Why Do We Have Such Crappy Political Choices?
The Market Ticker ® - Commentary on The Capital Markets
Posted 2012-09-03 08:50
by Karl Denninger
in Politics
Ignore this thread
Why Do We Have Such Crappy Political Choices?
 

It's a time-worn question -- everyone laments the poor quality of choices we have in our national elections.  Politicians are routinely caught lying through their teeth while campaigning, such as Gary Johnson who claims to be a model of fiscal restraint while Governor (when he actually increased state debt by $3.88 billion or 74.7% and increased spending 50% during his time in office), Mitt Romney who claims to be for the Second Amendment (when he actually permanently banned guns that "looked scary" while Governor of Massachusetts) and President Obama (who said he would halve the deficit within four years and instead roughly doubled it.)

And these lies are just representative samples; the list for all of these clowns is as long as your arm.  In fact, it would be better called a "rap sheet", because it is.

This is not a new phenomenon, but one must ask -- why does it keep happening, or more succinctly, "why don't we see a better class of politician"?

I'd like to put forward a hypothesis on this point -- that this dysfunction occurs because of people just like you and I and our actions.  Specifically, it is our willingness to sell not only our votes but more importantly our money and our time to candidates that get caught lying to us that leads to this outcome.

Let's just take one example.  Gary Johnson's claim of fiscal responsibility was known to be a joke long before he was the Libertarian Party nominee.  While he was contending for that nomination it came out that his campaign was ridiculously in debt compared to his cash on hand (disclosed in mandatory public filings) from his failed Republican Presidential run.  A man who cannot manage to run his own campaign on a cash-flow positive basis is certainly a poor choice to run on a platform of fiscal responsibility! 

Governor Johnson could have used his (considerable) personal wealth to extinguish that debt before coming into the Libertarian Party, or he could have attempted to solicit the funds to retire it.  In short, he could have done the responsible thing and been personally responsible for his actions, which is what a leader is expected to do.  He did not.  Instead he came into the party and started soliciting for money from Libertarians.  As of his February 2012 filing he was $140,792.60 in debt and had $10,501.53 in cash, for a total leverage ratio of about 13.4:1

What's worse is that this record of personal fiscal responsibility within his campaign has gotten worse, not better.  Gary Johnson's latest FEC report shows that he is $296,201 in debt (as of July 31st) and has just $14,264.95 on hand in cash, for a total leverage of some 20.7:1. 

That is a 55% increase in debt-to-cash since February -- an utterly monstrous deterioration in fiscal position.

This is a man who claims he will veto any legislation that spends more than we take in via taxes and who will submit a federal budget with a 43% reduction in spending on the first day.  This very same man, however, has demonstrated that he is incapable of running his own campaign in a cash-flow positive fashion and in point of fact is levered at nearly 21:1 in debt-to-cash at the present time.

Then there is the minor little matter of debt and spending in New Mexico while he was Governor.  We've all been led to believe that he actually cut spending and reduced debt and this qualification is one he would carry into federal office.  That's something that's so easy to check that during the selection process I didn't vet it myself, as I would have never believed any candidate would be so audacious as to lie about something that can be verified in this fashion.  But he did; State (not including municipal and local) spending went up 50% during his eight years in office and total state (again, not municipal and local) debt rose by $2,000 per person during the same time period.

One's fiscal responsibility starts with one's personal and professional fiscal conduct, both in the past and present tense. 

So what has been the reaction to my exposing this?  Anger from other Libertarians that "I'm not on board" with "our" candidate.

But I don't endorse, support, give money to or campaign for people who lie to me before they get into office.  You shouldn't either, because the only way these people get onto the ballot and into office is because people just like you and I will campaign for, give money to, support and vote for those who are dishonest.

Let's look at Mittens for a comparison.  He claims to be for The Second Amendment.  But in point of fact he signed a permanent assault-weapons ban in Massachusetts, and worse, he issued a strong signing statement in support of it!  He claims that he was in a "liberal state" but as Governor he could have forced the legislature to override his veto.  He did not.  In short, he has lied to the American people, and as such if you donate money to his campaign, work for his campaign, promote him as a politician or vote for him then you are voting to place into office a man who has proved he will lie to you before he is elected, just as has Governor Johnson.

