Monday May 28, 2012

Obama overtakes Clinton in superdelegates

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  • 0

    RomeoRamenII

    The whole democrat selection process thing has taken on a cartoonish quality. Road Runner drops a safe on the head of Wyle E. Coyote so our intrepid hero orders a "special" machine from The Acme Safe Company, only to find out it contains a safe that subsequently falls on his head.

    As children we laughed, as adults we can watch Mr. McCain take the Presidential oath of office.

    RR

  • 0

    SushiSake3

    Obama overtakes Clinton in superdelegates - Destiny is now coming into play.

    What I just don't get, which is something that has been only too clear on JT, is why the Republican supporters over the past few months have gone all out to attack Obama or Hillary, but they haven't actually come out and voiced their support for John McCain.

    There has been a suspicious absence of praise or support from the Republicans for their own candidate about his health care plan (does he have one?), his strategy for Iraq (more of the same failed policies), his economic plan (which has been ridiculed), or anything much else (& let's not even mention how many times Sen. McCain has voted with Democrats or supported their issues..)

    I'm guessing that through their silence, the Republicans really don't even support their own man.

    Case in point: I really don't think even RomeoRamenII above seriously supports Sen. McCain, considering RomeoRamenII was backing another candidate only a few short months ago.

    Looks like the Republicans are once again proving how adept they are at being on the wrong side of history, not to mention how successful they are at being totally out of step with the wishes of their own people.

    Something else that is very telling - it's interesting how more that 10 Democratic Superdelegates have switched from Hillary to Obama, but not one has gone the other way.

  • 0

    SushiSake3

    What's also telling is that while the subject of this thread is Obama overtaking Clinton in superdelegates, RomeoRamenII - a supporter of Sen. McCain - is talking about Wyle E. Coyote...

  • 0

    Sarge

    Sushi - Many conservatives are indeed lukewarm about McCain. But he's a far better presidential choice than either Clinton or Obama.

    I hear Obama's "universal" health care plan doesn't include adults.

    RR - "The whole Democrat selection process has taken on a cartoonish quality"

    One chilly night in upstate New York:

    TV reporter: Barack Obama is now so far ahead in the delegate count, it's virtually impossible for Hillary to catch up to him.

    Hillary ( watching on TV ): God help me, I'm doomed!

    Super Delegate ( in the disguise of Bill Clnton )( silently ): Not if I can help it! ( aloud ): Excuse me dear, er, I have some important work to do!

    Hillary: Going to McDonald's for a jumbo bag of Big Macs is not "important work!"

    Super Delegate ( silently ): What a bitch! And yet I must help her!

    And so, in the solitutude of his private study -

    Super Delegate: That fiend Obama must be stopped! This is a job for... Super Delegate! ( takes off his shirt revealing his Super Delegate costume and cape )

    In our nation's capital, an Obama campaign rally is just getting started -

    Obama: The people have spoken! We're on our way to the Democratic presidential nomination!

    Super Delegate ( dropping in from the sky ): Not so fast, O!

    Obama: S-Super Delegate! What are you doing here?

    Super Delegate: I'm here to stop this miscarriage of destiny!

    To be continued...

  • 0

    nucular

    Still looks to me like a race that a year ago the Republicans could have only wished for - the "legacy" of Bill Clinton is being slowly and mercilessly destroyed, the Democrat party is splintering, and they will most likely nominate another Jimmy Carter who will be revealed as little more than a product of the Chicago political "Machine."

    Great piece in The Progressive by an African American writer and professor who lives in Obama's district and has watched his career from the start -

    "Obama No"

    http://www.progressive.org/mag_reed0508

  • 0

    SushiSake3

    Sarge - "I hear Obama's "universal" health care plan doesn't include adults."

    I hear that - in the midst of a recession, bankruptcies, home foreclosures, etc. - McCain wants to leave the fate of the U.S. economy up to 'market forces.'

    The Republican candidate effectively doesn't have a plan for the U.S. economy, which as anyone with any knowledge about economics will know - will have a massive knock-on effect on the global economy, which is far, far more important than health insurance or the Iraq war.

