Mitchell’s laws:
●The more budgets are cut and taxes increased, the weaker an economy becomes.

●Until the 99% understand the need for federal deficits, the upper 1% will rule.
●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.

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If you’re looking for sense in this election season, you’ll be disappointed. Mitt Romney, who has offered zero plans for the economy, and has changed virtually every position he ever has held – sometimes having changed more than once – is favored by the very people he is most likely to hurt.

This tells me Romney is irrelevant. The election is all about Barack Obama. I suspect there are very few true Romney supporters. Really, what is there to support? For the most part, there are Obama haters, Obama lovers and those who don’t know.

The Republicans essentially have put up Casper the Ghost, a creature without form or substance, and have done everything possible to keep the economy from improving, so that Obama will be blamed, to create more Obama haters than Obama lovers.

New York Times
Polls Underline Stubborn Splits in 3 Key States
By Jim Rutenberg and Allison Kopicki, Published: August 8, 2012

Mitt Romney is maintaining the traditional — and sizable — Republican advantage among white working-class voters in the states most likely to decide the presidential election. President Obama is holding on to the crucial support (of women) in most battleground states.

Those findings, contained in the latest batch of Quinnipiac University/New York Times/CBS News swing state polls. Mr. Obama’s goal is to keep Mr. Romney from running up huge margins among white working-class voters — defined as those without college degrees and with household incomes of $30,000 to $100,000 — who could give him the edge.

Romney has offered no plan that would benefit white, working class voters. He hardly has offered any plan at all, with the possible exception of his amazing vow to eliminate Romneycare (aka Obamacare), a program that already has begun to help his white, working class supporters.

Why would anyone vote for a candidate offering no solid plan – a candidate who has switched positions on minimum wage, stem cell research, health care mandates, citizenship for immigrants, pro-choice for women, the Bush tax reductions, gun control, global warming and same-sex marriage?

A vote for Romney is a vote for – what, exactly?

The latest polls underscore just how tight the race continues to be, with the candidates running closely in Virginia and Colorado and Mr. Obama leading in Wisconsin. Mr. Obama is struggling because of the economy. But Mr. Romney is also struggling to connect with middle-class voters.

And about half of voters in each of the three states said presidential candidates should release several years of tax returns. (Mr. Romney has so far declined to release more than two years of returns amid calls by Democrats and even Republicans for more.)

A candidate’s repeated flip-flopping is a symptom of his intellectual dishonesty. A candidate’s refusal to release tax returns is a symptom of financial dishonesty. Yes, all politicians are liars — including Obama — but Romney seems to be taking political mendacity to another level.

In Florida, Ohio and Pennsylvania, more voters said that Mr. Obama’s policies would hurt their personal finances if he were elected to a second term than said they would help.

Mr. Romney is running ads in Virginia and Colorado featuring the owner of a metal fabricating business who asserts Mr. Obama is undermining him; the campaign has named his coming bus tour “The Romney Plan for a Stronger Middle Class.”

O.K., Florida, Ohio, Pennsylvania, Virginia and Colorado, exactly what are those Romney Plans for a stronger middle class”? Anyone?

Try to touch Romney and your fingers will glide right through him. I have watched elections since Truman, and I never have seen a candidate for President of the United States with less substance and fewer solid beliefs than Mitt Romney.

As I said, this election is all about Barack Obama. But Casper the Ghost could win.

I award all those working class, less educated folks, who plan to vote for Romney, the Casper award for imaginary, ever-changing, ghostly lack of substance. Grab him if you can.

Monetary Sovereignty

Rodger Malcolm Mitchell
Monetary Sovereignty


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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

#MONETARY SOVEREIGNTY