The economy is certainly one of the big issues of this campaign. And obviously it is something very real to millions of Americans. And yet, somehow, our discussion of is, shall we say, myopic at best.
Whether we are talking about the media, the politicians, the blogosphere… a huge portion of the equation tends to remain undiscussed. The worldwide economy.
And while many of the american people are, to some degree or another largely ignorant of the worldwide economy, the same can not be said for our media and politicians. But it tends to disappear from the discussion.
The US economic collapse, the worst since the great depression, became undeniable during the last few months of the Bush administration (though the decline- and the warning signs, had been there for the better part of a year or longer). And more or less coincided with the start of a near worldwide economic collapse. (hence those figures on things from gas prices to unemployment that the Republicans love to quote- in the case of unemployment cherry picking numbers from the last year before the bottom dropped out, and on fuel from the last 3 months after the election, when gas prices dropped from well over $4 to just under $2 thanks to the worldwide collapse).
And of course we all know that in his first 6 months or so Obama not only stopped the precipitous drop in the economy, but the economy replaced all the jobs lost during his first few months/the end of the steep decline)
But in the discussion of the American situation- the rest of the world gets left out of the equation. It seems to be somehow not important that much of the rest of the world instituted austerity measures like the republicans call for- which have failed miserably. That the economies of China and India, two of our largest trading partners and major sources of manufacturing and raw materials for US industry are slowing down due to the worldwide situation.
And of course the worldwide economic collapse has had a major impact on multipe key industries in the US.
And yet the discussion continues along like the US exists within a bubble. Ignoring the larger picture. Pretending that the US, and it’s policies exist in a vacuum.
It is disturbing that we have this myopia. That we still want to believe america is all powerful- and the rest of the world does matter. Our self-centeredness, our myopia, our refusal to see the bigger picture…will be our downfall. It’s not republicans, it’s not democrats, it’s not the tea-party that will save us. If we don’t accept that the world has changed- and america along with it, we will be the shortest lived major nation in history.