Oct 1st, 2011
Kevin Drum argues that the coming double dip will be wholly owned by the Tea Party and their sympathetic (or fearful) agents in the 112th Congress. The kicker:
"If we want them to, both monetary and fiscal policy can have plenty of bite left. Bottom line: If we plummet into a second recession, it will be solely the fault of fanatical conservatives in Congress who refuse for reasons both partisan and ideological to acknowledge that we can do something about this. It'll be the Tea Party Recession of 2011."
I think it's worse than Drum realizes. We're not dealing with a group that's simply opposed to changes in "fiscal and monetary policy" now. We're dealing with a collectively delusional cabal that is opposed to centralized intervention ever. Their meme of "not picking winners" has devolved into an unthinking scheme that ensures greater hardship for most Americans.
So, yeah. They own it.
Saturday, October 1, 2011
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Agreed. If there is a double-dip, it is the GOP and the Tea Party that should be blamed for it.
ReplyDeleteThe question is this: will the mainstream media do so? And for that matter, will alternative/progressive-leaning media do so? Or will we hear, yet again, the uttering of "both sides are responsible", "Obama didn't lead" or "If only Obama had used the bully pulpit"?
I don't wish to be a wet blanket, but from what I've seen over the past few months, both mainstream and alternative media seem more interested in pinning the economic troubles on the President and not on the real miscreants. I hope I'm wrong in that assessment, but....
I agree wholeheartedly. The manipulation of the narrative is shameful.
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