There are Choices, Republican or Democrat

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This article was written back in early 2016, had been lifted from my blog.  The lift from the blog left a lot of presentation errors, so I cleaned it up today, the text is unchanged from the original.


The big question is, how does our economy and the Global economy stop the deflation spiral that we are in ?

Bernanke and his trailing puppy Yellen,

have tried the route of QE, the expansion of Central Bank balance sheets which reached a critical level in September 2012, to little avail. Japan&Kuroda and Europes Draghi have tried to follow suit. &This has led to a headline on Bloomberg today, Bank of Japan may be reaching the technical limits of QE as it runs out of government bonds to buy.


So is there a Solution?

For me, if you are going to change the direction of Macro economics in a Global consumer economy, the money has to go to the base, not to the top. In Europe and in the US the approach of fiscal government has been a tightening. In the US the Republican Congress driven funds sequester has been the dominant economic factor over the past five years, basically the same has been true in Europe. So bottom line, the biggest issue is the fact that the Central Banks have had their hands tied and should have stood aside after saving the economy in 2009-2011, two years of cheap money was enough.

The markets and elected government

needed to take over at that point and they dropped the ball.

There are Choices

Which leads to the title, five people are running for President at the moment, Trump, Cruz, Kasich, Clinton, Sanders, and they have widely varying economic platforms. Keeping in mind that government debt is a long-term fiscal issue that is best dealt with by debt reduction during boom times and debt increases during slow times, the decision for your next president is made much easier. It is obvious that a major change in jump starting the economy is in order. The consumer needs to be recharged. Big changes in infrastructure, education and health funding are of first importance. And we are in a slow economy, real deflation, is closer than actual inflation. Your decision Please.


Mike Haluska Added Apr 8, 2016 - 3:45pm
Ayn Rand predicted this all in her novel "Atlas Shrugged"
""When you see that trading is done, not by consent, but by compulsion—when you see that in order to produce, you need to obtain permission from men who produce nothing—when you see that money is flowing to those who deal, not in goods, but in favors—when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you—when you see corruption being rewarded and honesty becoming a self-sacrifice—you may know that your society is doomed."
The Left has codified into law and regulation all of the above.  It was justified as a way to achieve "fairness" and "equality" and has all but bankrupted our country.  Don't blame Wall Street bankers for what was done, blame the corrupt politicians who accepted the graft.  Wall Street bankers can't make laws - only politicians who only have to say "NO" to graft when it's offered to stop the mess before it gets started.  
Mike Haluska Added Apr 8, 2016 - 3:49pm
To my "well-intentioned" Socialist friends:
"When you have made evil the means of survival, do not expect men to remain good. Do not expect them to stay moral and lose their lives for the purpose of becoming the fodder of the immoral. Do not expect them to produce, when production is punished and looting rewarded. Do not ask, 'Who is destroying the world?' You are."
Blaming those who offer bribes while excusing those who accept them because their "intentions were good" is rationalized fantasy.
Mike Haluska Added Apr 8, 2016 - 4:01pm
To those wondering what (if anything) to do about Obamacare:
"I (neural surgeon speaking) quit when medicine was placed under State control, some years ago. Do you know what it takes to perform a brain operation? Do you know the kind of skill it demands, and the years of passionate, merciless, excruciating devotion that go to acquire that skill?
That was what I would not place at the disposal of men whose sole qualification to rule me was their capacity to spout the fraudulent generalities that got them elected to the privilege of enforcing their wishes at the point of a gun. I would not let them dictate the purpose for which my years of study had been spent, or the conditions of my work, or my choice of patients, or the amount of my reward.
I observed that in all the discussions that preceded the enslavement of medicine, men discussed everything—except the desires of the doctors. Men considered only the 'welfare' of the patients, with no thought for those who were to provide it." -  "excerpt from Atlas Shrugged"
George N Romey Added Apr 8, 2016 - 7:37pm
There is no real desire to jump start the consumer in either the public or private realm. The top 1% has done fantastic since 2009, which in itself was a blip & since then we'll cared for by the Fed. Only when real pain hits the top will real change come.
Eureka-Perspectives Added Apr 9, 2016 - 10:07am
I am no expert on Ayn Rand, but I do know that everyone that is a citizen of this country, other than the Native Americans, is either an immigrant or an descendant of an immigrant.  I also know that our immigrants came for a multitude of reasons, just listing a few of the reasons here; some were escaping religious persecution, some were locked in a fixed status structure in their homeland and wanted opportunity, some were in deep poverty, and some were looking to build great wealth.  All of these people have become our Americans and they are each in their own way very different and have different needs. Though Democracy they all have the right to vote for what kind of country they desire.
As I understand Ayn Rand, she believed that U.S. Democracy was an uncompleted platform and she had some ideas on what it should look like when it was completed.  Those ideas, again as I understand, were built around the Individual and a certain selfishness for that individual. 
Here is a piece from some Rand material on the internet. 
"To be sure, Atlas Shrugged  portrays America in decline, as the inevitable consequence of its “mixed economy.” But the significance of the novel goes far beyond its critique of the modern regulatory/welfare state. Rand herself noted that the story of Atlas Shrugged "demonstrates that the basic conflict of our age is not merely political or economic, but moral and philosophical," the conflict between "two opposite schools of philosophy, or two opposite attitudes toward life": what she called the "reason-individualism-capitalism axis" and the "mysticism-altruism-collectivism axis." That conflict is at the heart of the basic contradictions in American law and constitutionalism discussed in the previous sections."
So bottom line, we have elections to evaluate and see what philosophical and moral direction we are going to follow for the following four years.