Friday, July 29, 2016

Hillary's Speech: One More "Big Push" for The Narrative

A lot of people seem to think that Hillary Clinton's speech accepting the nomination for president from the Democratic Party was second rate.

Obviously, it wasn't great, but it did what it needed to do. It needed to roll out The Narrative, one more time.

What is The Narrative? It has two parts, of course. One part is that government and progressive liberals have smashed one injustice after another to enable us to work at a decent job and be protected from injustice and hardship. The other is that if you don't agree with us you don't deserve a voice, because you are a racist, sexist homophobe.

Obviously the second part of The Narrative is what really gores conservative oxen. But the first part is the one that keeps 'em coming and voting for Democrats.

Last night The Narrative was clearly pitched to women, what with all the emphasis on glass ceilings and creating a world where women can be whatever they want to be.

But how?

If we pivot to the economic part of Hillary's speech it is about government creating good jobs and good wages for people.
My primary mission as President will be to create more opportunity and more good jobs with rising wages right here in the United States.
But how?

Clinton will reverse Citizens United, fix corporate tax breaks, big bad Wall Street, clean energy jobs, allow immigrants to stay, kick China, increase Social Security checks, and build infrastructure.
Now, here’s the thing, we’re not only going to make all these investments, we’re going to pay for every single one of them.

And here’s how: Wall Street, corporations, and the super rich are going to start paying their fair share of taxes.
The funny thing is that it is Wall Street, corporations, and the super rich that provide the funding for the Democratic Party, even as the Bernie bros supply the foot-power. And we are going to tax them more? I wonder how that will work.

In the same week as the Democratic National Convention we have seen a couple of news items that puts this into relief.

First, here's news item from Bloomberg about home ownership falling to the levels of the 1960s. Actually, if you look at the graph, it shows a flattish line from the 1960s to the 1990s, a huge increase from the mid 1990s to the mid 2000s, followed by a huge decrease from the mid 2000s to the mid 2010s that erases the gains of the previous ten years. So, the whole CRA/Fannie/Freddie effort to lower loan origination standards to help inner-city residents was a complete wash. What goes up must come down.

Then, here's an opinion item about the concerns of construction company CEOs and CFOs. Do they care about taxes and regulation? No, their big concern is the shortage of skilled labor, "welders, carpenters, HVAC technicians." The article goes on to talk about the lack of vocational training and the "boys adrift" problem.

So. What does this tell us. My point is that when government gets the bit between its teeth it can repipe the plumbing of the economy. But it cannot force outcomes.

The government can force money into housing. So it pushed a bunch of lower-income people into their own homes for a season. But now the poor bloody millennials can't afford a house and the lower-income people are back to renting.

The government can force money into favoring the education of girls and make them all into college graduates. But it doesn't think about what making education girl-friendly does to boys.

The speech of Hillary Clinton gave no nod at all to the damage government does. In her Narrative government is the wonderful beneficent Oz breaking down barriers and making us Stronger Together. Nothing about the Law of Unintended Consequences.

That's why I bang away with my talking points: Government is Force, Politics is Violence, System is Domination, Government is Injustice.

Until the ruling class starts to think seriously about the damage its rule has done, the only thing ordinary people can do is vote to tear it all down.

Because the Great Enrichment of the last 200 years was from innovation, not from government, and we have seen in the last ten years a perfect illustration of this. Government and the ruling class have forced "clean energy jobs" on us as a solution to climate change. It has been a disaster. Meanwhile, completely unheralded and unsung, the "fossil fuel industry" has conducted the innovative fracking revolution with hard work on horizontal drilling and hydraulic fracturing of rock around well bores. The result of the fracking revolution is a 50 percent drop in energy prices.

Obviously the ruling class will not change its mind until it has been well and truly humiliated, again and again. Because until then the ruling class will not see that it has a problem.

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