Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
US Coronavirus Trend Trajectory Forecast Current State - 7th Apr 20
Boris Johnson Fighting for his Life In Intensive Care - UK Coronavirus Crisis - 7th Apr 20
Precious Metals Are About To Reset Like In 2008 – Gold Bugs, Buckle Up! - 7th Apr 20
Crude Oil's 2020 Crash: See What Helped (Some) Traders Pivot Just in Time - 7th Apr 20
Was the Fed Just Nationalized? - 7th Apr 20
Gold & Silver Mines Closed as Physical Silver Becomes “Most Undervalued Asset” - 7th Apr 20
US Coronavirus Blacktop Politics - 7th Apr 20
Coronavirus is America's "Pearl Harbour" Moment, There Will be a Reckoning With China - 6th Apr 20
Coronavirus Crisis Exposes Consequences of Fed Policy: Americans Have No Savings - 6th Apr 20
The Stock Market Is Not a Magic Money Machine - 6th Apr 20
Gold Stocks Crash, V-Bounce! - 6th Apr 20
How Can Writing Business Essay Help You In Business Analytics Skills - 6th Apr 20
PAYPAL WARNING - Your Stimulus Funds Are at Risk of Being Frozen for 6 Months! - 5th Apr 20
Stocks Hanging By the Fingernails? - 5th Apr 20
US Federal Budget Deficits: To $30 Trillion and Beyond - 5th Apr 20
The Lucrative Profitability Of A Move To Negative Interest Rates - Pandemic Edition - 5th Apr 20
Visa Denials: How to avoid it and what to do if your Visa is denied? - 5th Apr 20 - Uday Tank
WARNING PAYPAL Making a Grab for US $1200 Stimulus Payments - 4th Apr 20
US COVID-19 Death Toll Higher Than China’s Now. Will Gold Rally? - 4th Apr 20
Concerned That Asia Could Blow A Hole In Future Economic Recovery - 4th Apr 20
Bracing for Europe’s Coronavirus Contractionand Debt Crisis - 4th Apr 20
Stocks: When Grass Looks Greener on the Other Side of the ... Pond - 3rd Apr 20
How the C-Factor Could Decimate 2020 Global Gold and Silver Production - 3rd Apr 20
US Between Scylla and Charybdis Covid-19 - 3rd Apr 20
Covid19 What's Your Risk of Death Analysis by Age, Gender, Comorbidities and BMI - 3rd Apr 20
US Coronavirus Infections & Deaths Trend Trajectory - How Bad Will it Get? - 2nd Apr 20
Silver Looks Bearish Short to Medium Term - 2nd Apr 20
Mickey Fulp: 'Never Let a Good Crisis Go to Waste' - 2nd Apr 20
Stock Market Selloff Structure Explained – Fibonacci On Deck - 2nd Apr 20
COVID-19 FINANCIAL LOCKDOWN: Can PAYPAL Be Trusted to Handle US $1200 Stimulus Payments? - 2nd Apr 20
Day in the Life of Coronavirus LOCKDOWN - Sheffield, UK - 2nd Apr 20
UK Coronavirus Infections and Deaths Trend Trajectory - Deviation Against Forecast - 1st Apr 20
Huge Unemployment Is Coming. Will It Push Gold Prices Up? - 1st Apr 20
Gold Powerful 2008 Lessons That Apply Today - 1st Apr 20
US Coronavirus Infections and Deaths Projections Trend Forecast - Video - 1st Apr 20
From Global Virus Acceleration to Global Debt Explosion - 1st Apr 20
UK Supermarkets Coronavirus Panic Buying Before Lock Down - Tesco Empty Shelves - 1st Apr 20
Gold From a Failed Breakout to a Failed Breakdown - 1st Apr 20
P FOR PANDEMIC - 1st Apr 20
The Past Stock Market Week Was More Important Than You May Understand - 31st Mar 20
Coronavirus - No, You Do Not Hear the Fat Lady Warming Up - 31st Mar 20
Life, Religions, Business, Globalization & Information Technology In The Post-Corona Pandemics Age - 31st Mar 20
Three Charts Every Stock Market Trader and Investor Must See - 31st Mar 20
Coronavirus Stocks Bear Market Trend Forecast - Video - 31st Mar 20
Coronavirus Dow Stocks Bear Market Into End April 2020 Trend Forecast - 31st Mar 20
Is it better to have a loan or credit card debt when applying for a mortgage? - 31st Mar 20
US and UK Coronavirus Trend Trajectories vs Bear Market and AI Stocks Sector - 30th Mar 20
Are Gold and Silver Mirroring 1999 to 2011 Again? - 30th Mar 20
Stock Market Next Cycle Low 7th April - 30th Mar 20
United States Coronavirus Infections and Deaths Trend Forecasts Into End April 2020 - 29th Mar 20
Some Positives in a Virus Wracked World - 29th Mar 20
Expert Tips to Save on Your Business’s Office Supply Purchases - 29th Mar 20
An Investment in Life - 29th Mar 20
Sheffield Coronavirus Pandemic Infections and Deaths Forecast - 29th Mar 20

