Wednesday, September 14, 2016

#BringBackBernie

Our republic is in crisis, apparently, not only because of the economic problems it faces, but also because the Democratic candidate for the White House appears to be ill. I saw the video of her apparently having seizures from Infowars, and I have to agree with them that it shouldn't be considered a "conspiracy theory" to raise questions about her frequent falls, coughing fits, and seizures. Though the Clintons seem to have sociopathic tendencies (to be fair, Donald Trump seems like a narcissist, and it's not clear if one type is worse, since sociopaths can channel their minds to do positive things for society -- take surgeons, but I digress), they have done some good for this country, and the economy was powerful under Bill Clinton, though he played a role in the repeal of Glass-Steagall, which led to the 2008 financial crisis. Hillary Clinton also represents a continuation of the neoliberal and neoconservative status quos that have dominated American economics and politics, respectively. Trump, contrary to what his fans believe, probably does not have the wealth he claims to have and has filed for multiple bankrupcies, and also outsources the manufacture of his products, though he is on target regarding the problems with economic neoliberalism. He's also the least Christian of any politician I have seen, going by his character and insults, though evangelicals and Christian conservatives are enamored with him. It's not clear, though, that protectionism will provide the immediate boost to the American economy as Trump claims, since the very reason why products are cheap at Walmart -- where no doubt many of his supporters shop -- is precisely because of the lack of tariffs and open trade. There needs to be manufacturing back in the U.S., but there are no quick fixes, and as the Germans and Japanese prove, developed countries can flourish with third-world labor pools competing against them by emphasizing quality and innovation. Trump probably does not know how to navigate through this complex system without disturbing the lives of millions of Americans, given his lack of experience outside of his multiple bankruptcies related to real estate. Mark Cuban would be a better fit as an entrepreneur, given that he is wealthier and more intelligent than Trump, but I doubt Cuban wants to run.

Anyway, it is a very serious problem to have a front-runner with a serious illness, and with all due respect for Hillary, she should consider passing the baton to Bernie Sanders. Like Trump, Bernie is opposed to the neoliberal regime, and Bernie is more practical about the situation. If this nation invested in its infrastructure and education instead of bailing out banks -- which it has spent trillions on since 2008 -- as Bernie proposes, would the nation really be worse off? Besides, there is currently a deflationary crisis afflicting this country, given that wealthy Baby Boomers are retiring in droves. Generally, people spend less when they retire. The entire developed world is engulfed in a deflationary spiral due to demographics, including Japan and even China. Printing billions of dollars to offset these very powerful forces to spend on infrastructure and education instead of bailing out zombie banks would probably bring the economy more in balance, and create a better standard of living for most people. The helicopter drops of money from the world's central banks to counter deflation are coming anyway, so we might as well channel the funds intelligently for the social good.  The reality is, printing money that simply sits on bank balance sheets does nothing for Main Street except harm and destroy it.

At this critical point in time, the Democrats should think like members of an Olympic relay sprinting team and get someone else in who has a fighting chance against Trump. This man is Bernie Sanders. Bernie will get us out of the deflationary depression and rebuild needed infrastructure and jobs. Bernie will remove the debts weighing down millions of college graduates and destroying their futures, thus further stimulating the economy at a time of demographic crisis. It just does not look good to have a seriously ill person as a candidate for the presidency.