A big part of the reason analysts at Standard & Poor's pulled our AAA rating back in August was our dysfunctional politics. Democrats and Republicans didn't address the issues. And they didn't merely kick the can down the road -- they held all of us hostage to 11th-hour brinkmanship as the debt ceiling approached to score points with far-left and the far-right extremists.
http://money.msn.com/investing/us-barrels-toward-a-fiscal-cliff-mirhaydari.aspx
This is a funny one!! Who does he think politics is for?
It's for the politicians, stupid.
They keep getting elected, even when they make absurd laws, lie to us about why they made those laws and which ones should be made in the future (its' darned rare they get excited about 'unmaking' laws), and lie to us when they pretend to know they supposed good that previous lawmaking accomplished ("TARP and the stimulus fended off a depression"). Then they "retire", sell books and gain employment with the connected, live well on our labor, and regail us all with stories of all the great things they did with our money.
While they fool us into thinking they are on our side, and we must really want to believe it, they take the money and the lobbying from those with money and power to spare and the incentive to do so, and keep writing laws that benefit those "clients."
I would ask - how else could "our" politics work? It works perfectly and in accordance with the incentives that exist for it to work as it does.
What are the incentives for less government restriction and meddling?
Pidding - in comparision to the incentives for politicians to make laws that benefit their "clients."
In other words, our "democracy" functions just as a democracy should be expected to function when the government is not sufficiently limited such that it cannot be utilized by Peter to get something from Paul.
http://money.msn.com/investing/us-barrels-toward-a-fiscal-cliff-mirhaydari.aspx
This is a funny one!! Who does he think politics is for?
It's for the politicians, stupid.
They keep getting elected, even when they make absurd laws, lie to us about why they made those laws and which ones should be made in the future (its' darned rare they get excited about 'unmaking' laws), and lie to us when they pretend to know they supposed good that previous lawmaking accomplished ("TARP and the stimulus fended off a depression"). Then they "retire", sell books and gain employment with the connected, live well on our labor, and regail us all with stories of all the great things they did with our money.
While they fool us into thinking they are on our side, and we must really want to believe it, they take the money and the lobbying from those with money and power to spare and the incentive to do so, and keep writing laws that benefit those "clients."
I would ask - how else could "our" politics work? It works perfectly and in accordance with the incentives that exist for it to work as it does.
What are the incentives for less government restriction and meddling?
Pidding - in comparision to the incentives for politicians to make laws that benefit their "clients."
In other words, our "democracy" functions just as a democracy should be expected to function when the government is not sufficiently limited such that it cannot be utilized by Peter to get something from Paul.
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