Obama is even worse.  The most-blatant of his false claims is that related to the deficit.  He claimed he would cut it by 50% in his first term.  Instead it more than doubled.  Case closed.

The usual defense for one of these buffoons is that "we must choose between these choices." 

But how is it, other than by our supporting known and documented liars in the first instance, that we wound up with these choices?  Exactly who do we have to blame when we have a primary and/or other selection process for our candidates where these facts are on the table and many people, myself included, pound the table with them prior to the selection and yet we vote for documented and factually-dishonest people right up front?

Well?

You, of course, are free to vote for, support, work for and donate to anyone you'd like in a political contest.  But I argue that even for alleged officers and principals of various political party elements, whether at the state, local or federal level, providing support to documented liars in this form and fashion is exactly as intelligent as is placing a loaded shotgun into your own mouth and then using your big toe to depress the trigger.

Those who ***** themselves out so cheaply should be removed from office by the people of the parties involved.  They should face incessant recall petitions and no-confidence votes from the bodies that authorize their assembly, whether that be from the rank-and-file political party members, executive committees or otherwise. 

More importantly for you and I, however, is the fact that rewarding intentionally-dishonest political candidates with money, support, campaign help and votes leads to exactly the result we have seen over the last several decades -- a loss of economic and personal freedom across the board.

This result is entirely our own fault, and ends only when our complicity does.

I will not be complicit in the furtherance of destruction of our nation's freedom.

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Bagbalm
Posts: 4321
Incept: 2009-03-19
Green
Just North of Detroit
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I'll go further and say only sick son-of-a-bitches ever climb the political vine to get near any high office.

Do YOU want to be president Karl? You are too sane, and honest.

Only somebody with a warped massive ego complex would scramble and fight to be captain of the Titanic with water halfway to the bridge. They can't save her but by God they can shout down the tube like there is still an engine room and slam the pretty brass levers back and forth for a few minutes.
Blurtman
Posts: 563
Incept: 2009-01-24


Banned
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Good question, Gen. It is instructive to watch the current contest. Folks arguing over whether Coke or Pepsi is the best, when it is pure, spring water we need. It seems impossible for any candidate who is not beholden to the PTB whether the banks, military, pharma, etc. to get elected. Fantastic amounts of money are required. Corporate media can assassinate anyone who opposes the goals of the PTB, so there you go.

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I have a reading comprehension problem and the owner banned me for repeatedly displaying it after being warned.
Jake3463
Posts: 772
Incept: 2010-03-06
Green
Allentown
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Look how much it costs to run a Presidential Election, than look at how much it costs to run a Senate Race, than look how much a congressional race costs, than look at how much a State Rep costs etc.

Why do we have such poor political choices, in order to run for office successfully you have to have a rolodex of dicks you are willing to suck for every penny you can possibly get out of them.

A sane person who wants the best for this country will probably be puking in the corner after one day of doing the dick sucking necessary to finance their campaign. So you are left with the personalities who are willing to sit on the phone begging for money to finance their campaign making promises to donors that they will represent their interest while in office. It is also the way our laws are written the way they are.

It is also why we spend so much time talking about "wedge" issues. Wedge issues are a convenient way for the political class to take all rationality of what they have done or what they won't do out of the conversation. The majority of large donors could give a **** if the gay couple down the street gets married or a woman has an abortion. They are in it for pure financial reasons so being pro-choice/pro-life or pro gay marriage/anti gay marriage won't offend them.

We are literally as a populace resigned to voting on abortion and gay marriage with the present costs to run an election. All other issues are settled in back rooms between candidates/candidates staffs and their donors.

Wearedoomed
Posts: 3610
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Silver
slightly red state
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tl;dr version is awfully close to this:

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Lies, all of it.

Reason: pooched video ID
Ress
Posts: 3
Incept: 2009-09-11

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Jake3463 is exactly right. We have a government of telemarketers. It is completely dispiriting to spend the majority of ones time on the phone begging for money. Few with any character are going to go through this. If you hate it so much you will take the easy way out - make promises you wouldn't make otherwise.

