Common Sense Political Economics

"If you laid all of the (PhD) economists end to end, to tell you which way to go, they would look like the spokes of a wheel."

Harry Truman


 October 1, 2016

There was ONLY ONE REASON that Bush invaded Iraq, and that was/is to control all of the oil in the Middle East. And this made Bin Laden angry. But Bin Laden made a serious mistake in thinking we were also there to preach Christianity. This resulted in the creation of the Taliban.
ISIS is nothing more that the grandchild of Bin Laden, etc., and they will keep terrorizing us here and there until we completely leave their countries.

But there is a way out of this mess. We just need to go into a MASSIVE renewable energy program and make ourselves completely independent of Arab oil. The prestigious Lawrence Livermore Energy Lab. has said we can do it.

And one more thing, if we don’t admit to the younger generation of Arabs that it really was OIL and not RELIGION and APOLOGIZE to them for all of the death and destruction we caused, they will still continue to terrorize us forever, even after we leave.

There!! I said the unthinkable: APOLOGIZE. But if you stop and think about it, I am sure that sometime in your life somebody has mistreated you badly and when they finally apologized, you found it amazing how quickly you got over it.

The “falling out” that we are having in the Middle East for the last 14 years was caused by our (read Bush’s) pride.

And we all learn as we get older that it is true that
“Pride goeth before a fall.”

It’s past time that we swallow our pride (like we did in Viet Nam) and get the hell out of the Middle East too.

Wendell H. Williams
Former Democratic Nominee
U.S. Congress (CA 10)

This is a guest post from my good friend Mr. Geoffery DeWan of Boston and Los Angeles.

U.S. Suicide Rate Surges to a 30-Year High – The New York Times

From this article:
“But other experts pointed out that the unemployment rate had been declining in the latter period of the study, and questioned how important the economy was to suicide.”

I wonder what fatuous “other experts” the Times dug up to opine that “the unemployment rate had been declining in the latter period of the study”. This is a typical NYT ‘Shape of Earth, Opinions Vary’ meaningless statement. The rate has been declining exactly because those middle aged men who got outsourced, downsized and basically found they couldn’t find any work after several years of trying, simply gave up. Became what is described by the Bureau of Labor Statistics as “Discouraged Workers”. The suicide rate simply illuminates the real meaning of “discouraged”…

Someone like Lloyd Blankfein, far from “doing God’s work”, may yet live long enough himself to rue the day that he didn’t recognize the Sanders campaign for what it was- a last chance at a graceful transition from a disgraceful period in American history; when he and his cronies made $41 million taking the Central States pension fund to the cleaners, and the workers who had contributed honestly their entire working lives to lose a third to a half of the pensions they had planned and paid for:

How the Teamsters pension disappeared more quickly under Wall Street than the mob – MarketWatch The Mob are obviously rank amateurs compared to Goldman…

This scandal is the short and bitter trailer to the longer movie of what the Vampire Squid of Goldman Sachs (and indeed, the entire financial cabal that brought us 2008) has in mind when they speak of “reforming” Social Security.

As I said, the Sanders’ campaign was their last best hope of avoiding the pitchforks and torches which every day become more and more inevitable. It does leave one wondering what in the Hell the message was that Hillary was bringing to them in those speeches…

I know, I know, sophisticated progressives (both men and women) would say that they would not do that. But what they mean is that they wouldn’t CONSCIOUSLY do that. But I wonder to what degree progressives SUBconsciously still feel the need to help break “the glass ceiling” which has always kept women from rising to positions of real power. We don’t use the glass ceiling analogy when talking about Blacks, Hispanics, or Jews, etc., but it’s no different.

So if you have a tendency to want to vote for her to break the ceiling, please think about the fact that the ceiling has already been broken, never to be reconstructed. It was shattered in 2007, when a black AND a woman were the top candidates for president. There never had been a woman or a black person elevated to that status. So in a way, it should not matter whether Obama or Hillary won the primary, they both came so close to winning that in so doing broke the glass ceiling for minorities and women forever.

Furthermore, now we have a Jew and several Hispanic candidates having again broken the ceiling. Surveys show that the younger generation of Americans are even less prejudiced towards minorities and women that ever before. More and more women are now the CEO’s of large corporations.

So let’s forget about breaking the ceiling and just focus on who the the best candidate is regardless of gender, race, religion etc. It would be just as big a mistake to vote FOR a woman just because she’s a woman as it was in the past to vote AGAINST a woman just because she was a woman.


I am not recommending government ownership 0f the means of production. But I am recommending more regulation and control over the means of production as well as the financial industry.

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The conservatives have done a better job of changing the wording of political ideas to help sell them. For example, they have been calling the Estate Tax a “DeathTax” to help convince people to not support it.

Progressives must wise-up and do the same.
The purpose of the estate tax is to reduce the economic problem of the rich growing richer and the poor poorer.

The more money one has, the easier it is to make more money. This process feeds on itself. If it continues for several generations what we end with is an hereditary nobility or aristocracy.

Therefore, progressives should call it what it is,
and start labeling the estate tax as the


The tax does not even begin until the amount of the inheritance is greater than $5,340,000. Then the percentage slowly increases up to a maximum of 40% for billionaires.

Conservatives are fighting to abolish the tax completely.

We fought the American revolution to get away from the British aristocracy.
Let us not create our own hereditary nobility right here in America.

As a former business man, I am extremely passionate about finding ways to improve our current economic state. Americans know that something is very wrong with the kind of capitalism we have been practicing. They know that the rich are getting richer and the poor, poorer at an astonishing rate. Socialism used to be a “dirty word” but now more and more, capitalism is being seen that way. People are beginning to wonder why we worship at the altar of capitalism to the point that we just accept recessions and depressions as though they are a necessary by-product of capitalism.

We simply can do better than the kind of capitalism we have been practicing, which enriches the few at the expense of the many; and that trend is getting worse. There is a general feeling that America needs systemic change in our politics, the economy, and our collective consciousness. We seem to have swerved from the better angels of our nature. We are moving contrary to the long arc of human history which is slowly bending towards empathetic equality. And as John F. Kennedy said “If a free society cannot help the many who are poor, it cannot save the few that are rich.”

We can unify capitalism with the right kind of socialism.
If we do not do that, we may be headed towards some kind of a revolution!

Please feel free to look around, leave any comments and check back again for more common sense political economics.

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