Wednesday October 22, 2014
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Mr. Hewitt, you are correct on all your points. My favorite Republican was Teddy Roosevelt who would understand you as well, were he alive today.
Present day Republican dogma is more a product of the Reagan years which were, in the form of rhetoric, good enough to get him elected and reelected, following the dismal Carter years. He was our savior, right? But, we are now living the consequences of "supply side" economics taken to an extreme. Supply flourishes when there is demand. Demand is retreating so the suppliers are too, because there is reduced demand for their product.
It is easy to get caught up in all the media hysteria and hype that is peddled in the name of news when it is really mere opinion. The news outlets, in general, are given to doom, gloom and attempts to incite and inflame their audiences and build their Nielson ratings which attracts advertising revenue. They can't let the truth get in the way of attracting more money.
You and Mr. Hoffman (your critic), may profit from a web site which focuses on geopolitics and on occassion delves into domestic politics when the two disciplines overlap. It is <stratfor.com>. Stratfor will send you two free reports each week, if you ask, but all other content is obtained by subscription. It is worth every penny if you want to rise above the depressing din. There was a recent analysis on domestic politics and the up coming 2012 elections which, I think, went out as free.
The simple truth of the matter is our social securities are not going bankrupt so long as the fed has the power to inflate an economy when needed and remove excess capital (taxes) when not. We don't need to change the contribution rates and no one should use the term "bankrupt" in the same sentence with the "Social Security". It is impossible for the fed to go bankrupt as long as we are not on a gold standard, which we were when Social Security was first implemented. The fed can expand the money supply if it needs to and alleviate any deficit in the Social Securtiy accounts.
These safety nets, as you refer to them, do indeed, help prevent another depression along with an expansion of the money supply and bail out of the errant investment banks. In time, we will recover.
Mr. Hoffman, I was a franchise business owner in Payson for eight years, a business which is still going strong and paid me very handsomely but you don't need to be a businessman to understand macro-economics. The two are only minutely related and significantly different because a business can't tax, and can't print money.
So everybody, just relax. You Republicans choose a candidate that is well rounded in domestic and foreign policies, someone like Newt Gingrich for president and maybe Herman Kane as his running mate for his business mentality and acumen. The other five candidates are relative lights weights and not worthy of serious consideration.
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