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As Irrelevant Election Results Start To Trickle In, A Visualization Of 100 Years Of Government Lies And Their Impact On (What's Left Of) The Economy

Tyler Durden's picture




 

As election results gradually trickle in, the following chart from John Palmer presents one of the best compilations of how the government and the economy have coexisted over the past 100 years. To say that there has been much of a difference under either regime would be an overstatement: the end goal has always been the debasement of the dollar, the incurrence of more debt, the expansion of the economy courtesy of ever cheaper debt-created money, all the while nothing has actually changed. As Palmer notes, "this historical perspective visualizes economic trends and spending patterns, during good times and bad. Present-day assumptions regarding core party values have had major shifts over time, and the ridiculous extremes in voter alignment, lobbying, and legislative action are due for revision. As a basis for future shift, this data can educate a presumptive public, empowering citizens to make an informed decision on each and every election day." It appears that with broad hatred for the Fed gradually eclipsing party allegiances, that the presumptive public is finally waking up.

Full interactive graphic after the jump:

 

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Tue, 11/02/2010 - 17:23 | 694364 Ragnarok
Ragnarok's picture

It appears that with broad hatred for the Fed gradually eclipsing party allegiances

 

Let's hope so, but I'm not betting the farm on it.

Tue, 11/02/2010 - 17:29 | 694376 Bearster
Bearster's picture

Of course not.  Everyone wants a free lunch, and the Fed provides the magic that makes it possible.

Tue, 11/02/2010 - 19:09 | 694521 NOTW777
NOTW777's picture

ZH on record as stating the election is irrelevant - guess they want us to access the MSM to get coverage and analysis;

we can check back in and hear there is no difference between rand paul and obama

Tue, 11/02/2010 - 21:14 | 694810 jdrose1985
jdrose1985's picture

+1

As much as I hate politics, it really will be important to stay informed as to what the new congress critters are up to...especially the debt ceiling coming up but tons of other stuff as well.

 

Tyler, you may want to make a note of this. Seen some of the other very reputable old timers here calling for the same from you.

 

 

 

 

Tue, 11/02/2010 - 23:23 | 695053 prophet
prophet's picture

Perhaps it is meant as "irrelevant election" as in the path is set and the "irrelevant election" won't change it.  And again not that there is no difference between paul and obama but that it makes "no difference".   

Tue, 11/02/2010 - 17:26 | 694371 Cleanclog
Cleanclog's picture

We're pretty much f---ed no matter who/what wins tonight and 2012.

Markets will continue to be manipulated and we'll continue to medicate truth away.

Tue, 11/02/2010 - 17:30 | 694379 Ragnarok
Ragnarok's picture

One hope of today's elections is that the Tea Party GOPers don't permit anymore fiscal stimulus and allow the reckoning to happen post haste.

Tue, 11/02/2010 - 18:02 | 694428 aerojet
aerojet's picture

You're crazy if you think the Tea Party is anything but another con game.

Tue, 11/02/2010 - 18:32 | 694462 Oracle of Kypseli
Oracle of Kypseli's picture

We will find out soon. Then, avalanche

Tue, 11/02/2010 - 18:35 | 694470 Oracle of Kypseli
Oracle of Kypseli's picture

The avalanche will not be avoided tea party or not. Numbers do not lie. Math wins at the end

Tue, 11/02/2010 - 19:21 | 694542 nmewn
nmewn's picture

ROTFL...skeerd?

Tue, 11/02/2010 - 17:31 | 694380 Screwball
Screwball's picture

I'm pretty bumbed out about the whole thing.  If you read the political arguments around the net, the masses just don't seem to get it.  Still a sporting event arguing about the wrong thing.

Tue, 11/02/2010 - 17:42 | 694391 mikla
mikla's picture

True.  But, take respite in the idea that there's nothing they could do anyway.  (That's what I do.)

It's intractable.  We've crossed the Rubicon.  You're not going to stop this train.  Even if everyone "awoke", I'm unconvinced the immediate future would be any different.

