Hillary Clinton’s delusional economic policy

Crooked Hillary' Clinton's delusional economic policy

Editor: Vladimir Bajic | Tactical Investor

Random Musings

The truth is irrelevant in this instance if only you are the only one that’s aware of it; if the masses think otherwise,  then no matter what you say, nothing is going to change their mind.  What appears as the truth to you could, in fact, be viewed as a lie by the crowd.  The truth can set you free, but in most cases, it can be detrimental to your health and wealth; at least as far as the markets are concerned.  ”  BBC Global 30 Index Signals Dow industrial Index will trend higher

Hillary Clinton’s delusional economic policy

The overall message: she essentially wants to continue and expand the delusional economic policies of President Obama, who will be the first president in recorded economic history to serve an eight-year term without at least one year in which economic growth exceeded 3 per cent. His best year was 2.5 per cent growth in 2010.

President Obama never made economic growth a top priority. Instead, his main goal was to cure perceived social injustices by raising taxes on the highest income earners and then transferring that money to people who didn’t earn it in the form of social programs like free or subsidized health care.

Even though the White House forecast that economic growth would average about 4 per cent between 2011 and 2014, the actual growth figure was about 2 per cent. This, coupled with the substantial increase in part-time workers as a result of the 30-hour work-week limit defined in the Affordable Care Act, has resulted in worsening income inequality, worsening poverty rates and a decline in the standard of living for the middle class.

Virtually every economist will agree that economic growth is desperately needed in this country

Moreover,  a high rate of growth will solve every economic problem. Growth will increase demand for workers, which both raises wages and provides more jobs. Fewer people would need social programs, and tax revenues would increase to help reduce the massive Federal deficit.

Growth encourages innovation, enabling new products to be developed while others would be manufactured more competitively, improving our trade position worldwide. Income inequality would be reduced.

Clinton says that the way to grow the economy is to increase wages, which results in more demand. Clinton would raise the minimum wage, perhaps to $15 per hour. That fits her narrative of rising wages to stimulate growth. But in reality, that view is as delusional as Obama’s. Full Story

Why this scientist thinks the Democrats have to fight dirty

he logic of the essay was simple enough: The prospect of a Hillary Clinton presidency was so positively ruinous that conservatives had no choice but to support Donald Trump — no matter how awful or incompetent he appeared to be. The stakes were simply too high.

Until now, there was no left-wing equivalent to the “Flight 93” essay, no rallying cry that urged Democrats and liberals to do whatever is necessary to win. But David Faris’s new book, It’s Time to Fight Dirty, is the closest anyone has come so far.

Faris, a political scientist at Roosevelt University, argues that the Democratic Party must recognize that Republicans aren’t engaged in a policy fight; instead, they’re waging a “procedural war.”

What he means is that Republicans have spent the past two decades exploiting the vagueness of the Constitution to create structural advantages for their side — passing discriminatory voter ID laws, using the census to gerrymander districts, blocking Democratic Supreme Court nominees, and so on.

Faris writes Democrats have to recognize this reality and act accordingly, especially now that the Republicans are poised to conquer the Supreme Court for a generation. I reached out to him to find out what, exactly, he has in mind.

A lightly edited transcript of our conversation follows. Full Story

4 wrong postelection things Democrats are fighting about

1. Progressive economics vs. Identity politics

This fault line, partially dormant since the primaries, burst open after the election. Economic progressives blamed the loss on identity politics, arguing that Hillary Clinton didn’t focus enough on jobs and other working-class concerns. Social progressives pushed back, arguing that abandoning people of ccolour women, and LGBT Americans would be a moral and strategic mistake.

2. Trump was a bad candidate

“But she lost to Donald freakin’ Trump. He’s terrible! It never should have been this close. Anyone could have beaten him.”

Democrats need to let this go. It’s trapped-in-a-bubble thinking. Sure, they would never vote for Trump, but millions of Americans did so enthusiastically.

The largest component of Trump’s 63 million votes came from loyal Republicans.

Trump won because of economic policies

Trump cleaned up among the white working class, and edged out upset victories in Rust Belt states, leading some to conclude he won because of his economic plans.

But Trump’s appeal is cultural, rather than economic. It’s a mix of anti-elitism, anti-political correctness, and white identity politics, not carefully cultivated policies.

The fact that we’re talking about the white working class, instead of just the working class, is a pretty big clue.

Take coal. The point is not that voters evaluated Trump’s plan and determined it will bring back mining jobs.

 Focusing on presidential politics

The Democrats have two separate problems:

Presidential politics (they’re fine)

State-level politics (they’re not)

With a flawed candidate, in a closely divided country, in which it is historically rare for a party to hold the White House for more than 8 years, they nearly won.

But they’ve done terribly in state elections.

Republicans now control 32 state legislatures. Democrats have 13 (northeast, west coast, and Illinois, just like you’d expect). Five are split. Full Story

Other articles of interest:

Why everyone should own some Gold & Silver Bullion  (June 12)

1st World Corporate America & Third World Regular America (27 May)

Negative rates will fuel the biggest Bull Market rally in History (25 May)

Millennials being squeezed out of Housing Market (20 May)

Problem is Fractional Reserve Banking-we don’t need Gold standard (15 May)

BBC Global 30 Index Signals Dow industrial Index will trend higher (11 May)

Stock Market Bull not ready to buckle (4 May)

Fear mongers are parasites that profit from your fear (2 May)

Gold Bugs think & stop listening to Fear mongers  (1 May)