We need to Unite Together "Constructively" - Just another day in the mortgage mess

I was looking up the definition of a word this morning when I ran across "collectivism" which I read about in my college days. The meaning of collectivism is a political or economic system in which the government owns businesses and land. The least collectivist of these is social democracy, which seeks to reduce the inequities of unrestrained capitalism by government regulation, redistribution of income, and varying degrees of planning and public ownership. In socialist systems, collectivist economics are carried to their furthest extreme, with a minimum of private ownership and a maximum of planned economy. To learn more about "collectivism" read books by Karl Marx.

Furthermore, I remember studying his ideas on "alienation" in college, and one example my Professor used, was the auto industry where factory workers put the doors on, the paint and so forth, but they do not get to assign their name to the final product as an artist would. The employee is alienated from the product he/she put together. The idea of "alienation" is where humans work for the good of themselves not for the good of others. Another example of this would be the subprime market these past few years, where subprime investors/subprime lenders seemed to set-up these loans only for the good of themselves, not for the good of the people; which resulted in the subprime crash of March 2007. It is my opinion that anger is going to further alienate all of us if we fail to use our anger constructively. There is so much anger towards the Executives of AIG and these subprime lenders & subprime borrowers and rightfully so. However, if this continues it will give "alienation" the momentum it needs to grow; therefore, causing people to do what is good for themselves, not for the good of all. We have to get over this anger and guide ourselves constructively; which is sometimes easier said than done. So many of us, including myself, have been hurt by this financial crisis and the anger can be overbearing at times. However, it is essential we stay united and work together constructively to re-build our economy strong, once again. Sometimes working with the enemy is the perfect antidote to a crisis. Is there a way these smart people at AIG, who put us in this mess, could use their intelligence creatively to get us out of this crisis? Just an idea. (maybe my view or opinion is naieve, but something has to work)

It is clear why so many believe President Obama is taking us in the direction of Socialism. It is all about perception.

I hope, as U.S. citizens, we will use our anger constructively to unite together and build together, so we are stronger and bigger than our government. We need our government to work for us, not the other way around. I am hoping this is the goal of President Obama, Congress, and Regulators. Moreover, I am glad these big banks want to return the TARP money to our government as they should. We need the CEOs of Bank of NY Mellon, Citi, Bank of America, Morgan Stanley, JP Morgan, and Goldman Sachs (all CEOs) to stay united and fight for the consumers best interest and the strength of our economy. They are big enough to do this. This is a time when "big" is good in my opinion.

In conclusion, if Treasury Secretary Geithner gets a "so called" super regulator in place collectively, and these CEOs stay united and return the TARP money, then it does not seem as if our government will dominate. Stay strong...One can hope!

I am going to end today's blog with this quote: "Courage is resistance to fear." Mark Twain

Stay tuned...I have more to share. Just another day in the mortgage mess!