Dishonest but Not Illegal
In explaining the bank bailout to the American people, President Obama implied that the dirty little secret in all of the financial mess was that much of the financial institutions conduct was dishonest but not illegal, meaning America had no laws on the books clearly declaring the banks, mortgage companies, realtors and Wall Street’s obvious fraudulent practices, crimes punishable by the rule of written law.
In the phrase, dishonest but not illegal the concept implies that the lack of illegality equates to a lack of accountability for that dishonesty. While mostly true, the lack of illegality does little to change dishonest behavior into something acceptable. This legal technicality absolves no one’s liability for willfully flaunting, what has become, the cause of America’s decline.
Today, every American, rich or poor, pays for dishonesty in this Nation. Our eroded ethical standards fare no better than our highway infrastructure. As long as the incentive to lie and steal is not offset by accountability for those actions we will continue to decline, and at an ever increasing rate. I give America one more generation before we forever lose our prominence in the world.
A thousand years from now, when historians and authors use the term American I predict it will have the meaning of unconstrained greed to the point of self-destruction. We are all contributing writers to: The Rise and Fall of the American Empire.