    I think it's called Priorities, something that Sen. McCain sadly has little idea of.

  • 0

    SushiSake3

    nucular - "Still looks to me like a race that a year ago the Republicans could have only wished for - the "legacy" of Bill Clinton is being slowly and mercilessly destroyed."

    Heh, that's cute tough talk on the eve of Beginning of The End of the Republican Party :-)

    It's funny how while the U.S. economy stews into recession, Sen. McCain is still talking about "fighting the terrorists" in Iraq, which at $15-20 billion a month, is pulling down the U.S. economy, and has led the Bush Administration to reward Chinese manufacturers via Wal Mart by handing out $168 billion of borrowed cash to Americans, further endangering the U.S.' balance of payments.

    Clever! (if you know nothing about simple economics).

  • 0

    Sarge

    Sushi - What do you think about a "universal" health care plan that doesn't include adults?

    Super Delegate continued...

    Obama: I'm afraid you're tooo late to stop me!

    Super Delegate: Oh really? You need 2,170 delegates to lock up the nomination and you're still short!

    Obama ( silently ): Curses! It's true! Without the support of him and his sinister cohorts I'm as much of a loser as that pipsqueak Kucinich! ( aloud ): But I've won twice as many states as Hillary!

    Super Delegate: So?

    Obama: And I've won the popular vote!

    Super Delegate: Meaningless! Ask Al Gore!

    Obama: But it's not fair! Just one super delegate vote is worth over 20,000 ordinary votes!

    Super Delegate: Of course! We're the elite!

    To be continued...

  • 0

    nucular

    sushisake3 : "It's funny how while the U.S. economy stews into recession..."

    I'd be interested to know where you get your information from.

    Is that the picture of our economy reporters are ordered to give readers up in Canada?

    The US economy grew last quarter. Granted, it was an anemic 0.6 percent but there is no evidence of back to back quarters showing negative growth, the classical definition of a recession.

  • 0

    Everton2

    Sarge- stop distorting the health care policy of the Democrats. Every Western democracy has managed to develop an affordable and fairer system than America that covers all their citizens. A total free market system is incapable of providing affordable health care for all. It takes a mixture of both with Governments playing an active role in the process. What America has now is just a fast with people working three jobs and still can't afford coverage.

  • 0

    nucular

    "Every Western democracy has managed to develop an affordable and fairer system than America that covers all their citizens. "

    And many of them are failing systems. Britain's National Health is one example.

    "What America has now is just a fast with people working three jobs and still can't afford coverage."

    Three jobs?

    Most of these people you imagine have cars, i-pods, flat screen TV's...

    Many of the uninsured in the States are that way by choice, particularly while in their 20's and 30's.

    I was.

  • 0

    Helter_Skelter

    Every Western democracy has managed to develop an affordable and fairer system than America that covers all their citizens

    TRANSLATION: all their citizens receive mediocre health care equally.

    Anyway, Mitt Romney proposed the most sensible health care plan I've heard. Hope McCain picks him for his VP.

  • 0

    realist

    "Clinton has 271.5 super delegates?" What the heck is half a delegate? Which half? Upper or lower? What nonsense! Either way, its 271.5 super delegates too many for Hillary. Obama for President!

  • 0

    Everton2

    nucular- I suggest you know little about the system I am talking about. You have singled out the British system for your attack even though it is working much better than what they have in America. There are no millions of Brits with no access to health care or its too expensive to access.

    What about Australia, Sweden, Denmark, Germany, New Zealand and so forth, Why don't we focus on the ones that we know are working.

    In Australia if you are sick and unemployed or working with no insurance you are able to have open heart surgery with no cost to you. In America this procedure would have the potential to bankrupt even a person with the most expensive health care cover let alone the poor who would simply have no access to it. I know what I a talking about the American system is incredibly expensive beyond the reach of the average person.

