Thursday, March 17, 2016

The GOP Leadership Tried to Delegitimize President Obama

and in the process they delegitimized themselves.

You might have thought that the rise of Donald Trump and Ted Cruz despite the absolute disgust most GOP Leaders have for both them would have been sufficient evidence for that statement.

But then I saw a news article that illustrates the difference in the delegate rules for each party.  It is well worth reading as it shows the danger of market policies running amok without wise people being able to put a stop to out of control tendencies.  And if you don't stop out of control tendencies when they are small, they become bigger.

If people were individually wise and moral, there wouldn't be religion.  The powers that be 1394, 2016, 3102, 4714, 5774 years ago wouldn't have felt the need to encourage people to behave morally. By the way for the odd creationist who comes across this blog, those years are the year it is today for the Islamic, Christian, Hindu, Chinese and Hebrew calendars.

But I digress.  I am a person of the markets and a product of big bank risk management processes.  I believed to my great personal financial detriment that big bank risk management processes combined with regulation would be able to control greed and other motivating things that can cause a financial crisis.  I was wrong and I now even more firmly believe that sound regulation is needed of certain things; banks, financial markets and monopoly industries for a start.

You would think the failure of the Bush II administration to balance the budget and regulate effectively would have caused the GOP to rethink there adherence to the wishes of Grover Norquist and the policies of less regulation.  But no, so far the only effective policy implemented by the GOP during the Obama administration is sequestration which arbitrarily reduces the money available to run the government effectively.  The result of this ineffectiveness is people are mad at Washington and a sufficient number of the GOP are voting for Donald Trump, who may or may not fund the government effectively, but will certainly try to keep Social Security and Medicare funded.

And the rise of Trump/Cruz can be directly tied to the GOP belief in the power of the market.  That is the way their delegate rules are designed.  The Democrats delegate rules reflect their belief that senior leaders should be able to control the masses.  This campaign illustrates very well why the GOP is not a legitimate party at this time with their over reliance on a faith in markets should rule at all times.  It was a very good article to read and I post the link below.

Link to Delegate Rules article



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