The people have spoken. Barack Obama is coming back for another term. Here are a list of excuses:
The people are dumb.
The media didn’t pay attention to Bengazi.
The Democrats are more clever.
Romney is dumb.
The people are duped into voting against their interests.
But really after a year of examination, don’t you think we got a pretty good idea of who these men are? Is something really going to slip through?
If we believe in markets, then the political market can be no different. Obama was judged to be more beneficial for more voters than Romney and it’s our job to figure out why and if not agree, at least work to understand.
It could be that the conditions of the market made it impossible for Romney to win. These are things we have to accept over time. If changing them was so easy it would have happened already.
Here are a few broad observations that I have gathered that show the challenge ahead:
1. Elite candidates cannot win especially on the Republican side. The economy is terrible yes, but at the very least Obama will continue the TARP economy but at least claw back some of the gains from the compromised and government-serving financial elite. Romney would continue the TARP economy but not claw the money back.
2. The Romney offering to the average guy is to continue the TARP economy, continue the predominance of oil due to inflation, and you the average guy can install more countertops in the homes of the elite.
3. Cutting the safety net and then throwing people out into the same conditions will only result in more bankruptcies and misery.
4. The middle class is still out of reach of black and hispanic voters. If we believe that all men are created equal, then we have to conclude that an inequality of results across society must be due to differences in access to capital for blacks and hispanics.
The old and sick cannot go out in this economy and begin supporting themselves. Could they support changes that would make the system better for the country?
The Romney approach to growing the economy was too timid to change the essential distribution of every growth point. Too much will disappear into the financial sector. With Obama it disappears into the government sector, but that at least is more broadly made up of middle class voters. In the black and hispanic neighborhoods of the city, the primary middle class is government workers. I am sure many would rather be doing something else.
The Republican approach to illegal immigrants is punish first. The way to solve the problem and gain the support of immigrants is correct the problems the US has created in the world economy.
So there you go, there are three things to correct:
1. safety net for the old is too expensive but the economy can’t support them otherwise.
2. economy is serving the elite first
3. world economy underperforms
Not partisan problems, but problems that the Democrats have safety net solutions to, while the Republicans don’t.