Obama won.. (Read 1487 times)

I probably thought this was great because I voted for Obama and consider myself a liberal. But maybe also it's because this is basically why the Republican party turns me off as well. 

 

It's political, but I think it's also pretty right about why the R party is struggling right now.

If you look at the ten counties in the country with highest family income, 70% voted for Obama. Some by a very significant majority.

All these counties have average family incomes exceeding $90k. The demographics of these counties are heavily slanted toward suburban families.

The R party doesn't just have an issue with those minorities & women. The educated middle class doesn't like their 2012 platform either.

Cannot forget Robert Rubin's and Larry Summer's contributions.

 

Did people not see it coming (even from the get-go)?  From a battlefield perspective, the ones that didn't see it coming believed they were the smartest people to have ever graced the industry and had re-invented the wheel.  The ones who did see it coming were the ones with a lick of common sense.

Just finished a book by Joe Stiglitz (2001 Nobel Prize in economics, former World Band cheif economist and senior vice-president). It was about the failures of the IMF- he really raked Rubin and Summers over the coals.  He was dealing with inernational issues, but the shortcomings of the Rubin/Summers ideaology had domestic (US) consequences.