Obamney vs Robama: an Anarchic view of America's Economic and Political Duopoly!
Last night the two main contenders for US President debated issues
including tax policy, jobs, energy, and the national debt. During the
debate President Barack Obama proposed "the way we're going to create
jobs here is not just to change our tax code but also to double our
exports." But to whom, exactly, can we export? The Eurozone, the US's
largest trading partner, is contracting, and major emerging markets are
slowing down. On the other hand, Mitt Romney stated that, "On day one, I
will label China a currency manipulator." China is the largest foreign
customer for US debt; do we really want to start a trade war with China?
And where was the discussion of lobbying, of special interests and of
the favorable treatment for connected, too-big-to-fail firms? What about
a serious conversation that delves into how we may finally begin
slicing into the sacred cow of military spending and the major firms
that benefit from it? Perhaps when it comes to these issues, the
candidates are not very different; our guest, Joel Bowman, Managing
Editor for The Daily Reckoning, describes the candidates as "Obamney"
and "Robama." We talk to Joel Bowman about why he feels the two
candidates are not so different after all.
Plus, we often hear
about likely voters, but what about the non-voter class in the US?
Non-voters include those who are disillusioned by the lack of choice of
candidates. We hear from Joel Bowman of the Daily Reckoning about what
non-voters can do and why he thinks more Anarcho-capitalists are coming
out of the woodwork. He also takes issue with the popular expression of
the anarchist as a "molotov wielding hooligan."
And the economy
ranks as the most important issue among likely US voters, while
government ethics and corruption ranks third. Why was there no talk of
the Federal Reserve at last night's debate? After all, the FBI has been
busy investigating terror plots against the Fed itself, so one would
think that the vitriol alone would warrant a broaching of the subject in
the popular press. Also, where was the discussion of the too big to
fail banks? What about common sense regulation that isn't burdensome to
business or tailored for oligopolies? Lauren and Demetri examine the
major economic issues that have been missing from the debates in today's
"Loose Change." Source
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