Tags: voters | politicians | decision | economic

'Low-Information Voters' Dooming Economy

By    |   Friday, 03 Oct 2014 08:03 AM

Election spending is one of the biggest problems facing America, according to Sen. Harry Reid, D-Nev., and many of his allies. They argue the Koch brothers and other rich Republican donors are ruining democracy.

The truth is that voters swayed by a 30-second commercial are what's wrong with democracy and America.

The problem isn't really money. The problem is that voters believe they can make decisions based on ads that are meant to be biased. Many voters are spending less time thinking about the issues than they are dedicating to posing for selfies. It is this lack of intelligent decision making that is hurting the country.

No issue worth voting for or against can be explained in under a minute. Educating the group of people Rush Limbaugh calls "low-information voters" might be an impossible task and that has long-term implications for the economy.

Politicians' current initiatives shape the economy of the future. In 10 years, we will still be paying for the $6 trillion in deficits President Obama has created, so far. Slow economic growth for several years is now becoming a certainty. Low interest rates can be maintained as long as the economy grows slowly. This dooms savers to low yields and reinforces the cycle of slow growth.

Unfortunately, explaining how to spur economic growth takes more than 30 seconds, so many voters will never understand the reasons they struggle with low wage jobs. Income inequality is the natural result of their decision to vote for wasteful spending programs and higher deficits.

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MichaelCarr
Election spending is one of the biggest problems facing America, according to Sen. Harry Reid, D-Nev., and many of his allies. They argue the Koch brothers and other rich Republican donors are ruining democracy.
voters, politicians, decision, economic
253
2014-03-03
Friday, 03 Oct 2014 08:03 AM
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