Economy makes independents’ day

November 27, 2009

If Lou Dobbs decides to make an independent bid for president in 2012, he will probably find the political climate as hospitable for an insurgent run — if not more so — as it was in 1992, when Ross Perot captured a fifth of the popular vote.

The dreary economic New Normal that is the aftermath of the Great Recession has created a huge political opening for Dobbs or Michael Bloomberg or Sarah Palin, or some other American with high visibility or deep pockets or both.

It was a slow-recovering economy and concern about big deficits that drove the Perot phenomenon. There’s a high probability both factors will be at play three years from now.

The Center on Budget and Policy Priorities forecasts annual budget deficits to average $1.2 trillion over the next three years. And the Federal Reserve is forecasting a so-so economic expansion that will leave unemployment over 7 percent in 2012.

Then you have a populist, anti-Wall Street sentiment that neither Democrats nor Republicans have been able to capture successfully.

The result is that party loyalties are frayed, with the tea party movement one manifestation. According to the Pew Research Center, 36 percent of Americans identify themselves as independents, the highest number since 1992. And they seem to be up for grabs.

Barack Obama won 52 percent of the independent vote in 2008. But a recent poll by Rasmussen Reports shows Obama with a 61 percent disapproval rating among the group.

None of this means an independent would actually win. Rasmussen has Dobbs at 14 percent in a race with President Obama (42 percent) and Mitt Romney (34 percent.) With the more populist Palin replacing Romney, Dobbs gets 12 percent versus 44 percent for Obama and 37 percent for Palin.

Yet without Dobbs in the race, Romney is tied with Obama and Palin trails by just three. So an independent could, at the very least, radically alter the political landscape.

And if the New Normal turns out to be worse than expected, with the GOP blamed for the original collapse and Democrats for a bungled remedy, an independent might accomplish much more than that.

Comments

Sure, let’s have several third party candidates orindependents. That is precisely what my compatriots and Iwere attempting in 2008. Regrettably, no one was payingatention to our better visions for America, because thecountry was intoxicated and mesmerized by only one man.High visibility and deep pockets are not always theprescription for poitical success. The American peopleare ready for a third party to evolve and step up to theplate for American values, not jaded party lines.I still have a vision for America to get us back on theright track. Perhaps I shall run again in 2011-12.

 

No independent will win a presidential bid in the USA antime soom and 2012 is too soon. First they will have to build a base to run from even with a lot of money.Bloomberg may have the best chance for he has deep pockets, but then Perot had deep pockets and spent in the neighborhood of 65 million dollars of his own money when he ran and he got about 19 percent of the vote.George Wallace got 15 percent when he ran and the second time Perot ran he got some 9 percent or the vote I think—do not quote me on the number I have forgotton.The republicans would vote for a chimp if they were to put him on the ticket and the democrats are too fickle to vote for someone who does not believe just as they say, whether it is so called conservative or so called liberal. They vote all over the place including independent, green party, democrat, republican, and who know who else or what else.Their are not sufficient numbers to elect an independent at this time in USA history and you can quote me on that.

Posted by Carl Justus | Report as abusive
 

I am happy to see an independent running, even though I don’t really care for the candidates mentioned in the article. Both republicans and democrats have taken the public for granted and I think its time for the american people to make a real change. Hopefully, this will tranlate to congress as well.

Posted by Fred | Report as abusive
 

The author is correct. It would be anEXCELLENT year for an independent.

Posted by Bennett | Report as abusive
 

I think, it is too premature to think and speculate about election 2012 right now. The 2010 congressional run offs will be clear reflection of what direction the mood of the American people is going, just like the 2006 midterm congressional elections brought the democrats to office and reflected the eagerness of voters for change and was later on reflected in 2008 with the election of Barack Obama, the 2010 congressional and state elections will be key to accurately predict what election 2012 will bring.

Posted by henokhenok | Report as abusive
 

Independents of the Lou Dobb variety always implode. Poke them a little bit and the hollowness of their thinking and the extremism of their rhetoric shows through. The American polity will remain middle of the road.You use the phrase “bungled remedy”. Is that a thought out conclusion on your part or are you merely reflecting the current rhetoric and conventional wisdom of the Republican Party? If it is a thought out conclusion on your part it would be good if you provided your analysis and gave us the list and content of better alternatives that Obama failed to embrace. You would then add to a sensible debate which as a responsible columnist you should.

