Aug 10, 2011

Some Not-So-Good Signs

There was once quite a buzz surrounding the recall attempts in Wisconsin, but somehow, because the Repubs held on to four out the six seats in question, the Press Poodles decided it was no longer much of a story - suddenly, it got kinda hard to find any in-depth coverage or analysis of the results. (see the numbers here)

By winning 2 seats and trimming the Repub majority to 17-16, the Dems are claiming they've changed the dynamics of Wisconsin's State Senate to some degree, but I'm betting the lesson the Repubs are taking away is that the combination of gerrymandering, advertising and dirty tricks is the key;  that as long as they can apply the Big Money Propaganda, then they can maintain the "50% plus 1", which means they can still just bull their way thru.

Put that election news together with this, and we've got an overall outlook that remains pretty bleak.
In fact, they said, America was composed of two distinct groups: the rich and the rest. And for the purposes of investment decisions, the second group didn’t matter; tracking its spending habits or worrying over its savings rate was a waste of time. All the action in the American economy was at the top: the richest 1 percent of households earned as much each year as the bottom 60 percent put together; they possessed as much wealth as the bottom 90 percent; and with each passing year, a greater share of the nation’s treasure was flowing through their hands and into their pockets. It was this segment of the population, almost exclusively, that held the key to future growth and future returns.
And finally (for today), there's this from a CNN Poll:
A lot of that anger seems directed toward the GOP. According to the survey, favorable views of the Republican party dropped eight points over the past month, to 33 percent. Fifty-nine percent say they have an unfavorable view of the Republican party, an all-time high dating back to 1992 when the question was first asked.
If Repubs are unpopular, and if a majority of voters are saying they don't deserve to be re-elected; and yet they keep winning elections, then what logical conclusion can we draw regarding our little experiment in self-governance?

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