Inflation at 3%? Is Obama done?

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3% inflation and 9% unemployment?

Can someone please tell me why Romney is not going to be our next president?

Dr. Econ's picture
Dr. Econ
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Jul. 31, 2007 4:01 pm

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Can you say non-traditional, cultish religion. He's less palatable to the average American than the half-black (Muslim Kenyan), born on a tropical island, grew up in Indonesia with a Muslim step father: Barak Hussein Obama.

But, then again, there's still plenty of time for a monumental economic catastrophe before the election next year.

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Laborisgood
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Jul. 31, 2007 4:01 pm

Extended unemployment benefits are scheduled to hit the trash bin in the election year. Millions with no source of income could tip the scales..

The Main Street economy will continue its downward spiral...One doesn't need a crystal ball to forecast that...just an understanding of basic economic functioning.

QUOTE:

"Obstacles aside, Obama might begin by restoring Nixonian Republicanism; he could do that! I say "Nixonian" for want of a more appropriate model. Thoughtful Tea Partiers, if any exist, might disagree, but Herbert Hoover is too remote, and the continuing deification of Ronald Reagan has become a non-starter. Republican plutocrats, the smarter ones anyway, realize, even if most Democrats don't, that "the Reagan Revolution" – continued by every President since Reagan, including Clinton and Obama – has run its course. They understand that the time is past due to "restart" the program.

A contemporary version of Eisenhower Republicanism would be better still but that would fall outside Obama's ken; Ike was more of a New Dealer and less of a hawk than Obama could ever be. Thus only Nixon is left. It's not a perfect fit: the Nobel laureate's willingness to engage in what peace candidate Obama called "stupid wars," though considerable, pales before Nixon's criminal recklessness. And, on the other hand, if Obama has it in him to be as "progressive" as Nixon was in domestic affairs, he has yet to show signs of it. But at least he does have Nixon's lawlessness down pat. - Prof. Andrew Levine

http://www.counterpunch.org/levine06152011.html

Retired Monk - "Ideology is a disease"

polycarp2
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Jul. 31, 2007 4:01 pm

Most voters still blame GOP policies for the recession. Add in that most grey haired Americans doesn't remember the Tea Party telling them prior to 2010 that they were going to end Medicare and wreck Medicaid.
As for Romney, GOP base voters, evangelical Christians, won't vote for a Mormon. Then when they learn how he made his money, he's cooked.

Phaedrus76's picture
Phaedrus76
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Sep. 14, 2010 8:21 pm

The ruling class has no reason to replace Obama. He's serving their interests magnificently well.

Garrett78's picture
Garrett78
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Sep. 3, 2010 9:20 am

I forgot to tell you that Romney is ahead in at least one poll already.

Before the billionaires and millionaires have spent a dime on him.

Dr. Econ's picture
Dr. Econ
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Jul. 31, 2007 4:01 pm

Medicare

ah2
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Dec. 13, 2010 10:00 pm

The financial class prefers Obama - he does what they want and distracts everyone, from people that think he is a grandma-killing socialist who will eat them to people who think he is an intellectual liberal who will save them. But, to paraphrase polycarp2, Nixon - paranoia = Obama.

Romney may be a good alternative for them, he is experienced in corporate rape and pillage himself and appears to be completely amoral and overly ambitious. But he is not as smooth as Obama. And he would need more babysitting. Obama will most likely win for the same reasons that Pepsi chose Michael Jackson as their spokesmodel rather than Donny Osmond.

BTW, if you think this has anything to do with what voters want or are concerned about, or who will show up and stay home, you have been watching too much American Idol. The pretense that voters choose the president was heartily disgorge from the maw of democracy with the 2000 'election'. Some people stole several trillion dollars from us and they are going to use some of it to get the person that keeps the thievery going.

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planetxan
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Jul. 31, 2007 4:01 pm

Considering both parties are attemptng to imitate Greece as quickly as possible...who knows who'll get elected to what.

Greece is in the process of a political/economic collapse. Default on their debt and a probable plunging Euro iare't far behind if they want to stabilize the country.

"Austerity for all...except the banksters who are bleeding nations dry." That could be the motto of BOTH U.S. political parties as well as those in Greece..

