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Showing posts with the label income

Political Stupidity

Political stupidity is suffered by all parties.  It is disappointing the quality of political leaders has declined to such low levels.  We have many leaders pursuing ideology, or money, or power, or all.  At least they know what they want.  USA political plans and results. The vector forward.  A. Goals. Team A. Redistribution of wealth. Team B. Creation of new wealth. B. Action plans for Teams A & B. Spend more money than you take in by borrowing. C. Results for all. Redistribution of not much and collective bankruptcy. Yes, we will all go bankrupt together.   Unless… Our only hope is that the ultra-rich Chinese, Arab, and other foreign bankers, now owning about 30% of our debt, will not allow us to perish. Yes, we are becoming too big to fail . This could be.   Even today, economists are teaching this to our college students - precisely that the national debt will never NEED to be paid off and is thus not a worry.   Factoids: Current deb

Trump is wrong

Trump is wrong.   In his Detroit message, he offered to the American people more jobs and more wealth to all, yes all. He believes, as do the Republicans, that such a promise will gain votes and hopefully adoration of the potential voter. Moreover, it will attract to the ballot box their endorsement of his offer.   This is his promise, and I believe it is sincere.   It is possible, though it would be difficult to achieve. The promise should be a winner!   So they think.   This was the pitch of all the Republican candidates of this cycle and last; it was the promise and pledge of Romney.   Trump discussed the TPP at length*.    How can Trump be wrong?   Those millions of people out of the workforce and the smaller number listed as unemployed (current 4.9% unemployment rate) have no belief anything will happen in their favor.   This includes even those who believe he is sincere.   However, there is another mechanism at foot. It is the notion of equity.   Those who are downtrodde