Since so much of the news each day concerns the coming presidential election, I've been devoting considerable blog-space to the subject, especially because the bulk of what I read doesn't seem to make very much sense. And that's certainly true today.
For example, many articles now highlight the massive effort by the president's campaign to personally malign and defame Mitt Romney. However, most of what's said seems quite childish to me and certainly beneath the standards of someone who's supposed to conduct himself as the world's most important leader. Nonetheless, the "Commander in Chief" seems content reacting like a street thug with no real substance to his cheap shots and jibes whatsoever. And I guess that's actually an attempt to take voter's eyes off the realities of how badly the nation's conditions become under his watch.
Just this morning, according to Bloomberg on-line, "American employers added fewer workers than forecast in April and the jobless rate unexpectedly fell as people left the labor force, adding to concern the economic expansion is cooling. Payrolls climbed 115,000, the smallest gain in six months. The median estimate of 85 economists surveyed by Bloomberg News called for a 160,000 advance."
But the most interesting to me continues to be the blatant politicizing of the nation's economic problems. Because as I keep repeating in my entry's, the woes aren't even hard to fix. However, the incumbent prefers letting the economy continue to sink than adopting any policy seeming to even remotely resemble any ideas from his rivals. And that's his major dilemma, because economy-wise his party's hopeless, and as history shows, always has been.
Then again, what's even more perplexing is that the one's being hurt most by the incumbent's insistence on staying a failed economic course are those who make up the base of his party. Because while businesses that provide the nation's lifeblood are quickly adapting to the dismal conditions and cutting their costs, including hiring less people, the administration's covering the shortfall with debt.
However, so much leverage's been added by the continual borrowing, there will soon come a time when the nation will either exhaust its avenues of credit, or worse, be forced to default. And that means that not only have the policies failed, but every citizen will individually help pay the price.
And, here again, the folks running successful businesses will survive as always, but conditions for the jobless, the under-educated and illegals will grow far worse. And since these groups make up the core of the incumbent's constituency, he's economically killing off those he loves most. And I guess, you really cant do anything dumber politically than that.
That's it for today folks.
Adios
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