The *real* issue is how we pick-up-the-pieces and establish the new system.  IMHO, they will "get it" then.  You won't be able to miss it.

In that respect, the election matters.  A number of candidates actually *do* reject central planning and authoritarianism.

Tue, 11/02/2010 - 17:46 | 694400 Cleanclog
Cleanclog's picture

Yep, the consumptive model is toast, and capitalism itself is running on empty.  

What will the next system be?  Don't know, but since income for households is so weak, maybe we need to tax robots and machines and technology to make up for the excess capacity and efficiencies and productivity they have created to make labor less necessary. That would be a different model.

Tue, 11/02/2010 - 17:51 | 694409 Ragnarok
Ragnarok's picture

capitalism itself is running on empty

 

No it is not, capitalism is simply producing more than you consume and selling it for the cost of materials plus labor/expertise.

Tue, 11/02/2010 - 18:15 | 694445 theopco
theopco's picture

lol

Tue, 11/02/2010 - 17:48 | 694404 MeTarzanUjane
MeTarzanUjane's picture

"A number of candidates actually *do* reject central planning and authoritarianism."

You have got to be kidding me. Have you never been to a dog and pony show?

I cannot believe that critical thinkers believe this shit... Elections. Total whoreshit.

Tue, 11/02/2010 - 18:02 | 694426 mikla
mikla's picture

"A number of candidates actually *do* reject central planning and authoritarianism."

 

You have got to be kidding me.

Definition of terms:  We agree that leadership in both parties is clueless.  Both parties will rape you.  It's partially true that only one of the parties may possibly make lube available.

True also that probably, only a few of the 535 (including the candidates-elect) would be able to keep up with discussions at ZH.

However, this is the chess game:  We're headed to a Constitutional Convention.  It will be a wholesale re-writing of the fundamental laws of the system.  It's important to get at least a few non-authoritarian spoilers into that "rewrite-cluster***k", or we actually *are* headed to violent uprising.

No, I'm not kidding.

We agree elections are theatrical advanced-sales on stolen goods.  However, I still assert that *this* time, (not last time, not several of the times before), elections *can* matter to get some spoilers into the pot to change the agenda's direction.  (Yes, people will be elected tonight that are *not* beholding to their party leaders, and that is *good*.)

Tue, 11/02/2010 - 18:27 | 694455 lead salad
lead salad's picture

We're headed to a Constitutional Convention.  It will be a wholesale re-writing of the fundamental laws of the system.

I hope you're correct.

Tue, 11/02/2010 - 18:35 | 694466 mikla
mikla's picture

I fear it.  It could go either way.

My vote would be to "revert" it to Rev-1.0.0.0000

Tue, 11/02/2010 - 23:03 | 695016 MurderNeverWasLove
MurderNeverWasLove's picture

Even the public beta had some nice features that didn't make it in.

Tue, 11/02/2010 - 18:28 | 694457 Shameful
Shameful's picture

If there is a Constitution Convention that is a signal flare to all to run to the borders.  What are the odds that with the current level of capture that it is anything but a total nightmare?  If the current system is as corrupt as it is imagine what it will look like when they totally rewrite all the rules in their favor.

Tue, 11/02/2010 - 18:58 | 694498 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

I wonder if Pelosi will waltz into the Constitutional Convention with that clueless shit eating grin on her face and oversized gavel in hand...

Tue, 11/02/2010 - 19:38 | 694567 TheMonetaryRed
TheMonetaryRed's picture

How about this guy. He is one of America's most-experienced red tape cutters:

http://en.wikipedia.org/wiki/John_M._Reich

Tue, 11/02/2010 - 20:44 | 694734 sethco
sethco's picture

hey, you know an anagram of your handle is 'Money Retard'

Tue, 11/02/2010 - 20:47 | 694743 sethco
sethco's picture

hey, you know an anagram of your handle is 'Money Retard'

Tue, 11/02/2010 - 18:04 | 694430 aerojet
aerojet's picture

I catch hell because I don't vote.  Herd mentality gets you every time.  I voted with my feet a long time ago.