    Wake up and join reality, they are nearly 50 million Americans in a situation where if they are unlucky enough to get sick it is unlikely that they will be cared for. With a minimum wage of around 5 dollars an hour in America, you do the math, see how much health insurance you could buy on that kind of income.

  • 0

    mosc1

    Surge,

    McCaine has not economic judgment. In the Republican primaries Ron Paul made the man to look like an economic idiot. America, she's heading for economic hard times. The dollar is crashing - big time. The baby boomers have almost reached retirement; that coupled with the intitlement programs of social security and medicare - America in that alone faces a National debt of over 75 trillion dollars. It takes approximately a trillion dollars to make a stack of 1 dollar bills reach the moon!

    And to this, McCaine's a hawk in terms of his vision of deploying US troops abroad. Paul's criticism of this vision, he said America faced finiacial bankrupcy; that the policemen of the world, the American empire, had to close its military bases abroad because the home populations could no longer afford to finance these foreign adventures.
    The Cold War's over the USSR has fallen, its time to return to the American tradition of bringing the boys home.

    Surge, how can you have any praise for an immoral man! McCaine cheated on his wife, who says he want cheat the American people?! McCaine does not regret his error concerning his wife, the man has no shame. Do you honestly think such an emotionally disturb, or at least an emotionally undevelop old man to run the United States at a time of an approaching economic crisis that approaches the Great Depression?

  • 0

    RomeoRamenII

    Barry has an inability to see that his "pastor" preaches racism and hostlity instead of God's love on Sunday. He's ashamed that he's half white, and he says he'll side with the Muslims should the balloon go up. He's also still wearing his freshman senator's diaper.

    hillary has been invoved in a lot of shady dealings over the years in which people involved ironically died afterward. She is also an habitual liar.

    Mr. McCain was a POW and he's been in the U.S. Senate longer than hillary and the empty suit combined.

    My vote will go to Mr. McCain.

    RR

  • 0

    nucular

    Everton : "Wake up and join reality, they are nearly 50 million Americans in a situation where if they are unlucky enough to get sick it is unlikely that they will be cared for."

    50 million? Why not go with a nice round 100 million?

    Clearly, accuracy doesn't matter in your caricature of America where we all hold down 3 jobs paying $5/hr.

    "I know what I a talking about the American system is incredibly expensive beyond the reach of the average person."

    I have worked in American hospitals and have relatives who still do.

    You'd be surprised at the number of Canadians who seek medical care in America or, as is now standard practice, are sent by their government to US hospitals because Canadian ones lack adequate facilities to handle certain procedures, particularly in neonatal care.

    http://www.theglobeandmail.com/servlet/Page/document/v5/content/subscribe?userURL=http://www.theglobeandmail.com%2Fservlet%2Fstory%2FRTGAM.20070724.pregnant24%2FBNStory%2FspecialScienceandHealth%2Fhome&ord=133024664&brand=theglobeandmail&forcelogin=true

    You don't know what you're talking about.

  • 0

    nucular

    It's becoming clear that Barry's wife is the one who wears the pants -

    http://www.realclearpolitics.com/articles/2008/05/michellevetoeshillary.html

    This will only add to his appeal among Left-leaning males.

  • 0

    RomeoRamenII

    "considering RomeoRamenII was backing another candidate only a few short months ago."

    True dat, Sake 2/3. The guy I was supporting dropped out of the race. Of course, at the old site you were hyping hillary until the CBC and Lord Soros told you to think otherwise.

    I readily admit that Mr. McCain is too liberal for my tastes. But given what the democrats are offering up - an empty suit who receives financial support from unrepentent terrorists and freely admits he'll kow-tow to Mullahs or a Clinton Renuion Tour -- I'll cast my ballot for Mr. McCain.

    RR

  • 0

    nucular

    Is this oft-repeated, silly attempt at mockery which goes 'McCain is not the one Repubs really want' supposed to be proof that we are looking at a scenario which says victory in the presidential election is automatically guaranteed to the eventual Democrat nominee?

    What people like sushisake3 don't seem to realize is that this meme also obviously includes the recognition that John McCain is not George Bush, a perception I think most Republicans are relieved will be widespread by November.

