I know the polls keep saying that the vote
is close between Obama and Romney, but really? Others say that Romney is the
most disliked candidate in history and is totally out of touch with the public.
Then there is the question of which Romney
you are interested in: the Governor, the Olympic saver, the Bain executive, the
initiator of government sponsored health care (or the opponent of government
sponsored health care), the presidential candidate Romney who reminds me of the
governor from the “Greatest Little Whore House in Texas” who loved to do a
little sidestep… a couple of them seem fairly likeable, and others seem
downright villains.
But then let’s take a look at his
positions? Then the question becomes what on earth is his position aside from
some ideological platitudes backed up by absolutely no specific details. Of
course, you can find some economic details in his running mate, Ryan, which
ought to send any sane economists running for the hills. But I think I can
summarize them. Let’s see, there is the Austrian School of Economics which is
rightly never heard of by most but is where the supply side economic folk stem,
a.k.a. voodoo economics and trickle down economics. They did not work under Reagan,
they did not work under Bush, and they just don’t work and have caused our
current economic dilemmas, which we don’t seem to be able to remember. Their proponets even ignore their own ideas as they dump tons of money into defense, stupid
wars, and other pet projects which created massive national debt. [Check with Elizabeth Warren for details.]
There is some good news. Martin Sullivan of
tax.com reports that many of the GOP are likely to retreat on tax issues if
Obama wins. Or simply put, they will be willing to sit down and talk about
compromises and issues they way things used to work before all the extreme
right wing intolerants got to Washington. In other words yet, they see that
raising taxes on the super duper wealthy is not a bad idea after all. Besides,
if they ever check with their constituents they would find that practically all
of them support this type of economic sanity.
Bargaining at the table again sounds like a
very good idea.
Now what is the upside if Romney gets
elected? Hmmm, that seems reminiscent of my article, Mitt Romney’s Tax Plan as Revealed on Meet the Press. Oh, it wasn’t
revealed, thus no article. But one can conjecture. The rich, the really rich
will get more tax breaks and get even richer than they were when the crash of ’29
took place; more services will be cut from the national budget which will cost
us more money because we don’t have a plan to deal with them aside from letting
the die in the streets, the middle class will continue to decrease, we will
have more working poor and poverty stricken folk, unions may become totally
outlawed furthering the destruction of the middle class (but the duped
self-righteous on these ideas will be able to continue to condemn folk as being
more worthless than themselves), and we will have developed the world’s leading
Oligarchy before we collapse. Perhaps the Supreme Court will declare that the
only real people are corporations and the only ones entitled to a vote and we
won’t have to worry about civic responsibilities and debate.
Ah well, my goodly wife and I just spend a
delightful time in Alaska, a place of pristine beauty and total awesomeness. Me
thinks it would be good for a lot of candidates and political pundits to just
go with there and get a perspective on how small critters we are and gain a bit
of humility. But then we also saw the dwindling glaciers which the anti-environmentalists
continue to ignore. As one of the elite said at our dining table one evening, “The onboard speakers on environmental issues are only saying what they say because
they are paid to do it. Besides, some glaciers are growing.” I replied, “Yes,
5% of them. Did I overstep myself?
Anyway, it is good to be back in the lower
48 and blogging away again.
"a.k.a. voodoo economics and trickle down economics. They did not work under Reagan, they did not work under Bush"
ReplyDeleteIt worked well, at job growth, economic growth, and increasing revenue to the government. We now have the left-wing alternative: the trickle is cut off, so nothing flows down.
" more services will be cut from the national budget...letting the die in the streets"
Where do you get this from? Paul Ryan proposes increasing the funding to such services.
In New Zealand, Labour Party MP Damien O'Connor has, in the Labour Party campaign launch video for the 2011 general election, called trickle-down economics "the rich pissing on the poor".
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