Maybe Tuesday nightís presidential debate wasnít a game-changer, but at least Republican nominee Mitt Romney didnít get to debate Clint Eastwoodís empty chair.
President Barack Obama showed up this time instead.
And while two candidates in a debate are better than one, three candidates would be a big improvement. That way, someone could hold the Republicans and Democrats accountable for generations of vote-buying and deficit spending.
The last time that happened was in 1992 when Ross Perot was the third candidate in the debates. Perot responded to attacks on his inexperience by saying, "Theyíre right. I donít have any experience running up a $4 trillion debt."
"Itís not the Republicansí fault," said Perot of the incipient debt crisis. "And itís not the Democratsí fault. What Iím looking for is, who did it?"
This yearís second presidential debate was a tasty little treat for the media people, who love a good comeback story.
But for more serious people, those who understand America will be shaken to its core by economic calamity, the debates are like junk food meals of empty calories.
What About the Fed?
Once again, there was not a word about the Federal Reserve, and not a word about QE III.
This is a most-peculiar oversight.
Itís like Perotís description of the crazy aunt kept down in the basement. "All the neighbors know sheís there, but nobody wants to talk about her."
The country is mired in an economic malaise, and both candidates wish to be seen as holding the keys to our recovery. But neither candidate uttered a word about monetary policy or the monetary authorities.
Since money is half of every commercial transaction, the failure to address the subject is more than a casual oversight. It means that there is a taboo against addressing 50% of the nationís economic activity.
The only conclusion that can be drawn from this studious avoidance of monetary policy is that, regardless of the electionís outcome, the fundamental policies that boom and bust the economy will still be decided by the Federal Reserve on behalf of the banking cartel.
So-Called Debates Yield So-Called Solutions
I watched the debate remembering the words of Ron Paul this week, when he suggested that our future could hold results more-severe than what weíve seen in the streets of Greece.
Thatís why, Congressman Paul says, he gets so annoyed with "the so-called debates" that are going on now.
"They are not talking about anything important," said Paul. "Absolutely nothing. How often have you heard in the last couple of weeks or couple of months of the campaign about the seriousness of the debt and the debt crisis, the dollar crisis, the financial crisis?"
"Weíre at the end of the line when it comes to debt. When the markets recognize this, we wonít be able to print money" to get out of it.
In the 1992 debates, Perot said that "giant sucking sound you hear" is jobs leaving this country. Today we have Depression-era levels of unemployment and our manufacturing base has been hollowed out.
Back then Perot was the only one of the candidates to address the nationís growing debt seriously. "The facts are," he said, "we have to fix it."
Still Broke Ö
That was 20 years ago. Nothing has been fixed.
Twenty years ago, Perot concluded that, since the Republicans and Democrats were both shirking and disclaiming responsibility for the nationís debt, it must all have been the doing of extra-terrestrials.
Must be. The debt has quadrupled since then and nobody else has been in charge except Republicans and Democrats.
Clearly, we need a third man in the debates again.
I nominate Ron Paul.
October 18, 2012
Charles Goyette [send him mail] is the author of the New York Times bestseller The Dollar Meltdown. His new book is Red and Blue and Broke All Over: Restoring Americaís Free Economy. He is also editor of Freedom & Prosperity Letter, a monthly political and financial newsletter dedicated to revealing the truth about the U.S.'s political scene and economic climate. To learn more, go here.
Copyright © 2012 by LewRockwell.com. Permission to reprint in whole or in part is gladly granted, provided full credit is given.