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Making room for new, old economies
The Politico ^ | January 30, 2012 | Joel Kotkin

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 California’s 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 state’s remarkable energy-driven recovery to an administration hostile to fossil fuels. Many in his state, and other energy centers like Texas, view the Obama administration’s 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 Obama’s economic policy, chose not to run for reelection in 2010...

(Excerpt) Read more at ...

TOPICS: Issues; Parties; U.S. Congress; U.S. Senate
KEYWORDS: academia; congress; democrats; economy; energy; immigration; obama; oil
You can trust your czars to the man who wears the star, the big, red, communist star!
1 posted on 01/31/2012 5:43:49 AM PST by 2ndDivisionVet
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To: 2ndDivisionVet
You can trust your czars to the man who wears the star, the big, red, communist star!

The American way.

The obama way.

2 posted on 01/31/2012 6:34:09 AM PST by USS Alaska (Nuke The Terrorist Savages)
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To: 2ndDivisionVet
Another good article by Kotkin. I'm glad to see him published in "The Politico" where his economic common sense will be seen by a lot of people without any.

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.

3 posted on 01/31/2012 8:38:18 AM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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According to NPR via NYT
NEWT leads Mitt 39-32
when FL vote divided per RNC rules!

Pass the word!

Click to Donate to Newt Gingrich


310 First Street
Washington DC 20003

Encourage them to do the RIGHT thing, end the FL fiasco NOW, Play by the rules!

4 posted on 02/04/2012 6:54:38 AM PST by hoosiermama (FR Unite... Get active contacting MSM, RNC. etc... freepmail : Mountain Mary.)
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