    It's the independents who will most likely decide things in this election.

  • 0

    Sarge

    Super Delegate continued...

    Super Delegate: And remember, super delegates have super powers! We can steal elections and undermine democracy! So whaddya say, O, how'd you like to be Hillary's veep?

    Obama: No-- I mean, I don't know -- suddenly feeling gasp weak!

    Later that night in upstate New York -

    TV reporter: This just in! Due to his lack of super delegate support, Barack Obama is withdrawing from the presidential race!

    Hillary: What a relief! I was starting to lose my sense of entitlement!

    Super Delegate ( back in the disguise of Bill Clinton, munching on Big Macs ): That's great, honey! :burp!*

    Hillary: And as usual, you missed all the action again! You could at least show a little more interest in me than you do in stuffing your face!

    Super Delegate ( winking ): Er, sorry dear! I'll try to be more supportive next time!

  • 0

    smithinjapan

    RRII: Whatever happened to RR the original? You get the boot like most of your comrades?

    "Mr. McCain was a POW and he's been in the U.S. Senate longer than hillary and the empty suit combined. My vote will go to Mr. McCain."

    Funny... you have been supporting Bush who not only avoiding being involved in the military except getting wasted in training, and used to diss a man who actually fought in the war and knew about it. Now that it's a Repub. that is a vet, though, you go 180 degrees in your support. You've also stood behind Cheney in many of your posts.... where did he fight? Oh geez.... there I go again.... he also drafted the dodge four times.

    Sarge: Take a script-writing course because your writing is not only lacking in economy (You'd understand that if you knew anything about writing), but it is utterly devoid of any believable lines.

    It's a shame Hillary seems on the brink of losing it; I was hoping the US could finally step up and let a woman be president instead of the usual dim-wit old men with nothing on their minds but war and profits, and no concern at all for social services and welfare (let alone health care). But oh well... Hopefully Obama sees his promises of 'change' through when he's president.

  • 0

    RomeoRamenII

    hillary's won Ohio, Texas, Pennsylvania and Indiana while Barry won North Carolina because of the large black voter turnout. Barry's already said that hillary's going to win West Virginia and Kentucky, yet Lord Soros insists she get out of the race.

    Since late February, when was the last time Barry carried a key state with mostly white people in it?

    RR

  • 0

    Everton2

    Nucular - you are absolutely amazing, no one is questioning the quality of care in American hospitals or how Canadians are coming across seeking care and all that spin. Man it is the cost that is at issue, the fact that it is beyond a substantial amount of ordinary Americans. It is widely known that the number of uninsured is well beyond 40 million, and you know it! The idea that they are uninsured because they opted to buy a big screen TV is just hog wash!

  • 0

    nucular

    "It is widely known that the number of uninsured is well beyond 40 million, and you know it! "

    20 million of them illegal aliens.

    Here is a look at some of the others -

    http://www.freemarketcure.com/uninsuredinamerica.php

  • 0

    mosc1

    RomeoRamenII at 04:58 PM JST - 11th May

    "considering RomeoRamenII was backing another candidate only a few short months ago."

    True dat, Sake 2/3. The guy I was supporting dropped out of the race. Of course, at the old site you were hyping hillary until the CBC and Lord Soros told you to think otherwise.

    I readily admit that Mr. McCain is too liberal for my tastes. But given what the democrats are offering up - an empty suit who receives financial support from unrepentent terrorists and freely admits he'll kow-tow to Mullahs or a Clinton Renuion Tour -- I'll cast my ballot for Mr. McCain.

    America is confronting an economic crisis as larger possibly larger than the Great Depression! The direction that made America both free and great, American Presidents for the last 100 years have abandoned. McCaine promises to maintain the current status quo. People of America if you elect this man Potus your in for a very bitter disappointment. If you know this now why for goodness sakes cry later?! The conservative party ain't conservative any more! By throwing the Republicans into the political wilderness, the neoCons who follow the socialism of FDR and the democrats can be "purged" from the Party. (To use the language of Stalin!). Free enterprise, free banking as opposed to Centralized economic planning coming from Washington, free press as opposed to a limited Corporate press, terminating the Federal Reserve/Central Bank of the US, returning to the political direction of following the Declaration of Independance from europe ... breaking the NATO alliance getting out of the UN, these are true conservative values that the weeds of socialism in America have almost choked to death within the hearts and souls of the American people.