Posted by Jag Rao | Report as abusive
 

Contrary to the media hype of a “new” financial order, the recent financial crisis created by the Federal Reserve keeps the “old” financial order in power that has governed since the reign of Abraham Lincoln (1861-1865).In two years the “old” financial order has bankrupt, bought, or gained control of much of their banking competition, which they label by their media as “the shadow banking system”.It should be no surprise that the largest monopoly banks left in power are Citibank, J.P. Morgan Chase, Wells Fargo, Bank of America, Morgan Stanley and Goldman Sachs.All, except Bank of America, are part of the “old” financial order and mushroomed into power about 150 years ago during and after Lincoln’s Tax War, which he started solely to collect his new 40% import tax from Southerners under the Morrill Tariff Act of 1861.With the passage of his National Bank Act of 1863, Abraham Lincoln, a puppet of Northern banks and industries, re-established Alexander Hamilton’s Centralist banking system in the United States, which set the foundation for the present day Federal Reserve System.Under his First Legal Tender Act of 1862, Lincoln printed worthless paper money displaying images of Alexander Hamilton and Lincoln’s Treasury Secretary Salmon P. Chase (as in Chase Bank), which ultimately destroyed State banking.Today, using their own created banking club, i.e. the Federal Reserve, these same monopoly banks, have so far crushed the likes of Lehman Brothers, Country Wide Financial, Bear Stearns, Merrill Lynch, Washington Mutual, CIT and have even gained control of Bank of America, whose leadership was not part of the “old” financial order that governs the United States.This “old” financial order is founded on the principles of Alexander Hamilton, designer of the first U.S. Central Bank, who advocated that the public should be governed by an intellectual aristocracy maintained by the enlightened self-interest of the wealthy, rather than a government of the people, by the people and for the people.Hamilton maintained, “That power that holds the purse-strings absolutely must rule.”Today, most of the economic advisors to President Obama are Hamiltonians, such as, Robert Rubin, Paul Volker and Lawrence Summers, all previously employed by the “old” financial order and also members of the Hamilton Project think tank.As these monopoly banks increase their control by eliminating competition, consumers and small businesses will have even more difficulty borrowing money at reasonable rates, because of less competition in lending. Witness their recent destruction of CIT, the largest lender to small businesses.Consumers and small businesses will have to lick the boots of the few elitist banks of the “old” financial order to obtain a loan.Right now these monopoly banks are borrowing from the Federal Reserve at 1% and lending to consumers, via credit cards, at up to 30%. Price gouging is always the result of establishing monopolies.Reminds one of J.P. Morgan’s government contract with Abraham Lincoln, where Morgan bought Federal rifles from the U.S. government for $3.50 and then sold them back to the U.S. Army for $22. Morgan’s rifles were notorious for blowing off the thumbs of the soldiers.

Posted by jebahoula | Report as abusive
 

The unfortunate circumstance of becoming president and the party gaining a majority in the senate during a downturn. The leverage lost rules out any new program to gain steam let alone help the general public. Back to square one.

Posted by Ray Kari | Report as abusive
 

Gov. Huckabee simply ignored? Wow… this is stupidity.

Posted by All for Huck! | Report as abusive
 

President Obama has achieved so much in ten months. He has changed world perception about America in a very favourable way. We need to give him time as he grapples with the American economy. Here is an honest politician giving his heart and soul to find pragmatic solutions. He inherited a heap of problems. He is head and shoulders above Sarah Palin, Mitt Romney or any other Republican thrown into the political fray. Here is an astute politician with America’s problems at heart. He will get a second term without a shadow of a doubt.

 

both democrats and republicans are big business machines. we need a main street party for the people. just thank if Perot had been elected. term limits, balanced budgets, no lobbyist and a fair free trade agreement! Remember when Ross said if NAFTA passes that gaint sucking sound will be jobs leaving the country.

