Tuesday, May 27, 2014

THREE YEARS AFTER DODD FRANK




In 1937, the United States established "Standard Industrial Classification".


As the justification for establishing S.I.C. industrial codes was to prevent the future nationwide, and, worldwide "collapse of national and worldwide free market economies", it was clearly understood that the exchange of pertinent industrial information as that information related to virtually every daily industrial function of every American and American Ally would circumvent these economies from failing so drastically as they collectively did at the end of the 1920's, and, in doing so enable a rather extraordinary expansion of industrial and economic growth worldwide.


Since the Great Depression and since the establishment of S.I.C. industrial codes our America has witnessed some rather profound economic and industrial advancements. As these advancements have led to the almost constant refinement of S.I.C. industrial codes, and now today, these codes are entitled N.A.I.C.S codes, the advancements in industrial and economic growth has quite simply justified, in quite the immediate manner, the almost constant updating of the industrial categories our nation is constantly expanding upon.


Having stated what I have stated above, it should be, within our national economic dialogue, rather obvious that the economic mapping of our whole American industrial function is paramount to our whole national economic prosperity. Unfortunately here in 2013, the very S.I.C. industrial codes established in 1937 that have since then all but guaranteed our nation's industrial and socio/economic prosperity, even with further structural definition of these codes via the establishment of N.A.I.C.S codes, we find ourselves once again both a nation in industrial and economic decline and a nation filled with a quite dynamic and quite seriously negative social anger as a result.


As the question is why we are all so collectively angry, and, the larger question is why we are as well so collectively economically dysfunctional, I choose to turn to the in-action of nationwide "Standard Industrial Classification Consciousness" as the benchmark from which we today cannot evolve and solve our larger interpersonal socio-economic angst, and, in turn put a true and lasting value on the very simple fact that industrial codes here in our America need once again to be entirely overhauled for the very simple sake of all of our very common and simple socio-economic prosperities.


In 1954, which was the year I was born, there were approximately 300 industrial sectors involved in the construction of one single family home in our America. Each of these sectors all of which were defined within the parameters of the incorporation of Standard Industrial Classification industrial codes in 1937 identified, in quite the personal and economically stable manner just exactly how the typical American family could build an energy efficient home, an affordable energy efficient home, and, in turn, afford to pay for that home due to the fact that they were actually employed in the industries defined by a national consciousness of Standard Industrial Classification. Within the framework of these 1954 industrial sectors, virtually every need every American family had was met. Whether the need be medical, whether the need be "Transportational". Whether the need be military defense, whether the need be agricultural, whether the need by fashion and clothing or interior decorating, whether the need be a gallon of paint or a ton of driveway gravel - Standard Industrial Classification - simply enabled a quite dynamic but quite exciting and engaging nationwide economic prosperity to flourish.


Here we are now in 2013. And, as we are, everything should be quite "hunky dory", but, in fact, it is quite obviously not. So the question is why it is not.


The answer to the question is really quite simply and very unnecessarily complex.


Here in 2013 in our industrial America, something quite monumental is occurring.


The very industrial codes we originally created to protect ourselves from nationwide economic meltdown have evolved to become quite dynamic and global in nature on one hand, but, on another, have become quite nationally repressive. As we have managed to expand our nationwide portfolio of  Industrial Codes to the umpteenth degree and in fact today the very home that was built in 1954 that celebrated the fact that we as Americans were actually engaged in a deeply personal and quite tangible expression of basic home and community construction via our collective understanding that all of us understood the social blueprint of the 300 industries we collectively worked in and for to produce an engaging, community oriented national economy back then, has turned today in 2013, into an essay as to how we as Americans "can't but must" incorporate the thousands of new industries that have grown out of our original N.I.C. codes established in 1937 and that have today, altogether redefined, both our understanding of American and global residential architecture as well as American and global industrial and economic development.


As the prerequisite for American  economic growth is now quite unfortunately worldwide in scope, and, as the portrait of the typical American home has, since the 1950's been seldomly updated in spite of the advancement and expansion of N.I.C. industrial codes, the fact that this has not occurred in our America represents quite clearly the fact that quite mistakenly and sadly arrogantly as a nation, we have convinced ourselves that even though we have the capacity to grow and build new industries worldwide, we have not quite figured out how to integrate these new industries into our own domestic economy and most importantly into the very homes and communities we actually live, love and work in. Thus, our failure to truly invest in the very homes and communities we live in has become an essay on how we have abandoned our basic belief in building truly advanced and sustainable homes that are on one hand affordable, yet on another, truly attached to our greater understanding of the truly natural environment and equally truthful industrial and economic environment we as a nation quite clearly have the capacity to both live in as ordinary American homeowners while simultaneously living and working as brilliant American craftsmen and women to produce.


As "Home Ownership" associated with that environment and the creation of jobs in the very 21st century industries that make our investment into home ownership affordable and environmentally healthy here in our 2013 America has once again escaped us as a nation of ordinary hard working laborer's almost entirely, the core industries that have always been the benchmark from which we as a nation truly measure our combined economic output, the core industries that actually apply technology to the everyday world we live in are in an almost constant state of industrial and economic remission.


