Friday, October 24, 2008

How to talk about the distribution of Resources

ILLUSTRATED: Democrats want a healthy distribution of resources. It starts with fiscal policy.

Yesterday Alan Greenspan confessed that his "ideology" was "flawed" in testimony before Congress. He went along with easy money at a time, post 2001, of fiscal irresponsibility. Remember back in 1993, he was the only Republican in Washington to support Bill Clinton's deficit reduction package that raised taxes on the rich. With sound fiscal policy, the government stopped competing with business in the long term capital (bond) markets and long term economic expansion came to America. With Clinton's solid fiscal policy Greenspan sould look like a "Maestro" fine tuning interest rates here and there.

Think of the economy like your body's circulatory system. If you get hooked up to an EKG, you can measure the efficiency and effectiveness of getting blood to all parts of your body. Clinton had the circulation (distribution of resources) as good as it had ever been. George W. Bush immediately raised the legs and arms and tried to pool as much blood in the head thinking that that was best for circulation. Well, we almost died over the last six weeks, saved by a blood transfusion.

Barack Obama and the Democrats will distribute the economy in a way that everyone takes part.

Friday, October 17, 2008

Beware of today's Supreme Court ruling

ILLUSTRATED: The Supreme Court today subtly attacked the rights of individuals to enforce federal laws.

There was a high profile decision from the High Court today that is considered a political victory for Democrats. The Democratic Secretary of State of Ohio does not have to throw out 200,000 of the 600,000 new voting registrants of 2008. The GOP claimed that there were discrepancies, in the applications and the state records. But the Secretary successfully argued that the GOP was trying to prevent people from voting. Moving, foreclosure, and clerical error could be the explanation.

2 things are to be learned:
First, the Roberts Court does not want people, or private parties enforcing federal laws when they are not expressly authorized to do to in the legislation. This could have a bad effect when the federal government is not effectively enforcing the law on its own. This was very much a state's rights ruling. Therefore.........
It is crucial to elect Democratic state officials to make sure justice is done and good policy is enforced. Democrats are not necessarily anti state power, we believe in good government at all levels.

Saturday, October 04, 2008

Big business and the GOP

ILLUSTRATED: The Democrats are making inroads to the longest political alliance in history.

As I see American political history, parties have shifted over time. Things like federal power vs state sovereignty, isolationism vs interventionism, North vs South etc. However, the one constant has been that going back to Hamilton and the Federalists, the Republicans have always had the support of big business/finance. (Note big not small).
But today, the fact that more Democrats voted for the Finance Rescue than Republicans, I see the GOP becoming a modern day Know Nothing Party. It will become as David Brooks says a Sams Club party. Largely middle and working class whites, who feel little connection to the financial system.