  • 0

    Sarge

    Smith - Lacking in economy? How so? Anyway, if you didn't find that humorous, you have no sense of humor. Everyone else I sent that to thinks it's a riot. And if the majority of Americans have a brain fart big enough to elect Obama president, he's going to be able to deliver on few, if any, of his promises.

  • 0

    SushiSake3

    RomeoRamen - "My vote will go to Mr. McCain."

    A vote for McCain is a vote for the terrorists.

    Time to get with the program before it's too late.

    nuclear - "What people like sushisake3 don't seem to realize is that this meme also obviously includes the recognition that John McCain is not George Bush, a perception I think most Republicans are relieved will be widespread by November."

    ha ha!

    McCain wants more of the same George Bush war. McCain wants to pursue policies that will drive America further into bankruptcy.

    A vote for McCain is a vote for the terrorists.

    A vor

  • 0

    RomeoRamenII

    Obama is just 161.5 delegates shy of the 2,025 needed to secure the Democratic nomination.

    Barry is taking advantage of the disenfranchisement of Michigan and Florida.

    That number, 2025, is only a majority of the delegates if you presume that no delegates are seated from FLA and MI. None. Not one. Barry has to get off his ass and agree to seat the FLA and MI delegations according to the primary results (with the uncommitted votes in MI going to a bona fide uncommitted slate), or at the very least, he has to agree that he needs 2209 votes to clinch the nomination.

    What The Great Unifier is doing now is using the exclusion of MI and FLA to his advantage by lowering the number of delegates he needs to be nominated.

    Heh ... Senator "I'm all about change" is showing his true colors: That of an old school Chicago pol. Time's running out for him to build a real coalition, not a faux unity/personality cult masquerading as a political movement.

    RR

  • 0

    change

    Some one help me understand RR and Sarge, by far the largest contributers on this topic. Why is it that these two so much think John Bush.,sorry..John McCaine, is convincingly going to win come in November yet they are so much scared of Obama and they are advising dems to vote for Hillary?

  • 0

    SushiSake3

    RomeoRamen - "Since late February, when was the last time Barry carried a key state with mostly white people in it?"

    Here we have why Romeo and his type are going to get booted in November.

    Romeo and his ilk think black votes are worth 'less' than white votes.

    This isn't 1950 - this is 2008.

    Get with the program before it's too loate, oh, sorry, it is too late.

  • 0

    SushiSake3

    Only people who have zero awareness in basic economics and who think money grows on trees will vote McCain this time round.

    McCain does not have a credible economic plan (he's only keen to leave the fates of 300 million Americans up to 'market forces').

    McCain is a man - a Panama-born divorcee, I might add - who thinks 'fighting the terrorists' is more important than fighting for ordinary Americans.

    Vote McCain and for all the good you are doing you might as well pack your bags and leave America.

  • 0

    SuperLib

    I read these threads purely for entertainment nowadays. :)

  • 0

    RomeoRamenII

    Barry won the white vote before those white voters knew anything about racist "Rev." Wright, and hs ties to terrorist bombers Ayers, Dorhn. Also, let's not forget the bitter people who cling to God and guns and are racists; or in Barry-o-vision, typical white people.

    RR

  • 0

    mosc1

    SushiSake3 McCaine represents only a specific to the general. The entire Republican Party has lost its Conservative bearings! The Democrats for the last 100 years have increasing favored socialism and big government. Now the Conservatives think that big government qualifies as an American "tradition"! Its time to throw the carpet-baggers out. The Republican Party needs to go the way of the old Whig party they replaced! If the Republicans can elect a President then the Neo Conservatives shall continue orbiting Conservatism around a socialist planet.

