history, historiography, politics, current events

Friday, September 19, 2008

I May Sound like an Elitist, but That's because I Am!


The voice of the people has been said to be the voice of God; and, however generally this maxim has been quoted and believed, it is not true to fact. The people are turbulent and changing, they seldom judge or determine right.
~ Alexander Hamilton

Although I fall in favor of Jeffersonian thought (limited government, no national debt, local representation, and the independence of the individual from the will of the government), it is impossible to ignore the power and reasoning of the Federalists. Look at the Federalist state between 1787 and 1800 and you will see a state devoted to two things: (1) the division of power out of the hands of the demos [one might say gelding America's raucous democratic spirit], and (2) expanding the government to better run the nation. Although the Federalists and i disagree over the role of the central government, Hamilton and Jefferson certainly agreed about one thing--the need to limit democracy.

"Hold on a second," you may say to yourself. "Is this man really calling for the limiting of democracy?" In a word: Absolutely. The electorate is bloated and saggy (kind of like the state itself). Trim the fat. Cut the excess. Do you believe that people who cannot read should have the right to vote? Do you honestly believe that the infirm and those labeled clinically insane (but not insane enough to be deemed incompetent) should choose our elected officials? Or one better, do people who do not pay property taxes (renters, those living in low income housing, etc.) decide to what ends taxs should be spent? In all honsety, i believe the electorate needs to be cut down to an appropiate size, with certin key factors:
  1. Must own property or working toward that goal (includes home, condo's, rent-to-own, etc.)
  2. Must be literate, to a 5th grade level
  3. Must know basic American politics, i.e. who the president is, who the vice president is, and be able to name at least one represenative from their state
  4. Must be a taxpayer in good standing
  5. Must do all of these things in English
I do not believe that these are unreasonable voting requirements. However i believe it is necessary because of the tenuous situation of our current economy and political system.

The Galup Poll reported today that 79% of American's believe that America's economy is getting worse, with a startling 81% of Americans have a negative consumser outlook (confidence). Furthermore, Gallup synthesizes that the negtive view of the economy has increased Obama's lead over McCain's by 5 points. This data shines light on the negative press recieved by John McCain for his comments made August 20--"The fundmentals of our eocnomy are strong." Taking major heat for these comments, the liberal attacks on John McCain proves the ignorence of the American people and their blind faith in the media and its liberal talking points.

Here is a quick economy lesson for the American people. 73% of Obama supporters believe that America is headed toward, or currently in, a depression. First of all, this shows the ignorence of the laity of what exactly "recession" and "depression" entail. A recession, by definition, is two consecutive quarters of negitve earnings. In fact, in the first qaurter this year, America expierenced growth--0.3%. Although this is not significant, this is still growth. Furthermor, in the second quarter, American expierenced 3.3% growth. GROWTH! CAN YOU HEAR ME! GROWTH! Thus, the common Obama suporter is doubly wrong about the shape of our economy. Furthermore, those who believe we are in a depression should look up the definition. To be in depression, the national growth must be negative 10%. Although McCain might not know much about the economy, his constituency sure does--53% believing that American is growing, but slowly. (For those of you who believe we are in a recession/depression, here is a good sight to cure your ignorance--click here)

The second important economic lesson is the difference between variable resources and fixed resources. Variable resources include labor, land, fluid capital. Fixed resources include factories, machines, trucks, etc. In short-run economic systems (most of the systems of production), one must keep the cost of the variable resources down, to build a profit to pay for fixed resources. Thus, as fluid capital is restricted (i.e. money gets tied up), it becomes necessary to reduce variable resources (i.e. cut jobs). But follow me here, capital is restricted because its value drops; its vaule drops because confidence in the markets drops; confidence is an indivudal factor, so those who promote a fatalistic economic persepctiv (i.e. "The Sky Is Falling," this will be "worse than the great depression!") promote the restirction of capital and the decline of variable resources (i.e. labor, or jobs).

So i ask you, newly informed public--who is responsible for America's tenuious economic position. Becuase our money is not backed by an actual standard--to promtoe fluidity of the markets--the entire economic system is based on consumer opnion. Thus, when we have political pundants who calim that the sky is falling and only the government can save us, i ask, who are the real fear mongers? And they have the gaul to criticize the fundmentals of ou economy. The economy may be stagnant but the fundmentals (i.e. the fixed resources and economic systems like a fluid capital structure and "free" trade) are strong.

Americans, i beseach you, i recognize that my view of minimizing the electorate is an impossible dream. To many politicans and Washington lobbyists growth wealthy and fat off the ignorance of the American people. So i aks, fufill your democratic expectations, expectation that derive from the very foundations of this country:
  1. Own your own land
  2. Pay your taxes
  3. Be educated
  4. Know whats going on
I still distrust you America, but you are all i have!

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