Mitt and women

Mitt Romney

Mitt Romney (Photo credit: Gage Skidmore)

Mitt Romney has a problem with women. Campaigning separately yesterday, both Mitt and his wife Ann put a foot into their respective mouths when talking to and/or about women’s issues. I recently saw an article on the web that speculated that Mitt’s inability to connect with women is due to the fact that he has never dealt with women as equals. The Romney family is 6 guys and one woman, Ann. And the Mormon Church is a male-dominated organization too. It’s an interesting theory. We will probably never know for sure unless Mitt is more forthcoming about himself than he has been to date.

“Deficits don’t matter”

Official White House Photo of U.S. Vice Presid...

Official White House Photo of U.S. Vice President Dick Cheney. (Photo credit: Wikipedia)

Dick Cheney said that and in the short run, he was correct. Deficits do matter in the longer term. Yes, Dick Cheney was a reliable source some of the time. Even a stopped clock tells the correct time occasionally, actually twice a day. Cheney was also the author of the 1% doctrine which had nothing to do with wealth or Wall Street. Cheney’s version concerned  national defense. If there was a 1% percent chance of the US being attacked, we should attack first, preventive war.

Break, broke, broken

English: Fareed Zakaria, American journalist a...

English: Fareed Zakaria, American journalist and author (Photo credit: Wikipedia)

When things wear out or break, good maintenance practice is to fix or replace them. When an individual or nation is short of cash or credit (broke), then maintenance is deferred. The US is in that position now. Devoting too much of our resources to defense and a sizable portion of the rest to social programs, we are cash-strapped to invest in education, research and infrastructure that will grow our economy in the future.

We defeated the USSR in the Cold War, because we increased our defense spending to the point that they could not compete. Their economy cracked under the strain. We are headed in the same direction with China, but now we are the ones whose economy is showing the strains. If our economy grows at 2-3% per year and the Chinese economy grows at 9-10% per year, the simple laws of interest compounding ensure that they will have the capacity to grow all their expenditures, civilian and defense, at a faster rate than we can.

It is my belief that we must grow our economy faster if we wish to remain a superpower. We will never grow our economy as fast as China does, but according to Fareed Zakaria, China is about to experience slower growth, around 6%, due to the sheer size of their economy. Therefore, the parties in Washington must stop their bickering and put our economy on a sustainable path to recovery. We have a more educated work force than the Chinese do. We should encourage everyone’s participation in the economy to reap maximum benefits for them and for the US.