Mitchell’s laws: Reduced money growth never stimulates economic growth. 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.
The problem the Republicans face is quite simple: They pander to lunatics. They claim to be patriots, while divorcing themselves from everything America stands for:
“Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!“
They worship the wealthy and denigrate the poor. They wish to cut Social Security, Medicare, Medicaid, food stamps and unemployment compensation, while maintaining tax cuts for the wealthy.
This was a party I once believed in and voted for, because I felt it had a better handle on business, the foundation of the American economy. Today, they have allowed themselves to be drawn into an unholy blend of Tea Party, ultra-right, fascist, deregulation, anarchy – a mentality that benefits the wealthiest and increases the income gap, while endangering the middle class and the poor.
Sadly, the Democrats have been drawn to the right, and are neither liberal nor neoliberal. They comes closest to neoconservatism, though in truth they are an amalgam of ill-fitting ideas designed – like the Republicans – to gain support from whichever extreme groups can provide the most money, now.
Today’s politicians replace personal morality with a cynical win-at-all-costs drive, having nothing to do with patriotism, family, freedom, America or the American people. Is it any wonder that today’s politicians have the lowest job approval ratings in history? (Just 13 percent of Americans in the latest ABC News/Washington Post poll approve of the way Congress is handling its job, while 84 percent disapprove – its worst rating in poll results since 1974. Sixty-five percent disapprove “strongly,” a vast level of high-intensity criticism. – http://abcnews.go.com/blogs/politics/2012/01/congress-hits-a-new-low-in-approval-obama-opens-election-year-under-50/ )
The above diatribe was provoked by the following article:
Will Romney Regret Immigration Stance?
Seth Mandel, 01.17.2012
What happens when the presumptive GOP nominee is taking fire on immigration from Republican groups, and even a Republican governor who has attracted speculation she might be considered for the vice presidential nomination? The Wall Street Journal reports:
Mitt Romney’s embrace of Kris Kobach, the man behind a spate of laws intended to rid states like Arizona of illegal immigrants, is drawing fire from Hispanic Republicans and immigrant advocates who say the GOP front-runner has damaged his chances of attracting Latino voters in the presidential election.
“Romney committed political suicide when he received Kobach’s endorsement,” said DeeDee Garcia Blase, founder of Somos Republicans, a grassroots Latino Republican group.
Romney has chosen immigration as one area to run to the right of his rivals to shore up his conservative credibility. But as a general-election issue, Romney may have put himself in a box. Romney is not just to the right of Gingrich and Perry on the issue; he’s to the right of every Republican presidential nominee in recent history.
If you support hard-line policies to curb illegal immigration, at some point you have to ask yourself whether your plan really calls for the deportation of 6.4 million adults (out of the 10.2 estimated total) who have been in this country for at least a decade, almost half of whom have children under the age of 18. If the answer is yes, you are left with two follow-up questions: Can this in any way be considered realistic? And presuming you do not accomplish this (for a host of reasons), have you just told 3 million parents in the demographic that accounted for 56 percent of the nation’s population growth in the last decade that your party wants them and their children out?
Here would be an honest speech for any of today’s candidates:
“I deeply and irrevocably always have believed whatever you want me to believe, so long as you have votes and/or money, but I someone comes along with more money and/or votes, and wants me to change my deeply-felt, unchanging convictions, I’ll turn on a dime. Are you for or against abortion? Me, too. Same if you’re for or against tax increases, immigration, religion in schools, divorce, gay marriage, stem cells, Israel, marijuana, food stamps, guns or any other single issue you can name.
Your brain can’t hold two things simultaneously, so I know you’ll vote for just one issue and the most stupid, lying politician you can find.” Hey, that’s me.
We voters have only ourselves to blame, because we have become narrow, one issue dolts. Don’t believe me? Look at the losers who have the gall to run for the most powerful job in the world, the President of the United States of America. There actually are people who have supported these fools, but like the politicians, now have changed their minds.
Watch for Romney to change his position, whatever it may be.
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