DO WE REALLY WANT TO SOLVE PROBLEMS?

Now that Deval Patrick and possibly Michael Bloomberg are entering the race for the Democratic Presidential nomination. Why not? None of the multitudes already running has wowed the populace. The nominal leader, Joe Biden, is suffering from a wound named Hunter. As we’ve pointed out, you simply can’t go for impeachment with a leader so ethically compromised. As the Dems push impeachment, the Republicans can point to the Bidens. Saying they did nothing wrong, just insults the electorate. Joe Biden’s only real source of strength is the Black vote. This arises out of his association with Barrack Obama. Patrick has a much older friendship with the former President, and he’s black. This can’t help but diminish Biden’s black support. This will further fragment the delegate totals for those running, probably leading to a hung convention. After two ballots, the nomination we think will go to Michelle Obama by acclamation. For years we’ve predicted Michelle would be the nominee, and Patrick’s entry in the field is just another Obama cool move. In any case, the Dems are committed to promising endless spending and crushing taxes. Michelle only has to appear to be a little less extreme.

Forcing both parties to the extremes is a given with our present primary system. As we’ve pointed out in our series “the Future Party” (series available on this site), our failing nominating system gives us less acceptable candidates. Instead of the parties offering capable candidates with broad appeal, we have populist Trump facing candidates at the other extreme. The lack of fiscal restraint is indicative of the lack of sound thinking. The present President is running trillion-plus deficits, yet any of the Democratic contenders make him look like a miser.

At the forefront of the Dems proposed eye-popping spending is healthcare. Cost estimates in the tens of trillions are offered to replace our present system or slightly less to significantly expand it. Nowhere is there any reasonable elements in any of the plans to actually cut the real costs of healthcare. Rationing, along with price controls and caps, we are told will bring prices down. They claim eliminating the profit motive will make healthcare much cheaper. One doesn’t have to recall the failure of the USSR’s command society to know this is the path to long waits and shortages. We just have to look at the current crisis in Britain’s single-payer health service. Presently, almost a quarter of a million have been waiting 6 months or more for needed treatment. Remember, Britain has only 1/6th of the Us population. Worse, 25% of cancer patients failed to start treatment on time even though timely treatment is often the difference between life and death. Do we really want needless deaths on the national conscience? We want better for our loved ones.

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Leaders?

Hunter Biden has informed us he is cutting ties with the Chinese investment firm that the Chinese Government saw fit to give $1.5 Billion. We had no idea he was still raking it in from his dad’s vice-presidency. As we pointed out in our last post, Hunter gained lucrative positions in which he had zero qualifications solely on his dad’s situation. With his dad’s presidential run, we would’ve thought this swamp creature behavior had stopped long ago. He claims to have done nothing wrong and then promised never to accept offshore positions and money if his dad becomes President. Why would he? There would be far more lucrative positions available to him at home in a Biden presidency. No need to travel far. For his part, his dad also claims they did nothing wrong. Yet, his proposed ethics code outlaws this type of behavior precisely. Maybe this isn’t even needed. According to Washington Post writer Marc Thiessen, the Code of Federal Regulations bans this conduct. It states, “a relative with whom the employee has a close personal relationship” and “the circumstances would cause a reasonable person with knowledge of the relevant facts to question his impartiality in the matter, the employee should not participate in the matter.” Yet, Joe Biden forced the firing of the prosecutor investigating the Ukrainian gas company employing his son. Whether he was right or wrong in this case, he was forbidden to take this action. Simply, Joe Biden can’t do stuff where his impartiality could be questioned. If he had adhered to this rule, he wouldn’t be in such a fix. He broke the regulation. When you break the rules, you have done something wrong. In any case, both say they won’t do any more foreign deals if Joe gets to be President, wuld you really believe them when they can’t even own up to past transactions? They seem to think they are entitled to big unearned paychecks just because of high position. The rotten apple doesn’t fall far from the tree.

In any case, as predicted, Joe is fading. The Bidens mantras of we didn’t do anything wrong, we’ll never do it again, and we’ll make these activities illegal if they weren’t already shown appalling judgment. You just can’t have the ethically challenged Joe Biden being the face of the Democrats when they’re trying to impeach a president. The Democrats are all in on impeachment, so Joe has to go.

That leaves the rising but unelectable Elizabeth Warren as the front-runner. Our prediction 2020 Democratic nominee will be Michelle Obama is looking better every day. Doubters should be aware a recent New Hampshire poll shows her well ahead of the field. Remember you heard it here first years ago.