Tue, 11/02/2010 - 19:45 | 694583 TheMonetaryRed
TheMonetaryRed's picture

A number of candidates actually *do* reject central planning and authoritarianism.

Well, I'd say they nearly all do, but I'm clearly naive.

Who did you have in mind?

Tue, 11/02/2010 - 19:00 | 694501 CH1
CH1's picture

Screwball - no, most of them still don't get it. Many never will.

Forget about the big noise. Politics is a scam, end to end. Start building freedom in your own life and in those you care about. It's "the individual versus the state" from here on out.

Tue, 11/02/2010 - 19:46 | 694585 TheMonetaryRed
TheMonetaryRed's picture

So you've met the enemy and he is you.

Tue, 11/02/2010 - 17:33 | 694386 Ragnarok
Ragnarok's picture

One way to tell if the public perception is starting to change is if they'll even let Ron Paul debate this time.

Tue, 11/02/2010 - 17:40 | 694392 hack3434
hack3434's picture

ACORN files for Chapeter 7...Hah! http://www.acorn.org/node/712

 

Tue, 11/02/2010 - 17:59 | 694422 Clycntct
Clycntct's picture

Change we can believe in.

Tue, 11/02/2010 - 19:25 | 694548 nmewn
nmewn's picture

The Death of a Parasite.

Tue, 11/02/2010 - 19:58 | 694621 undereducated
undereducated's picture

Don't you mean paradise...

Tue, 11/02/2010 - 20:03 | 694633 undereducated
undereducated's picture

Don't you mean paradise...

Tue, 11/02/2010 - 20:04 | 694636 undereducated
undereducated's picture

i got a 503b.

Tue, 11/02/2010 - 20:11 | 694652 nmewn
nmewn's picture

When you get done responding to yourself be advised, I don't think ACORN paid enough into unemployment insurance.

You're on your own...I think your screwed ;-)

http://www.nationalreview.com/articles/228290/acorn-tax-cheats/deroy-murdock

Tue, 11/02/2010 - 17:40 | 694394 Samual Adams
Samual Adams's picture

The False Left-Right paradigm is just one of many strategies and plans in place to control, subvert and divide & conquer, transfer wealth, and destroy the sovereignty of America.   Usher in a One World Government and One World Currency.

Tue, 11/02/2010 - 18:02 | 694429 MeTarzanUjane
MeTarzanUjane's picture

One World Currency?

One World plastic payment system. Visa It's Everywhere You Want to Be.

No more paper or coins, gold will be cornered into a industrial usage only model where like acetone you have to justify every ounce consumed. Oh, you're not a vetted business consumer, no acetone for you.

Tue, 11/02/2010 - 18:12 | 694441 Careless Whisper
Careless Whisper's picture

one world currency

i think the constitution has a few things to say about that.

Tue, 11/02/2010 - 18:23 | 694450 Samual Adams
Samual Adams's picture

But careless, we need One World Currency, to save us from economic collapse and maintain America's power in the world.

It's called problem-reaction-solution and you will submit, obey, and beg for more.

/sarcasm

To all of our detriment and destruction, The Constitution has been a very small bump in the road judging from the past 20 years.   Actually all the way back to 1913 with the Federal Reserve.   It's all by design.

Tue, 11/02/2010 - 19:04 | 694507 CH1
CH1's picture

Yes, it does... just like it had a lot to say about many other things that were tossed out when they proved inconvenient for politicians.

Politicians and their owners do whatever they like, then tell you at 6 and 11 what you should think about it.

Ho hum, move along. Teacher told us to stay in line.

Tue, 11/02/2010 - 18:15 | 694444 Samual Adams
Samual Adams's picture

One World Currency, as in SDR's by the IMF.

