The theme that most seemed to rouse the enthusiasm of delegates to the Democratic National Convention in Charlotte was that we are all responsible for one another — and that Republicans don't want to help the poor, the sick and the helpless.

The teacher strike in Chicago is more than just about salaries, benefits, and collective bargaining. It is more about the struggle between the visions of two liberal personalities than anything else: Karen Lewis, President of the Chicago Teachers Union and Rahm Emanuel, the Mayor of Chicago.

 

Keynesian policies allegedly designed (and sold to the American people) to stimulate the economy are actually having the perverse effect of stimulating government spending and putting off the inevitable day of reckoning when interest rates inevitably begin to rise.  The unintended consequence of low interest rates is the transfer of wealth from savers to the government.

Politics takes a lot of brass. And Bill Clinton is a master politician. His rousing speech at the Democrats' convention told the delegates that Republicans "want to go back to the same old policies that got us into trouble in the first place."

 

 The Obama party line is that all the bad things are due to what he inherited from Bush, and the few signs of recovery are due to Obama's policies beginning to pay off. But, if the economy has been rebounding on its own for more than 150 years, the question is why it has been so slow to recover under the Obama administration.

 In separate TV interviews Sunday, both Mitt Romney and Paul Ryan refused to identify the tax loopholes and deductions they would eliminate in reforming the nation's tax code. The lack of specifics enables them to avoid political landmines, since each tax break has a constituency eager to protect it. But it also opens the Republican ticket to charges by Democrats and media pundits that theirs is a "secret plan" that will increase the tax burden of middle class Americans.

 After a debate over new teacher contracts collapsed on September 9, 20,000 public-school teachers in Chicago’s education system went on strike, leaving hundreds of thousands of students without schooling or supervision. Karen Lewis, president of the Chicago Teachers Union, said later that day they had made progress on resolving many provisions in the contract, but “we have failed to reach an agreement that will prevent a labor strike.”

 At its 24th Congress in Cape Town, South Africa, the powerful Socialist International alliance approved resolutions blasting Israel, demanding more “global governance,” and calling for a program of massive wealth redistribution on a national and international scale. The controversial group, made up of socialist and communist-leaning political parties from around the globe, also insisted that governments in countries not yet destroyed by socialism must continue to send their taxpayers’ money to Third World regimes.

 The powerful global alliance known as the Socialist International held its 24th Congress calling for bigger and more centralized global governance as well as more handouts from productive economies. Meanwhile, the summit host, South Africa’s ruling African National Congress (ANC), is facing mounting international pressure over the genocide of white farmers and its increasingly overt communist ambitions.

We have heard many times from President Barack Obama how he plans to raise taxes on "millionaires and billionaires," but not on the middle class. Apparently, if you don't happen to be a millionaire or billionaire, you don't have to worry.  But the numbers say otherwise — and say so big time.

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