For my analysis of the key results of the recent US midterm Congressional elections on November 8, listen to my November 18 Alternative Visions radio show–i.e. why there was no ‘red wave’ (as I predicted publicly on Nov. 5 there wouldn’t be); why the election 2022 was virtually a repeat of 2020 outcomes; and what the two parties are likely to do (and not do) in the next two years. (Also, the show includes some brief comments on the Fed’s admitting now that recession is inevitable + comments on the bankruptcy announcement of the crypto currency company, FTX, and its apparent money laundering activities in Ukraine).
TO LISTEN GO TO:
https://alternativevisions.podbean.com/e/alternative-visions-takeaways-from-us-midterm-election/
SHOW ANNOUNCEMENT
Republicans spinning their taking control of the US House. Democrats spinning their wasn’t a red wave. So what’s the significance of the recent midterm Congressional elections? My answer: as the French say, plus ce change, rien ce change’ (Everything changes but nothing changes). In today’s show Dr. Rasmus provides his analysis of the midterm elections, making the central point that there’s been little change in the midterms from 2020 alignments because both parties offered little different to the voters in 2022 than they did in 2020. Rasmus reviews the proposals and strategies of both parties in some detail, revealing neither offered voters much of any substance. The more important outcome was the DeSantis strong win in Florida, which opens a political pissing match in the Republican party between Trump and DeSantis. Today’s show also comments on the Federal Reserve governor, Esther George, statement today that the Fed might not be able to bring down inflation without recession, admitting more rate hikes coming and 100% certain recession (already here) after the holidays. The show ends with a comment on the implosion of the crypto currency firm, FTX; the possible financial contagion effects; and its Ukraine money laundering connections. (see Dr. Rasmus blog, jackrasmus.com, this weekend for a written article on the recent midterm election).
A great overview of a variety of topics; including the recent “election”. What I take issue is with the claim that nothing has really changed politically since that is exactly what the Fortune 500 wants: superficial gridlock after looting the Federal Reserve and the US Treasury while the lower 90% twists slowly in a bitter wind of inflation and joblessness.
The result of the election is ….. America is not a democracy.
That is of course what Mr. Rasmus said in his French. Nothing changes. Except, about 70% of Americans will continue to say that the country is going in the wrong direction. In a government of the people, by the people and for the people, the people could change the direction. In America, nothing changes. America is not a democracy. As Mr. Baker observes in his comment, the Fortune 500 and the too big to fail banks get exactly what they want. That is something other than a democracy.