Dicky's Doodles &Scribbles

Cartoons,editorials and comment about current events and more.

Thursday, October 23, 2008

We Have Met The Enemy And He Is


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Many years ago, in the late Walt Kelly's Pogo comic strip, a wise Pogo contemplated the trash and garbage piling up in his swamp home and lamented "We have met the enemy and he is us."
Pogo was on to something then and this was before the awareness of the impending global warming crisis.
If Pogo existed today he would have witnessed the draining and destruction of his swamp so greedy developers could build housing tracts full of over sized, over valued 5,000 square foot plus "McMansions" which were purchased on near nonexistent credit provided by greedy financial institutions who then passed on the debt to other institutions who utilized crazy, complicated "tools" to get their share and then pass along the bad loans in a near unfathomable formula of investing all the while offering huge CEO compensation packages.
The folks who moved into these houses they could not afford then purchased SUV's to drive in spite of future threats to fuel supplies and increased air pollution and everyone rocked on their merry way until the "financial tsunami," as former Fed Chief Alan Greenspan phrased it, struck.

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