Cargo cult politics can be an effective way to advance a given political agenda. Instead of developing new, creative ideas for reform to conserve the environment and bring a kind of equilibrium to the opportunities in prevailing apportionment of wealth to the masses, one just advances the last successful image through a series of debates to produce a winning clone with 30 year old ideas. Finding a suitably congenial Ronald Reagan look alike talent in primary contests and giving the winner an honorary law degree from Cape Giradeau Community College would be a good natural process for selecting a winning ticket-especially if the V.P. candidate is has no expansive popular base of support from diverse elements of the potential constituency.
Fundamentally I anticipate an exciting 2016 election cycle with no candidates able to spell ‘ecological economic’ yet with charisma, charm and dimples. Maybe even a bald candidate or two will toss his toupee into the ring and win a panda. Democrats may look for someone that looks like Bill Clinton yet practices 'safe-sex' and won't build up a global financial flim infrastructure that will collapse in a decade later. The next financial collapse is supposed to be like the real California earthquake looming out there.
Since the rice of gasoline may drop for a while this summer to 1960s era prices adjusted for inflation one would think the economy will expand with 400,000 new jobs per month, or maybe just 300,000, at least that is how things traditionally went went the economy of the United States was based on material production instead of financial service to comprise as much as 25% of the economy. In that sort of economy where material production is somewhat secondary and earnings arise from skimming a percent of that material production the direct relationship between cheaper energy isn’t as important of a factor in creating jobs locally.
http://www.scientificamerican.com/article/economic-inequality-it-s-far-worse-than-you-think/
http://www.scientificamerican.com/article/economic-inequality-it-s-far-worse-than-you-think/
The financial sector workers take huge salaries and bonuses at the top unrelated to performance sometimes yet the ordinary workers haven’t the production of a material commodity to bargain with and their salaries are somewhat related to how much the entire financial industry can skim from the material production sector even if it is overseas. For that matter it doesn’t matter where the material production occurs so long as the financial sector gets a share. With all of the large banks and corporate players investing in China and elsewhere and with so many people in the financial sector is seems challenging to stimulate a local national economy meaningfully. Stimulus has been going to the large banks and to Wall Street recently anyway-and their investment preference seems to be abroad. Creating jobs at Chipotle or McDonalds (I think Chipotle is some kind of Latin America fried chicken franchise or something) or putting on some extra workers at Wally World won’t necessarily create much of a real economic revitalization as so many continue to live on credit or government beneficences while the public debt piles up. Perhaps the skimming of money for the financial sector is counter-productive to building up material growth besides-even sustainable material growth with low-entropy economics.
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