Quality people won't do this. And those few who have managed to avoid the need for whoring themselves out don't have to have real quality because they have no competition.
Vicious_cycle
Posts: 254
Incept: 2009-03-10
Gold
Chardon, OH
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Great ticker, Gen.
I agree with the above responses as well.

I would add that if I could finance a campaign for high office, a statistical 0% of the electorate would take an interest in my proposed policies. Instead they would focus on things like the fact that I haven't set foot in a church since... well, EVER (except for weddings), that I had a DUI in 1989, that I ran with a pack of fairly hardcore bikers in late 80's and early 90's... etc. A few women likely would come out of the woodwork stating that I loved them and left them.

I couldn't put my family through the bull****. My policies would never even enter the debate. My past would steal the spotlight for two days, and then I'd never be heard from again.

Flappingeagle
Posts: 1245
Incept: 2011-04-14

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Quote:
I'd like to put forward a hypothesis on this point -- that this dysfunction occurs because of people just like you and I and our actions. Specifically, it is our willingness to sell not only our votes but more importantly our money and our time to candidates that get caught lying to us that leads to this outcome.
True

Quote:
We are literally as a populace resigned to voting on abortion and gay marriage with the present costs to run an election. All other issues are settled in back rooms between candidates/candidates staffs and their donors.
OUCH but that's true as well.

Quote:
I would add that if I could finance a campaign for high office, a statistical 0% of the electorate would take an interest in my proposed policies. Instead they would focus on things like the fact that I haven't set foot in a church since... well, EVER (except for weddings), that I had a DUI in 1989, that I ran with a pack of fairly hardcore bikers in late 80's and early 90's... etc. A few women likely would come out of the woodwork stating that I loved them and left them.

I couldn't put my family through the bull****. My policies would never even enter the debate. My past would steal the spotlight for two days, and then I'd never be heard from again.
True again.

So the question is, what do we do about it. Where we have been going wrong, IMHO, is two places. First of all, we don't get involved early enough in the process so that we end up with a field of acceptable candidates in the primaries. If you look at the primary field for most elections its full of losers.

Secondly, when a candidate promises and runs on fiscal responsibility then we need to hold their feet to the fire until they either shape up or quit. If that means showing up at every public meeting they have in their state/district and holding up a sign and heckling them well then so be it. We need to apply unrelenting pressure until they shape up or quit.

Flap

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Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
"You can't build a house of cards on a shaking table." - Tony Johns
The January 2015 AMZN put at $130 (cost $4.25) will be a winner.
Debtpie
Posts: 534
Incept: 2009-12-17

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Quote:
This is a man...who will submit a federal budget with a 43% reduction in spending on the first day.


Does he, or anyone, bother to explain how he will deal with the ramifications of such an action? We would be talking 30%+ unemployment in short order..and that atomic spending cut wave would ripple across the planet...what he's promising is an instant global economic, political, and social catastrophe.

Wonder why he get's 1%....I would never vote for someone promising that.

