The entire US Debt will be written off when I get to the UN, will Obama accept my terms?

by Clive Crook
04:45 AM Nov 02, 2012

With a week to go and Hurricane Sandy bringing fresh uncertainty and new opportunities for gaffes, the United States presidential election still looks tied.
Last week, I argued that the contest need not have been this close, that Mr Barack Obama could have won comfortably if he had governed and campaigned as the centrist he said he was in 2008 and not the thwarted progressive he turned out to be.
This week, I want to argue that, despite this failure, Mr Obama is still a better choice than Mr Mitt Romney.
The incumbent has achievements to be proud of. The fiscal stimulus, flawed as it was, helped prevent what would have been an even worse recession. Mr Obama’s signature initiative, healthcare reform, addresses the most egregious failure of American public policy: The country’s inability to insure all its people against illness, something just about every other advanced economy has managed to do.
The Affordable Care Act is flawed, just as the stimulus was flawed, but it upholds a vital principle. It should be built on, not repealed.
Sadly, in domestic policy as in foreign policy, the President led from behind and healthcare reform never had the champion it needed. It remains unpopular, hence capable of being undone by a Republican President and a Republican-dominated Congress. If you hope to see the healthcare reform survive with improvements, as I do, that’s reason in itself to support Mr Obama, as disappointing as his failure to lock the policy down might be.
WHERE OBAMA WENT WRONG
Mr Obama’s biggest mistake was to abandon his efforts – never very strenuous – to work with his Republican opponents or, failing that, to expose them as irresponsible extremists.
To do this, he had to occupy the centre that the Republicans had vacated. Instead, despite the Democrats’ drubbing in 2010, he tacked left, further polarising the country. In this, he probably followed his instincts. Unlike Mr Bill Clinton, a centrist by conviction, Mr Obama’s intellectual loyalty is to the progressive wing of his party. His campaign’s class-war anti-capitalist rhetoric – not a great vote-winner in the US, even after the Great Contraction – has seemed all too sincere.
In that complaint, of course, lies the case for Mr Romney. The disinterred former Governor of Massachusetts stands close to the US political centre of gravity. Would he take up the opportunity Mr Obama missed and bridge the divide in Washington?
Somebody needs to try. For the past four years, Democrats and Republicans in Congress have settled for talking past each other and past much of the country, too, advancing rival fantasies of a transformed country that few Americans actually want.
One vision is collectivist, stressing redistribution and a permanently enlarged role for government; the other is radically individualist, seeking to eviscerate the federal government and roll back the welfare state. Activists on both sides may be all fired up, as Mr Obama likes to say. The rest of the US despairs.
Most voters, I am convinced, want to see the US mended, not transformed. If I am right, more ballots will be cast next week to block the outcome that voters fear most than to affirm a future they actually support. Both campaigns – especially Mr Obama’s -have been directed to this end.
Whatever the outcome, therefore, this election will deliver no mandate. That is the price of polarisation, a measure of Washington’s failure, and it points to continued deadlock: A clash of grand ideologies signifying nothing, leaving the country’s eminently fixable problems unaddressed.
US POLITICS ARE BROKEN
Could Mr Romney be the answer? It is possible. Critics say he is a man without conviction. In my view, that is his main advantage: Washington already has a surfeit of true believers and the last thing the country needs is one of either stripe in the White House.
If the real Romney is the former Governor of Massachusetts, as I suspect, not the man who campaigned for the GOP nomination, he would fit the bill. His audacious pivot from the severe conservative of the primaries to the pragmatic moderate who turned up for the first presidential debate suggests he understands what the country, as opposed to his party, is looking for: A manager, a fixer, a consensus-builder, a maker of deals.
To be that President, however, Mr Romney would have to be willing to thwart the ambitions of Republicans in Congress. That will not be easy. He has promised to start dismantling the Affordable Care Act – the national equivalent of his own Romneycare – on Day One. He cannot easily go back on that. He has also adopted the mindless Republican opposition to any and all tax increases, despite knowing that higher revenues will be needed to get public borrowing back under control.
President Romney might want to swing all the way back to Massachusetts moderate. I can even imagine him hoping for Democrats to do well in the 2014 mid-terms to make this easier. But in 2013, he would at least have to go through the motions of making common cause with Republicans in Congress. That is an alarming prospect. If the choice is between an empowered Republican Party in its present radicalised form and continued paralysis, I would reluctantly choose paralysis.
Whatever America decides, there will be little to celebrate on Nov 7. The country’s politics are broken. Mr Obama has claimed during the campaign that, if he is re-elected, the Republican fever will abate and the deadlock in Washington will give way to productive engagement. Rubbish.
Suppose Mr Obama wins narrowly – the best he can hope for, if polls are to be believed – and a Republican majority is returned to the House. Things will stand much as they have for the past two years. When such an outcome is the best that can be expected, it is hard to be optimistic about the country’s prospects.
I want Mr Obama to win. Even if he does, I will need a drink to celebrate the coming of the New World. BLOOMBERG
Clive Crook is a Bloomberg View columnist.

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This is a very serious matter and I do not like to joke about it, the present US system is flawed and there is only one solution to bring everything back to order, that is, the entire US debt needs to be written off to start from a clean slate, but will Obama accepts my terms once I get to the UN? Don’t worry about the EU, the problem can easily be solved with reforms to plug the loopholes before funds are released to make sure it is effective or everything will be drained away, Germany has the necessary power for the downpayment, and with the EU’s stability mechanism and the contributions of IMF/World Bank, by end 2014 there will be no problems anymore. PS : It takes time to implement reforms especially since EU has many states.
– Contributed by Oogle.

Author: Gilbert Tan TS

IT expert with more than 20 years experience in Apple, Andriod and Windows PC. Interests include hardware and software, Internet and multimedia. An experienced Real Estate agent, Insurance agent, and a Futures trader.

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