into the Chasm
by Paul Krugman
The resurgent Republicans have
learned nothing from the economic crisis, except that doing everything
to undermine Mr. Obama is a winning political strategy. Tax cuts and
deregulation are still the alpha and omega of their economic vision.
And if they take one or both houses of Congress, complete policy
paralysis - which will mean, among other things,
a cutoff of desperately needed aid to the unemployed and a freeze on
further help for state and local governments
- is a given. The only question is whether we’ll have political
chaos as well, with Republicans’ shutting down the
government at some point over the next two years. And the odds are that
Is there any hope for a better outcome? Maybe, just maybe, voters will have second
thoughts about handing power
back to the people who got us
into this mess, and a weaker-than-expected Republican showing at
the polls will give
Mr. Obama a second chance to turn the economy around.
But right now it looks as if the too-cautious attempt to jump across
that economic chasm has fallen short
- and we’re about to hit rock bottom.
I think the American voters are super-stupid, but are they
stupid enough to let the drunks drive the car again?
They KNOW we had great times with a Democratic president
and they KNOW the Rethugs started a war and
broke everything and squandered or stole the surplus - and then the
Treasury, then our life savings and then
our home equity, so surely the voter will vote in his own best
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