 

THE US CONSTITUTION MANDATES A THREE PRONGED SYSTEM OF CHECKS AND BALANCES. WE ARE NOT A DICTATORSHIP WHICH COULD FIX OUR ILLS WITH ONE STROKE OF A DICTATOR’S PEN. PRESIDENT OBAMA IS FOLLOWING THE CONSTITUTION AND RESPECTING THE ROLE CONGRESS PLAYS IN OUR DEMOCRACY. OUR PRESIDENT HAS URGED CONGRESS TO USE THEIR LEGISLATIVE PROCESSES TO PROPOSE A HEALTH CARE SYSTEM THAT WILL BEGIN THE REFORM PROCESS AND SAVE LIVES OF AMERICANS WHO ARE DESTINED TO BE DESTROYED BY OUR PRESENT HEALTH CARE SYSTEM; A SYSTEM THAT IS BUILT ON GREED AND SELF-INTEREST RATHER THAN ON REASONABLE AND INTELLIGENT COMPASSION. SO WE MUST WAIT FOR CONGRESS TO DO ITS WORK AND PROPOSE THE BEST POSSIBLE PLAN THAT CAN GENERATE 60 VOTES IN THE SENATE AND A MAJORITY OF VOTES IN THE HOUSE. CAN INDEPENDENTS WAIT FOR A DEMOCRACY TO PRODUCE RESULTS OR DO WE WANT TO RETURN TO THE BUSH ERA WHERE HE GOVERNED BY EXECUTIVE ORDER AND FEAR TACTICS THAT FORCED OUR GOVERNMENT TO PASS LEGISLATION THAT WAS ILL CONCEIVED SUCH AS STARTING A WAR IN IRAQ?ADMITTEDLY THERE ARE AMERICANS WHO FAIL TO UNDERSTAND THE SUBTLETIES OF A DEMOCRACY AND THEY ARE BEING PROGRAMMED TO TO RESPOND TO FEAR. HOPEFULLY, A MAJORITY OF INDEPENDENTS ARE INTELLIGENT EDUCATED PEOPLE WHO CAN UNDERSTAND THAT CHANGE IN A DEMOCRACY TAKES TIME AND DEPENDS ON PATIENCE, REASONED DEBATE AND COMPROMISE.WHAT IS AT STAKE IS MORE THAN AN IMPROVED WORKABLE HEALTH CARE PLAN FOR USA CITIZENS. THE ISSUE IS WHETHER A DEMOCRACY, LIKE OURS, IN OUR COMPLEX WORLD LIKE OURS CAN PRODUCE SOLUTIONS TO NAGGING PROBLEMS THAT FACE OUR NATION AND SOME CASES ALL NATIONS. SIXTY YEARS HAVE PASSED SINCE A HEALTH CARE PLAN REFORM WAS FIRST INITIATED BUT BLOCKED IN CONGRESS. FOR OVER SIX DECADES MILLIONS OF AMERICANS HAVE DIED BECAUSE THEY DID NOT HAVE THE MONEY TO PAY FOR MEDICAL CARE IN THE USA. IF ANOTHER SIXTY YEARS PASS I PREDICT THAT MANY AMERICANS WILL DEMAND A DIFFERENT SYSTEM OF GOVERNMENT THAT CAN SOLVE PROBLEMS RATHER THAN BE HOGTIED BY THEM OR LEAVE OUR COUNTRY FOR NATIONS THAT OUR GOVERNED BY MORE INTELLIGENT THOUGHTFUL PEOPLE.

Posted by WILLIAM BURNS | Report as abusive
 

The most important thing that all Americans want in politics is honesty. PERIOD!We are fed up with deception and the bait and switch tactics of the politics of the past.We as an electorate and members of this society are sick and tired of spin-doctor manipulation and being treated as though we are stupid.We need political leaders with the “guts” to stand up for what is right in America and to change what is wrong in America. No compromises, no B.S.!There is an old saying; “Actions speak louder than words”.We are tired of words, we want action.It has been painfully obvious that neither of the old political parties in The U.S. are capable of providing true political leadership. They are broken, useless, antiquated relics of a corrupt political past. It’s time to throw them out and start over.

 

I Think Romney / Palin would be a formidable ticket. They are both cut from similar cloth (if you can get Romney to stop being pretentious)…. but I think they would do well.

Posted by Matt | Report as abusive
 

It is for sure in 2012 US will have a Kenyan president, yet again. God Bless The US of A

Posted by Mexicano Duro | Report as abusive
 

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