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Category Archives: U.S. Politics
Obama wins — but will anything change?
The US election of 2012 was remarkable for its lack of surprises. Obama won basically the same states he won in 2008. His victory was based on overwhelming majorities among minorities and strong leads among women and the young, especially … Continue reading
US Policy in the Middle East — Can we be Realistic?
Has Obama’s Middle East policy failed? The death of four Americans in Libya, the increasing power of the Muslim Brotherhood in Egypt, chaos in Syria, and Iran’s continued commitment to nuclear enrichment has led some to argue that Obama has … Continue reading
Posted in The Middle East Revolts, U.S. Politics
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Obama’s good day with new job numbers
The magic 8% mark has been breached. No longer can Republicans say that there has been four years of “over 8% unemployment.” What’s more, the new job totals for both July and August were revised upwards substantially, and labor force participation went … Continue reading
Posted in The Global Economy, U.S. Politics
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The Morning After (the Debate)
Never before has a Presidential debate swung so far so fast in favor of one candidate. Romney mopped with floor with the President in an amazing bravura performance. Obama, following his all-too-common “I just want to be reasonable” stance, was … Continue reading
Posted in U.S. Politics
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Who Needs Government? (The Middle Class does)
Next week, the presidential campaign debates are upon us. One of Mitt Romney’s staffers, Beth Myers, put out a memo framing the choice as follows: “The choice [is] between President Obama’s government-centric vision and Mitt Romney’s vision for an opportunity society … Continue reading
Posted in U.S. Politics
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O-HI-O (again)
Two weeks ago, I argued that Obama would win Ohio and that would provide him the key to victory. Today, the polls have moved strongly in that direction. Why? Ohio Unemployment: August 2012 – 7.2% Columbus area unemployment (Largest metro … Continue reading
Posted in U.S. Politics
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Two nations, divided under God, in the U.S.A.
The fall-out from Romney’s false and distorted view of America as two nations, almost half of whom see themselves as victims and want government hand-outs, which the other half pays for, has obscured the fact that we ARE becoming two nations. The … Continue reading
Posted in U.S. Politics
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Romney joins Ferguson as a target
A few of weeks ago, I discussed the troubles that Niall Ferguson ran into from claiming that America had become a “50/50″ nation — half the people working, the other half not paying taxes and collecting government benefits. I also noted … Continue reading
Posted in U.S. Politics
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Don’t Fight the Fed
Debra Brown asks how I could post a warning for a Fall Surprise last week (a major market plunge), and then this week say that the market could be rising into the election — what changed? Ms. Brown is right — … Continue reading
Posted in The Global Economy, U.S. Politics
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Gloomy Data?
Yesterday I posted my impressions of the economy in China. While I saw clear evidence of booming consumption in Beijing, this seems to be supported by deep inequality and a scramble for ‘grey’ (off -the-books) income rather than by broad … Continue reading
