The Next Election: High Stake Outcomes Based on Non-issues
Paul Craig Roberts
Aug 12, 2012
The election of the next puppet president of the “world’s only superpower” is about two and one-half months off, and what are the campaign issues? There aren’t any worthy of the name.
Romney won’t release his tax returns, despite the fact that release is a customary and expected act. Either the non-release is a strategy to suck in Democrats to make the election issue allegations that Romney is another mega-rich guy who doesn’t pay taxes, only to have the issue collapse with a late release that shows enormous taxes paid, or Romney’s tax returns, as a candidate who advocates lower taxes for the rich, don’t bear scrutiny.
What are Romney’s issues? The candidate says that his first act will be to repeal Obamacare, a program that Romney himself first enacted as governor of Massachusetts. This will cost Romney political contributions from the insurance industry, which is thankful for the 50 million new private insurance policies that Obamacare, written not by Obama but by the private insurance companies, provides at public expense. It is not to the insurance industry’s benefit to have a single payer system like other western countries.
Romney’s other issue is to blame Obama for America’s unemployment caused by the offshoring of the US economy by Republican corporate CEOs. In order to enhance their compensation packages, the Republican CEOs sent millions of America’s best jobs to India, China and elsewhere. The lower cost of labor in these offshore sites means much higher earnings, which drives up share prices for shareholders and drives up performance bonuses for management, while wrecking US employment, GDP growth and tax base and driving up the deficit in the balance of payments.