Sunday, December 20, 2009

A Decade of Con-Men

UPDATED: This statement on FDL was too good to pass up since it gets to the very issue described below:
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Barack Obama gets his Mission Accomplished banner day, hits the airwaves, and blows smoke up America’s enormous-because-it-won’t-get-off-the-couch ass:
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While perhaps unfairly targeting Tiger Woods, Frank Rich has a great column in the New York Times that looks at the first decade of the 21st century as the decade of the con man/woman, although most of the con artists seem to have been men, except for Sarah Palin who sets a new standard for living in an altered reality. Ranging from Woods' false image of the perfect family man to the snake oil used by Bush/Cheney to take the country into a needless war Iraq, to the legal con games utilized by Wall Street to enrich a few while destroying the financial markets, Rich does a great job at describing what was in many ways a truly perverse decade. Not surprisingly, his column ends with a look at Barack Obama who to many is beginning to look like yet another con man - slick with words but devoid of substance. Perhaps receiving to little condemnation is the news media that time and time again failed to engage in true investigative reporting and allowed so many of these debacles to come to pass. Merely parroting what politicians say and reciting corporate ad campaigns is not investigative reporting. Hopefully, in the next decade there will be more media focus on the truth or lack thereof of what is being said by those in all segments of society. True patriotism is asking hard questions and not merely going with the flow. Here are some column highlights:
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If there’s been a consistent narrative to this year and every other in this decade, it’s that most of us, Bernanke included, have been so easily bamboozled. The men who played us for suckers, whether at Citigroup or Fannie Mae, at the White House or Ted Haggard’s megachurch, are the real movers and shakers of this century’s history so far. That’s why the obvious person of the year is Tiger Woods. His sham beatific image, questioned by almost no one until it collapsed, is nothing if not the farcical reductio ad absurdum of the decade’s flimflams, from the cancerous (the subprime mortgage) to the inane (balloon boy).

People wanted to believe what they wanted to believe. Tiger’s off-the-links elusiveness was no more questioned than Enron’s impenetrable balance sheets, with their “special-purpose entities” named after “Star Wars” characters. Fortune magazine named Enron as America’s “most innovative company” six years in a row. In the January issue of Golf Digest, still on the stands, some of the best and most hardheaded writers in America offer “tips Obama can take from Tiger,” who is typically characterized as so without human frailties that he “never does anything that would make him look ridiculous.”
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As cons go, Woods’s fraudulent image as an immaculate exemplar of superhuman steeliness is benign. His fall will damage his family, closest friends, Accenture and the golf industry much more than the rest of us. But the syndrome it epitomizes is not harmless. We keep being fooled by leaders in all sectors of American life, over and over.
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The most lethal example, of course, were the two illusions marketed to us on the way to Iraq — that Saddam Hussein had weapons of mass destruction and some link to Al Qaeda. That history has since been rewritten by Bush alumni, Democratic politicians who supported the Iraq invasion and some of the news media that purveyed the White House fictions (especially the television press, which rarely owned up to its failure as print journalists have).
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Much of the country, regardless of party, didn’t want to question its leaders, no matter how obviously they were hyping any misleading shred of intelligence that could fit their predetermined march to war. It’s the same impulse that kept many from questioning how Mark McGwire’s and Barry Bonds’s outlandishly cartoonish physiques could possibly be steroid-free.
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Republicans incessantly fell for family values preacher politicians like David Vitter, John Ensign and Larry Craig. Fred Thompson was seen by many, in the press as well as his party, as the second coming of Ronald Reagan. Karl Rove was widely hailed as a mastermind who would assemble a permanent Republican majority.
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But these scam artists are pikers next to the financial hucksters. I’m not just talking about Bernie Madoff and Enron’s Ken Lay, but about those titans who legally created and sold the securities that gamed and then wrecked the system. You’d think after Enron’s collapse that financial leaders and government overseers would question the contents of “exotic” investments that could not be explained in plain English.
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But after a decade in which two true national catastrophes, a wasteful war and a near-ruinous financial collapse, were both in part byproducts of the ease with which our leaders bamboozled us, we can’t so easily move on. This can be seen in the increasingly urgent political plight of Barack Obama. Though the American left and right don’t agree on much, they are both now coalescing around the suspicion that Obama’s brilliant presidential campaign was as hollow as Tiger’s public image — a marketing scam designed to camouflage either his covert anti-American radicalism (as the right sees it) or spineless timidity (as the left sees it). The truth may well be neither, but after a decade of being spun silly, Americans can’t be blamed for being cynical about any leader trying to sell anything. As we say goodbye to the year of Tiger Woods, it is the country, sad to say, that is left mired in a sand trap with no obvious way out.

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