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The Democratic presidential primary war kills the U.S. economy

Posted April 25, 2008

“The longer the Democratic Primary War continues, the greater the fallout for the U.S. market.” — Martin Hutchinson

by Martin Hutchinson

Baltimore – (TFN): In Tuesday’s Pennsylvania Democratic Presidential Primary, Sen. Hillary Rodham Clinton achieved the absolute bare minimum she needed to prolong her battle against Barack Obama. And she still had a slight hope of somehow squeaking through to land the party nomination.

But that’s not the real story here.

In view of the irresponsible and damaging economic promises that are emerging from both contenders, the already-wheezing U.S. economy may be about to cry for mercy from the relentless and prolonged assault. And the longer the Democratic Primary War continues, the greater the fallout for the U.S. market.

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We all understand the dynamics of U.S. presidential politics. In the primaries, contenders make promises designed to appeal to the most-committed, core supporters of their party. Republicans promise tax cuts so massive that they would immediately put the Federal budget into terminal collapse; they promise extra military programs; and they talk about a new batch of moral initiatives designed to make U.S. teenagers straighten up - once and for all.

Democrats, on the other hand, promise an impenetrable wall against foreigners taking away high-paying union jobs; plus social programs designed to rescue anybody suffering financial or emotional difficulties; and a spectacular new environmental assault against multinational corporations that will return the entire planet to room temperature.

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Only the most simple-minded voters take these pledges seriously. The problem is that once the candidate is elected, some percentage of their campaign “promises” will need to be put into effect - presumably in order to reassure voters about the high integrity of politicians. Make 10 pledges, you can get away with implementing two; make 50, and you will have to implement at least seven or eight, if not 10. Read on to learn more.

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Posted by Martin Hutchinson · Filed Under Politics 

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