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left vs right



September 25, 2010 – Comments (6)

We can speak about politics here to the extent that it affects economics. 

So I will not dwell much on the off-topic comparison of political differences between elephants and donkeys (basically, Republicans disgust me when they talk about religion, family, abortions, and stem cells, and Democrats disgust me as much when they talk about second amendment, urban planning, environment, and business regulation. Two forces are working in tandem to deprive you of your personal freedom: Religion and Bureaucracy). Let's just talk economics. 

The reason I'm neither left nor right is because the puppet master who set up the political stage has positioned donkeys and elephants almost ideally along the axis that runs perpendicular to that vector which points from Bad Economics to Good Economics. As far as I am concerned, the useful component of the net force is always zero. Let's examine several topics to see how perfectly the bad cop and the good cop have distributed their roles among themselves.


What's wanted: balanced budget

Democrats: Let's run a huge deficit by spending money on services we don't need.

Republicans: Let's run a huge deficit by spending money on tax cuts we don't need. 


What's wanted: trickle-up economics. 

Democrats: Let's supply millionaires with liquidity and the liquid will trickle down to you.

Republicans: Let's supply billionaires with liquidity and the liquid will trickle down to you.


What's wanted: number of vacancies that is equal to the size of the labor force.

Democrats: Let's print lots of brochures to convince the unemployed to accept jobs that don't exist.

Republicans: Let's cut off their UE benefits to convince them to find jobs that don't exist. 


What's wanted: predictably stable low prices of goods and assets.

Democrats: let's keep printing and let's tell them inflation is a good thing. 

Republicans: lead-painted Chinese toys have dropped in price recently. Inflation conquered!


What's wanted: don't inflate any. 

Democrats: We LOVE our bubbles.

Republicans: We HATE the bursting of our bubbles.


What's wanted: Houses at self-cost like any other commodity.

Democrats: We just made them pay 5 times self-cost...10 times...15 times...Hurrah! That's what we call growth!

Republicans: But it's so damn hard to mow that lawn. We want some reward for it. And the reward has to come from the government. Hey, government!


What's wanted: teach people skills they are actually going to need.

Democrats: Let's teach them skills they don't need!

Republicans: Let's not teach them skills they do need! 


What's wanted: Universal coverage at a low cost to the state.

Democrats: Let's make it mandatory! Problem solved! We can have HMOs rising prices unlimitedly, and STILL have universal coverage.

Republicans: Universal? That's a very bad idea. Where is the freedom to have your treatment denied by your HMO after having dutifully paid the premiums for 20 years? Leave it all to the market!

Government spending:

What's wanted: Stop wasting $700 Billion a year on imperialistic toys.

Democrats: Let's expand the Fed's balance sheet.. Then it won't even feel like spending OUR money.

Republicans: If we take away all your entitlements, we can keep spending $700 Billion a year on our war with Eastasia.


What's wanted: raise enough taxes to pay as much as you promised, and don't make empty promises in the future.

Democrats: Let's talk about hedonics to make a $1000 check look as if it were a $2000 check.

Republicans: Let's give the trust funds to Wall Street. They know how to manage them!

Tax System:

What's wanted: tax assets rather than income. 

Democrats: Let's tax income rather than assets.

Republicans: Let's NOT TAX assets rather than NOT TAX income. 

Well, so I have equal contempt for both parties. But it must be just me. The system has worked well for 240 years and anyway, we have the best democracy money can buy. These are wonderful policy alternatives that we offer, among which you will no doubt find the one that you like. So what are you waiting for, Comrade? Choose your Party! 




6 Comments – Post Your Own

#1) On September 25, 2010 at 11:03 AM, whereaminow (< 20) wrote:

Great blog. I got a real healthy chuckle out of the education one.  Here's a quick side story on the sheer nuttiness of education:

Recently, one of the Northeastern states (I forget which one) was forced to make budget cuts.  The school district decided that one of the programs to cut was classes for disadvantaged students (students with disabilities, pregnant teens, etc.)  To avoid an uproar, they did a very smart thing: they created a completely online course track for these students at a fraction of the cost.

Hey, but waddya know, the parents of the students on the regular track complained.  Is the diploma the online track kids receive the same as our kids?  The school district had to answer yes, since if they said no they would be admitting to discrimination! 

Next question, of course, why force the kids to go the classroom at all???

I'm working on a blog about this.  The classroom is dead. The future of education costs is $0.

David in Qatar

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#2) On September 25, 2010 at 2:44 PM, zymok (27.58) wrote:

Very amusing zloj.  +1

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#3) On September 26, 2010 at 12:08 AM, ChrisGraley (28.68) wrote:

very entertaining zloj!

I seemed to be attracted to the same education part as David. I'm drawn to it more because I believe that it is both crucial and overlooked. It's the biggest reason we are going to fail and the lack of education is the biggest reason that both sides can get away with most of the other shenanigans.

Everyone needs to be educated enough to understand why they are stupid. 

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#4) On September 26, 2010 at 12:29 AM, dragonLZ (88.28) wrote:

I usually don't read political posts here on CAPS, but I'm so glad I read this one. Great stuff.

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#5) On September 26, 2010 at 12:48 AM, Momentum21 (98.10) wrote:

Well done...I look forward to the banter on this one as well...

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#6) On September 26, 2010 at 5:32 AM, fmahnke (68.10) wrote:

Very Funny.  However, I don't know how this topic is adequately addressed without addressing the dems love of all things union.

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