in power in the first place. Politicians can't turn against their Godfathers....
America's forefathers had a lot of sense (uniquely so among their peers in the world I must add) but the system they set in place was slowly highjacked by special interests. I submit that the establishment of the Federal Reserve Bank, the introduction of income tax, and the special interests role in US politics, were all fundamentally anti-constitutional.
This is why I feel that Obama and most of the congress are criminals. They never did anything right for the poor middle-class but they have done so many things to protect the upper class. For instance, why should a CEO be awareded with tens of millions of bonus while those cleaning the garbage bin can be chopped off at the instant of lesser profit. The income gap in corporate America keeps growing without an end in sight. Capitalism is a common excuse, or scape-goat. At the end, it is all down to greed, especially those in the politics, bankings, financials ...
Sure, NOW, and how is anyone surprised? This administration's bailout frenzy should have scrared the pants off anyone.
Check out this, to see the egregious nature of it. Starting in 2009. And not abating.
Like I said previously, the apologists like to bamboozle people into believing that if deficit spending stays steady, things are okay. But that's absurd. It means that year after year, you're spending ridiculous amounts more than you take in, putting the country deeper and deeper in DEBT.
What is brining several of the Eurozone countries down? This exact same attitude. The difference there being, those deficit-prone Eurozone countries expect the taxpayers of the more responsible countries to bail THEM out. That's what can't work. Our individual states are unable to operate independently that way.
"Federal government funding of each state varies greatly compared to the revenue that is received from that state at the federal level. "
That is the key any1, a common currency implies a mechanism for fiscal tranfers from one part to the other. This is not formalised in the case of the Eurozone and that's what must happen now, otherwise the Euro is doomed.
Bert22306 said "Just imagine what would happen to the US, if our economy worked like that of the Eurozone. Imagine, for example, that different states set their own government funded entitlement programs and their own affinity for government as the main employer of the work force, and then expected to be supported by other states with less generous policies. And imagine further that the work force was disinclined to move to states that had the jobs"
It seems to me this IS happening in the US today. States have great leeway in funding education and other social programs. Federal government funding of each state varies greatly compared to the revenue that is received from that state at the federal level. And many people may want to move to where the jobs are, but are under water on their mortgages and so they are trapped where they are until the housing market improves.
If and engineer dreamed up something as daft as a credit default swap and mortgage backed securities, while thinking they could eliminate risk from subprime lending, then they really should not be allowed to engineer anything at all.....
As has been pointed out, Germany is doing just fine. This is a crisis affecting Southern European nations and Ireland.
The origin of the problem was the financial industry was recklessly irresponsible. If engineers behaved like that they would be in prison.
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.