The Market Ticker
Commentary on The Capital Markets- Category [Politics]

You knew it would come, right?

The attempt to blame all on.... liberalism.

Of those governments, perhaps the most salient fact to the objective political scientist, tasked with anatomizing the failed system, would be that both governments have long effectively functioned as one-party systems. Baltimore last had a Republican mayor, Theodore M. McKeldin, in 1967. (A wire photograph from April 1966 captured McKeldin, a bear of a man, chatting amiably with Dr. King in Baltimore, two years before the civil rights leader’s assassination in Memphis.) Maryland elected its incumbent Republican governor, Larry Hogan, in November – but that made Hogan only the second GOP governor in the Old Line State since 1969.

Incumbent mayor Stephanie Rawlings-Blake, a Democrat, deals with a city council comprised 100 percent of fellow Democrats. Other important power blocs in the political and civic life of Baltimore are likewise controlled by Democrats, such as educational institutions and public-sector unions.

See, that's easy.  Just blame "one party" rule, as if the Republicans have "better ideas" without demonstrating how their ideas are better or even providing examples of alleged ideas to be implemented.

Nobody, of course, wants to ask the salient question: Exactly how did these cities become one-party political machines?

That, of course, is because if you were to go there you'd expose the soft underbelly of corruption in the political process -- the making of political promises that the maker knows cannot be fulfilled but doesn't care as he or she is buying votes, not results.

In the meantime behind the scenes even more-perverse and outrageous corruption is taking place; the selling of America, literally, to the highest bidder.  And rather than perform its job as a guardian at the gate the press fawns over such people and their espousing of various programs without a single critical examination of the issues at hand or a question being raised.

Let us put reality out there for everyone: No, not everyone is exceptional.  In fact most of us are downright ordinary and even there, if we're in the middle of the bell curve somewhere instead of out on the ends, fully half of us are on the wrong side of it!

The question to ask becomes simply this: What are you going to do about that fact given that we all must somehow manage to find our way in the world?

This is a cancer that we invited into our nation with so-called "free trade" and the exporting of our manufacturing base.  It is the one we refuse to discuss and debate, yet we must.  We instead try to placate and paper over it while at the same time destroying the programs and structures that led individuals in that situation to have productive, happy lives.

We then wring our hands when despair turns to crime and rioting.

Baltimore was a thriving industrial community that produced, among other things, a huge amount of steel.

But Baltimore lost over 100,000 manufacturing jobs by 1995, all due to foreign imports produced under near or actual slave labor conditions with zero regard for environmental impact.  One third of the residents of Baltimore fled the city.  Worse, 90% of the jobs in Baltimore today are low-paying and often part-time service-sector jobs.

Did liberals promote all the so-called "free trade" that led to this manufacturing displacement?  Hardly; that charge is equally leveled against conservatives; that is, Republicans.

At the same time deficit spending, which both political parties consider sacrosanct, has destroyed the ability to accumulate wealth for anyone that is in the lower economic classes.  Adding to this was outright and documented predatory behavior by financial institutions toward city residents, especially black city residents, in the 2000s via subprime lending.

Where is the debate on these topics?  It's missing from the political sphere for a very good reason: To address this you must address facts -- such as the fact that if the "average" IQ is 100 then half of the people will be above and half below; unless you're willing to literally murder the lower half of the population you need a social, employment and political system that provides opportunity for all.  That in turn means you cannot export your lower-wage and lower-ability-required manufacturing jobs to places like Vietnam and China as they must be retained so your citizens have gainful employment available to them.

At the same time you cannot deficit spend because for the person in the lower economic and intellectual quantum there is no defensive move available to them to mitigate the damage done to their financial security by such policies.

Finally, accountability for every dollar spent is far more important when you have few dollars to contribute to government programs in the form of taxation.  In this regard both Democrat and Republicans fail; our current so-called "educational" system is an utter and complete joke when looked at in terms of return-on-investment.

Are you ready to have a debate on these topics yet, America?

Or will you wring your hands and point fingers, as is often the case, at this bogeyman or that while ignoring the elephant in the room -- the intentional destruction of working-class jobs in this nation over the last 40+ years, and our utter refusal to put a stop to the abusive and outrageous "trade policies" that enable it.

View this entry with comments (registration required to post)
 

Well well look what the cat dragged in this morning....

Fox News has obtained a copy of a letter dated Dec. 13, 2012, that was sent from then-House Oversight Committee chair Rep. Darrell Issa, R-Calif., to Cabinet secretaries, including Clinton, inquiring about their email habits. The committee was conducting an investigation into how the Obama administration handled the use of personal email by its officials.

So the Obama administration strategy continues -- ignore letters and inquiries, and even subpoenas (Lois Lerner anyone?) in the hope that it will all blow over.

The reason this is used as a strategy is that it generally will because the Republicans -- and the people -- voluntarily de-balled themselves a decade or two ago and thus instead of drumming those politicians who pull this crap out of office (as happened with Nixon) they instead get away with it.

Now here's the problem for the Democrats: Hillary is running for President.

Here's the next big problem with Hillary claiming that she turned over "all relevant emails" to Congress: If she's lying, and I bet she is, the person she either sent or received such an email to or from almost certainly has a copy too.

It only takes one of those people to be in possession of something particularly juicy that would like to see her lose.  They then wait for the appropriate, soft-underbelly-exposed moment and ram that email right up her chute.

That's going to happen folks -- bet on it -- and it is why the Democrats would be out of their minds to nominate her for President, irrespective of whatever other calculation they're making.

If any such email exists it is flat-out radioactive and the other party to the conversation has it.

PS: If you're one of "those people" don't go in any hottubs or fly in any private planes.  Or, for that matter, don't go walking around Foggy Bottom late at night or you might shoot yourself in the head -- twice.

View this entry with comments (registration required to post)
 

Main Navigation
MUST-READ Selection:
Wake Up America

Full-Text Search & Archives
Archive Access
Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be reproduced or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media or for commercial use.

Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.