Showing posts with label Election 2008. Show all posts
Showing posts with label Election 2008. Show all posts

Monday, November 3, 2008

Old Question: Is the US Voter uninformed or ignorant of issues and candidates

Old Question from studies in 1950, 1960, 1976, 1996: Is the US Voter uninformed or ignorant of issues and candidates. How does the American Voter select his vote for US President?

The premise discussed is can the electorate select the right candidate even when individuals can be uninformed in so many ways...whether the incumbent has power over troubles in an individuals life, whether the good works of an incumbent early in the presidency will be remembered, ability to see more than the here and now that troubles the individual, ability to see beyond past party affiliations or alliances, ability to see beyond campaign messages on TV or slams at campaign opponents.

what I get out of this article is that individuals can't really pick the right candidate for themselves and their own values or interests. However, it is not likely that a coin toss will produce better results. In the case of US Presidential Elections money spent in the final weeks of the campaign for TV ads will sway many voters. And many voters will decide their vote on stereotypes, or by campaign ads. The studies performed seem to point to enduring voter ignorance.

Article Sited "How smart is the American voter?
The electorate as a whole may be wiser and more rational than any individual."

By Larry M. Bartels November 3, 2008
Larry M. Bartels directs the Center for the Study of Democratic Politics at Princeton University's Woodrow Wilson School of Public and International Affairs. A longer version of this article appears in the current Wilson Quarterly.

http://www.latimes.com/news/opinion/la-oe-bartels3-2008nov03,0,2565169.story

Sunday, October 5, 2008

Good Economic Policy, Good Foreign Policy, Good Trade Policy

Good Economic Policy, Good Foreign Policy, Good Trade Policy is based in drawing distinct lines of behavior that are acceptable versus compromising policy by making exceptions for industries and for certain corporations. Business Ethics compels any good administrator to abide by minimum standards. The USA for 25-35 years used tax abatement and perks to industries. This is probably the history of hiring illegals as well. So we have a number of points that have to be built in to economic, foreign, and trade policies:
-Human nature is that some politicians and corporate executives will seek power for power's sake.
-Human nature will always take a subsidy/bounty and prepare not to compete with the market, but will prepare to get the bounty/subsidy.
-If there is more money out of the country in terms of trade, investment, off shore banking, monetary leakage, competing industries, national resources, national energy needs, ...than flowing into a country then you have a problem that will burn you.
-If you sell off your countries military technology, or buy your main source of energy overseas then you have a National Security Problem.
-If you don't prepare with Alternative Energy Investment or "new" Technology or "New Science" then you put your country at a disadvantage.
-Research and Development is cheap and universities are cheap places to leverage the American Inventiveness compared to the cost of crisis management.
-If labor is cheaper overseas then the US must sponsor new engineering, new industries, or new growth areas of science through cheap competitions and cheap study grants at colleges and universities.
-Level the trade playing field if you have low industry wages overseas. Politics has never been that productive and usually costs the country in reputation politically...i.e. Chile, Nicaragua, El Salvador, Vietnam. Don't tax our industry while giving preferred trading status to China or Asia.
-Realize the cost of immigration in terms of American Infrastructure, health care, education, legal system, lost jobs, loss of knowledge, loss of skill, and ...in terms of US Dollars that flow to Mexico along with other nationalities that send US money out of the country ...Cuba, China, Poland, Russia, ETC.
-Protect the Value of the US Dollar from excessive US Federal Debt and other type of US Debt since all foreign financiers of the USA will look at the US Economy, wages, GNP/GDP, the health of our financial institutions, the health of our oil industry, the health and wealth of our baby boomers in retirement, total US Federal Debt, total US Trade Deficit, total unfunded budget requirements of $53 Trillion with $10 Trillion Federal Debt while just paying interest.
-Pre-emptive Strikes and War are not foreign policies. We have a US State Department that is full of careerist diplomats and embassies that can do without war.
-We can use military strength to kick butt even tomorrow, but we should save the cost to the nation till we are forced to us it...otherwise we risk losing too much American Wealth.

Saturday, September 27, 2008

Debate: "No Chicken in Every Pot"

No, the debate didn't change anything and wasn't revealing. And I have to clarify myself. The Bail Out by the Feds for the USA Financial Crisis is not about any problem in the American Way or the American System. There are some loop holes in the financial system that have been exploited and have put millions of Americans at risk of loss of 1) jobs 2) savings 3) retirement savings and retirement instruments like 401 (K) accounts 4) repayment of social security account debt in the near future 5) loss of American reputation as world standard for financial stability and financial standard of transparent markets 6) loss of available credit for car buyers, home buyers, new business owners, and corporations.