 

You bet it will be electronically transacted.  Ah, I love the smell of No Constitution or freedom in the morning.

Tue, 11/02/2010 - 18:24 | 694452 theopco
theopco's picture

Right on about the kabuki theatre, but I seriously doubt they will opt for world government/currency.

It would undermine currency and wage arbitrage, for starters. As you noted, divide and conquer is a highly effective strategy. Nowhere more effective than in the maintenance of the illusion of the nation-state.

Tue, 11/02/2010 - 17:44 | 694399 faustian bargain
faustian bargain's picture

I think the first sentence on that sheet must be some kind of sarcasm, because the chart pretty clearly shows we do not learn from our mistakes.

Also, one criticism I have of the graphics is that the y-axes do not align for the GDP, Debt, and Taxes. Doing so would more honestly show the Debt eclipsing the GDP in the past year, as well as the fluctuation of the gap between the two over the past 30 years. (Not that the GDP number is all that real to begin with...)

Tue, 11/02/2010 - 17:46 | 694401 samsara
samsara's picture

Where are we?

 

We're on the Titanic,  We hit the iceberg 5 minutes ago. 

Now they are voting for a new captain in the wheel house.

The two guys who want to be captain, both still think the ship is unsinkable.

Only the people in first class can vote, but they don't know they hit an iceberg.

The people in the lower levels most already under water know they have hit the iceberg, but they can't vote, or go above level 3...

(Myself,  I along with a few others who excaped from steerage class,  already commandeered a lifeboat and are paddleling away silently.... )

 

 

Tue, 11/02/2010 - 18:31 | 694453 Azannoth
Azannoth's picture

+1, and there are not enought life boats(gold and silver) for everybody in fact there is an accute shortage + you need to get far away from the ship so that is does not pull you under even while your trying to swim away

Tue, 11/02/2010 - 17:51 | 694410 cossack55
cossack55's picture

Anyone think anything about the fact that the POTUS, SecState, SecDef, SecTres will all be out of the US at same time.  Biden and Pelosi and Reed remain as very rare, if ever, POTUS and Vice gone at same time.  Thats three home, 4 out of US, top 7 layers of presidential succession.  Thoughts?

Tue, 11/02/2010 - 18:21 | 694448 merehuman
merehuman's picture

cossack55. Obummer  took along a very large contingent. I heard 40 airplanes and i am thinking, "gee , we can afford this?" 2 Weeks as i heard is a long time for the pres to be out of the country during a period of extreme crisis. If other big boys are leaving the country at same time it sure does give cause for concern. Is something about to happen in the USA?

This lack of trust is far reaching.

Tue, 11/02/2010 - 18:55 | 694496 Larry Darrell
Larry Darrell's picture

"Gee, we can afford this?"

No.  And I have heard amounts of up to $200 million per day for this little entourage's getaway.

Really would like to know who else left with him?  Blankfein, Rubin, Summers, Geithner, etc????  Did they all just bail as this ship just snapped in half?

Tue, 11/02/2010 - 19:05 | 694511 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Reid: There is absolutely no one home at the Reid residence.  He can't even, when faced with choice of yes or no, make the right choice more than 50% of the time.

Biden: Lights on at the Biden residence, but all energy-saving dim, low-wattage types.

Pelosi: No one home, Nancy shacks up with her beloved plastic surgeon.

Tue, 11/02/2010 - 19:08 | 694516 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Remember Biden guaranteeing  that Obama would be tested by crisis early in his term?

Hmm, hasn't happened yet.  Well, there's the financial crisis/depression, but O'll tell that's all Dumbya's fault.

Tue, 11/02/2010 - 19:36 | 694562 nmewn
nmewn's picture

At a cost of 200 million dollars per day for them to be gone it's a fuckin bargain compared to the billions per day of them staying stateside.

