Is this the perfect storm?Submitted by gjdavis60 on Thu, 08/18/2011 - 09:31
I wake up in Philly this morning to the sound of thunder and rain pelting my window sill.
On Morning Joe, left-leaning pundits hold out little hope that the economy will rebound before the presidential election. They are unimpressed with President Obama's latest campaign tactics, and don't believe any economic plan he proposes will gain traction with the Congress or the public. They don't see how the economy can be turned around before the election, or how a "blame the other party" strategy can win. They say there is a sense of resignation within the Administration.
They say neither Obama nor any of the Republican candidates have proposed specific plans to help the economy, "except for Ron Paul" one of the panel blurts out. The host quickly moves on to the next topic.
Maxine Waters comes on, speaking for the Congressional Black Caucus, and criticizes the President for his performance on inner-city jobs.
The left-leaning pundits openly dispute the official unemployment statistics, claiming unemployment among African Americans is much higher than the official 16% figure; that many folks who are no longer looking for jobs are not counted. They say that real unemployment in Detroit is close to 50%. Where have I heard this before?
Maxine Waters says she is disappointed in the "green jobs" movement because it has not brought employment to her constituents. She says she would even be in favor of corporate tax breaks if it would stimulate employment in the inner-cities.
I can hardly believe what I am hearing: real, public dissent among the President's base, open admission that the recession is not ending, and a tacit acknowledgment by the punditry that the President has mismanaged the economy and has lost his opportunity to regain the upper hand. Is this the perfect storm? I see a bright flash and count the seconds until the thunder. The storm is getting closer.
The wheels are coming off the welfare/warfare wagon. The luxury of ideology and partisan politics is being abandoned over the depth and breadth of real suffering and undeniable dissatisfaction with the government's handling of the economy. The illusion of the two-party system has never been more obvious, and the suppressed reality of a monopoly controlled by the ruling elite has never been more visible.
In the end the battle for the presidency will come down to the economy. The media would rather quiz Ron on his unorthodox libertarian social ideas, but I believe eventually our narrative about economics will win or lose the day. As much as I dislike the current political format of sound bite solutions, we must do our best to adapt our message to the medium if we are to be successful. People need to understand not only what a President Paul would do for the economy, but more importantly, why, as this is the critical factor that differentiates him from all the other candidates in either party.
How do you convey the distinguishing ideas of Austrian economics in 30 seconds?
If Ron makes it out of the Republican primary, there will be many receptive minds among independents and Democrats.