The "Bailout" at the top for the largest financial corporations seems like working at the wrong end. The bulk of Americans may be wondering what US Federal Taxes and the Federal Government will do to protect or help households. Where is the chicken and the security for households?

America will recover from almost everything you can imagine because the strength of Americans is to do what it takes and the economic power and wealth of American can hardly be imagined. Our economy just simply will keep on rolling no matter the small blips of job losses or banking problems.

Just look back at World War II at all we went through as a country - those values are still alive in the USA.

The debate reflects status quo - no surprise. And it is no surprise that politicians hedge and avoid clear statements. BUT all federal politicians should know from study how we all saw Neil Bush take the blame for the Saving and Loan scandal in the 1970s. There is no difference today. And today's Financial Crisis was always predictable.

I am surprised to see the lack of Economists involved and consulted by Congress and the Senate. It should be clear enough how to change the regulations that the SEC and FDIC would help to transmit to the financial industry. The issue is whether to save big business and save bad financial mangers...and finally and most important how to stay with the focus of helping the tax payer and individual Americans.

Sunday, September 21, 2008

Business Ethics, Finance, Health Care, What Else?

While we are all looking at the Finance Crisis, let's ask what else do we really care about changing in the next 5-10 years in the USA? What are the main concerns in your life.

Here is a video from last year that introduces Business Ethics pretty well during an interview of John Bogle by Bill Moyers...

http://www.pbs.org/moyers/journal/09282007/watch.html

Systemic Financial Problems in the US

Don't let the Lobbyist Write the Legislation to fix the US Financial Scandal. And don't believe any Senator or Congressman that says they need to study the problem or form a new committee. All they need is a History book and their own library.

Some people don't get it yet. Of course individual Americans have to take responsibility for defaulting on mortgages. But the system was rigged to allow people to sign mortgages they could not pay back and mortgages they could not qualify for. The system was set up to allow all the middlemen from the mortgage and loan up through brokers and wall street firms to make money without responsibility for any defaults of loans.

It is ludicrous that the profiteers in the finance industry won't have to pay any money back and that the government will pay with our taxes for bad loans without any compensation or quid pro quo back to the tax payer or our government. Many people have gotten richer by fleecing the little people, but no one has yet really dug up all the fallout and costs to taxpayer and the whole economy.

BTW the bailout of AIG and the Financial Sector already will take the unfunded Debt in the USA to over $10 Trillion. I don't like what McCain has said about forming a committee or a board- that sounds like an expensive, slow boat to China that won't cut the mustard. We don't need a government study to fix the problem. The US has plenty of laws on the books that are either not enforced or were overturned with subsequent legislation. Our Legislators should not be allowed to play dumb and stall till lobbyist write the next plan with all the loop holes that they will need over the next decade.

Bill Moyers, Gretchen Morgenson, Floyd Norris, Discuss US Systemic Finance Problems and the Depth of Economic Problem today.
http://www.pbs.org/moyers/journal/09192008/watch.html

Thursday, September 18, 2008

Election 2008, Longterm Damage to US Financial and Economic Systems

Each of us has to vote on principles this year in the General Election/Presidential Election. Politics are continuing as normal, but even the Gen-Xers know that nothing will change in Washington. We watch TV and wait for plans and specifics of policies, but politicians hold out so that they can please the lobbies after the election. No promises to live up to. Nothing to explain when in office. Status Quo.

But what dangers exist in the budget and the unfunded programs ...and the unfunded National Debt of $10 Trillion Dollars? David Walker is the former Comptroller General of the USA. He has been trying to expose the folly of the Federal Budget and the future crash we have to expect. It doesn't matter what your age is. You will be effected by the Federal Budget and Tax burden. Currently we are only paying debt service, not paying off any of our debt. But that is not new...it is 30-40 years old as a US Policy. We use credit instead of dollars. just like we use dollars instead of gold. I know certain people only want to hear positive words when it comes to our government policy and decision...but. Hey, you laugh at people that live above their means as foolish.

One danger is evident in the falling value of the dollar overseas. Any organization that owns too much debt faces higher interest rates on loans as the value of debt increases risk. But now the foriegn countries that have been buying US Debt are now buying US Corporations and Property at discount prices due to the "Falling Dollar". Remember in the 80's when the Japanese scared so many Americans with their property ownership. It has happened before and that was when our auto industry was stronger...