We could have a quick referendum to call for India to keep them there and pay them, say 10 million per day and come out ahead in the long run ;-)

Tue, 11/02/2010 - 17:58 | 694418 Zon
Zon's picture

But this time its different guys, there are people called the tea partiers! and they are for limited government, like for continuning social security! and unlimited defense spending! and wars that go on for decades! really guys its different this time!

Tue, 11/02/2010 - 19:08 | 694519 CH1
CH1's picture

The Tea Party people are overwhelmingly decent, serious people. Unfortunately, they are still thinking that gangrene can be healed.

Hopefully they'll figure out that they are better than the system they want to heal.

Tue, 11/02/2010 - 17:58 | 694420 toros
toros's picture

Why gov't jobs in high demand -

* Sixty-five percent of private industry employees had access to retirement benefits, compared with 90
     percent of state and local government employees. Eighty-five percent of state and local government
     employees participated in a retirement plan, a significantly greater percentage than for private
     industry workers, at 50 percent. (See table 1.)

http://www.bls.gov/news.release/ebs2.htm

 

Tue, 11/02/2010 - 18:09 | 694424 firstdivision
firstdivision's picture

Ever since I have been paying attention to American politics, I have always said to everyone that "you cannot have the same party control legislative and executive branches".  It really is for the sake of the country's survival to have a lame political system.

Tue, 11/02/2010 - 19:13 | 694526 CH1
CH1's picture

There really is not much difference between the parties... really! The things that are actually done (as opposed to talked about) differ very little.

It is a game, and the goal is to keep people involved with trivial affiliations, spending their energies toward getting one team or another into power.

Both teams, of course, use the same play books, follow the same strategies and report to the same league officials.

Tue, 11/02/2010 - 18:15 | 694446 B9K9
B9K9's picture

The greatest secret known to man is the addictive desire for a 'free ride'. And nothing spells free ride better than 'I'll gladly pay you tomorrow for a hamburger today'. Money-lenders are taught this incredibly valuable lesson from the very start; there is simply no defense mechanism possible.

It doesn't exist because evolutionary pressures conferred competitive advantages on those who were able to derive the greatest cost/benefit ratio. That is, achieve resource acquisition through the least effort via theft, subterfuge, coercion, group dynamics, etc.

Once you understand this, then you will understand why the #1 goal of usurers at all times, regardless of time and/or place throughout history, is constant loan growth. And once you understand that, then you will understand that government is by far and away the greatest prize of all.

Because, through the power of the state and its monopoly on force, it can compel its citizens to engage in debt encumbrance either individually (eg tax incentives like the mortgage interest write-off), or collectively via the state's interest in domestic (welfare) & foreign (warfare) affairs.

It is simply diabolically genius - a thing of beauty, really. So, there's 3 ways to play this: shark, victim or pilot fish. If you're not born a shark, then you're one of the latter two. It is up to you to figure out what is going on in order to transform into a pilot fish, otherwise you're just a victim.

Tue, 11/02/2010 - 19:15 | 694528 CH1
CH1's picture

There is one other way to deal with the game: Leave it!

Tue, 11/02/2010 - 19:21 | 694540 MeTarzanUjane
MeTarzanUjane's picture

B9K9 contributions are in the top 1%. Thx.

Tue, 11/02/2010 - 23:17 | 695038 MurderNeverWasLove
MurderNeverWasLove's picture

evolutionary pressures conferred competitive advantages on those who were able to derive the greatest cost/benefit ratio. That is, achieve resource acquisition through the least effort via theft, subterfuge, coercion, group dynamics, etc.

Once you understand this, then you will understand why the #1 goal of usurers at all times, regardless of time and/or place throughout history, is constant loan growth. And once you understand that, then you will understand that government is by far and away the greatest prize of all.

 

Good post.

Tue, 11/02/2010 - 18:25 | 694451 new world hoarder
new world hoarder's picture

.

Tue, 11/02/2010 - 18:43 | 694478 Xibalba
Xibalba's picture

If only we were allowed to vote 'against' candidates intead of only 'for' them. 

