Statistically One Vote Doesn’t Make Any Difference

Bill Bonner — Tue, 08 Jul 2008 04:15:52 +0000

Politicians know better than to talk about real issues. Instead, they argue about which one goes to church more often...or who is best able to fight "terrorists"...or whose taxes will be raised. Of course, they might want to talk about the real threats to the nation, but they know the voters wouldn't stand for it.

"Who are you going to vote for?" asked a well-meaning friend from New Zealand.

"Vote...I never vote."

"Why not?"

"Statistically, it is a waste of time," we explained. "Barack Obama will be elected Grand Wizard of the Ku Klux Klan before my vote makes any difference in a presidential election. But there's a moral reason too. Suppose my man wins? Then, I bear some responsibility for what he does. I have no idea what he might do...and no control whatsoever over him..."

"But isn't this an important election?"

"Maybe, maybe not. Economically, the cake has already been baked. The next president isn't going to like it very much. And he'll do all he can to avoid having to eat it. All these rebates and bailouts - I suspect that we haven't seen anything yet. Whoever is elected...we're probably going to see $1 trillion deficits...and the collapse of the dollar, along with the post-Bretton Woods financial system..."

"Oh..."

Until tomorrow,

Bill Bonner
The Daily Reckoning Australia

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Statistically One Vote Doesn’t Make Any Difference