Forum Post: Polarizing Romney Presidency not surprising, Global Power Shift, rise of Consumer Class, and Romney Socialism Predicted
Posted 7 months ago on Oct. 4, 2012, 6:16 a.m. EST by Middleaged
This content is user submitted and not an official statement
Here are my predictions of what would happen in Romeny Presidency (No surprises really):
A) Tax Holiday for Off-Shore Profits.
B) More Oil and Natural Gas Subsidies, More Federal lands given to Energy Developement, More Fracking, Good Profits in the Energy Corporations. Easing of restrictions on Coal.
C) No change in US Policy on China or Global Imports & Exports.
D) Romney might try to help some older US Industry that has been on hard times, like Rail Roads, Steel, High Tech Manufacturing, communications, satelites.
E) Military Spending Increase eventhough we need it like a hole in the head (This was a Ronald Reagan Tenet and Reagan wanted to increase the US GDP by leveraging DOD spending).
F) US will be clear world military leader for the next 4 years only since China has developed technology to shoot down satelites, cut off our communications, penetrate our shores, and move into space.
G) Financial Integrity of Pensioners, Depenents, and the Middle Class will continue to be undercut and sabatoged by a newly established "US Business Class" who also "Run" the economy, the federal government, and the Consumer Class. H) The US Consumer Class will live a life further complicated by contracts, long term obligations, and debt.
I) The US Middle Class will no longer recognize or relate to itself as a class below wealthy. Most US people will consider themselves part of the Consumer Class, will have taken business and financial classes of some sort, rising number of family homes will have multiple generations or renter/boarders, more elderly will be dependent on working consumer class families.
J) China will increase economic power, use of resources, and military power, resulting in further US investment in Asia and military build up. This also means bigger embassies in Asia and larger US State Department.
K) US Federal Budget is already so large and muddled up, the onlly thing more confusing is US Foriegn Policy and US Military Policy.
L) In view of Huge US Federal Budget without focus, the Federal government will eclipse not only all US State Governments, but also all US Corporations. The inefficiencies of the Federal government will begin to show itself in systemic and regulatory failures each year actually getting dangerous within 10 years or so. US Federal Funding will become famous for disappearing.
M) US Systemic complexity in broad terms will be out of control. The federal government is involved in 10,000s of different functions and 10,000s of different systems. Eventually US State systems will become subservient to and give over responsibility to Federal Systems to prevent future crashes and conflicts.
N) If Mitt Romney is Elected to a first and second term as US President he will be forced to oversee nationalization (socialism) of State Systems of some sort... be they maritime, transportation, warehouse, food, energy, water, financial, pensions, medicaid, worker compensation, state credit or debt, bancrupcy, medical, hospital, health, municipal bonds, municpal funding, state eduation, or state universities, farming, agriculture, etc.
O) Sure the US will nationalize (Socialism) more complex systems especially as they relate to security, but they could be contracted out to corporations like AT&T, banks, credit agencies, or whatever.
So in the End President Mitt Romney will become Known as one of the biggest Socialist Presidents in the US History. He has no choice as the world progresses and as trends continue forward.
WHO IS MITT ROMNEY
ROMNEY has worked at the top level, but he misses somethings that everyday people that have small budgets have to deal with. Most people when they are elderly won't be able to buy private health care. But Romeny also probably doesn't know how systems fit together, how computer talk, how vulverable municipalities are, how state governments can't create money or profit, how everyone does their own thing in their own world in a separate hierarchy, and how China and other world governments are impossible to control.
Of course most politicians refuse or never learned any lessons from the biggest events of US History. What can we conclude based on the many Crisis our government has created since we went to Vietnam??
A) Vietnam War corrupted the land in Cambodia, Thailand, and Vietnam and destroyed countless lives. And we got nothing for it.
B) Watergate, Presidential Corruption, Spying on political opponents, Misuse of the CIA for Politican gain, resulting in congressional oversight of the CIA. And we got nothing for it.
C) Savings and Loan Scandal, 1000 people prosecuted, banks put into receiverships to dispose of their assets, corruption arose out of lax regulation and oversight in banking. And we got nothing for it.
D) Keating Five Scandal, 5 congressmen attempted to cover up crime of financier Keating. And we got nothing for it.
E) President Ronald Reagan was the first of Republican presidents to run huge deficit spending, first time US deficit was over $1 Trillion dollars. And we got nothing for it.
F) President G. W. Bush took a balanced budget from Bill Clinton and left office with a total US Deficit over $10 trillion dollars. And we got nothing for it.
G) We went to war in Iraq. Untold human misery, billions of dollars missing, employed mercenarys, employed torture. And we got nothing for it.
H) We went to war in Afghanistan knowing it was Guerilla fighting, knowing the Russians had not succeeded, knowing the Russians budget finally colapsed, we continued the war for 10 years employing the most expensive logistics the world has ever seen. And we got nothing for it.
I) Actually we have Military bases and stations left over from WWII and the Korean Conflict. And we got nothing for it.
J) Actually we haven't declared War since WWII eventhough our constitution requires this and intended this, at least 6 un-declared US Wars since WWII. And we got nothing for it.
K) And we haven't passed a US Federal Budget through a normal federal budget process for over what 1500 days?? And we got nothing for it.
L) Last I heard US Investors lost $2 Trillion dollars in the last Financial Crisis, the crisis was caused by deregulation, repeal of Glass-Steagal Act, Regulation Capture, Revolving Door between government and industry, gross negligence of the Federal Reserve, and gross negligence of the US Treasury, and abdication of Federal Regulatory Bodies and political influence in the department of Justic and possibly in the FBI, there is currently $600 Trillion dollars of financial derivitives creating huge systemic risk in global financial markets, the Federal Reserve has lent out $16 Trillion of US Dollars to fix global banks, EU Economy is still reeling, the US is going into QE3, and there is no change in direction from the Federal Government and the Federal Budget since at least 1998. And we got nothing for it.
M) US DOD Budget, Medicare, Social Security are all huge budgets of $700 Billion or more. We can't cut SS, but we could try to control costs of the other two huge systems. Last check the US Federal Budget was about $2.5 Trillion Dollars a year.
N) In general there is no discipline in keeping federal budget Line Items from growing. The powers at the top are increasing each budget line item by 25% every year (except for Job Training).
O) Mitt Romney is taking over an Economy that has been stimulated by the Federal government Spending Increases of 25% each year since 1998.
P) The conclusion is the US is stimulating it's economy through government spending and war spending and military spending since Ronald Reagan, 1981.
A Romney Economy WILL BE based on Deregulation, 40 year old Neoliberal policies, Resource Production, Capitalism, Military Spending, 60 Year Old Foriegn Policy, 40 Year old Military Strategy, NO Domestic Policy at all, and NO Long Term Strategic Plan for the US .........other than bring down wages, ...reduce union power, ...reduce safety requirement, ...reduce environmental requirements, ...keep borders open to bring in low wage workers, ...protect your buddies that help finance the government and investment, ...keep relationships with regulators in good standing, ...keep our guys in the Treasury, Federal Reserve Positions, FDIC, FSOC (Financial Stability Oversight Counsel), and SEC, ...Keep investigative reporting away from our offices, ...Don't answer questions from smart guys, ...Don't give details in any speach or press conference, ...don't count the number of dead enemy or civilian or allies, ...We control the narrative and we say what is true and what is not True, ...