Our sickening political reality in a nutshell: "If the economy were not heading into a massive depression, or if deficits were driving interest rates high, then opposing large fiscal stimulus would make a lot of sense. Likewise, if sky-high inequality were receding, then long-term concerns about the gap between the top one percent and everybody else ought to weigh a bit less heavily on us. "But none of these arguments were true. And conservatives have made precious little effort to replace them with other arguments... "Meanwhile, however Republicans resolve their long-term vision debate, they have coalesced around a short-term vision. It is to repeal Obamacare without a replacement, maintain short-term austerity, weaken labor laws, loosen financial regulation, and defend every tax deduction enjoyed by the affluent. I don’t see how this policy mix could be remotely defended in light of actual circumstances. Almost nobody on the right seems to want to defend it. But nobody seems interested in placing even the slightest pressure on the Congressional party to alter its stance, either. "...The great economic arguments of the recession are over, and it turns out not to matter."
Posted on: Sat, 14 Sep 2013 12:01:42 +0000
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