Bear Sterns, Merrel Lynch, Lehman, AIG, Enron, World Com,....Keating Five, Jack Abramoff, Sub-Prime Mortgages, Financial Derivatives, failed corporations giving bonuses to executives, Legislative Transparency and Accountability Act of 2006, ...

According to Wikipedia:

The Lobbying and Disclosure Act of 1995 (2 U.S.C. 1601) was legislation aimed at bringing a level of accountability to federal lobbying practices in the United States. The law was amended substantially by the Honest Leadership and Open Government Act of 2007.[1] Under provisions which took effect on January 1, 2006, Lobbyists are required to register with the Clerk of the House of Representatives and the Secretary of the Senate. Anyone failing to do so is punishable by a civil fine of up to $50,000. The clerk and secretary must refer any acts of non-compliance to the United States Attorney for the District of Columbia.

According to Opensecrets.org

Number of Lobbyists
1998.....10,689
1999.....13,704
2000....12,760
2001....12,075
2002....12,344
2003....13,171
2004....13,416
2005....14,547
2006....15,571
2007....15,771
2008....17,107

I don't this these Lobbyist are working for you and me, except maybe the AARP. Politicians are rewarded and lauded for spending money. But there is no reward for balancing the budget, curbing federal spending, fighting earmarks, and reducing federal programs. Who will fight in Washington to fund social security, welfare, and medicare/medicaid? Who in the "Beltway" will pay off the federal debt for our children and grandchildren??

And the "News of the Day", who will implement current financial laws and reform US financial practices? The Answer: "We don't Know and We have heard no specific plans in this Election 2008".

Tuesday, September 16, 2008

Election 2008: Rebuilding Financial Markets, Banks, and the Economy

Make no mistake...we are stripping bare the US Economy and Banking System this week as more banks fail. The Federal Reserve (The FED) is injecting money into the banking system to increase liquidity for future loans. However I am not listing here the money injected since most of us can't understand the funds anyway. The real issue seems to be failing banks, failing investment firms like Merell Lynch and of course the risk of chaos from AIG failing. The government (The FED) is working on decision to step in and fund AIG to avoid Bankruptcy.

As these large corporations teeter on the brink and pundits gauge whether the whole economy will be struck...there is another perspective. Stock holders and investors like the American Middle Class are at risk for their retirements and savings.

There are plenty of questions Americans will be asking. Was the Federal Chairman, Mr. Greenspan or Security Exchange Commission (SEC) Chairman's at fault? Was the US Congress at fault?

Saturday, September 13, 2008

Election 2008, What are your most importanat issues??

Election 2008, What are your most important issues???

Health care, Iraq War, Corporate Welfare, Globalization of Jobs, Secure Borders, Immigration, Corruption, Lobbying in Washington, Federal Debt, Business Ethics, or the Economy...I've gotten tired or burned out on the war, since I anticipated that we would go into Iraq and all the implications of what that meant in humans costs and why we were going. Hopefully everyone will know by November 4th the costs to the US in terms of US Debt. Being an American seems to mean sometimes we don't worry about the cost, specific plans, success strategies, end state objects, specific milestones that need to be met, etc. America is just so rich that our budget hasn't been something that most Americans have had to worry about for more than a decade.

In my eyes we have spent too much on war and haven't planned for timely success, but rather planned for longterm occupation as a type of peace-making force.

I really have to hammer the press along with the US Congress and Senate about the lack of strategic planning and budget execution with regard to Iraq and Afghanistan.

I have a couple of provocative videos from interviews of Micheal Moore in Youtube.com. Micheal Moore gets in Wolfblitzers Face. You have to hand it too Micheal Moore for his films forecasting true trends or picking important current events 1). GM Outsourcing/Globalization in the US auto industry 2). Going to War in Iraq's human cost and questionable strategic value 3). Health Care Industry problems in the US.

You've seen the documentary news show about "Doctors without Borders Annual Visits to the USA to treat the uninsured"?

http://www.youtube.com/watch?v=n_QoffvYQpw&feature=related With Bill Maher on HBO on his film "SICKO" and points out how his films haven't enjoyed support for change.

http://www.youtube.com/watch?v=6TR1SG8WDbU&feature=related With Wolfblitzer on CNN.