Where's the Beef (Theory?)???

I watched the Debate last year, and thought that both Candidates were relatively effective; but I had a Problem with it. John McCain has years of involvement in the process of Congress, yet with all his innate knowledge, seemed like he was reciting from a Script from which he could not appear to deviate; Americans like a President who can think on his feet. Obama expressed a demeanor of articulate, informed character, but listening carefully, One notes his previous efforts show little input in previous major issues. The Debate itself, somewhat because of the Moderator, hung closely to generalities without real discussion of specifics. Those who listened to the Debate could almost imagine that the economic difficulties did not exist.

Paul Krugman explains his new Trade Theory, and Some will easily understand it, while Others may have a little difficulty with it. His basic thesis suggests it is only the concentration of Wealth and Skills which determine the entrance of geographic locations into the international Trade pattern. There are many delay factors which determine Trade entrance, many of which are independent of individual business format. The intro to those Problems remain Transport, Transport facilities, Speed of Transport, and degree of Safety of that Transport. There is still the Question of Resource availability–itself highly dependent upon the above Transport. I have always doubted the Concept of Capital Intensity as limitation of multiple duplication of industry; it was once said that the United States would remain the paramount Producers of automobiles because of the industrial Costs of Capitalization. Paul is not wrong, but he is a little less than right as well.

"Get rid of Joe the plumber, the Old Man is coming Home, Home, Home." Greg Mankiw cites Robert Nozick. What Republicans ignore is the right of American Voters, or their elected officials, enjoy the ability to exercise their own resident power in the decisions to distribute Wealth and Resource. Taken backwards, as I always work (no Commentary!), the small businessmen affected would be about 2% of the Total by the Obama Tax Plan, and cost them no more than about $5000 apiece. These small businessmen affected actually employ no more than about 100,000 employees, of which less than about 7000 employees might lose employment. It does not sound loud in an economy which has already lost a million employees this year, especially when stopping a Tax Plan to cut Taxes for multi-millions of Taxpayers. "How Does Your Light Shine, in the halls of Whatever!" lgl