This is the whole truth that all Nigerians must know today about their President that cannot, will not and unable to fight the culture of the official corruption in Nigeria from his comfortable abode inside the Aso Rock villa. (i) President Jonathan Goodluck is a direct product and the epitome of the heavily corrupt Nigeria's political and electoral systems. President Jonathan Goodluck is also a direct product of the politics of religious bigotry, election rigging, selection instead of election, mediocrity, Godfatherism, nepotism, regionalism and tribalism.
(ii) President Jonathan Goodluck is all his political life career to date either as an elected or a selected public official in his various capacities such as a former deputy governor, a former acting state governor, a former governor, a former vice-president, a former acting president and the current president has never openly or publicly known to have fought against the official culture of corruption in Nigeria passively or aggressively at all levels.
(ii) President Jonathan Goodluck can never and will never have the needed capacity and the leadership ability to fight this huge menace of the official culture of corruption in Nigeria effectively because he would be bitting the most powerful politicians and the most corrupt political fingers that fed him to power. President Jonathan Goodluck will be committing the biggest political suicide of his entire life that may cost him his physical and untimely death or the end of his entire political career as well as the presidency of Nigeria.
People from all the nations of the world today continue to immigrate by sea, land and air for the last few centuries into the most prosperous nation in the entire 6,000 years of the documented human history, in order to tap into the "American Dream or American Prosperity" that is abundantly available in the true land of prosperity. But this big dream or prosperity that keeps changing the life or the destiny of the millions of immigrants around the world who moved to America also comes with the huge monetary price to pay for this dream in terms of personal debts.
America as a nation in her 236th year of existence has successfully created the world's largest economy of $16 trillion as well as the world's largest middle class population in the entire human universe. America has also created those vast economic opportunities for her citizens and residents that have lifted over 70% of her entire workforce into the financial and material prosperity that the world has never seen or known in recent times, instead of the massive poverty, lacks, wants and insufficiencies that plagued the workers that work so hard in the many of the nations of the world today.
This American Dream came to most Americans with heavy personal sacrifices and the ranking up of huge personal debts also. According to some reliable current data of the financial profiles of most Americans. Those data show clearly that Americans in 2011 owe more than $12 trillion in personal debts, $8.5 trillion on mortgage loans, $730 billion on credit cards, $710 billion on automobile loans, $670 billion on home equity line of credits, $530 billion on student loans and $340 billion on other things.
Is the American Dream and prosperity based on debt, debt and more debt? The banks in America have already forgiven by writing-off $695 billion for these debtors and these consumers have also paid down only $375 billion out of their $12 trillion consumer debts they own. As the prices of everything, such as gas, food, health care, college tuitions, utility services begin to rise in America year in and year out unabated plus the stagnation in wages paid to American workers and coupled with the current high unemployment rate that is about 7.7%. Many Americans will continue to default on their debts, file for bankruptcy and the American banks and creditors will be left without any other alternatives in their hands to work with, but to continue to write-off their huge personal debts owned by most Americans as bad debts.