In Colo., wages are down 5% and inflation up nearly 4%. A loss of 9% in purchasing power for those who remain employed. That sort of thing usually doesn't bode well for the party in power.

Retired Monk - "Ideology is a disease"

!

polycarp2
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Jul. 31, 2007 4:01 pm
Quote planetxan:

BTW, if you think this has anything to do with what voters want or are concerned about, or who will show up and stay home, you have been watching too much American Idol. The pretense that voters choose the president was heartily disgorge from the maw of democracy with the 2000 'election'.

In spite of the ability to steal some popular votes which tips a given state's electoral votes (as in 2000 & 2004), our electoral process is still legitimate and a Mormon will NOT get elected as a Republican due to the extreme evangelical pandering of the GOP over the past few decades.

If our economics keep heading southward, any old traditional Christian in a tight race could put them within election stealing range.

Laborisgood's picture
Laborisgood
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Jul. 31, 2007 4:01 pm

In desperate times,peope do desperate things..Hitler seized power in Germany through Constitutional means..

Religion will be a minor consideration..The only viable alternative to failed policies will be the GOP and hope that things will change for the better. Things won't. Economically, the two parties are peas in a pod.

The Reagan Revolution will continue under the next Pres. just as it has continued under Clinton and Obama.. The "Outsourcing King",, Clinton,, put it on steroids.. The "Feed Finance King",, Obama,, is going along..

Government of the few at the expense of the many will remain on course no matter which corporate-vetted candidate gets elected. At some point, people may finally get that. and raise hell.

Retired Monk - "Ideology is a disease"

polycarp2
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Jul. 31, 2007 4:01 pm

In one thread, I read that the US "is a democracy." In this thread, I read that the US "electoral process is still legitimate."

That so many continue to engage in such mental gymnastics is truly disheartening.

Garrett78's picture
Garrett78
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Sep. 3, 2010 9:20 am

Americans have got themselves in this state of mind where they think that because they can choose a Pepsi™ or a Coca-Cola™ that they have made some kind of real choice. Elections can be fair and square, legitimate, crooked, non-existance or fully participatory, and guess what? Alan Greenspan's party is still going to win. The house always wins.

planetxan's picture
planetxan
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Jul. 31, 2007 4:01 pm

tale-of-coup-cities from the bachman thread fits here, too.

Not entirely unlike A Tale of Two Cities the American people have been asked, in polls for a decade now, whether the country is going in the correct direction or not.

They have said consistently that the country has been going in the wrong direction.

Government keeps going in the policy direction which the people certainly do not approve of.

Logical deduction: the people are not the government.

[read more on the link]....

We have stated that a "gentle coup" has taken place whereby MOMCOM is the actual government, that the politicians are mere actors carrying out the onion script, all in the name of the art of Sun Tzu.

That too is a logical deduction.

Most people want to raise taxes on the richest. Most people wanted single payer. Most people want to get rid of the penny. Most people wanted Gore. Most people did not want nafta. The US may have a legitimate system but it is not a democracy.

As the states and municipals dig deeper, they will sell off every last piece of public utilities. It is not necessary, as Kucinich proved, but the bondholders are more threatening than aipac, in this farce of a legitimate system.

The police and firefighters will be privatized and contracted out the same as the prisons, and schools are already going that way, as christie in NJ is doing.

Fascism was legitimate, too, legitimate fascism.

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douglaslee
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Jul. 31, 2007 4:01 pm
Quote planetxan:

Americans have got themselves in this state of mind where they think that because they can choose a Pepsi™ or a Coca-Cola™ that they have made some kind of real choice. Elections can be fair and square, legitimate, crooked, non-existance or fully participatory, and guess what? Alan Greenspan's party is still going to win. The house always wins.

Or between MSNBC and Fox. There are alternatives, such as Democracy Now and radio stations such as KBOO in Portland, but most are kept in the dark (or allow themselves to be kept in the dark) about said alternatives.

Virtually every national institution in the US is controlled by the ruling elites. It's not that freedom of choice doesn't or can't exist, but it's a struggle to realize that.

