fossten
October 20th, 2010, 01:34 PM
http://www.washingtonpost.com/wp-dyn/content/article/2010/10/19/AR2010101907521.html?hpid=topnews
Now ask yourself: Do you think the results of the coming election would be tilting in favor of Democrats if the “individual mandate” had been omitted from health reform, if the consumer protection agency had been dropped from financial regulatory reform and if General Motors had been left to die. Somehow I doubt it.
The dirty little secret is that most Americans don’t really know what they think about the issues that so animate the political conversation in Washington, and what they think they know about them is often wrong.
Most Americans still think that the bailouts of the banks, the auto companies and American International Group will wind up costing taxpayers hundreds of billions of dollars. In fact, the latest guess is that the government will come out even on the deal, and may even turn a profit…
The simple truth is that Obama and the Democratic Congress were dealt a lousy economic hand, and they’ve played it about as well as anyone could. Along with their predecessors and the holdovers at the Federal Reserve, they prevented a collapse of the global financial system and a 1930s-like depression. But given the magnitude of the financial crisis and the global imbalances that gave rise to it, a prolonged period of slow growth and high unemployment was almost inevitable.
***
I have a question. How can you say, "In fact, the latest guess..."
Isn't that a contradiction?
This guy is brilliant.
Now ask yourself: Do you think the results of the coming election would be tilting in favor of Democrats if the “individual mandate” had been omitted from health reform, if the consumer protection agency had been dropped from financial regulatory reform and if General Motors had been left to die. Somehow I doubt it.
The dirty little secret is that most Americans don’t really know what they think about the issues that so animate the political conversation in Washington, and what they think they know about them is often wrong.
Most Americans still think that the bailouts of the banks, the auto companies and American International Group will wind up costing taxpayers hundreds of billions of dollars. In fact, the latest guess is that the government will come out even on the deal, and may even turn a profit…
The simple truth is that Obama and the Democratic Congress were dealt a lousy economic hand, and they’ve played it about as well as anyone could. Along with their predecessors and the holdovers at the Federal Reserve, they prevented a collapse of the global financial system and a 1930s-like depression. But given the magnitude of the financial crisis and the global imbalances that gave rise to it, a prolonged period of slow growth and high unemployment was almost inevitable.
***
I have a question. How can you say, "In fact, the latest guess..."
Isn't that a contradiction?
This guy is brilliant.