We need (actually needed years ago) a glide path to a balanced budget (better if we had never deficit spent, I know; but we are where we are)...and as it's been pointed out...the longer we wait the shorter that runway gets...eventually we're going to get what Gary promised; except we will not have voted for it..

~~~~~~~~~~~~~~~

Quote:
The usual defense for one of these buffoons is that "we must choose between these choices."


I'm not a history major; but I can't recall a society where "buffoons" didn't end up in charge of all the bigger "buffoons".

The core of the problem is the natural human condition; the majority want the easy path..and anyone promising to provide it will get the votes...leaving the rest of us with "we must choose between these choices."

For me, I will vote for the lesser of evils today; and work for better choices tomorrow.


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A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there.

Genesis
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Debt, if you read my previous Ticker on this subject you'll see that I laid forth a path on which that reduction in spending could be sold.

The reason he's polling 1% is that he didn't do that. He didn't have to take my specific advice on how to sell it, but he DID need to find a way to sell it, and he hasn't.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Atlasrocked
Posts: 383
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I agree Karl it is a citizen problem, not a politician problem.
Winstonsmith2009
Posts: 1061
Incept: 2009-08-05

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"why does it keep happening, or more succinctly, 'why don't we see a better class of politician'?"

Simple:

1. A mostly ignorant, heavily propagandized citizenry apparently incapable of critical thought that doesn't demand them
2. A corrupted political process where money is everything and is in effect legalized bribery which produces the sort of pols that it does

How is that not painfully obvious? Until at least one of those problems is fixed, the LP and other third parties are twisting in the wind. Forever. And neither will be fixed. The citizenry isn't going to become an informed, thinking group. Our mass media, culture and educational system doesn't produce those and from what I see, other countries don't do much better, at least in the political realm.

The billions of dollars worth of propaganda isn't going to stop because there are trillions of taxpayer dollars at stake. And until a Constitutional amendment is passed that makes it clear that all references to "people" or "persons" in the Constitution are references to NATURAL people or persons and NOT artificial persons like corporations, that elections will be publicly funded, and that candidate coverage and debates will include all candidates equally, nothing will change. Third parties are completely screwed unless some billionaire runs for office under a third party flag.

It's a chicken and egg problem. You can't overcome the grip of the two established political gangs without fixing either #1 or #2 and those established political gangs along with the corporate, for-profit, "tell them what they want to hear to obtain a market share" mass media, and the ignorant, propagandized citizenry that can be easily herded like sheep, whose ignorance can be seen in the THOUSANDS of rabidly partisan comments made on political topics on sites like Yahoo News and NBC News (formerly MSNBC.com) will prevent you from fixing either. Period.
Natew
Posts: 66
Incept: 2009-12-16

IN
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Not that I'm voting for Romney, I will write in Bill still - but I think his history on gun control is being tarnished a bit more than it should be. Is he pro-2nd, I don't think so, but he isn't nearly as anti as many people would lead you to believe.

Most notably it was in 1998 that the MA Assault weapons ban was put into place, with no sunset clause. From all of my research, which I'll admit isn't very indepth, he resigned it to include new provisions lessening the burden on gun owners in MA. So while stating that he signed it into law is false, it already was law. Stating that 'he signed' it, is true, but misleading...

http://www.goal.org/newspages/romney.htm....
http://www.goal.org/Documents/law_faq_pd....
Winstonsmith2009
Posts: 1061
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"For me, I will vote for the lesser of evils today; and work for better choices tomorrow."

Good luck with that. It took the _mass_ protests of the civil rights and anti-war movements to affect change in the 60s. See any of that now? OWS was, unfortunately, neutered. Until I see mass uprisings, its status quo all the way.
Debtpie
Posts: 534
Incept: 2009-12-17

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Quote:
Debt, if you read my previous Ticker on this subject you'll see that I laid forth a path on which that reduction in spending could be sold.


Nice work; would love to see someone run with it.

But..it would take someone running as a true populist to get it done. Only the power of the people focused through the president could overcome those in charge of the current system.

Ironically...that's what Obama 1.0 originally sold himself as...remember with health care he said:

"Our new American majority can end the outrage of unaffordable, unavailable health care in our time. We can bring doctors and patients; workers and businesses, Democrats and Republicans together; and we can tell the drug and insurance industry that while they get a seat at the table, they don't get to buy every chair. Not this time. Not now.".

So much for that....they didn't just buy the chairs, they bought the whole house.

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A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there.
Fitz22
Posts: 190
Incept: 2008-12-05

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- We allow fait "laws" instead of mutually agreed contracts.

- When a politician promises something, we don't insist -- don't even ask -- to hear, "Or what is the consequence for non performance". "I will do xyz in 1 year, or else the local charities of xyz(s) will evenly split my performance bond of $5,000,000."

- We don't control our own money supply.

- "Taxes" are not collected at the local level point of sale only and spent locally or just one level up. So in order for feds to get money they would have to contract with the states; in order for states to get money they need to contract with counties, etc.
http://marketcuriosity.wordpress.com/201....
Lowbeyond
Posts: 17102
Incept: 2008-02-11
Green A True American Patriot!
CO aka West NJ/East CA
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People like to hear what they believe from an oh-so-important person, so they vote for X

people like to have the State point guns at their neighbor to enforce their own personal preferences, so they vote for X

People like to steal their neighbors property but are too much of a pussy to do it themselves, so they vote for X

Given those three, we don't have crappy political choices, we have what people _want_


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Maybe it was a birdy bread-bomber from the future?!
Crzymorse
Posts: 1226
Incept: 2010-06-25

Maryland
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But Johnson brought gravitas to the libertarian party (snark). Krugman surprisingly had a good blog post on Romney and Ryan, pointing out they are going to raise defense spending, not cut medicare, cut taxes and somehow balance the budget (Pass the bong). Look for the wannabe academic left wing media and Obama to point out of the obvious in the coming debates. Ryan and Romney set themselves up to look like pandering fools. The platform is an indefensible fools errand meant to garner votes and not actually be scrutinized.

To bad the Republician party can't break up the TBTF banks, add some free market reforms to Medicare especially around generic medicines and eliminate some programs within Medicare (rental medicial equipment, transportation) and leave afghanistan (a reversal of Obamas plan).



Susanjbear
Posts: 419
Incept: 2010-06-10
Gold
Salt Lake City, Utah
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Our politicians are very much a reflection of the people who elected them.

http://www.youtube.com/watch?v=xIraCchPD....

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Susan
Throxxofvron
Posts: 10448
Incept: 2009-02-17
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Hyper-Speculative Psycho-Facsistic Parabolic Blow-Off
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Question: How do You 'sell' Brutal Austerity to a People that haven't exorcised any form of restraint for their entire lives?

You don't.
You can't.
You won't.

People will not pay You to cut their 'services' and send Bill Collectors and Repo Men to take their property in order to pay for Other People's previous indolence.

A Republic of limited Franchise and limited Government may offer some modicum of economic and political stability; but, it should be becoming quite obvious to those paying attention to the situation that the half-assed neo-socialist fantasy called Democracy is a deeply flawed and unstable economic and social model doomed to failure and collapse.


Johnson Gobbler either doesn't get it or doesn't give a ****.
Frankly, I am 100% convinced that Johnson is just another ******* Who wants that magical pairing of CONTROL and IMMUNITY FROM RESPONSIBILITY.

Merkel might get it; but, does She really give a ****? -WHO KNOWS? -I can't decide:

Quote:
*MERKEL SAYS `DEBT MEANS DEPENDENCY'
*MERKEL SAYS EU MUST ENSURE THAT IT FIRST EARNS WHAT IT SPENDS
*MERKEL SAYS `ECONOMY THERE FOR PEOPLE, NOT PEOPLE FOR ECONOMY'
*MERKEL SAYS EUROPE HAS TO LEARN TO ONLY SPEND WHAT IT TAKES IN
*MERKEL SAYS TOO MANY IN EUROPE HAVE LIVED BEYOND THEIR MEANS
*MERKEL 'ABSOLUTELY CONFIDENCE' ECB TO WORK WITHIN ITS MANDATE


IF I am gonna pay I want to have 100% control of whatever the **** it is I am paying for.
IF I am paying for You then You are in effect MY Employee ( MY Bitch if You wish to get ghetto about it ).
Otherwise I should be able to walk away from You and your 'needs', 'problems' , whatever...

Responsibility logically implies CONTROL doesn't it?
Control logically implies RESPONSIBILITY doesn't it?

WELL? -WTF.

Charity is not activated by the muzzle of a gun, dammit.
GO to the Bar and READ what I had to say about Charity; -I meant it.
'Dependents' are just that; and They should NOT be making decisions about spending as they are dependent upon Others to fund their standard of living/needs/whatever...