I think the first 6.5 minutes of the following video is relevant: http://www.rerunproducties.nl/film%20ellul.htm

What's so staggeringly stupid (or vicious in the case of those who know better) about many of the free marketeers is that they think a free market can be realized without trust busting, without ending corporate personhood and without addressing past and present injustices (including past injustices that have lingering effects).

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Garrett78
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Sep. 3, 2010 9:20 am

Douglslee wrote: Fascism was legitimate, too, legitimate fascism

poly replies: People tend to forget that Hitler obtained the dictatorship of Germany through legitimate means beginning at the ballot box..

The German equivalent of our Patriot Act enabled the legally appointed Chancellor of Germany,, Hitler, to temporarily assume full power until the contrived "national emergency" of domestic terrorism was over

Italy was a different story. Mussolin's wave of Fascist terrorism over Italy got the King's attention. He invited Mussolini to form a government to end the discord. and put an end to leftist protests...including those in Paliament..

Facism and the left have always been mortal enemies..It's usually the left that's found hanging from a rope when they originally confront one another..Facists meet the same end when they are overthrown out of sheer desperation.of the populace....like the gallows Chile's Pinochet. was heading for..He was fortunate enough to die before they could hang him.

Chile's democratic government could never had been overthrown without U.S. aid. We assisted Pinochet in establishing a fascist dicatorship in that country. What's the old saying, "Birds of a feather flock together"?

Was Pinochet's dictatorship legitimate? Sure. Ask the State Department. The military coup that overthrew the democratically elected Pres. of Honduras on the behalf of Honduran and U.S. Coporations is legitimate too. Ask the State Department. Better yet, ask Obama..The State Dept. works for him.

Retired Monk - "Ideology is a disease"

polycarp2
Joined:
Jul. 31, 2007 4:01 pm

"The ruling class has no reason to replace Obama. He's serving their interests magnificently well." Garrett

Bingo...he's like a Manchurian candidate in reverse....he governs for the increased profits of the oligarchy while posing as a president "for the people." The best of both worlds....they continue to rail against him, thus keeping everyone divided...while they profit by his actions.

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norske
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Jul. 31, 2007 4:01 pm

It's sort of like attending a "B" movie...where the end of the story can be figured out in the first 15 minutes of a "see-through" story-line.

QUOTE:

"Obama ran as the “candidate of change” from the Bush Administration’s war in Iraq and Afghanistan, its deregulatory excesses and giveaways to the pharmaceuticals industry and other monopolies and their Wall Street backers. Today it is clear that his promises for change were no more than campaign rhetoric, not intended to limit a continuation of the policies that most voters hoped to see changed. There even has been continuity of Bush Administration officials committed to promoting financial policies to keep the debts in place, enable banks to “earn their way out of debt” at the expense of consumers and businesses – and some $13 trillion in government bailouts and subsidy."

In the case of bailing out Wall Street – and thereby the wealthiest 1 per cent of Americans – while saying there is no money for Social Security, Medicare or long-term public social spending and infrastructure investment, the beneficiaries are obvious. So are the losers. High finance means low wages, low employment, low industry and a shrinking economy under conditions where policy planning is centralized in hands of Wall Street and its political nominees rather than in more objective administrators. - Michael Hudson is a former Wall Street economist. A Distinguished Research Professor at University of Missouri, Kansas City .

http://www.counterpunch.org/hudson06172011.html

Retired Monk - "Ideology is a disease"

polycarp2
Joined:
Jul. 31, 2007 4:01 pm

Michael Hudson rocks. He also points out that it is the election of supposedly left politicians, whether Labour in the UK, or Socialist or Social Democrats in other EU countries or Democrats in the US, that makes radical, pro-financial anti-labour policy palatable to people who would otherwise be very much against it. It is like I said in an earlier post, the elections are just a vote to see which spokesmodel will move the most product. Will it be Michael Jackson this year, or Donny Osmond, to sell Pepsi™ to the masses. No matter who it is, we're all buying sugary water that will rot our teeth and ruin our health.

Sorry Pepsi™, it's just an illustration.

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planetxan
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Jul. 31, 2007 4:01 pm

Currently Chatting

End. Fracking. Now!

California is already dealing with the worst drought in that state's history. So, the last thing residents needed was to learn that some of their dwindling water supply has been contaminated.

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