The Politics of Fact Checking

In an election we rarely care whether the candidates are factually accurate or not. This is kind of absurd when you think about it. Shouldn’t an election be all about facts? But the reality is that, elections are a popularity contest and not a contest based on the person’s ability to govern. The biggest example of a flawed system of campaigning is the US elections. I am not absolving the other nation of their faults, but right now the US election has a pivotal role to play in the world.
When you look at the two leading parties in the US; namely the Liberals and the Republicans (Tea Party included), both parties seem to have a really lax foot hold on facts. But when you compare both parties, the Republican out rank everyone when it comes to making up theories. The Tea Partiers are in a whole another dimension. But for now let’s focus on the Republican Party because Romney is not a tea party candidate. The policy that is being proposed by the Romney campaign is baseless and is only going push America into a deeper recession and eventually into a depression. Let me tell you why. The economics of deficit spending was especially designed as a contingency at a time of financial uncertainty in a country. And the basic principal behind it is that, when the private sector has failed (which has in the case of the US) and are cash strapped to the point of negative investment, the government has to step in to the shoes of the private sector and invest to get the people to work again. This was done by the Barack Obama when he introduced his stimulus package and it’s the only reason why the US did not fall further into a depression. But the bailout was not nearly enough. The bailout size varies according to the country’s economic realities and the US is the world biggest economy. Therefore the bailout was not nearly enough to give the economy the push it needed for complete revival. So when Romney claims that the US is losing jobs because of the Obama, it is factually wrong. Instead he should be saying that Obama did not do spend enough in his stimulus package.
In another case of factual error; when you look at the case of Germany, they managed to stave of recession by cutting the salaries of the working class by half so that no one would lose their jobs. This will never happen in the US because of the bankruptcy laws which are designed to keep the rich, rich, when their companies fail. But the Republicans are blaming the labor unions for this and not the rich people who cared more about their money rather than the people they employed. In the case economics of capitalism failed the people of the US. Another bone of contention that I have with the Republicans is their claim that reducing taxes would create more jobs. This is highly baseless. As empirical evidence shows, the US has one of the lowest tax rates in the world. Here is a link to a well written article on the tax rates of the US http://www.businessinsider.com/history-of-tax-rates-2012-5?op=1 . The rich have tax loopholes that make them even richer and they claim that are being harassed for being rich.
The budget deficit of a country is a serious issue. Everyone knows about the debt clock, but no one really knows how the debt became so big. The simplest explanation for the debt is War. It was the number of wars that the US was involved in that has cost the country so much. It was not Obama’s stimulus package. And also another reason is the loss of industry. The US has become a service oriented country with most of the heavy and small manufacturing industry based outside the country. In fact the only strong manufacturing industry left in the US is the Arms industry which made windfall profits during the wars. The only way to bring down the deficit is taxing at a higher rate. But the middle class will not be able to afford a higher tax rate. That is why the rich will have to bear the burden and they can afford it. They are not the job creator. In fact, they are the reason why the US has lost its entire manufacturing base. The private companies moved the manufacturing units to countries which offer cheaper labor. I have immense respect for Billionaires like Warren Buffet and Bill Gates who have pledged their wealth for the betterment of the common man. But that is not always the case. We have all heard of the Koch brothers.
Therefore, before anyone decides to vote for a candidate, think about what he is claiming and try and find out the truth before voting for him. The election is ours to lose and theirs to win. We are giving them power over us. So let’s make sure that we vote for the guy who actually cares enough to say it straight to our face. Let’s get the facts straight before we vote.

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7 thoughts on “The Politics of Fact Checking”

  1. Really interesting. I just wrote an article about the 47% flap.
    In other news, my name is Frank. I’m a 23 year old conservative acting student. Weird, right? I love politics, and I just began writing. I would absolutely love it if you would take a look at my blog and give your thoughts, subscribe or follow. The address is franklypolitics.wordpress.com
    Thanks so much for your time.

    - Frank

    1. thank you for reading my post. and your are right about Romney not being perfect. He tried being a liberal conservative and when that did not get him the office, he wants to be a ardent conservative.

  2. An enjoyable read and not just because I found myself agreeing with most of what you had to say. From this side of the Atlantic can I just say most Euros really don’t want to see Romney in the White House. We really, really don’t…

    1. i am so scared. the republicans are absolutely mad, if they believe that their economic policy is good economics. its totally wrong. I am Keynesian economist and he was right in his work when he said spending is the only way our a recession. tax cuts will only endanger the economy even more. and if the US falls, the whole world falls.

  3. I don’t care who wins as long as the executive and both houses of the Congress think alike. It is the only way tho country is going to survive as we have known it in our collective lifetime.

    1. the only way US is going to survive and not drag the world down with it is if they find a way to understand what economics is to be followed during a time of recession. till now it was Obama did the right thing but not enough. But going the other way is going to cost USA.

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