Day: June 28, 2011

What Happened To The Economy?

We all are asking that same damn question…..well, at least those of us that have to toil for a living, that is…..and if you are looking for a simple answer to a complex issue…..this may help……

bullet points (thanks to Stephanie Kelton):

  • The economy doubles since 1980, but wages flat.  Where did the money go…
  • All (or most) of the gains went to the super rich.  And…
  • With money comes political power.  Taxes on super rich slashed, revenues evaporate.  This leads to…
  • Huge budget deficits.  Middle class agitated, fights for scraps…
  • Middle class divided.  Buying and borrowing slow.  Resulting in:
  • Anemic recovery/economy.
Check out the video on the link above…..maybe this would help dis-spell some of the confusion that we all seem to suffer from in our attempt to explain the problems we are having…..or why we need to worry.

Bachmann Bows In

After much anticipation, especially in the Tea Party, Minnesota’s Michele Bachmann has finally made it official…..after much lip service and announcements of an announcement, she has made it official….yesterday in Waterloo, Iowa….hopefully the Waterloo thing is not an omen for her as it was for Napoleon…….

Anyway Ms Bachmann is now officially a candidate for the Repub nomination……she used all the conserv talking points…….

“Make no mistake about it: President Obama is a one-term president,” Bachmann declared. “Together we can rein in all the corruption and waste that has become Washington and instead leave a better America for future generations.”

“The real solutions will come from our businesses, our communities, our schools and the most basic and powerful unit of all — our families,” she proclaimed.

While making a direct appeal to the Tea Party’s deficit hardliners, Bachmann also made a pitch to religious conservatives, praising the country’s past military victories in part by citing a line from the Bible: “Greater love hath no man than this, but that he lay down his life for his friend.”

Like I said…..she is a serious candidate…….let me explain…..

Most people on the Left think she is bat shit crazy…..I do not….I have said I thought she was out of touch and some other maybe not so kind words….she has made some statements that I found offensive and some historical observations that I found unacceptable……..but I do believe she is a serious candidate that should be taken seriously…..

At the time of her announcement she is running neck in neck with Romney Iowa….not a good sign for Mitt…..if she plays well in South Carolina, which I think she will and huntsman knocks off Romney in New Hampshire, then Mitt will have to play in Florida or he can go home, it is over for him……

I think that Bachmann should be taken seriously because she is genuine…..she believes what she says….not like those fakes the Repubs have now…like Mitt, T-Paw and Huntsman…these people are not appearing sincere just going through the motions to get the nomination…..Bachmann needs to be taken for what she is…a serious conserv candidate…..but can she win?  In my opinion…..No.