  • 0

    RomeoRamenII

    Barry's problem isn't that he doesn't appeal to white voters, it's that the only people he does appeal to are African-Americans, out of legitimate racial pride, and affluent white liberals and students, for related but less coherent reasons.

    If the empty suit was the same guy with the same paper thin resume and the same lofty, empty rhetoric but was white, he would not be getting the votes he does have. In fact, he would not now even be in the race.

    RR

  • 0

    Sarge

    To the Democrats - You should have gone with Richardson or Kucinich. Now you're stuck with either Obama or Clinton, neither of who can beat McCain.

    "A vote for McCain is a vote for the terrorists."

    That's nonsense.

  • 0

    nucular

    "Obama overtakes Clinton in superdelegates"

    She's melting! She's melting!

    High-ranking Dems starting to sound like Rush Limbaugh, airing their fears and concerns on CNN -

    Paul Begala - The Democratic Party can't win with just 'eggheads and African-Americans.'

    http://www.youtube.com/watch?v=bM6GEx3ai88

  • 0

    adaydream

    Don't you just love it?

    We're down to the last three of weeks of the primaries and still such respect from the candidates toward each other.

    This hasn't been the party splitting event predicted by the republicans and it may prove to be the strongest democratic party in decades.

    And we have no one other than george bush to thank for this.

  • 0

    Betzee

    America is confronting an economic crisis as larger possibly larger than the Great Depression!

    Indeed, but it is not understood through references to the usual suspects, like socialism. The free market run amok is largely responsible for our current economic woes. If you study the pre-1980s business cycle and what was viewed as good versus bad indicators it's very different than the post-industrial model which has prevailed since.

    For this reason Democrats have not found much traction in emphasizing wage stagnation. While the phenonenom is real, cheap inports enabled people to buy more. Many Americans have more in their possession, though much of it may have been purchased on credit, than at any time in the past. Trade deficits, viewed with alarm in the past, have been seen in our post-industrial landscape as good for this reason; they keep wages and inflation low.

    Trade policy has also played encouraged American corporations to relocate production overseas and shift to global sourcing (the Wal-Mart model), which not incidentally frees them from having to provide health insurance to an aging American workforce. This change was facilitated by the export-led growth policy adopted by China, after witnessing its success first in Japan and then South Korea and Taiwan. In effect, theses countries promoted Asian exports and foreign direct investment (to varying degrees), while bureaucratically obstructing American exports.

    The post-1980 business cycle, in short, has relied on financial booms and cheap imports. After a nearly 30-year borrowing binge, many households find themselves up to their eyeballs in debt as credit has tightened. At the same time, asset value (particularly houses) were inflated by a real estate bubble that has now burst, leading to falling and even plummeting home values as we are witnessing.

    Given this state of affairs it's unclear how growth can be revived. Consumers, even with those tax rebate checks which many will use to pay down existing debt, won't be able to spend their way out of this recession as they have in the recent past.

  • 0

    mosc1

    Betzee nice read. Economically it took 60 of American imperialism to get itself in the economic mess that its in today. If a economic strategy can be developed, and that's a very very big if, it shall take at least 15 years or more to reestablish the American dollar. Reestablishing the free banking traditions that existed prior unto the American Civil War, that's a good start. Pulling out of any european alliance, Nato for example, with the objective of reasserting the political direction of the Declartion of Independence from europe; rejecting the Wilsonian notions of League of Nation/United Nations to accomplish world peace. America's hurting it really needs to turn its attentions upon herself and just close all the foreign military bases abroad. The cold war ended yet the American governments of the past failed to bring the boys home!

    Obviously the socialist democratic party shall never embrace such a political platform. Niether shall the neo conservative republican that have enshrined socialism as American Conservatism! Voting for McCaine, this man has no economic vision what so ever, he shall follow the political currents he lack the ability to innovate a new political course. Herbert Hoover also could not innovate a new political direction, FDR, established the Democratic socialist party in America. The Democrats represent the liberal traditions and still do to this day. The Republicans have lost their way, they have no political compass directing a Conservative vision. Its only fitting that the Democrats who started Big Government and deficit spending should be in office when the economic bottom falls and the American economy crashes - BOOM! Putting the so called Conservative Party into political exile offers the best hope of lynching, so to speak, the NeoCons and reestablishing a real Conservative Party and political vision.

