Republican Party Leadership Issues

GOP_SquareThe New York Times today reporting on the difficulties being experienced by the Jeb Bush campaign included the following comment:

“I have no feeling for the electorate anymore. It is not responding the way it used to. Their priorities are so different that if I tried to analyze it I’d be making it up.”

JOHN H. SUNUNU, the chief of staff for the first President George Bush, on his confusion with the rise of Donald J. Trump and the struggles of Jeb Bush.

Some of the readers’ comments suggest that the G.O.P. leadership is out of touch with the voters. But I think it is more complicated than that. Donald Trump articulates the wisdom of the saloon bar. Simple answers to complex questions. One question for 2016 is: will Trump have the organization to get out the vote? There are other questions of course, but they are for another post

Small Business Support and Wider Issues

Silver Liberty EagleBill Bonner ( reports that “Amazon has raised $6 billion in additional financing. Investors readily throw their money into the River of No Returns. At only 100 basis points over Treasury borrowing costs, they worry neither about the return on their money, nor the return of their money. Over on the equity side, investors are even more sans soucis. Nasdaq shows Amazon with a p/e of MINUS 714. After 20 years, the giant marketer has never learned to make a profit. The last quarterly report showed it with losses of about $1 a share, or about $2.50 on every hundred dollars of sales”.
This is the equivalent of a 2½% discount on every purchase.
No wonder small traders and everyone else are hurting.
Paul Kruger wrote interestingly in the New York Times in October about Amazon as a monopsonist – a dominant buyer with the power to push prices down. Please see