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Catching Up

Howard Shultz closed shop on a possible independent presidential run. We received his lengthy email explaining why he had to drop out. After many paragraphs explaining why we needed an option for the vast middle of the country, he bailed because he was terrified of being seen as a Jill Stein taking votes from a possible moderate Democratic candidate. An odd assertion for an independent seeking to draw votes from both parties. He also mentioned back problems but it’s hard to see how he could be less effective with a bad back than he was when he was healthy. At no time did he put forth any ideas or program to appeal to the middle of the electorate. It wasn’t because he wasn’t offered any. We and many others favoring a third option proffered a wide range of ideas to solve the nation’s problems. Not one idea ever saw the light of day. A strange way to run for President. His run was more about Democratic Party politics than a truly independent run. The only thing he accomplished was diverting efforts and resources away from other possible independents and third parties.

Shultz’s maybe run was so bizarre, it brings forth possible conspiracy theories. We’ll offer ours. The recent Democrat debate shows most of the oomph is on the far left, with only the doddering but somewhat closer to the middle Joe Biden having a chance to prevent a far-left candidate. Betting on Joe finishing the race is a poor wager, leaving the nomination to someone on the left fringe. This was what Shultz claimed he was against. He must be convinced some more moderate Democrat will appear at the last moment to save the day. Was all this to help pave the way for Michelle Obama? Remember we’ve been predicting for years the 2020 nominee will be Michelle. Maybe Howard thinks the same way. Maybe this is what it was all about.

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The World Has Lots More” Now What? Steps to Take

The point of this series is to make clear how the world has changed for the better since innovation and trade have taken off to provide increasing amounts of “More”, while the old standby of taking it from others ultimately results in “Less.” The problem is we either have to commit to adapting to a changing world with greater flexibility and efficiency or get caught in the downward spiral of government-directed economies invariably get snared. More government direction and you go down the road to “less.” The leaders promise “More” and maybe initially deliver by taking it from some and giving it to supporters, but ultimately they can’t adapt quickly enough and fall behind. The people get restless. The leaders grow fearful and clamp down on dissent. Maybe, aggressive foreign ventures are taken to distract from the leader’s failures. Sanctions for these actions or human right violations follow adding to the economic distress. The country is forced out of normal trade as unreliable in any supply chains. The economic situation gets even worse and the leaders have to be even more repressive. On and on it goes. Unfortunately, this is the history of every modern top-down government. If we wish to avoid this horrible fate we need to take certain steps:

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The World Has Lots More” Now What? IV

Never in human history has the average human had “More.” Capitalism if left alone to continue to work its magic promises to bring even “More” to everyone allowed to participate. Only where economies are increasingly run by top-down dictates is the human condition deteriorating. Yet as we have seen this highway to more is threatened both at home and abroad. Even China where allowing capitalism rum a major part of its economy brought a billion people out of abject poverty is reasserting top-down control. No wonder its growth rate is slowing in line with every turn of the screw. We know where this leads, increasing oppression and, of course, “Less.” At home, we have a large part of our populous favorable to socialism and outright hostility to capitalism. To understand this strange reaction to a system that has provided everyone with far “More” than our forebearers ever dreamed possible, Joseph Schumpeter (1883-1950) gave us some insight. The economist popularized the phrase “Creative Destruction” to describe the dynamics of market capitalism and how its disruptive the forces of innovation undermined norms. With the widespread change, some suffer near term loss but overall most gained. He lauded the entrepreneurial spirit of the capitalists, but thought the loss of equilibrium would cause socialism to win out in the end. He based this on the hostility of intellectuals on one hand and workers on the other. He couldn’t have been more wrong. As we’ve shown, socialism and every other top-down system have proven to be an utter disaster. As it turns out the equilibrium under these systems is upset but not in a good way. However, this hasn’t quashed the hostility among many intellectuals and workers.

Today’s intellectuals are the direct descendants of the small number of literate elites topping the heap all over the world for all those centuries prior to 15th. Whatever “More” there was to have belonged to them. They were the military leaders, the governors, the lawmakers and keepers, the bureaucrats running most everything, the repositories of whatever passed for knowledge and the intermediaries to the gods. The vast majority of humanity was just dust beneath their feet. The uncouth deplorables were put on earth to serve their betters. They only suffered merchants and artisans to provide them with the good things of life. They were the top of the human pyramid. The commercial class had to kowtow and often bribe these officials in order to survive. This still exists but much more muted in liberal capitalist countries. As commerce grew and entrepreneurs prospered, the intelligentsia had to share power and place. They are not happy.

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