  • 0

    mosc1

    correction: it took 60 years of American imperialism etc

  • 0

    Betzee

    While it's true our military is spread too thin, other issues which need to be addressed by the candidates are crumbling (or collapsing!) infrastructure, loss of competitivenss in scientific research as well as a workforce increasingly dominated by people who lack the educational attainment necessary to land anything above poorly paying service sector jobs, along with skyrocketing national debt.

    Unfortunately winning has become everything and little attention is paid to governance. If we allow this election to become about Reverend Wright and gay marriage we will have lost the chance to confront these issues before it's too late.

  • 0

    SuperLib

    The post-1980 business cycle, in short, has relied on financial booms and cheap imports.

    Odd, that sentence appears word-for-word in from the Marxism mailing list archive:

    http://archives.econ.utah.edu/archives/marxism/2008w14/msg00029.htm

    This has happened about a dozen times now, Betzee. Obviously embarrassment isn't much of a deterrent for you. But still, if you're going to copy word-for-word, you should give proper credit.

  • 0

    Betzee

    It actually appeared in the Chronicle of Higher Education, which I read back in April.

  • 0

    Betzee

    Economically it took 60 of American imperialism to get itself in the economic mess that its in today. If a economic strategy can be developed, and that's a very very big if, it shall take at least 15 years or more to reestablish the American dollar.

    The problem is the candidates will stake out easy positions on the economy such as hammering Beijing to allow its currency to appreciate and take care of our trade deficit. The Chinese may not budge on that, but assuming they do it will not solve our post-1980 business cycle is bust problem. Rather it will simply open the door to Chinese investment in America on a scale which will dwarf Japanese investment in America in the late 1980s. Already 32 state governments have reps in China to hawk investment opportunities. South Carolina is amongst the most agressive, incidentally (can't remember where I read that but it appeared recently in an article).

  • 0

    nucular

    Marxism mailing list archive, Chronicle of Higher Education; Same diff.

  • 0

    Betzee

    Marxism mailing list archive, Chronicle of Higher Education; Same diff.

    Would you also include Kevin Phillips in that category? He helped get Nixon elected and has recently published a book entitled Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism.

    The ascendance of the financial services sector has been noted by many. It is not the result of big government but rather of reducing the regulatory framework in the financial services sector, enabling it to expand and multiply its services. In the search for profit, pardon the Marxian phrasing, credit was extended to those who proved unable to repay and this has endangered the entire system (which had become more and more leveraged). By contrast, the dotcom bust did not spread into sectors.

    The question is where do we go from here? That's what the candidates need to address.

  • 0

    Sarge

    "Where do we go from here?"

    Indeed. And where is here? Lessee... no terrorist attacks on U.S. soil in over 6 and a half years... despite a slowdown, the biggest and most dynamic economy in the world...

  • 0

    Betzee

    no terrorist attacks on U.S. soil in over 6 and a half years... despite a slowdown, the biggest and most dynamic economy in the world...

    Endless war and permanent tax cuts, what John McCain has committed himself to in order to secure the backing of the Republican Party base, are not a sustainable combination. I know what the Republican talking points against Obama will, namely that he doesn't recognize the threat posed by terrorism.

    Yet in this economy that may not find resonance. If you don't have health care or are at risk of losing your home to foreclosure, those problems probably loom larger than terrorism as a threat to your daily existence.

    More importantly, if the victor hasn't campaigned on the issues he may find himself unable to move forward on his agenda once in office. Such was the case with GWB's social security privatization plan. He felt he'd "earned a little capital by winning" in 2004. But since he'd never campaigned on his "personal account" plan, the public didn't get behind him and it died in the Republican-controlled Congress.

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