How do we know this? Because he announced yesterday that jobs and growth were now his administration’s top priority. On Tuesday, America went to the polls. And the message you sent was clear: you voted for action, not politics as usual. You elected us to focus on your jobs, not ours. [snip] At a time when our economy is still recovering from the Great Recession, | Read More »
So we’ve reached a meta-stable political and societal equilibrium that subordinates probative and intelligent governance to the satiation of an increasingly base and callow population. As a result of that, politicians promising to utilize government to meet the basic needs of a large mass of individuals increasingly enjoy higher probabilities of winning elections. This process favors Post-Modern Liberals over Traditional Conservatives and focuses elections on the lower rungs of Maslov’s Hierarchy.
This result is what I described yesterday as an absorbing state where voters feel like they can’t feed themselves unless they vote for Democrats who promise them government help. This limits opportunities for Conservatism and forces the nation on a train-track to fiscal and moral bankruptcy. This pernicious feedback loop can be countered in two ways. We blow it up (I’ll discuss how to light the fuse in my next post in this series) or we slow it down until we bleed off enough energy to make it stop. Today focuses on this option – The Fabian Option.
1) Obama won by running a divisive wedge issues-based campaign in the right locations, in conjunction with a killer ground game. He ran up huge margins with blacks in VA and OH. He played the amnesty card with Hispanics in CO, NV, and FL. He played the war on women card with white women in NH, WI, and IO. But wedge issues, such as immigration | Read More »
Meanwhile, back at the ranch… Fitch Ratings said that there would be “no fiscal honeymoon” for President Obama, warning early Wednesday that the U.S. probably would lose its AAA credit rating if the White House and Congress don’t address looming tax increases, spending cuts and the fast-approaching debt ceiling. “The economic policy challenge facing the president is to put in place a credible deficit-reduction plan | Read More »
Americans often exude an apathetic attitude regarding the importance of elections. Many people feel as if their lives will be the same the day after the elections, irrespective of the outcome. As such, they are not enthusiastic about voting. Well, in this case, if Obama is reelected, our country will never again resemble the Constitutional Republic that it once was and should continue to be. | Read More »
If I wanted to be a political hack, I would tell you that this was a terrible jobs report because the unemployment rate rose .1% at a time when we are supposed to be experiencing only growth in the job market. However, the truth is that just like the past few reports which showed the U3 number declining were not good reports; this one is | Read More »
We have two different candidates who could win the US Presidential Election in six days. One claims that he favors “All of The Above” as an energy policy, but as you’ll see below, that comes with a caveat. The other candidate favors US Domestic Energy Independence as a method of economic revival. To determine which man is serious, look closely at how they react to the idea of reliance upon coal-fired energy.
Let’s say you saw the number one goal of the current US President is domestic energy independence or an all of the above energy policy. Would that include a major environmental regulation that threatened to take nearly 30KMW of electrical power generation offline in the immediate future? Would it involve specifically preventing mining and development of a major source of available domestic energy? If so, your candidate is already in office. The Hill describes the Obama Administration’s stance on coal energy below.
The Bureau of Economic Analysis published its report for 3rd quarter GDP and found that the economy is growing at a mediocre 2.0% rate, a slight improvement of the 1.3% growth in the 2nd quarter. Had we not experienced such a deep recession, this number would not concern us. However, in order to recover from such a deep recession we need consistent growth of 4% | Read More »
Irrespective of the outcome of this election, there must be no effort to pass major legislation during the lame duck session. We don’t need political suicide bombers who have nothing to lose deciding consequential issues immediately preceding their departure from Congress. As such, we must block any faux grand bargain during the post-election session. Unfortunately, it looks like we will have to contend with another | Read More »
In many respects, this country no longer looks like the American Republic that our parents and grandparents experienced. More than ever before, government is destroying private enterprise on the one hand, and offering permanent dependency on the other hand. With all the focus on big bird, binders, and the 47%, the most important figure is the $1.03 trillion – the cost of combined federal and | Read More »
The crazy-man speaks. Iranian President Mahmoud Ahmadinejad predictably rails against the E-vil Amerikan Empire. The really bizarre and frightening aspect of this particular harangue is the utter lack of deracination. This time, the Nut-Job can back his assertions with quantitative data. This time the crazy-man may not be so crazy. Ahmadinejad delivers what he hopes to be a japing eulogy below.
“How long can a government with a $16 trillion foreign debt remain a world power?” he asked at a press conference with Kuwaiti media personnel. “The Americans have injected their paper wealth into the world economy and today the aftermaths and negative effects of their pseudo-wealth have plagued them.”
To me, the Facebook IPO is a perfect metaphor for the Barack Obama Economy. It has the awesome sales-pitch. Everybody is excited and nobody had better dare talk it down. All the experts touted the cutting-edge science explaining why it was the best idea for the current situation. Then, we’ll let Christina Romer explain bluntly* what exactly happened next.