A look at the likely foreign and domestic policies of HRC

Summary: Now that Campaign 2016 has collapsed into a circus, a spectacle to maximize the news media’s profits and entertain America’s Outer Party (professionals, managers, & small businesspeople) — let’s look ahead to the Hillary Clinton administration. Our pundits predict it will be a continuation of the Bill and Obama show. As usual, they’re probably wrong.

Hillary Clinton

Forecasting the deeds of candidates if elected requires humility. The campaign — their words and position papers — mean little or nothing. FDR ran to the right of Herbert Hoover, denouncing his deficits. LBJ ran as a peace candidate in 1964, while his generals were planning to escalate the Vietnam War. Even their record gives few clues to their behavior once holding power. Here are my guesses about the broad nature of her foreign and domestic policies, guesses which I give you with strong confidence.

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The best response to Campaign 2016: anger

Summary: Campaign 2016 shows the result of our apathy and passivity: two horrific candidates. The solution is simple. We have the political machinery bequeathed us, idle but still powerful. We know our peril as the Republic dies. We need only find the spark within ourselves that will produce action. Anger can help.

“Anger is easy. Anger at the right person, at the right time, for the right reason, is difficult.”
— Aristotle, in the Nicomachean Ethics, book IV, chapter 5 (slightly paraphrased).

“Telemachus, now is the time to be angry.”
— Odysseus. From the “The Odyssey” (film, 1997).

Danger: Angry American

Our political leaders — both parties — flagrantly cuckold us, flaunting their allegiance to the 1% without even attempting to conceal it. We react to this ugly truth in a commonplace fashion, with the dreamtime (to use Wolfgang Schivelbusch’s concept). We pretend not to see. We pretend not to care. We tell ourselves that it doesn’t matter. We pretend amnesia, as if we don’t remember.

Just as spouses drift away from each other once their trust is broken, we less often work the political machinery of the Republic — not even voting. We have less confidence in its institutions and leaders. This response makes disaster more likely to happen.

There is another path. We can get angry. It’s not a solution, but a necessary first step to motivating Americans to become politically active. Appeals to logic and theory are insufficient. Anger is the key to arouse passion, and passion unlocks resources — people’s  time and money.

The by-now obvious construction of a New America on the ruins of the old provides ample sparks to arouse anger. The bank bailouts rightly aroused anger that led to the Tea Party Movement. There is the diversion of Federal, State, and local tax dollars to the 1%, and their harvesting of the fruits of America’s fantastic productivity. There are a thousand other reasons for anger. You can list them.

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The secret but vital to know number in today’s economic news

Summary: Economists get excited about aggregate GDP (today’s hot economic news dot). People — you, me, our neighbors — care about per capita GDP. GDP that grows along with the population does nothing for our standard of living, (and less than nothing if the 1% cream off most of it). It is important to us, so journalists ignore it (hence the newsroom layoffs).

Slow Economic Growth

The economy has recovered since the crash (the doomsters saying otherwise are, as usual, wrong). But the stories about the wonderful economy are also bogus. Per capita real GDP has grown a total of 3.4% since its previous peak in Q4 of 2007 — only 0.4% per year (which is also its YoY growth in Q2 2016). This is secular stagnation. The causes are only somewhat understood; economists have only guesses as to its cure (as usual, delusionally confident guesses).

Growing at 1% – 2% per year since the crash. Slowing fast since 2014.

Growth of US Per Capita Real GDP since the recession - Q2 2016

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