Tue, 11/02/2010 - 19:29 | 694505 Mercury
Mercury's picture

Show government spending as a percentage of GDP and that's all the "party affiliation" data you need to know.  That's the real story.

Once you've figured out that you won't be the next Lloyd Blankfein, you're -increasingly-either in the cart or pulling it.

Tue, 11/02/2010 - 19:05 | 694512 malek
malek's picture

According to the chart, todays rate of unemployment is about 10% (so they picked U3), but the same rate was 25% in 1933??

Never believe any statistics you haven't manipulated yourself...

Tue, 11/02/2010 - 19:20 | 694535 99er
99er's picture

When else but on election day do I get calls from celebrities. Leonardo di Caprio, Martin Sheen, Danny Glover and Susan Sarandon. Wait a second...shucks...that was the local party. I *heart* answering machines.

Wed, 11/03/2010 - 03:02 | 695228 Real Estate Geek
Real Estate Geek's picture

/

Tue, 11/02/2010 - 19:21 | 694539 Clint Liquor
Clint Liquor's picture

Question: Is Barack Obama a Keynesian?

Answer: No, he was born in Hawaii.

Tue, 11/02/2010 - 19:38 | 694568 e_goldstein
e_goldstein's picture

"...and the ridiculous extremes in voter alignment, lobbying, and legislative action are due for revision."

 

Absolutely.  Unfortunately it will never happen until every last boomer is pushing up daisies. 

Tue, 11/02/2010 - 20:10 | 694650 Peak Everything
Peak Everything's picture

Hmm... The data suggests a clear trend regardless of leadership. Perhaps something else rooted in science and nature is going on here. I agree with Tainter that if you dump low cost energy into a natural system you will see increasing complexity until the cost of the complexity exceeds the growth rate of energy to keep up. Then collapse. You are here.

Tue, 11/02/2010 - 20:58 | 694772 metastar
metastar's picture

Former Madam Kristin Davis for Governor of NY! Three Reasons:

1) Politicians, especially Democrats and Republicans are whores. Kristin has experience managing whores.

2) She has the dirt on everyone in politics. She's would have her peers by the balls!

3) What mud can they sling at her? She certainly wouldn't be thrown out of office for a sex scandal!

Tue, 11/02/2010 - 21:26 | 694838 SparkySC
SparkySC's picture

At what point does everyone pick up a pitchfork/torch or worse?

 

Seriously this is more than F'n B.S.

 

 

Cheers

gettting drunk the best I can..... LOL

Tue, 11/02/2010 - 22:49 | 695003 GoinFawr
GoinFawr's picture

That's the spirit!

Tue, 11/02/2010 - 23:03 | 695018 trav7777
trav7777's picture

I mean, gd...there were those calling the Repugnicon Party dead.  Here they are like the Beast, given a death stroke and coming back.

What this election is is a historic repudiation of Obama.  That at least makes me happy.

Tue, 11/02/2010 - 23:13 | 695032 MurderNeverWasLove
MurderNeverWasLove's picture

Went to vote, but then remembered there was no way to 'flag as junk'

Tue, 11/02/2010 - 23:20 | 695043 Metropolis_Minx
Metropolis_Minx's picture

Heh!

+1 for a witty post...and having a George Carlin moment.

Tue, 11/02/2010 - 23:15 | 695035 Metropolis_Minx
Metropolis_Minx's picture

New interview with former Assistant Secretary of Housing and whistleblower, Catherine Austin Fitts. She doesn't just lament over the duplicity of the American citizens by big corporations--from fraudclosure to centralized healthcare-- but offers some viable solutions (other than pitchforks).

http://www.youtube.com/watch?v=XqBmePp4r2c

 

M_M

Wed, 11/03/2010 - 05:47 | 695294 celticgold
celticgold's picture

Slightly OT , but then again... the horse that won the Melbourne Cup here ,yesterday is named "Americaine"...... here... have some more.

 

 

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