Best of the Week
Most Popular
1. US Housing Market House Prices Bull Market Trend Current State - Nadeem_Walayat
2.Gold and Silver End of Week Technical, CoT and Fundamental Status - Gary_Tanashian
3.Stock Market Dow Trend Forecast - April Update - Nadeem_Walayat
4.When Will the Stock Market’s Rally Stop? - Troy_Bombardia
5.Russia and China Intend to Drain the West of Its Gold - MoneyMetals
6.BAIDU (BIDU) - Top 10 Artificial Intelligence Stocks Investing To Profit from AI Mega-trend - Nadeem_Walayat
7.Stop Feeding the Chinese Empire - ‘Belt and Road’ Trojan Horse - Richard_Mills
8.Stock Market US China Trade War Panic! Trend Forecast May 2019 Update - Nadeem_Walayat
9.US China Trade Impasse Threatens US Lithium, Rare Earth Imports - Richard_Mills
10.How to Invest in AI Stocks to Profit from the Machine Intelligence Mega-trend - Nadeem_Walayat
Last 7 days
Gold Golden 'Moment of Truth' Is Upon Us: $1,400-Plus or Not? - 18th June 19
Exceptional Times for Gold Warrant Special Attention - 18th June 19
The Stock Market Has Gone Nowhere and Volume is Low. What’s Next - 18th June 19
Silver Long-Term Trend Analysis - 18th June 19
IBM - Watson Deep Learning - AI Stocks Investing - Video - 18th June 19
Investors are Confident, Bullish and Buying Stocks, but… - 18th June 19
Gold and Silver Reversals – Impossible Not to Notice - 18th June 19
S&P 500 Stuck at 2,900, Still No Clear Direction - 17th June 19
Is Boris set to be the next Conservation leader? - 17th June 19
Clock’s Ticking on Your Chance to Profit from the Yield Curve Inversion - 17th June 19
Stock Market Rally Faltering? - 17th June 19
Johnson Vs Gove Tory Leadership Contest Grudge Match Betfair Betting - 17th June 19
Nasdaq Stock Index Prediction System Is Telling Us A Very Different Story - 17th June 19
King Dollar Rides Higher Creating Pressures On Foreign Economies - 17th June 19
Land Rover Discovery Sport Tailgate Not Working Problems Fix (70) - 17th June 19
Stock Market Outlook: is the S&P today just like 2007 or 2016? - 17th June 19
US China War - Thucydides Trap and gold - 16th June 19
Gold Stocks Bull Upleg Mounting - 16th June 19
Gold Price Seasonal Trend Analysis - Video - 16th June 19
Fethiye Market Fruit, Veg, Spices and Turkish Delight Tourist Shopping - 16th June 19
US Dollar Gold Trend Analysis - 15th June 19
Gold Stocks “Launch” is in Line With Fundamentals - 15th June 19
The Rise of Silver and Major Economic Decline - 15th June 19
Fire Insurance Claims: What Are the Things a Fire Claim Adjuster Does? - 15th June 19
How To Find A Trustworthy Casino? - 15th June 19
Boris Johnson Vs Michael Gove Tory Leadership Grudge Match - Video - 14th June 19
Gold and Silver, Precious Metals: T-Minus 3 Seconds To Liftoff! - 14th June 19
Silver Investing Trend Analysis - Video - 14th June 19
The American Dream Is Alive and Well - in China - 14th June 19
Keeping the Online Gaming Industry in Line - 14th June 19
How Acquisitions Affect Global Stocks - 14th June 19
Please Don’t Buy the Dip in Nvidia or Other Chip Stocks - 14th June 19
A Big Thing in Investor Education is Explainer Videos - 14th June 19
IRAN - The Next American War - 13th June 19
Boris Johnson Vs Michael Gove Tory Leadership Grudge Match Contest - 13th June 19
Top Best VPN Services You Can Choose For Your iPhone - 13th June 19
Tory Leadership Contest Betting Markets Forecast - Betfair - 13th June 19
US Stock Market Setting Up A Pennant Formation - 13th June 19
Which Stocks Will Lead The Cannabis Rebound? - 13th June 19
The Privatization of US Indo-Pacific Vision - Project 2049, Armitage, Budget Ploys and Taiwan Nexus - 12th June 19
Gold Price Breaks to the Upside - 12th June 19
Top Publicly Traded Casino Company Stocks for 2019 - 12th June 19
Silver Investing Trend Analysis - 12th June 19
Why Blue-Chip Dividend Stocks Aren’t as Safe as You Think - 12th June 19
Technical Analysis Shows Aug/Sept Stock Market Top Pattern Should Form - 12th June 19
FTSE 100: A Top European Index - 12th June 19
Gold Surprise! - 11th June 19
How Forex Indicators are Getting Even More Attention in the Market? - 11th June 19
Stock Market Storm Clouds on the Horizon - 11th June 19
Is Your Financial Security Based On A Double Aberration? - 11th June 19
What If Stocks Are Wrong About Interest Rate Cuts? - 11th June 19
US House Prices Yield Curve, Debt, QE4EVER! - 11th June 19
Natural Gas Moves Into Basing Zone - 11th June 19
U.S. Dollar Stall is Good for Commodities - 11th June 19
Fed Running Out of Time and Conventional Weapons - 11th June 19
Trade Wars Propelling Stock Markets to New Highs - 11th June 19
Best Travel Bags for Summer Holidays 2019, Back Sling packs, water proof, money belt, tactical - 11th June 19

Market Oracle FREE Newsletter

Gold Price Trend Forecast Summer 2019

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