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
Redefining Political Economy, Globalization & Business Models Consequent on Corona Virus Pandemics - 9th Apr 20
Plus500 Rreview - 9th Apr 20
Gold Price Closely Tracks Debt-to-GDP Ratio - 9th Apr 20
Gold, Silver and Rigged Market Socialism - 9th Apr 20
Going to School in Lockdown Britain, Dobcroft Sheffield - 9th Apr 20
Amazon Face Masks to Protect Against Covid-19 Viral Particles N95, FPP2, PM2.5, for Kids and Adults - 9th Apr 20
Is Natural Gas Price Ready For An April Rally? - 8th Apr 20
Market Predictions And The Business Implications - 8th Apr 20
When Will UK Coronavirus Crisis Imrpove - Infections and Deaths Trend Trajectory Analysis - 8th Apr 20
BBC Newsnight Focuses on Tory Leadership Whilst Boris Johnson Fights for his Life! - 8th Apr 20
The Big Short Guides us to What is Next for the Stock Market - 8th Apr 20
USD Index Sheds Light on the Upcoming Gold Move - 8th Apr 20
The Post CoronaVirus New Normal - 8th Apr 20
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

Market Oracle FREE Newsletter

Coronavirus-stocks-bear-market-2020-analysis

Pols, Pundits and Bear Trappers

Politics / US Politics Nov 10, 2014 - 10:22 AM GMT

By: Michael_T_Bucci

Politics

The mid-term election results in Americacan speak volumes if one only could hear the truth within the cacophony created by a hundred political pundits who mix moaning about low voter national turnout (lowest since WWII) with feigned "surprise" over GOP advances; pundits who never are at a loss for impressing the impressionable by mixing their stewardship with bewildering statistics, charts, graphs, demographic breakdowns; all of which, of course, leads pundits to issuing hearty expositions, predictions and projections of the future - a future based on their speculative punditry.


Punditry proves or disproves pet theories, validates pollsters, fills newsprint and air space, exaggerates the winners while further diminishing the losers. Punditry allows us to believe differences exist between the two political parties when they don't. Punditry reinforces our belief that we really have power over our government, its domestic and foreign policies (were you ever asked to vote on war and peace at any time in your life?). Punditry tells us what issues are important while excluding others. Pundits serve to help create our political reality and boundaries. Punditry is essential in placing before us a mirage of democracy instead of the real one threatened on all sides by voter disaffection; campaign funds stuffed by corporate, wealth-sector and K Street lobbyists; systematic exclusions of third party candidates, third party issues and, generally speaking, issues considered too sensitive in nature for (God forbid!) public discourse (war, peace, racism, rich/poor, NSA, drones, militarized police, Wall Street, the Fed, et. al.).

In U.S. mid-term elections nationally, we know how 36% of all eligible voters voted November 4, but we don't know why they endorsed one candidate or party over another, one issue over another, or why they chose to vote in the first place. More importantly, we don't know why 64% of nation-wide eligible voters stayed home. That question trumps all others and should lie at the heart of anyone's "punditry" for this season and the next.

In 2012, I penned an article titled, "Vote! Your democracy depends upon it." Days later a retired man and "Constitutionalist" argued that his protest against "government" was to abstain from voting. I urged that voting maintained the "institution". If we don't use it, we'll loose it! As a "Constitutionalist", he was undermining his own philosophy.

Did pundits explain why voter turnout by those 29 and under was dangerously low (roughly 13%)? If the future belongs to them, why are they boycotting elections? Trying to understand the mind-set of the "ME" generation, I queried Ron Paul youth and Occupy Wall Street youth. They are active, bright and very involved people who have energy and enthusiasm in common but are equally disenfranchised by the "establishment". The two-party system has effectively shuttered their right to be heard. They and other "out of the box" or "wing nut" types (labels given them) have no place at the table. And with little money to spend on political advertising, media ignores them. Consequently, voters do too.

Americans love money and, hence, love billionaires. How many pundits counted the hundreds of PAC and super PAC millions (totalling $3 billion) that was spent on both parties to gain proxy power for themselves and hence power over the electorate? Meanwhile some Detroit residents still go without water, which the UN cited as a humanitarian crisis. But a neighbor, a self-described "Confederate", argued these people didn't pay water bills and should get a job!" I replied, "In Detroit? Get a job where there are no jobs?" "Then they should move to a place where there are jobs," she quipped. Which brings me to Gov. Paul LePage and the state of Maine.

Voter turnout in Maine was considered very high against the national average. Indeed, it was exceptional being the highest voter turnout in the U.S at over 59%. But Maine pundits too scratched for answers, as one article that appeared November 5 at politico.com (a watering hole for uber-pols) by Colin Woodward, state and national affairs writer at the Portland Press Herald, demonstrates. Reminding a national readership of Gov. Paul LePage's infamous faux pas over the years and that Maine is a famously moderate state and LePage an extreme conservative, Woodward titled his front-page article, "How Did America's Craziest Governor Get Reelected?"

How on earth DID one of America's least popular and most divisive governors get reelected? Maine's ballot contained a referendum question on whether the state should ban the practice of baiting bears with donuts and other pastries (the ban was defeated). At the end of the politico.com article, Woodward, unintentionally perhaps, might have supplied the answer to why LePage won reelection. "The ballot measure [baiting bears] was defeated," he explained, "by some five points - about the same as LePage's margin of victory."

Maybe that explains why Mainers decided they haven't yet had enough of Paul LePage. Did bear baiters win it for him? Or do other pundits offer smarter theories? Or maybe no one really knows (except the bears).

But what I know for certain is this: if Woodward's hint by connecting the dots is correct, LePage bear baiters need to radically alter course. They need to start thanking the bears instead of shooting them.

By Michael T Bucci

Contact: mbucci@michaelbucci.com

(c) 2014 Michael T Bucci. All Rights reserved.

(Note: responses to emails might be delayed or not met.)

Michael T Bucci is a retired public relations executive from New Jersey presently residing in New England. His essays have appeared at The Market Oracle (UK). He is the author of nine books on practical spirituality including White Book: Cerithous.

© 2014 Copyright Michael T Bucci - 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