The core industries I am speaking about are of course the building trades, the diversified and historic artistic trades that built past architectural periods of industrial renaissance , the tradesmen and tradeswomen who if were not interfered with by international bankers, multi-national corporations and all of the "so called Attorneys" that have presumptively assumed the position of running government", these industries, regardless of political ideology would truly apply the remarkably broad spectrum of Standard Industrial Classification codes throughout our 21st century American industrial marketplace in the true and common sense manner they were intended to be applied in the first place way back in 1937 when it was quite clear to the entire nation would only benefit from this universal exchange of combined industrial ideas.


Having stated all of the above, I suppose it is time to get to the larger political and economic point of this essay. As this point is to establish a benchmark from which we as a nation can actually move forward on every environmental, political, social and economic front we are afforded as a nation to achieve, I would like to describe that benchmark and do so in terms of revitalizing our domestic economy within the parameters of revitalizing our domestic housing and subsequent revitalization of the construction industries that make the whole magic of home ownership once again the foundation of our collective and ordinary down home "American Industrial Dream".


Currently in our America we are faced with the quite obvious fact that the price of  any given piece of residential property has been extraordinarily over inflated. As the justification for such over inflation has come about for many reasons, the primary reasons are that banks that once felt that giving mortgages on residential properties did so based simply upon the notion that real estate values always rise (circa the socio-economic dynamics of America in the mid 1980s up until the late 1990s) would more than justify the first and second as well as third, and possibly fourth, and, perhaps even fifth mortgages that could be siphoned out of the initial equity of that home even though the home itself was more or less left physically and technologically unimproved throughout this period.


While all of this most certainly was an enticement to both the homeowner and mortgage lender to begin with as it was at one point in time virtually assured that property values would forever increase thus enabling homeowners to borrow against the equity of their home in hopes that the borrowed funds would enable the homeowner to establish a global investment portfolio?????????????? on one hand while doing superficial redecorating of their homes on yet another????????????


Well, needless to say, the mortgage crisis of the mid 2000s remains squarely with every American today in 2013 and the Standard Industrial Classification codes that enabled our nation to finally turn around our economy after the Great Depression remain firmly entrenched and lost in the unmistakably illogical belief that as long as we continue to sell the world on the notion of having American based corporate investment portfolios that have virtually nothing whatsoever to do with improving our own nationwide collection of residential architecture, we remain a nation of jobless owners of residential real estate that should have been constantly updated due to our own national sense of industrial and economic self protection but has not. As that nationwide self protection is benchmarked in the establishment of a host of emerging American energy sectors, it does as well, represent our capacity as Americans to re-engineer, redesign and re-blueprint the economic direction of our nation's diversified corporate manufacturing entities, corporate information technology entities, and, subsequently, the immense stable of proactive 21st century corporate labor pools that that should be emerging upon our domestic industrial economy but simply are not.


As virtually every essay on my blog "The Green Collar Blue Industrialist" describes in rather succinct detail how to assure that such technological evolution occurs, it is imperative to understand from a purely kind and compassionate political standpoint why it has not. Having said this, I would like to address some of the fundamental weaknesses to our hopelessly legislated 21st century national economy that have come about since President Obama was elected and since the Republicans have repeatedly chosen to obstruct some rather brilliant but none the less, poorly structured Democratic industrial and economic initiatives. Yes, we actually can be on the same page in our America.


The Dodd-Frank Act in particular was perhaps the most belligerent,beguiling and provocative Democratic initiative to come out of President Obama's early administration. When the Democrats controlled both the House and the Senate in his early presidency, this act more or less stated and insured that big banks and big federal government had some inherent right to control the residential mortgage industry because they felt as if American homeowners would somehow benefit if our nation's Standard Industrial Classification codes were expanded globally outward. Rather than have these industrial codes expanded within our own national borders to produce an internally organic and equally resilient mixed energy use domestic economy that fostered the internal prosperity of our combined, labor intensive capacity to overcome what has sadly become an essay on nationwide industrial futility, the Democrats wandered entirely off of our national economic and industrial radar screen to preach on global warming and the inherent need we have as "citizens of the earth" to build global green infrastructure. Meanwhile, the Republicans were more or less ranting and raving about American based global corporate expansion. As Republicans, as they should be, were focused on global expansion of our historically stable national based corporations as those corporations were equally historically based upon the constant evolution of our Standard and Poors 500 Industrial Index, and ,the Democrats were focused on turning all of the corporations within that index green. the American homeowner who over borrowed extensively on over inflated equity in their obsolete American home, had neither a job in a new industrial field characterized by the perpetual expansion of our nation's Standard Industrial Classification codes any more than the poor family in Athens, Greece had the capital to purchase the products made in America that would turn both their private home and community into a thriving 21st century example of how globally oriented industrial codes actually do benefit global economic partners and allies.


All and all, America is living in an early 21st century industrial and economic quagmire that is quite unfortunately both national and global in its overall redundant economic scope. Knowing full well  we all collectively live in a most exciting and dynamic time. Lacking in leadership from the traditionally supportive growth of industrial, labor intensive, union leadership from the Democrats and lacking equally in the traditional big business domestic industrial and economic expansion leadership of the Republicans, our collective industrial consciousness that has historically enabled us to bite the bullet of opposing political egos and simply get on with the obvious and quite uplifting and quite positively enjoyable task at hand has not, quite unfortunately, arrived.


And, all of this industrial, political and economic redundancy is of course, quite needlessly sad.


Thanks for stopping by.



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Curriculum vitae


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