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Mid-Term Entrenchment

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Electino Day is 6 November. There is likely to be a ‘blue wave” that will change the US House and many statehouses to Democratic control, but the Senate is not likely to change. The net result is almost certainly going to be entrenchment and gridlock, meaning that nothing is going to be done for the next two years.

It’s important to take a break from the description of People’s Economics to consider why this is likely the case, and why the repudiation of Trump will not be complete. The short answer is that while America would like to move ahead in a different direction, it simply has not been properly defined.

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Trade Deficits – Bad?

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The nearly permanent US trade deficit is getting a lot of attention. Surely, it’s a bad thing to send so much money outside the US when it could be providing jobs to American workers, yes? The problem largely goes without saying, and is never actually discussed.

But are trade deficits really that bad? As with most things in economics, the short answer is no but the long answer is yes. Let’s discuss.

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Fighting Back?

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Difficult time appear to cal for action, but they demand first and foremost character and judgment. Unfortunately, Sen Elizabeth Warren failed spectacularly at demonstrating both.

Her desire to take a new approach to countering bullying and nonsense in public discourse is understandable, but it takes a lot more than a cute gimmick. Worse, her inability to navigate the delicate issues of race and identity have demonstrated that Democratic leadership is still generally clueless about this topic and will continue to only make things worse.

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Destruction, Creative or ???

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In the area of foreign policy, is Trump just plain crazy, or crazy like a fox? Is this random flailing bent on isolating America, or is it creative destruction which tears up the old deal before dictating a new one?

Everyone in America has their opinion now. But so, too, do the leaders of foreign nations who have to deal with it. Europe seems to think that Trump is an idiot for smashing the old alliances, and that’s understandable. China, on the other hand, is much more wary that they are dealing with a more serious and permanent change.

There are very good reasons for this.

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Ya Gotta Laugh …

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There’s no way we’re gonna get through this without a few old-fashioned political jokes. It doesn’t matter what “it” is or what “getting through it” looks like to you. We gotta laugh. So I’ll start it off:

How many bloggers does it take to change a lightbulb? Um, whoever said that bloggers actually do something useful?

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