Don't want to be MY Dependent? -MY Employee? -Oh nooooes! MY Bitch!
Ok. -Then BE INDEPENDENT.

Take Responsibility for YOURSELF and You can just tell Me to **** off all day every day.

Pay your own way and have your own say.

'Democracy' implies that You are capable of making your own decisions.
Well, guess what: IF You cannot be Responsible for Yourself You ARE NOT capable of making your own decisions.

People naturally want CONTROL OVER whatever They have Responsibility FOR -OR They DO NOT WANT Responsibility.

Give Me Responsibility AND Control OR give Me NO Responsibility AND NO Control.

^^^ CHOOSE ONE ^^^

It is YOUR Choice to cede control and become a Dependent or NOT.

It is a really really simple choice.

Presently OVER HALF of the Populace of the United States is dependent in whole or part on Other People.

IMHO, these People have little right to exorcise decision making as they are simply not responsible People and cannot be expected to act responsibly.

In Capitalism the People responsible for paying control the Choices.
-THAT is what a Market IS.

Liberty is Self Responsibility: CONTROL.

People cannot be Free if They exist in a state of dependency; and this arrangement does NOT and CANNOT exist ONLY by choice of the Hosts.
-It is FIRST the choice of the Dependents to BE dependent, to cede responsibility for Themselves to Others.
-THEN the Hosts -FREE Persons in CONTROL having been ceded Responsibility for Others- are in the position of being forced to contrive as amenable a relationship as they can afford to without ENSLAVING THEMSELVES to the dependent.

Improper use of political franchise -to gain dependency without ceding control- are effectively acts of political violence and repudiation of the social contract and the core concepts of Liberty and Democracy and Free Markets.

-This is why People feel 'uncharitable'; the abuse of the franchise is unjust, and Dependents committing such acts are not deserving of support by those Hosts that have the support to extend to Them...

Politically camouflaged violence is an unjust means of gaining dependency without ceding responsibility.

IF I appear to be 'uncharitable' it is because those Who claim necessary dependency are committing violence against Me to rob Me of Control over My giving.

Choose what You will have: control or dependency.

IF You choose dependency I should naturally be the party to determine the extent of My responsibility and to control the decisions as to how You shall be provided for.

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DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell

Quads4444
Posts: 1637
Incept: 2007-11-09
Green
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I would make a distinction between politicians "over" promising what they will or intend to do in the future (IE cut the deficit in half) and outright lies.

Declaring an intention to do something in the future but failing to deliver on said promise is not necessarily a lie. It may indeed have been one's intention to cut the deficit in half but circumstances and other forces prevented it from happening. Whether it is a lie or not hinges on his true intentions when he made the statement, which are unknown.

On the other hand if you state that you ran a marathon in under 3 hours but in fact it was 4 hours, that is clearly an outright lie.
Crzymorse
Posts: 1226
Incept: 2010-06-25

Maryland
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Quads444,

Or if your wife publicly states her husband is from Kenya when he's really not, isn't that a lie too.
Mortgageguymn
Posts: 1582
Incept: 2009-03-09
Green
North Coast
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I'm pretty sure Michelle was telling the truth.
Quads4444
Posts: 1637
Incept: 2007-11-09
Green
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Crzymorse, yes, that is a clear lie.

Every four years politician of all strips make promises they will not or can not fulfill. They all claim that they will balance the budget in (X) years, bring back prosperity, create a zillion jobs. Same old promises every four years.
Vernonb
Posts: 430
Incept: 2009-06-03
Gold
East of Sheol
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Restlessness is discontent — and discontent is the first necessity of progress. Show me a thoroughly satisfied man — and I will show you a failure. -Edison

I laugh when my family asks me who I plan to vote for President. I tell them -as it stands-no one. I then get all the rabble and hysteria about how I have to vote AGAINST Obama as some type of alternative.

Death by a thousand cuts or a quick end - its still death of a nation. At least discontent will eventually bring a new nation but be prepared to fight the new wave of tyrants in its interim.

The American people today have no concept of what was thrown away and abandoned in 1776. It has been a progression of lawlessness and social dependency. Many will never learn till they get a taste of ultimate tyranny. Some will never learn.


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"The welfare of the people in particular has always been the alibi of tyrants, and it provides the further advantage of giving the servants of tyranny a good conscience.”
-Alber Camus (1913-1960)
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