Skip to comments.Making room for new, old economies
Posted on 01/31/2012 5:43:48 AM PST by 2ndDivisionVet
The announcements by Sens. Ben Nelson (D-Neb.) and Kent Conrad (D-N.D.) that they would not run for reelection reflects what may be the last gasps of the Great Plains Democrats, much as Californias 2010 Democratic landslide assured that Republicans are soon to become endangered species in places like Los Angeles and Silicon Valley.
The conventional explanation for these trends centers on culture or ideology, but the real cause may lie with an evolving conflict between two dueling political economies.
On one side lies the information or creative economy, centered in coastal big cities and university towns. On the other lies the larger basic economy, which produces tangible items like food, manufactured goods and fossil-fuel energy.
In the past, both political parties had liberals as well as conservatives and operated in both of these economies. Republicans thrived not only in the Heartland but also in information hubs like Silicon Valley, Southern California and even parts of Manhattan.
Similarly, Democrats were influential in large swaths of the resource and agriculture-dependent parts of the country, including the Great Plains.
However, this is increasingly no longer true. Plains Democrats, like former Sen. Byron Dorgan of North Dakota, struggled to sell the states remarkable energy-driven recovery to an administration hostile to fossil fuels. Many in his state, and other energy centers like Texas, view the Obama administrations resistance to oil and gas development as an assault on economies that, over the past decade, have had the highest rates of job creation and per capita income growth in the nation.
Dorgan, frustrated with Obamas economic policy, chose not to run for reelection in 2010...
(Excerpt) Read more at politico.com ...
The American way.
The obama way.
It's fascinating the extent to which the libs have jumped on this idea of a "green" economy. They really, really hate dirty stuff. I get a kick (actually I get furious) over Obama's vow to double exports when he doesn't have the faintest idea what we produce or what is entailed in its production.
His promise is premised on a wink from Bernanke that he will inflate the currency so much that the dollar's foreign exchange rate will drop supposedly making our exports more attractive in foreign markets. It won't work, of course, the price increases at home will more than make up for any exchange rate drops.