Market Oracle FREE Newsletter

Coronavirus-stocks-bear-market-2020-analysis

Why America is Ungovernable - The Republicans’ Civil War

Politics / US Politics Aug 11, 2014 - 12:03 PM GMT

By: John_Rubino

Politics

Back when the republican party was actually the party of small government it was possible for country club moderates (white guys and their trophy wives who love the status quo and want to preserve the tax breaks that make it possible), Christian conservatives (who want the bible to be the template for the US legal system) and libertarians (who want a limited government that exists almost solely to protect property rights and individual freedoms) to coexist. While disagreeing on some major issues like abortion and foreign affairs, they could unite on taxes, regulation, school choice and enough else to hold the party together.


But gradually, the easy money flowing from the fiat currency/money center bank nexus has corrupted the country club republicans by coaxing them into a “governing coalition” with moderate democrats. This “political class” is all about perpetuating its own power, and the meaningless elections it oversees are just about the opposite of what Ronald Reagan (the last national leader to unite the party’s three main branches) had in mind when he promised to “never speak ill of another republican.”

Now the GOP is splintering, as libertarians and some fundamentalists give up on working within the current structure — and as a result stop self-censoring in the interest of party unity. Michigan libertarian congressman Justin Amash is a case in point. After being targeted by country club republicans in the party’s recent primary — and after winning easily — he was anything but magnanimous.

This alone — a politician honestly expressing his feelings for his opponents — is interesting enough. But what’s really fascinating is the reaction from the various parts of the political spectrum. The Washington Post, for instance, seems bemused:

Justin Amash’s absolutely amazing victory speech

Politicians who win campaigns, no matter how dirty, will almost always kiss and make up with their political opponents in their election-night speeches.

Rep. Justin Amash (R-Mich.), of course, is not your average politician.

After defeating a Chamber of Commerce-backed candidate in his primary by 14 percentage points on Tuesday, the Ron Paul ally set about settling a few scores.

Former congressman Pete Hoekstra (R-Mich.), who backed challenger Brian Ellis? “You are a disgrace. And I’m glad we could hand you one more loss before you fade into total obscurity and irrelevance.” (Hoekstra lost the state’s 2012 Senate race — and in the 2010 gubernatorial primary.)

Ellis? “You owe my family and this community an apology for your disgusting, despicable smear campaign. You had the audacity to try and call me today after running a campaign that was called the nastiest in the country. I ran for office to stop people like you.”

Ellis in one ad referred to a quote from Rep. Devin Nunes (R-Calif.), who labeled Amash “Al Qaeda’s best friend in Congress.”

In a later TV interview, Amash said: “I’m an Arab-American, and he has the audacity to say I’m al-Qaeda’s best friend in Congress? That’s pretty disgusting.”

Here’s the video of Amash’s speech, courtesy of WXMI-TV. The operative part starts about halfway in.

Amash 2014

Lightweight left-wing website Salon, meanwhile, posted pretty much the same neutral article but with a very different headline:

Tea Party nut’s telling tantrum: What Justin Amash’s victory speech revealed about GOP

At the other end of the spectrum, the libertarian news organization Liberty Crier’s headline had an “it’s about time” call for more such honesty:

Watching Justin Amash’s Amazingly Uncivil Victory Speech Might Make You Care About Politics Again

What to make of all this? The republican party as it existed in Reagan’s day is over. Libertarians like Amash can’t abide “RINO” (republican in name only) leadership any longer and have decided to go their own way in terms of both policy and rhetoric. So they’re finally calling the hacks and careerists by name. For libertarians and their fans this will be, well, liberating.

But the near-term beneficiaries are obviously the democrats, who don’t have the same internal divisions: Pretty much all democrats are in favor of social freedom and government control of the economy, so it’s easy for them to unite behind flawed-but-generally-liberal candidates. They will as a result win a lot of national elections, and when republicans do win it will be because democrats in power have screwed up in some obvious and unforgivable way.

In those relatively rare shots at national power, the republicans will have to form European-style coalition governments including the same three groups that used to comprise the party. Because each faction will be able to demand tangible policy concessions as the price of joining, they might feel better respected than they do now.

This, however, is not a fix. Only when the fiat currency stops flowing will the political class lose its current power to buy elections. But at least the discourse from here on out will be a lot more fun.

By John Rubino

dollarcollapse.com

Copyright 2014 © John Rubino - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules