Mitchell’s laws: The more budgets are cut and taxes inceased, the weaker an economy becomes. To survive long term, a monetarily non-sovereign government must have a positive balance of payments. Austerity = poverty and leads to civil disorder. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
Washington Post, Feb. 17 (Bloomberg):
Romney, the son of an auto company executive-turned- Michigan governor, has bashed labor bosses at almost every campaign stop in the state this week, vowing to pass laws making it harder for workers to organize — particularly the powerful United Auto Workers union.
Union membership in the state is on the rise, bucking the national trend. Last year, 18.3 percent of the Michigan workforce was represented by a union, up from 17.3 percent in 2010. More than a quarter of Michigan Republican primary participants in 2008 were from households that included a union member.
Romney also has been citing unions as a major reason for his opposition to the federal bailouts of General Motors Co. and Chrysler Group LLC.
Romney, 64, is also trying to rebrand himself as a committed fiscal conservative and refute criticism that he changes positions for political gain.
Bashes unions in a powerful union state. Opposes the successful saving of the auto companies, where Republican voters work. Tries to show he doesn’t change positions for political gain. What next to appease the pious right — an anti-gambling tirade in Nevada?
Folks, you simply cannot make this stuff up.
I award Mitt one clown symbol, plus a great big thank you for adding humor to an otherwise grim campaign:
Rodger Malcolm Mitchell
No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia. Two key equations in economics:
Federal Deficits – Net Imports = Net Private Savings
Gross Domestic Product = Federal Spending + Private Investment and Consumption + Net exports