Well, Mitt Romney has finally published another years tax return form. And, President Obama has assured voters we are better off now than four years ago. That’s about as close to a ‘plan’ for the future as either candidate has tabled, IMO. Leaves one a little hard pressed to make a definitive decision as how to cast their vote based on such limited information.
Year over year trade imbalance with China, not even a mention
$16-20T of debt that will squelch GDP for decades
Fair trade remains 'what you can get away with'
No one can say definitively how to improve the world economy
The Arab Spring is evolving into a Mid-East Winter
Nothing to report on abolishing corporate personhood, auditing the FED, a flat tax, Article V Convention, REAL campaign finance reform, or any reform beyond the fringe
. . . and I don't love anybody anymore - - -
There are pressing problems to be debated and solved but Corpocracy seems quite happy with the status quo. So, the people are left with the dregs of reform; right here at election time we will broach with China the issue of subsidizing auto parts, and so on = = =
Projections for GDP growth are down for the next couple of years. FEDEX projects 1.9% GDP next year. With the unemployment and housing stats, and with Corpocracy operating within their comfort zone there is no rational for optimism for the coming decade, IMO.
Some corp's seem to agree; HP has cut over 50K jobs over five years and will cut 27k jobs by 2014, Bank of American to cut 16k by the end of the year, AA may cut 4.4k jobs due to bankruptcy, eight coal mines are shutting in WVa cutting hundreds of jobs.
Some stimulus could be used to build a smart grid and make some major infrastructure improvements but, not happening. The big banks will begin receiving $40B monthly to help alleviate the housing crisis, created in part by the big banks.
Wealth for the 99% fell 0.5% for the 2nd quarter as the 1% continued to zoom on. Gates with a net worth of $66B, Buffett with $46B, Larry Ellison at $41B, and the Koch brothers tied at $31B continue to set the pace.
Meanwhile, a Senate subcommittee reports that US multinationals including Microsoft and HP have exploited weaknesses in the tax code to avoid paying billions of dollars in taxes on overseas profits. I know that sounds a little dated but if the Senate reports - - -
That's enough tautology to warrant voting all incumbents from office, stand up a new 3rd party with a different political attitude and begin to try and save us from ourselves.
Otherwise, we have the Corpocracy we deserve.
Posted by Roy Ellis at September 23, 2012 9:37 PM
If you liked the last four years, Obama is your man. He will behave much the same way over the next four years. You cannot be sure what you will get with Romney, but you know what you had with Obama. Are you satisfied?
C&J, I don’t have a dog in the fight. I might vote for Virgil Goode, Constitution Party candidate. I gave up on the duopoly along about 2000. The chart below offers insight as to why. The correlation between money and politics has become much too tight, IMO.
Since Regan we’ve had Corpocracy rule. Anti-trust was put in the closet, regulations defanged, corporate welfare vastly expanded , slap on the pocketbook justice for corrupt corporations, bail-outs for the rich and famous/infamous, insane giveaway of taxpayer revenue, and so on - -
Portending insanity too, in pushing for an NAU where people walk around without any doc’s or suspect doc’s while we have people coming into this country to blow things up. Which is very close to what we have today with open borders.
In a nutshell, everything for business and let the little guy work it out on his own.
Otherwise, we have the Corpocracy we deserve.
Where is Thomas Jefferson, Harry Truman, D. Eisenhower when we need them? Could Virgil be our man?
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