Lest We Forget What This Election is About

Yesterday, clicking through an Instapundit post, you would find here the source for their “quote of the day,”

A couple of years ago, [socialist Venezuela’s] then-minister of education admitted that the aim of the regime’s policies was ‘not to take the people out of poverty so they become middle class and then turn into escuálidos’ (a derogatory term to denote opposition members). In other words, the government wanted grateful, dependent voters, not prosperous Venezuelans.”

Not surprisingly this was followed by the ever useful Reynolds’ reference to the Rainmakers: “They’ll turn us all into beggars ’cause they’re easier to please.

Anyone who listens to Sanders arguing medical service is a right hasn’t thought twice about Perry’s argument – that access is far more important than insurance and far more likely to produce good medicine. And Hillary’s arguments are more of the same, of course, but she’s already in the doddering, grasping, authoritarian stage of the Castros. Sanders hasn’t had the power before – we just suspect what he will do with it; we know what she will.

Read more

The Romney Speech

romney

I did not watch Romney’s speech attacking Trump but have seen short excerpts and comments about it. I think it was a catastrophic mistake by Romney and has ended any future he might have in the GOP. Had he stayed neutral, with perhaps some comments about what is important in a Republican president, his role might be intact. But nobody, especially Mitt, can out insult Trump. It was a foolish lapse of judgement.

I read a blog every day written by a retired Foreign Service Officer, who calls it Diplomad 2.0, and it has commenters from other diplomatic services. His reaction to Romney’s speech is interesting.

I like Romney. I think him a decent man, and one who would have been a very good president. Our country and the West would be in much better shape today if Romney had won in 2012. I had a very minor role on Romney’s foreign policy team and did my best from my lowly position to get the campaign to sharpen its message on foreign affairs, especially on Benghazi–to no avail.

What follows is revealing in the explanation for Romney’s failure as a candidate.

His campaign was dominated by “the oh-so-clever-ones” who think things to death, and analyze until they paralyze. The papers we sent up to Romney were wordy “on the one hand, but on the other hand” expositions of little to no use in a campaign. They read like something written for a transition team, not a campaign team. It was impossible to get Romney’s main handlers to recommend that he go after Obama and Clinton hard on Benghazi and the rest of the misadministration’s foreign policy disasters. They thought that was “too politicizing” and “unbecoming.” Well, what happened, happened.

Romney now comes out and attacks the probably GOP nominee in terms he would never have used on Obama and probably Hillary.

The result ?

The punchline. I had been sitting uncomfortably on the fence re the GOP candidates. After listening to the Romney speech and the other “establishment” types, and hearing the anchor pundits, the pundit anchors, and all the other assorted wise ones, I have jumped off the fence. I have landed in Trump’s farm. He is not perfect, far from it. I might even change my mind, but for now I support Trump.

I don’t know if Trump will be terrible; I do know that what we have right now is horrible beyond words. I can’t bear the thought of a Hillary presidency.

I kind of feel the same way. Trump’s weakest point is foreign policy and here is a guy with years of experience all over the world, who thinks he is better than Hillary and might be OK.

On This Texas Independence Day

What I’m feeling for the GOP is a kind of disinterested sympathy, punctuated with schadenfreude, the disinterest arising from never having been a Republican, the sympathy from the GOP identification of a plurality of my close friends uniformly horrified by what is happening and the schadenfreude from the abrupt collapse of three-plus decades of pharisaical social conservatism. Turns out that eventually enough of the electorate whose resentment you’ve been stoking figures out that it’s a waste of time and fastens on to something else, something that matches their actual resentments a lot more closely.

Read more

Macroeconomic Fallacies, Fed Chairman Bernanke’s Delusions and the Rise of Donald Trump

The G20 leaders recently called upon the leaders of the developed nations to employ more massive amounts of debt financed government spending to ward off the current economic stagnation and in some instances the early stages of recession. That fits Einstein’s definition of insanity: “doing the same thing over and over again but expecting a different result”. The pursuit of so-called “macroeconomic (fiscal and monetary) policies” has produced a quarter century of economic stagnation in Japan, a $30 trillion debt bubble in China with little to show, and stagnation and looming recession in Europe and increasingly in the US.

Einstein was a genius who remains relevant today. Just within the last few weeks evidence was reported of gravitational waves predicted by Einstein almost a century ago. Proving Einstein’s theories has been the focus of physics during the past century, but he maintained that had he been able to get an academic appointment instead of a position at the Swiss patent office he never would have been able to develop and publish his new path-breaking theories.

In his recently released biography The Courage to Act (2015), former Federal Reserve Chairman Ben Bernanke describes how, initially failing physics, he turned to macroeconomics as an outlet for his mathematical skills. This was auspicious. In physics, when your equations don’t fit the reality it is the equations that must be changed unless there is new evidence to change the understanding of reality. Einstein’s biggest error was rather than waiting for better data when his equations predicted an expanding universe, he fudged the equation (introducing the Max Planck constant) to fit the current understanding of a stagnant universe, then disagreed for most of his lifetime with the next generation of quantum physicists who proved he had gotten it right in the first place. Einstein’s one mistake is the modus operandi of modern macroeconomists.

Read more

CNN’s Trump Zeitgeist

At the gym tonight CNN was on one of the TVs and I saw that Anderson Cooper hosted a panel of 6-8 people to discuss the increasing likelihood the Donald Trump was going to be the GOP nominee. I wasn’t listening, I just overheard snippets and glanced at their clearly worried faces from time to time. I did get a mood sense from the discussion though.

Donald Trump. Will he be the GOP nominee? (Several seconds of silence). Everyone talking at once.

Kasich, he still has a chance…

Maybe Rubio, he’s got a lot of support…

Trump…KKK!…high negatives…brokered convention…(Me thinking: Rip, tear, shred, say anything to destroy him. Also, they’re desperate to tie him to the KKK.)

The panelists had a ‘This can’t be happening, there must be some way out, this can’t be real.’ attitude.  My sense was that Trump as the GOP nominee leaves the media in a state somewhere between shock and panic. Is it because, try as they may, they can’t seem to influence this election one way or another, that they’re losing their influence and role as gatekeepers? Or do they simply fear that a populist Trumpalanche might defeat either Democrat in the election? Or do they fear Trump in particular because he doesn’t fear them, and gets away with it, not only unscathed, but ever more popular? Whatever the reason, it was an interesting snapshot at how worried they are.